Starting A Network Marketing Business

Starting A Network Marketing Business

Starting A Network Marketing Business

In our previous article we looked at whether right now (during the coronavirus pandemic of 2020 should you come across this article some time in the future) is a good time to start a new business.

If you’ve read that article and decided that starting a new business is something you want to do and indeed have the time to do then stay tuned as we look at some of the different businesses you can actually start quickly and easily from home part time while you deal with all the other issues in your life.

To begin we’re going to look at starting a network marketing business because of all the businesses there are this is probably the simplest and one you can start today.

Let’s first of all look at what a network marketing business

Network marketing is a business model that depends on person-to-person sales by independent representatives, often working from home

It’s sometimes referred to as “referral marketing” , ‘direct selling’ or “multi level marketing” . Independent representatives of a chosen company (something they should be interested in or passionate about) sell products directly to end-user retail consumers by means of relationship referrals and word of mouth marketing.  Nowadays with the growth of the internet and social media, representatives have a wider reach to sell their products and/or grow a team and it’s therefore become a very attractive way of starting a new business.

The benefits of starting a network marketing or direct selling business is that getting started is simply your desire – your determination, drive and willingness to grow in something new.

Here’s How A Network Marketing Business Works

Companies that operate on a direct selling or network marketing model provides products and services to you the new business owner excited to try their own thing.  You as an entrepreneur / business owner will be provided with marketing materials, support and resources by the company you have chosen to represent.

Benefits Of Starting A Network Marketing Business

Low Startup Costs
Home Based
Can be operated part-time.
Can Be Run Online

The most popular sell health supplements and beauty products, but you can go with everything from travel (our favourite) to fine art prints. The advantages to this business are that start-up costs are minimal, hours are flexible, you can start part-time, and you can work from home. You don’t need to be a “salesperson” just make sure you believe in the products and the company you’re working with. Honest enthusiasm goes a long way towards persuading others to buy.

Some famous name you may have heard of

  • Amway
  • Herbalife Nutrition
  • Mary Kay
  • Avon Products
  • Forever Living Products

We have a list of the top 100 Direct Selling Companies of 2020 for you to look at here

Our network marketing business (a travel club) was 27 on the list 

It’s a business that best leverages social media to market  making the financial cost of getting started pretty much risk free if you are prepared to learn the right way to start and build this kind of business.  We would always recommend you ask someone you know in the network marketing business world how they got started before you commit to anything

As the late Jim Rohn once said

“Direct selling (network marketing) is a chance to turn pennies into a fortune, a chance to turn nothing into something”

If you decide starting a network marketing business is the one for you do reach out to us here for some free training as we’re passionate about helping people start their first business and we predict network marketing will surge as a business idea post the pandemic.

We’ve been working with first time entrepreneurs for the past decade and helped them choose the business that’s right for them and their circumstances

Now it a perfect time to be starting a new business especially at a time when job losses and unemployment is at it’s highest and the uncertainty of when this pandemic will end will have a huge effect on the world economy.

But it’s not all doom and gloom as we’ve said before

If you’ve found this article “Starting A Network Marketing Business” useful or informative, then please leave a comment below or if you have any questions ask away

If this can help someone you know, then please share it with them.

Until next time…

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Starting A Network Marketing Business

Posted in Attraction Marketing, Business Success, Entrepreneurship, Network Marketing, Online Marketing Education | Tagged , , , , |

Is This A Good Time To Build A Business

Is This A Good Time To Build A Business

Is This A Good Time To Start A Busines Well it all depends on how you look at things to be honest.  If you have an entrepreneurial mindset or you have always wanted to build a business and never had the time then this would be a perfect time to build a business or start a new business venture.  As Wayne Dyer once said

“If you change the way you look at things, the things you look at change”

He was so right.  After all, anything and everything in life is all up to interpretation is it not?  About what you choose.

Why Is This A Good Time To Start A Business?

Let’s first look at what has prompted this article and what’s going on in the world.  Frankly the uncertainty that’s all around us as a result of the Coronavirus has left many wondering what’s next.  We’ve seen it first hand with our own family, our clients and students and of course we feel it ourselves make no mistake.

So the question is why are these uncertain times a great time to start a new business or dust off one that you may have started or thought about starting in the past, but have not done anything with for a while?

Is This A Good Time To Start A BusinessWe believe that right now it’s because of one thing.  TIME.

You have time

All around the world people are living in self isolation / stay at home instruction. Even if you are able to work from home as three of our children and their spouses are doing, you are saving time by not having to commute.  They’ve told us this has completely changed their view of working in London and how much time is lost travelling.  It’s probably the same for you we would imagine and that time can be used to create your new business (and not interfere in what work you may have been asked to do from home). If you are staying at home, but not able to do your job from there, you may have even more time to work on developing a business (for instance if you have been furloughed by your employer).

