Pros and Cons of a Network Marketing Business
network marketing is a good and viable business option for anyone who has a goal.Based on my experience,network marketing offers more advantages than disadvantages.Here what I consider it’s general advantages/disadvantages:
The Pros are:
-Very minimal startup costs compared to starting a franchise/brick and mortar business
-Flexible Scheduling
-Residual income
-Established infrastructure/plan.
-Potential for time/financial freedom
-Create the only true partnerships in business and make friends as well
-Presence of a sponsor/mentor to guide you throughout.
The cons are:
-Like any other business, there are good companies, and bad companies. If you’re not careful, you could get caught up in a bad company
-Certain companies may limit your creativity by putting some restrictions on advertising/marketing.
-You may have to compete with your peers in your area/region
-Frustration for new recruits who don’t receive proper support from their upline
-High failure rate
-Have to learn a lot
In MLM the key to being in the 5%(successful) and not the 95%(unsuccessful) is mentoring.
Why is franchising the most successful business model? It is because there is a system to follow which includes ongoing support and training(mentoring).
Because of the low start-up investment in MLM you attract many folks who are not self motivating or business savvy. Thus if there isn’t a strong mentoring program or upline mentor to guide them they give up/quit, or as the negatroids call it, fail.
Look for a solid debt free company with a product that is in demand, and, most importantly, make sure your sponsor is willing to take you by the hand and lead you every step of the way.
BUT, you yourself must work hard, invest in your business and eventually go from student to teacher/mentor to your people as well, if you want to be in the 5%.Look for company management with experience, timing in the company and the industry, a remarkable product, a compensation plan that pays its part-timers and a duplicatable system.
In a nutshell, those are the five essential pillars every company must have in place for YOU to be successful.
I believe that it works if YOU are willing to work. Think about it like a brick and mortar business. You have to invest in it. You have to be creative. You have to treat it like a job. Determine what hours and days you are going to work on it and Be there!! On time!! Find a mentor who is successful and follow them!
The truth is more people probably make full-time incomes promoting the direct sales income opportunities like | Liberty League International | Emerald Passport | Coastal Vacations | and while the “start-up” costs for these companies may be higher ( at least they are commonly perceived that way ) it takes no more effort to promote a plan where you earn $1000-25,000 per customer than it takes to promote an mlm where you earn a $5.oo residual per customer (who stays on autoship).
The direct sales companies are set up not only to attract people who have some funds to start a serious home business with early retirement potential, but also to sort of screen out those who are not capable of building such a business. People who get reactive over investing $1500.oo in starting a business are not the people you want for any team
People who are worthy of success will show merit in any situation, however, with the direct sales model it is much easier to spend valuable time only dealing with and mentoring those who are truly serious about building a business and back that up with an investment of time, money, and energy.
Lets have no illusions about what the real product of the MLM industry is: its the dream of easy big money for people with little education and no history of success in business. The vitamins, tonics, magnets, gas pills or whatever are the products that legitimize the industry, no doubt. And its great if you stand proudly behind the product you promote. But the real money is made by recruiting business builders who have been sold on the same dream we bought. Don’t forget it.
Alexandre Sobolevskiy
http://www.articlesbase.com/online-business-articles/pros-and-cons-of-a-network-marketing-business-229673.html
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Pros & Cons of Business Travel?I will be 23 in a few weeks. I have been with my current company almost 2 years and have recently applied for a position that requires 80% travel. I have no family or children for which to care. I do not own a residence or have any pets that require attention. I am enrolled in a masters program and take classes twice a week at night, however could probably transfer into my school's weekend program. I would love to travel around the country and experience the regional differences, as well as meet new people. Additionally, I have a network marketing company I work for and would like to get that business off the ground. An increased network would be very helpful. Based on this and your own experiences, can you please offer more pros and cons of taking a position which involves so much travel? Thanks!
pros – travelling! more experiences, fun..
cons – missing people, feeling unsettled, might be tiring.
but really, if you were working really hard all the time in one place, like long hours, then you would probably not see your friends and everyone as much anyway, and if ur travel is mainly during the week u still have weekends. also with things like 360, people are never far away!References :
pros: earn money
see the world
cons: away from family
exhaustionReferences :
I travel about the same amount you mentioned.I like it and meet lots of people but it grows old after a while.From the sound of it you would be staying in the U.S. and that is a plus.The pros are it pays more and most of the cost of living is paid for.If you can get home on the weekends that is another plus.Myself I am usually away from home at around 6 weeks at a time.The cons are most of my time away from work during travel are spent alone and I travel out of the U.S. about 50 percent of the time.So I would say give it a try.References :
My last job was 100% travel so I'll chime in here.
Pro's
- Per diem – Having all of your expenses paid for is great You can eat at some very nice resturants, on your company's dime.
- Points/Miles assuming you get to keep them. You can go to many nice places for free
- A tank of gas will last you a month for your personal car, maybe more
- Since you live alone, your utilitiy bills will be next to nothing.
- Don't like your co-workers/clients? They'll change in a week, and you'll never have to deal with them again.
Cons
-TSA. Enough said.
-You live out of a suitcase
-You will get lonely
-You will gain weight.
-You lose 80% of your social life
Tips if you go for it.
Join EVERY hotel/airline/rental car club you use. When I had my job I was top tier with Hilton. This inclucdes Hampton Inn, Hilton Garden Inn, Double Tree, etc. My best benefit is with a 24 hour notice, I could get a room in ANY hotel. Even if it's sold out. This will also help you when you need to change your reservations last second.
Pack light. Very light. Don't check luggage. Time = money, and you also don't want to lose your luggage. Buy travel sizes of your tolitrees. Checking luggage is evil.
Accept dry cleaning. You won't be home very often, and again time = money. You don't want to spend your free time washing your clothes.
Under the source I've listed a sight for the road warriors.References : http://flyertalk.com/
well, what kind of network business is it you are involved with, because there are network business involving travel so it would be PERFECT for you. One in particular is YTB, you can visit my site http://www.TravelWithMyTravelTopia.com to find out about them or send me an email at TravelTopiaInfo@yahoo.com Hope to hear from youReferences : personal experience