Network marketing is a $180 billion dollar industry, worldwide. That’s worth more than the NFL and the U. S. movie industry combined.
“What exactly is network marketing,” you might be wondering. “Doesn’t all marketing make use of networking?”
Well, yes, technically all marketing is network marketing. The term itself is a new way of describing multi-level marketing.
“Isn’t multi-level just another name for pyramid schemes,” might be your next thought. That’s where you’d be mistaken.
Network marketing might be a popular configuration for parents working from home in their spare time. That’s not all that network marketing is and does, however. Especially when you find the best network marketing companies to join.
Network marketing is a fantastic way to break into entrepreneurship. It’s similar to owning a franchise, where all the preparatory work is done for you. It’s also a good choice for people looking to supplement their income.
There is money to be made in network marketing, when you know how. We’ve compiled a few of the best network marketing companies to join, for burgeoning entrepreneurs or if you’re simply looking to make a little extra cash on the side.
The Benefits Of Network Marketing
Before we begin taking a look at the best marketing companies to join, let’s stop and make sure this is the best business model for you.
Not everybody has the ability to start their own company from the ground up. It’s not always the best way to go about starting a business, even if you have all of the resources necessary to leap into entrepreneurship.
Entrepreneurship Is Not For Everybody
Entrepreneurship is attractive for the promise of freedom it offers. It’s difficult to maintain a life/work balance when working for someone else. This leaves a lot of people unable to earn extra income due to restrictions, whether that’s family obligations or geographic limitations.
This causes a lot of entrepreneurs to leap before they look. They go into business with no formal training in finances, marketing, or management. They also might start a business without a business plan, which is like building a house on a cracked foundation.
Don’t Have To Worry About Employees
Labor accounts for up to 80% of a business’ expenses, on average. Network marketing is a way to go into business without having any employees. This can always change as you begin to grow, expand, and diversify.
Don’t Have To Worry About Inventory (Or Warehousing)
It can take a lot of time, money, and resources to build your inventory. This can delay your dream of being self-employed for years, in extreme instances.
Network marketing eliminates this delay entirely. The best network marketing companies to join will supply you with all of the inventory you need. They’ll also give you the tools and resources you need to succeed.
Network marketing also reduces the need to warehouse physical inventory. The best network marketing companies to join will replenish your back stock periodically. This eliminates the expense of having to pay for outside storage.
Network Marketing Is Self-Directed
Most of us don’t go into business for ourselves to be micromanaged by business partners and bosses. The best network marketing companies to join let you work when you want for as long as you want.
Even franchises and the gig economy place restrictions on how you run your business. Network marketing gives you a taste of what it’s like to be your own boss. You’ll make your own mistakes and celebrate your own victories!
These are just a few of the hundreds of benefits of network marketing. Now let’s take a look at some of the best network marketing companies to join, if you’re ready to begin your journey into being self-employed!
The Best Network Marketing Companies To Join In 2018
The best network marketing companies to join will possess some combination of an established reputation and innovative ideas. Established brands like Avon have the name recognition but there’s also a lot of competition.
Like any business, the best network marketing companies to join requires an understanding of the niche you’ll be entering. It also means having an understanding of your local markets, giving you an insight into what will succeed in your area.
World Ventures is one of the best network marketing companies to join due to its simple premise and light-hearted approach. World Ventures is a travel marketing company with a unique angle. It’s designed to appeal to millennials and young audiences looking to experience the wondrous world we live in.
World Ventures makes the most of both influencer marketing and user-generated content. With their DreamTrips, they encourage travel enthusiasts to post their travel photos in exotic locations simply holding a sign reading “You Could Be Here.”
Simple, but effective. World Ventures also takes advantage of the power of curation, with its members and business owners hand-selecting tours and vacations all over the world.
Health and self-improvement will always be profitable niches, as long as there are struggles to overcome in life. Beachbody takes advantage of this fact with their blend of fitness coaching and wellness products.
Beachbody is a bit heavily branded for some network marketers, with the emphasis on their Beachbody nutritional shakes. It may not be as diverse or customizable as some of the other multi-level marketing companies out there, but considering the popularity of the self-improvement industry in 2018 it’s still worth a look.
A candle party might not sound like the wildest night on Earth. It might even sound like something straight out of the Real Housewives Of New Jersey. That’s overlooking the fact that nearly anybody can benefit and appreciate a relaxing, peaceful addition to their home or office.
PartyLite is a fine way to bring some holistic health to your friends and family. It’s set up similarly to classic network marketing companies like Mary Kay.
Candle parties are actually a fun, stress-free way to hang out with your loved ones and make some sales. PartyLite is a useful income stream to have in your portfolio, especially if you’re just starting out.
Things come full circle with Digital Altitude, a networking marketing company that is also a marketing organization. Digital Altitude gives digital entrepreneurs all the tools they need to succeed in e-commerce and digital marketing.
It’s set up with a multi-level marketing structure, letting business owners recruit new employers and earn a signing bonus. Each level has its perks, from 24/7 access to life coaches to help with business planning and decisions.
Digital Altitude is pricey, but the products and services it offers as a part of their network are inherently valuable. Digital marketing tools often boast a hefty price tag. Having them included as a business perk is reason alone to qualify Digital Altitude as one of the best network marketing companies to join.
Younique is another company taking advantage of established business practices and blending them with modern marketing techniques. Younique is a cosmetics company, which is a popular niche for network marketing. Business owners grow their network using social media marketing and word-of-mouth recommendations, which is the innovative part.
Younique pays regularly, which is one of the things that makes it one of the best network marketing companies to join. Business owners can essentially earn royalties the moment they make a sale. No need to wait to reach a preset limit or for a certain amount of time to pass.
Given that time delays and pay limits are some of the ways that unscrupulous companies avoid paying, Younique’s frequent payments is reason alone to recommend them.
That’s not even to mention that you’ll be helping to bolster people’s self-image and confidence. Encouraging others to look and feel their best is a rewarding way to earn an income. That’s one of the best parts about Younique and makes them one of the best network marketing companies to join.
Financial network markets aren’t very common. That doesn’t mean they’re not a viable business configuration, however, as can be seen with Primerica.
Primerica is a network marketing that allows business owners to profit off of employees selling financial products. These products include life insurance policies and wealth management products.
Considering the uncertainty of the financial market in recent years, wealth management resources like Primerica are likely to continue to grow. Primerica reported a revenue of $1.27 billion in 2013, so clearly they’re doing something right.
There are a lot of different kinds of network marketing companies out there. No matter what kind of entrepreneur you’re hoping to be, there’s a network marketing affiliate for you. Finding the best network marketing companies to join gives you a taste of entrepreneurship without having to build everything from the ground up.
Ready To Get Started With Network Marketing?
Network marketing gives you everything you need to succeed in business. You’ll learn the fine art of sales and marketing, practicing with people you’re comfortable with and in an industry you’re passionate about.
Learn more about network marketing today, and get started on your journey towards financial freedom!