Network Marketing, also referred to as Multilevel Marketing (MLM) or Direct Selling or Referral Marketing, is a home-based business model that involves person-to-person or door-to-door sales by salespeople. But it can also be a great opportunity to succeed in life!
A Network Marketing can be run part-time or full-time. It requires you to build a network of salespeople to generate leads and close sales.
The best thing about a Network Marketing business is that there are no criteria to join it, and the investment is negligible. Further, you can run your business during convenient hours.
Network Marketing is appealing and attracting people with high energy and strong sales skills. It is more so, especially after the economic and unemployment crisis during the Covid-19 pandemic. So, what is special about Network Marketing? And how does it help you to succeed in your life? Let us find out more.
A Word About Network Marketing
Are you new to Network Marketing? Are you considering owning a Network Marketing business? Well, in today’s uncertain scenario concerning the economy and unemployment woes, it can be a wise decision to make.
Network Marketing has been traditionally a person-to-person type of retail business model. However, the advancements in technology and the affordability of the Internet have given way to online marketing strategies. It has led to more sales opportunities with a lot of ease.
When you partner with a Direct Selling company, you are popularly referred to as an Independent Sales Representative or Direct Seller or Distributor. You are not directly employed on the payroll of the company you collaborate with. But you earn attractive commissions for selling the company’s products or services.
Your earnings as a Direct Seller are not just restricted to commissions. You are also incentivized for recruiting more salespeople like you. These salespeople are placed under you in the company’s sales network and popularly called the downline. And you also earn a percentage of the commissions on the sales executed by your downline and the downlines below them. This income is known as residual income in the MLM world.
Why You Should Consider Direct Selling?
Direct Selling is today a good addition to the already existing long list of career options in India. Recently Direct Selling has been introduced in academics. The Indian Direct Selling Association (IDSA), in collaboration with Shoolin University, offers a PG in Direct Selling beginning the academic year 2021-22.
Direct Selling has been at the forefront during the unemployment and economic crisis induced by the deadly Covid-19 pandemic. Direct Selling companies provided livelihoods to millions and showed them a way to attain financial freedom and become entrepreneurs.
There are several benefits associated with Direct Selling and why you should consider it. The Indian government has greatly boosted the Direct Selling sector with several initiatives. And it has also safeguarded the interests of those people wanting to join a Direct Selling company by drafting regulations.
Low entry cost.
Joining a Network Marketing company is easy, and you can start immediately with just a smartphone or a laptop and a small investment fee. The investment fee that you pay covers your sample products, training, and brochures, etc.
There have been people who have even started with no money to invest. What you need to earn is dedicated time and smart work.
Create your own schedule.
When you run a Network Marketing business, you own it. How you run it is solely at your discretion. You can schedule your business tasks during convenient works.
However, the Network Marketing business is not a get-rich-quick scheme. Your success is directly proportional to the efforts you put in. Working smartly and dedicatedly can enable you to earn your livelihood.
And if you are doing it part-time, you may even soon consider running your business full-time. Network Marketing is a great way to achieve entrepreneurship that you will experience on joining.
Work from anywhere.
Unlike earlier when you had to visit door-to-door to make your sales, today the online ways have made it possible to interact with your prospects sitting anywhere.
You may run your Direct Selling business from the comfort of your home. And if you are running it to earn a second income, you can even do it during lunch or tea breaks from your workplace!
No criteria to join. No discrimination
Anyone can join a Direct Selling business. There are no criteria. There is no hi-fi qualification required nor any previous experience.
Anyone who joins the Direct Selling business has the same opportunity. There is no discrimination concerning gender, age, religion, or socioeconomic background. Your success depends entirely on your efforts.
Generate a residual income
The beauty of a Direct Selling business is that your income does not stop at commissions and incentives for the sales and recruitments you do. There is more to it.
You can earn an income without any effort from your side. As you go along with your business and your downline expands, you also earn from your downline’s efforts. The income that you make is known as residual income.
You earn a percentage of the commissions on the sales made by your downline and their downlines. The residual income does not begin after you have just started your business.
