Although the economy is said to be looking up and improving, there are many people still struggling.
Indeed, there will always be people who have a hard time even if and when the economy is good.
There are all manner of circumstances which can wreck havoc to a family's well being.
Network marketing, which was once more commonly known as MLM or multi-level marketing, is still a viable choice for people who are looking to have a business of their own.
This is an industry in which people can start with a relatively small financial investment if they are willing to put in the time and effort required.
It is not an easy business model, but it is still making millionaires.
With the concept that a person is paid on multiple levels as people who are signed up under him also buy and sell products, this is a way for a person to be paid on the efforts of many.
However, it is not easy to get the many people that are required to earn even a small amount of money in the network marketing industry.
Each company which engages in this business practice has its own compensation plan which may pay on a few levels deep and several levels wide or vice versa.
The pay plans are often complicated and most often favor the company rather than the distributor who has signed up to push the products.
A lot of money is left "on the table" by people who buy and sell products but who never qualify for the pay outs, and that money goes to the company.
Home based businesses are the wave of the future for people with a wide variety of backgrounds.
Network marketing is only one of many types of home based businesses.
This is a way for people to have hope in today's economy.
Even if they are not able to come up with the big capital or loans to start a traditional business, network marketing is open to all who have a little capital and a lot of drive.
There are some detriments to starting a home based business in network marketing: •The products are usually higher priced when compared to retail outlets •It usually requires talking to or contacting LOTS of people •There is most likely a lot of rejection associated with it •An extraordinary amount of work and effort is required for success •The failure rate is extremely high •It is all too easy to quit before success is achieved Some reasons people can look to network marketing to achieve their goals are: •There are no restrictions of education or lack thereof •Anyone can be accepted into the ranks •Only a small outlay of cash is generally required •Millionaires are still being made in this home based business •You can work the business at your own pace and on your own time Network marketing is desirable for a lot of people.
It is an industry that resonates with the hopeful because it still offers a glimmer of success possible on the horizon.