Passive Income: What’s In It For Me?

Passive Income: What's In It For Me?

Passive income is becoming more and more popular these days. But what does it really mean and how does it work?

Passive income is a type of income that is a result of cash flow received on a regular basis. It requires very little to no effort at all of the recipient to maintain it. It is a type of earning that the recipient is not materially involved in. Usually, people who are work-from-home and be-your-own-boss type of people are into this and greatly support this. The type of earnings that are usually associated with this are gains on stocks, interest, retirement pay, lottery winnings, online work, and capital gains.

Rather than getting paid for every work you’re doing, with passive income, you create something or create value so that you continue to get paid indefinitely.

Passive income opportunities for you

Nowadays, there are a lot more opportunities for people to earn passive income. There are lots of ways to earn money through passive income. You can sell products, use affiliate marketing, collect ad revenue and much more. Traditional investing is even considered a kind of passive income.

business idea, innovationIf you are someone who’s wanting to start a business to add to your usual income, passive income is definitely an option. Creating passive income is surely achievable. But just like any other type of income, it’s something that you also need to work for.

Passive income doesn’t necessarily mean you can slack off and do nothing and still earn. Passive income, in fact, requires a lot of effort and active work. For example, when you’re done with your project, you also need to promote whatever you did, deal with customer support and also work on your next project.

The truth about passive income and how to get started

Passive income can be complicated. But it is definitely possible to earn money with passive income. It just takes a lot of time and effort.

If you have a small business, or if you’re thinking of starting a new one, passive income is something worth exploring. You may think that it might not work for what you currently do, however, you may also find that there is a simple way to bring in extra money a month with a passive income side project. You might even be surprised that your passive income may already be your main source of income and you become your own boss!

business ideaTo start earning this, you need to have a business idea. And then you need to find out how you can turn that idea into passive income. Will you be using ads or affiliate programs? Create something to sell online, or make an actual product?

Passive income is not a myth. It’s definitely real. But it’s not exactly passive. It still takes a lot of work to get started. Recurring revenue is probably what it means when you say “passive income”.

There are a lot of benefits to passive income. You can work from anywhere. You can take as much time off as you like and you’ll still be earning money.

Ideas to get Passive income

Passive income happens after you do all the hard work up front. This type of income can come from assets, and assets are either brought with money or in the case of the most ideas below, brought through sweat.

Write and sell an ebook. – For bloggers and content writers everywhere, this is something that’s not to so hard to do and could be perfect for you. You can sell it through online networking, guest posting, and through your own SEO optimized blog.

Create a blog and get the affiliate links cranking – All you need to do is focus on the content of your site and getting the traffic in. Most people can already get an affiliate sale within 30 days of starting a blog.

Invest smartly. Investing is probably the easiest way to make passive income. But you have to be careful when it comes to investing. Most investments sound food in theory but don’t do so well in reality.

Build an eCommerce store and dropship. – This method is becoming popular these days. This idea is for those who are serious in making passive income online. There’s a lot of work needed upfront. But how does this work? You can find a product or products that are hard to buy locally for people, aren’t that easy to buy online, and then set up your online store.

Network Marketing. – This is the number one source of passive income that is conveniently available for most people. Why network marketing? It only needs part-time effort but it generates you a solid, full-time income. How does it work? Make sure you find the right company that has the right products that offer a fair compensation for everybody. Direct selling is one of the industries that earn billions of dollars globally.

Benefits

What makes network marketing preferable than a 9-5 job?

Jobs have bosses. When you work for a company, you have a boss. You’ll be limited to executing tasks and you’re not really allowed to do things in your own terms. Your creativity can be affected. Also, you have to follow the company’s rules if you’re working for others. With passive income businesses and network marketing, you are your own boss. You can do things without others limiting you. You get to be with a team that supports you and helps you achieve your goals.

work anywhereJobs can’t work anywhere. When you’re working 9-5, you’ll be confined to the 4 corners of your office or cubicle. When you have a passive income business, you don’t necessarily need a fixed workplace. You can work anywhere you want, at your own time. It’s up to you.

Jobs have a risk of getting fired or laid off. While others think that getting a job is secure because of the steady paycheck, however, it’s not necessarily the case. You could get fired or laid off. And it’s something that you can’t control especially with what’s happening in the recent company. If you are doing your own business, no one’s gonna fire you or lay you off. You are in full control of your business. Plus, you get to help others by reaching out and encouraging others to be part of your awesome team.

