So, you want to know if you can make money with Network Marketing? There are a lot of misconceptions out there around this topic, and in this post I am going to address some of those. Now, lets dive in.
The simple answer is, YES. That’s it, post is over. Thanks for reading!
Just kidding. So, the answer is yes to the question, can you make money with network marketing? But if the answer is yes , why do so many people fail to make money or even recoup their initial investment?
First, let’s discuss how you can make money with network marketing.
If you are looking for the best chance to make money with network marketing in 2019 you should Check This Out
Ways to Make Money with Network Marketing!
So, you can make money by simply selling the companies products. Some people have built massive amounts of money by doing this but the number of people who have successfully done this is very low.
With that being said, leading with the product is never a bad idea. If you can find a bunch of people who absolutely love the product, converting them to distributors will be much easier, whereby leading us to the next way to make money with network marketing.
By far the most lucrative way to make money with network marketing is to recruit other distributors. When you recruit other distributors, you are essentially building a team of sales people and customers.
Each distributor has to order product every month, so you get paid on that. Every customer or distributor your referrals get to purchase products counts as volume in your business so, you get paid on that as well.
This is where leverage comes into play. You essentially get paid off the work that others do, simply because you referred them to the product or the opportunity. This is also how passive income is generated you work once (recruiting the other distributor) and get paid on everything they do so long as remain qualified.
Lastly, we have bonuses. There are literally thousands of network marketing companies out there and each one has its own compensation plan. The one commonality that most network marketing companies have is that they almost all have bonuses.
Some companies have car bonuses, where if you generate enough business volume you qualify for a monthly car allowance anywhere from $150 all the way up to $2000 or more. Some companies allow you to take a cash payout of this bonus. Either way it is an excellent incentive, for you to get out there and get to work.
Another way to make money with network marketing is with Rank Advancement Bonuses. Network marketing companies have different ranks you can achieve by generating business volume. Generally speaking when you hit a new rank you either qualify for more levels of commissions or receive a cash rank advancement bonus.
Can You Make Money with Network Marketing?
So, yes you can make money with network marketing, the actual question is, will you? That depends on the effort you put into it. A big reason why people fail to make money with network marketing is that they under estimate the amount of work it really takes to build a network marketing business.
You need to find a product/company that you absolutely love and you need to build a team of like minded people that are willing to roll up their sleeves and get to work too.
There are literally thousand of network marketers that make 6 figures a year, and over a hundred that make over a million dollars a year with that number rising all the time.
Will you be one of them?
Here is exactly how to make your FIRST $200 WITH NETWORK MARKETING IN 2019.
- Register for the 90 Day CBD Challenge here
- Upgrade to Executive With HempWorx
- Refer one person to the 90 Day CBD Challenge that also upgrades to Executive with HempWorx
- BOOM $200 Commission
If you are just starting out on your network marketing journey check out my post titled Network Marketing for Dummies