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Network Marketing as an Option to Retiring

Most people nearing the age where they would be retiring are coming to terms with the fact it unlikely they will have the resources to do this. I have been suggesting that a great alternative is to consider network marketing or internet marketing as an option.

In another post I discussed this option. You can read it here at Retiring: Is it a Thing of the Past

Forbes posted an article a couple of years ago which had some fascinating stats on the subject that I suspect have not got any better.

So if retiring seems a thing out of reach for you I hope you take heart in what I am about to share.

retiring

Would You Join a Multi- Level Marketing Company for Retirement Income?

This was the title of the Forbes article and here are some of the stats and my thoughts.

Multi-Level Marketing is another term for Network Marketing. It is sometime called Direct Sales. I prefer Network Marketing so I will stick with that.

  • Some stats from the article
    The American Association of Retired Persons (AARP) estimates that half of all baby boomers (76 million in America) are interested in starting a business.
  • The average 50 year old is estimated to have less than $50,000 in retirement savings.
  • There is an obvious need to either save more or find a way to generate supplemental income.
  • Many baby boomers are disenchanted with their current careers. They are worn out from years of corporate grind.
  • They are shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better – and to have a positive effect on others  — and working in retirement.

While the stats are from America I suspect they are similar around the globe.

You can read the whole article here.

With those stats in mind is Network Marketing an option to retiring?

In my opinion yes it is a great option.  Here are some of my reasons.

The new world of Network Marketing

Network Marketing

Many people still think to do network marketing you have to hit on all your friends and family. That is no longer the case with the internet.  Depending on the company you join you can use the internet to do your marketing.

There is more to the subject of just retiring than just money.

 

There is also the psychology attached to moving into retirement. The stats from the AARP indicate that baby boomers want to be productive. They want to belong to something and make a contribution to the lives of others.

Some benefits of Network Marketing

 

The cost of starting a network marketing business is very low compared to franchises or traditional business.

There is usually good training, support and encouragement.

They offer a place to belong and to make a difference.

If you still have a job it is a good idea to start your network marketing business part time and build it up until you can quit your job.

Many people who join network marketing just want to supplement their income they do not want to build a dynasty. If you do want to build something much larger there is also the ability to do that.

The Forbes article also suggested the industry is poised for explosive growth because of the number of this situation – why not take advantage of it?

 

Tony Robbins book

Retiring

In Tony Robbins  book  Money Master the Game – 7 Simple Steps to Financial Freedom he refers to our traditional retirement saving system as being broken

I watched an interview with Tony and Marie Forleo. He has not written a book for two decades and the reason he wrote this one is because he is mad at what happened in 2008 and wants people to be educated.

He talks about the baby boomers briefly in the interview, He does not talk about Network Marketing as an option but he does say our traditional retirement saving system is broken.

It is an awesome interview that you can catch here if you would like to watch it.

In summary

 

Retiring as we knew it may well be a thing of the past.

Think about building a business that allows you to have freedom. A business  you can build and fit into your lifestyle.  A business that is location free meaning you can build it from anywhere.

That is what I am doing. If you would like to know about my business just leave me a comment below.
What are your thoughts on this idea?  Please leave me a comment below.

Have a great day.

 

sue price

 

 

 

 

 

Namaste

Sue

Skype: sueprice

68 thoughts on “Network Marketing as an Option to Retiring

  1. Ben

    Hi Sue,

    I think network marketing is an excellent option, and you should get started sooner rather than later. In addition to the network marketing benefits that you mentioned, you can get a much quicker return on your investment with network marketing than you can with most other businesses. With most traditional businesses you can be operating in the red for years. With network marketing you can be in the black on day one if you have your first customer already lined up when you start.

    Ben
    Ben recently posted..Science of Becoming ExcellentMy Profile

    1. Sue Price Post author

      Hi Ben

      Thanks for adding these benefits. I agree with you totally you should get started sooner rather than later. I love seeing the people in their 20’s and 30’s that are already living amazing lifestyles. People can do it way more quickly than most traditional businesses. Having been an owner of several traditional businesses in the past I know downsides only too well.

