World Wide Market Online

Question by Jennifer: I am an independent contractor in Network Marketing…how do I fill out the Schedule C form?
This may be a question with such an obvious answer, but I’m stuck. I’m an independent contractor with a Network marketing company. They sent me my 1099 form, and I’m filling out the Schedule C form to report earnings/expenses. That much I understand. But, what do I put in the “Business Name” section since I’m not technically an owner of the network marketing company – should I just leave that blank? Do I just use my name? It asks for “Principal business or profession, including product or service”…should I put “Network Marketing”?? Or should I spell out the service we sell??? And also, it says to enter the code for type of business. I have no idea what to put here. Any help is greatly appreciated!

Best answer:

Answer by Blue B
2 options:

1.) Call IRS, they will answer this question better than anyone on this site can.

2.) Hire an accountant, they are not that expensive.

Give your answer to this question below!

Question by Marcello: How can people in MLM / Network Marketing claim to be educated on their business without knowing…?
…the percentage of sales the parent company does to their reps versus to non reps.

If your answer to this question is that you do know it please provide us some evidence (please no “my company told me so”).

If your answer is that this information is not important, explain why you would consider opening a business selling a product that might not have mass appeal to an unbiased public.

If your answer is anything else, then you have not addresses the question and thanks for nothing : )

Best answer:

Answer by Mike
Many MLM companies don’t or won’t report the information because they do not want the rep discouraged as to how much the company makes verses what the rep makes. The information is obtainable but usually difficult to get….The problem is that most reps “buy” into the hype given to them by their Upline recruiter because they are looking to make money (quickly and effortlessly) as described by the sales pitch. So most MLM reps not only do not have a clue, but they are not even aware that they do not know that answer…

Many times people get involved in MLM without even having a clue as to what the product is or whether it has a viable market in the first place. Again they are buying into the hype of the sales pitch not what the product really is or whether it will really sale.

I have looked at several MLM products and companies that have great “pitches”…but after doing research into the companies as to whether they are bringing revenue from product sales or from signing new Reps, I have found that very few are actually making money from product sales where product sales outweigh other revenue by a 2-1 ratio.

Basically it all goes back to the rep…their mind state when signing with the MLM and whether they are in it to recruit more reps or sale products…they hype leads to the signing of more reps which means product knowledge will most likely be 2% or less.

What do you think? Answer below!

Question by davidcolyer: Why would someone (who likes beef jerky) NOT buy beef jerky from a network marketing company?
I’m preparing to change careers. I’m currently working in the Construction Industry… fabricating pool cages (screen enclosures), but I’ll soon be working full-time in the Direct Sales Industry.

I’ve affiliated myself with a company that produces Premium Quality Meat Snacks. I plan on specializing in selling beef jerky to Retail Consumers. My goal is to earn over $ 50,000 per year by enrolling people into the company’s auto-ship program. But, before I get started, I would really like to know what “objections” I’m likely to encounter. Please tell me every reason you can think of as to why someone would NOT be willing to spend $ 12 a month buying beef jerky from a network marketing company/through an auto-ship program. Keep in mind… I will be focusing on promoting to people who say YES to the question: “Do you like beef jerky?” I will NOT be trying to get people to do network marketing. I simply want to earn money by acquiring Auto-ship Customers for the company that produces jerky.

Best answer:

Answer by “pop the colla” MARY
your weird

Give your answer to this question below!

Question by Opinion101: Are you in any type of network marketing?
Who are these people in these network marketing promo videos? Who really falls for these schemes? I just got another invitation from a “friend” to check out The Trump Network. What a crock! If you are in multi-level marketing, why??

Best answer:

Answer by Make this Harry Reid’s Last
No, I am not…But we are having a Fire Sale….The boss said everything better get sold or we’re all FIRED….

What do you think? Answer below!

Question by idealispartner: How to make big growth in my network marketing company?
I am the owner of a small Hungarian MLM company which has the exclusive rights of selling Detox Patches (japantapasz) based on encslive rights for whole Europe. We have got an excellent marketing system to create “well-ness” both of health and social/financial field.
We grow slow and active only in Hungary and Slovakia, planning to open in Austria and Slovenia unti the end of 2006.

Best answer:

Answer by looking4leaders
You are on the right track! The most efficient way to generate personal wealth and freedom is through affiliate marketing. Helping others attain what they need in life will bring you success. Please remember that your volume will grow faster with a much wider product line. You need a personal website to be a real player. Check us out!

What do you think? Answer below!

Question by Merfe: Difference between Affiliate Marketing and Network Marketing?
Could anyone kindly explain what the difference is between “network marketing” and “affiliate marketing”.
Thanks in advance.

Best answer:

Add your own answer in the comments!

Question by Scammed by Similar Company: Has anyone ACTUALLY made money in Network Marketing?
Besides the people who start their companies. Does anyone out there have REAL proof (not pie in the sky projections or bogus propoganda) of a Network Marketing company that has made money for more than the folks who started the company? If so, did the company comply with the law OR are all Network Marketing companies just pie in the sky building profits on the backs of those they try to sell on “The Dream”?

