Network Marketing: Selecting the Right Business
Robert T. Kiyosaki said in his book “CASHFLOW Quadrant” that the best way to start to build passive income is to use network marketing. With a good network marketing business, Kiyosaki believes that you not only learn business skills by running your own business, but you also build a passive income stream that can eventually take you to financial freedom.
The good thing about a network marketing business is there is almost no start up cost compared to starting up your own business from scratch or even buying a franchise. The bad thing is that there are hundreds if not thousands of network marketing business to choose from. With so many choices, how do you pick the right one? Here are the most important aspects of an online business to focus on:
Start Up Costs
Stay away from online businesses that cost hundreds or even thousands of dollars to start, especially if you are relatively new to the industry. Try to find a business that has a low start up cost or a low monthly fee. If you can, try to find a free trial as well, like that of Global Domains International. With a free trial you can explore and experiment with the system and determine if it’s right with you.
No matter what online business you choose, make sure you have a good sponsor or mentor to guide you. Your mentor should have a proven track record of success with this business, and be willing to help you not only though email but by phone. He or she should set up a marketing plan with you that can get you jump started in the industry. As Tony Robbins says, the key to success is to find someone who is successful, find out what they did, and then do it.
This is something that everyone researches, but few really understand. The key to finding the right business is to find one that offers a product that everyone wants. The more demand there is for the product, the more sign ups you will get. It’s that simple. With the right product and the right marketing system, your business will run itself and you will pocket the profits.
Everyone wants to make money. The problem is people get suckered into online businesses with guarantees like “10K in one week!” The truth is, building passive income takes time and takes effort. With enough effort, your business will get to the point where it will run itself. Just find a company that has a good monthly pay system with solid bonuses.
Good luck to everyone on your path to financial freedom!
Source by Sean Wright