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Why Start A Online business?

 

Why Start A Online Business? --Easy start-up, Little or no Expense
Why Start A Online Business? –Easy start-up, Little or no Expense

Why Start A Online Business

With the economy not at its best at this time, due to the pandemic and many closures of business and loss of jobs,  People are constantly thinking of new ways to generate income. Even though the competition is enormous, many people are starting online businesses.

The unfortunate truth ist The majority of business opportunities, no matter how good they might sound, end up being a complete loss due to the nightmare of high expensive overhead, slow scalability, and low margins.

Online businesses, however, can be very appealing because they don’t have the traditional hurdles that most traditional businesses face. In my opinion, online business is one of the better ways to invest in a business

There are several reasons why online businesses are the best investment entrepreneurs can make, I have listed a few.

Earn Money Online The SMART and Legit Way

Low start-up cost

Most online businesses are built with low start-up costs. You can start for very little or free and grow your website, or any online business and over time, adjusting your online business to how your audience interacts.

Once you are set up and ready, your business is open 24/7 365 days a year and keeps running even when you sleep. There are now over 4.75 BILLION people using the Internet, regardless of the direction you head online there is a very large number of people there that you can connect with and leverage to create a business online.

This is the main difference between online businesses from any other because your income is not determined by the number of hours you work, but by your level of productivity.

If your online business is successful, there are few limits to how far you can go.

Location

An online business has the advantages of gaining more revenue and spending far less than a brick and mortar business.
A brick-and-mortar retail store has a defined audience, so when starting a brick-and-mortar store the location is critical because their business typically their business comes from  a radius from the business location
An online business isn’t restricted by this and can market to a worldwide audience.

You can be at any location and operate your business and your customers’ can be from any part of the globe.

 You own your time

The beautiful thing about the online business you are not tied down to a desk or a single location.

You don’t have to wake up at 7 (if you don’t want to) and quickly get ready to get to work.

You don’t have the daily commute to work through rush-hour traffic, you get away from all the hustle and noise, traffic jams.

And best of all you have no boss, there is no one to give you orders. If you own a business, you don’t have to take orders from anyone other than yourself – you are your own boss.

You usually have more flexibility in creating your schedule. You can choose what time of the day you want to work, how many hours you want to work, and what days of the week you want to work as long as you do not neglect your business.

This doesn’t mean that you can simply relax all of the time, it just means that you can choose the working hours that fit you, whether it’s working Monday – Friday or just the weekends and whether it’s early in the morning, late at night or in the middle of the day.

An online business means your income is often determined by how productive you are with your time, not the number of hours you work.

Having more flexibility in your schedule means being able to spend your life focusing on other important activities outside of your business, and being able to make time for the things that truly matter (aside from your business that is).

Not being tied to a particular location or desk from nine to five can be very empowering, and this is why Some entrepreneurs fail miserably, while others use this freedom as motivation to work even harder.

Never mistake the freedom for time to slack off. Successful entrepreneurs respect the freedom and understand that the hard work is well worth the ability to spend more time with their families and partake in activities that they enjoy n because they are no longer a  part of the nine to five daily work schedules.

Very Little or no Over Head Expense.

An online business, you will often eliminate some of the huge costs associated with a brick and mortar offline business.

Not only can you eliminate things such as an expensive pricey office or retail space and long-term lease commitments, but you can also eliminate having to tie up your money in stocking inventory.

A drop-shipping agreement with the manufacturer or a manufacturer-to-order arrangement can greatly reduce your financial-risk and will allow you to maintain more consistent margins with a less upfront cost.

With Affiliate marketing, you will have no shipping problem as you will not be responsible for shipping products and dealing with customer issues, the merchant will be the one responsible for dealing with the customer, you will receive a commission for the sale that will be made through a link provided by the merchant.

Affiliate Marketing

Affiliate Marketing is the best Online business to start. It is very easy, no experience necessary, and the least expensive online business.

