bharatbhasha.com
Free Articles  >>  Business And Finance >>  Page 3264  >> 

The Power of Network Marketing





According to a 2006 Yahoo poll, two-thirds of Americans want to venture out and create their own home business.

Most of us have been approached by someone, maybe a friend or family member, who is trying to sell us the latest vitamin or home product. They have just joined "the best company" out there and you need to get in on this deal before it's too late.

They are Network Marketers.

This is the vision most of us get when we hear the words Network Marketing or Multi-Level Marketing.

But the truth is, when done right, Network Marketing can be one of the most powerful business plans available today. The most important part of the previous sentence is "When done RIGHT".

Networking allows anyone and everyone the chance to create their own business. Do it for very little money down and start part time after work or on weekends.

The problem:

The lure of easy money and testimonials of a few people who are making 6 figure incomes or tens of thousands of dollars every month have drawn thousands to the ranks of network marketing. They have been promised that they too can achieve this amazing wealth but are never trained to do it. Hence around 95% of them fail.

They warn their friends to stay away and bad mouth any person or plan they see that mentions network marketing. Network marketing has become the most maligned industry in the U.S. today.

So why should you want to start a business that involves Network Marketing. Because the 6 figure income is possible; you just need to get past the negative word of mouth and see how when done properly the Network Marketing Business Plan allows you to do something you love, be your own boss and still make a very nice living.

Here are some of the top reasons you should consider network marketing as your entry into a home based business.

1. Time Leverage - For most of us, we go to work, we put in our 40 hours for the week and we get a paycheck for the hours we put in. We trade our time for money. The only way to make more money is to put in more of our time or if you're lucky, convince your boss to increase your pay.

Networking Marketing, however, frees you up to increase the time you get paid for. As you build a team and increase the number of people working with you in your downline, you also increase the number of hours worked in the business. You get paid for your 40 hours a week but you also get paid for the hours they put in.

This is leveraging your time.

Now let's say you decide you only want to work 10 hours this week in your network marketing business. If you have 20 people in your downline that also decide to work 10 hours this week, you will get the benefit of your hours and theirs. That's a total of 210 hours. Can you imagine trying to work that many hours at your "real" job this week? You only need to put in 30 hours a day!

As J. Paul Getty said, "I would rather earn 1% of 100 peoples efforts than 100% of my own efforts."

2. Duplication - According to the dictionary duplication means ... "To make an exact copy of" or "To repeat".

For network marketers it means teaching, showing and helping other people to repeat or carry out a series of actions. Duplicating yourself means teaching someone else to follow a simple set of plans and repeat what you are doing. They in turn will duplicate themselves and your business will grow. This will result in your organization growing and taking on a life of its own.

This is how to begin to leverage your time.

3. Residual Income - The true power of network marketing is the power of residual income. It is the ability to get paid over and over for years to come on the hard work you do today.

When you first start your business you have not yet duplicated and therefore don't have any time leverage. The hard work of planting the seeds will develop and grow into a wonderful harvest. The harvest is the residual income you earn from developing and leading others in planting their seeds.

This duplication creates time leverage and in turn creates a residual payout from the work of the downline you have grown.

Working and helping others to achieve their dreams builds your success. This is the TRUE POWER of NETWORK MARKETING. Your success depends on the success of those you train. It is in your best interest to help those below you and build them up. It's a business plan of helping others instead of climbing over and stepping on those below you to reach the top.

4. Tax Advantages - Creating a home office can be one of the smartest things you ever do. Having a network marketing business that you work out of your home allows you to take advantage of many tax savings. The only requirement is that you do your work like a business and keep records of all the things you do. A journal is a great way of doing this and it's easy too!

By having a home office, you can write off part of your house mortgage and the costs to maintain that part of your house. You can write off your car, lunches at the restaurant, trips, and many other things you are already doing. As long as the cost is business related and you document it, you can write it off.

The tax advantages gained by opening up a network marketing business out of your home can save you hundreds if not thousands of dollars each year. So before you have even signed up any downline or sold any product, you are already, in a sense, making money from your home based business.

