Network Marketing - The
Business
If you are considering starting a home-based
business, the Wellness
Industry proves to be a perfect choice because of 2 reasons.
Firstly, most companies involved in marketing health and
wellness products today are adopting the direct-selling model.
This is perfect for the home-business owner as it requires only
a small amount of capital to begin with. It also
allows flexibility of time and distributors do not need to
carry stock and inventory.
Secondly, it provides recurring residual
income. This separates the network-marketer from the
internet-marketer who typically markets a digital product
online, for example. While the digital product provides a
one-time profit, the wellness product, for example,
provides a residual monthly income for the seller for as long
as the buyer keeps consuming the product. Not only that,
distributors are also paid commissions for products sold by
their downlines several levels deep, depending on the
compensation package of the company. This leverage
provides the network-marketer with multiple sources of
income.
In the world of internet-marketing,
list-building is a definite necessity. You may have heard this
term many times before that "the money is in the list".
This is particularly true for the Internet-marketing niche,
meaning marketers selling products pertaining to Internet
Marketing. Because of the one-time profit nature of these
products, internet-marketers depend on their list so that they
can market other products over and over again. If you happen to
be on the list of several of these marketers, you will realise
that they can all be marketing the same product to you whenever
something new is launched.
Many of
them are moving towards creating paid membership sites for
the benefits of recurring income. But unless these
membership sites can provide substantial value for the
fees they charge, they will not be able to sustain their
members for long.
In comparison, the wellness industry involves
real, valuable products that the targetted people need.
If they accept the value of the product which are
beneficial to their health in a certain way, these
consumers are more likely to continue buying them on a
monthly basis. There is perceived value in this product
and it ensures longevity.
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