I have been asked that question many times over my years online. When I first started researching how to make money online I really didn’t know the difference. I thought the terms were interchangeable. Not even close!
Okay, so what is the difference?
Let’s take a look at Network Marketing first.
Network Marketing is a strategy that multi level marketing companies use to promote and sell their products through independent distributors. These products can be sold by face to face meetings, advertising on the internet, advertising offline methods, and word of mouth.
The key here is networking! To let the customers or business prospects get to know you and you know them well before selling a product or an opportunity to join the business.
There are many ways online to network with potential customers and business partners by going to some of the well known sites like Facebook, Twitter, YouTube and just making friends there. If you connect with someone and they want to know more about you and what you do, send them to your website.
Now let’s take a look at Internet Marketing.
Internet Marketing is a great way to reduce costs of any direct sales product. It is also wonderful for providing instant access to any electronic information.
The key to Internet Marketing is that it’s usually an initial point of sale. Examples include items such as eBooks, software, training materials, audio files, and any product you can think of for sale. This could include anything from a house to information products.
Some of the most popular Internet Marketing sites are ClickBank, Commission Junction, PayDotCom, among many others.
Many online marketers use both Network Marketing and Internet Marketing to make money online. Network marketing takes building relationships and provides a residual income whereas Internet Marketing is point of sale income.
I would recommend mastering one technique before adding the other into your business portfolio. It’s always nice to have more than one stream of income for your business to provide you with some stability. This gives you immediate cash flow and a longer term residual income.