      Thanks for your awesome comment here Ben.

      Have a great weekend.

      Sue

      1. Viola Tam

        Hi Ben & Sue,

        Great points! Starting sooner rather than later! Given the small overhead that is needed, it is easy to come to a ‘break even’ point when the network marketer no longer need to invest money in order to keep the business running.

        Can anyone think of a traditional brick-and-mortar business that can offer these benefits?

        Viola Tam
        Viola Tam recently posted..DraftMy Profile

        1. Sue Price Post author

          Hi Viola,

          I sure cannot think of a traditional business with the small overhead we have in Network Marketing. I did tax for years for businesses and no – not one! 🙂

          Thanks for a great addition here Viola

          Sue

  2. vino

    I really unaware about the network marketing. But your post throws some insight on me about network marketing. Will definetely digg deep to this

    1. Sue Price Post author

      I am glad my post helped you understand the Network Marketing industry.

      Thanks for your comment Vino.

  3. Dragan Palla

    Hi Sue,

    I’m sure internet can give a lot of opportunities and why not the retirement, if used the right way of course. Since I’m from Europe (Croatia), I hear often how our traditional retirement system will collapse too.

    So your network marketing can be a good idea to start since we’re talking here about low cost investments and not to mention that everyone today has a computer.

    Thanks Sue for this post and wish you a Happy New Year.

    ~ Dragan
    Dragan Palla recently posted..My new step in web designMy Profile

    1. Sue Price Post author

      Hi Dragan,

      I agree with you the internet has opportunities for everyone regardless of age.

      I so want to visit Croatia and I will. I have friends here in Australia from thee. I am sure this collapse of the traditional system for retirement will happen everywhere so we must find a new way – and yes the internet.

      Happy New Year to you too Dragan and thank you for your comment.

      Sue

  4. Viola Tam

    Hi Sue,

    Happy New Year! Glad to hear that you are combining network marketing and internet marketing. That makes total sense!

    After several months away from blogging, I am pleasantly surprised that your latest blog post is about Network Marketing as an option for ‘retirement’.

    I am a proud advocate of this awesome profession! More and more traditional business owners are finding this a more attractive business path – one that can provide a truly financially secure income stream at retirement due to the ‘passive’ income stream that it can provide.

    While I am still actively building my distribution empire (network marketing organization), my mentor, a practising dentist, has been enjoying his ‘passive’ income because his leaders are continuously building their individual business. I am blessed to be following such a great leader! He is demonstrating that we do not have to stop ‘working’ at retirement.

    I am a baby boomer who missed out this awesome trend when I was younger. I am now dedicated to educating other mothers about this not-so-widely-known lifestyle business option!

    Thank you for this wonderful post!

    Viola Tam

    1. Sue Price Post author

      Hi Viola,

      Happy New Year to you too and lovely to see you here.

      I love to hear that your mentor is a practicing dentist. I listened to an audio this week from a Dr who is also successful in Network Marketing. When I was working as a CPA I worked with many doctors and dentists as my clients and it makes sense for them to do Network Marketing as their income has not residual.

      I am so in agreement of helping young mums with this opportunity.

      Lovey to see you here Viola and I wish you every success for 2015.

      Sue

  5. Pinky Tyagi

    I love this blog post Ray. I work hard trying to attract fellow baby boomers to the industry and this will help many people. Thank you for sharing it and all those wonderful statistics.

  6. Akaahan Terungwa

    Hi Sue,

    I quite agree with you that retirement is gradually becoming history. Personally, I see no reason to retire (even at 100) because I love what I do and doing it everyday ensures I have loads of energy I would not otherwise have. It is my belief that many persons who see retirement as an option are a llittle uncomfortable with their present work and tasks.

