Keyword In The Title
How to build 8-figure passive income network marketing business is a 3-part post that will take you from ground zero to choosing the right network marketing company, launching and building a successful network marketing business .
Network marketing, also known as Multi-Level Marketing (MLM), is a business model where independent investors buy into a company and earn a commission on the products they sell.
The profession appeals to many people because they can be their own boss, set their own hours, and work towards their own success.
It is a big commitment, but network marketing can be a very lucrative career.
In the last decade, there has been many self-made first generation millionaires from network marketing business worldwide.
However, majority more tried but never made it to the top and quit before having a chance to succeed.
Truth be told, many who enter into network marketing business do so with the wrong motive. They think network marketing business is for the lazy people.
They join, hide under their upline and expect the magic.
If you have tried before and fail or if you are just considering the opportunity, you are in the right place.
This 3-part network marketing guide post challenge you with a powerful question: Are you living the life of your dream?
The truth is, most people don't.
Most people's lives are owned by a job of some kind or another, a job that fills their time but not their bank accounts.
There's a different path you can take, a path that can lead you to financial freedom.
You'll read about that path in this post.
What does ―financial freedom mean?
Different things to different people.
For some it means great riches.
For most people, financial freedom is time freedom - being able to choose each day the activities that most nourish them and the people they love.
That's what it means to live the life of your dream.
Before I go on to share with you how to build 8-figure passive income network marketing business in this 3-part post, let me briefly discuss some isolated keywords in the title.
Keyword #1: 8-Figure
Someone who earns $10,000,000 and above would be 8 figure income annually. This can also be in your country currency.
How quick you get to 8-figure network marketing business depends on different factors but you will learn that in this post.
It took over 100 years for Coca-Cola to earn the brand value it has today with traditional marketing and just 15 years for Google, 10 years for Facebook, 7 years for Flipkart, 4 years for WhatsApp to reach its present brand reputation with digital media.
So when you embrace the modern method of internet network marketing promotion, you can reach 8-figure network marketing business sooner than you expected.
Keyword #2: Passive Income
Colloquially, it‘s been used to define money being earned regularly with little or no effort on the part of the person who's receiving it (Dictionary.com).
Passive income, when being used as a technical term, is defined as either net rental income or income from a business in which the taxpayer does not materially participate, and in some cases can include self-charged interest.
Your ability to build a network marketing passive income business will determine if you succeed or not in creating wealth.
Keyword #3: Network Marketing Business
Network Marketing is one of the fastest growing yet most misunderstood methods of moving products in use today.
By the year 2012, nearly $167 billion worth of products and services were moving annually through Network Marketing and direct sales companies.
As we progress through the 21st century, WATCH OUT!
Developing the right mindset about network marketing business can move you on the part of financial freedom.
The very first thing you have to realize about network marketing is that it is a business and all of the conventional rules apply.
Five Types of Commerce
I will now get into the basics you need to understand for your success and for the success of those you bring into your network.
Learn this information so you can easily teach it to others.
There are really only five basic methods of moving products or services:
1)Retailing. I'm sure everyone is familiar with retailing. The pharmacist, the supermarket, the department store, etc. You go into a store and buy something.
2) Direct Sales. This would usually—but not always— include insurance, cookware, encyclopedias, the Avon lady, party plans, etc. These are some examples of direct sales efforts: One person attempting to sell something to one other person.
3) Network Marketing. This is the one we shall be discussing in this book. It should not be confused with the other two, especially with the direct sales method with which Network Marketing commonly is confused.
4) Direct Marketing. Mail order, telemarketing and infomercials are in this category.
5) Online Marketing. This term covers a wide variety of ―methods of moving products or services‖ over the Internet. Websites like Amazon are online retail stores. Other models use Google AdWords, email and social media as ways to advertise.
Some might ask about a ―sixth type generally called ―PYRAMID SALES.
Pyramids are ILLEGAL. One of the main reasons they are illegal is their failure to move a product or to provide a valid service.
Pyramid schemes are merely used as a tool to circulate money.
If a product or service doesn't move, how can you even call it ―marketing, let alone ―Network Marketing?
Networking they may be, but MARKETING THEY ARE NOT!
Most objections that people have about getting into Network Marketing business are due to their not realizing the differences between Network Marketing and the direct sales methods of marketing.
This confusion is understandable because most reputable Network Marketing companies belong to the Direct Selling Association (DSA) or the Association of Network Marketing Professionals (ANMP).
You have been conditioned, perhaps, to think of them as door-to-door direct sales programs because your first encounter with them was when a distributor knocked on your door to sell you something.
There are some features that differentiate Network Marketing from retail and direct sales companies.
One very significant difference is that in Network Marketing you are in business for yourself BUT NOT BY YOURSELF.
By being in business for yourself, it's likely that you are entitled to some substantial tax breaks, especially if you are operating out of your home.
I won't get into tax advantages in this post.
Most people can get that information from their accountant or from the many books that have been written on the subject.
Being in business for yourself, you are buying the products wholesale from the company you are representing.
This means that you can (and should) use these items for your own consumption.
Many people get involved in a company at first for this reason alone, to buy wholesale.
And many of these people will get ―serious.
Do something special for yourself.
Set your opinions aside while you read this posts.
Jetro Olowole often has this to say:
“100 percent of people outside Network Marketing don‟t understand it. And 90 percent of people inside Network Marketing don‟t understand it!
This 3-part post is your opportunity to understand Network Marketing in a whole new way.
Why would that matter?
Because Network Marketing is almost certainly the best opportunity you have for financial freedom — your best chance to finally live the life of your dream.
Open Minds Have Space For Wealth
Keep your mind open while you read this simple but extraordinary posts. If you do, you will allow more than new knowledge to enter.
You will create the possibility of producing wealth for yourself and those you care about.
What do I mean by ―wealth here?
Take an objective look at the Network Marketing industry.
Global sales are running at over $167 billion as at 2013.
That's the size of a small national economy, and it's growing steadily each year.
The wellness industry itself is worth 4.3 trillion dollar.
No wonder Robert Kiyosaki, famed author of Rich Dad Poor Dad, calls Network Marketing ―the perfect business.
Creating wealth isn't easy.
And it isn't instant.
But it is simple.
The two things you need the most are understanding and persistence.
The persistence part is up to you.
Understanding is what you'll get from reading the 3-part posts below.
In this 3-part post, you'll be learning from scratch how to choose the right Network Marketing company, how to launch and build a successful network marketing business that can produce 8-figure passive income working from home or an office using the RankTribe Turnkey Business Solution and Lead Magnet Conversion Funnel.
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PART 1 - CHOOSING THE RIGHT NETWORK MARKETING COMPANY
In this part 1, you'll learn 18 factors to consider for choosing the right network marketing company.
This part is written for rookies, newbies, new prospects, those who have quit their MLM Business, those struggling to make impact in network marketing opportunity or veterans looking for new challenge.