2 Main Home Business Models Available To Work From Home and Online Explained

There are two main home business opportunities available to work from home and online. They are:

  1. Network Marketing
  2. Affiliate Marketing

Its very important to understand the difference between the two:

What is Network Marketing?

Often referred to as MLM, or Multi-Level Marketing. The reason that it is called Multi level marketing you can build your own chain/team of marketers under you. This called a downline and their sales generate income for those above them in the program.

In MLM, you buy products from your supplier at a discount and then sell them at market value to turn a profit. If you recruit friends to do this as well he or she can buy their set of products directly from you.  In turn you will earn a commission.

Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella.

Network marketing programs feature a low upfront investment–usually only a few hundred dollars for the purchase of a product sample kit–and the opportunity to sell a product line directly to friend, family and other personal contacts.

This type of marketing technique can be difficult to sustain for a long period of time as retention to products and business building can be low. My advice on choosing this business model is to be very passionate about the products and use them before promoting.  Alot of people join this MLM models and find it difficult because they have come in with the mindset of just making money.

 

What is Affiliate Marketing?

Affiliate marketing is where you are not selling any products directly. You are simply the advertising board that tells people where to go and buy products. You will not have to purchase anything but you will still make money just for telling people where to go to get the product. Affiliates get a commission when the person that they refer to a a website buys something, so in this way the company is paying for a good lead and they will pay generously.

Meaning as per Wikipedia –  Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.

Some of the most-known affiliate programs are Clickbank, Udemy and Mobe. Websites like Udemy.com and Clickbank.com serve as platforms where product creators can sell digital products without having to worry about customer service, fulfilment, payment processing etc.

The threes things to look for when choosing an affiliate program are:

  1. What will you be paid
  2. How will you be paid
  3. How often will you be paid.

There is no such thing as a absolutely free home based business opportunity or any business for that matter. With a online business opportunity like affiliate models you don’t need to spend time raising a large capitial investment. The most attractive aspects of affiliate programs include low entry cost. Most require less than $3,000 to join.

This type of business model is perfect for those who are looking at retiring, would like to keep up a steady stream of income with not much effort, stay at home moms, or anyone with a entrepreneur mindset with a willingness to learn.

One of the most popular affiliate programs to start out with is called My Top Tier Business (MTTB) as its a low ticket offer where people start out. It costs $49 and you are given a 21-step training program which will take even the most inexperienced marketer and essentially give them their internet marketing stripes. Learn More About MTTB Today!

 

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