Network marketing, also known as Referral marketing or Multi-level marketing (MLM), is a decades-old business model. It is often misunderstood, due to peoples lack of knowledge of the profession, however, it is fast becoming the way of the future and is a great way to earn money without risk and is something that you can do at home alongside existing commitments on a part-time basis.
Why choose network marketing over other forms of businesses.
1. Proven business model
First up, it works! Take a look at just about any multi-level marketing company and you will be able to find people that are making great incomes.
It has been around for close to 60 years and is now being taught in universities with over 80 million people being involved and $178 billion in sales. It is also widely respected and endorsed by Warren Buffet, Bill Gates, Richard Branson and Robert Kiyosaki and has created more millionaires than any other industry worldwide. There are many network marketing companies to choose from. *
It’s a proven business model that can work for you, just as it has for thousands of others.
2. Low cost to get started
If you are looking for a good home based business that does not involve financial risk, then this is an ideal way to earn money from home. The initial outlay for this type of home-based business is low (can be as little as £50) therefore it is low risk, compared to traditional business’s or franchises.
3. No inventory, stock holding or employees
In most cases the company you join will have their own distribution centre, from which orders will be dispatched direct to the customer, therefore you do not have to hold stock, take orders, handle money or make deliveries. Nor do you have to employ any staff. All this making it an entirely stress-free way to work.
4. Proven systems & support
Invariably you will have access to a proven system, which in most cases will include a fully hosted and managed website, business tools management centre to help you build a customer base or team of distributors/agents, simply by promoting products or services using tried and tested online or offline methods.
5. Ongoing training & mentoring
Furthermore, no experience is necessary as you will receive lots of ongoing training and support from the company and leaders who will provide you with mentoring and coaching support. Thus whilst in business for yourself, you are not alone. So you can use their prior knowledge to fast-track yours!
6. Great income potential
Without question, there is money to be made and the income potential is generally only limited by the skills of the individual and the effort they put into their business.
Most companies offer a variety of bonuses and incentives which may include holidays, car allowances and mortgage payments or even share options. You can choose as the opportunity will be there for you.
The income potential is very much dependent on the individual and can range from a few hundred pounds to several thousand pounds per week/month.
7. Enjoy financial security and freedom
Many people choose to earn extra money from home to gain a level of freedom and control over their time and finances. Having been involved with a successful network marketing business myself, I can verify the fact that this type of business can create both time freedom and financial security.
8. Residual/Passive income opportunity
Residual/Passive income in Network Marketing is income you continue to earn based on efforts you put forth initially. This income is based on the sale of products and services where you continue to get paid over and over again on the repeat sales, for the work you have done once, which could be weeks, months or indeed years prior.
For more information about what network marketing companies to choose read my article – Which Network Marketing Company To Choose