Online MLM at its best

MLM as I have mentioned in my earlier blogs is very much looked down upon but it is a serious money making concept and when it goes online its fast and far more effective.

In 1998, the dot com craze was beginning to ramp up to unbelievable proportions. So many Internet companies sprouted up in Silicon Valley, and elsewhere, that companies not swept up in the hysteria were thought to be missing out. But, while most people were focused on things like Content, Banner Ads and Bandwidth, Michael Reed and Alan Ezeir, the CEO and President respectively of Global Domains International, Inc. (GDI), recognized another opportunity that was largely ignored; they wondered, "Besides dot com, are there other extensions that businesses could use as a domain name?"

GDI is one of the companies which realized the potential of the concept and implemented in a beautiful fashion. GDI is the domain name provider for " .WS" which stands for WebSite and is a globally accepted extention now. Till now it has been able to cover up a major market of few good millions and yet that is only 1% of the world wide domain market, so you have many more people to join up this venture and make money for themselves and yeah, have your online exixtance marked.

It works on very simple principle, you buy a domian from GDI with which they offer you the domain name 100MB space, 10 email ids, and 24x7 support for the web site builinding which includes the web site templets as well and all for $10 every month. Now that you are a part of GDI you can work as a GDI associate and help others have their own online landscape marked in the vast world of internet. For every person who did what you did ie; opening an account with GDI you get paid $1 for that person and the person below the privious and you get paid till the fifth level so if you have 5 guys working and 5 guys working below every one. The monthly income comes out to be $3905. So when you can have the 1% of 100 people you really dont need to put your 100% to some thing. Just imagine the kind of time you would have to spend with your family, your friends and do so much more.

To start with a concept MLM

Multi-level marketing has worked wonders for many people around the globe. It is a way of ea rning profits by associating with the company as franchisees or contractors and selling its goods while bringing in more associates. This business model has been successfully implemented by many businesses and individual entrepreneurs. However, it has its flip side too and many businesses have suffered because it often became difficult to differentiate between serious and legitimate MLMs and those pyramid schemes which promise the moon. Also MLM companies are using the internet in a big way and there is no dearth of Online MLMs.

Amway one of the largest direct-selling companies, instantly comes to the mind when we talk of MLMs. It generated a retail sale of over 6 billion dollars in 2005, so says its website.

However, it has also been criticised because many of its established associates began their own companies for selling some kind of training for Amway newcomers thereby earning more!
In my future blogs I would try to pull in some cases regarding online MLM and how they are growing every day