The idea of having your own business is attractive to many but people often worry that you need a lot of money to do this. Well, I’m going to tell you that you’re wrong.
Instead, becoming your own boss is easier than you think, and for many people in this situation the key lies in one particular area – network marketing. Now, some of you may already know what network marketing is all about, but for those that don’t, allow me to explain.
The Basics Of Network Marketing
Network marketing is easy to master, and the way in which it allows you to become your own boss is amazing.
As a business, you have either a product or service to provide to customers. You then need to get this out to your target market and most go for a distributor of some kind. However, network marketing is different.
With this, you have your product that you wish to sell. You then look at using a network of agents to market and sell your product to as many people as possible. Also, these agents may have other agents beneath them who are also selling the product.
Now, I understand if you are sitting there screaming out that this is a pyramid scheme, but it’s not. In fact, it’s nowhere near it.
With a pyramid scheme, what you have are people that make money via recruiting others to go under them. With network marketing, people make money from actual real products. If the individual down the line fails to sell anything, then the recruiter will also earn nothing.
In other words, people have some protection and it’s not a scam.
Why Network Marketing Works So Well
Network marketing brings with it a number of clear advantages for those individuals wishing to run their own business without having any major layout of money.
This method gives you a real sense of freedom. You aren’t tied down to those normal working hours as you can arrange things to suit your own self. You can fix your working hours around other things that you would like to do. For many people, this freedom and flexibility acts as a major draw.
2. You don’t worry about employees
This business only requires one individual – you. Yes, you may have some kind of working relationship with other agents, but they aren’t your responsibility. Instead, you only need to deal with your own self. This then reduces the stress you may have often felt with other types of businesses.
3. You can earn even when not working.
Network marketing is one of those business models that allows you to earn even as you sleep. This does depend on how you set up your sales channels as well as helping others to join in the fun. If you recruit others, then you can earn affiliate sales from everything that those people earn.
4. Job security.
If you find that you are good at getting this up and running, then the job security that you have is unbelievable. Set things up in the correct manner, and you can then forget about the risk of being fired as that becomes impossible.
But Is It All Good?
I know that this all sounds good, and who wouldn’t feel drawn to this type of business? However, in the interest of fairness, I need to also tell you about aspects that might not reach your expectations.
1. Do your due diligence.
I must stress the need to do your own due diligence. As there are similarities to pyramid schemes, you must check that this is a legitimate opportunity and not a scam. Check things out thoroughly before you begin to avoid any problems. Look at products such as Tupperware as an example.
2. You won’t get rich overnight.
If you expected this to make you rich in a short period of time like the sellers on Informeo, then I’m sorry to tell you that this isn’t the case. You must take time to build you customer base, so this is something for the long-term. However, it can build amazing residual income, so it’s worth the hard work.
Finally, how do you get started? Well, I have these simple points that will help.
- Choose a product with a good record like these tie bars and clips.
- Check if you need to invest any money, and if so how much.
- Listen and learn from experienced network marketers.
- Market on social media, your own website, and word of mouth.
That really is all that is involved in setting up your own network marketing business. For me, the key part is in getting the right product. Spend a considerable amount of time checking out the various options and determine how you would sell it before you even begin.
With the correct attitude and a willingness to work, network marketing can indeed turn into your own business without you spending a fortune in the process.