5 Myths about Network Marketing

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1. These Businesses Don’t Work
The industry is endorsed by financial experts, billionaires, forcecasters, business magazines etc. The business models are fair, as everyone gets an opportunity to expand, as opposed to a traditional business or franchise where only the owners create leverage.

2. The People At The Top Are The Only Ones Who Make Money
That’s illegal and not how network marketing businesses work. My network marketing business – YOR Health is an equal opportunity business based on effort. In good network marketing companies, members can make any amount regardless of where they are in the organization. Income is related to effort not position. 

3. It’s A Pyramid Scheme
Pyramid schemes are illegal. Network Marketing businesses sell a product and make money only on product sales, whereas pyramid schemes make money on recruiting. My network marketing company YOR Health is on the Direct Sales Association (requiring a 52 week audit of the company), and we have former FTC Councilor Robert Paul as our attorney ensuring we are safe.

4. Why Are The Products Not In Stores?
Some of the biggest companies in the world use this method of distribution, and stores are slow.

5. Network Marketing Doesn’t Work
According to the Direct Selling Association, in 2013 the direct sales industry grossed $31.63 billion in retail sales in the United States. Worldwide that number increases to $100 billion. The size of the direct selling sales force increased 5.7% to 16.8 million in 2013, a record high. The industry experienced a surge of new direct selling independent representatives at the height of the recession.

References
Direct Selling Association

To check out last weeks post ‘Are you investing in the most important thing Entrepreneurs need to invest in? They don’t teach this in school’ click on the link below
Are you investing in the most important thing Entrepreneurs need to invest in? They don’t teach this in school

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