As the economy continues to tank, unemployment rises, essential commodity prices increase as salaries remain stale, it’s no surprise people are looking to make more money anywhere possible. While we should generate a supplemental income while our lives are financially sound, most people make the mistake of waiting until their finances are in disrepair and the bills are way behind before considering options.
At the point of desperation people choose counter-productive measures as a solution to their financial woes. These include taking out high interest personal loans, working a second or third job, selling their valuables, or being forced downsize their lifestyle. Can you see a benefit in any of these options? Do they bring you closer or distance you from your family?
If working second jobs, taking out high interest personal loans, or giving up the things cherished the most in life, aren’t options, what options exist? While most conventionally thinking people resort to the above solutions, many others choose to become successful entrepreneurs by starting some type of part-time business from home. Unfortunately, many people lack the necessary motivation and could care less about success for themselves or their families and that’s o.k. This clears the playing field for others who keep our options open to income opportunities.
While starting a part-time home business has many benefits, you probably wouldn’t even know where or how to begin. The possibilities are endless and this, in itself, can be overwhelming. Take a few deep breaths and relax because I’m going to share with you a simple business model that was specifically designed for people like you and me to be able to simply and efficiently generate a positive cash flow. This business model is called network-marketing (person-to-person) and has been adopted by many reputable companies and is the primary method to promote their products or services, instead of investing in expensive media advertisements. While companies save money on advertising, they are able to pay their representatives high commissions, bonuses, and incredible streams of residual incomes.
Network Marketing Vs.Traditional Home Business
The Network Marketing (Multi-Level Marketing) industry is over 50 years old and has created more millionaires out of average people than any other industry. An increasing number of people are choosing network marketing instead of traditional home businesses for many reasons; monthly residual income, multi-level payment structures, company bonuses/incentives, no stocking products, no invoicing, no shipping, no taking payments, no handling returns, no building websites, or even providing customer service. The network marketing company handles all of the main responsibilities. Your responsibility is simply recommending the product/service to others and showing others how to do the same thing.
Scams, Schemes, and Pyramids
Sadly there are many scams and schemes that empty the pockets of innocent people just looking for a way to make money fast. You can truly judge the validity of a business or opportunity by being aware of RED FLAGS. One obvious and very prevalent red flag is when the opportunity boasts that you can get rich overnight. An example of this is when they advertise that you can make a ludicrous amount of money in a day or a week.
The other type of scam that many desperate people fell into many years ago was the pyramid scheme. In a pyramid scheme, the only people who made money were the people at the top of the pyramid. People were literally passing their cash up the pyramid and the unfortunate people on the bottom lost their all their money. Pyramid Schemes are illegal and a common RED FLAG to look out for is if an opportunity has no product and requires a person to pay a lot of money to get involved.
Some people associate network marketing companies with pyramid schemes. While most network marketing companies are recognized by the BBB, they also offer every person the same opportunity for advancement. A representative can far surpass the success of the person who registered them. For example, I could sign someone up and they could have a much more successful business and make more money than me, which completely disproves pyramid scheme theories.
Monthly Residual Income
Why is residual income so incredibly important for you and your family? If I owned a traditional business, I would have to generate new sales and new profits every month to survive. In Network Marketing, I still have to make a sale, however I would continue to be paid every month for that ONE sale. Can you imagine making a sale once, getting paid, and then getting paid again and again from that one sale? Your monthly residual income will continue to climb every month as more business is generated.