How "network marketing" or "mlm" business is good for your future?

The future with network 

marketing business is strong 

and should be considered as 

serious career and earning 

opportunity

Network Marketing is a business in which we don't invest money but we invest time. The industry that has created maximum millionaires in world.

Having spent 21 years in Network Marketing with one of the leaders in the space, while self practicing and following Global top Network Marketing Leaders, I want to share my personal experiences and findings this may help someone to understand growth, potential and get non stop results in network marketing business.

#1 "A Supplement Income is today's major need globally, especially in India"

For the people who are doing Jobs!

Except for the 1% ones from the top brass, people realize they are not prepared enough as the retirement age approaches. They have little savings than expected. Such savings may exhaust while building a house or some other family or social commitments. Most don’t have any major investments to start a business, thereby relying on Social Security and pensions. So many liabilities, so many dreams are still left pending. People end up spending the post-retirement on pensions and the savings from the job. And at that stage, life is just a compromise with so many dreams left unfulfilled.

For the people who are running small businesses!

Many people run their own businesses with very low investments or on loans. Everything is on loan. Houses, cars, personal loans, and later they realize that something has gone wrong. They find themselves very restricted and miserable and lead a life from one loan cycle to another.

Aforementioned could be one of the reasons or the ones coming next could be a few more reasons why Network Marketing is of use.

#2 "Network Marketing is highly effective, efficient and a risk free business model along with high earnings"

A business model that permits to experience big earnings, luxurious life style, higher rewards, excellent recognition, helping others to grow is the best working model. And network marketing business contributes all said.

You get paid for what you produce by product sales to customers, and also by creating a network of like minded people duplicating the same, as well developing leadership in network. You get paid exactly for what you’re worth to the company. Network marketing is simply developed on a number game and duplication.

In the corporate world, people hire talent, skills and qualifications to grow their business model. But in network marketing, people educate others to groom someone's talent, skills that benefit both the parties to reach where they want and get paid for producing a strong business for the network. This makes network marketing more powerful. There are many more reasons to start network marketing business to supplement earnings.

#3 "The Growth potential is incomparable, unique & unmatched"

Having been an independent consultant of Oriflame since last 21 years, I have all the reasons to be bullish about the future and possibilities of Network Marketing Business. The company with a management which follows ethics and guidelines set as per government and regulatory bodies, are the best companies to work with. Top that up with leaders who are duplicating and educating the same, you know where to start from.

Talking about the potential of networking, we have some best examples of networking in different sectors. Networking structure is successfully proven globally. With time, we have seen lots of changes in the networking style. In 1940's the networking model began by offering franchises and as on today, network marketing has entered into an extended and improved form, i.e. network marketing through direct selling and reaching customers through personal recommendations. That helped to create a low risk business, more personalized and customized service of their products.

#4 " Today, the world is a huge connected network"

In different sectors, hugely successful people have simply tried to create and maintain a strong network. If we talk about Facebook, Instagram, What's App, they are successful because they were able to create gigantic networks of people. Further in FMCG, if we take example of Coke vs Thumbs up, both are cola drinks but somehow, Coke has created a bigger network than Thumbs Up globally. Patanjli is another brand which is established on a strong networking bases. Firstly, they created a strong network and later created a strong selling process, giving competition to other long time established FMCG brands. Similarly, KFC, Pizza Hut, McDonalds, Pepsi and Ford spread all across the world in their own way. Creating a word of mouth network for direct selling segment is the best way to improve supplement earnings.

#5 "All ages should be engaged and remain active"

As per numerous surveys, people who are active and engaged in some work live a longer and a healthy life. One should be actively involved and engaged in something to feel young at any age. This is one of the most important parts. They get connected and keep their mind, soul and body involved in great ideas and helping others to do the same.

#6 "Last but not the least"

Find your own reason and purpose to start off with network marketing. Since there is no inventory risk, no need to employee staff and no huge investment required, why be inhibited? Simply learn through successful leaders get proper coaching and guidance.

As per my learning and thought, Network marketing industry has now entered into its golden phase, with the world being more connected than ever. With the combination of networking, direct selling and digitalisation, network marketing will only create more success stories in the times to come. To start with, just choose right company (avoid ponzi schemes) and try your luck in the network marketing business.

Its always a personal choice to either allow someone to hire your skills, talent and qualification or develop your own entrepreneurial skills through a network marketing business with zero investment requirements.

At any age, and under any conditions, one can jump into the Network Marketing business and that's the beauty of it. We just need to understand the way of doing Network Marketing, under the guidance of someone who's been there, done that. Thank You!

How "network marketing" or "mlm" business is good for your future?

