seven reasons why you should own a network marketing business

22

Upload: antony-sykes

Post on 12-Apr-2017

60 views

Category:

Small Business & Entrepreneurship


2 download

TRANSCRIPT

I know, tell people

you own a

Network

Marketing

Business and

watch the faces

cringe.

There are a lot of “experts” out there…

“Oh that’s one

of those scam

things”

Sounds too

good to be

true.

Remember, free advice is

worth every cent.

Am I an expert? By no means! But I am learning and

honing my craft every day. I can share what I know from

BEING a network marketing professional.

Tony Sykes

www.linkedin.com/in/tony-sykes

Not Famous

Not Rich (yet)

Living in Northeast, PA!

7 Reasons to go for it!

1. Potential for Success

2. Low Entry Threshold (inexpensive to start)

3. Simplicity (No infrastructure/back office)

4. No Marketing Research (already done)

5. Expertise is provided (Been There, Done That)

6. Uncle Sam is your friend (Taxes)

7. The Future: The Business of the 21st Century

1. The potential to succeed

in Network Marketing is

much higher than any other

start-up.

Most Network Marketing companies

claim there are no income limits.

However, as I’ve heard it said, yes,

there is no ceiling but there is also

no floor. You can go nowhere if you

so choose.

Some of the people who fail at

network marketing are not motivated,

some aren’t cut out for self

employment, some are in the wrong

company for them, and some are just

not properly trained.

But a motivated and

trained person in a good

company has a great

chance of succeeding in

their business.

On the other hand, if you start a traditional

business your odds of success are much

lower.

Small Business Administration:

1. 50% fail in their first year

2. 95% fail within the first five years.

2. Low

Entry

Threshold

Network Marketing

Start Up Costs:

1. Registration Fee:

2. Starter Kit My Store

Costs vary but

This example hits about average

1. Registration fee = $67 (Includes your

“store” website)

2. Starter Kit + delivery = $111

Under $200

Expense CostInsurance

I couldn’t

even begin to

guess!

Liscensing

Employees

Lease/Rent

Utilities

Inventory

Marketing & Advertising

Equipment

Just for comparison’s sake: A Mickey D’s Franchise:

1 to 2.2 Million, including $750,000 in liquid capital (cash)

3. Simplicity

As with expenses, many things fall under the network

marketing corporation’s umbrella of responsibility:

1. Licensing

2. Product Liability

3. Shipping

4. Accounting/Payroll

5. Marketing

6. Training

7. Legal

8. HR

They take care of all that back office stuff so you, the

“boots on the ground,” can move product!

4. No Marketing Research

Even if the company has only one product or one product

line, they probably did all the marketing research before the

manufacturing even began. Many of the older, more

established companies have long-term proven marketing

strategies

5. Expertise is provided

Training & Mentorship

As with marketing, companies

have done the research on how to

best sell their products and have

extensive online training available

Mentor: Someone who has

“Been There, Done That”

teaches the new person how to

grown their business.

6. Uncle Sam becomes your favorite

uncle!

That sir, is a

business

expense.

Deduct it!

A few typical deductions for Home

based network marketing

business:

1. Mileage (using you vehicle for

business)

2. Home office

3. 25% Phone bill

4. Products used in marketing

Many of these also apply to

traditional business but in turn,

traditional business suffers a great

many expenses: Taxes and

insurance are pretty hefty bills for a

regular business.

7. Network marketing

is the future.

It’s a…

PYRAMID!

Network Marketing is a $178 billion a year

industry so of course there are schemes and

scams out there. Look at the insanity in

alternative medicine. In neither case should

that condemn either industry. You need to take

responsibility and do a little research.

Check my blog, it’s

legit (and don’t

forget to click all my

pay-per-view ads!

https://www.ftc.gov/tips-advice/business-

center/guidance/multilevel-marketing

http://www.dsef.org/

Share & Comment Please

Thank You! =)

I’m working with a successful team of entrepreneurs who

are looking for quality individuals who are sharp and

ambitious, and who want more flexibility and options in

their financial lives. If you are looking for a way to create

an additional stream of income, contact me via Linked in

(www.linkedin.com/in/tony-sykes) or email

[email protected]

Best Regards,

Tony Sykes