There are some reasons why network marketing is so appealing to many people. One of them is because it permits a person to have his own freedom and desires. Unlike any home-based businesses, it will not eat most of your free time. You can spend more time with your family at home. You will no longer work for anyone because you are now the boss of your own business. You can choose what tasks you want to do first and when to do them. You get to select people that will work in your team, making sure that everybody has the same goal as yours to succeed. It is stress-free since you will be the one making the schedule, plans and focuses on the areas you want.
Another reason why network marketing is so attractive is because it costs minimal amount of money to join, either a person pays membership fee or buys certain products as his starter kit, in order to start your own business. There is no need for you to raise funds for capital investment. Moreover, the sky is the limit when it comes to earning. Potential earning depends on how much or little you want. The more people under you, the more your earnings will be.
The following is information on why network marketing provides leverage. Network marketing is a kind of business that builds relationship among other people. It involves a lot of social interaction. Expert network marketers leaders can turn any interaction into business deals. Like any other businesss, the network marketing industry is a business that needs resources.
One of its resources in order for it to prosper is people. You need many people under you, which are referred to as ‘downlines’. You must have people who have the same drive and spirit like yours, so that when he succeeds you will also reap the rewards of his success. With this type of business, a person needs other people’s talent, time, education, energy and enthusiasm to be successful. To maximize leverage, you must teach every member of your team the basic techniques that worked for you; and motivate them to grow as individual business owners.
why network marketing is good for residual income?
Have you ever wondered why network marketing is good for residual income? Another advantage of network marketing is having passive income from your ‘downlines’. To further explain this, your regular job pays you money in exchange for the number of hours and days that you have worked for in a company. Meaning, if you do not work, you do not earn. In network marketing, however, you earn, even when you stop working by utilizing other people’s time and efforts. People under you will be working and giving you income. For newbie network marketers, it is worth a bit of hard work before you reach the level wherein you put little time but earn a jaw-dropping amount of money.
Here are answers to why network marketing is popular: as the network grows, so does your money. How? Take this example. A person works eight hours per day for five days. In one week, he has 40 hours devoted for work. In 50 weeks, he will have 2,000 hours in almost a year (a year has 52 weeks). If he works for forty years in his entire life, he will have 80,000 hours for work. In reality, this is not enough if you are no longer young. On the contrary, in network marketing, if he has 20,000 people in his team and each of them works for only eight hours a day. He will then produce 160,000 hours per day, doubling the number of hours that he has to work in his entire life. A person cannot accomplish this alone and in his own time. This is why network marketing is reliable for residual income.
why network marketing has a bad reputation
Nothing seems bad about network marketing, but have you ever wondered about why network marketing has a bad reputation? Network marketing, is a business model that is often use to reach potential customers through independent agents that do not use traditional marketing methods. It is synonymous to ‘word of mouth’. It gained negative reputation because of the wrong people it attracts. Its rewarding advantages that some people attain also attract the people who are not ready or eligible to be business owners. They are those who are dissatisfied with their current earnings and have no sales experience, no previous experience in managing a business, no experience in propagating good business relationships, and have idealistic expectations of the quantity of work involved compared to the income realized.
What happens is that the marketer desperately over-sells the opportunity, discusses business inappropriately in any social circumstances, focuses on new recruits abandoning present customers, and deliberately inaccurate to the point of being deceptive when his business is being talked about. Another reason why network marketing has negative reputation is because some people utilize it to scam other people. There are those that collect money as payment for starter kit or some products to sell. When the payment has been made, you will no longer hear from your supposedly ‘upline’ nor receive the products that you have paid for.
Business is rewarding if you learn the ropes
This kind of business is rewarding if you are willing to learn the ropes and willing to pass on what you have learned through your mentors or ‘uplines’. The answer to why it is rewarding: It gives a person freedom to meet people from different walks of life in his own time and pace. It is not an overnight success. People are the greatest resource that a network marketer will ever need. And they are abundant everywhere. A network marketer has to have patience, discipline, and focus. He must be wiling to accept rejections humbly and willing to take chances just to make things happen. Remember, be the network marketer you are looking for in your team to be successful in this kind of business.
There are people who think that it can make them instant millionaire – this is why network marketing is seen in bad light. These are the people who give up easily when they did not nail their first business deal because they thought selling was like socializing.
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