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Mobile Apps Are a Profitable Business

Mobile Apps Are a Profitable Business

When it comes to making money online, there are certainly hundreds of different ways to make this happen. But if you have coding experience, it may be even easier for you to pull in some profit. Sure, you can freelance and help others develop applications, but wouldn’t it be better if you could create your own apps and make money from them? Who knows, you might create something that will be liked by millions of users.

The possibilities are endless as far as app types go. Remember, what you create doesn’t have to be particularly advanced or even too useful. You could make an app whose only purpose is to play animal sounds and still get hundreds of thousands of downloads.

If you’re new to mobile app development, there are plenty of resources that will help you get started out rather quickly. You can find guides, as well as software development kits for both the iOS and Android platforms. Now that an ever increasing amount of people own a smart phone or tablet device (many times they have both), there has never been a better time to get in and start cashing in on this new trend. All statistics show that the number of downloads for mobile applications is only expected to grow.

But how do you actually make money from the apps? There are two ways. The first one is to charge people a fee to purchase your app, which is often relatively small, usually ranging from $1 to $5. But this may not always be the best approach, especially if you’re new to the game and people don’t really know who you are or what your app is supposed to do.

There are other solutions in that case. You can release the app for free and still make money from it, by embedding mobile ads in it. These can either be links to affiliate offers, or ads that pay you for each click or impression. However, remember not to over do it. Remember that mobile screens are small and nothing ruins the user experience more than an app which has ads that cover nearly half of the screen.

You can also do a combination of both. This is often called the freemium model and is used by some of the best app developers in the world. You release one version of your app for free, which has basic features. A “pro” or advanced app is also made, but this version has a small cost. You can entice your users to upgrade to the paid version by offering more functionality as well as reminding them that the paid version doesn’t display any ads.

If you’re thinking of joining the market, be sure to do some research first. Look at some success stories, but also some failures and problems that other developers had. Try to find a specific niche and an idea that is truly original. The apps that were the most successful are usually those who were the first to offer something which wasn’t previously available.

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Building Your Online Reputation: Which Channels to Use

Building Your Online Reputation: Which Channels to Use

Your online reputation is essentially everything that can be found about your business online, whether it’s content that’s created by you or by other people. Obviously, if you want to build a solid online reputation, there are certain basic things that you need to do, right from the very beginning. If your business is brand new, it may seem to be a bit difficult to get started, but in reality you just need to take a few steps in the right direction. We will now present you some useful tips on how to make this all happen:

 

  • Have a Website With All the Necessary Information

 

Obviously, you know that if you want to be found in the online world, your business will need a website. But your site should also be complete, with detailed information about your products, as well as information on what they’re good for and how to use them. This will give more pages from your company in search results and will also help your site get found more easily.

 

  • Allow User Reviews and Ratings of Your Products When Possible

 

When people shop online, they not only want to find the product that they’re looking for, but they also want to know if it’s good or not. One advantage of online shopping versus in-person shopping is that on the internet, you can quickly read some comments that were left by other users about a product. If what you offer is of good quality, then allowing users on your site to leave a rating or comment about the product will be beneficial for you, as an online shopper will instantly see that people were satisfied with their purchase.

 

  • Get Your Company in Business Directories

 

This serves several purposes. It helps people find your business, it provides useful backlinks for SEO purposes and it also helps you build your reputation in a few different ways. First, the more your company is “out there”, as in listed in several online business directories, the more it appears to be a stable and legitimate business. Furthermore, many online business directories have a feature that allows their users to leave reviews about businesses that they’ve used in the past. Another excellent way to get positive user comments to show up when someone Googles your company’s name.

 

  • Participate in Social Media

 

Again, this is great for marketing, but is also great for building your reputation online. All you need to do is to set up accounts on social media sites such as Facebook, Google+, Twitter, LinkedIn, etc. People can now comment about your company and leave reviews of your products. You can also use your social media accounts to release important announcements related to happenings in your business.

 

There are also a few other channels that you can use to quickly build your online reputation. We’ll take a look at these tomorrow.

