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Franchise like Opportunity without RISKS! With franchise opportunities, you have to invest a large sum of money in order to get started with opportunity. This is a major draw-back for many budding entrepreneurs home-based or other wise. You also will need working capital to get business up and running. These two factors are major stoppers for most people. However, upside is that you will be purchasing a business model that has already been proven to work. You also will have to be their every day to ensure success of your franchise. This is your new job. Once you have made your first venture a success, you can expand that success by purchasing another franchise and duplicating what you done in your first venture to ensure success of your second venture. After success of your second venture you can then repeat process and hire managers to run your other franchises. If this is done successfully you may become a franchise Billionaire Tycoon but how long will this take is question?
On other hand, network marketing opportunities cost far less than franchises. With mlm opportunities, you get a proven business system providing company have been in business 5 or more years, financially stable, well managed, and support its network marketers. Let me also say that there are some risks involved with mlm companies as well but they are minimal as compared to franchises. Read your company’s policies very carefully and abide by them when conducting your business.
Once you become successful enough, you can then hire employees, which will add more risk, or outsource some or all of your marketing and/or office duties to free up more of your time for your family and other personal matters.
Network marketing, in comparison to franchises, gives you a proven system without a huge financial investment and minimal risk is involved. Therefore, I say that for average people, network marketing is a Smart Business Concept that levels field for everyone to earn extra income and build wealth from comfort of home.
Special Skills As in previous paragraph, a franchisee will need necessary business skills to run their new venture to ensure its success. However, a network marketer needs no special skills to run their multi-level business opportunity. Any skill a network marketer may need, they can learn while running their mlm business from their marketing plan. If no such marketing plan exists for company you choose to join then I strongly suggest you find another company FAST!
In conclusion, network marketing makes smart business sense for anyone wishing to start a home-based business. The benefits are many such as, it cost next to nothing to get started, you get a proven system like you would if you bought a franchise opportunity, and you can be in profit in months rather than in years. Therefore, if you desire more income while still working a 9 to 5 job, or to build your retirement income then you, my friend, should seriously consider network marketing as your vehicle for you and your family’s financial well being.
Kelvin R. Shaw is CEO of Global Team Success whose slogan is GTS – Connecting You to SUCCESS! (dba Shaw Marketing International), is a part-time freelance writer marketing FREE successful home-based business opportunities in Orlando, Florida. Visit his sites at www.gt-success.com and www.consumers-global-network.biz or reach him at Kelvin