Multi-level marketing (MLM) is a strategy where direct salespeople use to encourage their existing distributors to recruit new distributors by paying the existing distributors a slice of money. The more distributors enter the chain, the more money it turns. That sounds really interesting, right? That’s the opening. Now we will discuss 5 biggest advantages that MLM brings to all businesses as well as individuals.
1. Low risk
Unlike traditional businesses imposing huge risks and even bigger start-up costs, Multi-level marketing is a low risk business, so anyone can start their business without concerning about failure.
Losing money, wasting time, no profit right away, or simply no clients at all are just several problems that start-ups face at first or in a traditional brick and mortal businesses, the startup cost associated with opening that business is what holds many people back from becoming the creators of their own destiny. So a lot of risks will threaten any ideas and not everyone dare to take risks.
The advantage of using MLM is that risks are minimized. The amount of finances required and amount of financial commitment is quite low compared to traditional versions and as you already have an idea about the products or services, the risk is significantly reduced too: with a couple of hundred dollars, it is possible to get started with a company of your choice, then do marketing products you choose.
Also you can get to work for yourself, with no staff at all – a win-win situation.
2. Huge potential income
There is no record on how much money you can generate, it depends on your attempt and your decision “how much you want to earn” as the MLM company doesn’t hold you back in the same way the corporate environment does, or urge you, just do what want to generate. Unlike regular jobs where you earn only a fixed amount every week or month, despite the amount you work, this provides you the flexibility of generating as much income as you want.
The key is the skills set of a network marketer, you have it and make whatever income, which is determined by your stamina, dedication, and your willingness.
3. Low operating cost
No investment, no infrastructure, no staff, so low operating cost is understandable. The network marketing model makes possible to run a business at low costs compared to any other business model.
4. Attainable Freedom
Freedom or flexibility is also one of the greatest advantages that MLM brings. Imagine having a productive business in network marketing providing you with a lifestyle that only rich and famous people can enjoy. When all the pieces are on track and generates money on its way, the life of a marketer can be very fulfilling indeed and it’s time to enjoy that beautiful life. That’s the dream that every new distributor chases and it is only attainable when there is a clear understanding of how to get there and when your marketing skills are sharp.
It is not just the money, but it is the happiness and the fulfillment of a lifestyle, which makes MLM be the best business ever.
Multi-level marketing certainly gives you total freedom, right from the financial aspect to job security and you will definitely have total control over your schedule: work anytime from anywhere, even depending on your moods, whether you are on your phone, in a cafe or in restaurant, just with your laptop. 9-5 desk job now is not in your “dictionary” and no risk of losing jobs at all.
Thanks to technology advancement and globalization, now we can do what distributors 15 years ago could not do and that’s called portable.
The only thing you need is the access to the Internet via DSL or Cable, you can take your computer, your phone, and continue doing business while you are on the road, on vacation, or visiting relatives whether that be in another city or another country. So MLM can take place every time and anywhere.
Well it is obvious that multi level marketing is great choice for those who desire to start their own business but with low risks, low costs, huge potential income, flexibility as well as portability.
For more money, let’s start on Udemy courses.