Most people have the wrong impression of what Network Marketing is, or what Multilevel Marketing really is. Network Marketing is a strategy use by companies to share their products and services via, television networks, radio networks, social media networks, etc. Multilevel represents the various stages or different levels of marketing used for product display. Both techniques are used as an investment strategy for business, and people to use as a way to leverage incomes, career or business changes, and or build a private franchise that will create residual income. Smart investors who turn themselves into a business, know this is the greatest way to recycle your income by using all the tax breaks that come along with doing so. network marketing, coupled with companies that will allow people like you and me to buy their products and services, and market and share them to our network of people, and they share with they’re network of people, a so on, are giving more and more families freedom from financial worry.
I will try to explain how the wealthy use network marketing as a strategic investment vehicle, and how they take advantage of all the tax breaks of investing in these particular assets, to continue to recycle their incomes
The financially savvy individuals who are looking for a 20%+ return on their principal investment, are turning towards network marketing as another investment vehicle for sustained long-term leverage income. Since big companies are looking for more cost-effective ways to advertise. Word of Mouth advertising is slowly gaining ground with big companies due to the higher levels of retention for business, and the sustainability word of mouth advertising provides. The network marketing industry is great for building a duplicatable private franchise. Even if you don’t have a lot of money to invest, but you’re willing to learn, you’ll be able to turn a simple $100 one time investment into a residual income that will pay you for the rest of your life. Every intelligent individual who’s looking to build assets that will pay them whether you work or not, building a home business using network marketing is the easiest way to start.
If everyone knew about the great tax advantages you could benefit from by turning yourself into a business, then taking your profits and Investing your money in assets, this is the best way of protecting your money, and you can defer or eliminate paying more than 10% in taxes annually. Learning how to become a business owner and investor are the only ways of really reducing taxes. But, just learning about taxes, network marketing, and business alone won’t help you without the proper knowledge of how to keep track of your Income, Expenses, Cash-flow, Assets, and Liabilities on an income statement and balance sheet. Which is the best tool to use to manage your own finances. This tool is the best to manage and eradicate bad liability.
(One way to know if you have bad liability; if you’re paying on anything, and you stop paying on it, then you have it taken away or you lose the privileges associated with it… This is an example of bad liability, and you need to get rid of it, or turn yourself into a business.)
Building a home business via networking, is not for everyone, especially those of you who are not willing to learn more than you now know. This industry is not about who you know, its, about who you don’t know. But, you have to be willing to expand yourself on all levels of personal growth to deal with the responsibilities of being able to reach all types of people. Grow into the man or woman you need to be, to become a successful home business in the network marketing industry.
What is network marketing? It is the smartest investment strategy around. But without proper education people will not have the success desired. This is what creates the wrong impression about becoming successful building a home business using network marketing. Increase your education on the tax advantages associated with a home business. Also, be willing to learn how to become the man or woman you need to be to lead a profitable home business. It’s not as complicated as it may sound, because if you’re willing to put in a little work building a solid team of home businesses you will be come successful beyond your dreams.
Thanks for reading… The one good thing about having a home business in Network Marketing / MLM is, all the products and services you pay for, and use through out the year, you get back on your income tax return annually. Your actually getting FREE products and services. And there’s no limit on the number of network marketing company products and services you can sign up for. Article Source: http://EzineArticles.com/7640441