Times are getting tough for many families & individuals all around the world. Most people find themselves needing to juggle at least two random jobs at any given time, not only to pay the bills, but to have a sense of job security as well. Inflation, mandated healthcare policies, and the increased tax put many big businesses in a position where they need to downsize in order to keep up with their expenses. A large portion of those expenses, and the reason why many have lost jobs, goes towards shelf space at department stores for the company’s products, and/or the advertising of their goods/services. A network marketing business uses a franchise like model for consultants, and relies mostly on word of mouth for advertising. Before you go and get yourself a second, third, or even FOURTH…um…job(gross), you should really do your research and get educated on what you are actually doing when you own a network marketing "business".
“Isn’t That One of Those Pyramid Schemes?”
Most of you have probably had that one friend or family member who has tried to sell you their candles, vitamins, cosmetics, or some other product or service that also came with an option to sign up as a distributor or consultant for the company. Your friend or family member probably informed you that the more people you sign up the more residual income you could receive from the work of others. This leads you to believe that what your friend or family member is involved in is a “pyramid scheme”. This is false. What you are thinking of is called a Ponzi Scheme, and the way you tell if a business is a Ponzi Scheme is if whether or not the investors or customers are actually receiving something of value for enrolling into the network marketing business, i.e. actual products or services. The Ponzi scheme is an illegal business practice, an example would be a business where you get paid a commission to enroll new members, then you earn a residual commission from those member’s enrollments but no goods or services are ever exchanged except the actual enrollment itself. Sound familiar? The Social Security program is the largest Ponzi scheme ever devised, but for some reason it is okay because it’s government business(but that’s a whole other issue). The actual enrollment process of any legal network marketing company is usually an agreement to abide by their terms of service, because since they rely on word of mouth for a large portion of business they expect their representatives to conduct themselves in a professional manner to protect the company’s integrity.
As far as the whole pyramid shape misconception, that only those who get enrolled early at the top get paid, that is also false. Most programs and organizations are structured in a pyramid shape. That place you work for, trading your time for money, is structured in a pyramid. The owners and directors are at the top, then the CEO’s and corporate management, all the way down to the basic part-time employees making up the large bottom portion of the pyramid. Boy scouts, Girl Scouts, your church, sports teams, any organization, business, or program has a pyramid shape infrastructure. Those who are nearest the top do typically make more money than those at the bottom, but in a good network marketing business you are paid based on how productive you are as an individual, opposed to your job where no matter how productive you are you will be paid no more than your position’s maximum rate. The fact is that you are five times likely to generate a six figure income from working a network marketing business than you are trying to work your way up the pyramid (the corporate ladder) of the place that employs you. There are a number of other benefits people are beginning to recognize from network marketing businesses that are inspiring those individuals, who are finding it increasingly difficult to find quality jobs to make ends meet in today’s economy, to become self-employed.
The Benefits People Often Overlook
Why should you care about a network marketing business? We explained that the economy is rough for business owners, which in turn makes life financially harder for the employee of those companies, so becoming self-employed is an increasingly popular concept as common employment becomes more and more unreliable. Unfortunately for many people, they have no idea where to start when it comes to building a business from the ground up. Network marketing businesses are self-employment opportunities that do not require someone to have an MBA or any formal business experience in order to get started. Here is a list of other benefits people typically overlook:
Personal Development : network marketing is a business driven by an individual. People enroll with the individual and their personality, not necessarily the compensation plan, or products.
People skills: a good network marketing business encourages reps to work together towards common goals in order to succeed in the business. Any individual will not get far unless they are helping others do the same.
Getting Paid for your effort opposed to your time: if you are focused and productive with your efforts you will get compensated many times over what would normally take you many hours to earn from your job alone.
The opportunity to work smart: There are many ways to work a network marketing business, and if you are creative and abide by the terms of service you can get a lot done without sacrificing your valuable time.
Sales Skills: No one jumps for joy when they think about having to sell something to individuals, but in network marketing you learn a lot about yourself, because it’s not just the products and services you sell but yourself as well. You, what you believe in, and what you value most, are the customers first impression of the business you represent.
An instant income stream option: Have you ever stopped to consider what you would do if you lost your job, or lost your retirement fund? It takes months to successfully take a business idea and turn it into a tangible asset that creates a cash flow, however a network marketing business is an already built business with a winning business plan that you can just plug yourself into and get right to work.
You can take your business with you: wherever the company is sold is where you can work! There are some network marketing businesses that span all across the world, so freedom to travel is an option and not a privilege that will require you to have vacation time to cover.
Bonuses for your efforts: Many network marketing companies reward their reps with bonuses that range from monetary compensation, exotic trips, cruises, to brand new vehicles! Oh, but your job gave you a sweet parking spot for receiving employee of the month? Cool…
There is a business for everyone: You don’t have to settle for selling candles, cosmetics, or cookware. There are a multitude of different network marketing businesses out there that offer all kinds of different products and services. We suggest you do your research and choose a company whose products or services you will use for yourself regardless if you can sell to anyone else. If you believe in your company’s products and/or services, others will catch the vapors.
You surround yourself with like-minded people: Your team members or network is made up of people who share an interest in your goals with positive reinforcement! This creates a healthy work environment for everyone involved, instead of an environment where you are in competition with your coworkers to get noticed for that next promotion.
You are Already in the Network
If you want to succeed in the fast paced world of today, you will understand the power behind networks. Everywhere you look today you see networks, busy sending and receiving information from one source to another. If there was ever a better time to get involved in a network marketing business to create an optional stream of income, it is now! With social media giants like Facebook, Twitter, LinkedIn, Youtube, and a slew of others being introduced, your probability for success in a network marketing business today has multiplied astronomically since they first emerged in the late 1800’s! Those who understand there is no longer any security in just being employed by a business will seek out self-employment opportunities. Network marketing is a realistic option for those who aren’t very savvy, and all the way to those who are the most seasoned sales pros. Those who can identify a Ponzi scheme when they see one will be able to involve themselves with a winning company. Finally, those who are able to think outside the box and recognize the real benefits a network marketing company offers will be the individuals who will succeed in the business.
