Why do we focus so much on network marketing as a way to reach financial freedom? Aren’t there a lot of other ways to succeed financially online and even offline? Well, it is true that there are many other ways you could go about trying to make money in this world, especially on the Internet, and even several other ways to generate residual income, but in our opinion, online network marketing offers you the best chance of reaching financial independence and creating passive income.
The Internet Has Changed Communications Channels, Facilitating Expansion Of The Network Marketing Industry
Achieving financial freedom through the network marketing business model is interesting because there is no other method on the Internet that is as lucrative and possesses the potential for a huge monthly residual income. Plus, network marketing and the Internet go together perfectly. The Internet has dramatically changed this industry for the better, allowing it to be a true source of passive, automated income for those that wish to do the initial start-up work or at least get involved with the right system and the right team.
The network marketing business model is one that encourages people to help each other. It actually demands it. If you don’t help your downline succeed, you won’t experience as much success. That’s a fact. However, how you help them succeed has changed a great deal with the advent of the Internet. You are no longer required to go to hotel meetings, make cold calls, put fliers on windshields and start fake conversations with people at gas stations and book stores. Those methods are outdated and are enough to discourage any new distributor from staying in this industry long term.
No, now there’s a better way, and it’s called online network marketing or attraction marketing. The prospect now comes to you, and you are in a position of authority and leadership. You look credible because you’ve branded yourself and your business online. If you’re smart, you’ve also shown potential prospects how it’s possible to build a network marketing business through automated online systems that take away all of the annoyances of the old business style.
How To Start A Network Marketing Business Online?
As long as you’ve branded yourself correctly, set up the proper system to make money, and promoted your company’s products and business opportunities online, you have the ability to make a significant residual income. All that is needed at this point is to market your business to those who are looking for it. How do you do that, you might ask? Pay per click advertising, search engine optimization, social networking websites, online classified ads, and many other types of Internet marketing methods will get your website more traffic, which means more people see you and your opportunity, which means more people join your downline and, of course, that means bigger paychecks. And once this is set up, it can virtually be done on auto-pilot, allowing you to make a truly passive income. Do you see why network marketing lends itself so well to the Internet now?
The potential for profit is unlimited, and just as importantly, the amount of free time you have to do whatever you like is unlimited after the initial setup work is completed in the first year or so. It’s really a no-brainer. Find a good network marketing company whose products you like. Make sure they have a good business model, compensation plan, and credibility in the online business world. And perhaps most importantly, make sure you select an upline who knows what they’re doing. Once you’ve done all this, it all comes down to setting up a website that captures leads for you and then effectively marketing that website. Or you can even have someone else do this for you.
Risks And Precautions
A word of warning to the get rich quick crowd: Network marketing is a phenomenal business model, especially on the Internet, but it is still a business. Like any other business, it will require some work, time, financial investment, and perhaps most importantly, persistence.
You are going to need to have patience and be very persistent to get it off the ground. Of course, once you do, you’re set. But until that point, you’re going to have to keep your ultimate goal at the forefront of your mind and remember why it’s all worth it. And it shouldn’t take all that long to get it off the ground. That’s the point, after all. Take the next 12 months, commit yourself to grow your network marketing business, and reap the benefits of a substantial residual income each and every month for the rest of your life. There is simply nothing else like network marketing.
But before you jump into the next opportunity that has a sleek sales presentation and a fast talker that hypes up all the rewards of his company, we have a word of caution for you. You always hear about the importance of creating multiple streams of income. But in network marketing, many distributors have the terrible habit of creating multiple streams. That is, they jump around from company to company, chasing whatever sounds the best at that moment and hoping this will be the one they strike it rich with. Don’t be one of those people unless you want to end up broke.
Research Before You Commit To Anything
Take our advice and do your due diligence. Do your research on the company, the compensation plan, and your upline. Read the company’s policies and procedures, read online reviews of products and make sure they are in demand, and really study the background of a potential sponsor or upline. Once you’ve researched and analyzed every aspect of the network marketing opportunity (just like you would do for a different type of business or a job) and you are satisfied with everything you’ve learned, then it’s a good decision to join.
But only join one company, and commit to building it with all of your focus. Do not make the mistake of joining multiple opportunities and spinning your wheels in all of them. Build a business with a company that’s worth committing to, and don’t look back.
Compare companies, products, prices, and compensation plans. Carefully consider your upline and the online system you’ll be involved with. Once you’ve done these things, you’re ready to make an informed decision. Hopefully, it will be a decision that sets you up financially for the rest of your life.