MLM WONDERS NEWSLETTER
Your MLM Home Business Starting Point
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VOL 2, ISSUE 7 Aug 1, 2004
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**CONTENTS:**
Feature Article: Positive Cash Flow
Laugh A Little: Joke of the Moment
Helpful Tip: Mostly Computer Related
Useful Resources: I'll find them for you!
Thought For Today: Inspirational (I hope)
Contact Information
And a Few Ads!
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Hi folks, I hope you're all enjoying the wonderful weather. I know I am.
Last month's article focused on keeping your business going during the summer months. This month my feature article is on one aspect of an internet based business, Cash-flow. As you will see, it really doesn't take a pile of money to start in mlm.
Remember to download your free ebooks at:
http://www.mlmwonders.com/freestuff.html
By the way, I have recently put a new page up on my website, it anwsers some questions on how YOU can make money at home using your computer. Take a look at it at:
http://www.mlmwonders.com/make_money_at_home.html
Remember, I'm always just a click away if you have any questions about your own home based business.
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**TOP AD**
Don't forget to check out the IAHBE. You'll be surprised at everything that's included for a low monthly subscription. Take a look at the following website (but don't order it yet, I want to tell you about something else first!):
http://www.mlmwonders.com/iahbe.html
Now think about this, you can join our free money-making, mlm based income opportunity where even free members can earn a commission. But, if you upgrade by purchasing a monthly subscription to the IAHBE (or by selling one), you can double the commissions earned and you will also qualify to earn a portion of all commissions earned by all members (currently over 8 million members)!
So, not only will you be a member of one of the best Home Business Associations, the IAHBE, but you can also be a member of the internet's best "Work At Home" company.
And, by the way, the IAHBE is only one of the excellent products you can earn commissions from as a member of SFI.
After you check out the IAHBE, why not go to the following web-site and register for free and see how this exciting opportunity can change your life:
http://www.ezinfocenter.com/7591931.102/free
If you want to check out some of the great products that you, as a free affiliate will be able to sell and make a commission on, take a look at this site:
http://www.ezinfocenter.com/7591931.102
Of course you can simply order the IAHBE for the excellent resource that it is:
http://www.mlmwonders.com/iahbe.html
For more information, simply send me an email with "More Info" as the subject:
webmaster@mlmwonders.com
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**FEATURE ARTICLE**
Positive Cash Flow
By Bob Osgoodby
It doesn't matter how great your product is or how wonderful your service, if you don't have customers, all you have is a skill, or a product. People don't go into business normally as a hobby, although a lot of hobbies do turn into a business. The trick however, is to turn it into a positive cash flow.
If you're serious about doing business, you must plan for the long run. Successful businesses don't normally just happen. They are the result of long hours of planning, and a great deal of work.
There must also be a "war chest" of funds available until a positive cash flow is achieved. One of the major problems that many encounter when starting up, is that they overextend their financial resources. No matter what your business, or how it is run, you must be able to meet current bills when they come due.
The "dot.coms" which were started on such a wave of exuberance, had plenty of cash behind them. They dealt in promises of huge earnings, which however never materialized. Now, the majority of them have joined the history books as "also rans". While they did have the backing, sales at the level they needed just didn't happen at a rate to sustain them.
The pundits will argue that the economy is what brought them down. They violated however, one of the basic rules of business. They overextended themselves, to the point that their cash inflow wasn't enough to cover their expenses. When their "war chest" was depleted, they were gone. How does this affect the small entrepreneur? Can we learn a lesson from this?
Let's examine a program that the average person can get into. Network Marketing is the current "buzzword" for Multi-Level Marketing, or MLM for short. MLM got a bad rap over the past six or seven years, due to the scamsters that abounded. A number of companies were founded that were simply "Ponzies" in disguise. The majority of their cash inflow was the result of signing up new members. When the cash flow from new recruits dried up, so did the investment of those who had joined.
Are there legitimate companies out there - sure and many have a great track record. They don't rely on attracting high priced recruits, but have a legitimate product or service that they offer. If you are going to get involved in one of these companies, that should be a major concern.
So - assuming you found such a company, it is time to investigate the feasibility of you going into business with them. They provide the product or service, and you must set yourself up in business. Here is where the cash flow comes into play. Can you afford the monthly amount you pay them? Can you afford to promote your relationship with this business without immediate income? If the answer to either question is "no", you'd be well advised to reconsider.
If the answer is "yes", how are you going to promote it? Most companies recommend you exhaust your "warm market" first. Your "warm market" is your circle of family and friends that you might convince to join in with you. Eventually however, you are going to exhaust this market and must start seeking people outside that circle.
One way to attract new people is in the online arena. While this will not replace the "face to face" contact that is necessary, if it is done correctly, it can add a valuable source of additional income.
Many people make the mistake of using a web site supplied by their company. While this can be a valuable tool, it really ties you into their product. If you get your own site, you can use it to highlight your offerings. It is of course necessary to advertise your web site, and ezines and newsletters usually give you the best return on your investment. With a modest investment on your part, you can realize a decent return.
Usually, for less than a few hundred dollars, you can get a web site and advertise in ezines targeted to your potential market. Most people can afford this without counting on their cash intake to cover the expenses. Determine what you can spend out of pocket to make something like this work. Then, as your cash flow improves, expand your advertising to include a broader market.