    It’s a great idea you encouraged leveraging the unique power of the internet to start (and run) a business. However, don’t you think Network Marketing may seem too complicated for (most) baby boomers?

    Always,
    Akaahan Terungwa
    Akaahan Terungwa recently posted..2015: New Design, More Freebies And A Poverty Free Life!My Profile

    1. Sue Price Post author

      Hi Terungwa,

      Happy New Year. I hope it has started well for you.

      I live in a holiday town where a lot of people retire to. I see them become “old” and less vibrant. I think we both agree it is best to stay productive.

      Being a baby boomer and having most of my friends at my stage of life I think Network Marketing is way more acceptable than internet marketing to my generation. I know many in network marketing but most are almost afraid of the world online. So I see it the opposite to you just from the experience you have had. My generation at least in Australia have all been introduced to Network Marketing somewhere.

      Thanks for your comment as always.

      Sue

  7. donna merrill

    Hi Sue,

    Indeed, retirement is a thing of the past. And even if I was “retired” what the heck would I do? Psychologically I think it best to keep up working somehow and Network Marketing is a perfect fit!

    In our economic status, I would think that most of the baby boomers that are “retiring” still need an extra income just to get by. I’ve known some that have lost plenty of investments they had made and now faced with problems like just making ends meet.

    Network Marketing is a great place to be especially if one is “retired” or soon to be. It gives the chance not only to make money, but to socialize with others. It is just a win win situation.

    I know that anyone who will be following you would hit the jackpot with all of the knowledge you have Sue.

    -Donna
    donna merrill recently posted..Sales Funnels In 2015My Profile

    1. Sue Price Post author

      Hi Donna,

      I am with you I do not know what I would do if I was retired.

      I too know people who lost a lot of money in the GFC. I also have friends who retired and now work part time. I think we are going to see it more and more. Network Marketing makes sense for retirees I think more than getting a part time job. They can at least have the freedom to do the business when then want and especially if they learn to do it online.

      Thank you for your kind words Donna, I appreciate them very much.

      Sue

  8. Nisha Pandey

    Hi Sue,

    Awesome post indeed!

    I couldn’t agree any more with you, lol. Network marketing can be great idea at the retirement stage.

    There is a lot of time for my retirement. So, I haven’t planned anything regarding the same
    But, thanks for clicking this pretty idea which I can share to my elder relatives.

    Thanks again for the wonderful post. Have an awesome day ahead!

    1. Sue Price Post author

      Hi Nisha,

      I think retirement will be a thing of the past for you younger people. I am sure you will work online for a long time. It is scary for older people who thought by now they would e retired.

      Thanks for commenting here Nisha. I appreciate your feedback.

      Sue

  9. Adrienne

    Hi Sue,

    Happy New Year my friend and I hope your year started off well.

    I agree, the way we look at retirement today is so different. I look at my Mom and what she was able to accomplish on my Dad’s commissions and her salary. She was very smart with investing and also budget conscious.

    But with the way things have happened even since I have been an adult, I’ve seen so many people’s retirement funds go down to zero. We have to plan for our future and I think one of the better ways is to look into options we have online. Network marketing is definitely a great avenue to pursue. I know you’re doing really well Sue.

    Great to see you again and have a wonderful week.

    ~Adrienne
    Adrienne recently posted..Spread Your Wings: Leave Your Comfort Zone and Make Your Business GrowMy Profile

    1. Sue Price Post author

      Hi Adrienne,

      Happy New Year to you too Adrienne.

      Things were very different for our parents that is for sure. Great you Mom has been so smart with her money a great way to be.

      I too know many people who have lost much of their retirement funds. That is very sad for them but they can turn to the online world.

      Thanks for your comment Adrienne and you too have a great week.

      Sue

    1. Sue Price Post author

      I agree social media is helpful Avnich but there are still some traditional network marketers out there getting good results the old fashioned way. It is not what I want to do and I am sure it is a dying breed. Thanks for your comment.

