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Home / Biz Tips / 7 Reasons to Start a Part-Time Network Marketing Business
7 Reasons to Start a Part-Time Network Marketing Business
Last Updated: JUNE 18, 2013 By FELIX MACK
Network Marketing Business1. An Income Generating Asset - Most people’s income source stops when they stop working. If you have a j.o.b you know that if you stop going to work, you don’t get paid. Similarly, if you have your own business or franchise, you don’t get paid unless you’re seeing customers or selling product (in fact, it’s likely that the business will own you rather than you owning the business). Can you ever build freedom that way?
The beauty of network marketing is that once you build your network, it keeps working for you – generating income even if you stop working. That’s what wealthy people do, they build and work hard to create assets that keep generating and growing their income.
Network marketing companies give you the opportunity to build and create your own income generating asset by building your own network. What’s easier? spending your life working to build someone else’s network through a job, or working hard for a few years to build a network that will generate income for the rest of your life?
2. Low Start-up Costs – This is one of the most affordable ways to start a business for yourself today, considering the potential returns, especially in today’s economy. You can typically get started in network marketing for under $500. In fact, some companies have programs for under $100.
3. Tax Advantages – We do not provide accounting advice, however, it is widely known that having a business can be a tax advantage for you. Wealthy individuals pay some of the lowest amount of taxes because of all the tax advantages they have. If you want to have some tax advantages when you file your next income tax return, you should start a business. Even if it’s not a network marketing business, just start a business.
4. Personal Development – It is said that MLM is truly a personal development business. I mean, you really do have to do some personal development to rid yourself of all of the negative beliefs that have been implanted in our minds throughout the years.
It’s a continuous process that goes hand in hand with the industry. It’s all about growing and investing in yourself and your mind and becoming a leader in the industry. If nothing else, you can change your mindset and attitude towards life.
5. Fulfilling Dreams – If you have dreams of working 9 to 5 every weekday for the rest of your life, then network marketing is not for you. If you have dreams of owning a rewarding business, traveling, and/or financial freedom then you should consider network marketing. But only if you decide and work hard to accomplish those dreams. You can start now or wait for a new year, but either way it’s better to begin working towards achieving your dreams instead of someone else’s dream – don’t you think?
6. Helping Others – This is one of my favorite reasons for getting involved in this business! Zig Ziglar put it best – “If you help enough people get what they want, you get everything you want”. Your success in the network marketing industry is dependent not only on your hard work and desire, but also on the success of those you decide to help. Here at Visionaries Worldwide, we are committed 110% to helping others and building leaders.
7. A Solid Business Model – Robert Kiyosaki, Warren Buffet, Richard Branson, Donald Trump. Do you think these individuals know something about money, cashflow, investing, and creating assets? That’s one thing they have in common – They have also all had or have some involvement in the network marketing industry.
The fact is, network marketing is one of the fastest-growing business models in the world whose success has been documented by some of the most credible financial journals published – such as Fortune magazine, Forbes and The New York Times. And, unlike a franchise you do not have to spend hundreds of thousands plus 80 hours per week to get involved.
So if you’re looking to create some additional income, consider getting involved in network marketing. And while you think about it, consider these questions:
1. When would you like to retire: in 3yrs, 5yrs or 10yrs?
2. How much money do you need monthly to retire comfortably?
3. How much money do you need to invest at a 6% return to receive your desired monthly income? (hint: take the answer from question #2 and multiply by 200).
If you have a plan to achieve your retirement goal and accumulate your desired income, awesome! you’re all set. If not, that’s yet another reason you should consider network marketing.
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