Marketing from home can give you a full-time income if you put the time into it early on, but you should know the difference between affiliate marketing and network marketing before you make a decision.
If you have been thinking about ways to earn extra income, then you should know that both affiliate marketing and network marketing can both be very rewarding and profitable.
Everyone’s personality is different, and everyone has different financial goals. What is your personal preference? What are your long-term goals?
Today, I want to share the differences between affiliate and network marketing, so that you can choose the path that is right for you to earn additional income for your family.
Why the Difference Between Affiliate Marketing and Network Marketing Matters
Okay, so you think you want to start a business from home?
I remember when I weighed my options, and at first it was overwhelming because there were so many options. This is why I want to help you understand the difference between affiliate marketing and network marketing.
Affiliate marketing. Those who choose to market as affiliates will do everything online. When products are sold, commissions are earned on EVERY transaction. The products that you’ll promote as an affiliate could range anywhere from jewelry items to home décor. Each item is different, and there will be a transaction for each item that is a one-time sale. The more products you sell, the more you’ll make. This means that you’ll make commissions based upon the goals you meet and how well you perform. Read all of the fine print before you sign up as an affiliate, although signing up as an affiliate is generally free depending on the merchant.
Network marketing. Although network marketing is similar to affiliate market, it is also very different. The one main difference is the levels needed to achieve a certain percentage of income. Network marketing companies have various levels, and they often pay based upon tiers. This is because the more a marketer sells, and the more individuals that the marketer recruits will yield them more commissions and bonuses. All network marketing companies are different, so be sure to read the fine print before you sign on the dotted line.
Affiliate marketing doesn’t have levels or layers while network marketing is built on that model. This is why it’s important to understand how these types of marketing are different.
Does one fit your personality more than another? Do you desire to take action once and continue to earn income over and over again from it? Would you rather sit behind your laptop, work anywhere and promote items that you love?
Both options are great, and they will afford you more flexibility with your time. Never commit to either one until you have researched each option thoroughly, and make sure that you know the difference between affiliate marketing and network marketing.
If you are looking for a great way to grow your network marketing business, consider trade fairs and booths. By setting up a booth, you get to display your product or service and talk to an audience who has decided to COME to an event and walk the booth space area. They may not be interested in talking to everyone, but at least you have an opportunity to speak to a semi-captive audience.
Now, a lot of people think that they have to do HUGE trade shows and put in a lot of money. That’s not necessarily true. There are plenty of smaller events in local areas that can be JUST as valuable to your business as the larger events. In fact, many of the smaller events are not only more cost effective to have a booth, they are also more productive. People are often more willing to talk at the booth for a longer period of time.
To find a booth or fairs in your area, start with a search at your local Chamber of Commerce. They should have a listing of upcoming events in your area. Call the local events to get prices for the booth spaces.
Next, do a Google search for “fairs [your city]” or “expos [your city]” to find more events. When you are calling to get information on any event, ask the coordinator if they know of any other upcoming events.
When you attend any event, whether you have a booth space or go to walk the event, ask other booth vendors what upcoming events they are aware of. They can be some of your best resources.
When you do get ready to do an event, here are some tips to follow:
Make sure you have a GOOD looking booth. This is a time where looks DO matter. Have a carpeted floor (even if it’s not a requirement). If you have a table, have it covered with a nice tablecloth with an attractive display. Remember you need HEIGHT. Varying height. Don’t have everything at one level. Make it interesting for the eye.
Have plenty of brochures, flyers and business cards. Don’t be stingy!
Have a bowl of candy out. It helps to keep people for just a little bit longer.
Invite people IN to your booth. Have an interactive display. Have an example of your product if possible. Show it in use. Make it interesting. You want people to come in and stay so you have a chance to have a conversation.
Have a raffle to get contact information. Raffle off a product or service that you have for your business. Have slips with contact information. Include spots for people to mark if they would like more information about your product or the business opportunity as well. Make sure to follow up in a timely manner.
Events are a GREAT way to gather contact information, get information in to people’s hands, and have conversations with people about your business. If the cost is a little high, consider sharing the booth cost with another member of your team. Just remember, you’ll need to share the leads as well.
