There are a number of reasons why people are attracted to an MLM business. Entrepreneurs all over the world take a look at the business model and compensation plan and realize that this kind of business is extremely lucrative, offering nearly endless possibilities.
With this in mind, is it any wonder why the network marketing industry has continued to thrive, even in a down economy?
Let’s take a look at some of the main advantages of the MLM industry and what it has to offer in comparison to any other industry, career, or opportunity.
1. Financial stability.
Through residual income, an MLM business can allow an individual to build income to last a lifetime. By doing the necessary marketing work in the beginning, after as little as 3-5 years, there can be more than enough residual income to retire and be comfortable.
The industry leaders generally don’t do it this way; but it is possible. If you want a more in-depth look at how to do this, check out some of the books that Robert Kiyosaki wrote. Between Rich Dad, Poor Dad and The Cashflow Quadrant, there are some solid tips on how you can build your own wealth.
2. Time leverage.
When you work at a job as an employee, you’re trading your time for the same amount of money every hour, every day, every week, and every month. If you’re making $15.00 per hour and work 8 hours a day, chances are your income won’t increase from one month to the next. If you’re consistently working in the MLM business, your income will continue to grow with every month you work the business.
Continuously and consistently performing money-making activities will ensure that you grow your business… and your residual income.
3. Superior products to market.
Because of the money MLM companies save on advertising and store costs, they’re able to put more money back into product research, development, and perfection. The science and technology behind a majority of these products doesn’t happen overnight; the products need to be developed and tested, too, and they have to get the desired results in order for customers to continue to order said products.
By producing and distributing highly effective, scientifically backed products, MLM companies have become the leaders in health and wellness products today. With development, research, and direct marketing techniques, an MLM business can thrive even in a bad economy by providing high-value products and opportunities to the everyday person.
4. Low start-up costs.
An MLM business has a very low start-up cost, making this a business opportunity that a great number of people can get into and find success with. The required activities to make money in this industry can be simplified into a few simple steps, all of which can be learned and practiced by anyone willing to dedicate themselves to the process.
Most people don’t realize when they begin that there is actual work involved, which is why so many people fail. When web sites make network marketing sound like you sit in a chair and do nothing but money keeps rolling in, it’s a bad reputation for any company presented that way. There’s a low start-up cost, but there is actual work involved – every profession requires a skill set, and so does this industry.
5. You are your own boss.
I know… some people don’t think that this is a good thing, others simply don’t have the discipline to do this… still others just don’t know how or don’t believe they can. Some people are only good at being employees, not being in charge of their own workday.
BUT… for those of us who are “unemployable,” the option remains: “self-employable.” MLM businesses offer a way for self-employable, entrepreneurial people to follow their dreams even if they may not have – or know – another business they would want to run. MLM makes it simple, with less book keeping, more freedom, and a fairly simple business structure, in order to help everyday people to achieve their goals.
These are only 5 aspects of the MLM business that are pros as opposed to working a day job. Doing some more research on the business and what it has to offer can give you further (more customized) ideas of why an MLM business could be right for you. Feel free to explore my web site for more information, free training, and tips on how to choose the best MLM company for you!....