    1. Sue Price Post author

      Hi Mohd,

      I agree social media is a great way to network and grow a network marketing business.

      Thanks for your comment.

      Sue

  10. John Crook

    Hi Sue,

    This is good article and very informative I truly enjoy this article.. I have one multi niche blog and I also have one group on facebook which having more then 30K+ members every day I got big number of visitors on my blog by help of groups sharing.. I think if anyone need instance traffic on blogs then social media sharing is a best way for generate instance traffic on website.

    Regards
    John Crook
    John Crook recently posted..100+ Cute Question to Ask Your BoyFriend or GirlfriendMy Profile

    1. Sue Price Post author

      Hi John,

      I am not sure of the relevance of your comment to my post but thanks for your information.

      Sue

  11. Tess Painter

    I’ve always felt that network marketing is the best way to market any product. There is a very high level of motivation and peer support involved in this field that is rare elsewhere. I reside at an assisted living facility Oregon called Prestige Care ( http://www.prestigecare.com/ ), and we have an army of Amway business owners here. The best part- there is so much activity going on around here all the time that you’d never believe that this is a retirement living community.

    1. Sue Price Post author

      Hi Tess,

      It is a great model to get a product to the market place. I misunderstood it for a long time but now love it. It is amazing how many people are in Amway but then again they have been around for a long time.

      Thanks for your comment.

      Sue

  12. Peter Beckenham

    Hello Sue,
    The issue of retiring with dignity and with a lifestyle folks planned for all their working lives is such an important topic today. So many people simply did not generate enough funds to support their retirement and an option like netoerk marketing cn easily be a wonderful solution for them if they simply want to supplement their income.

    You hit the nail on the head when you mentioned that with network marketing retired people can build their business around their preferred lifestyle.

    Thanks for sharing this important message and have shared it widely as so many people reaching or already in “retirement” should be made aware of this information.

    Best wishes from a Thai village

    Peter
    Peter Beckenham recently posted..You Don’t Have To Do It AloneMy Profile

    1. Sue Price Post author

      Hi Peter,

      The topic of retirement for people is indeed an important one. I hope more people in embrace the concept of network marketing to supplement their retirement.

      Ah so you are living in Thailand so I am guessing you living this model of life. I will go over and check your blog out now.

      Thanks for finding me here Peter and for your comment.

      Sue

    1. Sue Price Post author

      Thanks for your comment Ashoka. It is an excellent way to keep up or raise a living standard.

  13. Chistine

    Thanks for sharing this post. I also got the audio version of Tony’s book “Money Master the Game – 7 simple steps to financial freedom”. This is a must read if you want to be financially free.

    1. Sue Price Post author

      Hi Christine,

      It is a great book for sure and as you say a must read.

      Thanks for your comment.

      Sue

  14. Charlie Djinovic

    I tried direct sales in the past selling Avon and I felt the company was getting most of the money and I was seeing very little commission. So I started looking into other work at home opportunities that offer an hourly wage.

    1. Sue Price Post author

      I guess it depends what you are looking for Charlie. To build a business or have a job. Building a business never has an hourly wage but it has big rewards if you are in the right company and are prepared to work.

    1. Sue Price Post author

      Hi Kuldeep,

      Wow 3 hours is a long time to be surfing online without finding anything interesting.

      Thanks for your comment on my article and network marketing is a great option.

      Sue

    1. Sue Price Post author

      Hi Himani,

      Yes most people do want to work online these days. To find a network marketing company that allows you to work online gives you double leverage.

      Thanks for your comment.

      Sue

  15. Manidipa Bhaumik

    Hi Sue,

    Retirement is gradually changing its meaning. It is definitely a great choice to have something which you can continue till you leave the earth. And what’s better than the network marketing option!