To generate a substantial residual income, you need to create a strong downline where the members are dedicated and passionate. And you need to support and mentor them well. After all, their success will enable you to earn the residual income you are looking for and drive the success of your business!
How Direct Selling Helps You to Succeed in Life
We have seen above how Direct Selling is beneficial to you in generating an income conveniently. Imagine how confident you feel when you are debt-free and able to meet all your monthly obligations. Attaining financial freedom indeed has a positive on your life. You feel buoyant and tension-free.
However, you even stand to gain on a personal level. Direct Selling enhances your personality to greater levels. Let us now see how Direct Selling helps you succeed in other spheres of life.
You get recognition and appreciation
Isn’t it depressing in a corporate nine-to-five job where you do not receive any appreciation or praise despite giving your best?
Unlike any corporate job in a Network Marketing business, your hard work gets recognised regularly, and you also get lucrative incentives.
You are rarely part of any community that wants you to succeed in a traditional job. On the contrary, in Network Marketing, you are part of a community where each one wants you to succeed. Each one’s success is everyone’s success in Network Marketing!
You are more secure than in any other industry
People usually hang on to their traditional jobs due to the feeling of being secure. The onset of the Covid-19 pandemic has many traditional businesses close down. Many people are losing their jobs. Job security is no more in the air.
This situation has encouraged employers to take advantage. They are asking people to work longer hours without any increase in their salaries. It has created a fear-based environment for employees. That has compelled people to look out for secure ways to earn their livelihoods.
Network Marketing enables you to earn from multiple sources after establishing a big customer base. Indeed, the Network Marketing business is proving to be more secure than any other traditional job.
Your personality is enhanced
One has often heard one say that it is not possible to change one’s personality. But that’s not true. Personality is not in-built within us; we acquire it over the years.
Did you ever wonder how your personality can ever be influenced by people, places, and happenings around you? But all that does make a difference.
You get influenced by what you see, hear, and learn. Your education shapes your personality to a large extent. But it is the profession that you are that is instrumental in scripting your personality.
It would help if you had the right direction and guidance to groom yourself professionally. When you are into the Direct Selling business, you interact with many people to sell your products or services. Your company also trains you before you step into the marketing world.
Being in the Network Marketing business will help you polish yourself. It will improve your communication skills. You will learn to be more presentable to the public. You will develop a dressing sense depending on the occasion.
Joining a Networking Marketing Business in India is Risk-Free
The government has boosted Network Marketing with several initiatives like Make in India, Vocal for Local, Women Empowerment, Skill India, and Startup India.
It is noteworthy that the government has drafted regulations to safeguard the interests of those considering collaborating with a Multilevel Marketing company. The steps taken by the government ensures that fraudulent companies do not dupe you. It ensures that you receive your compensation as per the terms mentioned in your agreement with the company.
The Direct Selling business is a win-win situation for the company and you – the Direct Seller. The Direct Selling company saves a lot by avoiding spending loftily on advertisements. And the Direct Seller benefits by earning attractive commissions and incentives.
Conclusion: Embrace Network Marketing to attain financial freedom, entrepreneurship, and success in life
We have seen above how Multilevel Marketing can help you to attain financial independence. We have seen how Multilevel Marketing can help you to become an entrepreneur and succeed in life!
Multilevel Marketing does not stop at just making you financially independent. It has a positive effect on your life. You become more presentable and expressive. Your communication skills improve. When you become stress-free, it has a positive effect on your health too. Overall, your personality blossoms. All these are key ingredients that enable you to succeed in your life.
You have so far seen the many positives associated with Network Marketing. The industry is further boosted and supported strongly by the government.
Your interests are safeguarded by the government that has laid down several guidelines and regulations. Your Direct Selling company backs you wholeheartedly to the hilt. It provides you with the necessary training and material. It helps you to hone up your marketing skills and provides you with sample products and brochures. Each one in the networking community strives hard to ensure everyone’s success. After all, everyone’s success depends on each one’s growth. Step into the Network Marketing world now with confidence! And reap its benefits as it helps you succeed in life!
