Do you want to get into entrepreneurship but giving up your job seems too risky?
Are you interested in developing a business that requires a small investment and minimal time to manage, yet offers you a chance to earn a significant income?
Then network marketing may be a perfect fit.
Network marketing is the type of business best-suited for people looking for a flexible, part-time business that they can start earning money with away.
What is Network Marketing About?
If you are wondering what is network marketing about, the concept is quite simple.
Network marketing entails a program that requires you to put in a low level investment for a product or service. Then encourages you to share your experiences (with the product) in order to resell them to your friends and family.
It is also referred to as multi-level marketing which involves a “pyramid-structured network of people” who sell a certain company’s products using their personal contacts. As a result, they get to profit on a multi-level basis.
Whenever you make a sale of any product, you get a share in the profit. The more products you sell, the more commissions you earn.
The more people in your organization using the products and referring the products to others, the more commissions you earn.
Is Network Marketing a Pyramid Scheme?
You often find people asking is network marketing a pyramid scheme or not. Well, network marketing is actually a market operation that is carried out through a sales representative’s personal contacts and social association.
In simple English, using their ”network” to market a product or service.
It is a form of direct selling that utilizes strategies such as lead generation and recruitment.
The intention behind the model is to offer flexibility to the representative who wants to indulge in a part-time business without making any substantial investment.
There are several network marketing companies working in America that have made successful ventures out of this precise business model. These include Avon, Mary Kay Cosmetics and Tupperware.
Conversely, a few companies have been shut down for using network marketing as a pyramid scheme.
So, if you come across the question “is network marketing a pyramid scheme”, remain assured that it is not the model itself which entails any embezzlement acquisition, but the way it is utilized by some unethical companies.
Benefits of Network Marketing
The potential for network marketing success is huge. You can earn a substantial profit without having to go through the hassle of setting up a business and investing a fortune into getting things running.
Here are some of the top benefits that network marketing promises to provide you:
- You don’t need any employees, so you don’t have to worry about paying them or managing them.
- You don’t have to bear the expense of having a warehouse to store and manage the inventory.
- You can work around your schedule and carry out the day to day business operations as best feasible for you.
The reason why you’re hearing more and more about network marketing success; is as people begin to use whatever product or service their marketing, and the more they share their experience with others, the more money they tend to make. This serves as a huge motivation for them to tell other people.
This particular field is immensely lucrative.
If you want to expand your income resources or want to test the industry for entrepreneurial purposes. You should seek out the best network marketing companies for the type of things you’re most interested in and start from there.
I’ve been in a few network marketing companies over the years. Some good and some not so good. If you have any questions about network marketing, please leave them in the comments section below.