Network Marketing expert Eric Worre interviews the iconic Sir Richard Branson and find out why Sir Richard Branson Is A Believer In Network Marketing
Unlike the rest of the world Network Marketing in New Zealand has never gained the recognition the industry deserves mainly due to the unfounded perception of a pyramid type scheme operation and a true lack of understanding of how the network marketing business model works.
This contrasts with the rest of the world (including Australia) which shows Global Direct Selling sales continuing a healthy yearly growth trend with over a TRILLION dollars in sales since 2009.
Global Direct Selling Sales
Global Direct Selling sales continue a healthy yearly growth trend with over a TRILLION dollars in sales since 2009.
- 2015: $183.7 Billion
- 2014: $182 Billion
- 2013: $178 Billion
- 2012: $167 Billion
- 2011: $158 Billion
- 2010: $132 Billion
- 2009: $117 Billion
Global Direct Selling Numbers By Region.
- Asia/Pacific: $84 Billion
- North America: $37.7 Billion
- South & Central America: $25 Billion
- Western Europe: $29.5 Billion
- Central & Eastern Europe: $5.9 Billion
- Africa & Middle East: $1.3 Billion
Global Direct Selling Participants
The number of Direct Selling participants globally continues to grow!
- 2015: 103 million participants
- 2014: 100 million participants
- 2013: 96 million participants
- 2012: 90 million participants
- 2011: 85 million participants
- 2010: 87 million participants
- 2009: 74 million participants
For the Network Marketing Profession to take off in New Zealand a concentrated education program is required to dispel the myths about this amazing industry called Network Marketing.
Where else can you start your own business for under a $1,000, learn as you go and build your business around your own time schedule Part or Full Time. No stock or Inventory to hold but delivered on your behalf whilst you use technology (social media) to run your business from the comfort of your own home.
Network Marketing provides the last bastion of hope for the average person, entrepreneur who wants more out of life for themselves and their family.
Before you discount this profession as a pyramid scheme you owe it to yourselves to get the facts, complete your own due diligence and make an informed decision.
Network Marketing Professional
Home Business Coach
Author: Profiles On Success
If you are completing your own due diligence on the Network Marketing Profession then you need to watch this video. This will give you a better understanding of the power of Network Marketing.
On the 15th August 2015 Eric Worre – Network Marketing PRO interviewed Tony Robbins and found out why he endorses Network Marketing as a profession.
If you want free world class training on everything related to the great profession of network marketing, visit Eric Worre at networkmarketingpro.com and enter your name and email for his newsletter list.
At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity. While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.
It all sounds good on paper, yet there is a seemingly endless debate over whether these companies and programs are legitimate business opportunities or not, so I dug in and got the real scoop. As a result, I believe that the entire industry is poised for explosive growth and can be one of the most significant solutions to America’s current retirement savings crisis.
Initially, that may sound like a bold statement, but it’s not if you understand retirement the way I do. The reality is, making a successful transition into retirement has more to do with psychology than with money… and the same may hold true for multi-level and network marketing.
Don’t get me wrong, money has a role in retirement, but it’s not the primary one every one gives it. Combine that concept with eye-opening statistics like AARP’s estimate that half of all baby boomers (76 million) are interested in starting a business and the makings of a massive trend are in place.
As far as the retirement saving crisis is concerned, more and more people are coming to terms with the fact that they probably aren’t going to be able to save enough money to just sit around and slowly deplete their nest egg from age 62 to 100. With the average 50 year-old estimated to have less than $50,000 in retirement savings, there is an obvious need to find alternative ways to either save more or generate supplemental income starting now, and continuing throughout retirement. Moving beyond just the dollars and cents, boomers are growing tired of feeling guilty or bad about their past savings habits and are interested in moving towards possible solutions.
Another growing reality that could benefit MLM and related businesses is the increasing number of baby boomers who are disenchanted with their current careers. They’re worn-out from years of the corporate grind and don’t feel the connection between their job and the people it impacts outside their office walls or company grounds. They’re shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better… to have a positive effect on others… and working in retirement. Facets of life that can be fulfilled with specific types of products and service available through some MLM or Direct selling opportunities.
MLM and direct selling programs also offer very low barriers into entrepreneurship, often providing training, support, and ample encouragement along the way. As retirees begin to realize they need activities that keep them busy, relevant, in good health, and connected to others, the time, energy and cost to participate in these kinds of companies make them very appealing to large segments of the population caught up in these dynamics.
This is not a ringing endorsement for the entire industry. Like any investment of time, money, and energy, people need to be aware of what they are getting into and do their homework. That’s the primary reasons I began researching the topic by reaching out to regular everyday people involved in these types of businesses and who were willing to skip the hype and offer a transparent view of the programs and give their opinions as to whether this can be a realistic source of retirement income.
