What is Network Marketing? Benefits of Network Marketing
Just what is Network Marketing? It is a form of franchising based on word-of-mouth advertising. Imagine this: you see an extremely good movie. It is only natural for you to tell your friends and family about it. However, you are not paid for your efforts. Network Marketing is founded on a similar concept: if you like a particular product, you will tell your friends and family about it.
Now, why do we say that Network Marketing is a People’s Franchise. A franchise concept gives us the opportunity to own and run a business because the system is easily duplicable and is a very successful way to start up our own business. The Network Marketing system is being duplicated through people and therefore, is known as a People’s Franchise. The best part of this is, it is proven to provide a very lucrative source of income.
Let’s look back at some of the concerns raised by running your own business and see how Network Marketing addresses these concerns.
CAPITAL
A traditional franchise normally requires high capital investment to buy the franchise, right? While we may say that the concept of franchising is great, statistics show that 33% of franchises can only break even after 5 years. Only 33% will make it in the traditional franchise. It requires almost 50-70 hours per week to manage the franchise. You will probably need 3-5 years to get back your returns because the average franchise fee is $50,000 with an average royalty payout of 5%.
In comparison, Network Marketing’s capital investment is minimal. Its low capital investment makes it an extremely attractive option as it is now possible for almost anyone to get involved at any time. A very good example is Synaura International, which provides a 100% No Risk Policy to people who decided to participate in the network marketing business. No sign-up fees to start the Synaura business.
RISK
The risk factor becomes almost non-existent because of the low capital investment required. The system has been proven by people who have ventured into the business. Therefore, your time investment will eventually generate the returns. The returns of the business are almost infinite – you can reap high returns in minimal time as you are now earning multiplex and residual sources of income.
Most of all, Network Marketing allows the business owner to have personal time freedom eventually because the business will eventually run by itself. This is possible as long as you put in effort to build a sizeable network. After a certain amount of time, you may find yourself enjoying a paycheck every month even as your level of activity gradually lessens.
Network Marketing will truly help to leverage time with both its residual and multiplex sources of income. You, like millions of others, can one day achieve true wealth with Network Marketing.
Now that I have explained how you can leverage your time for creating wealth, your next question is when do you start? Even as you are still deciding, the clock is ticking. Time is running out.
If you live to be 70 and you are now 35 years of age, you only have about 12,000 days left to create wealth (bear in mind that you spend one third of your time sleeping!). You will find that you do not have much time left. If you are thinking of creating wealth for your retirement or before you even reach retirement, then you have to start NOW. If NOW is not the time to start creating wealth, then WHEN?
Mark Fisher, author of “The Millionaire’s Secret” says, “People’s greatest mistake is thinking that they have all the time in the world to do what is important”. Do not make this mistake yourself.
