There are various reasons why network marketing has become the business opportunity of choice for most seasoned entrepreneurs and novices alike. I have identified five which I consider really make network marketing a business opportunity that appeals to anyone. They are...
The major reason why network marketing is the ideal business opportunity for anyone is leveraging. Without leverage there is no network marketing.
Leverage is at the core of any successful network marketing organisation. Look at any succesful network marketer you know, you will find that the basic element that makes his/her business sustainable is leverage.
What do you leverage?
You leverage your time and effort.
By expanding your business.
By setting up other people in their own businesses similar to yours, commomly known as recruiting or sponsoring. By sponsoring others, you profit not only from what you sell directly, called retailing, but you also profit from the sales of those you sponsored and those they sponsored, up to several levels deep, depending on your multi-level marketing company's compensation plan.
Many network marketers fail to understand why network marketing works and as a result fail to make any progress in their businesses. Needless to say, they will come up with reasons why network marketing does not work.
Network marketing is the only business model I know of where the power of leveraging can be used with virtually no financial risk, and this makes it a...
It is human nature to always want more. Without this craving there will be no growth. We will all be stagnant. It does not matter whether you are a communist, a capitalist, a socialist or anything in between. It does not matter what religious believes you hold either. As long as you are human, you will always have this craving for more. You cannot not have it.
What is unfortunate is that with the traditional 9 to 5 job, most people end up living from pay check to pay check. There is too much month at the end of the money, to paraphrase Jim Rohn. They are unable to meet their families' monthly living expenses, not to mention buying a few luxuries here and there, or saving for the days when they cannot work anymore.
Remember the credit crunch? This natural inclination to want more may have been the cause.
There will always be a constant need for more money. Network marketing can fill this need for you regardless of your current financial position. It provides anyone the opportunity to earn extra cash. You don't have to quit your current job, which means...
Unlike the 9 to 5 job or the traditional business, when you start in network marketing you are free. You are free to choose how you want to work, who you will work with, when you will work and how many hours you will work at any given time. This is possible because the power of network marketing lies in leveraging.
The beauty of this is that you can work part time in this business until you build a sustainable network marketing business.
Residual income is one of the major reasons why network marketing attracts so many people, as well as people from all walks of life. Residual income is the income that you work for once, and will receive over and over again. An example will suffice here.
Take any bestselling author you know of.
He/she writes a book, which possibly takes a year to finish writing and have it published. During that year he/she will probably earn nothing form his/her work. But once it is published and hit the stores, the author will earn royalty income from every book sold.
It may be a small amount of money if you look at the individual book sold. But imagine what that author would earn if he/she sold a million books and earns just $1 per book. That is residual income.
Some people confuse residual income with passive income. Passive income is the income you earn even if you did nothing. An example is the interest you earn on money you put in the bank.
Again, because of leveraging you can, over time, build a sustainable residual income stream for yourself, and thereby buy yourself...
What is more important to you, money or more time? If you were like most people you would have answered 'more time'. Why? Because given enough money to cover all your needs, chances are you would not continue working the way you do now.
In a job environment we are trading our most valuable asset - our time - for money. We are actually paying for money we receive from our employers or businesses with our time.
I said earlier that the major reason why network marketing is the ideal business opportunity for anyone is leveraging, and that you leverage both your time and effort. By leveraging your time, network marketing affords you the opportunity to buy more money with less time, thereby freeing up most of your time. It is the opportunity to create free time that attracts some people to network marketing.
Follow this link for more reasons why network marketing is such a great business opportunity. You can only be outside of it at your own peril.