The Money Lab

Top networking marketing opportunities, also known as multi-level marketing opportunities, run rampant on today’s Internet.  You’ve no doubt received some kind of solicitous e-mail or seen some kind of advertisement in the margins of a web site you’ve visited that talks about amazingly easy ways to earn thousands of dollars with a simple home based business. The truth behind many of these “top networking marketing opportunities” is that they are using the sign-up fees from new members to pay dividends to existing members rather than actually generating any revenue from legitimate products and services.   So no matter how much money they promise to make for you, if you can’t see any discernible product or service of value involved in the opportunity, you can assume that this is one of those “top networking marketing opportunities” that is actually an out and out scam. The truth is that for many of these top networking marketing opportunities, only one out of every fifty or...

Giving business cards is an art, not only because they are needed to be considered successful or because, in fact, they represent your corporate or professional identity, but also as an opportunity to impact your existing or prospective customers, and stay in touch with them, helping you to deal confidently. The scope of business etiquette includes considerations that many professional ignore, or simply do not pay enough attention in the belief that a business card is just a small paper rectangle with a name and phone numbers to introduce yourself.  Color business cards demonstrate that there is something else beyond a simple paper cut; otherwise, they simply would not exist. Certainly, all over the world business cards are used to provide information about a company and/or the employee or professional who holds it, as well as contact information and other details such as business acquaintances or personal details. Some of them include expressly empty spaces to write certain detail...

As the name suggests, MLM (Multi-Level-Marketing), basically involves selling a company’s product directly to the customer by way of networking. Traditional retail selling is left to the brick and mortor businesses. MLM is executed through a multi-layered distributor system where payments by the company are made to the distributors according to the distribution level they are in. Distributors are responsible for the business development and the revenue generation for the company.  The products sold are those that are used daily. Generally MLM is done by the companies that are offering products of regular use, such as, soaps, detergents, car wash, containers and cosmetics. This is not an exhaustive list, it's merely a sample. The convenience of shopping is another strong feature of MLM. Generally, MLM supports online shopping and at times even people network makes the shopping process easy. The distributor goes to the customer’s house, workplace or wherever it's convenient to bo...

Which one will you be in network marketing? The truth is the odds are against you; chances are you’ll be a statistic. Hmmmmm bet the super star space commander upline guru that signed you up or wants to sign you up told you that did he/she?  Here are a few stats that may alarm you: Did you know that 70,000 people sign up into a network marketing company EVERYDAY?  But did you know that 95% of the people that sign up into a network marketing company will quit within the first year? WHY? Well there are a lot or reasons, poor support, poor company, poor product, poor compensation plan, poor upline. But to me one of the biggest reasons is… PEOPLE HAVE BEEN LIED TO!! Most people have been lied to from the get go. Many of the people who are recruiting people into companies (hate that term recruiting) are lying to people and telling people what they want to hear so they will join their company. Now on one had you can’t blame many of these people, there’re just doing what they were ta...

Networking is obviously an essential part of network marketing. Every successful network marketer knows this to be true. Although networking is such an intricate part of network marketing, the two terms are not synonymous. However there are many similarities.  Both rely heavily on people skills. Both require people to confront their fear of talking to other people. Both carry with them the risk of rejection. Both also carry with them enormous opportunity. And to some people, both are considered dirty words.  Of course people that consider networking as something that is 'not done' don't understand what networking is really about. The same can be said of people that think network marketing is something that is beneath them. Many people think of networking as a way to get connected solely for their own advancement in life. In that respect a person might feel that it is unethical or not noble to network.  This line of thinking stems from the idea that advancement will always...