Network Marketing also known as MLM (Multi-Level Marketing) seems to be the new way to go, many wonder why. If you haven’t noticed, we are in a middle man economy. Why do you think Uber is taking over the Taxi business and own no cars? Why do you think that Airbnb are selling more rooms than hotels and but own no real estate?
When you are looking to open a business and become an entrepreneur why go into business for yourself by yourself just to reinvent the wheel?
The best thing I will suggest is to invest into a franchise where the brand and trust is already there, you don’t have to put in the hard work to build the brand. Most franchises are already household names. Plus anybody can do this no matter what their background is.
Understanding the value of marketing for the non franchise investor.
Another suggestion is to get with the Networking Marketing game. With Network Marketing you can make residual income. Residual income aka recurring income which means you make money over and over every month from a single sale. Wouldn’t you rather get paid more than once and not a single payment from one sale?
Now the money that you bring in monthly from that one sale becomes passive income, because now that is money coming in continually without requiring you to work for it; the money comes in whether you are asleep or at the beach! This has been one of the main draws of network marketing and has been referred to walk away money. With Network marketing you have a phenomenal motivation and accountability team.
If you start your own business it’s not guaranteed that you will make money right away. It’s more likely that you will start to make money a lot sooner with venturing into a multi-networking marketing company. Besides if you are seeking to become a business owner/entrepreneur you should get your feet wet with investing in a company such as a franchise or network marketing company so you can get a feel for marketing, interacting with different people, customer service skills, sales and rebuttal skills and so on and so on. You also start to build your book of business.
Some of the advantages that most like is that you can produce at your on speed and on your own time. No clocking in and answering to nobody but yourself. So it’s all up to you on how much you put out which equals to what you get. It’s a number’s game. It’s greater pay with less work. No hard labor at all. Plus no commuting back and forth in rush hour traffic to the same place every day to punch a clock. You have the luxury with being at home and networking with all types of great people while having fun while you work! Remember your network determines your net worth.
So now that you want to become an entrepreneur keep in mind that it is a big roller coaster so jump on and get stay ready for the ride. No sugar-coating it here. You will have tons of down days but you must get up and keep going and that’s what I love about networking marketing companies, the support is there in full effect. Its team work.
3 of Key’s Tips and Tricks for choosing the right network marketing company.
- Look into the owner’s and management team experience, their mission, track record and if their people with integrity.
- The products must be of value, not overpriced or sold in stores.
- Be sure that the commission is paid on the sale of the product and not just on membership fees. Which means you make money if your network just consumes products and don’t recruit anybody.
Article by: Shynna Key- The Financial Fanatic
Financial & Business Contributor
Empowering You To Build Your Empire!
Feature Image by: Olu Eletu