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Profiting From Tablet Devices: Part 2

Profiting From Tablet Devices: Part 2

Yesterday, we’ve seen some ways that you can profit from the increasing number of people who are interested in using a tablet as their secondary, or maybe main internet access device. There are a few more ways for entrepreneurs to make money from them. Here are some more ideas that you may want to consider:

 

  • Developing and marketing apps

 

As the amount of tablet users grows, so does the demand for applications that run on the common tablet platforms like iOS and Android. In the last 2 years, the demand for these apps has, in fact, exploded. Businesses are looking for a way to get their brand better known and would love to have an app made for tablets. Software developers are looking to cash in on this new trend by making various kinds of programs that can run on these devices.

 

So if you have some experience developing software, you could make some money either by creating apps that someone else requested, or by coming up with unique ideas for apps and creating your own. One business model that works really well for many tablet apps like games and accounting tools is the “freemium” one. The basic version of the app is free, but in order for the user to unlock more levels, or to get a more powerful version of the app, they would need to pay a small amount. This helps draw users attention to the application and like it, they may want to spend some money in order to upgrade.

 

Furthermore, it is also possible to integrate ads in some types of apps, which means that you can profit either from selling a paid version of the app, or get ad revenue from the free version.

 

  • Selling Tablet Insurance

 

When spending anywhere from $200 to $700 on a tablet, people naturally want to protect their investment. Obviously, there’s a manufacturer’s warranty available, but the problem is that it only covers manufacturing defects for a year or so and nothing more. Mobile devices that people often take with them anywhere they go are naturally prone to some hazards such as accidental damage, loss or theft.

 

There is a small, yet growing market for mobile device insurance, which provides repair or replacement in case someone’s device gets lost, stolen or damaged. While selling insurance can sometimes be a bit complicated as you would have to follow some regulations and obtain the proper permits in many jurisdictions, it can still be quite a profitable venture if you’re willing to try and enter a relatively new industry and act as a true entrepreneur.

 

These were some ways to make money with the rising popularity of tablet PCs. Of course, there are definitely many more that you can find if you make a bit of effort and research some money making opportunities.

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Profiting From Tablet Devices

Profiting From Tablet Devices

We‘ve seen how tablets tablets are becoming a lot more popular among the general population and new models, like the Kindle Fire are getting a lot of attention. Tablet PCs have actually had a run that is similar to smartphones. Previously a business tool that was used only by a segment of the population, they have now fallen into mainstream consumer devices, with all classes of people having an interest in owning one.

 

There are, of course, several different models of them on the market today, so if you want a comparison of their features and specifications, there is plenty of free information to look at. But as marketers and online entrepreneurs, what interests us mainly is the online money making opportunities that come from these devices. Actually, there are several ways that you can make money off the surge in popularity of tablets. Here are some of them:

 

  • Selling the devices themselves

 

If you look at eBay, for example, you will find that there is a large selection of tablets available, sometimes at prices that are better than what you would pay if you go through the official channels like in an Apple store. There is also a growing market for refurbished or used devices, as plenty of consumers would like to get a tablet, without paying the full price for a new one.

 

To profit from these, all you need is to find a source that can supply the devices at a low price and then you can resell them online (or even offline if you want) at a profit. There are now businesses which make money by buying back damaged tablets, fixing them and then selling them again as refurbished to budget conscious consumers.

 

  • Selling accessories and parts

 

Now that there is a bigger demand for tablets, there is also a bigger demand for items that are related to these devices. All kinds of cases and skins are now being sold to owners of tablet PCs. There is also a market for other aftermarket accessories like wall chargers, USB cables, innovative charging devices that let someone recharge their mobile device by using solar power and more.

 

Finally, just like with PC parts, we have tablet parts that are being sold, which are often bought by independent repair technicians, as well as some individual consumers that want to try and fix the device themselves after the warranty runs out. Most common parts that sell well online include replacement screens and batteries. Again, the simple concept of buying low and selling high applies. You check which items are in demand, find a good supplier that provides them at a lower price and then resell them at a profit through online marketplaces or an e-commerce site that you’ve put together.

 

There are a few other ways we can make money from tablet PCs. Check back tomorrow for a few other ideas that could let you make some money.

