Network Marketing, The Business Model

Network marketing is a multi-billion dollar business. As a business model, it is taught in major universities around the world. The Wall Street Journal stated, between 50% and 65% of all goods and services sold in this millennium will be through network marketing. It is a business model that is perfectly suited to the information age.

What is this Business Model?
Network marketing is a way of doing business that is different from the traditional model used by most consumer packaged goods, food and drug companies. It is one of the most promising income opportunities in American today. It is the idea of many people each doing a little work, as opposed to a few people doing a lot of work. To quote J. Paul Getty, the worlds first billionaire, Id rather have 1% of the efforts of 100 people than 100% of my own.

Rather than using the customary distribution process of moving products from manufacturer to wholesaler to retailer to consumer, network marketing companies use a network of independent marketers to move products directly from the manufacturer to the consumer. Further, the cost structure of a network marketing organization is different than a traditional packaged goods marketer.

With a traditional company, millions of dollars are spent on advertising to entice consumers to buy that companys products instead of the virtually identical product from another company. With a network company, the advertising expense is channeled into sales commissions for distributors who promote the product through word-of-mouth advertising, i.e. by telling other people about the product. In the traditional business model, money is spent BEFORE the sale in the form of advertising; in the network marketing model, the money is paid AFTER the sale in the form of commissions. Which model seems to make the most sense from a business standpoint?

With network marketing, you have two sources of income: (1) direct commissions from sales you make yourself, and (2) commissions from sales made by people you introduce to the business, called residual income. You can invest your time and money once and get paid multiple times for the effort. It means getting paid for the work of others. In traditional sales, you may be a great salesperson and have a few dozen good customers and earn your income from all their purchases. However, you probably have to nurture these customers and spend most of your working time making sure they are buying from you and not someone else.

In network marketing, you can build a downline of 100, 1,000, or even 10,000 people, most of whom you will not know nor ever have contact with. This is because the majority of the people in your downline will be people who know somebody, who know somebody, who know somebody, who know you. By having a downline that is working with you, and for you, you can multiply your efforts many times. The earning potential of a downline of 1,000 people, each putting in only one hour a day five days a week, represents 20,000 hours of work in a month. It would take one person 10 years to produce the same amount of work. Thats the power of a network.

Perhaps Robert T. Kiyosaki, author of the Rich Dad, Poor Dad series, said it best. The richest people in the world look for networks. Everyone else looks for work.

It is estimated that more than 50,000 people start a home-based business every week in the United States. The average person owning a home-based business earns more than $50,000 a year (often working part-time), while the national average annual household income is less than $45,000 (and most of those people are working at least 40 hours per week). Additionally, a home-based business owner can qualify for many legitimate tax breaks, and tax experts suggest that the average person can save between $2,000 and $10,000 on taxes every year just by starting a home-based business.

How is this possible? Well, consider these two tax structures: a wage earner first earns income, then pays tax on that income, and then pays for expenses with after-tax income. A business owner first earns income, then pays for expenses, and then pays tax on net income after expenses. In other words, a business owner can legitimately reduce the amount of tax he or she has to pay because business expenses are paid with pre-tax income, not after-tax, income.

Network marketing is a $36 Billion industry in the United States. More than 20 per cent of the estimated one million millionaires in America today have earned their fortunes over the previous six years through network marketing. Worldwide, there are over 3.5 million millionaires, and more than 700,000 have made their millions via network marketing. Conservative estimates are that network marketing in America is creating 40 new millionaires every month from average people. This means that a persons greatest chance of financial success is through networking. Again, Robert Kiyosaki observed, If I had it to do all over again, I would choose network marketing.

For people who are interested in starting a home-based business, supplementing their income, and providing greater security for retirement and for their children and grandchildren, network marketing is an obvious choice.

Bruce Bailey, Ph.D.

Dressing Up For The Success Interview

Prepare and practice for an interview. After the date and venue has been set, allow time for enough preparation for the big day. Remember that first impressions do last, so the way an applicant look really does matter. Employers could easily give the verdict based on the manner of dressing during the initial interview.

Better questions and service can be received if the appearance itself commands respect. It is important to consider the surroundings of the company granting you an interview. There is no reason to be over dressed or poorly dressed during this very significant day. In fact, it is a good rule of thumb to always dress appropriately for any situation. All to often appearance is glossed over. Some might say that the inner characteristics of the person matter more, but in reality, you only have one opportunity for a first impression. Make it count!

