The Power of the Network Marketing Entrepreneur Opportunity

Network Marketing is the highest-ranking industry in the world coming in at $190 billion.

Before delving into "The Power of the Network Marketing Entrepreneur Opportunity" let's start with a few definitions.

Network:

(noun) an association of individuals having a common interest, formed to provide mutual assistance, helpful information or the like.

Marketing:

(noun) the total of activities involved in the transfer of goods from the producer or seller to the consumer or buyer, including advertising, shipping, storing, and selling.

Opportunity:
a situation or condition favorable for the attainment of a goal

Entrepreneur:
a person who organizes a venture to benefit from an opportunity, rather than working as an employee. Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to the market. Entrepreneurs are naturally drawn to network marketing opportunities. 

The Power of the Network Marketing Entrepreneur Opportunity contains three income levels:

Part-Time Income

Little Capital

No Risk

Full-Time Income

Leveraged

Income

True Financial Freedom

Freedom to create

the life you want 

to live

There are many network marketing opportunities in the world. How do you evaluate a good business opportunity and choose one that is right for you?

First, there are five things to look at:

1. The Company
2. The Products
3. The Financial Opportunity
4. The Culture
5. Timing

There are three main components to look at when evaluating the product or service:

1. Different What makes the company or business opportunity different?  What makes it different from the competition? What makes it unique?
2. Advantage The difference has to give you an advantage over the competition or an advantage in the marketplace.
3. Sustainable The business must be sustainable.

Where can you find Network Marketing companies? You can always do a Google search or take a look at the top companies as reported by Direct Selling News. On April 1, 2020, they announced the list of top direct selling companies in the world based on 2019 revenue. 

A few insights from this year's list:

• 48% of companies grew year-over-year from 2018 to 2019
• 2 of the top 10 companies reported increased revenue
• Six companies grew by $100 million from 2018 to 2019
• Companies ranking 11-25, seven reported increased revenue
• Companies ranking 25-50, 15 reported increased revenue

ASEA Global is ranked 44 in the world with 2019 revenues of $170 million. You can find more information about ASEA on my website.

Benefits of Network Marketing - Passive and Residual Income Streams

Network Marketing is one of the few industries that offers both Passive and Residual Incomes.

Let's explore what these are. 

Network Marketing is a home based business model where both types of income are present. With some work and dedication you can build both passive and residual income streams in Network Marketing.

Passive income offers increasing levels of financial security. Although you might take a risk when first establishing the mechanism for passive income, if it proves to be a steady flow, it offers great security because it’s not connected to your time. Passive income can be found in your Network Marketing team building. Presumably your team is doing work; bringing in customers and building their own team. You will be getting paid on their efforts. 

Residual income is an income source resulting from cash flow received on a regular and predictable basis, requiring minimal to no effort by you to maintain it over the long-term. Residual income is extra cash flow where you did the work up front and are now reaping the benefits with minimal ongoing work. If your Network Marketing product is sold with an Autoship option, that means you get paid long into the future for one sale. This is residual income because you do the work once and you keep getting paid long into the future. 

Residual Income Synonyms:

Passive Income
Recurring Income

Definitions of Residual Income (noun):

1. Money earned long after active work has been completed. 

2. Income generators when you are no longer on the clock.

3. Freedom

Perseverance and Persistence

Focus

Perseverance and Persistence

Perseverance by definition is continued effort to do or achieve something despite difficulties, failure or opposition while persistence by definition is the quality that allows someone to continue doing something or trying to do something even though it is difficult or opposed by other people. The two qualities go hand in hand. Perseverance can only last so long. With persistence, a worthy goal is achievable.

I have a penny framed on my desk. The caption I wrote with it is, "Consistent Persistence Pays". At first glance this may seem simple. The motive for framing the found penny stemmed from the question "Which would you rather have, a million dollars today or a penny doubled every day for thirty days." If you have encountered this question before, you know how much more a penny doubled for thirty days is worth. If not, do the math; the results are intriguing. 

I am an entrepreneur. It is an exciting career path and often a lonely path. I always believed the best motivations are visual and the strongest visual is enhanced with motivational text. The three words that came to me when I framed that penny so many years ago, "Consistent Persistence Pays" are even stronger today and motivate me to achieve my goals. 

Consistent: success cannot be achieved without following a consistent course of action. I write my goals and write the strategies to achieve the goal. Daily, weekly and monthly review of the strategies tells me what is and isn't working. None of this review and analysis is meaningful without consistent effort. 

Persistence: I know that any goal worth achieving is worth working towards. I need to be persistent in my actions. I find it interesting now that I chose persistence and not perseverance. The subconscious mind often comes into play when we need it most. The thing that separates perseverance from persistence boils down to these words; 'continued effort' and 'quality'. In my experience, quality stands the test of time.

Pays: I need a financial reward for my efforts. I need to know that what I am doing has value. I need to know that I am making a difference.

The goal is attainable if I am persistent.
Heights or obstacles beware!

Perseverance and persistence, what are your thoughts? C&C welcome.

How to Choose a Great Network Marketing Opportunity

How to choose a great Network Marketing Opportunity. There are numerous articles on the subject. As mentioned in a previous post, Entrepreneur.com has over 4300 articles. A Google search of 'network marketing' returns 543,000,000 hits.

With so much information on the subject, it is hard to argue the validity of network marketing. So how do you find a company that is right for you?

There is a summary of the top 10 things to consider when choosing a network marketing opportunity at:

http://fortheloveofpetsandpeople.com/Blog/Entries/2013/12/11_How_to_Choose.html

What Is Network Marketing?

I love network marketing. I have ever since I was introduced to NuSkin. The concept that you buy amazing products and share those products with others while having the opportunity to earn a little or a lot of extra money is very appealing. You don't have to "quit your day job" to be successful in network marketing. 

The 21st. Century ushered in opportunities and scams. I am an Independent Associate with ASEA, a breakthrough product that serves two major markets; health and wellness and the sports and performance market. I am a consumer of ASEA since March, 2011 and cannot imagine not taking ASEA or giving it to our kitties and spraying our bonsai's with ASEA. I continue to discover new uses for ASEA. With this being said, the main objection I get is, "Oh, that's one of those pyramid schemes." I decided to Google Network Marketing. I found articles at entrepreneur.com that answered my question, "what is network marketing?" 

The next few posts will be centered on this topic, including links to the articles:

Is Network Marketing Just a Scam?

There's a huge difference between network marketing and pyramid schemes. Learn the truth here.

Q: Some friends continue to try to recruit me into network marketing deals that seem like some type of money game or pyramid. Other friends tell me they're illegal and I'll get into trouble. How do I know what's legal and legitimate?

A: To help you understand what network marketing is, I must first explain what it isn't. First, network marketing isn't a pyramid scheme. Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they'll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there's no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it's clearly there just to disguise the money game.

Network marketing is a legitimate business. First, it's based on providing people with real, legitimate products they need and want at a fair price. While some people do make a lot of money through network marketing, their financial benefit is always the result of their own dedicated efforts in building an organization that sells real products and services.

Pyramids are illegal and are based on taking advantage of people. For a person to actually make money in a pyramid scheme, someone else has to lose money. But in network marketing, each person can multiply his or her efforts, skills and talents by helping others be successful. Network marketing has proved itself as part of the new economy and a preferred way to do business here and around the world.

.......

You can read the rest of this article by clicking on the link: 

Read more: http://www.entrepreneur.com/article/35744#ixzz2n1TdMTYf

The author is Michael L. Sheffield, founder of Sheffield Resource Network.