Why Network Marketing?
Small Startup Cost
Many traditional businesses take a heavy investment in equipment and office or retail space. A network marketing business takes a very minimal investment to get started. You should be able to recoup your investment within 30 days.
Since you have no large investment, your financial risk is almost non-existent. You really have nothing to lose except some of your time and yet you have everything to gain. Where else can you start a business for under $200 and have the potential for financial freedom?
Working From Home
No traveling to the "Cement Jungle", no wasted time in traffic tie-ups. This is especially good for women who want to be at home with their families yet be able to earn some extra income. It is also good for the person who is tired of punching the clock and being paid what a job is worth instead of what
they are worth.
In corporate America you are married to the clock. Your employer decides the hours you work and the time you get off. Most businesses do not have much flexibility. Even owning your own business isn?t always the answer. Some businesses can become very demanding. You may think you own your own
business when in reality the business may own you.
Your networking business is usually started on a part-time basis. You are always in control of the time you put in. You decide the hours you want to work. By giving up a little leisure time, putting aside the TV, bowling leagues or a night at the movies, you can receive great dividends down the road.
No Special Licenses or Training Required
To become an attorney requires several years of schooling and then bar examinations to pass. Doctors require even more schooling and training. You start with a heavy debt burden before you see your first paying customer.
Even many of the trade occupations require apprenticeships before you can be licensed and have your salary or hourly wages increased.
In networking there are no exams to take. No special licenses to acquire. No unions to join.
Duplication of Efforts
In a professional business such as a doctor, dentist or attorney, it is the proprietor of the business that is really earning the money. The staff is there only to assist and they add to the overhead. For instance, if the doctor is on vacation, there are no income producing activities, yet the overhead stays the same. The money that is earned is mainly because of his efforts. When he is not working, the money machine stops.
Very few people ever become wealthy without duplicating their efforts through others.
Network Marketing has been called "The small man's franchise." You are actually setting up distribution centers throughout the country and throughout the world, yet you don?t have the fees and the overhead associated with franchising. You are paid every time product is moved through these distribution centers. The more distribution centers you have, the higher your income.
J. Paul Getty said, "I would rather be paid 5% on the efforts of a hundred people than 100% on my own efforts".
No Large Inventories to Drain Your Capital
Many companies have a large amount of their assets tied up in inventory to supply their customers, which can also lead to additional taxes at the end of the year. In most product oriented companies, bank loans are required just to get started because of the necessary inventory.
In networking no large inventory is required since the company ships the product directly to the distributors in your downline. The distributors in your downline simply call a toll-free number, place an order and you receive the credit for the sale without even being involved in the process.
No matter what your race, color, religion or gender you can succeed in networking. It is the most colorblind of all businesses. Your background and education doesn?t matter. Your success or failure depends solely on your own ability and not on someone else?s prejudices.
The annuals of networking history are loaded with the success stories of minorities who had never been given an honest chance in the normal business world and who are now debt free and financially strong.
A salaried employee has no tax related deductions, except the interest on their home mortgage.
Can you imagine going to resorts for conferences and being able to deduct it as a business expense? Once you are a self employed person, many tax advantages open up for you; travel to and from your appointments and meetings, a home office, etc.
No Regulatory Problems
The networking company you represent will take care of all regulatory requirements set up by the governments, local, national and international. They will have the necessary skills, knowledge and personnel to take care of this area.
And the cost to you? Nothing! It is all a part of their support to help you succeed in your business.
You will be able to run a national and international business from the comfort of your home with nothing more than a phone, fax machine and a computer.
With more and more regulations being imposed on businesses by governments worldwide, it has become an administrative nightmare. A serious business needs to hire specialists to keep up with the regulations.
Since each distributor is an independent agent, you have no employer-employee relationships. No payroll taxes to fill out, no government agencies or forms to worry about. Your job is to recruit and train. The networking company you represent takes care of the rest.
In the corporate world, most of the time people are looking over their shoulder wondering who is gunning for their job, wondering if they will get that raise or promotion they are counting on. And usually you have no choice who you work with. This can lead to a great amount of frustration and insecurity.
In networking you have just the opposite. You are in business for yourself but not by yourself. You have a whole upline group that is pulling for your success, people who will go out of their way to help you succeed. You chose the people you want to work with. You are surrounded by people with a like mind and it creates a positive, exciting environment.
No Account Receivables or Collection Problems
Account receivables have destroyed many businesses. Collection problems can be costly and bad for customer relations.
Since networking is done on a cash and carry system, you have no negative cash flow. As mentioned earlier, your organization, both distributors and customers can call a toll-free number and place their orders. You never even have to handle the money.
The only money you have to worry about is how to spend your check.
Doctors and attorneys can go to school for years and spend a staggering amount of money while being trained and schooled, then start their business with an already heavy debt burden. In Networking you may have the cost of a few books, some tapes or an inexpensive training session. You begin to make money even while you are being trained, unlike many professional occupations.
You actually earn while you learn.
No daily or weekly intensive and expensive classes to attend. No professors watching over your shoulder or exams to pass. Much of the learning that will take place will be easy and convenient; listening to a tape while driving in your car, watching a video at your convenience, arranging 3 way calls with your mentor or attending a training session on a week night or weekend.
Unlike the professional occupations where you make no money until after years of schooling, in networking you can begin to make money immediately, even while you are being trained.
A good networking company today will pay you on a weekly basis. No more waiting for your check which only comes once a month.
Unlimited Income Potential
Most people trade their time for money. You want more money, you work more hours or get paid more per hour. There are only so many hours a week a person can work. Though professionals are paid more per hour than salaried workers are, they still reach their limit because they are limited by what only they personally can do. Eventually a person being paid through their own efforts will reach the top of their earning potential.
How would you like to be paid what you are worth instead of what a job is worth? That is what happens in networking. No longer are you limited by the confines of your job description. There is no artificial ceiling put on your earnings.
A good marketing plan will have a seamless worldwide compensation plan. The possibility for unlimited expansion means the chance for unlimited growth of income. As you sign up new marketing representatives into your organization and they in turn do the same, your organization will grow at an accelerated rate and as more products are moved through your organization, your income
In networking you can have income without personally creating that income.
A good business offers a product that people want, need and can afford. A product with an emotional appeal will also be recession proof. People buy on emotion, not logic, and will want your product no matter what the economy is doing. True business success lies in repeat sales and offering a product that fills a universal need.
Not Effected by Local Economy
You want a business that is separated from the local economy. If you rely only on local sales, any time a natural or man made disaster occurs or economic hard times come, your business will be effected.
As stated earlier, in networking, you are able to cross city, state and even country boundaries to build your organization. You are not limited by any economic climate in any given place. Things could be slow in one area yet
booming in another.
Geographical diversification can add a measure of stability to your business.
A networking business can be transferred at death in a will and unlike almost all conventional businesses, this type of business can be transferred estate tax-free. You are transferring cash flow, not highly taxed capital assets.
You will be able to continue to financially bless the members of your family with a residual income that you have built that goes on even past your death.
What conventional job offers that?
By Floyd Holdman