Network marketing is one of the hottest retail industries today. It functions on the idea that you sell products to people who in turn sell to other people who sell to other people and so on. It is a good way to distribute and sell your products. There are several advantages of this type of business over other business model.
If you’re just getting started, here’s a great resource to learn the basics of internet marketing.
Flexibility of time
In network marketing, you do not have to report to work at a specific time as s the norm with other businesses. You earn money by selling the products of the company to which you become a distributor.
In fact you earn as a distributor. When other people sell on your behalf you earn too.
Most networking companies pay their distributors for work done by other distributors under the main distributors. Therefore, by increasing the number of active distributors under you, you will be increasing your income as well. This can be done without necessarily increasing your working hours or the time you spent working for the networking company.
Low start up costs
Starting a multi-level business requires very little capital. Unlike other business that require huge amount of money to start up, you will need a substantial amount of money for things like stock purchases, telecommunication and advertising. It should be understood that it is not easy to do this type of business model without advertising and constant communication.
Allows international business
This type of business can be operated globally. Since multi-level marketing is all about communication between you and your distributors, all you need is internet connection and you are good to go. However, different countries have different regulations on buying and selling of commodities. You might be required to get a working permit to operate in certain countries as this may be regarded as work.
Having a network marketing business is like owning your own business or company. This basically means you are your own boss you have no boss to whom you are accountable. You make your own network, make your own adjustments and plan your time. It is you who decide when to work and how much you want to make in terms of money or income.
In this business, you do not need to have prior selling experience or any form of business background. But if you have some selling experience or some form of business background the better. Every individual who joins the network is entitled to some form of free training on product specification as well as marketing plan. These are very essential in understanding how you earn money from selling the products.
Easy to run
Network marketing is very easy to. You save a lot of money since there is no need to hire employee to run and manage the business. Most multi-level marketing companies have a maximum of three to four employees. This allows you to save some money that would be used on overhead expenses and office maintenance.