Today, the term Financial Independence is often heard and talked about than ever before, more so after the Government’s mission to make India Aatmanirbhar (self-reliant). There are several definitions attached to financial independence. For some, it is about the luxury to buy whatever you want and whenever you want. While for others, it could be about being debt-free or being able to support themselves, or simply being rich. Do you wish to attain financial independence? And do you know to achieve it? This article discusses Direct Selling, popularly known as Network Marketing. Also, how it can help you attain financial freedom.
What is Financial Freedom?
Financial freedom is not just being rich. It is about having sufficient residual income that covers your extravagant ways of living. It is about having tons of money, enabling you to spend your precious time doing whatever you like other than spending time earning money! So, how can an ordinary person achieve it? Financial planning could be one way but, will it suffice? Not really. There are a few other ways to achieve it – you need to start being debt-free, start investing early in life with a target-oriented approach and be ready for life’s uncertainties.
A Word About Network Marketing
Network Marketing is an online network of people. It involves individuals partnering with a Direct Selling company as Sales Representatives. It also known as IR, to sell its products or services and hire further IRs to build a chain of stores. Creating this chain or network of people enables representatives to make money. At the same time, you make money by selling the company products or services. You also earn a percentage of the commission on sales made by your recruits, also called your downlines. This income is called residual income! As an IR of the Direct Selling Company, you are not on the company’s payrolls. But earn via commissions on the sales made by yourself and the downline. The Network Marking business is highly scalable and becoming a popular source of earning – part-time and full-time.
Network Marketing – Enabling Millions Earn a Livelihood During Pandemic
The Network Marketing industry shot into the limelight post the Covid-19 pandemic that induced an economic and unemployment crisis. The Direct Selling was quick to sniff the hardships faced by the citizens due to the frequent enforcement of lockdowns. Other measures by the Government to counter the spread of the virus. Unlike most industries that nose-dived into recession, the Direct Selling leveraged the affordable internet to reach its consumers. By directly selling them their needs and requirements – yes, right at their doorsteps! It did not stop there. This provided millions who lost their jobs to earn their livelihoods by partnering with them. It shows them how to attain financial freedom and become entrepreneurs.
The industry was boosted by the Government’s initiatives like Make in India, Skill India, and Vocal for Local. How well the industry has aligned itself with the Government’s mission of Aatmanirbhar Bharat (Self-reliant India) can be judged from the significant contribution it made to the Government’s revenues!
Network Marketing as a Career
Are you a homemaker, and do you want to earn by staying at home? Are you an employed person not happy with your job and desire to be your own boss? Network Marketing is another addition to the list of career options and can be a good option. Direct Selling is very much like being an entrepreneur; it combines the advantages of entrepreneurship and a nine-to-five job. You can either work part-time or full-time; the choice of earning is yours – your earnings in this industry are directly proportional to the efforts you put in. The Direct Selling business is a great career opportunity for women. How well the industry aligns itself with the Government’s vision of Women Empowerment can be noted that more than half the workforce employed by the Direct Selling Industry is women!
Conclusion: A Self-Reliant You is a Self-Reliant India!
As we approach the 75th Independence Day riding on the mantra of Aatmanirbhar Bharat, it can indeed become a reality starting with you. Embracing initiatives like Vocal for Local and Make in India, the Direct Selling industry collaborates with local MSMEs, thereby making the dream of a self-reliant India possible. The fast-growing Direct Selling industry has the firepower to address unemployment and receding economic problems even in testing times. By collaborating with a Network Marketing company, you can attain financial freedom and live your dreams. Step in, become self-reliant and be a part of the movement that eradicates unemployment. Joining a Direct Selling company can indeed make a difference to your life. All the best.
