Network Marketing is a journey towards financial freedom. Network Marketing brings a business opportunity that may produce a high income. It is an ever-growing industry. It provides the rank and files a golden opportunity to start their own business or entrepreneurship. Generally, people develop this business using their flexible working hours.
It is very popular to them who are looking for extra income using their leisure time. People can do this flexible business in part-time as well as without any lump sum investment.
It is also famous as multilevel marketing.
Most importantly, it brings a good business opportunity to them who have no finance or little finance to investment. Moreover, you can gain financial freedom from here.
Network Marketing: A journey towards financial freedom.
At first, this is a business opportunity. A lot of people are earning a handsome earning using this platform. Due to its many advantages, it is gaining speed recently throughout the world. Similarly, this decades-old marketing model is gaining popularity in India.[Also read the followings:
- Freelancing income.
- The scope of network marketing in India.
- Inspirational network marketing quotes.
- How to succeed in network marketing?
- Freelancing income.
- Artificial intelligence.]
What is network marketing?
In the first place, network marketing is one type of business model. Here, manufacturers or companies sell products directly to consumers. Companies avoid the traditional marketing chain of distributors, whole-sellers, retailers, etc. Instead, they use a network of distributors or associates who are customers.
In fact, in network marketing product movement solely depends on these business associates as well as customers. Therefore, you will not get these products in any traditional stores.
In this business model independent representatives sale products from person-to-person. Generally, they work from home. They need to build a network of associates or partners on their own who assist them for the product movement.
If you want to start a network business, then list your goals at first. Suppose you want to visit a lot of places like
- Sillery Gaon.
- Kolakham and Rishop.
- Sandakphu and Phalut.
Even, it may be various countries all over the world. Added to this you may taste tasty foods in restaurants or prepare at home like
But, your goal setting is extremely necessary. Your goals will work as your burning desire and they are your ‘why’. If ‘why’ is clear, then you will work for ‘how it is possible?’ At the same time, you have to handle the followings
How does network marketing work?
To begin with, network marketing is also popular as multilevel marketing or direct marketing or cellular marketing, etc. Companies encourage tiers of salespersons or multi-level of associates.
At first, the distributors or associates use these products at home within their families. Next, they sell these items to their relatives, friends and knowns. Moreover, they directly enrol a few people as their associates or business partners. Sometimes, they call them either ‘downline’ or ‘heart line’. On the other hand, the people who recruit the ‘downline’ are the ‘up line’.
The process of recruiting ‘downline’ continues to unlimited depth. Therefore, it is ‘multilevel marketing’. Earning of a person depends on personal sale along with the total business of various ‘downline’.
I am trying to clear it a bit. Suppose, you recruit 10 associates. They are your 1st downline or ‘heart line’. This is level1 or tire 1. Similarly, the associates that these 1st downline recruits are the 2nd level or tire2. These 2nd level people also recruit the 3rd level or tire 3. In this way the level or tire increases. Hence, new people are joining under various distributors of several levels and the level increases.
Network marketing income:
All network marketing companies possess an income structure. Here you will get two types of income.
- At first, you will earn the difference of MRP (maximum retail price) and DP/AP (distributor price or associate price) when you sell a product. There is no limit on selling. Added to this there is no territory bounding. Therefore, you can sell the product where you want.
- Secondly, the companies distribute income as per their career or income structure at the end of every month. If you want to earn from your team, then you require to fulfil certain conditions as per career structure.
In other words, you need more and more active people in your downline to get income. Only active downlines will help to expand your business as they will bring new people in your downline. Therefore, for a handsome income, you need to develop more active people below your every ‘heart line’.[Also read the following qualities that will help you to develop a good network
- Positive attitude.
- How to stay motivated?
- Law of attraction.
- How to be positive? Essential for success in life
- Power of spoken words.
- How to live life to the fullest.
- Leadership Quality.
What are the advantages of network marketing?
Network marketing provides a lot of benefits. Some of them are:
- At first, you are your boss. This is your business. You are the sole proprietor of your network or business.
- Secondly, flexible hours of work. You will decide when you will do this business.
- Thirdly, like a traditional business, you need not invest a lot before the start of the business. You never require to invest. You only need to purchase products for your personal use. Further, you can maintain some stock of products for selling purpose as per your capacity.
- Next, you need no extra quality or degree. It is a business of “LTD” i.e. learn, teach and duplicate. You must learn this business technique from your ‘effective up line’. If you can follow them, then you will succeed.
- If you are looking for some extra income, then network marketing may be a fantastic choice.
- Furthermore, you will get a chance to increase your working hours. Your downlines are working. You are also enjoying some benefits of their own business. The sum of self-purchase of every member in your downlines (team) is your business.
- As money is equal to time, therefore, you can get a chance of more earnings in network marketing. Here, you are multiplying your working hours through your active and effective downlines. Although, all the people who join your downline and purchase products are helping you to expand your business and earn more.
