What Must I Invest To Have Big Success in Network Marketing?
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The theory "Nothing ventured, nothing earned" is true in network marketing just as it is in all aspect of business and non-business life. If you invest or plant nothing, you gain or produce nothing. If you do not plant money in a saving account, you will be able to earn interest. Unfortunately, some people think they can receive a fortune without planting the seeds that grow a fortune, but the truth obvious because if nothing is ventured, nothing is gained. And if someone promises you riches without investing what it takes to produce riches, they are simply trying to deceive you. Success in network marketing requires you to make a few investments:
1) A small amount of investment as compared to traditional businesses
Network marketing is the least capital-intensive business you can get into. This is good news for entrepreneurs, because hundreds of universities and government studies show that lack of capital is, by far, the number 1 reason why businesses fail.
These are what you do not need to get into network marketing:
a. You do not need to purchase a big inventory, tools, or equipment.
b. You do not need to rent, buy, or lease a office
c. You do not need to hire employees.
d. You do not need to pay a big fee for the right to do business. (Most such fees range from $ 10,000 to $ 250,000
e.You do not need to purchase good will.
More importantly, there is another big cost advantage. Most internet marketing people keep their regular jobs and operate their networking business part-time. Money you earn from your networking business is pure profit. In most other entrepreneurial business, you must give up the job which you originally had. In networking you come close to having your cake and eating it too.
2) Harnessing of some of your free time.
The only asset everyone has in equal amounts is time. Each of us – successes and failures, rich or poor, young or old, employed and unemployed – has exactly 24hours a day, 168 hours a week. How much time investment you make in your networking business is up to you. Many network marketing newcomers begin with only 10-15hr per week. Successful people know that each of us can find time for what we really want to do. And, since most of us really want to make more money, making the time investment is not a problem.
To conclude, many people are looking for a quick and easy way to make money in life, and there just is not such a way. And it takes a while to build solid business. But, by sticking to the basics, it can be done. Because of the residual income with network marketing, you can have security and peace of mind in your life.