....is the buying and selling of goods and services, including the transfer of funds through digital communications. The buying & selling over the internet. E-commerce also incorporates all inter-company & intra-company functions (such as marketing, finance, manufacturing, selling and negotiation) that enables commerce and e-mail, file transfer, fax, video conferencing, workflow or interaction with a remote computer. (EC) includes electronic funds transfer, smart cards, debit cards, credit cards and all other ways of doing business over the digital networks.
Internet marketer & Home based business entrepeneurs....
....have become leaders in educating & facilitating the growth of the internet as they pioneer new ways to support their network organizations. By providing their associates with instant worldwide communication. It has allowed them to develop additional business through e-commerce as well as ways to build & growth their individual businesses.
What is this INTERNET MARKETING / HOME BASED INTERNET BUSINESS thing?
Traditional marketing involves moving a product through the standard corporate structure of middle-persons from manufacturer to the consumer. All these extra hands.......wholesaler, retailers, etc., earn a profit for handling the product along it way. With internet marketing/home based internet business these positions are unnecessary. The functions are simplified and the profit that would normally go to these middle-persons are instead shared by the individuals (also known as distributors, affiliate or referral marketer). It is a efficient way to distribute products and a more powerful way regular people to earn an income.
How do individuals operate in this environment?
Through business concept called Network marketing. Where individuals create a business of their own, by building a network (LIST) of constant follower, visitors & distributors through which a company's product or service makes its way to it's end destination....the consumer!
Network marketing (NM) & Internet marketing will consist of any one or all of these internet business models
-- Affiliate programs, Referral marketing, Direct marketing, Multi-level marketing (MLM). Which utilizes a combination of direct marketing & franchising. Typically, individuals become associates with a parent company in an independent contractor relationship. Sellers are compensated based on their sales of a product or service, as well as the sell of those they bring into their business (their down-line). Multi-level marketing has a recognized image problem because of the difficulties in making a clear distinction between a legitimate network marketing & illegal "pyramid schemes" or Ponzi schemes.
Nonetheless, many NM/MLM businesses operate legitimately in all fifty U.S. states and more than 100 foreign countries. In a legitimate MLM company, commissions are only earned on the sale of products or service to the end consumer who, may or may not be a distributor. You will build a network in a network marketing holding company that represents hundreds of network marketing companies, which gives you access to many high quality products at wholesale pricing and keeps your network diversified. This protects you from downturns and fluctuations in the different markets. All purchases funnel back into the holding company's massive computer systems, which scans for group volumes and pays you a weekly or monthly bonus. These bonuses & incomes earn from sales can be automatically deposited into your electronic bank accounts (Paypal, Alertpay,etc.,).
Fortune 500 & New York stock exchange companies such as AVON, with world wide sales in excess of $5.5 billion - through 3.4 million representatives in 139 countries. Other major player are in the Health & Nutritional(wellness)industry but more & more technology based companies (video e-mail, VoIP, phone service, etc.,) are beginning to become exclusive to the network marketing industry. Simply because of it's unique ability to rapidly penetrate a wider segment of targeted consumer marketplace. Network marketing has even pioneered a number of today's most successful & vital products & services.
Word of mouth plus the POWER of the Internet!
How often do you recommend a great movie, a good book, an excellent restaurant or even a brand name product you feel is a superb value? All the time, right! And, yet, have any of these companies ever paid you for the powerful, persuasive "advertising" you did on their behalf? This is what Networking marketing/Affiliate, referral marketing is really about.
You need customers who believe in you & your product. You must tell your story to people so they'll take action. Advertising/marketing was the traditional approach (newspapers, flyers, TV commercials . The reason why business' spend 20%-50% of their entire income/profit on advertising is without it, they'd go out of business.
There's a better way, a new sheriff in town.
And its name is Word-of-mouth advertising also known as Affiliate/Referral marketing. People believe a trusted friend's recommendation when they wouldn't even listen to a $50 million ad campaign. Network marketing is simply a systematic approach that harness the awesome power of word-of-mouth advertising....and asks the question, "Why not get paid for something you do so naturally." Now, team that up with the POWERFUL tool of the internet....Internet marketing! The use of the internet to advertise and sell merchandise or services. This involves use of websites and e-mails to inform customers about a product, answer their question and accept their order directly through electronic medium.
Multi-level marketing businesses let you earn money based off the products you sell, and sometimes a percentage of the cost of those products sold by people you refer.
You want your business to……..
- sell something in exchange for capital
- product or service you earn money from on actual sale of a products, not just from endless recruiting of other people.
- Sell to an end user someone who wants the product or service only as a USER (the consumer). He is spending without expecting a financial gain.
REAL TALK
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