The rise of the Internet has it a cinch to communicate and exchange ideas with a great number of people in very little time. The problem now is it’s easy to get overwhelmed with the tremendous amount of ideas flowing at you. It’s easy to find inspiration, but you may also be on the lookout for ideas that not only interest you but you can monetize or develop into something profitable. Here’s how to go about it:
First: Filter Out the Ideas to the Ones You Want
For many bloggers, discovering that key idea/concept started with their interests. So, first things first—answer the following questions as honestly as you can: What are you interested in? What can you think or talk about for prolonged periods of time? What would you choose to do if you had enough free time? What would you choose to do even if you didn’t earn from it? What comes naturally to you that you assume any one can do it, or you’re amazed not every one can do it? What did you love to do as a kid? If you could be or do anything in the world, what would you be or do? If, after answering those questions, you have one or a few options that answer the above questions, that’s fantastic! You’ve filtered through the multitude of ideas to find the essential ones, the ones that are close to your heart. Now, you have a better idea on where to focus.
Next: Fine-tune and Zero In
The above questions aren’t the easiest to answer, and the following may be more diffficult. One thing to remember is that sometimes it’s not about finding the right answer to a feeling or quandary; it’s more like finding the right question to ask and unlocking the best answer you can possibly give. If you have several options and interests, ask yourself: What brings you joy? Not necessarily what you’re good at, but what truly generates the feeling of happiness inside you? How would you envision your ideal life? What would you be doing? How would you being? Get as specific and concrete as you can. If money and time were no obstacle, and you had the power, how would you craft this ideal life of yours? What specific steps can you take towards creating this ideal life? Do you feel absolutely clueless about what to do at this point? Perhaps you’ve lived by what you “should” do for so long you’re not sure what you want? Then ask for the help of a good friend or family member who can give you their observations on what you like to do and what can give you joy.
Next: Find Your Monetizing Options
Say you have a brilliant idea. You know in the deepest part of your soul that that is what you’re interested in and want to explore it. For many, they choose to blog about their interests. That way they express their opinions and get to research more about their chosen topic or niche. They discover readers who have the same interests they do. They foster a sense of community because of shared likes and dislikes. Thus, their blogs or website become a venue for ideas and expression. If you choose to go via blog, there are several options to monetize it: * Sell advertising space. It’s best to opt for a self-hosted blog (with either WordPress or Blogger) so you can use specially made templates with built-in ad spaces. This is an easy way to earn once you have a set audience for your blog and favorable statistics (page views and unique visitors). * Promote affiliate products. Again, this works best if you’ve already established a set posting schedule, have good interaction with your readers on your blog, and are clear on the niche of your blog. Affiliate products work best when you have posts that complement them or honestly review them, and that they are congruent to what your blog is about. Having posts that have to do with baby formula won’t be helpful to an affiliate merchant selling office supplies. Instead, find products and services you’re crazy about, so you can honestly recommend them to your readers. * Sell products. This works whether they are physical products or online downloads, though with the former you’ll have to deal with hassles such as inventory and shipping. With online products and subscriptions, however, you can set things up so that once your customers pay the system generates the download links and deposits their payment in your bank account. These are very basic methods of monetizing your ideas using blogging as your online tool of choice, but remember: if you’re passionate about your ideas and would truly pursue them even if money weren’t a factor, then it’s worth doing. Monetizing your ideas—the right ideas—can be a lucrative venture in the long run and may even lead to you discovering more ideas!
Get Rich Radio is paying people to tune into their station! Almost sounds to good to be true doesn’t it? Thanks to the creativity of my good friend and mentor, Marshall Sylver, people are getting paid to listen to the radio.
About 6 weeks ago Marshall messaged me on Facebook and asked if he could give me a call. On that call we discussed the fact that most people won’t put forth the effort needed to actually change their financial circumstances. He then posed a hypothetical scenario to me. “What if a person could make money simply by streaming an internet radio station on their computer 24 hours a day 7 days a week.? We both agreed that you couldn’t get much more effortless than that.
