Benefit of Multi-level Marketing: Network Marketing.
Multi-level Marketing is one of the strongest business as of now, so if you are starting any Multi-level marketing than this are the benefit of Multi-level marketing. Here in this article I will be explaining all the benefit of Multi-level marketing, so just keep reading all the full article, and all the step by step guide.
In simple terms, network marketing is a network of people who have access to a range of products and services that are distributed through that network. Today there are well over 20 million people around the globe involved in network marketing, also known as multi-level marketing (MLM) or direct selling, and this figure is growing. Manufacturers, many of them Fortune 500 companies, now see it as a viable and credible alternative for distributing their products and services.
What is Multi-level Marketing or Network Marketing?
It is important to remember that you are going into business first and foremost; in this instance, the type of business you are considering is a network marketing business. Network marketing businesses each have their own idiosyncrasies and opportunities. They can be incredibly rewarding on many levels and as challenging as any mainstream business.
5 benefit of starting Multi-level Marketing.
1. Work smarter, not harder
There was a time when simply working hard meant that you had the opportunity to get ahead of the average person who perhaps had a more relaxed approach to work. Today that is simply not the case. Although a strong work ethic will always be important, it is no longer the only ingredient. Success is about being smarter and often doing things differently to the way we would have done them in the past. Network marketing allows you to do just that, while at the same time giving you the opportunity to associate with very successful people who understand this principle and who have made it work for them.
2. Leverage and duplication
Leverage and duplication are simply the ability to leverage your time and to duplicate your efforts. If you are working in a traditional business, your income is largely governed by the number of hours you can physically work in a week. In network marketing, as your network grows, the time collectively invested within the network is dramatically increased, and your efforts are greatly duplicated and multiplied.
You need to understand that this concept is not unique to network marketing, but is a key ingredient in most successful entrepreneurial enterprises. Most successful entrepreneurs use it to build their wealth. For example, those who have established large franchising businesses base their success on duplication and leverage of one successful store, repeating it nationally and, ideally, globally.
3, Passive income versus active income
Active income is best described as having to continually work, trading hours for dollars, in order to maintain that income. Passive income means that, in time, you don’t have to physically do the work but you can still maintain the income. Given the choice, most people would prefer passive income over active income. The majority of people think of passive income in terms of the royalties paid to recording artists and authors, or the returns on investment of property owners and shareholders. Further to these are the entrepreneurial business owners who derive large passive incomes from their businesses.
Network marketing is a great opportunity to establish passive income. Many people who built successful network marketing businesses now enjoy the passive income they bring. To get to that point required effort and commitment, but the end result is worth it.
4. Part-time commitment still works
One of the major advantages of being involved in network marketing is the opportunity to establish it part-time alongside your current occupation or business. For those whose dream has been to own a business but who have feared taking the plunge due to the risk involved in giving up a secure job and income to delve into the unknown, this part-time aspect reduces that risk.
After building the network marketing business part-time to a point that the income derived from it can safely replace that from the job or traditional business, one can then comfortably move into working the network marketing business full-time.
5. Creating positive cashflow
For the average person, once they find themselves in this position it is very difficult to turn it around, because the negative cash position makes it almost impossible to get ahead—unless, of course, they win the lottery that they are all waiting to win.
Positive income is basically the reverse, where your income exceeds living expenses. Network marketing gives a person the opportunity to establish a positive income by offering them a business that requires very little in the way of start-up and ongoing costs, something they can develop part-time with no threat to their current income and, in the big scheme of things, allows for very little or no risk.
6. You make money out of other people
People often remark that being in a network marketing business is just making money out of friends or other people. But that’s just what any business does—it makes money from providing a product or service to other people. If you were a tradesperson, for example, and your friends wanted to engage your services to have renovations done to their home, would you decline the offer because you didn’t want to make money from them? Network marketing is no different from traditional business in that it has a particular product or service available for purchase by those who choose it.
7. Creating wealth
Many people who have built a successful network marketing business have done so by recognising the possibilities in using it as a vehicle to create a large passive income and positive cashflow, and in using that cashflow to build their wealth. Benefit of Multi-level Marketing.
For many, not only is it and opportunity to create a positive cashflow but it also gives them the ability to associate with people who themselves have created wealth and therefore to learn from their experience. Most successful network marketing business owners have found financial independence through their network marketing business, and many have used the positive cashflow to further build wealth through investments, property or the purchase of other business ventures.
The most important message:
Being successful in any business is more about attitude than anything else. Sure, if your business concept is to sell ice to Eskimos, the best attitude in the world will probably not help you a great deal and in all likelihood the business will bomb. But the wonderful thing about most network marketing models and companies is that they have been proven to work in the past—which means, at least theoretically, that you can make it work as well. In other words, they are based on a tried, tested and proven model, not some pie-in-the-sky concept that could prove to be fundamentally flawed.
Throughout this book there is a lot of discussion about setting goals, having dreams, keeping motivated and having a positive attitude. We know that some people tend to close off a little when topics like this are raised, but we believe, absolutely and totally, that if you take the right mental approach to running any business your chances of success will be dramatically increased.
Benefit of Multi-level Marketing
So if you take only one key message from this book it is this: approach your network marketing business with the right attitude, stay positive, have goals and dreams and you will make it work for you. We suggest that you mark this page and read it whenever you have those moments o