The Four Most Popular Business Opportunities
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What’s the quickest way to become a millionaire? If you said selling a product or service, you would be absolutely right. In fact, that’s the way most millionaires became the way, especially when they started off like everyone else… working-class.
Yet, what does a person do if they don’t have the skills or creativity to market their own product or service? They could consider selling someone else’s wares through a business opportunity. These business opportunities are expressed in four different ways: network marketing, affiliate marketing, franchising and wholesaling. Look at the sections below for more information on how each of these business opportunities work.
1. Network Marketing
When it comes to business opportunities, network marketing is the most controversial. Even though it has been responsible for creating thousands of millionaires, it is often associated with fraudulent business arrangements such as pyramid schemes or ponzis. But, if a network marketing company promotes a legitimate product or service, and they pay out their members, they really do not deserve such a distinction.
Anyway, with a network marketing company, you will usually pay a small fee to sell their products or services. You can also make a commission if you can get other marketers to join.
2. Affiliate Marketing
Affiliate marketing is the newest addition in the world of business opportunities. Basically, you are responsible for driving traffic to a company’s website, (through a special URL). If the visitors make a sale, you get a commission.
Now, in comparison to network marketing, affiliate marketing requires no upfront payment and is relatively easy to get into. However, most affiliate programs do not make use of a downline like network marketing programs. This puts an entrepreneur at a disadvantage, since they won’t get a chance to benefit from referrals. As a result, they only have one way of making money; product sales.
Franchising is a business opportunity that gives you a chance to earn 100% profit as you promote another company’s brand. However, you will need to have A LOT of money upfront, especially if you plan on franchising with a major enterprise, (such as McDonalds). Still, if you have a few hundred thousand lying around, franchising could be the business opportunity that quickly propels you into millionaire status.
Wholesaling is the oldest of business opportunities. You buy items in bulk from a wholesaler. After that you sell them through your company. You can do this through a store or online.
If you have a little bit of money to spend, yet not enough for franchising, wholesaling might be a good alternative. This is especially the case if you want to maintain your own unique brand.
"Dr. Robin Rushlo", is a well known MLM Radio personality and is nationally recognized as an expert in the network marketing business.He is the current host of the radio show, "Networking with the Blindguy"live daily from SEAD RADIO Network,providing Success and Retention Training for the network marketing industry brought to you at the Successful People Builders Network