There are a lot of MLM companies advertising themselves as good home-based businesses on the web nowadays, and most of the reviews that are written rave about a certain company and its promises of wealth beyond your wildest dreams! The sites create the illusion that you are going to amass this great wealth as soon as you join up. Because I am not affiliated with ANY of these companies, I write unbiased, informative reviews on MLM home-based business companies using on as much information as I can find. I read the negative reviews as well as the positive and I try to figure out what’s going on with the negative reviews. I look beyond the buzz and the upbeat music to give you a substantial review that is designed to assist you in your quest for a legitimate company.Review or misconception?There seems to be a key thread with the negative reviews. The writer of the review is frustrated or angry because none of the “claims” about wealth came true instantly. I get the feeling that these reviewers are forgetting to look beyond the glitz and glamour hype that these companies are putting out there. Most companies have extremely upbeat, dynamic, colorful websites with fabulous testimonials about the company’s product and wealth potential. They are trying to get you excited about their company as your home-based business and it tends to work! Even the most cynical consumer out there can be taken in by some of these claims. The fact is, if you do not understand the world of Multi-level marketing, you are not going to understand how they work and whether or not you will be able to make money. I am reading negative reviews about companies, when in actual fact, the reviewer simply didn’t understand the process of creating a “downline” or team of sales people.But Can It Work?Is it possible to make money with an MLM as your home-based business? Of course it is. However, it requires an extreme effort and some market savvy. The success of your product or company will depend solely on your ability to market yourself and the product you are selling. You will need to have the ability to reach thousands (probably more) of potential new prospects. You absolutely,without fail,must have the ability to create a huge “downline” for MLM sales to be lucrative. Can you do this selling to your friends and neighbors and co-workers and family? Nope, you honestly can not. I think this is the over-looked aspect with MLM sales. It is so difficult to earn a living at MLM sales if you don’t know the tricks of the trade. You have to know going into it that the massive downline is how you will make a lucrative income. Unfortunately, if you are not at the top of a multi-level marketing company, you probably aren’t going to be the guy on the website with the Lamborghini, the mansion, the pool and the supermodel. But, you might be able to make a lucrative income with this type of home-based business, if you know how to market yourself and your product.Do Your Homework!Before you make any decisions about joining any MLM company, please be sure you understand the terms and conditions of sales, and develop a game plan for your own home-based business so that you will be a success story. Thoroughly investigate the company before you commit. Read all the reviews, good and bad. Try to get a feel about the reviewers. See if you can determine whether you might have a legitimately a bad business venture or if the reviewer simply didn’t understand that firm’s terms, conditions, compensation plan pay outs, etc, and has decided the company is a “scam.” Always be sure to understand the compensation plan. Familiarize yourself with any terminology you are unfamiliar with. It’s your money, know what you are getting into and know what you can expect back! I can not stress enough to anyone, a home-based business in MLM sales can be quite lucrative, but it is a highly competitive field, fraught with more failures than successes. Will you have what it takes to be successful and beat out your competition?
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
Legal Outsourcing and the Global Financial Crisis
Last week I was having lunch with a friend who is Assistant General Counsel for a Fortune 100 company. We were chatting about our lives and families, when he began to ask me about legal outsourcing. Although my involvement in the legal outsourcing industry was not a secret, my friend had shown no previous inclination to discuss the outsourcing of any legal work by his corporate employer. In fact, he had assured me earlier that the General Counsel was unlikely to have any interest. But that, he said, was BEFORE he received a memo one day earlier that no one in the legal department should incur any expense for travel or CLE or and other discretionary matter. The recessionary screws were clearly tightening.
Forrester Research, Inc. has opined that legal outsourcing, still a nascent industry kept at arms’ length by many in the legal profession, will grow to a $4 billion industry by 2015. Nonetheless, as one managing partner of a top national law firm told me, “The management committee has no appetite for legal outsourcing.” No appetite? It would be surprising if partners in major law firms, many earning high six figure annual incomes, would have an appetite for anything but the status quo. Why change a good thing for something as uncertain and threateningly perceived as legal outsourcing?
Financial Times reported in January 2007 that corporate legal bills soared 20% in 2006 with “outside lawyers now accounting for 65% of corporate legal spending by large firms, compared with 42% in 2001.” The status quo means more of the same—ever rising legal fees. With new lawyers from the top tier law schools commanding $160,000 to $175,000 per year directly out of law school, legal fees must rise. The total first year costs to law firms bringing on these top lawyers now likely exceeds $250,000. Clients of those law firms have always obliged and paid the fare. But, the times are changing as law firm clients become more discerning. Clients are beginning to understand that certain legal tasks are “chore” in nature and need not be performed by a Harvard or Yale law graduate at a $200 to $400 hourly billing rate. Other legal assignments require more sophisticated analysis and should not be sent offshore. Increasingly clients are unwilling to accept the billing rate of $300 or $400 per hour for a document review that can be competently completed by lawyers in India for a fraction of the cost.
The legal profession painfully accepts change. Although Bates v. Arizona, the U.S. Supreme Court case decision permitting lawyers to advertise, was decided in 1977, it took the profession more than a decade to accept the reality of legal advertising. Some still officially reject legal advertising, but almost all law firms now engage in some form of marketing and self-promotion that was unthinkable only 30 years ago. Likewise, sending legal work offshore is gaining in acceptance. In August 2008 the American Bar Association issued an ethics opinion proclaiming the outsourcing trend as “a salutary one for our globalized economy.” Law firm clients are embracing the trend as one borne of reason and necessity. Lawyers, having a duty to act in the best interests of their clients, will, in time, accept selective outsourcing as a process that can be beneficial not only to clients but to the law firms serving them as well.