With the exception of working for a large corporation, in my 27 year career I've worked in a family business that for a period of time was a small local franchise, I've owned a commercial real estate company and I now own a network marketing business and I've got to say without any reservation that network marketing is the best business model by far and here's why.  

1.  Low Risk. Very often the barrier to entry in business ownership is lack of start up capital. When my Dad began franchising his retail business in 1976 the franchise fee was $50,000 and 2% of gross revenue plus the franchisee had to buy all store fixtures and inventory and sign independently of the franchiser on a 5+ year lease; all told the franchisee was on the hook for a minimum $500,000 before opening their door as the proud (and in debt) owner of an Englunds Apparel for Men franchise. When you compare it to the risk of being an owner in network marketing well...relatively speaking there is very little risk and I call this aspect a blessing for those with financial limitations or low risk tolerance and a curse because often with little risk comes a less than committed mindset. Heck, my investment in my commercial real estate company exceeded $100,000 and my network marketing business was $399 - less than dinner (and drinks) for four at Sullivan's Steakhouse or Capital Grille - so I could have easily approached it with a "let's give it a try" attitude rather than a "I'm going to give it everything I've got" approach when there's more financial skin in the game.

2. Time Flexibility. In the eyes of every network marketing company (and the IRS) when you enroll in your business you are your own boss (a.k.a. Form 1099 or Independent Contractor) so the amount of time you choose to invest in your business is completely yours to decide. Many fit it into the nooks and crannies of their life - calls driving to/from work, an hour or two in the evening or some dedicated time on weekends. Time flexibility is imperative for those who have a job (or jobs) and full time commitments to an employer as well as other responsibilities such as family.

3. Proven System. Much like a franchise has a proven system for the franchisee to plug into, learn and succeed; a solid network marketing business will offer a step by step system to teach people how to grow their business. The company programs should include tools, training and teamwork to support the goals and ambitions of the new associate. For those people who have never been a business owner, a step by step "how to" is critical because they don't know the first thing about running a business and the experience of the company owners and teammates is invaluable.

4. Leverage or Scale. When I started my commercial real estate company it was my goal as the owner to leverage my position, bring on a small handful of other brokers then teach, train and mentor them so they would go out and duplicate my efforts by leasing and selling commercial properties. In network marketing the scale-ability of the business is often simple (I did't say easy), in that the typical barriers to entry (lack of money, time, etc) are very low or non existent and the system (tools, training & support) is in place for the new associate to plug into and leverage. Leverage in network marketing is no different than what I created with my real estate company or virtually any other type of business from corporate America with it's ocean of employees down to the small business owner with only a few staff - getting paid on the efforts of others is one of the appealing aspects and benefits of business ownership.

5. Residual Income. One of my best friends (I'll leave him unnamed in case one of his clients are reading this) is a wealth management adviser and I've always said I want to be him when I grow up because I've seen the incredible time freedom he's got because his income is recurring or residual. You see, as my friend invests his clients money and the market goes to work with that money (leverage), my buddy is paid by his client every month. Most of us work in a business where our income is directly tied to our ability to perform so we're either paid an hourly wage, a salary or commission and if at some point we can't work our wage, salary or commissioned job our income goes away if not immediately, eventually. In network marketing residual income is potentially and huge and life changing benefit - to do something once and get paid over and over, month after month and year after year is admittedly really nice even if the residual is a few hundred dollars per month to cover some recurring (residual) bills like electric, cable or cell phone.

Understand that network marketing isn't perfect (what business model is) but in the U.S. alone the industry generated in excess of $32 billion in revenue (2014) so there's no denying its viability and legitimacy and many well known 'traditional' companies like Amazon are leveraging this marketing model by offering people a financial incentive to share their product or service; by example, over 50% of Amazons' revenue is generated by affiliate marketers.

However, I do believe the industry is misunderstood by many whose perspective is based largely on the experiences of others who quite frankly, for reasons stated above and then some, probably didn't take their business seriously, chalked it up to the cost of an expensive meal or had illusions of grandeur that by simply enrolling they were going to make a lot of money and maybe even get rich - sorry to tell you network marketing is not like winning the lottery. Well, as a full time network marketer who sold his traditional business to be here, let me tell you that like any other form of business ownership there is a lot of work in netWORK marketing but the rewards for being consistent, having a long term view and taking full advantage of the available tools, training and support make it well worth every minute I've invested.

Some of the most respected and successful people in the world have invested in network marketing businesses (Warren Buffet, Donald Trump, the Perot family and Darwin Deason, to name a few) because they recognize the industry is exploding and it's future looks incredibly bright. They also understand that when you marry the hope of an individual with a professional platform for fostering their goals and dreams, it's an extremely powerful combination for personal and professional growth.

In the words of my friend Eric Worre, "we have a better way now let's go tell the world." And I am proud to call myself a full time professional network marketer.