subject: Mlm Opportunities To Make A Successful Business And Gain A Significant Income [print this page] An increasing number of people are dissatisfied with a traditional job and would like to start their own business. However starting your own business is often very costly and comes with a higher risk of failure. One way to limit the chance of failure is to start a franchise business however that is still costly. MLM opportunities are a great alternative to a franchise. They offer many of the same features which go towards success without the downside of a high initial start-up cost.
One of the reasons the MLM business model succeeds is because of its proven marketing plan. This marketing plan provides profit for everyone in business. This plan also offers distributors help and advice on how to sell the product or service and how to recruit into the business by presenting the opportunity. Materials to make it easy to market are also provided by the parent company.
Another great advantage is that the product or service is known to be a good one, and demand is established. All the risk is taken by the very few initial founders of the company, by the time the company goes public and starts to expand there will already be many hundreds if not thousands of satisfied customers. Companies with bad products don't usually last very long.
A key decision that many new business owners agonise over is how to price the services or products that they may offer. A certain amount has to be charged in order to make a realistic profit, but consideration also needs to be given to how much the public is willing to pay. Parent companies have already worked this entire thing out. They will be able to offer customers something like catalog or perhaps a web page with the prices already attached to each product or service.
Another advantage that franchises and network marketing have over a traditional small business is the ability to access economies of scale. The parent company is supplying its products or services through a large number of distributors, so they can use economies of scale in supplying those products or services. The parent company is also able to produce large numbers of marketing materials, for example catalogs. This means that distributors can get them at either a subsidized price or a very low one.
People who begin a business within the MLM framework are also able to take advantage of the training opportunities. It is in the best interests of the up-line to provide good training, usually for free, or at least for a very low cost. There are often training materials provided by the parent company. This also means that when somebody has a new recruit they can take advantage of the training materials to train them as well.
Another great advantage of an MLM is that your fellow distributors want you to succeed. Maintaining the reputation of their parent company is important to them, so they would rather you don't fail. In addition a new member is not seen as competition, but as a new part of the team.
MLM opportunities are described by many as being just like a franchise but much better. The costs to get into this type of business a very small, and the time required before a start-up can happen is very short. This ease of entry means that in multilevel marketing business can be quickly and easily started and when effort is put in can also be very successful.
by: Michael Force
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