Thursday, December 07, 2006

How Your Home-Based Business Can Earn Income Through Seven Payment Methods

How Your Home-Based Business Can Earn Income Through Seven Payment Methods
Copyright © Monique Hawkins

If a person is going to earn residual income with their home-based business,
then one of the first things they should understand are the payment methods used.
income. Nobody gets into home business opportunities that is not
interested in making money, so it is only smart for a person to understand
how they will be paid that money. There are seven ways generally used to
pay out residual income. Some ways have been very successful, but others
have not. That is why it is so important that a person has some idea about
these methods before getting started in any residual income opportunity.

In the beginning the main payment structure for residual income was a
uni-level matrix plan. This was also known as a pyramid. This method
hinged on getting people to sign up in multiple levels. The original person
would be on top of the pyramid and rely on those below them in their pyramid
to make them money. If all worked out then the person at the top would make
a great income, but this type of plan is hard to build. It relies on people
to keep recruiting and building that down line. It rarely works out because
the person at the top is usually the only one making money, which is why
newer payment methods were developed.

A forced matrix plan is the most common. Forced matrix plans also have some
other additional payment methods associated with them that makes earning
potential much greater. The basic forced matrix plan is like a uni-level
plan, but each level has a limit of people. For example, the people the
person recruits are limited to only 5. Then if they recruit more they fill
a new level. This ensures everyone is making money. Under a forced matrix
a person may also earn bonuses. There is a fast start bonus where a person
earns an incentive to get as many recruits as possible within a limited
time. They then receive a nice bonus pay out. There is also a sponsor
bonus where a person gets a little extra bonus for every person they sign
up. Matrix plans are also set up so that once a person recruits enough
people they can then leave their original sponsors team and start their own.
To prevent the original sponsor form losing out they earn a breakaway
bonus where they still get a commission from the team that became
independent. This helps everyone to work together and help each other
instead of trying to keep those underneath restrained so they can not
recruit too many people and break away.

The type of payment in a residual income opportunity can be confusing.
There is always a lot of talk about down lines and commissions. It is
really important for a person to make sure they understand the payment
method. It is the bottom line of any residual income opportunity. Many
opportunities have fallen by the wayside because they did not have a string
payment method. By making sure the payment method is understandable and
logical a person should be able to feel comfortable with their chosen

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Wednesday, December 06, 2006

How To Make Smart Choices When Promoting Your Home-Based Business Online

Copyright © Monique Hawkins

Part of making a good residual income online is learning to use the internet
right. There are many ways a person can use their website and the internet
to create residual income, but not every way will produce a really good
stream if residual income. If a person learns the right way to use their
website and the internet, though, they can expect to earn a steady stream of
residual income online.

When the internet became a mainstream way to do business it opened a world
of opportunity to entrepreneurs. The internet is a world wide marketplace
that never closes. A business can literally sell everyday, all day,
forever. The problem, though, is that the internet can also be confusing
and many people fall into the trap of not using right or using it to its
full potential. The best online business are run by people who understand
how to use the internet to its full potential.

Websites are great sales tools, no doubt. They are also very easy to
misuse. A website must be professional looking and easy to use. In trying
to create a great website these concepts are often lost. If a customer can
not find their way around the site they will click away and may never
return. The same is for an unprofessional website. People need to be able
to trust and believe in an online business. They are not seeing any
physical product or storefront, so it is essential they build faith in the
business or else they just won’t shop there.

The internet is a great tool for communicating. However, many times people
misuse the communication abilities. Email is often times horribly misused.
That is why almost every email provider now has spam guards that send
anything that may be spam to a special box or deletes it. Many times
businesses get caught in spam guards and people never get the email
communication. The best way to avoid this is to approach customers in a way
that allows a relationship to be built. If a relationship is established
they are more likely to open an email from that company instead of hitting
the spam button.

The internet should be a tool, not the sole existence of a business. It
should be used to communicate with customers not in place of a real sense of
communication between the customer and business owner. The lack of a
personal touch on the internet is its one main downfall. Some people even
avoid online shopping all together because of this. So the best way to get
the most from the internet and websites is to use them to build a good
relationship with the customer. If a business owner is smart about using
the internet then they should be successful in building an online residual

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Tuesday, December 05, 2006

The Key To Making An Online Home-Based Business Work

Many people think an MLM business is set up to run on its own and generate a residual income. The fact is that it takes some work to make that MLM start building a residual income. Nobody gets rich overnight from an MLM. It takes more than signing up to get started and get going. Combine that with the fact that most MLM’s run soley online and many people give up before they even get started because they do not understand how to make it work. There are a few keys a person needs to know to make an online residual income work.

