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Network marketing can be a multi-billion dollar company. As it's shown in major universities all over the world, a business model. The Wall Street Journal reported, between 500-lumen and 65-70 of most products and ser-vices sold within this century is likely to be through network marketing. It is a business model that's perfectly suited to the information age. What is this Business Model? Network marketing is just a method of working that's different from the standard model utilized by many consumer packaged goods, food and drug companies. It's one of the most promising revenue opportunities in American to-day. It's the concept of several people each doing a little work, as opposed to a few people doing a great deal of work. To quote J. Robert Getty, the sides first billionaire, Id rather have one of the efforts of 100 people than a huge number of my own personal. In place of using the traditional distribution process of moving products from manufacturer to wholesaler to retailer to consumer, network marketing businesses work with a network of independent entrepreneurs to move products directly from the manufacturer to the consumer. Further, the fee structure of a network marketing business differs than a old-fashioned packed goods marketer. With a company, millions of dollars are used on advertising to entice consumers to purchase that companys products rather than the almost identical product from yet another company. Having a community company, the advertising cost is channeled in to sales commissions for suppliers who promote the product through word-of-mouth advertising, i.e. by telling other people in regards to the product. In the standard business model, money is spent BEFORE the sale in the form of advertising; in the network advertising model, the money is paid AFTER the sale in the form of profits. Which model appears to make the most sense from a business standpoint? With system marketing, you have two resources of income: (1) immediate commissions from sales you make your-self, and (2) commissions from sales created by people you add to the business enterprise, called residual income. Identify supplementary info on the affiliated encyclopedia by browsing to  [http://www.empowernetwork.com/kevinklau/blog/home-based-mlm-business/ relevant webpage] . You are able to spend your time and money once and get paid multiple times for that work. This means getting paid-for the work of the others. In conventional sales, you may be an excellent merchant and make your income from almost all their purchases and have a couple of dozen good clients. However, you probably have to feed these customers and spend most of your working time ensuring they are getting from you and not someone else. In network marketing, you can develop a organization of 100, 1,000, or even 10,000 people, most of whom you will not know or ever have contact with. This is because nearly all the people in your organization will undoubtedly be people who know somebody, who know somebody, who know somebody, who know you. Having a organization that's working with you, and for you, you can multiply your efforts often. The earning potential of an organization of 1,000 individuals, each putting in only one hour a day five days a week, shows 20,000 hours of work in a month. It'd just take one person 10-years to produce the same quantity of work. Thats the power of the community. Probably Robert T. Kiyosaki, composer of the Rich Dad, Poor Dad collection, said it best. The wealthiest people in the world try to find networks. Identify further on the affiliated encyclopedia by visiting  [http://kevinklau.com/creating-a-strategic-plan/ intangible] . In the event people require to get supplementary info about  [http://kevinklau.com/new-social-media/ like] , there are heaps of libraries people can investigate. Everyone looks for work. It's believed that more than 50,000 people take up a business every week in america. The average person running a business earns more than $50,000 a-year (often working part-time), as the national average annual family income is less than $45,000 (and nearly all of those individuals are working at least 4-0 hours each week). Also, a business owner can be eligible for a many legitimate tax breaks, and tax experts suggest that the common person can save yourself between $2,000 and $10,000 o-n taxes annually just by starting a business. How is this possible? Well, consider both of these tax structures: a wage earner first gets income, then pays tax on that income, and then pays for costs with after-tax income. A company owner first earns income, then pays for expenses, and then pays tax on net income after expenses. In other words, a business owner can legitimately reduce the level of tax because business costs are paid with pre-tax income, not after-tax, income he or she has to pay. Be taught more on  [http://www.empowernetwork.com/kevinklau/blog/mlm-leaders/ go]  by going to our lofty URL. Network marketing is really a $36 Billion market in-the United States Of America. More than 20 % of the estimated one million millionaires in America to-day have acquired their fortunes on the past six years through network marketing. Worldwide, you will find over 3.5 million riches, and significantly more than 700,000 have created their millions via network marketing. Conservative estimates are that community marketing in America is developing 40 new millionaires every month from common people. This means that a persons greatest chance of economic success is through networking. Again, Robert Kiyosaki discovered, If I'd it to do all over again, I would choose network marketing. For individuals who are interested in supplementing their income, starting a business, and providing better protection for retirement and for their children and grandchildren, network advertising is an obvious choice. Bruce Bailey, Ph.D.