There are hundreds, if not thousands of ways to make money working from home in 2011. So many that it can sometimes be overwhelming. To help you narrow down your search, I’m going to share with you the 3 most popular ways of making money from home.
3 Ways To Make Money From Home In 2011
1. Affiliate Marketing – affiliate marketing is where you earn money by selling other people’s products online. This is a very popular way to earn money from home. Most affiliate programs are fee to join, and you never have to deal with any customer service or anything like that. You don’t even have to worry about developing your own product because you are going to be marketing someone else’s.
The only downside to affiliate marketing is that since you are marketing someone else’s product, you only earn 50-75% commission on all sales. In addition to that, it will take some time to build up a sustainable full time income with affiliate marketing.
2. Network Marketing – I know you’ve heard of network marketing before (or MLM). This is where you join companies like Herbalife, Amway Global, Prepaid Legal, etc… and become an independent representative, or distributor. You can earn money by either recruiting other people into the business, or by retailing the company’s products.
Most network marketing companies will require you to be on a monthly auto-ship were you pay a certain amount monthly for that company’s specific product. You can either keep the products for yourself, or you can sell them.
3. Direct Sales Home Based Business – In a direct sales business, you are marketing one specific company or opportunity. Most direct sales opportunities will provide you with everything you need to succeed, and additional on-going training. It’s very similar to network marketing, but with a few differences…
There is usually no monthly fee’s involved, no products to order every month, and you’re commissions are generally a lot higher. With network marketing you get paid a small commission over a longer period of time. With a direct sales home based business you get paid up front commission so you can earn more money, a lot faster.
These are the 3 most popular ways to make money in 2011. If you are looking to replace a lost income, the fastest way to a full time income will probably be a home based business opportunity. Second to that, network marketing.