- Even, you can easily do international business with the help of network marketing as the reputed companies work globally.
- You need not any license for doing this business.
- Furthermore, you require no fixed place like a shop or office.
- The greatest advantage is that you will get not only financial freedom but also time freedom. Added to this you will get name, fame and recognition.
What are the disadvantages of network marketing?
The biggest disadvantage of this marketing is that we cannot think that it is our own business. Therefore, we are not serious about this job.
Generally, people think that they will earn a lot of money easily from here. But they are unwilling to know how it is possible and what they have to do for it.
As it is easy to join, therefore it is valueless to the majority of people. So they left the business without any pain.
Another disadvantage is that people are unwilling to learn. They simply ignore the fact that learning is earning.
You need to work very hard for around three years to build your base from where your income may go up and you may experience financial freedom.
Generally, people want time freedom and financial freedom. But they are unwilling to pay the price for it. Without paying the price, how can you avail the benefits?
Who can do this?
Anyone, who is an adult can do this network marketing business. Only you need a valid ID proof along with PAN card and photos. Besides, you require a savings account because the company will send your income in your savings account. The company generally send your income when your income reaches a minimum amount. The companies calculate income after the monthly closing date.
Although companies do not ask for any qualification, still you require a little bit of reading and writing along with internet knowledge. However, your active ‘upline’ will guide you and help you. But you must learn them if you want to earn a lot from here.
What is the power of network marketing?
Network marketing may be a very good solution for increasing unemployment worldwide.
Moreover, people get an income after deducting TDS (tax deduction at source). It means, that if you earn Rs. 10000 in a month, the company will deduct the tax from the source. Then you will get your payment. The system is very transparent. Therefore, tax evasion (non-payment or underpayment of tax) is not possible in this network marketing industry. Consequently, the government will earn more revenues from this sector in comparison to traditional marketing.
Another great feature of network marketing is that you first use the product. If you find that the products are really good, then you tell your close people to use them. They can easily know the benefits of the products as you cannot tell lie to your close circle.
There is no chance of duplication in this system. Products directly come from company to customer or consumer. In case of duplication, the company is directly liable.
This is the only field where everyone is helping others. If ‘downlines’ earn more, then active ‘uplines’ will earn more. Therefore, everyone is trying for your betterment.
If you can build a very effective ‘downline’ group, then your earning will increase or continue even if you are absent from your work for a long period due to some family problem or health problem. In other cases, your income will go down or you will be incomeless.
Added to this, network marketing is helping women empowerment. Almost, all the companies are marketing skincare (beauty) products and homecare products along with wellness products. Women are naturally very good in these fields. Therefore, it is easy for them to earn a good income from them. Additionally, they can work at flexible hours. So they can easily manage their family.
Also, read the followings:
- How to wash your face for healthier and clearer skin?
- How to maintain the beauty of your face?
- Right, order to use skincare products.
- Sunscreen cream.
- Flawless skin.
- Hair loss.
This knowledge will help you to better your business. It will help you to increase your business.
Is network marketing a good career?
Common people can earn a lot more from here compared to ordinary service or job. There are a lot of common people who are earning over six-figure income per month from here.
If you have dreams like home, car, bank balance, ornaments, foreign tours, children’s education, then you may choose this network marketing platform.
There are a lot of companies who are providing financial freedom as well as your physical wellness. These companies produce various supplementary foods which are necessary for our healthy eating habits. Our foods must contain a sufficient amount of followings like
Is network marketing bad?
Here, you need to choose the perfect company as well as good ‘up lines’. It does not guarantee any monthly income. You have to learn this business. Otherwise, you will not succeed here. Further, you need patience and learning attitude.
Before joining this business check that are you willing to learn this business. If you are not ready to learn entirely, then it will not work for you.
But always remember the power of it. As a matter of fact, it can change your life entirely. It is a wonderful opportunity for a lot of people. Is network marketing bad depends on you?
Top networking companies in the world:
There are numerous companies in the world. A few such companies are
- Natura Cosmetics.
- Nu skin.
- Forever Living.
Top networking companies in India:
There are several companies operating in India. Some of them are
- Mi Lifestyle Marketing Global Private Limited.
- Forever Living.
In fact, network marketing can change our lives. We can get name, fame, happiness, recognition along with financial freedom. If you join any company, then try to make it a gala success. It will also help to develop a better relationship with your love and relations.
The following topics will also help you to save. If you can save properly, then you can enjoy in life. Savings is another very important subject in everyone’s life
- Factual reasons to save money.
- Savings and its importance in life.
- Mutual fund, the best long term investment plan.
- Life Insurance Policy, importance, benefits.
- How to save money to live life merrily?
- How to grow your savings for a better future?
- Save money being a housewife.
- Child life insurance policy.