There is an old saying "When the going gets tough, the tough get going.", and if the news is right, then this is a very tough economy and the tough are getting going. Are you hiding in the house or jumping on a new Harley and getting to work? So, what are you really doing? There are places like California whose governments are really looking at the entire economy all wrong. When the tough stand up to take on the challenge, the best thing the government can do is move out of the way. Increasing business taxes and adding burdens to businesses will only shrink the economy in the long run.
Payroll taxes, business taxes, permits and anything else the city or state can charge for will act as a deterrent to growth. This creates an opportunity for a very specific market segment, network marketing. Personally as a network marketing participant I have never been what anyone would call successful. The reason is simple, I have never found a network marketing program that I liked so much I wanted to quit my business and dedicate all of my time to it. Several of my friends have and they do quite well. What I have found is a network marketing program that supports my business, and that of my clients.
You might be wondering what all of this is doing a blog about starting and building a great business. The answer is quite simple, network marketing is about the lowest cost business you can start. You don't hire employees so you don't have payroll taxes. You work from your home so you don't have to pay business taxes or permits. If you want to do it in your own name, you can start a business for just the sign-up fee.
Even if you choose to create a separate business entity from yourself, the filing fees can be pretty small in most cities. Some states like California have ridiculous incorporation franchise fees that are imposed just for the privilege of doing business in the state. Most network marketing programs can be run quite well under a sole proprietorship and DBA.
True entrepreneurs look at the barriers that the governments create and find ways around them, over them or through them. This is why network marketing is growing so quickly. Even though I'm not what some people would consider successful in network marketing, I do use in network marketing product every week in my business. This tells me there is a fantastic opportunity out there for someone who wants to take it.
The current state of the economy is something that network marketers can't help but enjoy. Just think about it for under 1000 bucks you can start a business at home that is a real business. Instead of hiring employees, you get people to pay you to join the program that you have already joined. Just like an employee every time they produce something profitable you make a small percentage. The big difference is you aren't saddled with payroll taxes or the threat of paying for unemployment if the person does not perform. More importantly you are never paying them when they don't work.
Network marketing is therefore one of the most efficient and effective business models today. When the founding fathers created this country, everybody was a contractor of some sort. Employees were paid for their work, not for their existence. If you ever hear somebody making fun of network marketing, just smile and walk away. I am personally connected to several multimillionaires who got their start in network marketing.
It doesn't matter if you're retired, a stay-at-home mom, an unemployed janitor or a college student. Anybody can reap the rewards of network marketing program. Just like starting any business one of the keys to success is to find the program you believe in and let you work your strengths. If you are McDonald's number one fan on yelp, joining a network marketing program selling nutrition products is going to make you crazy.
If you're thinking about starting a new business in 2011, start with my book to really understand where you want to go in life. Then take a few minutes to consider a network marketing based business. There are a lot of them out there, and they sell just about anything you could ever want to sell. In fact even if you don't like selling, you can be successful in network marketing. What you really need to do in network marketing is help other people find success. When you do that, you find success and happiness to. Good luck and best wishes for a great business start in 2011.
Post your thoughts on network marketing, have you tried a program? How did it go and why do you think it went that way. Was it the right program for you?
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Thank you for your insights.