Network marketing like MLM or multi level marketing has been around for ages. So has affiliate marketing. However, what works better is a matter of personal preference. Here we explain what each of these entail.
What is affiliate marketing?
Affiliate marketing is carried out online and all affiliate marketers get their compensation on each transaction. In affiliate marketing the kind of products sold are those that are purchased only one time by the customer. Thus the more the marketer sells, the more his or her chances at gaining income online. The compensation plan in affiliate marketing is purely based upon performance benchmarks. Thus the more the sales, click throughs and registrations the affiliate marketer manages to get, the more the chances of income. The actions which will result in compensation are outlined between the marketer and merchant before starting the contract.
What is network marketing?
The compensation plan in network marketing is quite similar to affiliate marketing. However, the main difference is in the number of levels through which compensations can be achieved. The sponsoring company can pay the network marketer upto several or even unlimited levels. However, the original agreement will outline the restrictions in the maximum amount of payment as well as the maximum number of levels the payout can reach. Usually individual arrangements and contracts will differ from one network marketing program to another. This makes comparison quite difficult. The network marketer earns a direct referral fee which is a result of his recommendation of a friend or acquaintance. He may also avail a leverage fee which is due to his "downlines" referring their friends and associates into the network layers. Differences between the two
There are many differences between affiliate marketing and network marketing as outlined below:
Presence of layers: While network marketing has several layers or strata of people referring other recruiters into the system, affiliate marketing is devoid of any such layers.
Ongoing effort: In affiliate marketing one needs to put in continual efforts in order to gain sustainable income on a long term basis. However in network marketing just with initial efforts, one can continue to reap long term dividends because of the leverage fees associated.
People to people: Network marketing success largely depends on the ability to have good interpersonal skills and enhancing the "downlines" more. However affiliate marketing is more of an individual effort which focuses on gaining maximum profits through individual attempts.
Types of products sold: In the case of network marketing the kind of products sold are primarily those which will be bought by customers again and again. Thus the sale is a repeat process. However in the case of affiliate marketing the type of products sold are such that customers will buy them only once.
Ease of selling: In network marketing it is more difficult to sell products to customers. It's because supply far outweighs demand. Because of the many layers and sellers trying to sell the same product, the likelihood of the product getting sold gets diminished. In the case of affiliate marketing, it is easier to sell these products especially since they involve more than one type of product. Thus there are more choices and options in an affiliate marketing program.
Stagnation: In network marketing it is very easy to reach a point of stagnation. In other words, once the layers start to increase, the chance of selling the product reduces. This can result in the network marketing chain stagnating in terms of sales. On the other hand, in the case of affiliate marketing, although initially a lot of effort and time maybe needed and sales maybe sluggish, over time the results can be exponential sales.
Downlines: In the case of network marketing, each person has two downlines. These two downlines have two persons under them and so on. However in the case of affiliate marketing, the maximum number of layers it can go to is 5.
Final thoughts
Both affiliate marketing and network marketing have their own benefits and drawbacks. No matter which marketing method you opt for, be sure to assess all compensation plans and choose the marketing tool wisely. At the end of the day, you want to maximize your profit potential and it is solely up to you to decide which model suits you best.
Thursday, December 17, 2009
Friday, November 27, 2009
Withdrawing Your Funds From PayPal
Withdrawing Your Funds From PayPal
(For Philippine Residence Only)
One of the biggest question regarding this promo is "How can I withdraw my Funds?!?"
Well we have a good news for you! Through Union Bank!
Apply for Eon Cyber Account Debit Card! for more info visit Union Bank Website -> click here
Benefits of having Cyber Account:
1.) You can go Shopping Online
2.) Receive money abroad thru PayPal
3.) Go shopping without bringing any CASH which is mucn safer
4.) Pay bills Online! Hassle Free!
5.) Do business online!
Creating PayPal Account
Creating Paypal Account
Here's a step by step process on How to Make a Paypal Account.
This guide will walk you through the process of signing up for paypal up to verifying your email address.
How to Make a Paypal Account: Step 1
Sign up for an account by visiting the PayPal website and clicking the "Sign Up Today!" link located at the bottom of the page.
How to Make a Paypal Account: Step 2
Select your country or region and pick the account type of your choice.
Personal Paypal Account - For individuals who shop online.
Premier Paypal Account - For individuals who buy & sell online.
Paypal Business Account - For merchants who use a company name or group name.
