Michael Phelps’ Weblog

In the world of Internet Business, and business in general, there are a few “buzzwords” that flow around. Residual Income, Passive Income, and Financial Freedom.Residual Income means just that- it resides in your business and continue to generate an income month after month. This is probably the best type of income from a busines.

Passive Income means that you get a little extra money with little or no work.

Some people will use the term Financial Freedom synonymously with Passive Income This could not be further from the truth. Financial Freedom is simply that – the freedom from money. From worrying about money, from working to make money, etc. When you are Financially Free, money is no object. It is simply an abundant posesion.

Multi Level Marketing is one way that you can generate Passive Income. For many people Multi Level Marketing may not necesarily work for some people, since it requires decent communication and presentation skills. Multi Level Marketing does not work without direct interaction to other people. So if you are a hermit who lives in your bedroom and doesn’t get out and address the masses, Multi Level Marketing, or MLM may not be the course for you. Don’t fret though, there is an alternative!!

Network Marketing is one of the ways you can generate that Passive Income on your way to Financial Freedom without necessarily having to leave the safety of your home. However, there are some aspects of MLM that are almost crucial to Network Marketing.

However, some requirements those needed in Multi Level Marketing are needed here too. You have to be somewhat thick skinned. Be prepard for alot of rejection. Don’t think you are going to make money overnight. You are in for the long haul. So don’t be fooled by promises of “Rich Overnight”

Also, as with MLM programs, alot of network marketing programs require a huge investment on your part. Not just financially, but time and work wise. But if you can get the training you need to succeed, and get those websites top on the search engines, thereby driving traffic to your site, it will pay off in the end.

An alarming fact about Internet Marketing: There is a 90%+ failure rate. Why? Because they don’t have the support and training they need to succeed. Most will get a couple websites to visit, maybe a capture page (the taboo word is squeeze page) and sent on their way. They know nothing about SEO, how to leverage themselves on the search engines, and as a result, their website is burried on page 50 of a google search. And I don’t know about you, but I won’t dig that deep into an internet search when I’m looking for something.

You have to be focused as an Internet Marketer. You need to set goals for yourself and work to accomplish those goals. Now I’m not saying you have to spend 21 hours a day in front of the computer pressing to get those signups, but set realistic goals for yourself. For example, a list of goals for a one month period could be like this:

• Week 1 – Have a fully working website
• Week 2 – Begin Marketing on Blogs and other websites
• Week 3 – Contact at least 3 prospects
• Week 4 – Sign up at least one of those prospects

Now of course, you could exceed these goals, and if you do, congradulations! You are on your way to furthering your career as a network marketer. If you don’t make it, don’t sweat it. Examine your goals, and find out where you need to improve, and then set those goals as a priority for the next month. Eventually you will find yourself reaching every goal you set for yourself.But the key is training. If you don’t know how to succeed, you probably won’t succeed. Do the homework to find a program that offers you training, support, and the tools you need to make your business a success, and make the turn towards everyones goal for life, Financial Freedom

Learn how a frustrated internet marketing rookie turned an opportunity into a success story, and the people who helped him realize his success. Visit http://games.psyberconulting.info