I’m going to really share some insight for you with how much you can make with network marketing.
Well the real answer is Yes, you can make money with network marketing companies, but you really have to stick with it, and how much money you can really make is not going to come easy, but yes you can make money with network marketing.
The real problem trying to make money with network marketing is, after about 3 to 6 months 75 percent of the people who join these programs move on to something else as they don’t see the rewards fast enough and roll on to something else.
A lot of network marketers don’t make any money at all, they are actually out money, after they figured out what they spent on joining and keeping their membership paid up, or buying lotions and potions to stay active as this is a requirement for some network marketing programs.
So then they get frustrated and move on and they never made a penny with their network marketing program.
This was their first mistake, leaving a program or system in the network marketing space early was really the recipe why they never made anything with it.
Its usually about 25 to 35 percent of the people who work at network marketing programs make money with them and make a profit all the time, and about 40 percent break even, and out of the rest the others loss money.
Now, the real winners who make money is about 5 percent, roughly about 50,000 to 100,00 dollars in profit a year, and the jackpot winners is about 0.07 percent will earn over 1 million dollars with network marketing and even make that every year.
So, if your looking to make money with network marketing and make a profit, you can but its going to be hard work, 3 to 5 years effort in doing it, and again not jumping from one program to another as well, as that will kill your chances of making it to the top.
Now if you still want to make money with network marketing programs and give it a go, then do understand if you do succeed in it there is super great benefits with it.
I will list the Pros and Cons below.
- Work from home and be your own boss.
- Never have to take orders from anyone but your self.
- If you hate the 9 to 5 job and punching a clock this is for you.
- Meeting new people as you go along with your business.
- Get out of the house more often as you are always going to want to promote your product and services with others.
- You control how much you want to make the sky is the limit and beyond if so be it.
- Sleep in more in the mornings if your not a morning person.
- Spend more time with friends and family.
- Take more vacations when you are able too.
- Pay off bills fast if you fall in to that 0.07 percent, the list goes on.
- It’s not going to be easy first starting out, I’m not going to sugar coat it here for you.
- For the first 2 to 3 years your going to have to give it your all, 10 to 12 hour days.
- You really have to check over the program you join and make sure they have a good track record and been around for a while with a reasonable good name in the business.
- You mostly will have to build teams and groups to succeed.
- You have to train those below you in the art of duplication, if they can’t explain it your team will build slowly.
- Be prepared to answer emails, and answer the phone with your down line that you have built.
- Always be available for your group until you feel comfortable that they are good with out your guidance.
- Be prepared to advertise your butt off to get the word out.
- Make it a full time job if you want to be able to just relax in 5 years down the road.
- Make sure before you commit to it, and it will be a tough go at first.
Now depending on how much you have to invest, a lot of these network marketing companies can be cheaply to join and some do require a good chuck of money to get involved.
I would suggest that you join a program that is no more than say $500.00 to get set up, reason for this is like I said before, about 75 percent of the people who do join these type’s of programs, quit after a year or so, sorry for the hard truth.
Ok, lets talk about some positive stuff to get your juices flowing and wanting to get busy with network marketing and making some money with it.
Did you know that around 75 percent of the women in the world who are successful in network marketing make over $100,000.00 a year and more.
Now did you know that around 15 to 20 percent of the millionaires around the world did it through network marketing programs and direct sales, so there is a great chance anyone can achieve this, if you stay with it.
The thing about how you can make money with network marketing companies and how much you can make depends on you, your earning potential is really unlimited, but it does take money to make money.
The average person who does network marketing makes about $3000.00 a year, now this is the average person.
Now for those who are doing it full time and have great success with network marketing, they are making 6 figures and some are even making 7 figures a year, like millions of dollars for those lucky few who have a passion for what they are doing and build large teams of affiliates or sales under them.
The thing about network marketing and how much you can earn, depends on what company you get involved with and what they have for a commission pay structure.
I would personally stay away from those companies or programs that pay you less than 15 percent commission on their products or services, as this will take you a long time to earn with them.
How much money can you make with network marketing companies is again how much you want to earn.
You can literally make only hundreds of dollars a month, to thousands of dollars a month over and over again if you really want to.
Lets look at a regular job, you only get paid for the time you work, so if you only work 10 hours, or 20 hours, or 60 hours a week, you will only earn that amount for what you work.
Now, with network marketing and how you can make money with them, is a whole new game changer if you really work at this.
With network marketing it can be a passive income with leverage, and keep paying you around the clock.
In network marketing, if you build a large team, a large sales force under you, and keep plugging away in building your team, and sales force under you, it can literally make you money around the clock weather you get up and go to work or not, that’s the power of network marketing and how you can make money with it.
Unless you have a real good paying job and love what you are doing, you will not make any money for retirement doing the 40 year plan, you are going to retire broke.
But with network marketing, you can literally cut that down in to 5 years if you are dedicated to building a large team and building a large sales force in your group, and you will be in that 0.07 percent.
So, you may now ask what should I do or get involved with in network marketing.
Now this one is up to you to decide, you should only get involved with a product or service you strongly have a great passion for, is the first step, as if you don’t understand the product or service how will you become a sales person for that product if you don’t understand it your self.
So make sure you like what your selling and have a passion for.
Make sure your treating it like a business and always give it at lease 15 or more hours a week until you can give up your day job, and your new business is paying you enough to go at it full time.
The nice thing about network marketing is there is now ceiling on what you can make, if you work the business starting with party time or full time, or even full time right away, no one is telling you from work how much your going to make as you command your own destiny.
You can make as much as you want with it, as your not capped with a salary or hourly wage, you can make as much as you want and even go after those huge bonuses they offer and incentives they have to earning you the top prizes and cash giveaways they have sometimes.
You also got to get your mind set right in being successful with network marketing.
What I mean by this is, you gotta always set new goals and achievements all the time. You have to make sure there is nothing in your way of setting you back, and you have got to make sure that the reward is right there for the taking every time you set out to do it.
Once your focused on your goals and know what’s its going to take to get there, really think about it as much as you can to be the top earner in your business.
If you are struggling with making money with your network marketing business here’s what to do.
- Contact your up line or down line for advice if you hit a snag.
- Setup social media accounts and share your business with the world that way.
- Start a landing page to get people to your offers.
- Do advertising with PPC services or direct email campaigns.
- Create flyers and brochures to pass around.
- Buy paid solo ads.
- Buy paid ads on social media.
Network Marketing can be some work, it won’t be easy.
I’m going to be honest here with you, most people fail in network marketing, only about 1 to 2 percent achieve success with network marketing, the rest give up and quit, and continue with there normal jobs and never make it.
But, if you really come a across a product and service that you love and have passion for, you can make a big income from it, and you can literally make more money with network marketing with network marketing companies and be very successful with them, but that’s if you stay focused and give it your all.
I hope you enjoyed this post, and come back again for my next one soon.