Is Network Marketing The Business Of The 21st Century
As mentioned before I am not a network marketing person though I do have a fascination with this particular mode of business, it seems to me that it is becoming the go to business for many new Entrepreneurs and is being backed as a successful business structure by some very eminent members of the Educational and Corporate World people like Sir Richard Branson and some members of various colleges,universities and Corporate think tanks.
There are many niche's where this method of business is very prevalent including digital information, beauty products, travel companies, utilities,coffee and probably the largest being the health and wellness sector these businesses generate billions in revenue every year and are responsible for making more millionaires than any other business. But before you go out and enrol let me give you some real facts and figures about this type of business .More than 97%of people fail or give up within their first year. 3% succeed but only the top 1% make any life changing revenue. It is a business where you have to be able persuade others to join your network and teach them how to duplicate what you do, it can be difficult to find new recruits as there is a lot of negativity about this type of business, but if you stick with it you may be finally able to say goodbye to the 9-5 grind of office life.
Once you have been doing this for a while you will start to create what is known as a residual income this being one that is paid out every month by the company in line with their compensation plan. This varies between different companies. As your business grows so does your residual income so it can allow you to build a very good monthly pay check. Eventually after a few years you may have enough to retire or at least lead a better lifestyle with less financial worries.
Though if it was easy everyone would be doing it. It is not easy takes a lot of hard work commitment and many sleepless nights but can be very rewarding as you are helping others change their lives in some way.It is possible to do part-time but really only if you pursue it full time can you make life changing amounts.
It is also being taken up by many younger people who run their business while traveling around the world, as more and more people are sick of the corporate lifestyle and want a better future for themselves and those they love. Is it the answer to all our woes,? well the jury's out on that one. But one thing is for sure it's gaining popularity as a viable alternative.
"To live like a king you have to work like a slave"