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Hello {FIRSTNAME},
Welcome to all of our new subscribers!
In this week's edition of eTips, MaryAnn Shank, of YourNetworkMarketingCoach.com,
will assist you in creating streams of income.
I hope you'll enjoy the publication.
To your success!
 Network
Marketing -- Creating Streams Of Income
By
MaryAnn
Shank Copyright © 2008
"Network marketing" used to be a dirty word. It used to mean MLM. Period.
Not so any more. "Network marketing" is a whole new game. Simply put, it
is a dynamic way of building an internet business with multiple streams of
income.
For example, let's take a basic online store. Perhaps a book store specializing
in romance novels. Doesn't sound too profitable, does it. Let's see what
this store can do:
o AdSense
o Charge for editing books, perhaps even for reviewing them and featuring
them on the site
o Put Amazon ads on site
o eBay ads for all things bookish
o Write your own ebook on how to get published and sell it
o Affiliate with a company that will print hard copies of the books
o Feature art pertaining to your books or the writers
o Find other affiliates who have bookish things, perhaps even bells, books
and candles
o Locate affiliate for the "romance" of the website. Perhaps flowers or
chocolates or diamonds
o Sell the books themselves!
Now, instead of just one possible income stream, there are ten! Now THIS
is a real business.
In building your Network Marketing business, there are two things you need
to keep in mind, no matter what your product area: find the right niche,
and diversify your streams of income. If you can accomplish those two things,
you can have a successful online business.
Here's a quick summary of some of the income streams that you might consider
for your website:
EBOOKS. Write your own, or see what others have written. "Jiffy books" do
pretty well. These are short, 10-20 page ebooks, that sell for under $5.
Also check ClickBank. ClickBank authors tend to be pretty generous with
commissions, so if there is a good ebook there, promote it. You can also
do both: write your own AND feature ebooks that others have written.
PUT ADS ON YOUR SITE. AdSense is the biggest company doing this, but there
are others. You place blocks of ads on your site. They are easy to set up.
All you do is decide how you want the ads to look, and place the code in
the right spot. Easy peasy. Whenever anyone clicks on these, you get paid.
The rate of pay is determined by your topic, and the page the ad is on.
AFFILIATE MARKETING. Another company has a product you like. You see they
have an affiliate program. That means that you can show it and sell it on
your site. Every time you make a sale, you get a commission. The money
transaction is handled by the merchant, so you don't need a shopping cart.
Check out Commission Junction for a slew of affiliate based products. You
will need to sign up, but it is free. Linkshare is another big company. Also
check out Affiliate Programs and the Direct Selling Association.
CREATE A MEMBERSHIP SITE. Do you have special knowledge in a unique field?
Let members pay to join and offer them premium knowledge, products and
networking.
BRING EBAY INTO YOUR WEBSITE. You can set up your own eBay store, featuring
the types of products that your visitors would like. A cake decorating site
could sell molds for devils on the page about devils food cakes! eBay has
so much to offer that they sky is the limit.
CREATE AND SELL YOUR OWN TRAINING
PROGRAM DVDs. Sometimes visual works better than written material. If that
is the case for you, create your own training program. You can sell them
as a download, or in hard case DVD, or both.
CREATE YOUR OWN SHOPPING MALL. Thousands of different kinds of products lurk
in different shopping malls, from teddy bears to samurai swords. Track down
your vendors and create your own very unique shopping. Once you start looking,
you will be amazed at the variety of product you can offer.
JOIN A TRAVEL COMPANY. For all travel sites and geographically oriented sites,
this is a must. And it's a nice source of income. A travel site is a natural
for network marketing, and would include many of the other streams of income
that we note here as well.
PROMOTE YOUR SERVICE BUSINESS ONLINE OR SELL YOUR OWN PRODUCT ONLINE. From
massage parlors (the legit kind) to dentists to attorneys, there just isn't
a corner of the business world that couldn't benefit from a good website.
Have online coupons for your customers, both from your business and from
affiliated businesses. Or do you create jewelry? Write children's books?
Design stained glass doors? The internet is made for you. Nowhere else can
you reach such a wide audience, at such a low price. And it's not just for
"creative" folks. One of the most successful webmasters I know sells kits
for people to set up their own concrete driveway contractor business. Honest.
GENERATE FINDERS FEES. Real estate finders fees may or may not be an option
in your area. But if you bring an artist a new client, that should certainly
generate a finder's fee. Look for companies in the same general area of interest
as your website and cut your own deal.
ACT AS AN AGENT FOR OTHERS. A very successful lady books rooms in local inns
in a remote island, and earns very nice commissions doing it. Her site attracts
the guests, and she forwards the requests for rooms to her clients. Another
webmaster books trips to Australia. He doesn't actually do the booking himself;
he just forwards the request to other agents, and collects his commission.
Both are great network marketing options.
SELL ADVERTISING ON YOUR SITE. Unlike a newspaper, you've got all the space
you want. So sell some of it.
CREATE YOUR OWN AUCTION. When you've got a specialized product, let others
bid on it. Setting up a whole auction site like eBay is very expensive, but
you can do "blind bidding", i.e., let people submit bids without knowing
what others are bidding. Results can be quite nice with this approach.
You want one more way to make money with your Network Marketing online business?
Okay ...
MLM. Multi level marketing is not always the best option. But once you find
a good company to work with, it cannot be duplicated anywhere.
This is truly the beginning of making money in your Network Marketing online
business. I am continually amazed at the creativity of entrepreneurs who
earn money with a Network Marketing online business. Everything I mentioned
above has at least a dozen variations on it. And there are dozens and dozens
more ways to make money.
Remember, too, that none of these will do you any good at all without traffic
to your site. First build your traffic. Then you can sell. Statistically,
only about 2% to 5% of visitors will buy anything. So, based on your product
mix, figure out how much traffic you need to generate to be successful.
Build your monetization slowly. And don't be afraid to fire companies that
don't work out. There are lots and lots of choices. Find your best matches.
About the Author:
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