14 Mar 2008 02:11:36 | Terry Nicholls
Network Marketing, also called MLM or Multi-Level Marketing,
can be one of the most fun and rewarding
businesses today.
Robert Kiyosaki said:
"If I had to do it all over again, rather than build an old
style type of business, I would have started building a network
marketing business."
More and more companies are offering products and services that
the average person uses, and making them available in a MLM
format. Products such as nutritional products, water filtration
systems, communication services, and internet access are all
sold through Multi-Level Marketing.
MLM has gotten a bad reputation over the years due to the fact
that, originally, many companies were set up to make money only
for the founders, leaving those who got in later with nothing
but empty promises -- and pockets!
Even today, when most Network Marketing companies are
legitimate, many people don't like anything to do with
MLM. People will turn their backs on a great
opportunity simply because it involves Multi-Level
Marketing. They can't seem to forget the past.
What Is Network Marketing?
Network Marketing is a business about helping
people. These are non-traditional businesses, generally
worked from home (exactly what you're looking
for, right?).
Many business opportunities are actually network marketing
companies but, because of the bad reputation mentioned earlier,
they don't call themselves that.
Some of the advantages are:
low overhead
no employees
no office to rent
no commuting back and forth to work
For the most part, MLM companies offer reasonably priced
products and services that people consume in a short time.
That's one mark of a good company. The product or service
offered must be renewed (re-ordered) on a
regular basis.
As the business owner, you get a commission from the sales of
these products and services every time your
customer re-orders them. This is called a residual income. In
effect:
Sell Once, Get Paid Forever!
As with Affiliate Programs, others can
join the MLM program under you, giving you an override
commission (a percentage of their sales).
Compensation, products, number of people on your team (your
downline) will all vary from company to company.
Make sure you know exactly how things work
before you get involved.
Remember one important point about Network Marketing:
You must be actually buying a product or service to make
it legal.
For a more detailed explanation of Network Marketing/MLM, and
more great advice for your home-based business, please visit My Home-Based Business Advisor .
Terry Nicholls My Home-Based Business Advisor
www.my-home-based-business-advisor.com
Copyright © by Terry Nicholls. All Rights Reserved.
About Author :
Terry Nicholls writes from his own experiences in trying to
start his own home-based business. To benefit from his success,
visit My Home-Based Business Advisor - Helping YOUR
Home Business Start and Succeed for free help for
YOUR home business, including ideas, startup, and expansion
advice.