Multilevel marketing, also known as network marketing or pyramid marketing is one of the most efficient and effective means of doing business today, as it gives you the freedom to work from home and earn extra income.
While it remains a preferred way of doing business, never confuse it with those get rich quick schemes because here, there are some levels of hard work and patience involved.
Top 10 Benefits of Multilevel Marketing
Low Cost of Entry
Joining multilevel marketing companies does not require a lot of funds.
All you need is to have proper business plan put in place, small investment amount and internet connection. How successful you are will then depend on your hard work and aggressiveness.
This is far much better than people investing in business premises and ending not getting their returns either because of unfavorable business environments or failure to have successful entry in the market.
Work from Anywhere
Network marketing gives you an option of working and managing your business from the comfort of your home. You don’t need to beat traffic to get to the office. This saves time which is regarded as a very limited resource in running business.
Again, there is no struggling in relocating as one can easily move anywhere because it does not involve stock movement.
The worries associated with employees like strikes, payroll, office politicking, tax payments and office tea are no-longer there.
This means that there is reduction in the cost of running and one has a piece of mind hence full concentration in managing business.
In case you need assistance, you can recruit sales people online as this also provides legitimate online business opportunities for the unemployed.
Due to technological advancements and issues to do with high cost of doing business, companies are in constant pressure to lay off their staff and invest more on technology in order to remain relevant in the market.
Having your own business gives you an assurance of stable job.
No Inventory Management
In network marketing businesses, most products are shipped and dropped directly to your customer. This relieves you from the cost you would have incurred in renting stores and keeping stock.
It also saves from the risk of keeping inventory like theft, fire and goods going past their expiry dates.
Benefit of Residual Income
This means that even if you don’t clock in to work, there will still be passive income.
This is unlike for employed people who must report to their work places every day in order to earn their salaries.
No Limit to Earnings
With multilevel marketing business, you can earn as much as your effort and opportunities allow.
This means that you can always review your income either upwards or downwards depending on what you deem is right.
According to Nate Leung, personal growth and development comes in handy with multilevel marketing. It doesn’t mean that you become perfect but with consistency, you become a better person.
As your business grows so do you in terms of income, personality and skills.
You will want to be that person who is a role model to others, give some advice and be the one that help people realize their true potential.
Own Work Schedule
Freedom is what most people have been longing for when working.
Those employed by companies rarely get enough time to bond with their families and manage their own ventures.
This is no longer a case in network marketing as you will be able to schedule your work in a way that is most convenient for you.
Since most of the transactions are handled online, there are no challenges of following clients to collect money or cheques.
This mode of payment is also secure as money is wired directly into beneficiary’s account. The same is also applicable when purchasing stock.
Top Multilevel Marketing Companies
According to Network Marketing Central, the following are the top 10 Network Companies by global revenue 2017.
- Amway – The USA based company was founded in 1959 and deals with home care, personal care, wellness and special skin care products. It had revenue of $ 8.80 billion in financial year 2016.
- Avon Products Inc. – The Company was founded in 1886 and made revenue of $5.7 billion in 2016. It deals with wide range of beauty products including bathing soaps and jewelry.
- Herbalife – Deals with herbal nutrition products. Founded in 1980 in USA, the company made $ 4.5 billion in revenue in 2016.
- Vorwerk & Co. KG – The Germany based family company deals with electronics and was founded in 1883. It earned $ 4.2 billion in revenue in financial year 2016.
- Mary Kay Inc. – The Company was founded in Germany in 1963, and deals with wide range of beauty products. It made $ 3.5 billion in 2016.
- Infinitus – Was founded in China in 1992. It trades in health products and made $3.41 billion in 2016.
- Perfect – The Company was founded in China in 1994 and deals with wide variety of products including skin care, health care and personal care products. It realized $3.06 billion in 2016.
- Quanjian – This China based company was founded in 2004, whose line of business includes manufacturing of perfumes and cosmetics. Its revenue was $2.89 billion in 2016.
- Natura – The Brazil based company was founded in 1969 and deals with perfumes and other beauty products. Realized $2.26 billion in revenue 2016.
- Tupperware Brands Corp. – Was founded in 1946 in USA and is a global marketer of kitchen ware and personal care products. Its revenue in 2016 was $2.21
Before you roll up your sleeves and get into multilevel marketing business, you need what the business really entails by undergoing some training or getting tips from the people who have started and established their market base.
You also need to know some of the best multilevel marketing companies that offer best services in terms of lead generation and revenue earnings.
Why undergo the trauma associated with office work while you can comfortably plan well on your own and excel?
With the ten benefits and strategies of internet marketing highlighted here, you should be able to make a decision.
Why not join those best network marketing companies and make your presence felt? Your success depends on you, so get up and realize your true potential.