So what is My Take on Make Money Opportunities (part2); Update #116

Hi,

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Thursday May 7th 2009: Update #116

This Update is published three times per week for opted-in subscribers only. Publisher: Rich Sale. Your comments are always welcome – to respond to anything you read here, please just leave a comment below.

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Well I hope your week is going a bit slower than mine. Remember when we were kids and a week seemed like a lifetime! Now a week is gone in a blink of an eye. Why is that?

Any roads lets get down to business:-

You will recall that I held a survey to determine what you wanted to know and the following is part 3 of the response.

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In Update #115 I started to explore some of the ‘Make Money’ opportunities that I have direct experience with. You can see Update #115 here http://bit.ly/CPJeb if you missed it.

You will recall that we were discussing three different ‘make money’ opportunities namely MyInternetBusiness (MIB), Success University (SU) and Z2RWealth (Z2RW).

Now lets be clear they all can work very well to generate a nice amount of money for you. But there are things you must consider with them all.

MyInternetBusiness

With MIB you are selling a higher ticket opportunity so understandably the take-up rate will be smaller than for a $12/month type deal. In my experience the take-up (those who bought in) rate was 1-2% of those who showed a real interest. So if you have a lead capture page that converts at say 20% like mine do, then you need to drive 500 visitors to get 100 sign ups to get 1 or 2 paid members on your team. Now if you use something like PPC advertising then you will be paying upwards of $1.25/click. So you can do the math. There is an added problem to this that most people take a while 3-4 weeks to actually join the team. So you may have to fund 3-4 weeks of PPC before you get a return.

You also have to be prepared to put the money straight back into your ‘business’ at the start to keep it all going in the right direction. Now there are ways of offsetting these costs by selling something on the front end to generate enough to fund the advertising.

You can choose to go the free traffic route but it will take time to build traffic. If you write an article each week you will generate something like 10-15 visitors per day after 5 weeks. But if you combine this with other free methods you will start to see a return. However, you have to keep at it and not give up and that’s the hardest bit.

The final, and probably the most important thing to note is that you have to provide help and support to your team. There is no ongoing residual income with MIB so you need your immediate team to be actively signing people up. If you sign 1 new member every 2 weeks you have to consider the amount of your time they will require to get them up and running plus keeping them focussed on promoting. This is not insignificant if you sign up complete newbies.

So I would say, if you have some spare money, a bit of internet savvy and are determined to make it work then MIB is good for making more money. However, it’s not a business in the true sense and it will not be around for ever so be prepared to change to something else after a few years.

Success University (SU)

With SU you have a real product (ongoing learning/personal development) and a money making opportunity. It is far more acceptable in most people’s minds than a pure make money type opportunity like MIB. So straight away it is easier to market. Now I do not have a huge downline in SU because I have used it as a personal development package for which it is truly exceptional. However I am now starting to market it more. The beauty is that you build an ongoing residual income from your efforts. There is also a huge following and community spirit within the SU camp.

The way to succeed with SU is to take huge action and get the message in front of as many people as possible. You don’t really have to sell either aspect of SU (development or opportunity) the benefits associated with these as presented by the promotional material will sell the product for you. It comes down to whether it is the sort of thing the prospect is looking for.

The best way I find to market SU via the internet is to promote it along side other products. Personal development sits nicely with internet marketing and therefore you can market one and sell both!

The downstream overhead with SU is a lot easier than with MIB. Your team still need attention but the training calls and opportunity calls provide most of the support. You need to manage your team but it is not as technically demanding as it is with MIB.

So if you are looking to generate a long term residual income with some immediate financial rewards and you want to build a large team then SU is for you. Plus you can get a 14 day free($1) trial where you have access to the educational material.

Z2RWealth (Z2RW)

Now this is about as easy as it gets. It’s low cost, pays weekly and is even promoted for you! Now if you want to earn significant money you have to build your 4 x 8 matrix and keep on filling it because as new people are recruited they spill over to fill the available slots. It’s easy to market and designed to pay out and there are further incentives and ways to generate even more money.

It’s an ideal product to market on places such as Twitter, Facebook and MySpace. The only downside at the moment is the promotional video that takes so long to load that many don’t get to listen to it. I am thinking of doing my own which should push the conversion rate up.

So if you want an easy low-risk low cost method of making some money with the potential to make a lot if you so choose then Z2RW is a good bet.

OK so I have shown you three different types of opportunity and for each of the types I have shown there are other similar packages. Yes there are scams out there but most people who fail do so because they lack commitment and do not follow the plan. The three above are sound opportunities if you take into consideration my comments above.

Well I think that has covered enough ground for today. As ever if you need more information then just drop me an email and I will provide.

Please take time to provide some feedback (just leave a comment).

Until Sunday, To Our Success,

Rich

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