Economic Conditions and Network Marketing
One reason some people give for not wanting to start a home-based business is that the economy is so bad right now. What if I said, this is the VERY time to start one? Would you think I’m just trying to sell you on something? Well here’s the rub. For a network marketing company, these are good times! Why is that?
The reason is simple. During times like these, people are looking for solutions to their money problems. They may be looking for a way to earn a few extra hundred dollars a month or they might be looking for a way to replace income from a lost job. Lost jobs are a common problem now days. Smart people will not sit around and wait for Barack Obama to fix the economy. Smart people will plan and act now. And if you join a network marketing company like MyWirelessRep, you will make money by bringing other people into the company (as well as by selling cell phone plans). Today’s harsh economic conditions can be your ally!
Jobs and the Economy
There are more ‘gloom and doom’ reports in the news today regarding the job market. The news is reporting that unemployment passed the 6% mark and that 1.2 million jobs have been shed in the U.S. during 2008 so far. You know what I think of this news? I don’t pay attention to it, that’s what I think because I don’t have a job. I have a home-based business; there is no job for me to lose or worry about. And I can’t afford to get caught up in the ‘gloom and doom’ news. My time is better spent running and growing my home based business.
Of course I don’t completely brush off the news; I realize there is a connection between the overall economy and my ability to grow my business. However, I am focusing my mindset in a different direction that most people. Why not join me?
Full Time or Part Time Business?
CNN recently did an article on the Direct Selling industry (an industry which would include MyWirelessRep). According to Amy Robinson of the Direct Selling Association (DSA):
“Direct selling isn’t a full-time job,….It gives you extra money to go on vacation, get the refrigerator fixed or buy Christmas gifts. It’s about getting some extra money in the pocket.” (Full story Here)
The DSA is supposed to be an industry trade group which means they are supposed to be in touch with what’s going on in the world of direct selling. I am not sure what to make of that statement. It’s clearly not how I see direct selling. First of all, I don’t see MyWirelessRep as a ‘job’ at all – it’s home based business as are most direct selling opportunities. To say it’s a job is not even taking the right mindset. Secondly I look at it as a full time business, not part time. Although, the nice thing about home business oppportunities like MyWirelessRep is that they can be worked on a part time basis.
But if you want to truly be free and independant of the ‘job’ mindset, you will want to think of your direct selling as a business not a vocation. I personally don’t see my business as some way to pay for home repairs, rather I see it on a much larger scale. Maybe the DSA statement reflects the reality of most network marketers today and might account for the high failure rate in network marketing and direct selling.
Home Based Business Growing in Spite of Economy
Actually they are growing because of it, not really in sprite of it. I ran across this article which talks about that very subject. They don’t mention MyWirelessRep; instead they focus on the usual direct sales companies like Avon and Pampered Chef. However, the subject matter applies more to MyWirelessRep due to the sour economy. People are waking up to the need to make some money on the side. Whether that means a part time income or a full time home based business, people are really in need right now.
This is a great time to get into a business like MyWirelessRep. Don’t forget that you can join MyWirelessRep for only $49.95 until the end of the year. Where else can you get into a business for under $50? The companies mentioned in that article will require a lot more, usually several hundred dollars. Plus they all require some inventory. MyWirelessRep does not require you to buy any inventory. All cell phones and plans are shipped by Lightyear Wireless, not by you.
Multiple Streams of Income
In any business, one aim for secured success is to have many different types of income coming in. Multiple streams of income. For some that means multiple network marketing businesses. But wrapped up within MyWirelessRep are several ways to earn money and make up many streams of income.
There are CABs (Customer Acquisition Bonuses), residual income on maintenance fees, upfront bonuses on products and services, residual income on customers, as well as leadership perks. No one can complain about lack of variety in the MyWirelessRep business plan.
Click Here for more info on the MyWirelessRep Business.
The Value of Residual Income
Not all kinds of income are created equal. I’m not talking about unequal dollar amounts either. Most people are conditioned to think of income as something you trade time for. For example, when you work at a job for $10 per hour, you work 8 hours and you get paid $80 (before taxes). That’s all you get. You traded 8 hours for $80. You don’t get anything else for that 8 hours.
On the other hand, suppose you work 8 hours on a network marketing business like MyWirelessRep contacting potential customers and leads. Suppose during that 8 hour time, you helped 10 people start their own MyWirelessRep store. Well you would make about 10 times the amount of $80 in payout.
But it would not stop there. The people that you helped establish a MyWirelessRep site can then go one to set up their own customers and they will go on to help other people join the business too. Each time that happens (while you are sleeping even) you will be paid a portion of their earnings. That is the core advantage to residual income. You do some work once and it keeps paying you on and on into the future. Most network marketing companies offer some sort of residual income but MyWirelessRep really blows them out of the water!
Click Here for info on the MyWirelessRep Business.