Marshall went on to tell me that he was getting ready to relaunch Get Rich Radio in February of 2014. In preparation for that relaunch, he had been able to completely fill out his advertising space on the site. The advertisers would be paying him on a CPM (cost per 1,000 views) basis and he would be sharing the profits with those who were actively streaming the station.
What Marshall envisioned was being able to help an individual pay their cell phone bill or their internet bill each month, simply because they stayed logged on to Get Rich Radio. Over the next few weeks he surveyed his contacts on Facebook and everyone agreed this was a brilliant idea that anyone with a computer and internet connection could take advantage of.
Get Rich Radio Review – How It Works
In late December Marshall released the beta version of the new Get Rich Radio. Nearly 20,000 people subscribed in the first 5 days and actually crashed the server. Marshall quickly changed hosting providers and purchased upgraded server capacity to accommodate the overwhelming demand.
As I mentioned before, Get Rich Radio pays listeners to keep the station streaming on their computers. While a listener is logged in, they are earning scholarship dollars. These dollars can be used to purchase personal development courses and training offered by Get Rich Radio, or they can be converted to actual money. A listener who stays logged on for an entire 30 day period would have approximately $7 in actual cash earnings. Listeners also receive additional earnings for inviting other listeners. A listener who invites 10 other listeners who stay logged on for an entire 30 day period will receive approximately $70 in actual cash earnings. With 100 active listeners that figure goes to approximately $700. These earnings come from doing nothing more than staying logged into the station around the clock for 30 days. There is nothing to buy or sell.
Listeners are offered an upgraded membership to Get Rich Radio for $97 per month. This upgraded membership includes additional coaching and mentoring, live access to Marshall when he is on the air and a monthly 2 day conference featuring various personal and business development coaching. Referring affiliates of Get Rich Radio will earn a 50% commission on those sales.
Get Rich Radio Review – The Bigger Picture
There are some additional reasons a person may want to take a closer look at Get Rich Radio. The content offered by Marshall Sylver is some of the best mentoring and personal development training that I have ever been through. I can personally say that I have seen many positive changes in my own life, since becoming one of Marshall’s students. Simply listening to the content of the station each day will have a positive impact on your life.
Get Rich Radio is a great way to meet new prospects for your current business. Those who respond to the marketing are looking to make extra money, so you already have an opening for further discussion of additional business opportunities that may be of interest to them.
As you build your base of referred listeners and your earnings go up, you now have a passive, residual income stream that can be used for other business purposes, such as funding your advertising budget or upgrading your business building tools. You can also purchase courses with the scholarship dollars that will further the investment in your own personal development education.
For representatives of Prosperity Alliance, listeners will be continually encouraged to take a look at the program. Listeners who are coded to a affiliate in Get Rich Radio will also be coded to them in Prosperity Alliance. This is a great way for a Prosperity Alliance affiliate to introduce Marshall Sylver and Prosperity Alliance to others.
To learn more about Get Rich Radio, listen to Marshall Sylver’s introductory call.
Dial (641) 715-3412 Access code: 921595#
Then click here to get started
***Carl Willis is an affiliate of Prosperity Alliance and Get Rich Radio
Top Tier Affiliate Programs – Working Smarter Not Harder
Over the last year I’ve come to embrace the concept of top tier affiliate programs.
Don’t get me wrong, I love the concept of network marketing; however, I’ve also seen the challenges that leaders in MLM often face and the burnout that often comes with trying to keep a substantial check going. Over time attrition begins to take its toll on the leader’s organization. With the average network marketer only remaining active in their company for 2-3 months, a leader has to quickly scale up or the outflow will begin outpacing the inflow.
The solution for years has been to twofold:
Create a culture that makes people feel that they are apart of something bigger
Target other leaders who are capable of moving large numbers of people
While some leaders are able to get ahead of the attrition outflow, many inevitably see their checks begin eroding and so they start looking for the next deal that they can move their people into. Over the last four years, I have watched as some leaders have moved their teams upwards of 8 or 9 times, simply trying to protect their earning power.
This is the place where a top tier affiliate program not only becomes attractive, but makes good business sense.
