Multilevel Marketing (MLM), also known as Direct Selling, Referral Marketing or Network Marketing, is a retail medium that has been in existence in India for more than two decades now. Used by well-known global brands and small entrepreneurs to market their products or services directly to consumers, Multilevel Marketing was recently in the news during the Covid-19 pandemic. It provided livelihood to millions who lost their jobs due to the induced economic recession. Today, more people are turning to Multilevel Marketing in their quest to attain financial independence and become entrepreneurs. This article lets you know how Network Marketing empowers you to gain financial freedom.
What is Financial Freedom all About?
The term Financial Freedom has been doing rounds in recent times. People associate the term with many definitions. While some believe it is all about buying whatever you want whenever others feel it is about being debt-free. Still, others say it is about being able to support oneself or simply being rich. The truth is all of these definitions are not accurate, and we are clueless. Similarly, if we are not sure about our goal, how can we ever achieve it!
Financial freedom is about having sufficient residual income. And how does having sufficient residual help? We, it covers all your living expenses. It is beyond being rich! It is about having enough money to cover your expenses and enable you to spend precious time on whatever you like instead of working to earn money. A bit of financial planning and preparing yourself well can help you achieve financial freedom. One way to do it is by planning and preparing yourself to become debt-free, investing early on in life, and anticipating uncertainties in life. Another way to achieve financial freedom is by collaborating with a Multilevel Marketing company.
Financial Freedom Using Multilevel Marketing
Imagine for a while being able to pay for everything without depending on credit, imagine have millions in your bank, imagine buying your house outright, and imagine more incoming cash than outgoing! That’s financial freedom. Wouldn’t all that be great to achieve? Network Marketing can help you.
Did you know how joining a Direct Selling company incorporating the MLM business model can help you attain financial freedom? If you are worried about your retirement or how to support your family with a small salary, Network Marketing can help. Multilevel Marketing is a business opportunity that promises financial freedom. You can consider the Multilevel Marketing business a secret weapon to attaining financial freedom – even used by the richest people worldwide.
There are several ways people try to achieve financial freedom – while some start their businesses, others invest in stocks or real estate. Further, many who are not interested in stocks or real estate keep it simple by outlining their budget and sticking to it. However, Multilevel Marketing is the most risk-free and safe way. As per studies, the Multilevel Marketing Industry in the United States creates more millionaires than any other.
How Multilevel Marketing Makes helps in Financial Independence
Unlike an investment in stocks or real estate, with Network Marketing, you are never at the mercy of anyone. Unlike any brick-and-mortar business, Network Marketing is risk-free and involves negligent investment.
Multilevel Marketing has empowered women in line with the Indian Government’s several initiatives like Vocal for Local, Women Empowerment, and Make in India. You should note that more than half the salesforce of the Network Marketing Industry comprises women.
Direct Selling, an alternative to traditional employment, is another addition to the list of career options that gives you a flexible opportunity to earn from the comforts of your home. Apart from low startup costs, you do not have to worry about maintaining inventory and other cash commitments.
However, Network Marketing requires hard and smart work and boils down to your business commitment. Network Marketing involves partnering with a company that sells a unique and quality product or service. The company compensates its salespeople, known as Independent Representatives or Sales Representatives, lucrative commissions for executing their sales. It provides all its Sales Representatives with the support and blueprints to implement their business to achieve success. Your success begins as your business starts growing.
Conclusion – Network Marketing Ushering in Self Reliance
Multilevel Marketing is a reliable business opportunity that is a plus point to the economy. The Government of India has drafted regulations that safeguard investors’ interest, making it a safe option to venture in. And as per KPMG experts, the Direct Selling Industry is expected to reach INR 64,500 crores by 2025 – that’s a ten-fold jump from the current. Embracing Multilevel Marketing can help you attain financial freedom and become an entrepreneur keeping in line with the Government’s slogan – Aatmanirbhar Bharat (Self-Reliant India). Attaining financial independence is the most life-changing and improving thing you can do.
