Share marketing can be an excellent way to make money online, whether you’re looking to start your own business or simply looking to make some extra cash with your spare time. With an ever-growing group of companies accepting share marketing as an alternative form of advertising, there’s never been a better time to get started! These 6 questions will help you determine if this is the right path for you, and what you should do next. 6 Questions to Help You Start Share Marketing
1) What is share marketing?
Essentially, share marketing is network marketing on steroids. It’s a concept that’s always been around, but it’s only recently become more popular with people looking for a way to work from home without having to invest a ton of money upfront. In exchange for a flat fee (typically between $499 and $2,999), you get access to training, tools and support that help you start your own share marketing business.
2) Is it legal?
There are many myths about what is and isn’t legal when it comes to multilevel marketing companies, so make sure you research your options carefully. Many people believe that Amway or Herbalife for example are illegal pyramid schemes, but these organizations have put in place strict rules surrounding how participants can participate and make money. If you want to start a legitimate business in network marketing, it is important to do your homework first.
3) Will I need special licenses?
Sharing is completely legal if you’re doing it online or through social media sites, though there are still some things you should be aware of. It’s always a good idea to do your research so that you can avoid breaking any laws. If you plan on selling items on Amazon, for example, make sure that your items aren’t being sold by third-party sellers already.
4) How do I find companies to partner with?
Before you launch your program, it’s a good idea to do a bit of research and find companies that might be willing partners. Researching and exploring potential partners is something you should do even before writing your business plan.
5) Are there rules about what I can say?
When you are dealing with other people’s money, it is important that your claims and statements be credible. The securities law regulators have a test for determining what constitutes an untrue statement of a material fact. If you make a statement about anything—yourself, your product or service, your company or anything else relevant to investment decisions—that could affect someone’s willingness to purchase from you or make an investment in your company, it has to be true.
6) Can I advertise any product or service?
There are certain things you cannot sell as a part of share marketing—you can’t promote tobacco, for example. Some services that other businesses offer can be shared through online marketplaces as well. For example, if you have a cleaning service that’s also in demand at times when your business is closed, you could make extra money by offering it on a marketplace like Handy or TaskRabbit. Simply create an account with these services and link them to your business profile.