I just wanted to clarify something about the likes of the ei42 money making program that I have mentioned in the previous two posts.I wrote that this particular program was on seven levels and this turned some readers thoughts to pyramids. And pyramid scams at that.
However, network marketing is a legitimate marketing system and is regulated both in the UK and USA. There are rules and the such but it's really all about lots of people selling small amounts of products.
It's perfectly true that pyramid selling is illegal in most countries, but pyramids are about getting paid for purely introducing new people into the business, with actual sales being unnecessary.
With the likes of ei42 members only get paid if or when people part with their cash for products. Though with this particular program members do get cashback on their own purchases, should they choose to buy anything themselves.
Years ago - good gracious 20 years ago - I was quite into network marketing and made some serious money with several companies, Herbalife being one example.
There are two things you need to be successful with network or multi-level marketing.
(1) You need to build a network (or downline) of people under you. This is from where the big money is made. It's about introducing new members into the business who also do the same. All networking companies differ but with ei42 this goes down seven levels. People you introduce, people they introduce, people they introduce and so on seven times.
Note that simply introducing others does not make money.
However, it can that it is possible, in theory, to end up with lots of people in your network/downline. Now if they all sell goods, even small amounts, this will add up to a lot of commission.
The reality is though that most recruits won't live up to expectations. This applies to most sales teams. If you make say 20 referrals only one or two will do well. The others will have every excuse imaginable as to why they can't succeed.
This also applies if you are introducing others to new affiliate programs or whatever. Lots of people like the idea of making money but few have the energy, effort and persistence to actually make lots of money. That's the way it is, you can't change human nature.
(2) Products have to be purchased, either by separate customers or by your downline. Some scams laughably talk about just introducing two people, who do the same, and so on and you'll make money. This is nonsense and only applies if sufficient people part with their cash and that everyone plays their part as expected - which they won't.
I wouldn't for one minute say that network marketing or multi-level marketing is easy - and that applies to any program. But it does work and it is something that gives the average person a money making opportunity, without laying out lots of money for a franchise or something similar. It works and it is legal but, like most things including blogging, it has to be worked at.
Okay, that's it!
Good Luck,
Mike.
P.S. Kindly nore that ei42 is for UK residents only at the present time.
Ad: Special Offers and Discounts. Over 1500 UK well known online websites where you can get cashback for your normal purchases. Examples: Argos, WH Smith, Boots, M&S, Amazon, B&Q, Next. See Special Offers on Mike's Mission Shop.