Conclusion

Nowadays, working for others may not be so secure at all. A steady paycheck doesn’t necessarily mean you have a stable job. Others may doubt the power of passive income. All you need to do is make the first step and you will find a way out. And if you want to achieve success and achieve financial freedom, RickBillings is here to guide you to follow your dreams, do your own business, and retire young.

For more information on Passive Income and how to be successful in Network Marketing, you can visit your Facebook page and also feel free to contact us anytime!

To Your Success,

The Marketing MLM Online Team
MarketingMLMonline.com

What is MLM? Multi-level Marketing Is The Future

what is mlm

What is MLM? It stands for Multi-level Marketing, a business model that utilizes a network of distributors in order to sell a product or service.

Perhaps the best way to explain Multi-level Marketing is to compare it with the traditional way of doing business. MLM companies have office buildings, diverse staff, and interesting products to sell like most traditional companies.

In order to make money, both of these companies must get products to reach their target market. How do they go about that? A traditional company relies on various advertising medium in order to get the attention of potential buyers. You can see their products in TV Commercials, posters, magazines, and many other outlets. It’s noticeable that this type of marketing strategy usually involves a huge budget.

A Multi-level marketing company, however, relies on people to promote their products. This is done through a network of distributors that are sometimes referred to as associates, contractors, or consultants. People are invited to become MLM associates by other distributors or through an organized meeting.

Should you decide to become an associate and help promote the MLM’s products, you’ll earn money from the products you sell. You are also encouraged to recruit others to join the distributor network of the company. You’ll earn a fraction from the income of your recruits and in turn, they will also earn a portion from their own recruit’s sales. This compensation plan that operates on multiple levels is what defines Multi-level Marketing. This is what separates what is a traditional approach to business from what is MLM.

What Makes MLM popular?

what makes mlm popularThere are plenty of reasons why many are getting into multi-level marketing. Most of which is because MLM is easy to get into and does not have high demands. These are probably the reasons that separate getting capital to start a small business from what is MLM.

Being a distributor does not require professional training, skills, or education to get started. All you need is a few bucks to purchase their inexpensive starter kit and you’re good to go. It’s good to know though that some of these MLM companies provide training and support.

You can do business in the comfort of your home and you don’t have to work for specific hours per week. Additionally, you are not restricted by location because you are not assigned in a specific area. You can promote the products anywhere, anytime, and in the manner of your choosing. These comforts certainly make it a good choice for those who are looking for other sources of income.

The potential of earning huge amounts of money also looks promising to some. There is no limit to what you can earn as long as you work hard. Many also mistake multi-level marketing as something where they can earn money fast and easy.

In line with earnings, you also have residual income from your downline. This money comes from the distributor partners that you recruited. On top of that, you also get a portion from the associates they recruited.

Many are also inspired by the success stories of people who engaged in multi-level marketing. With the help of MLM, these entrepreneurs were able to travel to other countries or buy their dream car.

What is MLM? The Past, Present, and Future

Not all companies rely on flashy commercials on TV or brick and mortar buildings in order to promote their products. Some companies employed salespeople who go from house to house and do some direct selling. This single-level marketing eventually evolved into multi-level marketing as companies developed and adopted marketing strategy options.

This proved efficient since there was a need to have other sources of income as expenses went up. There were also situations where having a regular job would not have been ideal. An example of such situation is a mother wanting to take care of her kids. Having a full-time job was no longer an option. A personal trainer with a busy schedule offering his clients with wellness products he got from a friend who does MLM would be another example. These situations are but a few. Multi-level marketing was able to fill a need for the people who were under tight situations.

business pie chartsThis was further complemented by the rise of the internet, specifically social media. These online platforms are shaping the way how people do business. With social media, companies and distributors can now connect to their target audience at a personal level. This kind of relationship is certainly beneficial not only to the company but also to the consumers. Companies can also interact with consumers (and potential downline partners) from all over the world in a more responsive manner. It seems as if the internet operates the same way how multi-level marketing connects to other people.

Your Future in Multi-level Marketing

As we have seen, there is future in the multi-level marketing business. Suffice it to say, multi-level marketing IS the future. With its help, many have achieved their dreams of becoming millionaires or being able to earn more than they expected. There won’t be any problem as long as you know what is mlm and what it’s focus is: Being able to move a product with the help of your very own sales force. All it asks from you is little of your money but enough of your time.

