Cellphone Plan Home Business

There are a number of ways to make money besides a good old Jay Oh Be. Those “Jay Oh Bees” are getting harder to come by especially the ones that pay good money. So that leads a lot of people to look elsewhere for their income – especially in times like these.

Two traditional non-job ways of making money are investing in the markets and Network marketing. The first big difference between these two options is that investing in the stock market (or other markets) requires a lot of specialized knowledge and instinct. The kind of instinct that comes from years and years of experience in investing. One cannot expect to read a few books and talk to a few people and suddenly become a successful investor. Also investment strategies require money. The old saying “you can’t make money unless you spend money” comes to mind here. And to get significant returns on investments, you must generally invest significant amounts of money. And of course let’s not forget the risk factor. We have just witnessed the risk factor in action in the stock market so I don’t need to add much there.

These issues don’t exist in Network Marketing. One does not need years and years of experience and hard knocks to build a successful network marketing business. One does not need a whole lot of money to start up a Network Marketing business – especially one like MyWirelessRep which is only $49.95 to start. As for the risk – well since you aren’t investing a lot of money there isn’t much money related risk. There is time and effort to be spent however – don’t let anyone tell you otherwise. This represents a level of risk that most entrepreneurs can live with. I live comfortably with this every day. What about you?

I was meeting at lunchtime with some businesspeople who own a retail store.  And the talk centered around lamenting the economic conditions. They had a sense of panic as they will have to make severe cuts in personnel and other areas. As I listened to their dilemmas with less-than-predicated sales levels, I thought afterwards how different it with a home based business. Oh sure, I am not getting as much business as I would like and a good part of that might be due to the economic fears everywhere they were talking about.

But as a home based business, I don’t have the overhead!  I don’t have employees to pay, I don’t have office and warehouse space to rent, I don’t have telephone equipment leases, etc. I work for myself with the help of a contract Bookkeeper and Accountant, and all my office equipment (such that it is) is paid for. Except my cell phone which of course is on a monthly plan. The point here is that a home based business is far more able to weather poor economic conditions than a brick & mortar business because of its low overhead. Overhead is what forces businesses to dip into credit lines when times are slow. I sympathized with them, but was secretly thankful I am where I’m at.

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!

Now that the elections are over and that particular dust has settled, people are looking to new government officials (particularly Barack Obama) to ‘fix the problems’. I think too many people are looking for solutions from government. Most people don’t really know what to do when things are broken that they feel are outside their control.  But some people do the wrong thing. According to the Themes on the Economy newsletter, the one industry that has enjoyed strong growth is the liquor industry.  According to that source: “…spending at bars surged at double digit pace from a year ago.” That would be the way the way some people handle bad news, but not the way I handle it.

There will always be a group of people who look to themselves for solutions when times are difficult and even when times are good. I rarely drink and when I do it’s to raise a toast to success, never to drown sorrows. For me, working on my home based business is my antidote to depressing news. What about you? Where would you rather ward off bad news? In a bar or your home office?

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.

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.