Are you passionate to become an entrepreneur? Are you looking to start a business? Are you looking for an opportunity to attain financial freedom? If your answer to any of those questions is YES, Direct Selling offers great benefits to people who want an opportunity to earn a livelihood and own a business. It is also a great opportunity for budding entrepreneurs.
Direct Selling, also referred to as Multilevel Marketing (MLM), Network Marketing, or Referral Marketing, is an alternative to traditional employment.
With the government boost to the Network Marketing industry, Direct selling opportunities develop into a fulfilling career. For consumers, Direct Selling is an alternative to retail stores and can be converted into a cost-effective business to earn an extra income. This article tells you how Direct Selling is a good opportunity for budding entrepreneurs.
Risks Involved in Starting Any Business
Any risk is unforeseen. When circumstances do not favour you – for example, when the economy is in recession or the ongoing pandemic- there is more risk involved in starting an entrepreneurial venture.
When an aspiring entrepreneur starts a business, several risks are associated, including product, market, financial, operational, and execution risks. But, as they say, No Risks No Gains, the risk is an integral part of any entrepreneurship.
Great entrepreneurs are known to achieve success with great awareness and risk management. Top companies research for the market, take risks and grab opportunities. Risk and opportunity are the two sides of the same coin that bigger companies can afford.
However, it is just next to impossible to dream of starting any business when you have limited funds. Further, the growth of any business also witnesses risks related to the market, economy and technology.
Starting a business has never been easy as the Network Marketing business. It promises big opportunity and potential. But at the same time, it also has high-risk stakes. We will see ahead how the Network Marketing business can be started by anyone anywhere with little investment.
Who are Budding Entrepreneurs?
We know Bill Gates, Steve Jobs, and Mark Zuckerberg are examples of well-known entrepreneurs. But how do you define an entrepreneur? Well, simply put, an entrepreneur is an individual who starts a new business by risking their own money.
When someone refers to someone as a budding businessman or a budding entrepreneur, they are individuals who are starting a business or venture to succeed. An entrepreneur is a person who starts a firm in their quest to realize their idea – known as entrepreneurship. It involves capital and labour for producing goods or services meant to be sold at a profit.
When budding entrepreneurs start their ventures, they face multiple risks. They face being bankrupt. They face financial risk, competitive risks, and reputational risks. Further, there are political, environmental and economic risks.
Therefore, any budding entrepreneur needs to plan wisely. They need to budget and create a realistic business plan. Network Marketing, a risk-free and most affordable business, can help them in their quest to become entrepreneurs. In the sections ahead, we will find out how Network Marketing can be a wise and safe decision.
How Direct Selling is an Opportunity for Budding Entrepreneurs
So, you are looking to do something to earn big in your quest to become an entrepreneur. Yes, Network Marketing can enable you to earn an extra income or even a livelihood. The Direct Selling company can be great for any homemaker.
But if you are itching to be an entrepreneur, Network Marketing offers a great opportunity. You can start your Network Marketing business by collaborating with a Direct Selling company. Anyone can join a Direct Selling Business. There are no criteria.
What is more, starting a Direct Selling business involves little or no investment. That makes it risk-free financially! You get free training from the Direct Selling company with whom you partner. It enables you to hone up your communication and marketing skills. You learn the tricks of the trade and efficient ways to market the company’s products or services.
Today, Direct Selling is looked upon as a full-time career. And you will be glad to learn that the Indian Direct Selling Association (IDSA) has collaborated with Shoolin University to introduce PG in Direct Selling in academics starting 2021-22.
Direct Selling – An Opportunity for Budding Entrepreneurs to Start a Business
If you have a passion or the urge to showcase and share your innovative ways with the world, you can do so by starting your own business! Direct Selling involves minimal startup costs. You can join the Direct Selling business to become your own boss.
You can start your Direct Selling business either full-time or part-time. You can continue with your current corporate job and still do the business. Or you can take it up as a full-time option. There are no criteria for joining a Direct Selling business, nor do you need any big investment.
Today, doing a Direct Selling business has been facilitated by the advancements in technology and several online ways due to the easy accessibility and affordability of the Internet. Direct Selling has become a big rage, especially after the onset of the Covid-19 pandemic.
When companies across industries struggled to sustain their operations, the Direct Selling industry stood out. It provided livelihoods to millions who lost their source of income. Direct Selling companies showed them how to attain financial independence and become entrepreneurs.
