Times are tough to be thinking along the lines of a starting a home business. Many business start-ups fail when times are good; it is even harder to succeed in this economy. There is, however, a niche out there that does make a lot of sense: network marketing.
Here are 14 reasons why network marketing, also known as multi level marketing or MLM, is worth exploring as a legitimate home business.
Low start-up costs: A typical business start-up could easily range anywhere from the thousands to tens of thousand of dollars. You can start you own network marketing business for literally a couple hundred dollars or less.
Low overhead: The genius of network marketing is that you can start making a profit instantly. You will not have to pay off a large debt load while you are building your business. In some businesses, you will not make a true profit for years down the road.
Debt free: Taking on a large debt to start a business in this economy is risky. Network marketing allows you to build a debt free business right from the start.
Residual: Taking advantage of the power of multiplication allows your network marketing business to grow exponentially. As opposed to most businesses that pay you directly for the work that you do, network marketing pays you for the work that those on your team do. There are other ways to make a residual income, but unless you plan on being the next American Idol or writing a book that hits the New York Time’s best seller list, network marketing may be your best option.
Unlimited expansion: Most businesses that I know of today are cutting back. Network marketing groups will likely grow at record rates as people are forced to leave the traditional job market and try something new. It is a great time to get into an opportunity that many others are starting to consider.
Unlimited audience: Many businesses are limited to a certain segment of the population. Take a restaurant for instance. Their only potential customers are those within the vicinity of that restaurant at meal time. In this business, you are only limited as far as the internet reaches.
Low advertising costs: It is not uncommon for a business to spend thousands of dollars each month on advertising. Not in network marketing. The person to person approach is your advertising. In modern day network marketing you can use this approach online, “personally” sharing your message with thousands of people without having to spend a penny.
No employees: Building a large, sprawling business usually correlates with having many employees. It also correlates to being responsible for:
Payroll
Benefits
Taxes
Incorporation
Interviewing
Hiring/firing
Interpersonal conflict
Policies
Bookkeeping
Human Resources
Etc., etc.
In MLM you have two main roles that lead to building a large organization with thousands of “employees”:
Recruitment and
Duplication.
Look at the difference in the two lists. Which one looks more fun to you? If you can recruit and duplicate, you can build a team of thousands, none of which you are personally responsible for in any way!
Do you realize how powerful this is? This one concept of no employees alone makes the business of network marketing totally worth it!
Here is a real life example of a network marketer. He had invested the last 15 years of his life building a commercial and residential painting company with 9 employees. In a mere 18 months after becoming involved in his MLM, he had tripled the income he was making in his painting business. Needless to say, he sold his painting company. He now has a team of over 8000 members and growing. He is traveling the world with his family and friends and having the time of his life. He experiences much less stress empowering his team of 8000 than he was managing his team of 9 employees.
The beauty of network marketing is that your team never takes away from your profits–they only add to them. If someone on your network marketing team doesn’t produce you don’t have to fire them, you just keep looking for those that will.
More money: You will never be able to afford to pay yourself the kind of money in a traditional business as you have the potential to make in MLM. The income you can achieve in network marketing is literally limitless–only controlled by the depth of your downline and the generosity of your company.https://insf.org
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