photo credit: Olly Farrell
When I had originally written this post, I simply posted an old article I had previously posted on another article directory. In all honesty, it was just a post glorifying the benefits of network marketing with a link to the company I am a part of. However, since people are actually typing in "my job is making me depressed" and landing on this article, I decided to actually make it useful and not a shameless plug for the network marketing company I am a part of.
After some time in mlm, my viewpoint has changed and after reading The Millionaire Fastlane by M.J. DeMarco, I no longer want to place all of my efforts into recruiting people. I'd rather focus my efforts in a business of my own, which I have full control. I'm sure you want to do the same.
Start a Business
Starting a business can be done even if you are working full-time. You don't like your job so use that as your fuel to create a business of your own. Take advantage of your study income to help fund your business. Deciding what your business should be is another challenge. Here are some of my personal tips:
- Don't Quit Your Day Job - Establish your business first and earn sufficient income from it before giving up your job.
- Don't Freelance - That is unless you seriously don't mind doing it for a living. Transitioning to freelance work can give you the satisfaction of working for yourself, but after some time, it will feel like another job.
- Be Weary of MLM's - Network marketing can be a very fast way to work for yourself but it is by no means easy. Just like any business, you have to put in a lot of effort to grow it and since a majority of that effort relies on recruiting others, it can be tough. Consider if you want to spend the time on someone else's company or your own.
- Do Consider Affiliate Marketing - If you have some marketing skills, SEO skills, or both, you may want to consider affiliate marketing. Many people earn their living from affiliate marketing. I enjoy it because it can be done online and runs 24/7. It takes time but once you gain some momentum, it is a great form of passive income.
- Learn How to Sell - Read this article from Inc. magazine: How to Make Money in 6 Easy Steps.
Book Recommendations
I read a lot of books and I'm making a point to read more business related books. Two good ones that stick out include:
- The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.
- Never Get a Real Job
Yours in Success,
{ 1 comment… read it below or add one }
I can’t get over the the idea that MLMs are just selling a product of equal quality to those in a retail store but for a far higher price to support the compensation plan. It would make sense if the products were the same price as those in a store but just marketed MLM style vs traditional advertising. Traditional advertising and marketing costs money and is reflected in the prices at the store. If MLM is superior why does it cost significantly more to buy products that are distributed that way? Further, with MLM you don’t make money selling product. It is all about signing people up; pestering your friends and anyone else you meet. Everyone now becomes a “prospect for the business.” I would really like it to work but I just don’t see it from my experience. I can’t in good conscience market something that I know is over-priced just to support the compensation plan.