subject: Wealth Building Strategies - Internet Marketing Vs. Traditional MLM [print this page] First off, these two wealth building strategies encompass a whole lot more than a small list of pros and cons. A traditional MLM, if done properly in the right environment, can be a very lucrative strategy. And "Internet marketing" is so broad that 600 words aren't enough to demonstrate the power of an online presence. This is just the information that lead me to my decision.
Traditional MLM requires a lot of variables be in place for a person to build a home business with durability. The idea is to build a team that has two or three real rockstar distributors, that also have two or three stars below them. Traditional MLM's also typically have an inventory that you'll need to disperse to customers. Throwing home parties is your main marketing strategy. If you really love your products there can be some real enjoyment in getting some prospects together at your house and putting on a presentation.
Here's a real obnoxious term that's associated in traditional MLM; "pitch and chase". If you really love rejection and losing all your friends, this one's for you. I draw in these "pitch and chase" guys. I've sat down with quite a few MLM'ers who use this technique and got their whole presentation on a napkin. That triggered so much skepticism in me, that I'd never sign up with them, even if it was a great opportunity. OR I would have been in that zone of average failures that start and quit within a couple of months.
Internet Marketing can work with your traditional MLM but your marketing demographic opens to a much wider scope. On top of your paid marketing strategies, you'll have an endless number of marketing funnels to earn commissions from. There's a lot that keeps life interesting when you move to marketing on the internet.
Internet marketing as a stand alone tactic can also be a very lucrative option. Some offer no inventory you have to stock and distribute; instead, they offer online products (access to training, affiliate marketing opportunities, & memberships). The training avaialble in some of those programs is so good that it IS the primary product to market! You'll still need to find a primary product that you market for, but this becomes much easier when you have a list of existing customers and prospects built up through your online marketing strategies.
All in all, both can be extremely profitable, even in a recession. The money is still out there, it is just changing hands. You need to put your money to good use for you. If you are reading this article then that means that you looking for news ways to build wealth besides investing in the stock market and 401K.. They don't teach this stuff in public schools. The only thing I remembered from my economics classes is how to balance a checkbook! What a wasted opportunity for our children. We can no longer rely on the wealth building strategies we learned from our parents to educate the next generation. I know, I fell into the credit trap. We all watched our house value tumble and our 401K get decimated as the economy tanked. It is time to take over our own financial futures. Wall Street isn't going to look after us and neither is the government.
The network-marketing / MLM / internet marketing industry is thriving right now. There are tons of great multi level marketing opportunities available, from very high to very reasonable start-up costs. If implemented and marketed correctly they can be a great return on investment for LIFE!
Wealth Building Strategies - Internet Marketing Vs. Traditional MLM