    We are really grateful to this digital era for having some great choices for retirement income while doing what we love to do. Thanks for sharing the insights along with the stats. Take care.
    Manidipa Bhaumik recently posted..60% Discount SEO PowerSuite Summer Sale 2016 [Review]My Profile

    1. Sue Price Post author

      Hi Manidipa,

      I love how you have said ” It is definitely a great choice to have something which you can continue till you leave the earth.” It sure is a changing world. The digital era is such a liberation and coupled with network marketing we have a very powerful way to make income.

      Thank you for your comment.

      Sue

    1. Sue Price Post author

      It sure is Deb. The online world has given us so much freedom. Thank you for your comment.

    1. Sue Price Post author

      Hi SY Abuzar,

      I so agree with you as I too find I need a routine to stick to in order to be productive when working from home. I think we all do.

      Thanks for your comment here.
      Sue Price recently posted..Kalatu Blog – ENv3My Profile

    1. Sue Price Post author

      Network marketing is a fast growing business model and a great one. Thanks for your comment.

    1. Sue Price Post author

      It is a fast growing business Jason and yes you can combine internet marketing with it. Thanks for your comment.

  16. Lokman Hossen

    Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. In leisure time i think it’s best way to make extra income.

    1. Sue Price Post author

      Lokman I agree with you that Network Marketing is popular and offers a great way to make extra income. Thank you for your comment.

  17. Sadhan Pal

    Thanks for this awesome writing. I have a question. Please make me grateful giving proper advice to overcome this. I usually work on my blog at least 10 hours per day but why I can’t get proper traffic? I’ve performed a lot of ways of SEO like Blog commenting, Web 2.0 link building, Directory submission, Guestbook posting etc. But yet I’ve seen a positive result. Of course, I’ve used “White hat SEO” method while performing SEO. Although, I’m ignoring by Google. Why? Will I need to make long my working period than before?
    I am eagerly waiting for your kind reply.

    Thanks
    Sadhan Pal
    Sadhan Pal recently posted..How to make a blog on BloggerMy Profile

    1. Sue Price Post author

      Hi Sadhan Pal,

      I have not been blogging at all much lately and I have never worked on my blog 10 hours a day so my answer will not be very helpful. It sounds like you are doing a lot of things that should get you traffic. I really do not know the answer.

      Thank you for visiting my blog.

      Sue

    1. Sue Price Post author

      There is no need to apologize for your question and I am sorry I cannot help.

      You too have a nice day.

      Sue

  18. Ravi Roshan Jaiswal
    Twitter:

    Hi Sue Mam,

    Once again you proved that nobody knows the benefits of marketing better than you, Sue. Well done 🙂 The stats are enough to prove network marketing is best source of income after retirement.
    Reading the benefits of network marketing is inspiring me. The best thing of network marketing is can be start without investing more money on it.

    Thanks for showing an opportunity in network marketing. I will try my best and whenever I need you, definitely miss you.
    With regards.
    – Ravi.
    Ravi Roshan Jaiswal recently posted..13 Content Marketing Strategies Suitable For Even the Smallest BudgetMy Profile

    1. Sue Price Post author

      Hi Ravi,

      Thank you for your comment. The idea of retirement as we once knew it is fast disappearing and people around the world need to look for an alternative. As you said network marketing is a good one and you do not need much money to get started.

      Have a wonderful day.

      Sue

  19. Microleaves

    Hi, I completely agree with term network marketing retiring. Network marketing is one of the good options to earn lot’s of money whether you are woking on not. But the is that once you have a good idea, and you can able to implement in right way, It always gives positive output. I mean you have to work hard in the initial stage, Once it is boosted at top level then you can get retirement and will enjoy your life without any stress. Great saying and a great idea. Will encourage me to do something like that and pass my important time of life with full of enjoyment.

    1. Sue Price Post author

      Hi Leslie,

      It is a great option and yes as you say you do have to work hard initially. In my experience this applies to anything we do in life. Success is not achieved without hard work.

      Thank you for your comment, I appreciate it.

      Have a great day,

      Sue