A lot of people are down on network marketing businesses (also know as
multi-level marketing or MLM), but I'd like to give you 7 reasons why a
network marketing business is the best kind of home business to own.
1. Your chances for success are better in network marketing.
Yes,
some people fail at it. In MLM or network marketing, you will often
find that 20% of the people are making 80% of the money. Do you know
what? That is exactly the same as the church I belong to-- 20% of the
people who attend are actively involved and do 80% of the work that
needs to be done.
I'm not surprised that it is similar in MLM.
People are people. Some of the people who fail at network marketing are
not motivated, some aren't cut out for self employment, some are in the
wrong company for them, and some are just not properly trained. But a
motivated and trained person in a good company has a great chance of
succeeding in their business.
On the other hand, if you start a
"traditional" business your odds of success are much lower. According
to the SBA, at least 50% of small businesses fail in their first year
and 95% fail within the first five years. So, after 5 years of 12 hour
days, in debt up to your eyeballs, you only have a 5% chance of
succeeding. For some reason that just doesn't do it for me.
2. The costs are much less to get into a network marketing business.
Most
network marketing companies ask for a monthly minimum order to keep an
active distributor status, it is true. This is part of what keeps the
machine running. It is part of the business operating costs. It may be
as much as $500, depending on the company.
Now compare that to
the costs of traditional business ownership, like rent, utilities,
inventory, insurance, taxes, employees, marketing and advertising, and
much more. I think you get the idea.
You don't have to be rich
or go deep in debt to have your own home based network marketing
business. It truly is an equalizer, giving everyone a fair chance at
succeeding, no matter what the financial background or credit history
is.
3. A network marketing business is simpler to run.
If
you had your own business hopefully you could afford to hire an
accountant and a secretary who would keep all your red-tape, paperwork,
receipts, bookkeeping and such. If not, you would spend much of your
time doing this.
With MLM, the company you are with handles most
of the paperwork. You just need to keep your own financial records for
your income taxes. This frees you up to spend your time and energy
making money.
4. With a home based network marketing business, taxes are on your side.
There are many deductions you can take with a home based network marketing business that will help you reduce your taxes.
On
the other hand, the government (federal, state, and local) all seem to
have it in for traditional small businesses. And if you have employees,
you are really paying much more for them than their salary, as any
employer can tell you.
5. Network marketing is the future.
Some
people say that network marketing or MLM is a pyramid scheme. That is
not true. A pyramid scheme is illegal because it doesn't work. There is
no product, and thus no value to it. The people at the bottom put money
in but the value doesn't flow down to them. It is a scam because only
the people who got in at the top make any money. Most of the people get
ripped off. A good example of this is chain letters or the airplane
game.
A pyramid the natural shape of structure for all
businesses, including governments. A network marketing organization is
no exception. Network marketing is just a new way to distribute and
market goods and services. It is the way of the future. Even many huge
traditional companies see this and are jumping on board.
6. Network marketing has a huge income earning potential.
That is one of the reasons why Robert Kiyosaki (Rich Dad) and Donald Trump recommend MLM as a way for the average person to build wealth and retirement income. Network marketing builds residual income, an important step in wealth building.
7. A network marketing business is simple to market and promote profitably online, if you know what you are doing.
It is true that many people do fail at network marketing, and one of the main reasons is that they were never taught how to market their business properly. Many upline leaders are teaching their downline the old out-of-date marketing techniques of the 90’s. Distributors are taught to duplicate outdated marketing techniques such as meetings, events, passing out business cards, endless phone calls to long lists of purchased leads, and bugging friends and family for referrals.
The Internet is the future for home business and network marketing. When network marketing trainers and companies don’t teach their distributors how to market effectively and profitably on the Internet, people waste a lot of time, effort and money. Many eventually give up and think that network marketing doesn’t work.
Duplication is the key to success in network marketing, but the old marketing practices just don’t work in today’s online world and have long been bypassed by newer online web marketing techniques and systems. Those that master the Internet are dominating their network marketing companies.
I can show you how to succeed financially in your network marketing company by utilizing the power of modern marketing practices on the web without doing all those out-of-date and tedious old marketing practices.
I have a simple system that will teach you powerful techniques for online marketing. This system can be used for any MLM or network marketing company, and is easily duplicatable.
For more information go to http://DianneRonnow.com now!
By Dianne Ronnow © 2008-9. All rights reserved. This article may be freely copied as long as it is not modified and the resource box accompanies the article, together with working hyperlinks.
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