Here is an interesting fact. Did you know that the fastest expanding industry in the height of the recession is direct sales through Network Marketing or MLM,(Multi Level Marketing)? In the USA there are over 15 million participants in companies that use this ‘personal use and referral’ method of marketing a product or service, over  the conventional advertising, retail model.

The main reason why Network Marketing is ‘on the up’ is that it provides a relatively inexpensive way for individuals to start a business and replace income that  may have been lost through shortened hours or redundancy in these tough economic times. I say ‘relatively inexpensive’ in relation to the normal start up costs of a new business such as franchise or conventional sales be it Real Estate, Insurance etc. Network Marketing companies usually require only a few hundreds pounds to join (in the UK there is a limit of 200 pounds put on MLM company stock purchase in the first 7 days), which includes a sign up fee and some product to sell.

Training is usually free in a Network Marketing company, provided by leaders in the company who have a financial interest in helping you succeed. This contrasts with costs and expenses for most of the recognised commission earning sales positions such as insurance and real estate where training and licencing can cost a new entrant  reasonable sums of money.

The critics of Network Marketing also point to the drop out rate in the industry quoting statistics that upwards of 70% of people fail at their new business. What the critic fail to point out that these statistics fall into line with virtually all other forms of self employment including those mentioned above. They also mirror the drop out rate for students in their first year of college.

So the next time some-one offers the chance to look at a business opportunity, rather than dismissing it out of hand, you may be wise to consider what is on offer. Millions have benefitted from an extra income ranging from a few hundred pounds a month to substantial life changing increases. Focus on the company, the products involved and whether they fit with your lifestyle because you never know when something may cross your path that will change your life forever for the better.

Post provided by New Network Marketing Business Opportunities