Like any other venture, multi-level marketing does not come without risks. Sacrifices must be made and, if you’re not careful, you may end up with less than what you bargained for. Others use it to take advantage of the feeble-minded and the uninformed.

With that in mind, RickBillings is here to guide you as you navigate the fickle waters of multi-level marketing. Rick will mentor you on what is MLM and on what courses of action to take that will certainly contribute to the success of your business. Learn how to promote your product and recruit people without being the pushy salesman. You are certainly in “good company” with Rick Billings, he even offers to coach you for free!

For more information on Multi-level Marketing and how to be successful, feel free to contact us anytime!

To Your Success,

The Marketing MLM Online Team
MarketingMLMonline.com

Multi Level Marketing Analysis

Multi Level Marketing Analysis

Multi Level Marketing

Multi level Marketing, or also called as MLM, is a system for selling goods or services through a network of distributors. It is also sometimes referred to as Network Marketing or Direct Sales.

MLM is a strategy that some direct sales companies use to encourage their existing distributors to recruit new people in the business as distributors also. It starts by paying the existing distributors a percentage of their recruits’ sales. The recruits are known as a distributor’s “downline.” All distributors also make money through direct sales of products to customers.

In multi level marketing, individuals sell products to the public — often by word of mouth and direct sales. Typically, distributors earn commissions, not only for their own sales but also for sales made by the people they recruit.

Is Multi Level Marketing Legal?

Multi level marketing is a legitimate business strategy. In the United States, it is legal. It is also regulated by the Federal Trade Commission (FTC). While in Canada MLMs are also legal as long as they do not conflict with the Competition Act.

Not all multi level marketing plans are legitimate. And they are not all created equal. If the money you make is based on your sales to the public, it may be a genuine multi level marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not legal. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.

By and large, multi level marketing companies are unregulated. The existing laws regarding MLM practices are vague or poorly defined. As such, prosecutions of MLM companies with offenses are long, difficult, and relatively rare. Bigger multi level marketing companies can easily afford powerful legal representation to ward off prosecutors.

How Does Multi Level Marketing Work?

The typical Multi level Marketing program works through recruitment. You are invited to become any of the following:

  • distributor
  • contractor
  • representative
  • consultant or
  • associate

multi level marketing team

It could sometimes be through another distributor of the company’s products. And sometimes through a generally advertised meeting.

If you choose to become a distributor with the direct selling company, you’ll earn money from the sales of the MLM’s products. Another, through recruiting other distributors, as you receive a portion of the income these distributors generate. And when those distributors recruit distributors of their own, you’ll also earn money on the income they generate.

The distributors that you sign up with your multi level marketing plan and the ones they sign up in turn are called your downline. The distributor that originally recruited you and whoever is above him or her in the recruitment chain is called your upline. Usually, the distributor who recruits you will give you some help getting started, including training.

What Makes Multi level Marketing Trending?

Multi level Marketing is trending for almost decade now. The main reason is is that MLM programs operate on a “sky’s the limit” promise. And some comes with a nice bit of “easy money” thrown in. If you work hard, the MLM sales pitch says, there’s no limit to how much money you could earn. And through your downline, you will actually make money doing less.

The cherry on top is that multi-level marketing is usually very inexpensive to join. But compared to starting your own business or buying a franchise, becoming a distributor is much cheaper.

What to do if you want to enter multi level marketing?

If you’re considering buying into a multi level marketing plan, make sure to get the details.

Many companies that market their products through distributors sell quality items at competitive prices. But some offer goods that are overpriced. Some may have questionable merits or are downright unsafe to use.

First, know more about what will you be selling. Make a quick research if there are similar products on the market. Is the product priced reasonably? Is it safe? Can your distributor support the claims about the product’s performance? Make sure you get answers to these top questions.

Almost any product or service could be sold through multi level marketing. These may include health, beauty, and fitness products or services that aren’t available on groceries or department stores. Apply a healthy dose of skepticism before buying or selling their products. You could check with a health professional before using or selling them.

If you decide to buy into the program and promote the products, you must be sure your marketing materials are factual. Another, that there’s a solid evidence to back up the claims you make about the products. Before you repeat any claims the company has made, verify that there’s competent and reliable research to support them. That’s the standard the FTC uses when evaluating advertising claims.

