Home Based Business - MLM
In view of fierce global competition and incessant arrival of new entrants in the business arena, the existing companies are trying to stay competitive, seeking synergies by way of mergers and acquisitions, achieving internal efficiencies, utilizing technology to achieve competitive edge over competition, focusing on better customer care and the least desirable of all corporate actions, by downsizing. We see news that major companies are planning to lay off employees in view of the top and bottom line shrinkage, therefore, we see capable and experienced people without employment and those who are employed have no assurance of continuity of their jobs.
There is a very simple solution to this problem. Join an MLM (Multi Level Marketing) or NM (Network Marketing) company and promote their products and services. In that case, you dont have to leave your job and no funds get stuck in inventory as you merely facilitate a sale transaction without taking possession of the item purchased through you. In other words, you are a salesman called IR (Independent Representative) but you are not an employee of the company you represent but a franchisee or business owner and get commissions on sale of products and services. You can appoint new IRs under you but you dont get any commission for merely appointing a new IR, commissions are paid on sale of actual goods or services.
In a typical manufacturing setup, the flow of goods is like, Company--Distributor-- Wholesaler--Retailer--Consumer. So, if you see, the distribution cost is massive owing to a very long supply chain and inventory is carried all the way through, adding cost at each level. In an MLM or NM company, this flow is almost direct, i.e. Company--stockist (Who is the network marketing company)--Representative- Consumer. As you can see, the company eliminates the middlemen and distributes lucrative commissions among Independent Representatives according to the quantum of their efforts, i.e. sales volume / value achieved by them.
You will notice that the inventory flow is from the stockist (NM Company) to consumer straight. You as an Independent Representative will only facilitate the transaction and will neither pay for nor hold inventory. The product will move from the company to customer. You will not only get commissions on sale but will also get part of the commissions on all sales by new Representatives that you appoint under you. Plus, this will not stop there you'll continue getting commissions all your life if you continue working and that will automatically transfer to your spouse or anyone you enlist as beneficiary.
Now, I take you along a logical flow, What, Why, How, and When
1- What - I have already explained to you about the concept. You can become an IR (Independent Representative) by joining any genuine, fast growing and dynamic company.
2 - Why - To gain financial freedom. If you do it part time but seriously, you can generate the amount equivalent your current salary. But on top of that, you'll continue getting residual income all your life and even after that because the organization of sales personnel (Independent Representatives) that you will create below you will continue working, selling the products and services worldwide. I believe you pay less taxes in this business compared to employment where the tax is mostly deducted at source. Therefore, its a business that you can transfer to your beneficiary, unlike employment.
-A secure future
-It can be done from your home, anywhere in the world.
-There is no need to carry inventory
-Large Sales force working for you
-Time leverage - Many people doing your job, e.g. 50 people X number of hours they work per week is actually counted as your output.
3 - How - By joining the company as Independent Representative (IR) and later by appointing two directs under you to continue building a robust organization of active and dynamic people. All those joining the group are owner of their own franchise and are in reality the Franchisee or Business Owners.
4 - When Whenever you feel you are convinced and ready for action.
Now I list some FAQ's that may come to your mind.
Q- Is this a legitimate business?
A- Yes. If the company you represent is legitimate then it is legitimate, and a highly lucrative proposition as well.
Q- Can I do it part time?
A- Yes. But, in order to be financially independent, you need to do it seriously. And you will see the benefits pouring in quickly that alone will motivate you to jack up your efforts. By seriously I mean you put in 5 to 8 hours a week, your free time of course.
Q- Does it require some initial investment?
A- Yes, around US $ 600 to register and qualify. It means you must either sell or buy one of the companys products. Thats it. After that, you need to invest your free time only. If you manage to sell the product to someone else, in that case all you need is the registration fee which is nominal, around US $ 10 and is renewed on an annual basis.
Q- Is there any chance that I will fail?
A- The only chance of failing in Network Marketing is that you give up. There is no other way you will fail.
Q- Do I get any commissions for recruiting people?
A- No. You don't get any commissions by recruiting people alone. In this business, you must make an organization of your own who must promote the company products and services. Suppose, you recruit two directs under you and they work one hour daily. In that case, your output would be 3 hours a day (1 yours and 2 of those under you and so on so forth). If you have 100 people working under you then you have an output of 100 hours on a daily basis if each IR in your organization works 1 hour every day. That is the gist of it
Q- Is it true that people make enough money in this business that enables them to leave their jobs?
A- Yes. Many people are doing it full time. They first established themselves in this business and then left their jobs. In the first six months you will have an idea as to when you can safely quit your job.
Q- What if I relocate to another country?
A- That is not a problem. Only intimate the company about the change of address by updating your account details so that the payment checks (cheques) will be delivered to your new address. You can maintain your virtual office and can create your own free website for business purposes.
Q- Once in, can I start with my family members and friends?
A- Thats what you should ideally do, because that way you are ensuring their future earnings as well. And secondly it is easier to convince a potential customer who trusts you.
Q- What is the period required to get financial freedom, i.e. generating equivalent or more than my current monthly earnings?
A- I think the gestation period is around two years but it really depends. If you are a hardcore salesperson, you may do it quickly. Women somehow have been proven to do better in this business.
Q- Why do I need to buy a product? It seems that the products are not saleable and the company only wants to sell them to those who join it as IR.
A- To sell any product or service, you must have total confidence in it. If you have tried a particular dish in a restaurant for example, you can recommend it to your friends and family and they will trust you and may try it as well.
Q- Is it a get-rich-quick scheme?
A- No. This is Personal Selling. The only distinction is that in this business you become the owner of the business and can create your own organization.
Q- Shall I start getting commissions on sales after becoming an IR?
A- Its a three stage process, 1) You register by paying nominal annual registration fee, 2) You either sell or buy a company product to qualify, 3) You either sell two more products or appoint two new IR's who must qualify, i.e. buy or sell one of the company products and your account gets activated. You start receiving commissions on sales after this step.
In case you need any guidance regarding the company that I recommend, do not hesitate to contact me at alisarish@gmail.com
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