This article is for anyone thinking about becoming a network marketing distributor. Come explore what it takes to start up your own network marketing business. Network marketing is also known as MLM, Multi Level Marketing, Direct Sales, and Referral Marketing.

What is a Network Marketer? They are independent business associates, building their own business within a business. They retail their company’s products and services to consumers. They also recruit other participants into their network marketing company. Many companies today, find that the cost of marketing a product Nationwide or Worldwide, is an expensive, time consuming process. First of all, shelf space in stores is already taken with competitors products.

By marketing their unique product or service through network marketing, companies can take advantage of an army of referrers. The money saved on advertising, as well as part of the profits, are paid out to the field as commissions and leadership bonuses. The network marketing company will usually experience a much faster growth rate than a traditional business.

Network Marketing can, not only, be a lucrative business, but can also, be an excellent leadership, and self development program. Along with your income growth, you should experience personal growth as a side benefit. To me, network marketing is the best small business to start up. For more on this see our hidden values article on Robert Kiyosaki.

"The richest people in the world look for and build networks, everyone else looks for work."-- Robert T. Kiyosaki, Entrepreneur and Author

Special Skills: Must like people, be teachable, and willing to grow. You should strive for a little improvement each day, to maximize this business.

Licensing: Most of the time, a network marketing start up distributorship requires no licensing. Check your community’s ordinances. At the most, a local occupational license, may be required.

Costs to be a Network Marketing Start Up Distributor:
Estimated from a low of $100.00 up to $1,000.00 for everything needed.

Equipment needed:
Home computer with internet access, a telephone and automobile. I know of one distributor who started without a car. He rode the bus. Today, he’s a strong six figure earner.

Literature & Advertising: Business cards, Flyers and most likely a few company brochures. A great deal of your advertising online may be free.

Your Customers: They’re usually a broad spectrum of the population. The most successful companies have a product or service that appeals to a broad mass of consumers.

Marketing: Be teachable and willing to follow instructions. Your local marketing may be by word of mouth. You may use cards and flyers, car signage, small classifieds, internet and more than I can cover in this short introduction. Now more than ever, those who invest in learning internet marketing, may rise above the average distributor. Building your business online is a big plus. The internet grows every day, are you?

Leverage: Absolutely. Leveraging time and money is exactly why people join Network Marketing companies. It’s also why so many business experts Like Jim Rohn and Robert Kiyosaki recommend a network marketing start up for a part timer..

Residual Income: Yes, building a passive income stream is possible and doable. It’s really one of the best reasons to be a network marketer.

Tax Advantages: Business owners always enjoy more tax breaks than wage earners. Working from home in your network marketing start up business allows multiple deductions

Work from home?: Absolutely. Working from home is one of network marketing attractions. It allows people to start part time, while working a job, or while transitioning, out of a job.

Potential: Good solid income for a single or married couple. An enjoyable business with the freedom to build around your schedule.

Risk: In network marketing your risk is limited to the low start up cost and your time and effort. For many, their first company might or might not be the right one.

The Good: With the high entry cost of Nationwide and Worldwide marketing, companies, more than ever, are turning to Network Marketing to move goods and services. This business is usually entered, part time, to get your feet wet. This allows you, to grow at your own pace.

On the front end, you’ll work harder than what you’re get paid for. As your skills grow, you will be paid much more for your efforts. As your business matures your workday could be anywhere from 3 to 8 hours, depending on how much growth you desire.

The Drawbacks: Choosing a Good Sponsor who will train you. Picking a company, that, not only, has a good product(s) or service(s), at the right time, but also, one with a good training and support system. Choosing the right company on the first try, is like catching lightening in a bottle.

Other Possible Costs: Business License, Insurance, Advertising and Ongoing Education. To me, ongoing education is a mandatory price of success.

You have what it takes to be a network marketing start up, if you’re persistent, trainable and will take action. Your persistence should lead to network marketing success.

Page updated 03/24/10

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