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Start Making Money With Blogging Today

Start Making Money With Blogging Today

Over the last few years, blogs have grown in popularity and it would seem that now everyone and their dog has a blog. If you check out some opportunities to make money online, you will see that there are many who claim that it is possible to make decent money by blogging. But is this really true?

In reality, it is possible for anyone, with little experience in the blog world to start earning money from blogging. But it may not always be as straightforward as many would think it is. If you want to make money from blogging, you will first need to be patient and learn how to do it properly. There are two main ways to make money from blogs. You can either have your own blog, or write for someone else’s. The second option is far more simple and can allow you to make money more quickly, so we will look into it first.

  • Ghostwriting

Here, you will be creating blog posts for someone that owns a blog and will be paid either as a share of the revenue that your blog posts bring in, or more commonly, a fixed price ranging from $3 to $50 for each post that you make. The blog that you write for could be an informative one, or it could be a businesses blog that serves mainly to promote the products and services of a certain company. Your posts will usually be published under the name of the blog owner or a pseudonym. If you want to get started with blogging quickly, then this is one of the fastest and easiest ways to make money from it. You can make some pretty decent coin if you are hired by numerous clients to update their blogs on a regular basis.

  • Guest blogging

This is similar to ghostwriting, in the sense that you will be writing posts for a blog that isn’t your own. However, there are a few differences. As a guest blogger, the posts that you make will usually be credited to your name, along with links to your own blog, website or social networking profiles. This allows you to gain some notoriety in the online world as people can more easily find the content that you have written online, even if it wasn’t published on a site that you own. If you create good content, it is also very possible that you will get regular assignments.

  • Other tasks that don’t involve writing

You can also make some money without having to create any written content. For example, someone could pay you to design logos and graphics for their blog. Or you could act as an administrator for one, uploading already made content at specified times, moderating and responding to comments left by visitors, keeping track of usage statistics, etc. You might also have the opportunity to take written content and to transform it into another type of media, like videos that will give a better explanation of what is being discussed.

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Building Multiple Streams of Income

Building Multiple Streams of Income

If you want to make more money online, there are a few ways that you can make this happen. While the specific details will vary according to what kind of online business you are in at the moment, there is some good advice that you can use no matter what you are doing at the moment and what you would like to do in the future.

One of the important things is to: Work on building multiple streams of income, but do it well

We all hear that earning money online successfully involves having multiple streams of income. This is a common topic that comes back in nearly every “Make Money Online” ebook being sold. And this is not just another marketing gimmick to get authors to sell more products. The reason why so many give this advice is because it works, period.

This is even true in the “offline” world. If you ask a person who is very successful financially and has a net worth of several million about how they make their money, they will probably tell you that they run several businesses at the same time. They may own a restaurant franchise, an apartment building, a car wash, a gas station, etc. All of these businesses bring them money.

This gives them the opportunity to not only make more money, but to ensure that they would keep making money should conditions change and one of their businesses wouldn’t be as profitable anymore.

The same is true online. It is better to have 4 websites in different niches making $25 a day than just one website making $100 a day. However, some people don’t approach this concept the right way. They see “multiple streams of income” and believe that it means “do everything at once”. Obviously, this is not a winning strategy, because it would probably degenerate into “do everything at once but do nothing well enough”.

A better strategy for success would be building each site or business one at a time. Focus your efforts on only one or two things at the same time, maximum. Then, when this business starts rolling well and brings you revenue like you want it, you can then start thinking about whether you’re ready to build something else that would work too.

After some time, you would be able to get multiple streams of income coming in from different websites, businesses, products, etc. that you own. This is one of the principal elements of successful online money making.

There are other tips that you can apply in the online business world that will help you earn the revenue that you’ve always wanted from your activities. Tomorrow we will consider some other pieces of advice that you can use to do just that.

