Difference Between Traditional Marketing And Network Marketingby Akila Wedasinghe Professional
There are many differences and similarities between traditional businesses and network marketing. Network marketing is basically a way to start your own business at low cost and with low monthly expenses. A traditional business is basically a business started with a large down-payment and the monthly expenses are high; usually you also need to have a place to store products that you stock up to sell.
Not everyone wants to start their own business; they prefer to simply work for someone else and get paid a steady monthly income check. It gives them security. However, they can be fired at any time, so they need to make sure they work very hard and make sure they are essential to the business. That doesn't make for job security, but in their minds the fact that they get a monthly check and medical benefits gives them the sense of security, and most people are satisfied with that.
If you are one of those people who would prefer to start your own business so that you can have more time flexibility and can make more money than what you can make working for someone else, you have two options. You can either start a traditional business or you can start a network marketing business. To start a traditional business you can take two routes: you can franchise so that you can have the "brand name" (like McDonald's or Subway), or you can start your own private company by filing your company name with the state, getting a local and stocking up on products you will sell, or you can start.
When you start a traditional business, you have to have money. It's hard to start a business with just $100 or $200. A franchise costs about $80,000 to $150,000, so you need to have lots of money saved up, or you need to have been born rich or have won the lottery. To start your own company, you need to rent a local and stock up on the products you will sell. Your monthly expenses will include rental of the space, electricity, phone, heating and air, and perhaps employees. You may choose to operate from you home so you don't have to rent any space, but you still have monthly expenses, so you need to decide how much these will be and if you have the money to spend that every month. For both of them you need to file paperwork every month or quarterly as well.
When you start a network marketing business, the start up cost is very low and the monthly expenses are low as well. Start up cost varies from $40 to about $200; monthly expenses vary from $50 to about $150. The company with which you partner will take care of all the paperwork, so you don't have to spend time doing that, plus they will normally stock up on all the products and will ship as needed directly to your customers. They set up an online store for you, and you only need to pay a small fee for the website every month or yearly; people who choose to purchase something from you simply go to your online store and get the products. Another cool thing about network marketing is that you get to choose to partner with people from all across the U.S, and sometimes even from around the world. The people on your team help you build your business so that you don't have to work all the time; you can also reach a lot more people with your products and services than you would if you just worked on your own.don't forget if you fail in your traditional business you gonna loose lot of money.but if you fail in network marekting your not going to loose much other than your time.
Personally, I think that if you are a person who wants to start their own business, the best way to go is starting a network style one for all the reasons I mentioned in the above paragraph. There are many available from which you can choose, depending on your passion. For example, if you are passionate about fitness and health, and you want to offer products and services to people that will help them reach their fitness goals, find a company that offers that, research it and then sign up when you are completely sure that is the type of business you want to start. Make sure you take your time to research the companies and don't sign up with the first one you are offered or see on the internet.
Decide for yourself if you want to work for someone else or if you want to start your own business. If you decide to start your own business, decide how much money and time you want to invest to start and on a monthly basis, and decide what services and/or products you want to offer your potential customers. Decide who your main target is and start spreading the word about your new business. Work hard at it no matter what type of business you choose to start, and keep going no matter how tough things may get at times. It will all pay off if you keep at it and don't quit.
If you have any question feel free to contact me
Tomorrow i am planing to talk about new business opportunities.but it's depend on your request.
Created on Dec 31st 1969 19:00. Viewed 0 times.