Thank you to Michael Dloughy my good friend and mentor for this wonderful article from Success in 10 steps. It shows some of the advantages which are available within the Network Marketing and MLM industry. As you can see there are lot of benefits which are available when doing network marketing and running your own business. Please remember though that the laws are different from country to country and each person is responsible for seeking their own advice and considering their own circumstances. Also that it is finding those people who are willing to assist you to earn the income you so desire. It also means finding those professionals who will give you the rite accurate and truthful advice.
Network marketing does have many advantages for those people who are entrepreneurs at heart. As Michael says you can get a income from network marketing without even being talented and just showing your passion for what you have achieved and done.
If You Want To Be A Winner, Raise Your Hand
A home business offers the following:
1. No Boss. Plan your own workday. Monitor yourself. Set priorities. Set it up so it’s fun for YOU.
2. No income ceiling.
3. Self-satisfaction. YOU create the business. YOU get credit.
4. Work with people you like. No difficult co-workers. No office politics.
5. Flexibility. Work the hours you want to fit in with your life & family. If your best working hours are 2 am to 5 am, you’re free to do that.
6. No commuting. Save time & money.
7. No office expense = quicker profit.
8. Security. No layoffs. No downsizing.
9. Tax deductions: home office, car expense, medical insurance, phone, enter- tainment, travel, education, etc.
10. Better retirement plan: SEP IRAs & Keoghs let you deduct a higher per- cent of business profit than your 401K.
Additional benefits of an MLM opportunity:
1. Low start-up cost: You can probably get everything you need to start, in- cluding leads to follow up with, for less than $300. Most businesses take thou- sands of dollars in start-up capital.
2. No expensive training. In fact, I’ll train you and ALL your people to succeed in this business, 5 nights a week on the phone at 8 pm Eastern time, for FREE!
3. No administration hassles. You’re self-employed, but you’re a rep for an established company which handles all the product selection, research & devel- opment, shipping, warehousing, etc.
4. Keep your regular job until your “part-time” income is high enough to re- place it.
5. No expensive tools necessary. You need a phone. A computer is helpful. But your most critical tool is people skills, and we will teach you those FREE!
And Finally, The 8th Wonder of the World:
6. Residual Income. You profit from the product purchases & sales of every- one in your group.
Nothing is more important to your financial future than the “residual income” concept. Let’s dig into it a bit.
To qualify for a paycheck, you must purchase X amount of product each month. When you sponsor someone, you get monthly commissions on THEIR product purchases, for as long as they re-order. To increase your monthly income, just add NEW distributors to your organization.
You also profit on your ENTIRE group’s purchases. Once you’ve built a big group, most of your income comes from the work of others. (Which beats the heck out of an hourly wage and ZERO income when you don’t work!)
An MLM home based business pays into the future for work you did in the past. As you help your people build their own organizations, YOUR income grows.
Which means there’s a HUGE incentive to your sponsor to help YOU succeed, since they get a percentage of the sales in your group.
So to be successful fastest, align yourself with a group that provides a turnkey plan for the crucial elements of building your business:
1. Lead Generation
2. Prospect follow-up
3. Sponsoring
4. Training your reps to do exactly the same thing.
From Success in 10 Steps written by my good friend and mentor Michael Dlouhy,
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