Network Marketing truly is a powerful business plan. It makes everyone work as a team towards a common goal; A goal of success!

No business works itself.

There is no such thing as free money.

But there is a way to leverage your time, duplicate yourself, and create a residual income that can truly make your dreams come true.

It's all in the POWER OF NETWORK MARKETING!


About Author Michael Tomberlin :

Michael Tomberlin has been teaching and coaching for over ten years. He is now directing his efforts to teaching people more about creating their own home office. He has websites at http://www.healthylife-healthyplanet.com and http://www.bellascentedcandles.com . You can visit him there or contact Michael directly at michael@healthylife-healthyplanet.com with any concerns, comments or questions about creating your own home business. Thanks.


Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/finance-and-business.php/132021


Article Added on Monday, May 4, 2009
LD
Other Articles by Michael Tomberlin

Multilevel Marketing is known by many names but What is IT and why should I care
? Multilevel Marketing among other things has become one of the most maligned industries and has gained a horrible reputation. Disreputable companies and misguided people have damaged the concept to the point that almost everyone is afraid of it. At the mere mention of MLM people immediately think, Scam, rip-off, pyramid scheme or worse. But Multilevel marketing has been around for a long time (over 50 years) and more and more companies are starting to use this business plan every year. So...

Network Marketing How to make money and keep your friends
According to a Harris Poll, 72% of Americans are looking to start a home business. A 2006 Yahoo survey agrees and found that two-thirds of those responding wanted to venture out on their own and create a home based business. You are not alone in your desire to leave your dreary day job and be your own boss. The solution for many people is starting their own network marketing business. There are very few barriers to hurdle to start up a network marketing business. Low startup costs, very...

How to choose a Good MLM Company
So you've decided you want to get in on MLM or Network Marketing. You've read all the literature about how it's a good marketing plan and that it's endorsed by such people as Robert Kiyosaki and Donald Trump. But now you are not sure what company you should join. What makes one company better than the other? Well I am here to tell you that if you just want to join, stand on the corner next to the homeless guy and put on your sign Looking for MLM Company. You will create a traffic jam of...

The Economy A Home Office And You
Have you been watching the news lately? Well, if you have watched the TV, listened to the radio, picked up a newspaper or really just gone about your daily life, you've been inundated with the doom and gloom! According to everyone you talk to we are definitely in a recession. And it feels like one with prices soaring and industries everywhere cutting back or downsizing. Can anyone really feel safe in their current job or with their current financial situation? First, let me say I agree...

MLM versus other Marketing Stratagies
When opening a home business or a small business outside the home there are several choices to make regarding marketing. You can use different methods such as Mail Order Marketing, Conventional Marketing, Direct Marketing and MultiLevel Marketing. Each one has its pros and cons and can get you and your business on its way to making money and being successful. The type you choose depends on such factors as your product type, your business type and your overall goals as a small/home business...

Affiliate Marketing The quickest way to get onto the Internet and start making money
Today, more than ever, people are looking for away to make some extra money. Whether they want to just make enough to go out to eat a couple of extra times, save for a nice vacation, or even replace their real job, the internet is a great place to start. Most of us have used the internet to find information about a topic we are interested in. And many of us have used it to purchase something. But no matter what you have done on the internet, obviously you have used it since you are reading...

Why Do We Age
? Why do we age? - Aging is natural. It's a complex process that affects every cell and organ and bodily function. When we age our blood vessels lose flexibility which causes hardening of the arteries, also known as arteriosclerosis. We have reduced nutrient absorption due to declining production of digestive enzymes and we also have a smaller breathing capacity which reduces the amount of oxygen we take in. But why do we age? Why do some people age faster or slower and in different ways...

Publishers / Webmasters
Article ID: 132021
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


177 Users Online!!
Related Articles:
Latest Articles:
 
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts
Aging


Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.com and/or its owners.


Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Email Marketing In India Provided By AwareIndia







Company IDS