It is easy to get sick of the grind: the dismal 9-5 system. Maybe you spend too much time for too little money. This is so ingrained in our minds that any alternative way of making money or becoming our own bosses seems to be a Herculean task. However, this difficulty is illusory. The secret to being your own boss and making decent money relatively easily away from traditional work may just lie in network marketing.
Network marketing is a popular method of business and an alternative form of product distribution. The traditional method of distributing products to customers is one we’re all pretty familiar with. Products are manufactured somewhere, then sent to a distributor who sends it to stores to be brought by customers. Its relatively straightforward and lots of people profit along the way. However, network marketing provides a different system.
With network marketing the distribution is done through a network of agents who market the products to other individuals. These agents may have other people under their leadership who market goods to others. Profit is made via direct sales and distribution of the products.
“Wait. Is this a….?” I know what you’re thinking. “Pyramid scheme”, right? While they are admittedly similar systems, there is one crucial difference.
Pyramid schemes focus on the money being made through the recruitment of others. These people may be duped into thinking that through the pyramid scheme they will easily find their fortune, when really they are just the means for others to make money. With network marketing the focus is on selling and distributing the products- not the recruiting of others.
It can be such an effective system that some very well-known companies operate and sell their products through network marketing. One of the most well-known examples of this is Tupperware.
Now before you think I’ve drunk the cool-aid and am now off to start a pyramid scheme, there are some negatives that are very much worth consideration. The most obvious is the clear similarity to pyramid schemes. If you do plan to involve yourself, you need to be sure that you are engaging in a legitimate network marketing system – not a pyramid scheme which is illegal. This will require significant diligence and research on your part to be sure, but a good rule of thumb is to note how the money is made.
The Federal Trade commission says the following about the difference between network marketing and pyramid schemes:
“They all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program- not based on profits from any real investment or real sale of goods to the public.”
However, with direct marketing, the focus is money made via sales – not recruitment. When it works, network marketing can be hugely beneficial for all parties involved.
There are other considerations too:
The good news is that getting started in network marketing is a relatively simple process.
A popular choice is nutritional products. Initially you will have to invest some money to register with the company and buy the product you wish to sell.
These prices can vary but often begin around $100. Companies like Tupperware, who are built around network marketing, offer down payments. Considering the amount of money they charge to get started is crucial because whatever is required you will have to recoup before you can make a profit.
It is advisable to listen to what they say. Companies experienced with network marketing will likely have systems in place to help you get started. After all, you’re part of the way they will make money.
You should consider building a website, or market through social media, classified ads, and even to friends and family. (We’ve all heard of Tupperware parties which for all intents and purposes, are super-casual trade shows.)
After considering this information, all you need to do is select your company and get selling!
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