What Are Top Tier Affiliate Programs?
At its core, a top tier affiliate program is a pure direct sales model that retails high ticket items. These may include such things as wealth coaching, advanced marketing training and travel. The name top tier is based on the fact that a typical sale in this type of arrangement may range anywhere from $1,000 all the way to $50,000 and all points in between.
While most top tier programs only pay on direct sales, there are some programs that will pay on a 2nd level as well. This simply means that the sponsor of the affiliate making the sale will also receive override compensation from the sale of that particular product or service. This type of arrangement is very appealing to many of the leaders coming from a traditional MLM model, because it contains a leverage element to it.
As one might guess based upon the higher ticket price of items sold, the payouts are much larger on a typical top tier affiliate program. The commission payout on an individual sale may run anywhere from $500 all the way to $10,000 or more. With these types of commissions, it is easy for the numbers to quickly add up as sales are made.
MLM or Top Tier Affiliate Programs – Which Is Better?
I find that many people are questioning whether MLM or top tier affiliate is the better way to go. While there is much discussion on this topic, let me give you some of the pros and cons that you will want to consider.
MLM – Pros
Typically low cost point of entry
Residual income (monthly autoship/subscription)
Leveraged income through multiple levels
MLM – Cons
High attrition rates
Requires high volume organizational growth
Have to constantly motivate to maintain downline
Top Tier – Pros
High commission payouts
No need to build and maintain large organizations
Build larger incomes with less people
Attracts a higher level prospect
Top Tier – Cons
Generally no monthly residuals
Pay is typically 1 to 2 levels deep
Limited product selection
The answer to the question of which is better is really a matter of perspective.
Most marketers realize that it takes the same amount of effort to generate a $100 sale as it does to generate a $10,000 sale. From a time invested standpoint, many would prefer to have a larger payout for their efforts.
On the other side of the equation is the network marketer who would prefer that sale to have the monthly residual income that arrives month after month.
Both are valid perspectives. I believe the real sweet spot lies somewhere in between the 2 ends of the spectrum.
How I Use Top Tier Affiliate Programs In My Business
As I evaluated my own business, I found myself working through the very things I described earlier.
I loved the MLM model, because it is a leveraged way to build passive residual income. The low entry point, made the business accessible to most anyone; however, at the same time, I was constantly fighting to keep people involved in the business purchasing products or services every month.
I also did the math. I knew that if i was making $25 per month on each purchase in my organization (that’s being generous), it would take 400 sales per month just to maintain a $10,000 per month income. At the same time, if I could raise that commission to $500 per sale, I only needed 20 sales per month to maintain that same income. At $1,000 per sale, I only needed 10 sales per month and at $3,000 per sale I only needed 3-4 sales per month to maintain that same level of income.
What I determined to be the best fit for my business was a combination of the two models.
Here are the 2 top tier programs that I’ve incorporated into my business.
Empower Network – While most people initially think of Empower Network as a mobile blogging platform, it is actually much more than that. Empower is a true hybrid of the two business models I mentioned above. Not only is there a potential residual commission of $125 per month for the technology platform and mindset coaching, but Empower also offers a complete line of advanced marketing courses that teach such things as how to scale out your business, how to create viral sustainability and the advanced technical skills to make a 6 or 7 figure per year income online. These advanced courses carry price points of $500, $1,000 and $3,500. These advanced products pay $500, $1,000 and $3,000 respectively. I have found that this platform provides great residual income, but it also provides exceptional top end earning potential as well.
Prosperity Alliance – Prosperity Alliance is the wealth and influence coaching products offered by my good friend and mentor Marshall Sylver. This program is a two-tier affiliate program that offers 4 courses and experiences with price points at $1995, $3995, $7995 and $12,995. Commission payouts on the first tier are $600, $1,000, $3,500 and $5,000 respectively. 2nd tier commissions are $400, $500, $1,500, and $3,000 respectively. I chose this program, because of Marshall Sylver’s skill in sales and upselling. In all of his courses that I have attended, approximately 50% of the people have made a purchase.