  • No huge startup costs!
  • No selling face to face!
  • No stock to keep or manage!
  • No recruitment involved!
  • No taking of endless surveys!
  • No huge investment involved – (Get started for  FREE)
  • And no working for someone else!
  • You can operate in any market you wish! – even your hobbies & passions!
  • Earn a full-time income & more!. No limit to your earning potential!.
  • You can start without a team
  • You can upgrade very quickly once you find a profitable campaign
  •  You can pivot very, very fast if something doesn’t work out. There are not very many moving pieces compared to other business models.

Who is Affiliate marketing for

  • Stay at home moms or dads
  • The disabled
  • Anyone that needs to earn some extra money
  • People that don’t like their current jobs
  • People who want to earn money from their hobbies or passions
  • Bloggers who want to earn some money from their blogs
  • Students either while studying or after graduating
  • The unemployed
  • Retired people who want to earn to supplement their pensions
  • People who want to learn how to build a WordPress website
  • Local business owners who want to start a website or improve their online presence
  • Anyone looking for fast and reliable hosting with the best support I’ve ever seen
  • People who want to learn how to make money online in an honest way
  • And many more.

The Bottom Line on Getting Started with Affiliate Marketing

Whether you’re starting a new business from scratch or already have an existing business (offline or online), affiliate marketing is a great way to generate income online. All you have to do is recommend relevant products or services to your audience and the vendor of the product your are promoting handles everything including product creation, handling the sales process, customer service, refunds, etc.

The key to success with affiliate marketing is to just get started and continue learning new tips and tricks to grow your affiliate business as you continue to build and grow your affiliate business.

WealthyAffiliate offers excellent training in affiliate marketing you can join for free,

With a free account, you will get 10 free lessons, 1 website, free hosting, and the necessary information and tools for you to have your website up and ready for business,

Whether you are just getting started, have some experience, or are an ultra-successful affiliate marketer, Wealthy Affiliate is made for you!

Try Wealthy Affiliate Free, No Risk, and No Credit Card Required

Thank you for stopping by, Have you tried any online business? What is your experience? Please share, your comments and questions are welcomed

NOTE:  This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you)

Amway Independent Business Owner Review

Amway Independent Business Owner Review--Amway is a globally operating company
Amway Independent Business Owner Review–Amway is a globally operating company

Amway Independent Business Owner Review

There is a lot of online marketing and other marketing business around that is advertising in the hopes that you will invest in their business.

Some of these are scams, and some are a complete waste of time, in this post, I will be looking at an MLM site:- AMWAY.

Amway business summary

Business Details

Headquarters

7575 Fulton St E, Ada, MI 49355-0001

BBB File Opened:

1/3/1970

Years in Business:

60

Business Started:

10/9/1959

Business Incorporated:

9/6/1949 in MI, USA

Accredited Since:

10/1/1991

Type of Entity:

Corporation

Number of Employees:

21000

Alternate Business Name

  • Amway Corporation, Alticor
  • Alticor, Inc.

Contact Information

  • PrincipalMr. Doug De Vos, President
  • Customer ContactMs. Paula Voss, Legal Specialist
  • Other ContactsMr. Scott Balfour, Vice President Lega
  • Mr. Steve Van Andel, Chairperson

Additional Contact Information

Phone Numbers

  • (616) 787-7000Other Phone
  • (616) 787-6000Other Phone

Website Addresses

 WHAT IS AMWAY

Amway is one of the world’s largest direct-selling businesses. The company sells products for nutrition, beauty, personal care, and the home.

Amway is family-owned, financially stable and led by a diverse global management team that supports Amway Independent Business Owners and their goals.

Amway is built on principles, people and products that have touched millions of lives around the world ( taken from theit website)

WHO is Amway independent business owner for

Amway business  is for persons who  want to earn some extra money or wan to have a business for themselves that they can operate  on their own time

How do you make money with  Amway

According to their website, there are three ways to earn money from Amway.

Sell quality products that people use every day

  • . Earn in three ways:
  • Retail margin from every Amway™ product you sell.
  • Bonuses calculated from your business growth. ( recruit others to join Amway)
  • Incentives rewarded as you reach key milestones in your business.
  • Selling Amway™ products with a retail markup and pocketing the margin.
  • Earning personal sales bonuses based on your personal volume of products sold.
  • Achieving Growth Incentives for building a team of others, who in turn also sell Amway™ products.