The question is what can you do with this extra time to create and build a new business?

Let’s put our management consultant’s hats on here (that’s what we did before we gave up the daily commute and started an online education business back in 2009) and give you some strategies and things to think about.

What’s Your Idea For Your New Business Venture?

We’re assuming here that you don’t already have a business in mind and that being the case, this is the time to think about your knowledge, interests, passions, and skills.  Anything that interests you or you know about enough and that could make a great business. Assuming you have an idea in mind then you need to map out the pieces of that business idea so you can turn it into reality.  If you need to brainstorm this just reach out to us and we can hop on a zoom call and help you develop that idea.

We’ve got the time if you’ve got the idea!

Create A Business Plan

Now don’t run a mile when you read this please.  It doesn’t have to be anything fancy at this stage and it very much depends on what business you want to build.  It can be as simple as a list of your business goals and strategies and resources you need to accomplish each goal.  When you have the plan in place you will know what you need to do next.

Learn Something New

This is what we did.

Yes we did have business skills having worked as accountants and management consultants and had our own consultancy practice for twenty plus years.  Learning online business skills was brand new to us but we saw an opportunity and we knew that if we got more knowledge and skills we could turn it into a viable business.

This may be just the right time to gain that new knowledge or learn those new skills.  Maybe you’ve even investigated doing that before but lack of TIME was what was holding you back

Marketing Your New Business

Now assuming you’ve got that idea and you’ve got the time then you will need to think about how you are going to market that business.  There really are so many ways from free to paid marketing and now that you have time on your hands is a perfect opportunity to learn how to use social media for your business and practice using it.

Creating Content For Your New Business

What kind of content will you need to create to share your new business information with your prospects and customers.  This is a great time to be developing this content in advance, things like articles, social media posts, newsletters, blog posts (like this)

Using Technology In Your New Business

While you are midst of this pandemic you are already finding how technology has created new ways to stay in touch with friends and family.  It’s also the same technology we use in business (skype, zoom, FaceTime etc)  If you have kids at home you are home schooling you can see how they are using these technologies for their lessons and for fun!  You should use this time you have not to learn about them so you can reach potential clients in the future

Build a Website

These days, it is difficult to run a business without having a web presence. Use the time you have to get yourself a domain for your business and install a simple wordpress website and start to build it out so it explains your products and services that you will be offering.

The Most Important Reason You Should Start A New Business Now

The most important reason you should start a new business now (speaking from experience) is the fact that all the economic measures that have been taken to help people survive this pandemic will inevitably lead to a global recession.  During a World Health Organization press conference on Friday, Kristalina Georgieva, director of the International Monetary Fund, warned the economic fallout from coronavirus is already “way worse than the global financial crisis of 2008.”

  • With over half the globe—roughly four billion people—currently on lockdown or under some form of stay-at-home orders due to the coronavirus pandemic, the dive in business activity has created an economic crisis “like no other,” the IMF director warned on Friday.
  • “Never in the history of the IMF have we witnessed the world economy come to a standstill,” Georgieva said. During the 2008 financial crisis, the global economy lost more than $2 trillion in value, a drop of nearly 4% from where it was before, according to Moody’s Analytics.
  • She described the current crisis as “humanity’s darkest hour” in her lifetime, as it poses a “big threat to the whole world and it requires us to stand united.”

You can read the full article here on Forbes

The writing is on the wall!

There is a message that is being heard loud and clear around the web.  It pretty much says you should be coming out of this pandemic chaos with a new skill, more knowledge and we hope after reading this you’ve started a new business or you’re fully intending to.

To conclude, you can map out your path, start a new business and make it happen or you can create reasons that it’s not possible…that you can’t do it.

You can go one way or you can go another way.

You get to choose

Can we finish with a recommendation?

Choose The Single Most Important Decision Before Starting Your BusinessThe Single Most Importand Decision When Starting Your Business

One book we would highly recommend you read is from our mentor Ryan Levesque. It’s called Choose – The Single Most Importand Decision When Starting Your Business

It’s one of our favourites from our library and trust us it’s very well read and thumbed for a reason

While many factors can affect a business’s success, one central issue can doom it from the get-go: asking what instead of who. Who is the customer and why should they want your product? And most importantly: how can your business serve them? This is the foundation upon which all other aspects of the business should be built.

And let’s face it, even if you decide not to start a new business now you have the time to read it don’t you!

We’ll discuss different types or business in the next few articles so make sure to bookmark our website or set an RSS Feed to stay in the know

Stay safe, follow your Government’s guidelines and stay positive

If you’ve found this article “Is This A Good Time To Build A Business” useful or informative, then please leave a comment below or if you have any questions ask away

If this can help someone you know, then please share it with them.

Until next time…

Work With Chris And SusanIs This A Good Time To Build A Business

Posted in Business Success, Entrepreneurship, Online Marketing Education | Tagged , , , , , , , |