Over the last few years, I have spoken with many MLM leaders who like me were tired of eroding checks, endless 3 way calls and a never ending cycle of “pep rallys” just to keep their income stable or growing, even though they loved their company and products. For many of us we have found the answer in adding either a separate top tier program like Prosperity Alliance to our business or utilizing a hybrid program like Empower Network.
If you’re ready to earn bigger commissions from the work you are doing then top tier affiliate programs may be your solution.
The state of today’s economy has everybody in a state of flux. Nobody is in a more precarious position than those who are close to retirement age. Day after day more and more people over 50 are losing jobs they have held for 20 years or more. This population has been hit hard. First, the economy tanks and takes their retirement funds along with it. Because the economy has slowed, members of this population are now the first to lose their jobs, as it is more expensive to keep them on compared to a newer employee. To top it all off, these folks can’t find a job because they are competing with 20-somethings who will move back home after college and make less money. This segment of the US population is in real trouble and is looking for alternative means to make money. Many of them are turning to affiliate marketing.
What is affiliate marketing?
When you think of affiliate marketing, think of a freelance salesperson. Affiliate marketers promote products and services for other individuals or companies. When someone buys from an affiliate, the affiliate makes a commission. The great thing about affiliate marketing is that there is no physical inventory for the affiliate to maintain. You simply promote the product. The producer of the product handles the distribution. You make the sales and collect the commissions!
What will I promote?
There is no shortage of products to promote on the internet. You can promote anything from books to software, blenders, and even shoes. In order to figure out what to promote, you’ll need to determine your niche and target market. A word of caution – some affiliate products are free, but some of them require you to purchase the product first. Otherwise, choose products you believe in or have used. Your buyers may have questions about the product. You won’t be able to answer them if you’ve never used the product. Maintain your integrity as an affiliate marketer. If your buyers believe you’re merely pushing products, they won’t buy from you.
How much money can I make?
There is money to be made in affiliate marketing. HOWEVER, it’s not going to happen tomorrow. It takes time. There are a great number of affiliate marketers who make six figures annually promoting products.
With that out of the way, the percentage of commission varies by the product. The industry average for commissions is about 30%. Some products pay a greater percentage and some less. It is your responsibility to do the math to see if the product is worth your time to promote. Promoting a product that pays 20% of $97 is better than promoting a product that pays 30% of $40.
How to get started
Getting started in “affiliate marketing” is EASY! Most people know about promoting products on Amazon, but did you know that companies like Walmart, Target, and Barnes & Noble offer affiliate programs as well? Do you use Internet marketing tools such as a paid memberships or autoresponders? Odds are there is affiliate income available there. One of the best places to find products to promote is on Clickbank.com. For retailers, go to their website and scroll down to the footer. There is usually a link to sign up for their affiliate program!
This economy is forcing people to seek alternative means of making money, especially those in the retirement window. Is your 401K now -401K? Don’t wait for a traumatic event to put you in a desperate situation. Go to Clickbank.com or Amazon.com to get started on your affiliate marketing journey today!
Yesterday I was scanning through my Facebook news feed when I was introduced to FB Post Magic. Now let me preface this by saying, I didn’t know I was being introduced to “FB Post Magic” which is what makes this tool so outrageously awesome. So let me get back to the story…
So I’m going through my news feed when I come across a post from a friend of mine that contains an “awesome” video I just have to see. When I click on the post, I start watching a captivating Youtube video and the next thing I know an opt-in form appears and I’m asked to enter my information to learn more. I had just seen FB Post Magic at work.
FB Post Magic Review – Working With The Flow of FB
People go to Facebook to connect with friends, post their thoughts and share seemingly every detail of their life. What they don’t come to Facebook for is to buy and sell products. Until now, most Facebook marketing required that you send the viewer away from Facebook (which Facebook dearly hates) or you had to develop a fan page with a lead capture application built in to the fan page (which still requires the user to move away from what they were already doing).
