There are many network marketing benefits that you should be aware of. In this article, you will learn about the top ten benefits of network marketing, what you must do to be successful in an MLM business (and things to avoid), and the tax breaks available only to those who work from home.
One of the best companies in the network marketing industry is called Strong Future International (SFI). This company has been online since 1998 and is a member of the Better Business Bureau.
SFI is the world’s largest affiliate network, with over 20 million affiliates. If you are looking to start working from home without your own website, SFI is a great option, more information here.
Network Marketing Benefits – How To Earn Money With MLM!
Thanks to the Internet, there are now lots of profitable home business ideas available. One of the easiest ways to make money from home is to join a legitimate network marketing company.
A legitimate network marketing company is one that:
- Allows you to sign up for free.
- Does not have any purchase requirements.
- Provides all the training and support needed to become successful.
- Pays out commissions owed on time, every time.
10 Significant Network Marketing Benefits:
#1. Zero start-up costs!
Joining a network marketing company such as SFI is completely free. You will receive all of the necessary training and support as soon as you sign up. This enables you to begin advertising your new business and earning money.
Even if it’s free to join, there’s a lot of work to do. Online advertising is a full-time job that doesn’t give quick results.
You can speed up the process if you have a budget. You can buy targeted traffic from reputable sources and get sales a lot faster than if you only used free methods of advertising. There are a lot of people looking for ways to make more money.
#2. You save money!
You are working from home on your computer. This means you are also saving a lot of money. As an example:
There will be no more commuting or driving to work every day. This saves a significant amount of money. Gas, car insurance, and repairs are all costly.
Every day, you eat lunch at home rather than at a restaurant. Eating out every day is costly. You are no longer required to dress up for work. There’s no need to spend money on expensive work clothes anymore. If you prefer, you can work in your pajamas.
#3. Personal development! (Network marketing benefits)
One of the best things about network marketing is that you can grow as a person. To be successful in this kind of online business, we need to know how to set goals that are reasonable and lead by example. We can only do well if the other people on our team do well.
“Reading makes a leader,” as the saying goes. There are many great motivational books and videos on YouTube, like “Zig Ziglar: You Need to Have Goals!”
#4. Network marketing is a global business!
Because of the Internet, network marketing is now a huge business all over the world. Before 1993, when the Internet became available to everyone, there was network marketing.
Back then, marketers put together their teams close to home. Today, teams are built around the world, and new team members can come from anywhere. We have the chance to meet new people and make friends all over the world.
#5. You can become financially free! (one of the best networking marketing benefits!)
Over time, you can become financially independent. The most successful network marketers make six figures a year from their businesses. To make this kind of money, you need a large group of motivated people who also want to be financially free.
Leverage makes it possible to make money that can change your life. This is why MLM is so effective. You only have to do the work once to get paid for life.
Sure, it takes time and work to build a network marketing business that brings in a six-figure income. You can retire in seven years, but it won’t be easy.
It also takes a lot of time and work to get a degree from a university. Most people take this route. They leave college with a lot of debt, and there’s no guarantee they’ll find a job.
If they get a job, they will work for someone else for more than 30 years and have only $30 in their bank account when they retire.
One of the best tips is to have a day job and work on your network marketing business in your spare time. So, you can start making passive income to add to your income from your job, retire early, and enjoy life. Network marketing is one of the best ways to make money with little or no money.
#6. You are building your own fortune (and not someone else’s)!
Working for someone else is very different from working for yourself. As an employee, you get paid and spend 8 hours a day building something that belongs to someone else.
As an employee, you make a living from your job, but the business owner is making a lot of money off of you.
The real value is in your network marketing business. This lets you make money for yourself. Also, business owners get tax breaks that regular workers don’t.
#7. No employees! (Network marketing benefits)
You own a business and run it from home. You use the computer to connect with people from all over the world. When it comes to network marketing, no one is anyone else’s boss.
#8. No inventory or shipping goods!
