Does the economic situation affect your network marketing business? If you have watched the news lately, you might hear all bad reports about the economy. Fuel costs increase throughout the world. This causes escalation in costs for each type of business using fuel. The global economy causes a decrease in wages in a number of different industries. In addition to all these negative trends, unemployment is generally high.
Number one assets for most people, private residence, depreciation quickly. The requirements for mortgage qualifications have increased significantly making it more difficult to own home. Because of the challenging economy, many network marketing distributors feel they will not be able to build their business. They are worried that no one is interested in starting a home based business because of its strict financial. They are afraid that no one has initial capital to start a home based business.
This is just the result of economic myths.
How does the economy affect network marketing?
The myth of the economy is a wrong belief that if the economy generally does badly, network marketing recruitment will suffer. This is really not true. In fact, you can argue otherwise to come true. When the economy does it badly, many people who have been resistant to the concept of network marketing are now open to ideas because of the need for additional income.
Real estate industry is an example
For example, look at the real estate industry. For the past 5 years, recruit real estate agents and brokers into your network marketing business are difficult processes. The agent can really get their license, set a shop in the broker and make a full time income of part-time sells a house on the side. Many agents make six points, or even some six-digit income. Brokers generate six or seven strong numbers.
However, with home price depreciation and slowdown in home sales, the real estate industry has been destroyed. Agents that produce six lucky income generate $ 30,000 per year.
Because of this big change in the industry, real estate professionals who previously looked down their nose on network marketing now not only looked second, but they joined. Using the personal skills and development they get in the real estate industry, many of them will build large income and organizations in network marketing.
This applies to other industries too.
Network marketing provides a solution in a weak economy
Many parents want to get a second job. However, when they realize that the cost of baby care is so high that it will really remove most of the benefits obtained from the second job, it just stops being a realistic choice.
The network marketing business is a serious choice because of the ability to run a business strictly from home. It is easier to run a business from home with the emergence of many marketing strategies and internet network marketing techniques.
A bad economy is no more than the reasons used by frustrated network marketers who do not have the success they want. Don’t join the crowd. Decide today so that you will build a big business in a difficult economy. You will be very happy with this decision.