seven reasons why you should own a network marketing business
TRANSCRIPT
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.
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.
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!
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
Best Regards,
Tony Sykes