Most of you have probably had that one friend or family member who has tried to sell you their candles, vitamins, cosmetics, or some other product or service that also came with an option to sign up as a distributor or consultant for the company. Your friend or family member probably informed you that the more people you sign up the more residual income you could receive from the work of others. This leads you to believe that what your friend or family member is involved in is a “pyramid scheme”. This is false. What you are thinking of is called a Ponzi Scheme, and the way you tell if a business is a Ponzi Scheme is if whether or not the investors or customers are actually receiving something of value for enrolling into the network marketing business, i.e. actual products or services. The Ponzi scheme is an illegal business practice, an example would be a business where you get paid a commission to enroll new members, then you earn a residual commission from those member’s enrollments but no goods or services are ever exchanged except the actual enrollment itself. Sound familiar? The Social Security program is the largest Ponzi scheme ever devised, but for some reason it is okay because it’s government business(but that’s a whole other issue). The actual enrollment process of any legal network marketing company is usually an agreement to abide by their terms of service, because since they rely on word of mouth for a large portion of business they expect their representatives to conduct themselves in a professional manner to protect the company’s integrity.
As far as the whole pyramid shape misconception, that only those who get enrolled early at the top get paid, that is also false. Most programs and organizations are structured in a pyramid shape. That place you work for, trading your time for money, is structured in a pyramid. The owners and directors are at the top, then the CEO’s and corporate management, all the way down to the basic part-time employees making up the large bottom portion of the pyramid. Boy scouts, Girl Scouts, your church, sports teams, any organization, business, or program has a pyramid shape infrastructure. Those who are nearest the top do typically make more money than those at the bottom, but in a good network marketing business you are paid based on how productive you are as an individual, opposed to your job where no matter how productive you are you will be paid no more than your position’s maximum rate. The fact is that you are five times likely to generate a six figure income from working a network marketing business than you are trying to work your way up the pyramid (the corporate ladder) of the place that employs you. There are a number of other benefits people are beginning to recognize from network marketing businesses that are inspiring those individuals, who are finding it increasingly difficult to find quality jobs to make ends meet in today’s economy, to become self-employed.
The Benefits People Often Overlook
Why should you care about a network marketing business? We explained that the economy is rough for business owners, which in turn makes life financially harder for the employee of those companies, so becoming self-employed is an increasingly popular concept as common employment becomes more and more unreliable. Unfortunately for many people, they have no idea where to start when it comes to building a business from the ground up. Network marketing businesses are self-employment opportunities that do not require someone to have an MBA or any formal business experience in order to get started. Here is a list of other benefits people typically overlook:
Personal Development : network marketing is a business driven by an individual. People enroll with the individual and their personality, not necessarily the compensation plan, or products.
People skills: a good network marketing business encourages reps to work together towards common goals in order to succeed in the business. Any individual will not get far unless they are helping others do the same.
Getting Paid for your effort opposed to your time: if you are focused and productive with your efforts you will get compensated many times over what would normally take you many hours to earn from your job alone.
The opportunity to work smart: There are many ways to work a network marketing business, and if you are creative and abide by the terms of service you can get a lot done without sacrificing your valuable time.
Sales Skills: No one jumps for joy when they think about having to sell something to individuals, but in network marketing you learn a lot about yourself, because it’s not just the products and services you sell but yourself as well. You, what you believe in, and what you value most, are the customers first impression of the business you represent.
An instant income stream option: Have you ever stopped to consider what you would do if you lost your job, or lost your retirement fund? It takes months to successfully take a business idea and turn it into a tangible asset that creates a cash flow, however a network marketing business is an already built business with a winning business plan that you can just plug yourself into and get right to work.
You can take your business with you: wherever the company is sold is where you can work! There are some network marketing businesses that span all across the world, so freedom to travel is an option and not a privilege that will require you to have vacation time to cover.
Bonuses for your efforts: Many network marketing companies reward their reps with bonuses that range from monetary compensation, exotic trips, cruises, to brand new vehicles! Oh, but your job gave you a sweet parking spot for receiving employee of the month? Cool…
There is a business for everyone: You don’t have to settle for selling candles, cosmetics, or cookware. There are a multitude of different network marketing businesses out there that offer all kinds of different products and services. We suggest you do your research and choose a company whose products or services you will use for yourself regardless if you can sell to anyone else. If you believe in your company’s products and/or services, others will catch the vapors.
You surround yourself with like-minded people: Your team members or network is made up of people who share an interest in your goals with positive reinforcement! This creates a healthy work environment for everyone involved, instead of an environment where you are in competition with your coworkers to get noticed for that next promotion.
You are Already in the Network
If you want to succeed in the fast paced world of today, you will understand the power behind networks. Everywhere you look today you see networks, busy sending and receiving information from one source to another. If there was ever a better time to get involved in a network marketing business to create an optional stream of income, it is now! With social media giants like Facebook, Twitter, LinkedIn, Youtube, and a slew of others being introduced, your probability for success in a network marketing business today has multiplied astronomically since they first emerged in the late 1800’s! Those who understand there is no longer any security in just being employed by a business will seek out self-employment opportunities. Network marketing is a realistic option for those who aren’t very savvy, and all the way to those who are the most seasoned sales pros. Those who can identify a Ponzi scheme when they see one will be able to involve themselves with a winning company. Finally, those who are able to think outside the box and recognize the real benefits a network marketing company offers will be the individuals who will succeed in the business.
