So what’s the take on Make Money Opportunities; Update #115

Hi,

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Tuesday May 5th 2009: Update #115

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 provide a comment below.
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I hope your week has got of to a good start. Yesterday was a Bank Holiday in the UK so today has a real Monday feel to it. Because of the Bank Holiday  I decided not to write the Sunday update. I had spent most of the day moving into my new office and getting all the computers etc talking to each other.

So lets get down to business:-
You will recall that I held a survey to determine what my subscribers wanted to know and the following is part 2 of the response.

Today I want to continue our mini-series on how to choose your online business by starting to discuss some of the different types of ‘make money’  opportunities that are out there.

Now let’s be clear there are a vast number to choose from and there is no way I could talk with any real authority on all of them. So I am limiting my discussion here to those opportunities that I use, have used or have explored in detail.  Let’s also be clear that I am not recommending you should take this route. I have included this because many of my subscribers want to sign up to some type of opportunity. Now I do have some strong views based on my experiences which I will share with you.

So you want to join a make money opportunity, but which one should you choose? This type of programme is something you sign up to and then make your money by selling it on to others. They come in all shapes and sizes some have a large start up cost some are low cost. Some are a one off joining fee, others are a monthly fee and some are a mixture of both. In general the rules are that the higher the compensation per sale then the higher the buy-in cost, if you have to pay monthly then you will probably be able to earn ongoing commissions from those you sign below you. Obvious really because these types of programmes are self funding. So all of what you pay to join has to be spread amongst all those who reap some reward from you signing up.

Now there are three main things to consider in terms of compensation plans namely what you get paid by who and how often. By this I mean what you get paid for those you directly sell to. Also do you get paid something if someone you signed up signs up someone and how many levels does this go on for. The how often is exactly that the frequency of payments.

So what sort of return can you get from a business opportunity. Well this does vary.

With MyInternetBusiness it costs $2,995 to join but you can earn $2,000 per direct sale and $500 from your immediate team for each sale as a one off payment with no residual income.

For something like Success University it costs $149.95 to join and $49.95/month ongoing you get paid $20-$40 for each person you sign up and an amount on sign-ups below you to infinity! You also get residual ongoing payments of up to $40 per 6 qualified sign ups. This basically means that if you have 150 students below you you can earn $1,000 per month residual.

For a low cost opportunity you could consider something like Z2RWealth which is $19.95 to join then $12.95 per month. You get $4 one off payment per new member you sign up. Its a 4 x 8 matrix (4 wide x 8 deep) and you get paid $1/person/month below you down to 8 levels.So at level 5 you can get $1,024/month residual. The beauty is that the firm actively advertise and allocate new people in your matrix. So in principle you don’t have to promote the opportunity yourself. However you will get richer faster if you do.

Now there is something worth saying about each of these opportunities which I will provide on Thursday and I will also throw some others on the table for you to look at. But take a look at each of these (I am not asking you to sign up just take a look at the offerings so you can understand what I am talking about on Thursday)

Well I hope that this has provided a useful background into ‘make money online’ type programmes.

Please provide your feedback at the survey (2 questions) here or just leave a comment below.

OK well that’s it for now.
Look out for the continuation of this on Thursday

To Our Success

Rich

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