Today we discuss the positive aspects of multilevel marketing.
I learned a lot about business when I joined Amway back in college. I learned more about business from the books they suggested than I did getting 2 business degrees. You may not control the brand like you do if you own your own business but there is lots to be learned. I credit Amway with teaching me about residual income which lead me to starting a company that produces it.
Benefits
Low Start-up costs
Learn to Sale
Learn about business (certain groups will be better than others)
Learn about residual income
Everyone can work with you (try hiring everyone you meet to work in other businesses)
Step by step instructions – I really believe it works if you work it. Many people myself included surely think they can do better than what was suggested.
Drawbacks
The parent company controls the brand, payout etc.
Stigma of a pyramid scheme – but can you make more than your boss or CEO at regular companies? In multilevel marketing you can make more than the people above you if you grow your business larger.
This is a short video showing you how to setup a FaceBook.com page or website. So if you want to have FaceBook.com/YourFreedomPodcast this video will show you how to set it up.
This is a short and sweet video to show you how to upload a video to YouTube.com. You might very well want to do this for your business or personal cause. You can set the viewing to private or public and even monetize it if you agree to their terms and conditions.
Check out a previous post if you need to know how to setup a YouTube.com video.
Coincidences and benefits of recognizing patterns in your business.
Attentiveness to customers’ needs can earn you repeat business like it has for us. I was driving in on Easter to give a repeat customer a tour of the data center.
If you are in business by yourself realize what all you are going to be responsible for. You should discuss this with your partners if you have them and be aware of what you will need to provide if you are in business by yourself.
Residual vs. Passive income: I think the best income is residual income since it means more free time for you. Passive income and any income that you earn on your own is all good.