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Simple Business Types You Can Start: Part 2

Simple Business Types You Can Start: Part 2

Yesterday, we’ve seen an example of a simple type of business that you can start online. The majority of easy to start online businesses involve either selling a product or providing some type of useful service to your target market. Here are some more examples of small online businesses that you can start:

  • Social Media Marketing Services

Social media has gained a lot of popularity in the past few years, so much that many businesses have seen it useful to build their presence on various social networking websites, such as Facebook, Google + and Twitter. Of course, there are still small businesses that, even though they may have an online presence through a website, don’t currently use social media even though it could be profitable for them. If you have knowledge on how to promote products, services and ideas through social media, you can offer your services to local businesses.

There are many types of services that you can provide. The most simple ones would be creating a social media page for your clients, filled with information about their business and products, and done in a style that matches their main website. You can also offer to manage the social media presence of a business entirely, by making the updates as well as creating events, groups, etc. when necessary.

  • Web Design and Web Building Services

Here again, you will offer your services to other small businesses in your area. You can offer to create web sites completely from scratch, or to update existing ones in order to improve their appearance. You can also offer to create mobile compatible versions of websites, which is something that is quite in demand lately due to the increasing use of smart phones by consumers to look for products and services that they want to buy.

In addition to designing and building websites, you can also offer additional services that will make you look more valuable for your clients. For example, you can offer to manage a website completely, by adding content and making updates when necessary. You can also provide your clients with web hosting services as part of your web design packages, which can simply be done by getting a reseller account with a good quality web host.

Naturally, you will need some good web design skills working with different software, plus graphic design skills would be useful as you can then create completely customized backgrounds, logos, etc. for your clients websites. Advertising can be easily done through free or low cost methods, such as on social media, through classified ad sites, forums, etc. If you do a good job and are priced competitively, you could also get some word of mouth referrals which will boost the amount of clients that you get.

These two are other examples of online businesses that you can easily start if you already have the right skills. There are plenty of other ways to make money online by starting a small, home based business. You just need to be creative in finding useful services that you can offer and that people would be willing to pay for.

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Simple Business Types You Can Start

Simple Business Types You Can Start

Many individuals would like to have a simple business to start as an online entrepreneur. The advantage of the internet is that it gives you access to potential clients from all around the world without having to spend a fortune on advertising costs. There are thousands of different kinds of businesses that can be started online. But many would like something that is simple to do in order to earn some extra money. Here are a few examples of businesses that can be easily started depending on your skills:

  • Computer Support and Repair

Now practically anyone owns a computer. But the issue is, the majority of PC users don’t have the knowledge required to troubleshoot problems when they occur, nor do they have the time and patience required to look for a solution. This is where you can come in. The computer support and repair business model can take several forms. The most simple one to operate is a purely online type of business.

Here, you will provide remote technical assistance to users who are having problems with their PC. You can accomplish this by having the user install a remote desktop software, or use a plug in that is built into many commonly used programs such as Google Chrome or Skype. You can now gain remote access of the client’s computer and fix most kind of issues, as long as their PC can still boot normally and they can access the internet. You can set the pricing according to many different models, but for small, one man operations, this would usually be on a per incident basis. Advertising can be done through various ways, such as classified ads sites, social media, or placing ads in local newspapers.

Another thing that you can do is to offer your services as an independent technician to individuals and small businesses. Here you will troubleshoot and repair computer related problems by going to the clients location and fixing the problem. While there is usually some competition from larger support firms, especially in bigger cities, one of the advantages is that you can charge much less for each visit, thus earning you more business from those who can’t afford to pay such high prices.

This business model is not only limited to PCs, depending on your skills and available parts & equipment. For example, you could offer repairs and modification services for smart phones (replacing broken screens, jailbreaking, unlocking, recovering data, etc), tablets, gaming consoles, etc. Depending on how much time you’re willing to devote to your business and how much you advertise, this can be a good side job, or you can also turn it into a full time business, even renting out a physical location and hiring staff, etc. It all depends on what you want to accomplish and what your business objectives are.

Tomorrow we will look at some other small business types that you can start right from home and that you can use to earn some extra money online.

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Some Tips for Hosting Resellers

Some Tips for Hosting Resellers

Are you, or do you want to become a reseller of web hosting services? A web hosting reseller is an online services provider that gives clients web hosting services, by reselling server space from another hosting company. While for some, this can become a very profitable business, many web hosting resellers are actually small companies where the owner operates the host as a “side business” making a few hundred dollars per month, to complement their other online activities.

