Work from Home – Network Marketing
This is the 4th part in my Work from Home series where I am showing the myriad of ways you can earn an income working from home. You can find the others at Work from Home, Work from Home – Internet Marketing and Work from Home – Affiliate Marketing.
You can work from home and do Network Marketing online, offline or do a combination of both.
I have written about Network Marketing many times on this blog. Network Marketing is also called Multi Level Marketing (MLM), Direct Marketing and Referral Marketing. Some of my previous posts tell you the advantages, how it works and the history. Some of them can be found at;
- Network Marketing
- Network Marketing Business
- Network Marketing Today – this link is to the fist of a 5 part series
- What is MLM? – this is a 6 part series
If you are going to Work from Home then I advise you to include a Network Marketing business as part of your business. There are many reasons I say this and the main one is – Residual income. Income that keeps being paid to you.
Work from Home – Network Marketing
What is Network Marketing? (or MLM)?
Wikipedia defines MLM as “Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of others they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation. Other terms for MLM include network marketing, direct selling, and referral marketing.”
Network Marketing is a very fair method of distribution. It is a method of distributing products and services directly to the consumer. Rather than going through shops and retail outlets it uses a marketing network of self-employed people to find customers.
These self employed people are called a range of things including distributors, associates, consultants, independent business owners, members and representatives.
It is now 65 years since the method of distribution began and it is still often misunderstood and treated with suspicion.
While the industry continues to have its critics some of the richest men in the world are advocating, starting or purchasing Network Marketing Companies. They’re the World’s Business Experts, Visionaries & Trendsetters and include Robert Kiyosaki, Donald Trump, Sir Richard Branson and Warren Buffet.
Robert Kiyosaki ~ Business of the 21st Century explains Network Marketing by saying ;
“By it’s very nature and design, network marketing is a strikingly fair, democratic and socially responsible system of generating wealth.
These may be economic hard times for the majority, but for the many entrepreneurs, these are times teeming with economic potential.”
“Not only is now the time to have your own business, but there has never been a better time than right now.”….
Here are some of the additional benefits of Network Marketing:
- Minimal start-up capital
- You use sweat equity to build an asset
- No asset risk (you don’t have to borrow against your house to start it)
- Virtually risk free
- Established systems and training (with most companies)
- No employees, premises, need to carry stock or debtors
- You support and train independent business developers
- Low overheads
- You can have true time freedom
- The business should eventually work without you
- Lifestyle choices
In Network Marketing you are building an asset that can be passed on to generations to come. In most companies your business can also be sold.
Traditionally people built their Network Marketing Business offline by word of mouth. Today with the internet we can use online methods to build our businesses. The online world gives us the ability to build global businesses.
We no longer have to travel around the country (or world) conduction meetings. We can use such things as webinars to connect people.
If you enjoyed Work from Home – Network Marketing please leave a comment below. Do you do network marketing? Do you have any questions? And if you found this post of value please share with your friends.
In my next part to this Work from Home series I will be discussing Blogging.
Make it a great day
P.S. If You Don’t Have a Step-By-Step Blueprint For Generating More Leads, Check This Out (Unless You Already Have Too Many)