Why You Need To Consider This Work At Home Program?
1. LeverageThere are only so many hours in any single day. And in those limited hours you must work to generate some income, sleep, be with your family or loved ones, and do a host of other tasks that require your attention.
Let's focus on your work hours.
Most people work eight hours a day in a job -- a job they don't even like. In exchange for their time, employers pay a set fee per time spent at work. Some employers pay employees for units of a product produced.
Either way, if you are the employee, your income is severely limited...
First: by the number of hours you can spent on your work, and
Second: by the number of units you can personally produce in the given time.
Now consider network marketing.
Network marketing companies pay their distributors for work done by other distributors. So by systematically increasing the number of active distributors in your downline, you can simultaneously increase your income.
You can do this without increasing the number of hours you spent at work. You can actually reduce your working hours and still see your income going up.
And that's what puts leverage top on the list of advantages of network marketing.
2. Passive Residual Income
Network marketing affords participants the opportunity to build an ever increasing passive residual income.
Building a passive residual income is the most obvious of the advantages of network marketing. Almost everyone joining has 'building a passive residual income' as one of their main objectives.
Note that the passive residual income is made possible by the leverage factor. By leveraging on other people's effort and time, a large residual income is possible.
3. Low Start Up Costs
You can start a network marketing business with little or no money. Regardless of how much you are required to pay in as start-up capital, your earning potential is still high compared to other types of businesses.
Although I list 'low start up costs' as one of the advantages of network marketing, be aware that even if the company you join does not require you to pay anything to start, you still need money for your overheads.
You need money for things like advertising, telecommunication, etc. Without these you are not in business. In fact, you will spend a big chunk of your money on marketing.
4. International Business
A network marketing business can be operated globally. This is made possible by the internet.
Many network marketing companies allow their distributors to sponsor people in other countries around the world.
The only limitation in many companies is that you should not sell your products in those countries. You are allowed to only recruit other network marketers in those countries.
Some countries have strict work permit regulations. Since selling is 'work', you would need to have a work permit before selling anything in a country that has strict work permit regulations. So read through your company's policies before going international.
But if your company has no restrictions, through network marketing you can build a huge global business from the comfort of your home.
One of the not-so-obvious advantages of network marketing is tax efficiency.
When you join a network marketing company you start a business - your own business. Businesses have various tax advantages over ordinary employees.
Hear This: You Don't Pay taxes for bonuses earned! Get that?? If you earn $50,000 in a month, you PAY zero tax in Nigeria!
A major disadvantage of traditional business and the traditional 9 to 5 job is that of lack of freedom -- time freedom.
In a 9 to 5 job you sell your time for a given income. You are not free to come as and when you want. Your employer determines when you shall work. Aside from the occasional one month time off that you can get, you have to be at work as and when your employer wants.
The traditional business model is no different. While you may enjoy the benefits of being your own boss, you are likely to end up working much longer than you would had you been an employee. You become a slave to your customers.
Network marketing on the other hand removes these barriers. You get to work from home.
I like John Kalench's way of putting it. In his book, Being the Best You Can Be in MLM, he says...
"No other support system of which I am aware...so completely honors the freedom and responsibility of the individual.
From your very first day in Network Marketing you are free.
You choose with whom you want to work...
You choose when you want to work...
You choose where you work...
You choose your style of working: person-to-person, through the mail, over the phone, in small groups or huge gatherings of people. Every single aspect of your business is up to you. It's your choice because it's your business."
Yes, with network marketing you have this freedom, which makes it such a great work at opportunity.
There is a saying in network marketing circles which says "you are in business for yourself, but not by yourself."
As soon as join you become part of a team - your upline. Serious upline members become committed to your success because without it they will not succeed.
As you start building your own business, you start a team of your own - your downline. This team will benefit from your personal support and those of your upline.
The network marketing company you have partnered with will also be committed to helping you because you are their number one source of business. Every customer you bring in is worth a lot to the company.
8. Personal development
Perhaps also at the top of the list of advantages of network marketing is personal development. Network marketers are prolific readers of personal development material.
In network marketing you can learn such skills as public speaking, mentoring, coaching, how to relate with others etc.
I've noticed that serious network marketers also grow spiritually regardless of their religion.
In network marketing you don't need prior selling experience. You don't need any form of business background.
While selling experience and business background may come in handy if you have them, everyone who joins is entitled to some form of training. The training may come from the MLM company or from your Upline.
These are just a few of the benefits that can be derived from running a network marketing business. There are so much more.
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