1. Learn More About the Company

Find and study the company’s track record. Do an internet search with the name of the company and words like review, scam or complaint. Look through several pages of search results. You also may want to look for articles about the company in newspapers, magazines, or online. Search for answers about the following:

  • How long has the company been in business?
  • Does it have a positive reputation for customer satisfaction?
  • What is the buzz about the company and its product on blogs and websites?
  • Has the company been sued for deceptive business practices?
  • Does your state Attorney General know about complaints regarding any company you’re considering?

2. Evaluate the Plan

Don’t instantly pay or sign a contract in an “opportunity meeting.” Take your time to think over your decision. Your investment requires real money. So don’t hurry into it without doing some research in the first place.

Ask your distributor for the terms and conditions of the plan including the following:

  • The compensation structure
  • your potential expenses
  • support for claims about how much money you can make
  • the name and contact information of someone at the company who can answer your questions

get information

Get these information in black and white. Avoid any plan where the reward for recruiting new distributors is more than it is for selling products to the public. Presumably, that’s a time-tested and conventional tip-off to a pyramid scheme.

Keep in mind that when you recruit new distributors, you are responsible for the claims you make about how much money they can earn. Be honest, and be realistic. If your promises fall through, you could be held liable even if you are simply repeating claims you read in a company brochure or heard from another distributor.

If you don’t understand something, ask for more information until it is perfectly clear to you. Your distributor and other distributors should be willing to answer your questions. Remember that your distributors and others above your sponsor’s level will make money if you join the program. So take your time. Hold off pressure in joining. Be aware of shills. Don’t fall into fake references paid by the company or distributor to pretend they were earning big money through the plan.

3. Find out about refunds.

Get the company’s refund policy in writing. Make sure it includes information about returning any unused products, including restrictions and penalties. It may seem like you’re minimizing your risk if you can return products for a reimbursement. Be that as it may, policies vary on whether you’ll get a full refund and how long it may take. Many plans require you to buy training or marketing materials. Or some may require you to pay for seminars if you want to get product discounts or create your own network of distributors. Find out how much other distributors spent on training, marketing materials, and seminars when they joined the plan. And know whether the plan requires you to participate in periodic training. Also, know what happens if you opt out of the training.

4. Think about whether this kind of work suits your talents and goals.

Of course, nobody else knows you but you yourself. Ask yourself whether you would enjoy selling products to the public. Find out how many hours a week your distributor and others spent on the business when they joined. And know how much time they spend now. Remember that no matter how good the product and how solid the plan, you’ll need to invest sweat equity and money for your investment to pay off. Consider the other demands of the business. Consider for example, going to training, recruiting new distributors, managing paperwork, recording inventory, and shipping products.

5. Ask Questions

Ask your distributor and other distributors tough questions. Dig for details. Don’t think you’re becoming too nosy or invasive. Your only objective is to check out a potential business deal that will require your money and your time.

Their responses can help you detect false claims about the amount of money you may make and whether the business is a pyramid scheme. Here are some questions to ask before making any decisions:

  • How long have you been in the business?
  • What are your annual sales of the product?
  • How much product did you sell to distributors?
  • What percentage of your sales were made to distributors?
  • What were your expenses last year, including money you spent on training and buying products?
  • How much money did you make last year, that is, your income and bonuses, less your expenses?
  • What percentage of the money you’ve made, income and bonuses less your expenses?
  • How much time did you spend last year on the business?
  • What percentage of income came from recruiting other distributors and selling them inventory or other items to get started?
  • How many people have you recruited?

It’s important to get a complete picture of how the plan works. It’s not just how much money distributors make. Nevertheless, also know how much time and money they spend on the plan. At the same time, know how long it takes before they get to earn. Also get some knowledge on how big a downline is needed to make money.

One sign of a pyramid scheme is if distributors sell more product to other distributors than to the public. Another is if they make more money from recruiting than they do from selling.

6. Ask advice from an expert

Above all, the best step to take is to ask an expert. You will need someone who can contribute necessary information for you regarding the matter. Moreover, it is preferable if that someone who has proven himself or herself in the field. In fact it is also important that the expert can provide training in the long run.

Get The Best Help in Your Multi Level Marketing Startup

Get ready to reach the peak with Rick Billings. He can mentor and help you understand what multi level marketing is really all about. Rick will help you carry out your goals when growing your own business.

Learn how to recruit more people and make sales without having to pressure your loved ones. You will also learn how potential clients reach out to you instead of you reaching them. All things considered, the best thing is that Rick Billings will mentor you for free!

For more information on what is network marketing, feel free to contact us anytime!

To Your Success,

The Marketing MLM Online Team
MarketingMLMonline.com

What is Network Marketing?

