When I speak to others about network marketing, I sometimes get the raised eyebrow look like I am crazy to even think that would be an option to consider, to make a living let alone become financially successful for the long haul. But have you seriously considered the benefits vs the pitfalls of starting a network marketing business as compared to starting a traditional one.
It is often said that network marketing is the perfect business. Not everybody shares this positive opinion of the industry. Many people think quite the opposite of network marketing. I know that when I speak to others about my network marketing opportunity, some people would laugh when I refer to it as ‘the perfect business opportunity because they don’t even consider it a business in the first place.
Really.
They might still have the picture of a bunch of housewives gathering around the kitchen table selling trinkets, guys going door to door carrying their vacuums and encyclopedia books, the occasional phone call from some unknown telemarketer peddling their wares, or setting up a table at the local flea market as a hobby. Obviously not everybody evaluates a business by the same criteria but with global revenues exceeding 100 billion dollars it just doesn’t fit the description of a hobbies anymore. Network marketing businesses are serious business.
Robert Kiyosaki is a good example of a successful entrepreneur and best selling author, who has not made his fortune in network marketing. Click here to listen to him speak about the benefits of network marketing
The interesting fact about him is that He isn’t even in the business. But he is a strong advocate of the industry because of its power and potential. He also explains why, in his opinion, this industry offers the best chance of success for an individual that wants to start a business these days. He claims that network marketing companies have a system in place, much like a franchising formula, that have proven to produce results if you stick to the system.
So if I have an established network marketing opportunity to offer someone and it is indeed a business, the question still remains: “How perfect is it?” To answer this question let’s look at this from the perspective of someone that wants to go out and start any business.
When considering a network marketing business vs a traditional business like a restaurant or retail store as examples, there are many similarities and of course differences to consider.
If you were to start a traditional style of a brick or mortar business the first thing you need would probably be money and a ton of it.
You would need to talk to a bank or access a source to get a lot of money either an angel, or a really rich uncle or grandparent. this initial influx of money would be used for set-up, acquisition of a location, fixtures, equipment, stock and inventory, hiring and training employees, marketing and advertising, operating costs like insurance, utilities, maintenance and so forth, getting the business open. Now let’s say you qualify and you get the money from the bank or get the money by mortgaging your house to the gills. What next, you go out and start your business.
You rent the space for your store or office and in doing so you have to put down a deposit for the first month or two and you probably have to sign a contract for a minimum duration of your lease. This will account for at least a couple of thousand dollars. Then you have to get the furniture and equipment to make your business actually look like one. Depending on your type of business that can range from hundreds to many thousands of dollars that you must spend just to get your business up and running.
Of course it doesn’t end there. You’ll have to take care and pay for the following just to open: property, casualty, work-mans comp insurance, advertising, accounting, legal fees, permits, licenses, taxes and a bunch of other things that you may not have anticipated, but will prove to be necessary nonetheless. In most of these cases it will take someone else’s knowledge and that someone wants to get paid for their service.
Now you may realize that with all of these things to take care of you’re required to work your business full time, meaning 12 to 16 hours or more everyday. This is not full time like 40 hours on a job.
Most entrepreneurs work 60-80 hours or more per week. Still, you can’t be in the store all day and do it all by yourself. So you decide to hire people to help out. Here comes the nightmare of all companies: employees, payroll, payroll taxes, and the headaches of scheduling paying and controlling labor costs. and the government regulations involved.
Employees will work hard when you’re there and slouch when you’re not. When they show up late or call in sick, you have to cover for the missing employee and work their spot in your store. And they’ll never work as hard as you do, because it’s not their business, it’s only their job. Nevertheless you must pay them before you can even pay yourself.
And then we haven’t even discussed all the outside factors like: competition, ever changing government regulations, technology, city circulation plans, customers that refuse to pay and too many more to mention. A change in any single one of them could put you out of business in no time. The sad truth is that over 90% of all new businesses go out of business within the first five years of their existence. Yet how much money do you put on the line to have a chance in a business like this?
Now let’s compare this with the business of network marketing and see what the differences are. If you start your own network marketing business the initial investment is very low; probably less than $500 -$1000. You don’t need an office or a store to rent because you work out of your home. There are huge tax breaks and write offs for home businesses that are not available for traditional business models. There is no need for extra insurance, legal fees or expensive marketing advice, because all of these things are taken care of by any good network marketing company. Most companies also offer valuable training at minimal cost or free that will vastly increase your chances of success.
You can start your business part time and you can work when and where you choose. Perhaps the most important advantage of the network marketing business model it the leverage is offers. You can leverage yourself by introducing others to the business opportunity and sponsoring them into your business and helping them build a business for themselves. Yet these people on your team are not your employees, they each have their own business, get paid commissions and residual income based on their efforts, not just yours.
Therefore they’ll be more motivated to work because they are not working for you, they are working for themselves. This way you can build a network of thousands of independent distributors scattered all across the globe through different levels in your organization that you can benefit from. It’s like having thousands of stores all over the world without having to pay rent on any of them.
Does this make network marketing perfect? No, of course not. Nothing is perfect but anyone who seriously evaluates network marketing can’t help but come to the conclusion that it offers some remarkable advantages over traditional business.
Watch the following video presentations by Ray Higdon showing How You Can Explode your income with a Numis Network Marketing Business collecting gold and silver coins and purchasing The Accelerator Collection:
How to make money with the Numis Compensation Plan and Rank Advance with the Accelerator Collection
Bottom Line: The question is How Fast Do You Want To Accelerate Your Business and Profit from duplication by Other Members as they Join Numis Network?
Here’s living the life you truly dream about!
Always in prosperity,
Terry Sauerbier
eMail terrycsauerbier@gmail.com
Phone 1 (585) 204 2189
Check out my personal blog at: www.TerrySauerbier.com
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P.S.
If you want a step-by-step system to build a turnkey successful direct sales business, generate leads online weekly, learn online marketing like a pro, and make money based on a proven method, click here. (You’ll need to authorize the app to watch the presentation.)
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