Global Domains International Business Review
- by Terri Stallcop
December 30, 2008
10:00 PM
Global Domains International, Inc. (GDI) is a company that sells an Internet
services package of domain name registration, an email system, a website
builder, a 10 page website and web hosting, all for $10/month.
GDI Products - Virtual Real Estate
The owners of GDI, Michael Reed and Alan Ezeir, wanted to offer more than the
commercial aspect of website and Internet services believing that in the future,
personal websites would be common place all over the world. Their vision is
that your website address will be as common as your home address and phone
number.
So although GDI does sell ".com" extensions which actually means "commercial,"
they also obtained exclusive rights to the ".ws" extension, which stands for
"website." The brand, Dot WS, is to help distinguish GDI as the Internet service
company for individual people, as well as for commercial business.
Internet Network Marketing Company
The founders Reed and Ezeir decided to put their brand of products, "dot WS,"
into a multi-level marketing (MLM) distributorship. In other words they took
Internet marketing products and combined them with a
network marketing business model.
So GDI is a hybrid, so to speak. It is an Internet network marketing company
with a global market and a virtual product. Their "customers" are independent
affiliates who have zero inventory to manage, no auto-ship requirements, in
fact, no shipping of any kind.
GDI Business Opportunity
The global opportunity with GDI attracts people from all over the world. The
low cost of start up and the popular products make the business opportunity one
of the easiest MLM businesses to build. Attrition is low; retention is high,
around 85%. That too, builds loyalty because of a networking culture that is
very close knit even though most of it happens, where else but... you guessed it -
on the Net!
After all, when all your customers are affiliates and all of your affiliates are
customers, each of you with the potential of making "income for life" as long as
you stick together, people do tend to stay. "Income for life" is a GDI slogan
that refers to the passive and residual income that is a part of all network
marketing compensation plans.
The Compensation Plan
Any one who creates wealth, instead of just making a living, has to have some
type of leverage, which is, more often than not, other people working for you.
In network marketing, the other people working for you are independent
distributors, your downline. As you help them build their businesses, they
build yours. Another slogan at GDI is "You can have whatever you want as long
as you help others get what they want." The compensation plan at GDI is
designed to promote those behaviors.
The GDI compensation plan is one of the easiest MLM plans to explain.
Affiliates receive a 10% commission for every $10 sign up. It costs $10/month
to stay qualified as an affiliate. That pays for all of the GDI website services
- domain name registration, website builder, 10 page website, website hosting
and an email system plus back office ongoing education and support services.
So, for example, if you sign up 5 people to receive these services at $10/month,
and then those 5 people do the same thing, sign up 5 people, who also sign of
5, etc. all the way down through 5 levels, that's over 3000 people in your
downline. Your monthly commissions of $1 per person, adds up to almost
$4000/month, most of it in residual income. Why? Because you probably only had
to work with your first and second generation. Generations 3 through 5 provide
residual income and eventually, the theory is, passive "income for life!"
The Secret To Success In Internet Network
Marketing
Before Internet network marketing was
possible, network marketing was tougher. The secret to success in the industry
has always been to "get a large group of people to carry out a few simple
actions over a consistent period of time."
Well that is much easier to do using the Internet for recruiting and training.
No longer are network marketers confined to friends and family to build a
business. However, only a few
network marketing companies are
building global businesses in this way. Most never teach Internet network
marketing. GDI is all about Internet network marketing. That's exactly who
they are.
To get the help you need to grow your business, click for step-by-step
Internet Network
Marketing Training.
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