The One Bite At a Time Principle

Written by Albin Dittli

On ofrepparttar best ways to become financially free is to have residual income coming in from several sources.

Perhaps easier said then done. You hear it allrepparttar 122534 time, "I can't afford to join a whole bunch of companies now" or "It's to hard to promote several companies at once".

Rememberrepparttar 122535 old riddle about how do you eat an elephant. You knowrepparttar 122536 answer, "one bite at a time."

Lets userepparttar 122537 one bite at a time principle to create multiple streams of residual income. We will use network marketing companies to do so.

Residual income is income that you create once, and then it keeps coming to you on a regular basis. It is a way you can leverage your time and investment. You work to buildrepparttar 122538 income, which takes marketing time. It may take a monetary investment, depending on whether you are using free or paid marketing methods.

Here we are defining network marketing companies as those programs that have a monthly cost on which they pay a monthly commission. It is this monthly commission that will provide you with long term residual income.

Affiliate programs are notrepparttar 122539 same. They are usually a one time sale. Some do offer multiple products, but you cannot count on continued sales for residual income.

This is not to say that you can't make money with affiliate programs. You can make money with them. They just don't fit real well withrepparttar 122540 one bite at a time principle.

Most network marketing companies pay their highest percents onrepparttar 122541 lower levels, like levels five and lower. They pay quite low percents on levels one and two. They justify this by saying you have very few members on level one and two and a great many (eventually) onrepparttar 122542 lower levels, so their program is maximizing your income. That might well be true, but only after you have built a very large organization. That could take months or years.

Other network marketing companies pay a high percentage on level one or two. Their philosophy is to help you get a decent check fairly soon. A few pay around 33% ofrepparttar 122543 selling price on level one. If you receive 33% for everyone on your first level you will be breaking even with just three members on your first level.

These are hard to find, however they are out there. Check outrepparttar 122544 company as best you can. Check ifrepparttar 122545 product or service has real value. If it looks good, then join it. Your goal is to recruit enough members so that you are breaking even.

The Multi Level Affiliate Program (MLAP) FAQ

Written by Terence Tan

What is a Multi Level Affiliate Program(MLAP)?

A MLAP is an affiliate program that is free to join, and pays affiliates a commission when they make a sale, as well as when subaffiliates under them make sales.

How is a MLAP better than basic affiliate programs for webmasters, ezine publishers, and forum owners?

When affiliates promote products using their affiliate links on their sites,only a small percentage of visitors/members/subscribers will end up buyingrepparttar products.The other "impressions" are wasted. Because MLAPs are free to join, a proportion of these "wasted" visitors will sign up as subaffiliates to sell products to their freinds and contacts. As a result, when they subsequently make sales (or recruit further subaffiliates),repparttar 122533 original affiliate member gets paid a leveraged, passive income through no further effort on his part. Depending onrepparttar 122534 number of levelsrepparttar 122535 MLAP incorporates,repparttar 122536 potential for profit could be HUGE, at no risk!

How is a MLAP better for merchants than traditional affiliate programs?

While basic affiliate programs are a wonderful no risk, cost per action way for merchants to make sales, their popularity has resulted in a huge abundance of different programs, each competing forrepparttar 122537 same, limited number of affiliates to promote their products.In fact, recruiting affiliates has become almost as hard as making sales for many merchants. MLAPs offer merchants a way to make their programs and products stand out fromrepparttar 122538 crowd, to recruit new affiliates much more quickly and effectively, thereby boosting their "sales force" and eventual sales and profits.

How is a MLAP better than MLM for affiliates?

While MLAPs haverepparttar 122539 huge income potential of MLM programs due torepparttar 122540 use ofrepparttar 122541 leveraged downline concept, because they are free to join, they present a zero risk alternative to people wary of losing money in poorly executed MLM programs.

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