 

If you would like to succeed as a reseller of web hosting services, then you will find the following tips quite useful:

 

  • Resell From a Quality Host

 

Obviously, all of the actual web hosting will be taking place on another company’s server, therefore you will be dependent on them to provide the service to your customers. This means you are essentially going to be creating a business partnership with them. Research the host in question and get some unbiased reviews, especially concerning their reliability. Do take note, that as web hosting is a very competitive industry, the internet is full of fake “reviews” that are left by affiliates that are paid a commission every time someone signs up for service through their site. This is why you should avoid “Top Ten Host” sites, where all the reviews are actually created by the webmaster and not the user. Look for some hosting review sites which let users post their opinions and look up the host’s name on webmaster or online business forums. This will truly get you a better picture of their quality.

 

  • Get An Unlimited Plan if You Can

 

If you want your hosting offer to be as attractive as possible to your users, then you must give them a generous allotment of disk space and bandwidth. Obviously, this will not be possible if you just go with the cheapest reseller plan that has the least web space. You should instead go for a web host that offers you a reseller package which is unlimited. Therefore, you can create unlimited accounts for your customers, host unlimited domains and also you will have unlimited web space for your users. Unlimited hosting reseller plans typically cost around $100, but they are very well worth it.

 

  • Provide Good Support

 

While you may not be able to provide 24 hour a day phone support, do strive to be available to your users as much as possible. If you just have a few dozen users, this will not really be difficult. Be available on live chat whenever you are on the computer. Respond to support tickets and email inquiries promptly. You can do this simply by having your business email forwarded to your smart phone. Many people have social media updates on their phone anyways, so as an entrepreneur, you should get notifications when your customers contact you and respond to them quickly on your phone, even if you are not in front of a PC. Responding to emails within a few hours maximum is considered a good business practice.

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Your SEO Goals Should Be Realistic

Your SEO Goals Should Be Realistic

When it comes to SEO, there are plenty of misconceptions, especially among new webmasters and those who have just started out in online business. Some people seem to believe that just by doing the most basic SEO work or by hiring some SEO “expert” for $5 at Digital Point, they would be able to propel their site to 1st place on Google within a few days. For anyone that thinks that way, well sorry but this is just not how SEO works.

 

If you want to improve your websites ranking on the search engines, then your goals will need to be realistic. One of the ways of doing so would be to take a look at the websites that are already ranked for the keywords that you are targeting. Do a keyword analysis of your site to see which keywords you would be better off targeting. In many cases, you will be able to find some long tail keywords that are more specific to your offerings and that have less competition. If you do business at a local level, then targeting some local keywords can also be very helpful. Once again, the reason behind this is that the competition for local keywords is a lot lower than for the more general ones, thus it would be much easier for you to rank for them.

 

One thing that you will need to understand about SEO is that it is more of a long term process, rather than an instant solution to get traffic to your website right away. If you have just created your website, then it can take several weeks or even months before you are able to get any decent amount of traffic from natural search engine results in certain high competition, popular niches.

 

For this reason, you need to consider using some other advertising methods in the meantime to bring some traffic to your website. Pay per click search advertising obviously comes to mind here. Many would say that it brings you the same results than SEO, but is able to do so a lot faster. The major drawback, however is that you will need to spend some money on it, sometimes considerable amounts if the keywords that you are targeting are quite competitive and thus very valuable.

 

If you truly want your website to bring you the money that you want, then you would need to understand that online advertising is a very diverse environment, where you have dozens of different ways to generate traffic to your website besides using SEO. Using media buying, article marketing, social media marketing or video marketing are all things that you can do alongside SEO to make your site more popular. Remember what the main focus behind creating a website is: to make money for you. By employing the proper strategies to get the visitors that you need, you will be able to improve your ROI by getting more visitors and turning these website visitors into profitable clients for your business.

