Starting A Network Marketing Business
In our previous article we looked at whether right now (during the coronavirus pandemic of 2020 should you come across this article some time in the future) is a good time to start a new business.
If you’ve read that article and decided that starting a new business is something you want to do and indeed have the time to do then stay tuned as we look at some of the different businesses you can actually start quickly and easily from home part time while you deal with all the other issues in your life.
To begin we’re going to look at starting a network marketing business because of all the businesses there are this is probably the simplest and one you can start today.
Let’s first of all look at what a network marketing business
Network marketing is a business model that depends on person-to-person sales by independent representatives, often working from home
It’s sometimes referred to as “referral marketing” , ‘direct selling’ or “multi level marketing” . Independent representatives of a chosen company (something they should be interested in or passionate about) sell products directly to end-user retail consumers by means of relationship referrals and word of mouth marketing. Nowadays with the growth of the internet and social media, representatives have a wider reach to sell their products and/or grow a team and it’s therefore become a very attractive way of starting a new business.
The benefits of starting a network marketing or direct selling business is that getting started is simply your desire – your determination, drive and willingness to grow in something new.
Here’s How A Network Marketing Business Works
Companies that operate on a direct selling or network marketing model provides products and services to you the new business owner excited to try their own thing. You as an entrepreneur / business owner will be provided with marketing materials, support and resources by the company you have chosen to represent.
Benefits Of Starting A Network Marketing Business
Low Startup Costs
Home Based
Can be operated part-time.
Can Be Run Online
The most popular sell health supplements and beauty products, but you can go with everything from travel (our favourite) to fine art prints. The advantages to this business are that start-up costs are minimal, hours are flexible, you can start part-time, and you can work from home. You don’t need to be a “salesperson” just make sure you believe in the products and the company you’re working with. Honest enthusiasm goes a long way towards persuading others to buy.
Some famous name you may have heard of
- Amway
- Herbalife Nutrition
- Mary Kay
- Avon Products
- Forever Living Products
We have a list of the top 100 Direct Selling Companies of 2020 for you to look at here
Our network marketing business (a travel club) was 27 on the list
It’s a business that best leverages social media to market making the financial cost of getting started pretty much risk free if you are prepared to learn the right way to start and build this kind of business. We would always recommend you ask someone you know in the network marketing business world how they got started before you commit to anything
As the late Jim Rohn once said
“Direct selling (network marketing) is a chance to turn pennies into a fortune, a chance to turn nothing into something”
If you decide starting a network marketing business is the one for you do reach out to us here for some free training as we’re passionate about helping people start their first business and we predict network marketing will surge as a business idea post the pandemic.
We’ve been working with first time entrepreneurs for the past decade and helped them choose the business that’s right for them and their circumstances
Now it a perfect time to be starting a new business especially at a time when job losses and unemployment is at it’s highest and the uncertainty of when this pandemic will end will have a huge effect on the world economy.
But it’s not all doom and gloom as we’ve said before
If you’ve found this article “Starting A Network Marketing Business” useful or informative, then please leave a comment below or if you have any questions ask away
If this can help someone you know, then please share it with them.
Until next time…
