The Truth about Network Marketing.
Are you a skeptic?
I’ve certainly heard some stories that would send me running for the hills. But, if you”ll give me a few minutes, let’s look a little closer at this business model called Network Marketing.
If you’ve been on the receiving end of network marketing done poorly, it’s very likely you’ll have a bad feeling towards either the person and/or the company they represented. In a ways, it’s a little like going to a restaurant and experiencing bad service, you’ll definitely not be in a hurry to return and may even tell others to give it a miss to. But, hopefully, it wouldn’t stop you dining out elsewhere and enjoying the act for visiting resurants.
I’ve had friends refuse to buy oils through a wholesale account due to a negative experience from years ago. And other’s afraid to share life changing products with friends because their worried of judgement, for representing a Network Marketing company. Still more with pretty sad stories, that I can completely understand there caution and hesitation at using and recommending doTERRA.
This article is written from a place of deep respect for you the reader, wellness seeker and essential oil consumer. This is for you. I hope you can feel my deepest gratitude to you if you are already apart of this exceptional journey, and if you are a new reader, please know I’m very much looking forward to helping you find results with oils. But first, lets explore this blurry and very misunderstood business model.
One quick note as I’m writing, I wanted to add: Like so many things in life, we can be tempted to find a short cut to success, and my experience shows me that this is the main reason why people are hurt here, they are thinking of themselves, rather than who they can help.
Jump to the bottom to read my explanation of how networking marking done well is a viable and exceptional business model. But first lets take a closer look a jobs, home business and compare network marketing together.
In a typical job there is a CEO then Managers and at the bottom, employees. The perks are a steady income with sick pay/holiday pay and the negative would be you could never out earn the CEO and you’ll not be paid if you stopped showing up. And you’ll need to keep showing up to work, year in and year out until you can afford to retire.
Next, here a typical home business model. There’s a large start-up cost as you buy products, supplies, advertise, a venue, staff, flyers, website etc. According to Forbes only ‘80% of small businesses survive the first year’ and from the 20% left ‘Only about half of small businesses survive passed the five-year mark’. And even if they are the minority who are successful, many take no actual income for a long time as they become established.
And let’s look now at Network-marketing:
To begin with, it’s upside down from a job, as you are at the top of your own organisation from the word go. And also opposite, is that you are actually paying to have this career, this is because initially you are buying your product and a few extra items as samples and your customer base begins at zero. In truth you only earn money when you become effective at sharing how to get a result with your product and helping others get started. So, the truth is to begin with you may be working 10-20 hours a week and earning much less than if you were at Tescos, as your income is not reflecting the time you are spending. But, also true, is that this is called the ‘4 year career’, as with consistent, sustained effective behaviour, as you hit the 4 year mark in a Network marketing business something shifts. Your income begins to exceed the hours you are working. You have tipped over and are beginning to reap the rewards of your hard work. And truthfully, when your business is mature enough, if you want to travel around the world for a year with your family, you have this time freedom as you are no longer paid on the effort you put in (rather on the effort you put in those first 4+ years).
Rather than being a scheme, it’s a delayed income stream that suits those willing to be consistent, work hard for nothing, to one day enjoy the freedom and rewards of their hard work.
It’s not for everyone, but I believe Network Marketing is the best business model on the planet, and I’m going to encourage my kids to do this on the side of their career no matter what profession they choose.