Starting Small Business; Why a Network Marketing Opportunity Is Your Best Bet

Starting a small business can help you be prepared for the worst. Many people are looking for options to generate extra cash In light of our current economic crisis. For most people, the term 'job security' is a thing of the past. All you have to do is pick up a newspaper or go to CNN and the headlines tell the story.

1. United Airlines lays off 900 pilots. Pilots take a 50% pay cut and wages are frozen. Stock price which was once at $60 is now down to $12.

2. Delta and United pension plans go bankrupt and are taken over by PBGC, the federal insurance program. This results in 50-75% cut in retirement benefits. Very affluent pilots who had their plans set on generous pensions are now left with a very meager one.

3. Rumor has it that the U.S. Post Office borrows money to make payroll for its employees. In addition 20,000 clerks were laid off due to the high price of gas. Morale is at an all-time low.

Used to be government jobs were the most secure. It appears no one is safe from cost cutting.

4. MacQuerie bank due to the mortgage crisis packs up and goes to Australia. This was one of the most stable banks in the US. Given the uncertainty of the economy, the bank chose to leave for greener pastures.

5. Outsourcing is the norm for many large corporations. Hewlett Packard, up until a few years ago was a company that prided itself on rarely having to layoff employees. Now, employees there live with the constant threat of lay offs and more outsourcing! The lay offs seem random and the process used is never revealed. I know first hand because my husband has been an employee there for 25 years.

Layoffs have occurred as recently as this month.

6. Sallie Mae and Freddie Mac are rescued from collapse by the US government.

Are you protected from possible economic catastrophe should the worse case happen to you and your family? Job security in most job sectors plainly doesn't exist any more.

Is there a solution that defies becoming a statistic in our current economic state?

Absolutely!

That solution comes by starting a small business! Okay, Okay, you're thinking that starting a small business requires quite a bit of capital. Not necessarily!

There is a better way!

Starting a network marketing business can be the right solution and here's why:

1. With a network marketing opportunity you can begin a new business today simply by enrolling in your best network marketing company. Do your homework and find the company that best fits your needs.

2. With a network marketing opportunity the startup cost is minimal when compared to owning a business. With most companies the investment is usually less than $1000. Where else can you start a business for this minimal investment?

3. You get all the tax advantages of working from home. Your tax accountant can give you all the details. Usually, the write offs are significant.

With the price of gas skyrocketing you have the additional bonus of saving wear and tear on your car and all the time and expense of commuting to work each day - including the headache of dealing with rush hour traffic.

4. Very little experience is needed to begin building a network marketing business. Most companies provide excellent training on the compensation plan and their products.

You will need to invest in training in the area of marketing since most network marketing companies rely on word of mouth advertising. The Internet has created many opportunities to learn low cost to no cost internet lead generation.The good news is you can earn as you learn.

5. There is unlimited earning potential. The sky is the limit.

With a job you trade dollars for hours. And there are only so many hours in the day. So your income is limited by this fact. Not so, with a network marketing business. As you recruit distributors into your business and they make a sale, you have the potential to earn passive income off the efforts of that person. In many cases, you will also earn passive income from other distributors that join as a result of that initial distributor. The more people you enroll the more you'll earn.

6. You can build a global business. Using the power of the Internet, this has never been easier.

7. The most notable benefit of a network marketing business is the ability to generate passive also known as residual income. Most people don't understand how significant this can be,

Let's say you generate about $700 per month in residual income in your network marketing busness. Assuming an 8% rate of return you would need an asset valued at $100,000 to get that same rate of return. Not bad at all!

Now more than ever, it makes sense to start a small business. A Network Marketing business has many attributes that make it the most logical way to go if you are wanting to develop financial independence.

For solutions and strategies when starting a small business using the most updated internet marketing strategies contact Dianne at diannethomsen@q.com.