As a network marketer, you tell people about products and services and get paid for each one you sell. There’s no need for a warehouse full of products or the trouble of shipping them. The company handles it for you.
#9. You can use products that are good for you!
The best network marketing companies sell products that are good for your health, like organic shampoos and vitamins. Most of the 90 percent of items we buy in the supermarket are mass-produced, and some of them may have ingredients or chemicals that are bad for our health.
When you buy shampoo and vitamins from your own network marketing company, you are also building your own business at the same time.
#10. You will never be unemployed again!
Traditional stores are closing down, making it harder to find a day job. They can’t compete with the Internet. When the number of people grows, there are fewer jobs available, and the competition is really tough.
Employers take advantage of this by asking people to work longer hours without paying them more. As a network marketer, you’re building your own fortune. You’re a business owner.
Tax Benefits of Network Marketing
When you start a network marketing business, you become your own boss. You are eligible for tax breaks that employees don’t get. You can take expenses out of your income before you pay taxes. As a network marketer, you sometimes need to buy a new computer, phone, printer, and so on.
You might have to go to a business convention and stay in a hotel. All of these are business costs that you can take out of your earnings. Tax laws vary from country to country. It’s a good idea to check with your local tax office to find out what expenses you can deduct.
21 Network Marketing Tips For Beginners
It is possible to earn a lot of money from network marketing. There are dos and don’ts in network marketing that you have to know about in order to earn as much as possible and also avoid costly mistakes.
Here below are 10 activities you must do and 11 things you must not do, if you are looking to earn money from network marketing.
10 activities you must do:
- 1.You need to build your email list. You simply cannot become successful without one.
- 2.Be prepared to work before you see any results. It takes time to build any business (online and offline).
- 3.Help enough people to get what they want (and in return, you will get what you want!)
- 4.Find a mentor who can help you. Ask your sponsor for help, tips, and advice. It is in his or her interest to help you become successful.
- 5.Write a business plan. This helps you understand exactly what you need to do and why.
- 6.Make a commitment and stick with just one network marketing company.
- 7.Go to all events in your area. You will connect with other network marketers. This allows you to share ideas, help others, and get help when you need it.
- 8.Sponsor at least 10 new members of your team every month. Do whatever it takes to reach your goal!
- 9.Always be consistent; take action every single day. Do at least one thing daily to move your business forward!
- 10.Make sure to write down your goals on paper. Set realistic short- and long-term goals and do whatever it takes to achieve them.
11 things you need to avoid
- 1.Run your network marketing business only when you feel like it. (It is a real business, not a hobby!)
- 2.Expecting new team members to know what to do You need to teach them exactly what you do, or they will not become successful!
- 3.Being negative (Negativity has never done anyone anything good!)
- 4.Having unrealistic expectations It will take time, effort, and money in order to become successful in any business, online or offline!
- 5.Taking rejection personally. (For every 20 people you contact, expect to 19 of them to say “no”. )
- 6.Giving up too soon It takes time and effort to build a real business!
- 7.Spending your time on non-productive things (It is easy to watch YouTube videos when you really should be advertising your business.)
- 8.Recreate the wheel—There are proven online marketing tactics that work!
- 9.Forgetting to follow up with your team members. (Remain in touch via email on a regular basis. Share your best tips and help as much as you can!)
- 10.You need to build your email list. You simply cannot become successful without one.
- 11.Overcomplicating your business. You only have two simple things to do in order to become successful. (Recruit new team members and teach them exactly what you do.)
Conclusion About Network Marketing Benefits
In my opinion, network marketing can be really lucrative when you choose the right company and follow the training. It is a legitimate home business opportunity.
This is perfect for those who are looking for a “ready-made” option. You don´t have to worry about SEO, social media, blogging, or any technical things if you don´t want to. All you need to do is refer enough people to your sign-up page. When you get new team members, you teach them to do exactly what you do and keep in touch with them.
This is how you can build a strong team in your network marketing business that will generate a full-time income for you and your team members for years to come.