I initially spoke to a retired friend who said she joined a health and beauty direct selling company as a means of meeting new people. She had recently remarried and moved to a new location, so she combined the practice of meeting new people with making extra money. After almost a decade in the business, she’s built a small niche business with family and friends despite switching to from one company to another competitor after three years.
She admits she doesn’t attend all of the company’s local meetings and goal-setting sessions because she’s not interested in becoming a top producer. She just likes to use the business activity to keep busy (particularly in the winter) and use the extra money she earns to travel and spoil the grand kids.
Having studied the psychology and behavior of boomers, this example represents a major shift in my thinking about the industry. I no longer perceive these types of opportunities as money-making pyramid schemes. Instead, I now see it as a way to enhance many of the personal aspects of retirement that are rarely discussed let alone planned for, with the added benefit of supplementing other popular retirement income sources such as pension and social security.
Daria M. Brezinski Ph.D, a practicing psychologist and former marketing director for a multi-level marketing magazine, echoes these sentiments. “Many people don’t realize that multi-level marketing companies are successful because they help people satisfy a number of important human needs, including feeling significant, having connections, learning something new, and making a difference. I have heard people in network marketing say again and again, ‘I’m doing this because I’m meeting amazing people … making so many connections … and I feel so good about myself.’”
Dr. Brezinski’s point is well taken and easy to see practiced by popular network marketing companies. Many MLM and NM companies tout a three-to-five year plan to attain freedom and wealth, yet many of the people running company meetings have been in the business for five or ten years and still haven’t left their full-time job or landed on easy street. “As it turns out,” Dr. Brezinski notes, “when other human needs are being met, the members and consultants don’t focus solely on the financial aspects.”
Continuing my interviews, I challenged three others who are in the business to be straightforward, and prove to me that the process really works. What I found was good, consistent business advice applicable to any new business.
Lorene Hochstetler, from Ohio, recommends keeping your current job while slowly making the transition into MLM. She’s been able to replace her full-time income but explains, “It didn’t happen overnight, and I still work every day. I am very disciplined with my business and wake up every day knowing what I have to do in order to succeed at this. You have to treat it like a business and be willing to follow advice from others who have made it.”
Tracy Willard of California began her MLM career out of necessity. “Prior to getting involved in my business, I told my friends to never let me join one of those things… but when our family was hit by the mortgage crisis I had to do something different.” She started her business with the intention some retirees may also find themselves. “I started with the idea that I just needed to make my month easier. My company helped me figure out what I needed to do in order to make an extra $500 per month.”
She reiterated a common theme I heard throughout the interviews. “If you treat it like a hobby it won’t pay you like a business.” She also acknowledged that, in spite of her success, she doesn’t sit around eating bonbons every day waiting for residual checks to hit the mailbox. “That’s a common misconception,” she said. “I work hard at my business every day, although it doesn’t always feel like work. Similar to other entrepreneurs who profit from their passion, she says “It’s rewarding because I found a product that has made in difference in how I look and feel… and I love selling it and helping other people start a business.”
Staci Cahill runs her Washington MLM company in a way many people can appreciate. She keeps her personal life separate from her business life by avoiding home parties, offering instead workshops that educate prospects on the products she offers. “I didn’t want to be that person others hid from because they thought I was going to ask them to host a party. I like to keep my business life and personal life separate.”
When I asked her if she was successful at her craft, she pointed out an MLM approach different from what many might expect. “Yes, I am very successful given what I wanted to get out of it. I’m a single mother who used to work 50 hours per week outside the home. Now I’ve cut it to 20 hours, which is a major upgrade for me and my family.”
As a five-year veteran of MLM, she attributes her success to the fact that, “I switched companies a few years ago once I realized that pots and pans don’t change people lives. The products I now offer has changed my life and that of others… and I find a lot of value in waking up and going to bed knowing that.”
The interviews and psychological connections lead me to conclude that MLM and NM companies, along with other small businesses opportunities, are important considerations for anyone entering retirement. In fact, I believe the concept of starting a business for retirement income will become one of the most significant trends impacting retirement in the 21stcentury. But it has to start with redefining entrepreneurship and framing it into a retirement lifestyle. That means helping people find ways to turn a passion, hobby, or personal desire into extra money in their pocket… not to mention helping people see the importance of planning for the non-financial aspects of retirement such as replacing a work identity, staying relevant and connected, as well as keeping mentally and physically fit.
