A direct selling, word of mouth or network marketing business is one of the best marketing type there is in our current economy for high quality products. It is hands down the best and most powerful type of marketing.
Why start a network marketing business?
With the economy today, everyone is searching for a better alternative of earning money than just by sitting at the office whole day. Network marketing is a very hot venture nowadays. It offers a very attractive package of compensation and benefits.
Here are the 3 main reasons why you should start a network marketing business now:
1. Work at your own time, place, and pace.
You can do what you want with the time you have at the pace you can.
For stay-at-home parents, this is as simple as earning a living while taking care of the kids. It is like hitting two birds with one stone.
There would be no sitting in traffic or skipping lunch to finish a deadline. There would be no extra expenses for business clothes. You can easily go into a vacation with your family and bring your work along.
This can be just a second or part-time job. Almost everybody is looking for an extra income nowadays. Why not be network marketing? It would perfect given your important contacts with your first job. There is a lot of potential opportunity here.
2. What you earn depends on how hard you work.
You are the one in charge of calling the shots. Network marketing business’ earning potential is productivity dependent.
Your profit will depend on how well you do. There is no limit as to how much one can earn. Some people work by targeting more referrals and some by direct selling. It all really depends on one’s strong point and where one is more comfortable with.
This is said to be an uplifting business. One has to improve oneself to be really good at this. Personal development holds the key role. A positive disposition is contagious. This is very important when dealing with potential customers.
3. Tax Advantages of a network marketing business
This is most taken for granted advantage in the world network marketing business. Thus, several people only take advantage of this opportunity to gain more.
In network marketing, one has the ability to recover a lot of tax back. Here are some of the claims you can take advantage of:
- Phone bills – Most commonly phone and internet expenses.
- Car expenses – Mileage, fuel, repairs and maintenance, and depreciation.
- Business operating tools – Usually the software you use or pay for monthly.
- Utility bills – Electricity, water, and gas expenses.
- Education and training – May include books, meetings, conferences you would want to attend for your benefit.
- Prospecting expenses – Buying leads and the generation costs.
- Tax preparation – Includes the accounting and record keeping fees.
- Health insurance – Should you wish to have one.
The long list of tax advantages goes on. But the tax rules do vary from state to state. It is best to research and be knowledgeable to be well prepared.
A network marketing business holds a very promising future in the world based on how the economy is today. Technology is growing and more tools and new innovations are being created daily. Patience is also a key in this business. There are no true “get rich quick” schemes. A network marketing business needs true effort to reach success.
You can make it easy on yourself if you decide to start a network marketing business and use the right techniques and the right methods to generate a lot of leads for your business and create cashflow fast! Check it out here.