Monday, September 29, 2008

The Bad Economy and Home Business Opportunities


It is always a case that when the economy presents financial challenges - more people look to supplement their income by starting their own home based business! Even Donald Trump and Robert Kiyosaki recommend it and they particularly recommend Direct Sales MLM opportunities or Network Marketing. It cost much less to set up a home based business than a traditional business and that is why it is such a popular way to start a business. It also is a fast way to generate additional income.

Although Network Marketing is so popular very few people really know what to look out for before joining a company. People get sucked into the hype that gets created about the vast amounts of money that they will be earning. The people selling the opportunity reads from a well formulated scrip that does not give you the truth just enough information to get you jumping head first into something that is just going to take your hard earned money!

It is only once you have joined and paid your $500.00 or what ever there initial amount is that you then hear of additional costs. Some want you to have a merchant account, and then they want you to pay for a website and so on and so on........... When you sit and start adding it up, now you are paying much more than initially told. Instead of realizing that they have not been giving you the truth you just do as told because......hey......they told you that you were going to make money. Then you buy the leads they tell you to buy or the flyer's they tell you to distribute or the books for self development or....or....or....and you just keep spending money. It is only 2-4 months later after spending lots of $ that you realize that maybe......just maybe you have been sold a Dud! But you question yourself and think......."Can't be because my up line is making money"! WRONG.....experience shows that most of them proclaiming to be making $ are just faking it until they make it because that is what their up line is doing. You see, when people are struggling, there are others who will prey on the desperate situations caused by the economy and what you think is going to create the additional income is actually what is going to hurt you even more financially!

More and more people are , or will be looking for ways to supplement their income. Looking for a home business opportunity. Cheap gas is a thing of the past, unemployment is increasing, mortgage foreclosures are sky rocketing and people need extra cash.

This is the time to educate yourself to ensure that you understand all the elements in Network Marketing so that you can have the success you deserve. You need to be able to understand compensation plans! This is so crucial for you to achieve success. You need to have a duplicatable system that all your down line can plug into. You need to be part of a 5 pillar company.......I can't stress this enough......YOU NEED TO BE PART OF A 5 PILLAR COMPANY! You don't want to be part of a company that wants you to have a merchant account! You don't want to be part of a company that wants you to buy leads! I can carry on and on of what you need and what you don't need to succeed in Network Marketing.

SO......moral of the story.....EDUCATE YOURSELF!

How and where can you do that?
Well you need to find a group of people that will do this for you without any agenda and without you having to pay a cent for it. I REPEAT MYSELF.........PEOPLE WITHOUT AN AGENDA AND WHERE YOU DO NOT HAVE TO PAY A CENT TO GET THE EDUCATION!

Are you ready to succeed? Then learn the right skills! Don't just do what you get told, educate yourself!

5 comments:

Unknown said...

Very nice blog. Thanks for sharing the truth about network marketing. ~Wendy

Bridget Lee said...

Thank you for sharing this great info. Get with Marinda, she can help you figure out the right company. Make sure you find a 5 Pillar company
~Bridget

angela b. said...

Great information. It is SO important to find a 5 Pillar Company.

Angela Bobal
http://www.toddbobal.com

Suzan said...

Well written. There are so many scams out there, you really have to do your homework to make sure you are not going to lose your shirt, to say nothing of the time you lose, and income. Thanks for the article.

Suzan

Melanie Kissell said...

Marinda ...

When I first became interested in starting a home based business, I made every conceivable mistake you can imagine!

Your post gives people the most sound advice possible ... get educated FIRST!

MentoringForFree put me on the right track to success. I'm only disappointed that I didn't find this amazing organization sooner!

~Melanie Kissell
When Life Hands You Lemons