Something multi-level marketing as well as network marketing companies are poised to capitalize on. As a result, the industry could soon experience larger than life growth, spurred by baby boomers looking to adjust their retirement feelings and plans. Whether you’re interested in starting your own business for retirement income or helping others explore this entrepreneurial path, download our free guide: How To Start a Business For Retirement Income here
I am a retirement activist. I’m a social worker turned financial planner who uses both skill sets to help folks prepare for the mental, social, and physical, as well as the financial aspects of retirement. I’ve written a book, The Naked Retirement, run a website and webinars through the RetirementProject.org, and help investors navigate the rocky waters of Wall Street as a fee-based registered investment advisor, at SYNERGOS Financial Group.
Is Network Marketing One Of Those Pyramid Things?
It never ceases to amaze me especially here in New Zealand when you mention that you are a Network Marketer the inevitable next question is “is network marketing one of those pyramid things?”.
All businesses have a pyramid structure with the CEO at the top then senior management, middle management then the workers.
Based on that you could say network marketing is an upside down pyramid because with hard work there is nothing stopping the workers at the bottom rising to the top.
WHAT EXACTLY IS A PYRAMID SCHEME?
A pyramid scheme is essentially an investment scheme where each new participant pays into the system monies that are paid out to those who joined the scheme earlier.
In order to “get their money back,” the new participant must recruit new money into the system. Since everyone wants to get their money back, everyone keeps recruiting new money.
Like all schemes fueled by empty promises, hype, and greed, the shine eventually wears off and they go “out of momentum.” And when they do, the last people standing without enough recent new money end up losing theirs.
WHAT IS NETWORK MARKETING
First up Network Marketing is NOT a Pyramid scheme. If it it please let the likes of Warren Buffet, Richard Branson and Donald Trump know as they have all used this distribution model in the past.
Network Marketing is the distribution of products and services through a network of independent representatives. Each representative is responsible to retail and sell a small amount of product and then recruit others to do the same. Sales volume is generated through a lot of people each buying and selling a small amount of product.
Commissions are paid based on training new distributors and the consumption of products and services in the network. A company offering a product or service can eliminate the need for expensive advertising campaigns by deploying a network of individuals “who get paid for sharing products and services they love with others through word of mouth (social media marketing)
An individual seeking an income opportunity can generate an unlimited stream of commissions, through repeat business and sales within his or her growing organisation.
TRADITIONAL SALES VS NETWORK MARKETING
Traditionally if a company had a business plan of selling 1 Million dollars of product per month they might hire 100 full time sales representatives and give them each a territory and a sales quota of $10,000 per month. They would be monitored and if they didn’t perform they would be replaced with someone who hopefully could.
With the Network Marketing Model instead of hiring expensive full time sales people the company would rely on word of mouth advertising. They provide incentives to satisfied customers most of whom don’t like to sell, but are happy to tell others about the products they use themselves.. These customers are not full time or part time employees, they are some time, independent volunteers with no quotas and no protected territories. They “network” when they feel like it
Network marketing is not about personally selling a lot of product although some Distributors do. It is about using and recommending the product and getting paid to do so.
Some see the unlimited business potential and are attracted to the passive income element and go on to set up a substantial profitable business by recruiting many distributors and building a global organisation.
ROBERT KIYOSAKI’S TAKE ON NETWORK MARKETING
Robert T. Kiyosaki is best known as the author of Rich Dad Poor Dad. This is the #1 personal finance book of all time, which has challenged and changed the way tens of millions of people around the world think about money.
His book title holds four of the top ten spots on Nielsen Bookscan List’s Lift-to-Date Sales from 2001-2008 alone. In addition, Robert has been featured on shows such as Larry King Live, Oprah, The Doctors, Bloomberg International Television and CNN.
Educational Entrepreneur, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad Poor Dad, Conspiracy of the Rich: The 8 New Rules of Money, and Unfair Advantage
FREE VIEWING “RISE OF THE ENTREPRENEUR” DOCUMENTARY
So you can learn more about the Network Marketing Industry we would like to give you full free access to the documentary “Rise Of The Entrepreneur”
Rise of the Entrepreneur gathers today’s best experts and thought leaders like Robert Kiyosaki to forever change how you view work and wealth. For a very limited time, you can watch this movie for FREE
Click HERE to access
Thanks to the following for the inspiration to put pen to paper to dispel some of the myths around this amazing profession of ours called Network Marketing .
- The Four Year Career: RICHARD BLISS BROOKE
- Beach Money: JORDAN ADLER
- GO Pro: ERIC WORRE
You can access their inspirational books and buy direct from their website Here
Network Marketing Professional
Home Business Coach
Author: Profiles On Success