Although there are specific guidelines that can be followed, these does not apply to all states like New York for example, where people wear trendy up to extreme styles that are far away from the usual fashion rules common people know. The rule of thumb should be to wear something that could boost more confidence.

Below are the top ten do’s and don’ts during an interview:

Avoid wild colored nail polish before the interview. The same goes with long nails that could easily turn off some conservative employers. These should be neat and very tidy looking.

Never wear jewelry that rattles and jiggles as you speak and move. Try not to wear two or more rings or earrings. Piercing aside from the ears is also a no.

Professional hairdo also counts
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If you are a woman, wear closed shoes. Heels are very appropriate as this gives more confidence to an individual and sense of respect is also provided once they see the person wearing them.

Again, for the ladies, never bare those newly shaven legs. If possible, use stockings regardless of the temperature. But make sure not to use fancy colored ones. Only use those made for neutral looking legs. These should also match the shoes.

Remember that a good suit or dress brings more confidence as well. This will also allow more comfort and chance for the applicant to answer comfortably or with ease.

Avoid short skirts for women. Wearing pants or leggings are a no, no during interviews.

Wear the appropriate blazers just as long as they do not look fashion outdated. Do not use any leather coats or jackets.

For men, the tie is still appropriate. Avoid using turtlenecks. If there is no suit and tie available, use a collared shirt or white long sleeves.

Men must not use too much aftershave.

Women should be using bags that are not too bright and conspicuous. These should be conservative and matching the dress.

Any briefcase used must be in perfect condition.

The way a person looks equal the message he is trying to convey. During the interview, this can either become a plus factor for the applicant or big loss. Know for a fact that the way an applicant should look must be appealing, fashionable but not loud.

Consider the latest trends in the area or location where the prospective job is located. One aspect that is a part of how employer picks a new hire is based on the physical attributes of the applicant. From the way the hands were shaken, keeping an eye contact, the way the posture was maintained, the smile was delivered up to the manner of dressing is being rated already.

Regardless of your personal career background, skills, and underlying talents, if the first impression was never striking enough to make an outstanding appeal to the interviewers, nothing else counts. This can be the potential employers initial interpretation of how an applicant will do on the job.

Whether that perception is fair is irrelevant. Do you want the job? Look the part and your chances for success are much greater!

Online Dollar Store

Everyday people are turning to the Internet to start and web based businesses. A major reason is that the cost of startup is minimal. You can do it all while sitting at home without the overhead requirements such as a storefront etc. You carry no inventory and you don’t have to purchase any products until they are already sold.

I see so many searches for these opportunities on the Internet. You see searches for phrases like dollar online store, dollar general online store, application dollar family online store and dollar online open store.

When I was doing my research for online businesses I found several Online Dollar Stores that I liked and one in particular is very popular with people who frequent my site.

Here is an example of what I found that is offered on some programs:

You get an Online Dollar Store website, instant store setup, make sure franchise fee’s are waived, access to hundreds of name brand products, marketing tools and step-by-step guidance and a free marketing consultation.

Another important criteria when looking into this type of venture is that they require no prior experience. This is important because many people have not had experience with an online business before.

In this type of business you will not have the typical expenses such as a storefront, inventory cost and employee’s. It’s all done online so you can have your own Online Dollar Store in no time at all.

In my previous articles you will find that I always recommend that you either use a website like mine but it does not have to be mine. If you choose not to use a website then you will need to do the necessary research yourself. It can be done and you can be successful, but it takes a great deal of time.

You will have to put forth some time and effort to be successful to ensure you meet your financial goals.

You will need to do the following to get your exciting new work at home endeavor started:

1. Research and pick an online dollar store that you feel will meet your online goals.
2. You will need a computer, access to the Internet and some extra time.
3. You should set up separate email address if and when possible.
4. Join the program and get your online business started.
5. Put forth the efforts necessary and have patience.

It’s a bit easier if you simply want to work at home doing some data entry, typing at home or online paid surveys then owning an online business. That is why I like this company and others that will do the web page setup and give you step-by-step guidance so you can be up and running quickly.

It’s easy to see that the opportunity to own you own online business is there if you want it. For many just the thought of eventually giving up their day job is enticement enough to get their work at home business up and going. Many are choosing to take a chance at experiencing the American Dream. Many people are creating additional income or replacing their day jobs daily!

If you are reading this article you more than likely have the necessary equipment to own an online business.

Please feel free to read more of my article or others I have written by visiting my link in the resource box below. I always enjoy getting emails pertaining to my articles or my site. Your feedback is important to me.