FB Post Magic keeps the viewer on their home page news feed, staying consistent with the intent of the page. The application creates a post that can be shared, liked and commented on…the very interactions that Facebook is built on. The real beauty of this application is that you can take the viral content that you would normally share (like this one)…
….and add your marketing message to it. Imagine the sales and list subscribers that can be gathered from simply sharing the videos that are already trending, by simply adding a message like:
Enter your email to discover how you can make money sharing videos like this…
Now here’s where you should be getting really excited. Right now this tool is in pre-launch while they expand the functionality. So for a limited time, they are offering the application for $27/month.
If you’re already convinced you can pick it up here…
FB Post Magic Review – A Really Cool Compensation Plan
FB Post Magic isn’t just a really powerful little application, but it has an equally powerful affiliate program attached too. The compensation plan for this tool seems pretty straight forward at first. You earn 50% for your direct referrals, but….
then you learn that this not only includes the monthly subscription for the application, but also for the affiliate fee…and then….
…you learn that you also get paid 25% on the sales of your direct referrals and if your referrals are not affiliates the 50% commission passes up to you!
FB Post Magic has put together one of the most amazing compensation packages I’ve ever seen with any affiliate marketing product. Residual, unlimited pass up commissions.
So what are you waiting for? Click the link to get started with FB Post Magic.
Have you seen the 100% commission programs that are popping up all over the place these days. Unless you’ve been hiding under a rock for the past 18 months, chances are you have been approached (bombarded might be a better word) with sales letters screaming about a 100% commission program. Today I want to give you a few reasons for considering these programs and share with you the programs I have chosen to use in my own business.
Let me start off by asking you: “How much is your time worth?”
In the late 90’s I worked as a financial adviser for a large regional bank in the Midwest. I had a good business, but out of every dollar of commission I earned, I was only receiving 30% of the money. The remaining 70% of the revenue was split between the bank and my broker-dealer. Over the next few years a friend of mine began talking to me about taking my business independent. If I would simply make that move, I would go from receiving 30% of every commission to 90% of every commission. After a few moments of mental calculation, I knew I needed to make this shift in my business (a 300% increase in income was a no-brainer).
When I came online, a similar scenario was taking place. The products and programs that I was representing were paying 30 – 50%. Over time I realized that the only way to increase the earnings on product sales was to create your own products. The problem with product creation is that it takes a great amount of time and sufficient technical skills. This puts the product creation route out of the realm of possibility for most people.
100% Commission Lets You Earn Like The Gurus
In the fall of 2011, David Wood and David Sharpe shook up the online marketing world when they launched Empower Network. Empower Network allowed affiliates to earn 100% commission on products that they did not have to create. Needless to say, this paradigm shift rapidly gained popularity. In just the last 16 months over 100,000 people have subscribed. The “100% commission” model is now the trend in the marketing world.
I find that these programs are not only a great way to generate substantial revenue, but they work as a great front end for promoting a residual income business on the back. When a person opts in to your offer or joins your business, they have identified themselves as someone who is serious about building a home based business. By leveraging that relationship, you can expand into other business opportunities as a team.
100% Commission Programs That I Use
While there are new 100% commission programs popping up on a regular basis, it is still important to choose opportunities that have good fundamental value behind them. I currently use 4 programs that operate on a 100% commission structure. I have given you a brief overview of each one, click on the name to learn more.
7 Minute Workout – This program is built around an online physical fitness training platform. This program is designed for people of all fitness levels who want to exercise at home or in a gym. This business features front end commission and a recurring income stream.
Pure Leverage – This program features an internet marketing tool suite that gives any small business owner the tools to effectively connect with their target market, at a cost far below the market place average. This program features both front end commission, 100% product sales and recurring monthly income.
MLSP Mastery – This program utilizes training from top network marketing leaders on topics such as marketing, prospecting, recruiting and duplication. This program features both recurring monthly income and 100% product sales.
Empower Network – This is the original 100% percent platform that is built around an optimized, high authority blogging platform and high level internet marketing training. Empower offers the highest commission potential per customer of any of the programs mentioned, with the potential commissions per customer being $4,625. This program features 100% product sales and recurring monthly income.
If you’re tired of exchanging your time for small commissions, pick one of these 100 % commission programs and get started.