Choosing Whether Network Marketing Is Right for You

Do you want to work from home on the side? Then network marketing could be the company for you.

I saw my first network marketing presentation in 1979 and fell in love with the concept. I was a corporate manager for a Fortune 100 business at the time. I had graduated from college with a business degree and was on my way to success in the corporate world. However, during that presentation, the circles painted on the white board to represent network marketing opened my eyes to the future of company.

After nearly 27 years, I'm confident that network marketing is the industry of the future. It's a tremendous marketing concept that's taking the world by storm and will have a larger impact than franchising. Bold assertions? The proof will be provided in the remainder of this piece.

Fortune magazine termed direct selling (of which network marketing is the main sector) "the best kept secret in the business world." It has grown by 91% in the previous ten years, with annual revenues exceeding $30 billion in the United States and $100 billion globally. According to financial analysts, it is a "recession-proof" sector. Billionaire Warren Buffet declared his purchase of a network marketing firm the finest investment he'd ever made. In Search of Excellence author Tom Peters describes it as the first really significant shift in marketing in the previous 50 years.

Why is Network Marketing so popular?

The major reason why so many individuals are getting into network marketing is that it fits nicely with current marketing trends. If you haven't already guessed, the baby boomers (those born between 1946 and 1964) are in charge. The boomers, who number 76 million in the United States and over a billion globally, have determined what's trendy, from baby food to fast food to minivans to SUVs. Boomers are now seeking for items that can help them look and feel younger, as well as solutions to guarantee their financial future and have more time flexibility. Network marketing provides the solutions.

Tired of the corporate grind, an unprecedented number of people are launching home-based enterprises. According to CNN, every 11 seconds, a new home-based business is launched in the United States. The next big thing is the home-business boom, and network marketing is one of the trendiest home enterprises accessible. It has a cheap initial investment and monthly expenses, and entrepreneurs may start part-time while still working and grow the business to replace their present employment income. Age, gender, and color are not hurdles in network marketing; in fact, women account for well over half of all success stories.

Is Network Marketing a good fit for you?

There is no ideal or ideal sort of person for network marketing. Because there is a widespread misconception that network marketing is all about selling, many individuals who do not consider themselves to be "salespeople" avoid it. The fact is that most people who are successful in network marketing are not salespeople and are more introverted. I'm a fantastic example because I created my company virtually exclusively on the internet. I've only given a few personal presentations, and I despise selling people products. In my travels and interactions with top network marketing revenue earners, I've discovered that the majority of them despise selling. They grow their business by first listening to people's needs and desires and then responding to them. I ask questions to find out what's wrong.

People are seeking for answers to life's issues, not products, services, or even business prospects. I can't fix all of them through network marketing, but I can help with a lot of them. So I'm not in the sales industry; instead, I'm in the problem-solving and dream-creation business.

Indeed, the main reasons why individuals are gravitating to network marketing are time leverage, residual income, and tax advantages. Network marketing is one of the few companies that does not require workers while still allowing the owner to maximize his or her time by establishing a network of independent businessmen. This network creates residual revenue for the owner by purchasing and selling items or services. Unlike job revenue, which ends after the task is done, residual income persists long after the labor is done. As exciting as leverage and residual income are, boomers appreciate network marketing's tax advantages. According to tax expert Sanford Botkin, a network marketing home company can result in tax savings ranging from $3,000 to $9,000 per year.

The internet is the last reason why so many individuals of all ages are interested in network marketing. To be successful, a company owner must create a broad network of individuals who purchase and sell products/services and attract others to do the same. Network marketers may now establish national and international enterprises from the comfort of their own homes thanks to the internet. There will be no more early morning alarms or high-stress commutes; all work may be done from a bedroom equipped with a computer and a phone.

People may now work from home and establish a major worldwide business in a matter of months or years, thanks to the internet. The money from this firm will ensure their financial security and provide them more free time to enjoy life to the fullest. The best aspect is that it is doable by everyone.

A teenage Dustin Hoffman was advised in the film The Graduate that the future was in plastics. I'm here to tell you that network marketing has a bright future, and that future is today.