Bonuses: IBOs can earn monthly bonuses based on their personal sales volume (how many products and what types of products they sell).

Growth Incentives: As their business grows and they sponsor new team members, IBOs receive monthly bonuses based on the product sales volume of their team. IBOs earn Growth Incentives for reaching key business-building milestones, such as one-time cash awards and business trips.

You Have to Know How to sell and very few distributors Turn a Profit, running your own Amway business is a sales job.

To succeed you need to be able to sell and to promote the products to consumers and the system to new distributors.

So if you want to make money you have to requite, you also earn a commission on every sale your requites make.

Here is one review found on Glassdoor.https://www.glassdoor.com/Reviews/Amway-make-money-Reviews

I have been working at Amway

Pros

Great flexibility and any other pros that come with unemployment.

Cons

Multilevel marketing (pyramid scheme). You technically sell products but make most of your money tricking people into this hell hole company

START YOUR OWN BUSINESS,FOR FREE NO SELLING OR RECUITING, CLICK HERE

How much can you make

Amway.com states only 48% of their independent business are active and they make about $200.00 per month.

Growth Incentives: As your business grows and you recruit new team members, you will also receive monthly bonuses based on the product sales volume of your team.

You earn Growth Incentives for reaching key business-building milestones, such as one-time cash awards and business trips.

Amway offers a performance-based compensation plan. How much IBOs earn is largely dependent on how much time and effort they consistently put into their businesses.

Amway claims you do not have to recruit to make money, but looking at the structure of how to make money with Amway I do not see any other way to make decent money.

Their products get good reviews as being of good quality but the overall complaint is the price.

Is Amway A MLM?

Yes Amway is Direct marketing or MLM

Multilevel Marketing, or MLM, is a system for selling goods or services through a network of distributors. Multilevel marketing is also referred to as Network Marketing or Direct Sales .https://www.thebalancesmb.com/multilevel-marketing-mlm-2947187

Is Amway a Legit CO

Yes Amway is a legit company, this company is accredited by the BBB and has a 4 stars rating, it has been in operation for over 60 years

In 1979 Amway was taken to court and charged with being an illegal pyramid scheme but after 4 years the 1979 FTC ruling vs Amway.  they managed to survive.

The FTC case did find that ‘Amway had made false and misleading earnings claims when recruiting new distributors’.

The FTC found that Amway differed from Pyramid scams because they did not charge a large joining fee.  The case also found that Amway did not promote inventory loading, which would leave distributors with a stockpile of products that could not be returned.

Pros

To become a member costs $100 and can be refunded within 90 days if you change your mind.

Cons

  • Very few people generate a profit – only 0.3% of MLM members will turn a profit. I. You might earn a commission cheque or two, but chances are your income will be less than your expenses
  • You can not succeed unless you aggressively recruit new members – the only way to make money in Amway or any MLM is to have a large number of people beneath you in the system.
  •  You will need to approach as many people as possible and try your luck at recruiting every one of them.

Final thoughts

I have been involved with MLM’s before Avon and Herbalife, I did not like the idea of almost forcing people to join, It made me feel uncomfortable, and even though the products were good I never could sell enough to cover my expenses.

But everybody is different and maybe you would like the MLM method of earning money.

If you are like me and would prefer another way to earn money, Then you could try Affiliate marketing NEED TO KNOW MORE? CLICK HERE 

Disclaimer:

This Amwayreview has been researched with information and testimonials that are available online in the public domain. The conclusions drawn are my opinions.

NOTE:  This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you)

Is Affiliate Marketing Worth It —– Financial Independence

Affiliate Marketing is worth the effort of adding additional income
Is Affiliate Marketing Worth it?

Is Affiliate Marketing Worth it

Are you looking into becoming an affiliate marketer and wonder if affiliate marketing is worth the time and effort establishing your business.

Or are you in the affiliate marketing niche for some months and not seeing the kind of returns you were expecting and the question and thought of is all this work worth the effort?

The answer for me is yes, it is worth it but for you, it might be different, and you will be the only one who will be able to answer that question. Continue reading Is Affiliate Marketing Worth It —– Financial Independence