12/04/2021
🎯𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘃𝗲𝗿𝘀𝘂𝘀 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴
A traditional business is a local store which offers its services or products to its local customers. It is a set-up where customers will have to visit the store physically to buy the products. Usually requires you to have office space (owned or rented, buy stock, hire employees).
Network marketing is a decades-old marketing model that involves selling legitimate products at fair prices directly to consumers who need them through a network of independent distributors.
𝑻𝒓𝒂𝒅𝒊𝒕𝒊𝒐𝒏𝒂𝒍 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔
What to expect with owning a traditional business:
✳Start up costs can be very high
✳Own or rent office space
✳You will usually need stock
✳In most instances you need to hire employees
✳Normally restricted to your geographic territory unless you are an online business
✳Lots of financial risk (the money you invested)
✳Normally need set hours (during business hour)
✳You normally have to train yourself and run the various functions such Marketing, Accounts, Human Resources
𝑵𝒆𝒕𝒘𝒐𝒓𝒌 𝑴𝒂𝒓𝒌𝒆𝒕𝒊𝒏𝒈
Here’s what you can expect with network marketing
✅Office space not a requirement (work from home)
✅No employees
✅Low start up costs
✅No stock required (minimal if any)
✅Work from anywhere in the world
✅No territories
You set your own hours
✅Free training and solid support system
✅Work part-time or full-time (while you keep your 9-5 job)
✅No risk
🎯There is a high failure rate in both business models. Research, consult your business advisor and decide which route to follow.
For the average person who needs a business with low start-up costs, network marketing is a great opportunity. On the other hand, if you have a dream to start a certain type of business, go do it.
Network marketing is not perfect but it’s a better way.
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