Many people claim MLM is the best way to earn money online. That may be hard to controvert.
1. Inexpensive business
When compared to other business models such as franchising, starting up as a distributor in a network marketing business, is very affordable. Many MLM businesses can be started for little or no out of pocket expense. When you combine this with how inexpensive it is to use the Internet to market your products and business opportunity, it is no wonder so many people all over the world join network marketing companies every day.
2. No experience required
You do not need a college education, or business experience to start a network marketing business. As a matter of fact, lack of experience can work to your advantage, especially when it comes to Internet marketing. You can bring a fresh approach to promoting online and making money.
3. Retail profits
Selling products at the retail level is an excellent source of cash flow for your overall business. Network marketing uses the direct sales concept to get products out into the market place. You by-pass the normal supply chain of manufacturer to regional distributor to retail store. You are the distributor which allows you to keep more of the profits. Using the Internet saves you money on expenses such as rent, inventory, and employees. You earn more money and keep more money this way.
4. Leverage your time
J. Paul Getty once said he would rather make money on 1% of the efforts of 100 people, than 100% of his own efforts. With network marketing, you earn more money by building a downline of distributors and capitalizing on their sales and marketing efforts. The Internet works great for leveraging your time to sponsor and sell because you are always open for business 24 hours a day and so are your business partners.
Once you have a system in place for promoting, selling, and sponsoring, you can train your team members to duplicate what you are doing. Most network marketing companies today have excellent resources to help you with this. These include money making websites, email auto responders, live and archived training webinars, and other marketing materials such as banner and text ads. Some offer co-op advertising programs that let you begin to promote online and start earning money right away. This pools the purchasing power of a large numbers of distributors as opposed to paying for all of the advertising yourself.
These are 5 reasons why network marketing is the best way to make money online. Whether you want to supplement your current income, or build a million dollar business of your own, network marketing is the best business model to get started doing that today!