subject: Mortgage Network Marketing - Should You Stake Your Claim? [print this page] When you think of network marketing, the first thing that usually comes to mind are direct sales of consumer products produced by companies like Amway, Pampered Chef or Mary Kay Cosmetics. In fact, there are hundreds of types of network marketing companies selling both products and services across many industries. One popular form of network marketing allows you take advantage of money saving opportunities while you are engaged in common activities, including buying and selling a home.
Mortgage marketing models have become increasingly popular over the years with home buyers. These types of programs allow someone who is selling one home and buying another to save thousands of dollars in the form of low interest rates and rebates. It works like this: you contact a mortgage network marketing company and you apply for a loan.
Your home gets appraised, and if your home is valued over a specified dollar amount, you become eligible for cash rebates - some up to 25% of the real estate broker's commission. You get the rebate because the company has a pre-established network that handles all of the ins and outs of the home buying process.
There is a pre-set value assigned so that all parties - including you, are able to make money. These network mortgage companies also provide a way for people to invest in the real estate market who may not have otherwise had the extra funds to do so.
As with all MLM opportunities, you have to pay to join a mortgage network. You can recoup your joining fee and create an income for yourself by recruiting others to sign up for the program. As they make purchases and in turn, recruit more people, your income rises.
With these types of mortgage opportunities, there is room to make as much or as little money as you'd like, it all depends on the level to which you want to be involved. The model is the same for any other network marketing company, but the products and services are a bit non-traditional.
As with any business opportunity, there is work involved. You can't reap the best rebates and rewards with a mortgage network unless you are willing to put in the legwork to expand the network and grow the business. You set your own hours and you determine how much work you will put in to recruitment and sales.
