Basic advantages of network marketing
Three main advantages of network marketing. network marketing, Multi Level Marketing, multi-level marketing, is MLM all terms, that relate to the same type of business model. This industry, like no other, had a tarnished reputation more than once due to the wrong approach to it MLM business by some people.
However, if you explore and analyze the topic yourself and start cooperation with a good, legally operating one network marketing company you will definitely notice it, that this type of online business model, has unique potential to create a profitable home business.
network marketing can produce excellent results, if you know, a few simple concepts and you will understand what is decisive, to succeed in MLM. network marketing, MLM, is multi-level marketing different from franchising, or conventional business, because it uses three important principles.
Advantages of network marketing
- Powerful financial leverage (time and money)
- Passive income
- Geometric growth through duplication
Unfortunately, these advantages of network marketing are not well understood by most people, that cooperate in network marketing. And that is just one of many reasons, why so many people fail in network marketing. There are many other reasons, which I will not mention now.
But this reason is one of the most common. Because if you do not understand and do not believe in these principles, it is impossible for you to help others understand and appreciate these MLM business principles.
Leverage in Network Marketing
Every big success of a person, or company, is based on financial leverage. the fact is, that there is only time 24 hours and no matter how talented you are and how much you earn for an hour, if you do not take advantage of leverage you are limited by the number of days and hours. Learning to make the most of your time, you can also use other people's actions, to significantly increase your network marketing income, while creating more free time for yourself.
This is unique and wonderful in a network marketing business, that everyone has the same chance, to become the "owner" of your own home business, at little cost, because the investment in this business is symbolic compared to your own company, or a franchise business. Check LiveGood compensation plan.
In network marketing, the people at the top of the organization have a genuine interest in helping others, because the success of their business also depends on it. Consider, would you prefer to be paid for 100% one person's effort, or maybe 5% for the effort 100 people?
Thanks to leverage, not only the total earnings are increased, but your income is not dependent on one person. If the income is generated by the activities of many people, it is more reliable. Even if something unexpected, or negative happens with one, or several people in your structure, this has only a minor effect on the total turnover. It's great, to earn, when you sleep, or you are on vacation. This is one of the many benefits of network marketing and working from home.
Now let's consider passive income:
When someone mentions passive income, many people automatically think of actors, musicians, or writers. Passive income is it, remuneration, that you get long after the job is done once. There are many ways to earn passive income. However, many people do not understand this mechanism, and still others say, that passive income does not exist.
A very simple example of passive income is interest earned on money deposited in the bank, or investment. Once invested, the money yields passive income in the form of interest, without having to invest your time. Passive income is certainly not something that is achieved very quickly, although network marketing presents a real opportunity to build a significant stream of passive income in a relatively short period of time.
Most people, who are not successful in network marketing, or they chose the wrong MLM company, Or they just gave up too soon, because they expected, that success will appear overnight. It is important to, to recognize, that the true satisfaction of passive income is at the end, not at the beginning, and once you build your passive income properly, you will have financial security and time, to do everything, what you always wanted to do, for the rest of his life!
Geometric growth (duplication):
The classic illustration of geometric growth is often shown with the example of profit 1 a penny a day. If you earn one penny on the first day and double it every next day (you have day two 2 pennies, your third day 4 pennies, and so on), how much do you think you will have after 30 days?
Answer, to the surprise of many people, Is 5.368.709 zlotys!
Incredible, but true.
It's a simple and dramatic illustration of how network marketing works and how it uses leverage at work. If I can teach you, our strength has doubled. If everyone in our mlm structure will teach someone else, we have doubled our strength again. So duplication, or in other words, the geometric process of growth going further, can create truly amazing results in a relatively short period of time, as the above example shows 1 penny.
So in network marketing, you must understand and apply these three principles
- Financial leverage (time and money)
- Passive income
- Geometric Growth through duplication
Spending enough time and effort, you will enjoy a successful and financially rewarding home business, using network marketing.
