When the internet was a rather new concept for the average home, network marketing businesses were one of the few choices people had for online income. While that has changed in the 21st century, some people still have mixed feelings about earning income within the scope of a network. There are several factors you must consider in order to determine if being part of a network is the right type of online business for you.
One of the most important factors to keep in mind before you make a decision on the type of online business you want for yourself is the type of income you are seeking. While a network business can provide some form of immediate income, they are designed primarily for those who want a residual income. The idea is to bring more people into your network and generate income from those new prospects.
There are several types of incomes within a network marketing business—sometimes as many as seven or eight different income streams. These income streams originate from money you earn as a sponsor based upon the sales volume of others within your network. These income streams flow upward to you from those you personally sponsored as well those within that network. This source is only one of the income streams you are likely to find within a networking business.
Bonuses for various sales levels comprise another income stream. These will vary within different organizations, and is based on the achievement level of each person within the network. Your achievements will increase based on the total sales volume of the network as will the amount of your bonuses.
The dollar value of the income streams is progressive, and this includes the residual income. If you are looking for something that will allow you to retire while you are still young enough to enjoy it or will just provide a comfortable retirement income, this type of business will help you reach those goals. However, if you are looking for immediate income to meet current needs and desires, you may wish to look to something more in the area of e-commerce and online sales.