There is an important lesson to be learned from the comparison of traditional business models to Network Marketing. I’d like to discuss the top 10 key benefits making network marketing opportunities great businesses. Feel free to use these benefits to promote your opportunity and to recruit partners into your organization.
1. Small amount of risk:
There is a certain amount of inherited risk involved when you become an entrepreneur or small business owner/proprietor.
We are confronted with losing money, wasting time, not being in profit right away, etc. In a traditional brick and mortar business, the startup cost associated with opening that business is what holds many people back from becoming the creators of their own destiny.
People don’t like risk and try to avoid it at all costs. We’d like a bona fide guarantee and we are inclined to maintain our comfort zones. In business, you can’t totally eliminate risks, you learn to minimize them.
The advantage of starting a network marketing business is that your risk is minimal. Typically, with a few hundred dollars, it is possible to get started with a company of your choice, marketing products or services you may consume already. The initial financial commitment is insignificant compared to that of traditional businesses, and it diminishes even more drastically in comparison to the potential ROI.
2. A huge demand for good quality products/services:
There are a plethora of network marketing companies that represent very good products and/or services. If I were considering a company to get involved with, I would always ask myself:
- Would I consume these products/services if I wasn’t selling them?
- Does my product/service bring any benefit to consumers aside from an opportunity for making money?
- Would I bring value to my clients if they consume my products/services?
- How vulnerable are my products/services to a changing economy?
- Are my products/services faddish?
Every business wants and needs repeat customers. Distributors only get paid when they have consumers for their products, and when these customers continue that consumption, that creates a continually growing stream of income.
3. Residual Income:
I am sure that you pay your gas, your electric, and your phone bill every month, or that you at least understand the need to. These are the types of services that, for the most part, provide an ongoing stream of residual income.
The greatest advantage of a network marketing business is it gives you an opportunity to enjoy residual income just like major companies. Herein lies the greatest point of importance; if you can do one thing, one time and get paid over and over for that one thing, you have residual income. If you must continue to sell products or services to create or maintain your income, you’ve bought yourself another job.
We are so used to trading our time for wages that we often don’t see or understand the concept and power of residual income, but this is what a viable network marketing opportunity affords you.
4. The income potential:
There is no cap on how much money you can generate. In corporate jobs, the big limitation is regardless how hard you work for these companies; your income is tethered to a “market standard” for someone with your skills. The network marketing industry has produced more millionaires, of average people than any other industry in the world.
In a network marketing business it is up to you to decide how much you want to earn. A network marketing company doesn’t hold you back in the same way the corporate environment does. These companies actually incentivize your increased productivity and wealth creation.
As long as you have the skills sets of a trained network marketer, you can make whatever income you desire, based on your drive, dedication, diligence, persistence, and your willingness to truly help others.
However, the skills sets are the key. Once you’ve trained yourself to become a marketer, you can effectively market anything you choose and generate the income you seek.
5. No employees to hire:
By far, this is a clear advantage over traditional businesses. A network marketing company is a business of people interdependently working together.
Without any employees, it’s possible to build a business right from home. This industry gives you the added benefit of being in business without employee’s concerns, excuses, disinterest, negative dispositions, etc. By having a network of independent business owners working together towards a common goal, you can achieve the results of major corporations without all the overhead and headaches.
6. No inventory to carry:
Traditionally Network Marketing companies would have distributors stack up on inventory. This concept alone has given the industry a bad rap for years. However, modern companies do capitalize on the technology and tools available. We have:
- Internet telephony
- High-speed internet
- Drop Shipping/Auto Shipping
- Teleconferencing
- Web Conferencing
- Automated Customer Relationship Management Systems
Not having to maintain an inventory of products will make your business more agile in any market condition.
7. Low operating Costs:
The network marketing model makes it possible to run a business at low cost. When compared to more traditional business models, network marketing remains unquestionably the more sensible choice.
This is where your up-line’s support should come in. A good up-line mentor should allow you to piggyback on their expertise, knowledge, personal power, and help you generate the funds to pay off your initial investment and get into profit early in the life of your business.
8. Leverage:
Your network marketing business is a:
- People business
- Scalable business
- Duplicable system
- Business of synergy and team work
- Business that increases personal productivity exponentially
You can reap unspeakable rewards by leveraging the efforts of those you help. This develops a collective mindset that promotes “win-win” relationships. This business model is elegant because everyone can share in the same lifestyle and fortune as those over them.
9. Portability:
With the advent of technology, we can do today what distributors 15 years ago could not do and that’s make our business portable. We now have phone technology that allows you to take your telephone and move it anywhere you like, and it’s transparent to your prospects, clients, and partners. As long as you have access to the Internet via DSL or Cable, you can take your computer, your phone, and continue doing business while you are on the road, on vacation, or visiting relatives whether in another city or another country.
10. The attainable freedom:
Imagine having a productive business in network marketing, providing you a lifestyle that, in times past, only the rich and famous enjoyed. When all the pieces are in place, the life of a network marketer can be very fulfilling indeed.
That’s the dream every new distributor hopes to realize, and it is only attainable when there is a clear understanding of how to get there and when your marketing skills are sharp. Therefore, it’s not just the money, but the fulfillment of dreams and the attainment of the highest quality of life that makes a network marketing business the best business to engage, and the system is what makes it all happen, period!
If you’re interested in how you can attain total freedom, if you’re ready to take the limits off your income, if you’re determined to fulfill your dreams and live your life the way you intend and desire; contact me at rashiidkcoleman@4regalliving.com or 484-693-1616. I’ll be waiting for you on the other side.