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A New Way to Profit From Ebooks

A New Way to Profit From Ebooks

Anyone following the online marketing industry, even a bit, will know that sales of info products such as eBooks are vastly increasing. In fact, it is a billion dollar industry that is constantly expanding and creating profits for product creators, as well as their affiliates. As of right now, the most popular eBooks that you see being sold online are informational products, that teach people how to do something specific.

 

However, there is a new trend that is emerging in the online world that is definitely worth exploring. A few months ago, popular online book seller Amazon.com has announced for the first time that sales of eBooks on its website has surpassed the sale of physical books. Now what does this mean?

 

Not that “people don’t read” anymore, because this clearly shows that people are still interested in books. It’s just that the format of books is changing and many books, including fiction books, are increasingly being published in digital format. Amazon has capitalized on this by creating the Amazon Kindle store, which sells millions of different book titles in electronic format, as well as releasing an e-reader device called the Kindle.

 

Can this be profitable for you? Maybe. But it is definitely something worth looking at. You see, one thing that is different with eBooks is that you do not need a publisher or editor’s approval before you can market a book. Anyone can write a book and then sell it online. Are you a freelance author and want to make some money from the books that you have written? Perhaps you have submitted them to several publishers, but were turned down or simply received no reply? Well, in that case, adding your books to the Amazon Kindle store could be just the right solution for you. By doing so, you can sell your eBook online for any price that you want and it will be included in Amazon’s collection.

 

So no matter what genre your book is, whether it’s a romance novel, horror story, science fiction book or something more practical like a travel guide, you can sell it online through the Amazon Kindle Store. For many, doing so would be much more advantageous than having your own website, as most of the marketing is already done for you. The people who are browsing this virtual store are all there for the same thing: they are looking for books to buy. If you price your books attractively, say at $3 or $4, you can get some people who will buy it simply out of impulse. And if you need a bit of marketing to get your name out there as an independent author, you can leverage the power of social media to do so. There are many groups on Facebook, for example, which deal with literature and books created by independent authors, which could be a great place to showcase your work and find some people who would be interested in reading your works.

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Are MLM Opportunities a Good Way to Earn Money? Part 3

Are MLM Opportunities a Good Way to Earn Money? Part 3

Previously, we’ve seen some of the issues regarding making money online with MLM offers. But what if you’ve decided that you would like to make some money with them? Here are a few tips that will help you profit from this kind of business opportunity.

  • Don’t stay stuck on only one opportunity

If you take a look at some of the leaders in the MLM business opportunity world, you will see that they participate in various different money making opportunities. The reasons are simple: if one opportunity dries up, there are others that can be scaled up to make more money. Therefore, don’t get attached to only one program and treat MLM opportunities for what they really are: a vehicle for you to make some money.

  • Choose business opportunities with good products

The product is an important part of any business opportunity. There are certain things that you need to ask yourself about it: is it something that is really useful? Is it priced in a way that will enable you to make a decent profit from selling the product instead of constantly hounding others to become distributors? It is something that will last for at least a few years, or just a fad that will be over in a couple of months?

  • Go with MLM opportunities that do not focus exclusively on promoting to friends and family

While some people may be able to pull this off with success, promoting to friends and family is not the best way to go. Sure, a few may sign up, but if you limit yourself to just people you know, then you have a limited pool of prospects, who are actually low quality prospects to begin with (they probably aren’t interested in a business). A good business opportunity to take part in is one that will provide you with some tools and training on generating leads and prospects by advertising online.

  • Join an opportunity early

This gives you a good advantage over those who come later on. There will be less marketing material online about the business that you are in, meaning that you will be dealing with a lot less competition when you start out. Essentially, this will make acquiring leads and prospects, as well as clients who are interested in the products, much easier than an opportunity where there are already hundreds of thousands of distributors competing for the same resources.

  • Learn independently

While many MLM businesses give you some training materials on how to make your business grow, there is plenty of third part material available online for free that will teach you how to do that as well. You may even discover some things that you didn’t know and that wasn’t covered in the training materials of your business opportunity. Therefore, if you want to succeed, you need to be able to find information independently and use that information to build and grow your business as needed. Spending a few hours a week on research and learning can definitely go a long way.