Making a good choice is the first step to MLM success. A person has to choose something they are interested in and something they think they can get others interested in. If a person seriously believes in a product then they should have no problems telling others about it and telling them why
they must buy it. It makes it much easier to start with a product and company that a person can stand behind then having to start by convincing themselves that it is worthwhile. It is a waste of time trying to build up belief in something when there are plenty of opportunities from which to choose. A person should look around until find the one that suits them.

Getting marketing help is part of what an MLM is about and a key to success in an MLM. An MLM is supposed to be a team effort. A person needs to understand that they should go to those higher up in the company and get help to build a good marketing campaign. Those who are already successful
with the company have some amazing things to share. They make pass on tricks and tips for creating a profitable marketing campaign. There is no reason to at it alone when help is so openly available.

Thinking big is a must in an MLM. A person needs to take advantage of the internet and seek out customers and team members form all over. The larger an area covered the more possibilities. By taking advantage of the fact that the internet allows a person to market all over the world, they can build a team and customer base of people all over the world, thus expanding their business.

These three things are keys to making an MLM a success. By following through on them a person will find they can make an online residual income business work. Online business is world’s away from business off line. There is just so much opportunity that it would be a waste to not use it all. These three keys make use of everything the internet has to offer a business person.

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Monday, December 04, 2006

An Alternative Home-Based Opportunity Non- MLM That Still Produces Great Money

Is there such a thing as an alternative residual income home business opportunity to an MLM that still produces great money? Yes, there is and it is e-books. Almost anyone can create an e-book and turn it into a residual income. It only takes moderate writing skills and knowledge on a popular topic. This type of residual income business opportunity is a great alternative to MLM’s because a person has more control over their business.

MLM’s have been the major source for residual income because they are easy to get started in and are already proven to be successful. For some people, though, building a home business that can produce a residual income is something they would like to do, but an MLM just is not for them. Maybe they like the challenge of building their own residual income opportunity or maybe they cannot find a MLM that they are passionate about. Whatever the reason, it is possible to find a great alternative to MLM that produce comparable income results.

E-books are a residual income opportunity that is still an untapped market. Many people are starting to see how a simple e-book can start making them residual income easily. An e-book is based upon something a person is knowledgeable about. They do not have to be a professional writer, but it helps to understand grammar and spelling. If a person really is not confident in their writing they can hire someone to ghost write it for them at a one time nominal fee. As long as an e-book has useful, informative information, it can and will sell.

Making an e-book into residual income is easier than writing it. Once the book is written the person needs to market it. Once word gets out about this exciting e-book it will begin to sell. It is just like an author of any book selling it. Every copy will make money. Although, unlike an offline book, an e-book is sent through a computer file so there is no shipping or printing costs, so it actually is more profitable. If a person grants resell rights to others they can then set up a simple affiliate program to help sell their book. Their affiliates will market and sell the book. All the author did was spend the initial time writing it and now it will earn them money again and again.

E-books are a fun alternative to other residual income home business opportunities, like an MLM. They are an original work that a person develops himself or herself and then gets to earn money from it. It is gratifying and profitable. E-books are just a great choice for someone who wants residual income, but would rather not join an MLM.

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Sunday, December 03, 2006

The Best Home-Based Residual Income Comes In A Stream

The Best Home-Based Residual Income Comes In A Stream

A residual income stream has nothing to do with water. It is actually when
a person uses multiple residual income programs to build a nice income.
They join more than one program so they are getting income from more than
one source forming a stream of income. This stream of residual income is
literally fed by all of the programs. It helps a person to have a secure
and steady income. Every person interested in building residual income
should look into building a residual income stream for maximum profits and

Multiple stream of income is an idea that is nothing new. In fact, there is
an old saying that kind of explains the whole idea behind it - don’t put all
your eggs in one basket. What this means is not to invest yourself in one
idea, instead have a few different ideas. That way if one fails the others
are still there. When it comes to business it is easy to see why this
concept is important. If a person invests all their time and efforts into
one business opportunity and that fails then they are in trouble.
Additionally, having multiple streams of income allows a person to earn more
money. They can work on all the different programs and earn from each and
every one at the same time. When it comes to residual income it is easy to
have multiple streams of income.

Multiple streams of income can be developed by signing up for a few programs
at one time. The programs can all be put on one website and marketed
together, so it is not any extra work. By using a website as the central
hub for all the programs. It helps to keep everything in order and just
simplifies the management of all the programs. In order to run all the
programs off one site a person can either create a custom site for each
program or link the site to their affiliate sites. Doing it this way also
means the person can add new programs easily in the future should they
decide to or should they choose to quit an opportunity. There will be no
need for new advertising to be implemented or to build up a customer base as
it will all be in place all ready.

Multiple streams of income is a good idea in the unsure world of internet
business. Internet businesses have gotten better since the rise and fall in
the early 90’s, but it is still new and businesses still can fail. By
giving oneself options a person can make sure they enjoy a steady income.
They can avoid being left without any income if a business does not work

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