---

Guest post by: Sharon Shirley Become an Author

Tweet

---

---

The average millionaire in America has created their wealth and has financial success by starting their own business? They probably have the traditional business model such as opening a store selling furniture, sandwiches, and burgers etc. This type of business has a high reward but has a higher risk.

So what does it take to start a traditional standard type of business? Say for example you want to open a franchise making 'ham & cheese' sandwiches for everybody. Franchises take a lot of fees to start up, it could take on average $75,000 to $1,000,000 dollars just to start, but the rewards are high, you could make as much as $250,000 a year profit.

The only problem is to start a business like this you'll need money for the licences, legal fees, buying equipment etc, and you'll have expenses such as advertising, marketing, real estate licences to purchase as well. The bottom line it takes a lot of money, but you can make a lot of money, but its high risk, this might jeopardise your financial success.

This type of business is also limited by time and space, you can only make so many sandwiches a day and can only have so many cash registers in the space available, unless you want to do it all over again and open up another sandwich bar!!

Is there a way, that's low risk but potentially a higher reward to achieve financial success?

Your success in Network Marketing & Direct Sales are not bound by time and space, like a conventional business; you are using leverage by getting paid for what you do, and for what you team does. The bigger you build your network the more value you will receive form your business. It's a great leverage profits system, for example you could open a branch office by introducing your sister in Ohio, when she starts you've instantly got a branch office!

The beauty of this system is you are earning an income even when you are not working. Start up costs is nearly nothing, costs range from $19 to $2500; it's a fraction of the traditional costs.

Benefits of Network Marketing/Direct Sales

In any Network Marketing business you don't need employees; even the top people who are earning hundreds of dollars a month have no employees. The company does the accounting, there's no manufacturing, no research and development, no warehousing, no special equipment, it's an invisible business you are building a network. You have the potential to build a very large residual income if you build out a network and people continue to buy the products and services, you continue to get paid.

The trouble is most people are not willing to put in the time to build that type of business. But remember your time and effort has to go somewhere, problem is most people will put their efforts into the traditional wage system. With Network Marketing and Direct Sales they are low risk, but potential high rewards, obviously with no guarantee. The question is where you will be in 10 years time if you stay in the wage system, trading time for money, will you let 10 years pass by without achieving your goals?

Related Articles

  What is the best way to develop my sales skills?
  Profitable Online Business Ideas and the Recession Part 2
  How can you make more of your customers open your emails?
  Contribution
  Know your magic numbers
  Social Networking or Social Distraction
  Which Social Media Tool?
  Pitfalls And Solutions When You Finance A Franchise With Franchise Financing Companies In Canada
  No Passion , No Business
  More crazy customers!
  Hacking Facebook Password with the help of free hacker tools for everyone
  Get better results from email newsletters and promotional emails
  How do I find a passionate and purposeful mentor?
  Can you afford to make your email marketing more targeted? Can you afford not to?
  Are you a Star?
  Tips for selling in hyper competitive markets
  Spam: You probably hate it but can you define it?
  Online Business and Freedom in America
  Carrying On Without Cash Flow Is Not An Option ! Analysis and Solutions For Canadian Business
  How to generate referrals

Related Forum Posts

Different Hats
Future Financial Corporation
Re: How to Promote Your Blog – The Definitive Guide to Promoting
Re: Due Diligence, Market Research.. Ahead of the curve.
Re: How to get small business loans for small business

Share this article. Fund someone's dream.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

How to Improve Your Time Management

Nicolas Cage loses Control

Compensation systems in sales organizations

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.