Network Marketing Advantages And Disadvantages
Network Marketing Advantages And Disadvantages of any network marketing business really come down to skill level, your willingness to learn, how motivated you are to achieve greatness so you can capitalize on the advantages, and don’t develop a mindset of failure as that is the disadvantage of network marketing.
What are the advantages and disadvantages of network marketing
With any network marketing business or that network marketing business you are being asked to look at and join, the first thing I would recommend is to really do your research of that network marketing company before you join.
Before I get in more detail about the advantages and disadvantages of network marketing, I just want you to know that you can very well do well with any network marketing business, but it will take a lot of work and dedication on your part to see it through to success.
Let’s get started on the Network Marketing Advantages And Disadvantages
Advantages of Network Marketing
The first advantage of network marketing is freedom.
You can work on your terms of when you want to work and when you don’t want to work.
For example, do you hate your day job, or don’t like getting up to an alarm clock every day then network marketing is right for you.
Now I’m not saying everybody hates their day job but most people get tired of doing the same old job over and over again so they are looking for a change of pace.
Even those folks who love their day job still want to give network marketing a go and see if they can turn it into a full-time income or a side income to save more for retirement or for that day they need a little extra income from your network marketing business.
With your day job you only get paid for the hours you work, so if you show up for 20 hours a week you get paid for 20 hours’ work, and so on unless you got a day job that will pay you to not show up.
Now with network marketing, the big advantage of it is you have the chance to create passive income with network marketing.
For those of you who are not familiar with passive income, well it’s an income that you can generate that will pay you over and over again whether you show up to work or while not doing your network marketing program.
When you build your network marketing business with others and create a great following of affiliates that you have sponsored you are getting paid a small percentage of their efforts as well this is called passive income.
That is the big advantage of network marketing creating that passive income.
The next thing alike about the advantages of network marketing is no one can tell you how much you can make with network marketing you can literally make what you set out to do if you get the right attitude to do so.
When it comes to family time or spending more time also with friends you can achieve more with this as well as with a day job that you are doing requires you to work a full-time schedule with some people at 40 to 60 hours per week.
If you create a passive income you are gaining more time with family and friends once you create a great group of networkers to follow your network marketing business as you will be rewarded more time with them by taking advantages of network marketing.
The other nice thing about the advantages of network marketing you are given the chance to work anywhere you choose in the world, if you want to work from home no problem, on the beach no problem, or halfway around the world can be done just like working from home.
When it comes to earning an income with network marketing you are given the chance to make more than the actual CEO of the company if you have the drive and means to do so, if you’re working it day and night you can earn a 7 figure income with it.
The required price to join a network marketing business to invest in is usually pretty low than starting a brick and mortar store so this is also a big advantage of network marketing as well the price to get started is manageable.
When it comes to knowing about the business when you start you are not required to have any education to join so the way to join a network marketing business is to learn as you go.
Most of the time you will have a low startup cost and low overhead cost to keep going with your network marketing business, once you have started with your initial fee your usually good to go with a low monthly fee for most.
With any network marketing business, it literally has thousands of products or services to choose from to join, so you won’t be stuck promoting something you dislike.
Now my most favorite of network marketing and the advantages of network marketing is you are given the chance to earn an unlimited amount of income and that my personal favorite of all the advantages.
Disadvantages of Network Marketing
The main disadvantages of network marketing are really quite simple, most people give up about 90 percent of them and move on to something else after about 3 months of trying the last network marketing program.
For most people who try network marketing about 90 percent will fail, sorry about that statistic but it’s true, and if you continue reading you will find out why.
If you don’t decide to give it your best chance for success the main disadvantages of network marketing are a failure to keep on going with the program you started with most of the time.
Now let me explain some more of the other disadvantages of network marketing.
Most people give up in three months and onward to six months as they are not seeing progress fast enough in the levels they are trying to reach and quite as they think it’s useless to carry on with it.
If you don’t have a great resource of people above you to help you along so you can learn from their trial and errors it can literally take you a long time to see what works for you and what doesn’t so having the upline support is big to have for you.
Some of the network marketing programs that you will join and if you don’t take the time to really look into how they do business you soon find out it’s not what it was you thought it was going to be for you.
With network marketing you have got to also make sure that you are not just earing from the network marketing business by just sponsoring others as most people will catch on to this and quit so then you are not earing as well so make sure this tactic is not what you signed up for.
If you are not out there promoting all the time for the first couple of years then this is going to not be the great income you wanted it to be as not sponsoring or getting customers on a daily or weekly basis will not put commissions in your pocket.
Another thing that is so disadvantages of network marketing are if you don’t know how to show others how to duplicate the process your members will eventually stop building the business under you and again there go your business earnings.
If you are not comfortable with showing others and being a great leader in network marketing, for example, mastering the power to show them how to duplicate the process, or you are nervous about speaking to groups then you should get used to it as your going to set yourself up for disadvantages of network marketing.
When you join a network marketing business also make sure you understand the importance of knowing everything you can about the business your joining.
If you don’t know how to explain the process of the products and service you going to offer others, or you lack the expertise in answering questions with solid advice you again setting yourself up for failure with network marketing.
So if you don’t want to be one of the statistics of falling into the group of the people who are in the disadvantages of network marketing group then learn everything you can about the business your joining.
My next advice to the disadvantages of network marketing is don’t let the skill level interrupt the chance for you to be great at network marketing give it your best shot and don’t be one of those to give up too early.
I have also just released this post not too long ago How To Convince Someone To Join Network Marketing
If you want to be great at network marketing take the time first to learn everything you can about the network marketing business you’re going to promote.
Learn everything and take every training you can get your hands on.
Don’t let your skill level interrupt your feelings about network marketing if you are just starting out, as every professional network has had to start somewhere.
My last advice sticks with it for the long term if you do, you will do fantastic with it.
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I hope you enjoyed this post on Network Marketing Advantages And Disadvantages and I hope you got great value from it.