Best answer:

Answer by Phantom Driver
Yes.

I have both lost money and made money.

A lot of it has to do with the company and compensation plan.

A good paying plan makes a huge difference as well as whether or not they allow you to use automated systems and the Internet to leverage your time.

But I have found the most important thing of all is whether or not you use a system where interested people come to you
vs. hounding people and alienating your friends and families.

Most of my friends don’t even know I’m in network marketing, and right now I am the top earner in one of the companies I promote.

Here’s a link to a site that has some good resources for automating the process (some of which are free):

http://www.financialfreedomtrail.com/network-marketing-recruiting.html

Give your answer to this question below!

Question by rosalind: How risky are network marketing ventures?
My aunt is constantly trying to get my family and me to invest in network marketing businesses. At first the idea of it sounds good. They are well thought out and seem to have the potential to be a lucrative financial move, however, my aunt and her husband don’t seem to make any money themselves. At the end of the day my conscience screams “pyramid scheme” and that can’t be good. Am I wishing upon a star by getting on this bandwagon? Or are my voices inside my head correct in telling me that this could lead to nothing or even worse, disaster?

Best answer:

Answer by Gaytheist Buddha
Most are scams.

If that is a multi-level marketing (MLM) company, save your money and avoid it. The only people making money in MLM schemes are the early investors or those who exploit enough downstream salespeople to support themselves.

Those people might insist, “How am I exploiting my downstream?” Answer: because your downstream should be allowed to buy from your upstream just like you; you add nothing of value to your downstream, but you take a large commission out of their sales.

Add your own answer in the comments!

Question by JediElite: Why is network marketing such a popular method of selling product?
Is it because it’s so cheap for the supplier? There seems to be an infection of network marketing firms lately. I suppose that they have no personel expenses, or at least they are minimal when they have contracted sole proprieters working for them. It seems to me that a company that wants a powerful marketing team would be willing to pay more for educated marketing students rather than the average joe willing to kick in $ 50 for their “startup” package. Does anyone else have a reasonable explanation for this phenominon?

Best answer:

Answer by nonsolotravel
Read this one and maybe you can understand better what is it Network markating….actually, check this website as well: www.travelpayday4u.com – Have nice Sunday! Sabrina

YTB Travel Network Announces ‘Guaranteed Income’ for Representatives

Success from Home Magazine to feature YourTravelBiz.com. YTB National Convention announces “Guaranteed Income” for those who move forward with “The Right MLM.”

Atlanta, GA (PRWEB) August 16, 2006 — Just days before the YTB Travel Network National Convention in St. Louis, the excitement surrounding the announcement of the company being featured in Success from Home magazine had more than 40,000 representatives poised to take advantage of the huge momentum it would create. The morning of the convention, YTB announced that it would guarantee commissions of at least $ 6000 by using this dynamic magazine.

Jim Sloan, founder of http://www.therightmlm.com knows from experience just how important this announcement is for anyone looking for success in Network Marketing. “It’s never been done before,” states Sloan “Last year it was “The Bill of Rights” and this year it’s “Guaranteed Income.” The founders of this company have always come up with innovative solutions for those that have failed before in MLM or those new to the industry, who desire success.” Representatives have already placed hundreds of orders with the company to get this featured magazine into the hands of everyone they can.

Mr. Sloan continues, “People always ask me, “How do you market your business?” Now we have the answer, simply hand them this magazine and let it do the selling and marketing for you.” After Representatives give the magazine to prospects, they simply log the name, phone number and e-mail address into the system. With little effort, just 5 magazines a week, the company will guarantee that the representative will produce at least $ 6000 in commissionable sales, or the company will cover the difference.

From what others have experienced in MLM type companies, Mr. Sloan appears to be correct. Never before in Network Marketing has a company based commissions based on efforts, rather than results. So confident are the founders and leaders of the company, they are willing to pay “Guaranteed” income because of the momentum phase the company has recently reached.

YTB Travel Network is a five year old, debt free; internet based Travel Company based in Edwardsville, Illinois. Research has shown in past business models these companies experience exceptional growth from the solid foundation YTB has created. The founders are confident YTB is in position right now to hit unprecedented growth and momentum and ensure representatives that this leverage will achieve personal and company success in Network Marketing.

What do you think? Answer below!

Question by farag: I need help plz “Qnet” or network marketing thing?
a friend of mine told me about Qnet?, but i need a better explanation…..Does any body know what is it? how the thing works?is profitable to join?

Best answer:

Answer by Tom
Hey ahmed,

Qnet sounds like what some people over here do in the US, expcept it is a service called ACN. There is one other marketing thing that people use over here too called quixstar. It is possible to make money doing that, but your return is usually only marginal and probably not worth the extra effort. I have had a few friends do that, and while they have made some money,they usually stop doing it within a year.

Give your answer to this question below!