Knowing the several advantages associated with a Network Marketing company, one believes you are now getting interested in the possibility of starting your business! And why not?
If done rightly, it could even have the potential to turn into something much bigger – leading you towards the entrepreneurship you desire! There are quite a few valid reasons why starting a Direct Selling business could be the perfect addition to your daily life! Let us find out how the Direct Selling opportunity is knocking at your doorstep and benefit you.
Reasons to Start a Direct Selling Business
When the thought of Direct Sales crosses your mind, it is natural for you to visualize the era when Sales Representatives of companies like Amway or Tupperware sold their products door-to-door or in person. The Direct Selling industry has been around in India for more than two decades. It has evolved since then.
Today, the advancements in technology and the Internet, along with the growth of social media, have made it much easier to grow your business – yup, right from the comfort of your home. Now that you are excited about your prospects of joining the business, you need to know the reasons why you should indeed take the plunge into it!
Products you Use Regularly are Easy to Sell
When you love the products, you use daily – for example, the detergent or the car wash liquid or wellness products- you are already ingrained within the Direct Sales world by being a customer of the company from whom you procure it.
Imagine if you continue with the products you are obsessed with and purchasing them at great discounts too! You gain by signing up with a Direct Selling company – either purely for the discounts on the products you love and regularly use or earning an attractive commission for selling them.
It is easy to sell a product or service that you are passionate about. And Direct Selling is all about in-person or door-to-door sales. You are now saved from the troubles of moving out of your homes, thanks to the Internet. You can now connect with your prospects or customers via direct messaging or video conferencing.
Being Your Own Boss a Big Attraction
In a Direct Selling business, you are in charge. You can approach the business the way you want. You can decide on how you want to sell – whether at home parties, or online, or via fundraising, and so on.
Direct Selling presents growth opportunities to learn new marketing ways and optimize your business. Direct Selling offers you the flexibility to work during convenient hours! You can from anywhere – even from a café or restaurant or right from the comfort of your home. You can set your own schedule, set your own goals, and have more time to spend with your loved ones. You indeed are your boss!
When you are into Direct Selling, you are your own boss. Your income depends on the efforts you put into your business. Doing it rightly can help you to attain financial freedom and also earn a residual income. You are on your way to becoming an entrepreneur in the real sense.
Huge Earning Possibilities
In a Direct Selling business, you earn by selling the products or services of the company you partner with. You are also incentivized for recruiting more salespeople and grow the company’s salesforce. The salespeople you recruit are placed under you in the company’s network and called your downline.
Your earnings do not stop there. You also earn a percentage of the commissions of the sales done by downline and their downline.
In a Direct Selling business, you have a huge potential to earn. You can earn so much that you can live on or supplement what already you have and live more comfortably. By growing your sales network by recruiting more salespeople, you stand to earn a residual income. It enables you to have more time for yourself and spend more time with your loved ones.
The Opportunity to Connect with Like-Minded People
Direct Sales is unique, and many think they do not like sales and so shy away from it. And some are reluctant to sell certain products to their friends and relatives. However, social media has changed this thinking.
It is no longer required for you to sell just to friends and family. You can now connect with your target audience or like-minded people. Social media platforms like Facebook or Twitter, or Instagram allows you to create an online presence. By implementing strategic marketing, you can make sales and grow your sales network.
Like how you were contacted when joining the Direct Selling business, you too will be on the field meeting and making friends with people. The Network Marketing business allows you to connect with like-minded people.
And once you have a long haul in the Multilevel Marketing business, you will climb the ladder too and lead your team. You will now get to mentor your downline members and invest in their growth.
Conclusion: Network Marketing is a great opportunity for all budding entrepreneurs to build and own their businesses.
Today, Direct Selling is seen as a full-time career. It has now been introduced into academics starting 2021-22.
The government of India has boosted the Multilevel Marketing industry with several initiatives like Make in India, Vocal for Local and Women Empowerment. It has also drafted regulations to safeguard the interests of investors and consumers alike. ` You are a budding entrepreneur. You are aspiring to attain financial freedom. And you want to become your own boss. Network Marketing is just the right option for you. In line with the government’s vision of Aatmanirbhar Bharat (self-reliant India), Network Marketing is a great opportunity to be self-employed. Go ahead and be a part of it.