What is Network Marketing really about? It is a business model that relies on a distributor network that helps to move a certain product. It works great with people who are looking for a part-time, flexible, and secondary source of income. This is because network marketing requires a low upfront investment. In addition to that, it does not pressure the individual to hit minimum quotas. This is something that anyone can do in their spare time and treat it as a home business. Most importantly, people get to choose their own schedule and be their own boss. All anyone needs is a few hundred bucks in order to purchase a product starter kit.

At the heart of Network Marketing is the drive to be able to move a product forward. This means that an item is provided to customers at a price reasonable for both sellers and buyers. The purchase should be made because the consumer has a genuine need for the product. What’s important is to promote the product and the value it brings to the marketplace. It definitely is a good opportunity for anyone who believes in the power of the product. Aside from that, there is also some extra income to earn.

what is networking mlm onlineSome people who engage in network marketing do get a lot of money in a short amount of time. However, it should not be treated as a get-rich-quick scheme. Those people may have Lady Luck on their side. But success in networking relies mostly on following some basic business principles.

Usually, network marketing programs may also require participants to recruit members. These recruits help the participants to market the product. This made promoting products much effective. Due to this success, network marketing is fast becoming part of the new economy. Both businesses and entrepreneurs are attracted to this revolutionary way of doing business all across the world.

What is Network Marketing NOT about?

Most people tend to confuse Network Marketing with Multi-Level Marketing. In a nutshell, you should treat Multi-Level Marketing as an advanced form of Network Marketing. Multi-Level Marketing encourages you to build your own team of sales people who will also promote the product. In order for your Multi-Level Marketing to work, you will have to provide training for your sales force to prepare them into becoming leaders of their own teams.

As your sales team grows, your earnings also double. This is why other people neglect promoting the product and focus on recruiting members instead. Things get bad when companies reward their distributors MORE for recruiting rather than actually selling a product. This can lead to other problems such as requiring members to purchase their own products or harassing family members to promote the product even when they don’t need it. Some companies offer exaggerated income schemes and even employ cult-like techniques in order to entice blind devotion from its members. This manner of marketing comes off as desperate and deceptive. This is what gives network marketing a bad name.

Some regulations on franchises do not cover network marketing. Some people with dubious intentions take advantage of this. In the event that a certain network focuses more on rewarding recruiters rather than pushing a product, you may have to think twice before moving forward with an investment. Do note that there is nothing wrong with the business model per se, the real problem are SOME of the people it attracts.

Tips on How to Get Started

what is networking mlm online getting started tipsIn order to succeed in network marketing, you may have to consider some basic principles used in the direct-selling industry. Here are some of the tips that might help you before jumping in:

The Product – What is Network Marketing entirely about? It is about being able to provide excellent products or services that consumers will certainly benefit from. If you are doubtful that a product will sell, let alone prove useful, then it might not be a good investment.

The Company – How old is the company and what contributes to its stability? The older and more stable the company, the better. Being able to look freely into the background or reputation of the network marketing company is also important. Since network marketing involves recruiting other members, how fair and generous is the distribution between old and new participants? More importantly, is the company able to provide its members with satisfying support and training programs?

Yourself – When people get in to network marketing, they mistake it as an opportunity to get rich in an easy way. There are proven success stories in Network Marketing. However, it’s important to note that it takes work to build a network marketing business. You will have to learn a lot and be open to change, especially during startup, since we have business processes that you will go through.

Now that you’ve become your own boss, which could either be good or bad, you may have to leverage your time in order to be successful. It makes for a great opportunity to work on yourself and become better as the business grows with you. As long as you are willing to become the greatest version of yourself, you are on your way to a successful network marketing career.

Your Partner in your Network Marketing Startup

Perhaps, the best way to go about network marketing is to learn from the experts. You will need someone who can provide you with necessary information. It’s preferable if that someone who has proven himself or herself in the field. What’s also important is someone who can provide training for the many months to come.

Get ready to succeed with Rick Billings as he guides you and helps you understand what network marketing is all about. He will help you achieve your goals when growing your own business. Learn how to recruit more people and make sales without having to pressure your loved ones. You also get to learn how potential clients reach out to you instead. Here’s the best thing…Rick Billings will coach you for free!

So, I hope we have answered the question…What is Network Marketing.

For more information on what is network marketing, feel free to contact us anytime!

To Your Success,

The Marketing MLM Online Team
MarketingMLMonline.com