All these account can be upgraded anytime after sign up. So it doesn't really matter what you pick at the start. If you're an individual just using paypal to buy online, pick the Personal account. If you are looking to buy and sell online or wants to earn online, pick the Premier account. The business account would be tough to register as paypal would need EIN to confirm that you are a business.
How to Make a Paypal Account: Step 3
Fill up the sign up form.We are almost there! :)
How to Make a Paypal Account: Step 4
Enroll a debit card or credit card.Paypal will ask you to enroll a credit card or debit card so you can deposit money into your paypal account. But you may skip this step and log in to your account by click the "Go to My Account" link.
How to Make a Paypal Account: Step 5
Logging in to your Account Overview. To activate your Paypal account you have to
1. Click on the verification link on your email, sent by Paypal.
2. Enroll a credit card or debit card.
Congratulations! You just created your very own Paypal Account! You can now receive money by using your email that you used in the sign up process.
PayPal WishList Earn Up To $100
PayPal WishList on Facebook
Share Your WishList This Christmas and Earn Up To $100
I believe that most of you are familiar with PayPal, if not, it's an eBay company. I know most of you are familiar with eBay- an online classified ads (like Buying and Selling).
What is a PayPal? PayPal is how individual and businesses receives money online.
PayPal is widely used in the United States but not yet in Asia. One of the best way to capture the market in South Asia is thru promotion. So here's the GOOD NEWS comes!
PayPal.com has a good to offer. Now you can earn up to $100 from Paypal Wishlist. What is Paypal Wishlist? It is facebook application ease people to buy product on their wishlist. In this program, PayPal will give you up to $100.
It’s easy to start this promo event. You just register to Paypal Wishlist program, then you’ll generate $1 directly to your earning. After that what you need to do is just referring your friend to do the same thing, and you’ll get $1 for everybody registered through your referral link. Through this way, you can earn up to $100. Easy way right?
Here is simply details on How it works:
1. You should have Facebook account. Have not yet? Register http://www.facebook.com/
2. Click here to join PayPal WishList application
3. Submit your Paypal email address at the form provided. If you don’t have Paypal account, just make one through Paypal.Com -> Click here How to Create PayPal Account
4. You get $1 after joining Paypal Wishlist
5. Create and share your wishlist to your friends
6. You’ll earn $1 for every friend you refer who add Paypal Wishlist application. You’ve got money! -> Click here Withdrawing Funds From PayPal Account
In order to qualify for this Program, you must follow their Terms & Condition:
1. Successfully complete registration for a new PayPal account within the Promotion Period or already have an existing PayPal account prior to the Promotion Period. If you don’t have Paypal account, just make one through Paypal.Com
2. Submit to PayPal via the Paypal Wishlist and within the Promotion Period, the email address to which your PayPal account is linked;
3. Be at least of 18 years of age, and have a PayPal account with a valid registration address in relation thereto located in India, Thailand, Malaysia, Korea, Vietnam, Philippines, Indonesia or Singapore (“Eligible Countries”);
4. Have a PayPal account in Good Standing, with current contact information throughout the Promotion Period. In order for an account to be deemed in Good Standing as that term is used herein, the account must not have a hold status and/or be suspended or past due as of December 31, 2009;
5. Complete the downloading of the Paypal Wishlist, and use the same to create a PayPal WishList, within the Promotion Period.
You will be entitled to $1 USD for your own Paypal Wishlist, plus an additional $1 USD per friend who uses your invitation to create his or her own PayPal WishList, provided your friend has a PayPal account.
Each person is only entitled to create one (1) PayPal WishList. For the avoidance of doubt, in the event your friend receives more than one invitation, only the person whose invitation is used to create the former’s PayPal WishList, will be entitled to the $1 USD.
You will be notified by PayPal no later than February 28th, 2010, via email or any other method as PayPal may from time to time determine, of how much you have earned.
Prizes will be credited to your PayPal account as per your submission to PayPal via the Paypal Wishlist, no later than February 28th, 2010. If you do not provide Paypal.com with this, Paypal will not be able to deposit your earnings.
To submit the PayPal email address you would like linked to your PayPal WishList, go to the Paypal Wishlist and click the link below to the ’submit your email address’ in the upper left side of the page. Any cash prizes to be paid to your PayPal account, will be credited in the currency as set out herein and currency conversion fees (if applicable) or any other related fees, will be borne solely by you.
Join now, refer your friend, and get $100. So simply!
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