Robert Kiyosaki wrote a book titled, “The Business of the 21st Century” some years ago sharing his ideas about how average people today are creating wealth where before it may not have been a possibility. In the past only a few people who had big corporations stood any realistic chance of having wealth whether through inheritance or being connected to the elite.
Today it is a different story with the advent of network marketing more prevalent in this present time than it ever was. Statistics show that every year the network marketing industry is growing in different parts of the world.
Network marketing (also referred to as multilevel marketing or mlm) as a business model is being applied to almost every industry you can think of. The most common mlm companies are those that produce nutrition products, accounting for about 70% of all mlm companies around the world.
What is network marketing? It is a business model based on selling products on behalf of a company and getting paid commissions in return. The beauty about this business model is that you can also get paid for the sales your customers make but the compensation plans differ from one organization to another.
In this world of constant change here are 5 reasons why you should be considering building a multilevel marketing business:
1. Low startup costs
Most wealthy people today make their money from real estate, mining, oil and other top industries which the average person does not have the capacity to acquire. Those business ventures for the most part need a huge financial investment and only a few people have the capacity to raise significant capital.
Most mlm companies today require a minimal investment of a few hundred dollars to get started and have low monthly overheads. This gives you the opportunity to get started with a business that has the potential to grow to the level of large corporations such as McDonalds.
You can grow your network marketing business to any level that you want. Technology has also made it easier to build in different markets outside your geographical location through the Internet. This is good for your financial portfolio as you work toward building your vision and taking care of the important people in your life.
Most traditional businesses are restricted to their local markets and find it not so easy to get into other markets the cost factor being one of the major challenges. In a formal job there is a limit to the amount of money you can make even though you work harder. There is only so much promotion that you can get.
With multilevel marketing you can set your own financial goals and as long as you are willing to put in the required effort you will make the money you want.
3. The job market is volatile
I read a headline once about how in China jobs are being replaced by robots leaving many people unemployed. This is happening in other parts of the world too and the underlying theme is that most companies are looking to cut down costs and retrenchment is one of the methods used.
In other companies when people leave they are not being replaced to cut down on the wage bill, hence those that remain get overworked and underpaid for their work. In simple terms, there is no guarantee that you will have your job tomorrow. Keep your job as long as you can but as you are at it building your network marketing business part-time is a wise investment.
4. Proven systems to follow
Back in the day some of the business people went into business by faith not knowing how exactly to build a successful business. They had to go through a lot of trial and error to find the winning formula to grow their businesses which cost significant amounts of money and time.
The really good mlm companies have training programs that teach you the system to follow to build your business successfully. So instead of going through trial and error you can follow a proven system that will save you time and money.
The basic premise is that if you want to have what other successful business people have you need to do what they do. It is that simple (not easy). The training programs teach you the importance of having the right mindset and the skills required to build your business.
One of the great things about building your multilevel marketing business is that you do not have to quit your day job to work on it. Most people begin part time after working hours and over the weekends. As your business begins to grow you can then start considering leaving your day job to go full time into your business.
However, you need to be careful to maintain discipline to do the required activities that will make you money. They are easy to do and also easy not to do. While you can be your own boss do not relax and do the business only when you feel like it.
Network marketing is the business of the 21st century and now is the time to take up the opportunity and create a better future for you and your family. Should you want to understand more about the concept of network marketing be sure to send us an email to [email protected]