Introduction
Many people try to make money on the Internet by joining
some or other money-promising program that may not
be the best program for them to start with. They might
start with a program that has a high initial cost
or a monthly cost that becomes substantial after a
few months. It might be a difficult program to promote.
Or one with products that are difficult to sell. Many
people have little idea how to promote, recruit, and
sell, over the Internet, so they only succeed in losing
time and money.
Probably, at least 100 new money-promising programs
are launched every day! Altogether there are probably
several million! So how do you find the one that's
right for you? Many of them are scams or so poorly
managed that they quickly collapse. Unfortunately,
most people who join these money-promising programs
lose money and time.
There are many money-promising programs with which
"heavy hitters" make heaps of money. However,
the 90%+ of network marketers, who find it difficult
to recruit and sell, probably lose money with them
as well.
Then there are "high-yield" programs that
promise to earn you piles of money without recruiting
or selling. You put in X amount of money and earn
a promised return of anything from 5% - 25% per month
or even more! Unfortunately, many of these programs
are also scams or fail for reasons such as bad management
or big-brother interference. (Many of these programs
pay substantial referral fees, so heavy hitters can
make huge money with them!) Fortunately -- very fortunately!
-- maybe 0.1% of these programs do work and do pay,
and their members earn heaps of money!
The maximum rating a program can get is 12 Stars.
Currently, I recommend several programs with 9 stars
or more -- Payment record: 2 Stars; Rate of return:
3 Stars; Risk factor: 2 Stars; Referral system: 2
Stars; Service/admin: 2 Stars; Warning signals: 1
Star; Total: 12 Stars. Among the 1,000s of programs
I glance at, and the 100s I inspect more closely,
there are usually only a few 10-Star or better programs.
Anchor Programs
The idea of an anchor program is that it's suitable
to form the foundation of your financial independence.
It is sufficiently stable and can become profitable
enough, over a reasonable period, so you can live
off the income it produces and use it as a springboard
for much higher future earnings. It's also something
you can fall back and rely on if other ventures fail.
There are three basic strategies for finding
your ideal anchor program(s) and making it(them) profitable:
#1. You start off with some capital,
say $5,000. You select 3 - 5 high-yield programs and
spread your capital between them. The idea is that
you use existing capital and place it in programs
that yield 10% - 25% (or more) per month. Because
these are high-risk programs, diversification is important.
Eventually, you want to place your capital in 8 -
10 high-yield programs or even more. Eventually, you
aim at getting to a point where the aggregate returns
from the high-yield programs are maybe twice as much
as you need to comfortably live on. When you reach
this point, you've created a good, hopefully reasonably
solid, foundation. Even if a few of them fail, enough
of them will continue to pay enough to maintain your
foundation. (I have a formula for selecting good high-yield
programs. I'm part of a network of experts who test,
evaluate, and rate hundreds of high-yield programs.
From the programs the experts regard as best, I eliminate
those that haven't been sufficiently tested to establish
a good payment track record. I also eliminate programs
that don't seem sustainable. I apply certain criteria
to rate the best programs I find. The maximum rating
a program can get is 12 Stars. Currently, I recommend
several programs with 9 stars or more -- Payment record:
2 Stars; Rate of return: 3 Stars; Risk factor: 2 Stars;
Referral system: 2 Stars; Service/admin: 2 Stars;
Warning signals: 1 Star; Total: 12 Stars. Among the
1,000s of programs I glance at, and the 100s I inspect
more closely, there are usually only a few 10-Star
or better programs. Unfortunately for newcomers, some
of the best programs are closed to new people. For
the details of the high-yield programs I currently
recommend, go to BigBooster.com (and Private Programs
and register as a BigBooster Associate.) You can apply
strategy #1 without recruiting anybody or selling
anything.
#2. The second strategy is to start
with little or no money, and to build your earnings
by promoting programs, recruiting other members/distributors,
and/or selling products and services. Here it's important
to develop your Internet marketing skills. Fortunately,
you can do massive marketing on the Internet without
spending a penny (beyond the cost of your computer
and Internet access). You can start with free programs
such as Success Arsenal!(sm), MintMail, and Six-Figure
Income, which you can use to improve your marketing
skills. If you can market, you can make a fortune
on the Internet without risking your money. You can
also start with low-cost programs that have the potential
to become profitable fairly quickly
