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Will I have to spend lots of money?

Thursday, December 9, 2010 , Posted by Munib Shaukat at 10:20 AM


Will I have to spend lots of money?

One of the major benefits of a Network Marketing business is that the startup costs are so small, usually less than 200 pounds (UK). In fact, in many countries there are restrictions limiting the size of the maximum signup cost. This is because some unscrupulous companies were making most of their money from signing up new people, and not enough from selling products.

Network Marketing works well because practically anyone can do it, should they find a sufficiently strong drive. The ideal business opportunity will cost little to set up, and little to run. However, this is not always possible, and in most cases the first few months, or years (if you build your organisation slowly) will not run at a significant profit, if any at all. But of course that's not just true of network marketing - a substantial franchise, for example, might cost tens of thousands (or even hundreds of thousands) of pounds and will not make a profit for years.

Some Network Marketing companies encourage you to enter training schemes in order to help you build your business. There are mixed feelings about these (and, of course, they are of mixed quality). Sometimes the training schemes are run by the company, and sometimes by individual business owners operating with the company's approval. Often they run seminars, open meetings, and shows. They may sell tapes and CDs, plus books, leaflets or DVDs. Often these are of superior quality, and in many cases the business principles given are exactly those used by people who have achieved excellence in many areas of life. However, entering into a training scheme should never be compulsory in any sensibly-run Network Marketing organisation, and it can often cost a substantial amount of money - especially if you attend the larger seminars. Having said this, you will find that the people who make it to the top in Network Marketing are almost always those who listen to motivational, or self-help tapes, read plenty of books and attend seminars. The benefit of being around positive, like-minded people is enormous.

Speaking from personal experience, I have found some (but not all) of the books and tapes I have purchased in Network Marketing organisations to be of extremely high quality, and many have helped me enormously over the years. Many others have been useless, and I encourage you to check to see what any organisation you are considering has to say about returning unwanted materials. Many, but not all, organisations will offer a full refund for all undesired motivational materials, within a reasonable time of their purchase.

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