Network Marketing, also known as MLM or
Multi Level Marketing, has been described as the ideal
business. It takes only a low investment to get into and it
offers the opportunity to earn great wealth. Network marketing
has been a life changing business for many thousands of people
throughout the world. This is a business where you can fulfill
your dreams by helping others to make their dreams come true.
The Ideal Business
In multi level marketing, your background does not matter.
You can be a high school drop out or have a PHD. You could be
working for minimum wage or be a highly paid professional. Your
race does not matter; your sex does not matter. All that does
matter is your desire and your willingness to work the business
as you're taught.
With your MLM business, you can enjoy time and financial
freedom. You set your own hours so you work when it is best for
you. If you want a day off, or the week, or the month, it is
your decision, you're the boss. The commute can now be a short
walk down the hall to where you have your office setup. No rush
hours, no driving in inclement weather.
When operating your business, you are building your dreams,
creating the lifestyle you want. You can operate your business
from where ever you want. The business is portable, it travels
with you, it moves with you.
"Network marketing is an ideal business model. As they say,
'your in business for your self, but not by yourself.' You have
mentors that will teach you the business, as you will become a
mentor to others. The more successful you can help others to
become, the more successful you will be."
On the plus side, many millionaires have been created in
this industry. Many of them are living the dream life, they
work from home, have dream homes, travel, spend quality time
with family. They have created organizations and a customer
base that provide them with overrides and residual income that
give them a life of luxury and a lucrative retirement.
The negative side is that there are those who have lost
thousands of dollars. They experienced a lot of hype. After
investing in a lot of product and tools, they found the
products were greatly overpriced. They were required to
continue to make high monthly product purchases to maintain
their business eligibility to receive income. Others found the
training to be very poor.
You will find lovers and haters of this industry. Let us
take a look at the industry so you can decide if it should be
part of your home based business strategy.
How It Works
In Multi Level Marketing, you are an independent contractor
marketing the products or services for another company. You are
in business for yourself, but not by yourself. It is much like
a franchise, but without the cost and generally without
territorial restrictions. The company trains you on the
marketing of its product or service. Today they generally will
take care of the shipment of the product to the consumer and
handle the billing and customer support for you. That leaves
you free to find more customers.
With an opportunity, unlike a job, you have no hourly wage
or salary that you are paid. That means there are no limits on
how much you can make. You determine that by how hard and smart
that you work.
In network marketing
commissions are earned on the products and services that
are sold. But it does not stop there. When you establish a
customer for the company you earn a commission each time
that person buys. When the customer signs up for an
automatic shipment of the product or service each month
you begin earning a passive residual income. This is
income that automatically comes to you each month without
your having to do anything. The residual income continues
to come in even when you take time off and spend a cold
winter month on a tropical island in the Caribbean with
your family. The residual income a become a retirement
One of the great advantages of network marketing is the
ability to duplicate your efforts without having to hire any
employees. This leverage is obtained by recruiting others into
the business. They become a part of your "team" who you will
train to do what your doing. For your efforts, you earn an
override commission on all their sales. This is much like how
insurance agencies and real estate brokers work.
The power of this is that now you can take time off or
retire and still earn an income for life. It does not stop
there; your business can be willed to someone or sold.
Is It Right For You?
Network marketing is not for everyone. Anyone with a strong
desire and willingness to learn can do it. But MLM does require
certain skill sets and attitudes, all of which can be
learned. But, if you're not willing, if your not
teachable and insist on doing it your way, you will have
trouble. What is it that is needed?
First and foremost, you must be a people person. That is,
you must have a strong desire to help others and you must enjoy
meeting and talking with people. Your focus must be on helping
others to reach their goals. By doing so, you will achieve
Also needed are integrity and sincerity. Being honest with
your potential prospects and customers may cost you an
occasional sale, but will in the long run pay great dividends
as it becomes evident that you are someone to be believed.
Self discipline and work habits are essential. As the boss
you set your own schedule and decide what work must be done.
Then it is up to you to stick to it.
Focus on your goals, priorities and the jobs that produce
Choosing The Right Opportunity.
Believe in your product or service. Don't join a company
just because you think you can make lots of money with it.
There are thousands of mlm opportunities today. They cover many
types of products in many different industries.
You want to take your time and do your due diligence. You
will find there are many factors to consider when choosing your
Startups are not always the best way to go. You will hear
tales of how the greatest wealth is made from those who got in
at the beginning, and for the companies and the associates that
survive that may be true. But they also have the highest
failure rates, and the highest turnover in associates.
Building Your Business
When a company says all you need to do is sign up, and we do
everything else for you, then you should ask yourself "if that
is the case, then why do they need me?"
Building your business will take hard work. In network
marketing the hardest work and the lowest pay is in the
beginning. Stick it out, choose the right opportunity for
yourself, learn and apply what you learn and you could be
living your dream life... but by all means don't quit your day
job until you have replaced your income!