The ubiquity of the Internet and the emergence of Social Sites have really sparked a rapid growth for Online Businesses. Multilevel Marketing and Network Marketing have taken on a whole new look. It is no longer necessary to conduct an MLM business face to face or within your own country. The Internet offers the MLM business owner access to prospects all over the world. Social Networking sites enable business collaboration between people residing in different geographies. And free video conferencing facilities make it possible to "meet" your prospects virtually. All this is great news for the MLM business owner because now he/she can engage with more people faster and cheaper. This effectively translates into a more profitable business.

Not all types of MLM or Network Marketing opportunities can exploit the above scenario. To truly leverage the Internet, the following are essential:

* Products to be marketed should ideally be soft i.e. Internet-based services rather than hard i.e. physical products. * Selling should be completely Internet-enabled. * There should be an Online Business System to allow the MLM business owners to conduct business at any place and time.

I am currently a business owner of such an MLM business and I would like to share more about it with you. The business that I am in is the Education Business. The product is called SkyQuestCom. SkyQuestCom is a powerful eLearning System cum MLM Business Opportunity. It is a great online resource that gives you unlimited access to over 200 video seminars and live webcasts from renowned speakers such as Robert Kiyosaki, Stephen Pierce, Brian Tracy, John Gray etc. I have personally attended some of their live seminars when in Singapore. These seminars are expensive and a 2-day conference costs a few hundred dollars. SkyQuestCom with its cutting edge technology brings you similar video seminars at any place and at any time. All you need is a computer and an Internet connection.

In addition to the video seminars, SkyQuestCom also bundles the following additional bonus items:

* A resource library with over 4000 eBooks * A video-conferencing facility * A Language Channel * A Kids and Youth Channel * An Entertainment Channel

SkyQuestCom comes equipped with a Complete Online Business System that can be accesses from anywhere using the Internet. The Business System allows you to monitor your sales, strategize the structure of your organization and collaborate with your business team.

The Compensation Plan of SkyQuestCom is very attractive compared to traditional MLM opportunities. I would dare to say it's one of the best, simply because the cost of the overall business is very low. There are no warehouse, handling and shipping costs since SkyQuestCom is an Internet product. This allows SkyQuestCom to pass the savings back to the business owners like myself. Briefly, here is a very high-level overview of the compensation plan:

* Direct Bonus for every sale of SkyQuestCom that you make

* Leverage Bonus for every sale of SkyQuestCom any of your downlines (i.e. subscribers whom you sold SkyQuestCom to) make

Based on the above plan, if you and each downline under you make 2 sales a month, then the total income from your Direct and Leverage Bonus will be US$743,333.

The advent of Internet and Social Networking sites makes it very easy to market and sell SkyQuestCom. The entire sales process looks like this in summary:

* Market your product by writing about it in popular Article Sites such as Helium, Associated Content and eZineArticles. You can also easily create a blog using blogging tools like Blogger, LiveJournal and WordPress to talk about your product. * Share about the product in Social Networking sites such as Orkut, MySpace. * Collaborate with prospects using free Audio/Video Conferencing tools such as Yahoo, Skype and MSN. SkyQuestCom itself comes bundled with a full-fledged online video-conferencing software. * Prospects invest in the product via your personalized SkyQuestCom website. * You monitor your sales achievement via the Online Business System.

Of course, you can still follow the old paradigm of MLM and go knocking on the doors personally to market SkyQuestCom. But why even waste hours talking personally when you can have an exponential effect on the Internet.

As you can see, SkyQuestCom is a very rare MLM product that not only helps to enrich your life through its enlightening video seminars; it is also an excellent source of residual income that can help you grow financially.

SkyQuestCom has won numerous awards. For example, in a Deloitte ranking, SkyQuestCom was the 7th Fastest Growing Technology Company in Asia Pacific ahead of Baidu, Alibaba and Infosys with a staggering 3-year percentage revenue growth of: 3,643%!

I have shared a great deal about this lucrative opportunity on my blog: SkyQuestCom - eLearning System cum MLM Business Opportunity. I really encourage you to visit my blog and find out more about this wonderful opportunity so that you can also benefit greatly from it like I have.

About the Author

I am an avid poet, writer, guitarist and Internet Business enthusiast. Having worked in cutting edge Internet technologies for a long time, I now use all that knowledge to generate a significant source of residual income from Internet-based businesses. I also aspire to share all this great information through GoArticles.com and my blog SkyQuestCom2007