Unfortunately, many people have the wrong perception of what Network Marketing is, so I thought it would be useful to explain exactly what is Networking Marketing all about.
Definition: Network Marketing is a business model in which a network of distributors is used to build the business. It is a legitimate business. Instead of paying huge amounts in advertising and sponsorship, for high profile people to endorse their products, Network Marketing companies pay a portion of every sale, by way of commission, to the distributors within the company who market the product on the company’s behalf by word of mouth.
If you are thinking of starting your own business and are considering Network Marketing Robert Kiyosaki’s book “The Business of the 21st Century” gives a really good insight into the industry, even though he has never entered into a Network Marketing business himself.
There are many advantages of choosing Network Marketing over other business models:
Low Start-Up Costs – you can start a Network Marketing business (or direct sales business as it is also known) with a relatively small amount of money and work at it on a part-time basis alongside what you currently do.
Global Business – With the advent of the internet it has made it possible to have a global business, as many Network Marketing companies are open in more than one country, rather than being restricted to operating in one country.
Leverage – With a normal 9am-5pm job you are limited to those hours of working and the income that working those hours provides you with. However, with Network Marketing, if you find other distributors to also sell the products this means that you have others out in the field working on your behalf without you having to work more hours.
Residual Income – Through gaining customers with your Network Marketing Company or finding representatives to gain customers where you earn commissions every month enables you to earn a residual income by leveraging other people’s time as well as your own.
Training & Support – Most Network Marketing companies have a simple system to success training programme for all new distributors to follow. Many companies also have great training from the top leaders in the company who are more than happy to share their journey to success. It must not be forgotten, though, that it is your own business so it is important to take personal responsibility for everything you do to build your Network Marketing business.
Time Freedom – With Network Marketing it is possible to get away from the traditional work ethic of working a 9am-5pm job. You are able to choose when you want to work, with whom you wish to work and where you want to work. However, Network Marketing is not a business built overnight. It is built over time and those who are successful within the industry have usually taken between 3 and 5 years to build their businesses working on a consistent basis.
Tax Efficient – As with any business where you are self-employed, there are many tax efficiencies to having your own Network Marketing business.
Personal Development – Many Network Marketing companies have great Personal Development Training programmes in place to help you grow as a person and encourage you every step of the way of building your business.
The reasons above were, very much, what attracted me to Networking Marketing.
Before making the decision to join you must do your due diligence to check the credentials of any company you are joining. Many people enter Network Marketing thinking it will be easy to build a business and are shocked to find later that it isn’t. The fact is, you must be committed to work consistently at your business and not give-up at the first hurdle you come across. If you work consistently over a period of years the rewards can be high.
Some of the best known Network Marketing Companies in the UK are: Avon, Body Shop At Home, Jaime At Home, Forever Living Products, Herbalife, Pampered Chef and Utility Warehouse. SendOutCards is relatively new to the UK so is a great ground floor opportunity.
I hope you have found this interesting and look forward to hearing your comments. If you would like to know more about what I do please do not hesitate to e-mail me