Here
are some of the top reasons you should consider network marketing as your entry
into a home based business.
1. Time Leverage - For most of us, we go to work, we put in our 40
hours for the week and we get a pay check for the hours we put in. We trade our
time for money. The only way to make more money is to put in more of our time
or if you're lucky, convince your boss to increase your pay.
Networking Marketing,
however, frees you up to increase the time you get paid for. As you build a
team and increase the number of people working with you in your downline, you
also increase the number of hours worked in the business. You get paid for your
40 hours a week but you also get paid for the hours they put in.
This is leveraging your time.
Now let's say you decide you
only want to work 10 hours this week in your network marketing business. If you
have 20 people in your downline that also decide to work 10 hours this week,
you will get the benefit of your hours and theirs. That's a total of 210 hours.
Can you imagine trying to work that many hours at your "real" job
this week? You only need to put in 30 hours a day!
As J. Paul Getty said,
"I would rather earn 1% of 100 peoples efforts than 100% of my own
efforts."
2. Duplication - According to the dictionary duplication means
... "To make an exact copy of" or "To repeat".
For network marketers it
means teaching, showing and helping other people to repeat or carry out a
series of actions. Duplicating yourself means teaching someone else to follow a
simple set of plans and repeat what you are doing. They in turn will duplicate
themselves and your business will grow. This will result in your organization
growing and taking on a life of its own.
This is how to begin to
leverage your time.
3. Residual Income - The true power of network
marketing is the power of residual income. It is the ability to get paid over
and over for years to come on the hard work you do today.
When you first start your
business you have not yet duplicated and therefore don't have any time leverage.
The hard work of planting the seeds will develop and grow into a wonderful
harvest. The harvest is the residual income you earn from developing and
leading others in planting their seeds.
This duplication creates time
leverage and in turn creates a residual payout from the work of the downline
you have grown.
Working and helping others to
achieve their dreams builds your success. This is the TRUE POWER of NETWORK
MARKETING. Your success depends on the success of those you train. It is in
your best interest to help those below you and build them up. It's a business
plan of helping others instead of climbing over and stepping on those below you
to reach the top.
4. Tax Advantages - Creating a home office can
be one of the smartest things you ever do. Having a network marketing business
that you work out of your home allows you to take advantage of many tax
savings. The only requirement is that you do your work like a business and keep
records of all the things you do. A journal is a great way of doing this and
it's easy too!
By having a home office, you
can write off part of your house mortgage and the costs to maintain that part
of your house. You can write off your car, lunches at the restaurant, trips,
and many other things you are already doing. As long as the cost is business
related and you document it, you can write it off.
The tax advantages gained by
opening up a network marketing business out of your home can save you hundreds
if not thousands of dollars each year. So before you have even signed up any
downline or sold any product, you are already, in a sense, making money from
your home based business.
Network Marketing truly is a
powerful business plan. It makes everyone work as a team towards a common goal;
A goal of success!
No business works itself.
There is no such thing as
free money.
But there is a way to
leverage your time, duplicate yourself
, and
create a residual income that can truly make your dreams come true.
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It's all in the POWER OF
NETWORK MARKETING!
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