Network Marketing, Is It For You?
Network Marketing, Is It For You?
Network Marketing, Is It For You?
Network Marketing, is it for you? This is a question that most everyone will have to answer at some time of their life. I would venture to say that there isn't anyone in the United States that hasn't, at one time of their life, been approached with a Network Marketing opportunity.
So, I thought I'd help anyone looking at this industry by taking a, relatively, unbiased look. I would hope that this article will be of some help to anyone who is trying to decide if this industry is right for them.
Let's look at the plus side first, then we'll take a look at the negative aspect of MLM. The best plus, in my opinion, is the freedom involved with Network Marketing. Freedom to choose when you work, how hard you work, the way you work, and if you will work. Of course, this kind of freedom can be a double edged sword and can be a negative as well as a positive.
In this industry, if you work hard and smart, you can earn a lot of money. If you are lazy and don't learn how to build a business, you will struggle and fail. But, with that freedom, you can finally get paid what you are worth and have the satisfaction of knowing you built your business with your own two hands, so to speak.
Another plus side is the relationships formed by working closely together with, first your upline sponsors, then, later with your downline as you teach and train them to become successful. The real rewards in Network Marketing is not the money, it is the success you help foster in those you have sponsored into your business.
This is about the only industry I know of where you work hard to ensure the success of others and in that way ensure your own success. This business is all about helping each other to be more successful - much different than most other industries.
Another plus is the self-education you can and should receive as you learn about you and how you are supposed to interact with others. These interpersonal skills are another one of the great rewards of working in Network Marketing.
There are many other pluses such as financial independence, personal growth, and business knowledge, but we don't have the time or space to cover them. Let's look at the negative.
The negatives come from the general stigma attached to Network Marketing by the uneducated. Many people still see this industry as pyramid schemes where people are paid to recruit and no product is sold. These are illegal and virtually nonexistent. If one were to analyze any corporate structure, they would find it to be a pyramid in that the CEO, makes more than the people at the bottom. The mid managers don't make as much as the CEO, but they make more than the janitor and so on.
The big difference is that in Network Marketing, the people at the top are trying their best to get the people at the bottom to get to the top. This does not happen in the typical corporation.
The big negative is that 97% of people who get involved with this industry struggle and fail. The major reason for that failure is poor training and a lack of marketing knowledge and having all the correct strategies. With the advent of the Internet, network marketing has found new avenues to build businesses. The modern network marketer must learn the new strategies if they are to succeed in this industry.
Anyone can overcome this negative by finding a system that will give them the training and allow them to plug into an established system that will walk them through the process of education and application.
All in all, Network Marketing can be the most rewarding business around, if the person involved has all the knowledge they will need to become successful. I suppose this is no different than any other business. Skills must be learned and employed to ensure success.
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