While this is a modest start, it doesn't put you in the position where you must realize income to make expenses. Above all be patient and realize it will take time and effort to realize your goals.
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Did you know that subscribers to Bob Osgoodby’s Free Ezine the "Tip of the Day" get a Free Ad for their Business at his Web Site? Great Business and Computer Tips - Monday thru Friday. Instructions on how to place your ad are in the Newsletter. Subscribe at: http://adv-marketing.com/business/subscribe2.htm
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**MIDDLE AD**
Free! Subscribe now to the “Timely Time Management Tips” newsletter. Free tips sent to you to help you get more done in less time, with lessstress. Send your email now to:
mailto:timemanagement-subscribe@topica.com
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**LAUGH A LITTLE**
1. A man was on a walking holiday in Ireland. He became thirsty so decided to stop at a little cottage and ask for something to drink. The lady of the house invited him in and served him a bowl of soup by the fire. There was a wee pig running around the kitchen, running up to the visitor and giving him a great deal of attention.
The visitor commented that he had never seen a pig this friendly. The housewife replied: "Ah, he's not that friendly.
That's his bowl you're using."
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2. Bumper Sticker observations:
"And your crybaby, whiny opinion would be ... ?"
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**USEFUL TIP OF THE MONTH**
1. If you ever wonder if Google has all of your web pages indexed, you can check the 'Number of Pages Indexed by Google' by typing the following in the search box:
"site:domain.com -kjhsdfgh"
(where kjhsdfgh is something that you are sure does not appear in any of your pages.)
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**RESOURCES**
1. Looking for articles you can use in your ezine or website?
Here you will find thousands of articles you can use:
http://www.goarticles.com
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2. Looking for something to sell on the internet but don't have your own products?
Here you can find over 100 ebooks/software programs that you can purchase once and sell as many copies as you want to and keep all of the money for yourself. This is one of the best deals on the internet today:
http://www.mlmwonders.com/ipc.html
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**THOUGHT FOR TODAY**
"One of the most important rules for success is this: Every great success is the result of hundreds and thousands of small efforts and accomplishments that no one ever sees or appreciates."
- Brian Tracy, Author and Speaker
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**Bottom Ad**
California's new Privacy Law
On July 1st, 2004, a new law becomes effective in California, USA. If you have a website that does business online and you deal with any of California's 35,000,000 residents, then you are required to comply with this law.
The Online Privacy Act of 2003 (Calif. AB 68) was authored by Assembly member Joseph Simitian. Under the law, any online business that collects personally identifiable information from a California resident is required to do the following:
- post its privacy policies in a prominent manner on its Web site and identify the effective date;
- inform consumers of the different types of personally identifiable information that's being collected about them, including how the data will be used and shared;
- describe how individuals can request and make changes to their personal information;
- specify the process by which any changes to the company's privacy policies will be communicated to consumers.
"If you are going to collect personal information from people, you need to tell them what your privacy policies are and then honor that commitment," Simitian says.
The law is structured in such a manner that anyone can bring an "individual course of action" against companies that fail to comply with it, he says.
Based on that last statement, your failure to comply with this law means you not only run the risk of having problems with the government agencies of the state of California, but disgruntled individual citizens can sue you and make you deal with them in California.
Obviously, you'll want to make sure that you're in compliance with this - and every other - law.
If you're a current owner of the Internet Law Compliance System, then keep your eyes open for an email from Jack Campitelli. We're going to make just a couple of minor changes to our suggested documents that you'll want to use under your license agreement. These fr.ee updates will be posted online soon in your password-protected member's area.
If you don't currently own a copy of the Internet Law Compliance System and you're not getting continuously updated legal advice to keep you on the "up and up," then you really need to grab a copy ASAP.
http://www.mlmwonders.com/law.html
The Internet Law Compliance System provides you with the specific information you need to maintain compliance with current laws. Plus you receive a license to use our documents on your website. You'd pay several hundred dollars to get these documents from a good lawyer. You get them - and whole lot more - from us for less than the price of nice meal out with your family.
Please don't take the unnecessary risk of getting blasted by a government agency or a private lawsuit. All it takes is about an hour and you'll be set up correctly.
Plus, we've got a slew of additional reports and recorded tele-seminars that are too numerous to mention here.
Grab your copy now!
http://www.mlmwonders.com/law.html
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A SPECIAL REQUEST: You are not the only newcomers to Internet marketing. Please forward this newsletter to those friends, family and business associates who may find this information useful. If you have received this newsletter from someone else and would like to subscribe, simply send an email to:
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This newsletter is published by Yours Truly,
Randy Justason
257 Upper Waweig Rd
Waweig, NB
Canada E3L 4N2
506-466-3089
mailto:webmaster@mlmwonders.com
http://www.mlmwonders.com
http://www.moneywonders.bizhosting.com
http://www.ezinfocenter.com/7591931.102/free
PRIVACY STATEMENT: We respect the privacy of all our subscribers and will not disclose your email address or any information about you to any third parties.
Copyright 2003-2004 MLMWonders
ALL RIGHTS RESERVED
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