Over the years there has been massive growth in the privately owned business sector. The main question people ask is why? With the economic downturn and continuing massive labor reform (layoffs, layoffs), people are looking for alternative means of earning income. So what is network marketing? We all hear the stories of network marketing companies that seem to let people down or not lead them into the lifestyle they deserve, but it’s a business model. Below are some facts you may not know about the industry.
Facts:
- 77% of sellers have been in business 1 or more years
- 74% of American adults have purchased products from a direct seller
- 15.1 million people in the US engage in direct selling
- 29.6 billion in total US sales
- 114 billion in worldwide sales
Direct sales, network marketing, multi-level marketing or whatever the new terminology is these days has become one of the fastest growing industries in the world. When it comes to the direct sales model, most people don’t really know its history or understand its purpose. This may be why people talk about them being a “scheme or scam”.
With just these little pieces of information, you would think that people would jump at the opportunity to start a Direct Sales business. Well, I’m sorry to say most won’t. Due to the lack of knowledge and people in this new microwave world, most people want wealth now and lack the true patients to achieve more than what society has given them in the form of Higher Education and the “plan of 40 years”.
Most people aren’t really business-minded and aren’t “willing” to do whatever it takes to win at direct sales. First of all, if you’re the kind of person who needs help all the time, Direct Sales is not for you. If you find yourself making excuses about everything or blaming others for your current situation, direct selling is not for you. According to recent studies, there has been a massive shift towards home based businesses due to this uncertain time in the economy, not only in the United States but around the world.
