If you are looking for a flexible, easy go part-time business, then network marketing should be your bid. The first feature of this kind of marketing is that they feature a very low upfront investment. Say, you spend only around a hundred dollars to purchase a sample kit and then use the network to connect to the buyers. A few famous companies in America like Tupperware and Avon fall under this category.
Network marketing begins with programs that provide the opportunity to sell a product directly to your personal contacts through the network. Many programs also offer the participants to recruit representatives for them to sell their products. These people initiate sales and the revenue comes to the owners. This may sound like an unfair business because the recruited salesmen do all the hard work and the owner gets the money, so when in a network marketing system, recruitment brings about most of the revenues, it is stated as an ‘illegal pyramid scheme’.
However, network marketing programs are not defined as official franchises under the government laws in most countries, so you really need to do your research before investing, because if you get caught in a fake or illegal scheme you might lose out on the money.
you might want to check on How to Start a Digital Marketing Agency?
Why You Need Network Marketing
Here are 8 reasons as to why network marketing is so lucrative these days:
1. Why Say No to Some Extra Cash?
Let’s get straight on this. We all need money, a lot of it. We all would love it if we could get that financial freedom, and network marketing actually is your opportunity to make money with your freedom intact. You don’t have to leave your current job, you don’t have to go the extra mile, you can simply put network marketing as a side venture and earn the extra money you need.
2. Residual Incomes Come Quite Handy
Residual incomes are the kind of money you get because of your earlier contributions. It is mostly based on your sales. If your network keeps on generating the same product sale, then you’ll get paid for the first sale you made with it. In this process, all you have to do is to make one good sale and keep the promotion game up- and without any effort, you will get your residual income!
You get your own financial stability will less labor, why would you not do network marketing?
3. If Your product is Good, the Demand Would Go Sky High
Revolutionary products are often created by network marketing companies and they sell like hotcakes. The massive demand for these products would make it very easy for you to sell them, and since most of these products are designed in such a way that they can generate repeat business, you will be blessed with residual income as well. You don’t have to put up a factory or create products, just sell the already hit products and be a part of the agents working behind the mass success!
4. Get Financial Freedom Like Never Before
Your business is your liability. You don’t have to work for or under someone, you don’t have to be a part of the 21st-century slave business, you can be the king of your own business kingdom through network marketing. In usual jobs, you need to be there, present and conducting work.
But when it comes to network marketing sometimes you don’t even have to work directly, because with the business being online. Hundreds and thousands of customers can buy products through your recruited salesperson and you can actually enjoy a big fat holiday and still earn more money than before!
5. Make the Best Use of the Internet
Most of the people using the internet spend a lot of time looking at cute dog photos on social media sites or looking for a possible partner on a match-making site. While these are pretty essential parts of their lives, the internet can use for earning money too, through network marketing.
The internet is actually changing the world even as we speak, and we all are a part of it. This has to be the best time to join network marketing. Because it involves connecting with people online, something most of us do on a regular basis. You’re proving the point even when you’re reading this article!
6. Grow Yourself as Your Business Grows
A very essential reason as to why more people are getting into network marketing is that it doesn’t just bring money. It improves the person from within. The personal development that will occur to you once you start helping people is actually very praiseworthy.
When you are into network marketing, your personality, wit and will grow with more and more success. These skills and experiences would also come handy in the long run and you will be rewarded handsomely if you can make the best use of it.
7. You Can’t Neglect the Leverages Network Marketing Provides
Network marketing may seem like a very effortless way of making money, but if you want success you really need to do your research well and work hard. If you can implement multi-level marketing plans then the customers will be pleased to find their choices more easily. The moment you develop a collective mindset for your business, it will start growing itself. Even if that does not happen, you can train people to do your work for you. Making it a win-win for both of you. The biggest leverage on this is that you can have your free time and still earn money in those free hours.
8. The Ever-increasing Scarcity of Proper Jobs
With the population increasing and job sectors decreasing, people seeking for a healthy amount of money and comfort are facing a massive dilemma- comfort or money? Traditional businesses are falling apart, thanks to the internet while employers are pushing their employees to do more and more work. If you are a free soul, would you like to work in an environment like that?
If your answer is no, then network marketing is a good option for you. You can earn money freely, don’t have to overwork to get underpaid, your profit margin will remain healthy.
People like the US President Donald Trump and author Steven Covey are involved in network marketing, why wouldn’t you?