Making Money Online: An Honest Opinion - By Joel Teo
Many people today go online to start an internet businesseither to supplement their income or to gradually replacetheir offline income from their job with an online income.Most people happily join business opportunities and moneymaking ideas online filled with hopes, aspirations anddreams of great wealth, thinking that their financial woesare over. Many business opportunities promise such things ifyou did a quick search through google. But what most peoplefail to grasp is whether the particular business opportunitywill work for them. This article will examine differentmoney making models online to let you evaluate whether whichtype of business suits you.
1.Internet mlm programs
These are programs that require you to recruit downlinesonline and convert online customers into paying members bycalling them on the phone. Another way to make money withthese programs is to sell their products either online oroffline. So in other words, if you are not the type ofperson who loves to call people on the phone or sell stuffoffline in flea markets or tell people about your products,you will not make money with these products. That said, withsome automated email followup systems, it is possible if yougenerate a lot of signups to allow the system to convert thesignups into paying members. But that said you still get ahigher conversion ratio if you call them.
2.High Yield Investment Programs
These are online programsthat take your money and supposedly invest it online inforex and other types of securities. Do note that these arehigh risk investments and mostly are Ponzi in nature. Thatbeing said, the strategy with all these programs is to takeout your principal and then compound the initial investedamount partially and earn more and more each month. You needto be able to take the loss of your principal in your strideas the returns are high and the risks that theadministration of that particular HYIP program running offwith your money is high as well. Spend some time daily tocheck the HYIP forums to see if a particular HYIP is payingbefore investing any of your hard earn money into it.
3.Doubler programs
These are basically programs that double your money investedwith them after a certain period of time. These programsrequire you to spend some time each day reading the onlineforums of that particular program to check whether thecompany cycle time is going up and whether they can affordto pay their members. If you have the time to read anconsider whether any program you are in is a sinking ship,this kind of money making activity online may be the one foryou.
In conclusion, choose a way of money making online thatsuits you and spend time to learn all you can about thatform of money making.
By Joel Teo 2005 All Rights Reserved
http://www.MakeThousandsToday.info
Joel Teo is a work at home business owner, the owner of several highly successful money making websites.
Make Money online with our Money Making Directory
Work at home Business Opportunity Website
http://www.GlobalProsperity.info
Article Source: http://EzineArticles.com/
1.Internet mlm programs
These are programs that require you to recruit downlinesonline and convert online customers into paying members bycalling them on the phone. Another way to make money withthese programs is to sell their products either online oroffline. So in other words, if you are not the type ofperson who loves to call people on the phone or sell stuffoffline in flea markets or tell people about your products,you will not make money with these products. That said, withsome automated email followup systems, it is possible if yougenerate a lot of signups to allow the system to convert thesignups into paying members. But that said you still get ahigher conversion ratio if you call them.
2.High Yield Investment Programs
These are online programsthat take your money and supposedly invest it online inforex and other types of securities. Do note that these arehigh risk investments and mostly are Ponzi in nature. Thatbeing said, the strategy with all these programs is to takeout your principal and then compound the initial investedamount partially and earn more and more each month. You needto be able to take the loss of your principal in your strideas the returns are high and the risks that theadministration of that particular HYIP program running offwith your money is high as well. Spend some time daily tocheck the HYIP forums to see if a particular HYIP is payingbefore investing any of your hard earn money into it.
3.Doubler programs
These are basically programs that double your money investedwith them after a certain period of time. These programsrequire you to spend some time each day reading the onlineforums of that particular program to check whether thecompany cycle time is going up and whether they can affordto pay their members. If you have the time to read anconsider whether any program you are in is a sinking ship,this kind of money making activity online may be the one foryou.
In conclusion, choose a way of money making online thatsuits you and spend time to learn all you can about thatform of money making.
By Joel Teo 2005 All Rights Reserved
http://www.MakeThousandsToday.info
Joel Teo is a work at home business owner, the owner of several highly successful money making websites.
Make Money online with our Money Making Directory
Work at home Business Opportunity Website
http://www.GlobalProsperity.info
Article Source: http://EzineArticles.com/
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