You are thinking about starting a business and you are wondering which direction you should head: Brick and Mortar store front business or Network Marketing company. First, congratulations on taking the first steps- having the desire and researching it- into leaving the rat race and starting the rest of your life. Once you have that taste of freedom, of being your own boss, you will not want to return to a regular job. Promise. I am not saying entrepreneurship will be easy, either choice you make. But knowing that you control your freedom, your destiny, your paycheck is worth the hard work.
Each person is different and ultimately I recommend that you follow your passion. Store front businesses offer a tremendous value to our society and we need people to continue to start them, run them, employ people and offer their services. However, overall I suggest joining a network marketing company over opening a brick and mortar business. Here’s why:
1. Start-up Cost: A brick and mortar business will typically cost up to a few hundred thousand dollars to start. You have to pay to lease space, remodel or decorate the space, buy inventory, store equipment and more. A network marketing company can cost anywhere from $ 20 to $ 20,000 depending on the company and the product they market. Typically, they fall in the $ 400 – $ 1000 range.
2. Employees: Depending on what type of store-front business you open, how large a business you open, what hours and days you are open, you may likely have employees. Employees cost money- lots of money. You have to pay salary or wages, insurance and workers compensation to name a few. You have to train them and trust them to provide the high quality service that you will provide. You have to spend time and effort building company moral and loyalty. In a network marketing company you are your only employee. In fact, the people who join your team are obviously also entrepreneurs, internally motivated to build their own business and your business as a bi-product.
3. On-going Expenses: A brick and mortar business will typically have heavy ongoing expenses: such as rent, bills, advertisement, compensation. It usually takes years before the owner turns a profit. You have total control of your on-going expenses in a network marketing company. You can choose how much you invest in marketing, with some people using only free sources. There’s little to no monthly overhead, depending on the opportunity, so you will turn a profit quicker as long as you do the work.
The opportunity to make money faster, control your time, paycheck and lifestyle are present with a network marketing company. If time freedom and financial freedom are what you seek, this may be the better route.
Key Doby is a successful educator and entrepreneur who teaches people the exact steps it takes to make money online, using a powerful step-by-step internet marketing system to generate ongoing leads and increase sales conversions.