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Top 5 Reasons You May Consider Entering A Network Marketing Business
The Network Marketing sector has a poor reputation. When most people hear the words, network marketing, they run. All they can picture is somebody chasing them, trying to get them to sell supplements, lotions, and makeup. They soon think of pitching all of their friends and family on the business opportunity. This is not interesting to most individuals. In this article, I intend to share with you what I think is the truth about network marketing and why I believe you should regard this industry as a career. Here are my top five reasons that I believe you might consider joining a network marketing business.
1. Low Startup Cost
You can start and operate a legitimate business for a surprisingly low price. Most network marketing companies allow you to join for as low as $1,000. And the monthly expenses for these same companies are often less than $200/mo. Compare this to opening a brick and mortar business. You would need minimum 100K to start most ordinary brick and mortar businesses, like a pizza joint, hair salon, fitness gym, etc.
2. No Headaches
You have the luxury of owning your own business without all the pains that you would normally face when starting a business. With network marketing, you don't need to manufacture the products, store the products, create the graphics and labels, ship the products, take care of customer service and staff members, manage payroll, etc. All of the company employees are controlled and taken care of by the management team that you have partnered with in your network marketing business. This means you can concentrate only on the things that will make you money.
3. Employ A Sales Force and Uncapped Earning Potential
With your own business, your income is not finite like at a job. With network marketing, not only will you get paid well for your endeavours, but you will also get to employ the efforts of other members. Generate a sales force of 50 people in network marketing, and you get to enjoy overrides on all of the volume that they bring to the company.
4. Tax Advantages
This point is one of my favorites. When you run a business, you get to enjoy all of the tax breaks that are allowed for small business owners. If you utilize your phone for business, you get to write it off. If you use your computer and internet for your business, you get to write it off. Get the point? If you go to Hawaii, and share your business with someone on the beach, you get to write it off (Ok, you might need to be careful with that last one). Obviously, you need to follow all the rules and I suggest you to get professional advice from a tax attorney. But if you adhere to the rules, and keep good records, you will save a boatload of money at tax period.
5. The Internet
The internet revolutionized the face of network marketing business. 30 years ago, you were pretty much limited to marketing to the people that you knew that lived in your area. Now with the internet, you can market your products and opportunity all over the world using the internet and the potential of social media. Some of the most powerful technology available today is absolutely free. People like Justin Bieber have become popular utilizing free social media sites such as Youtube and Twitter.
I hope this information has changed the way that you perceive network marketing. If this information has ejected the negative aspects that you might have had towards this industry, then you just may want to consider network marketing as a primary income source for you and your family.
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