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Are MLM Opportunities a Good Way to Earn Money? Part 2

Are MLM Opportunities a Good Way to Earn Money? Part 2

We have previously seen some of the drawbacks of taking part in an MLM program. While there are some ways to make money from such MLM activities, there are a few obstacles that you would need to overcome before you are able to profit from them. Here are some more:

* A lot of competition both online and offline

The thing about any type of MLM system is that you will not be the only one promoting it. This is especially the case if you will be using the internet to get leads in order to recruit participants. Simply search for the name of your program on Google. You will come up with thousands, sometimes even hundreds of thousands of results. You will see reviews, lead capture pages, information about the program, as well as thousands of different websites set up by individuals who are promoting the same offer than you. While many programs will give you access to a pre built website that you can use to get leads, simply using that will not be enough, unless you have gotten in really early and are among the first ones to push that particular program. If your website is very similar to others with the same search terms, you will simply not be able to rank very high in natural search results and will need to resort to other means of marketing your offer online in order to get the results that you wanted.

The “offline” world is not quite different. Almost every person has had a friend, family member or even complete stranger try to solicit them to join an MLM opportunity in the past. There are plenty of “Make Money Working From Home” ads in newspapers as well. Therefore, once again you will need to be quite creative in your marketing approach if you would like to stand out from the crowd and get your ads noticed to get you the leads that you are looking for.

* Being Successful with an MLM Program is Not Easy

Even though the advertising materials for them often tell you a different kind of story, being successful with an MLM program will take countless hours of hard work developing your business. Because after all, this is exactly what you will be doing: building a business. You will need to find people who will buy your products, as well as find ways to market these products successfully. You will also need to get people to join in the offer and become distributors just like you. While it looks like all you need to do is to create a pre-fab website and then let the prospects come to you, this is not how it works in real life. You will need to find ways to advertise, get leads and then spend time communicating with these leads by phone, email and sometimes even give presentations in person if you would like to recruit enough people to make you some good money in the end.

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Are MLM Opportunities a Good Way to Earn Money?

Are MLM Opportunities a Good Way to Earn Money?

One question that a lot of people who want to work from home ask is: are MLM opportunities a good way to earn some money on the internet, or are they just overhyped scams? There is no definite answer to this, as some people have built a good income from them, while others hate this form of marketing.

 

MLM, or multi level marketing, is involves independent distributors reselling products of another company. However, a large aspect of MLM is not simply the sale of products, but recruiting others to be part of the business opportunity. But there are a few issues with the industry that some people may not like. This doesn’t mean that the entire industry is a scam or that it is a bad business model. But there are some issues that you should be aware of before you join any such business opportunity. Here are some of the most common problems that you will face in a lot of MLM businesses.

 

  • Low quality, overpriced, or “fad” products

 

Ask yourself this: if the products are so great, how come they aren’t being sold through traditional e-commerce, or at retail stores? You don’t see Coca Cola or Apple running MLM programs now, do you? In a lot of cases, the majority of the money comes from recruiting new participants in the business opportunity. The products are simply there so that the whole thing would not be called a pyramid scheme.

 

A lot of the time, you will see products that are overpriced and can be found for much less than what you need to sell them for to make a profit. Or they are simply “fad” products, such as the latest hype in weight loss or beauty. Of course, it is possible to make money from a fad (think Acai Berry, merchants and affiliates made MILLIONS from it), but if your entire business is based on that, know that you are running a “temporary business” and not something that will be sustainable for years to come.

 

  • Reliance on recruiting friends and family into the business

 

While it is definitely possible to market MLM opportunities online, a lot of companies make people rely on people marketing their offers to friends and family members, telling you that they will be the easiest prospects.

 

But quite honestly, this is really not the case. Most of them will just not be interested in having a business and if they listen to your speeches or presentations, it is only out of politeness or because they don’t want to get into an argument with you if they say no. Now if you push this kind of marketing too far, you will soon be joining the NFL (no, not the National Football League… but rather the No Friends Left club) and will have people avoid talking to you. After all, if you invite someone for dinner, would you really like them to start handing out marketing materials to your family? Probably not.

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