There have been many misconceptions about the networking businesses. The most common misconception is that it is nothing but a pyramiding scheme, a scheme where new investors lose money whilst the company earns the big bucks.
As more people share their successes in the industry, these misconceptions are slowly losing ground. As time passes, more and more people are taking part in this business window.
Networking as a Residual Income Business Opportunity
There is plenty of money that can be made from networking. Someone who is motivated and strategic can transform this into a regular income stream over time. There is a small investment needed in the beginning but as you build your network, you can rely on other people’s selling performance for your stipend.
There are different products being offered under a networking umbrella. A number of companies can be chosen from, some more established than others. Different styles of selling can also be adapted. Direct selling is quite popular but chain supply is constantly growing. The latter pertains to the attraction of bulk buying clients.
The Role of Modern Technology in the Networking Industry
There are different ways to take advantage of modern day technology. The rise in popularity of social media channels alone can turn a simple seller into a networking mogul in a short amount of time. What is great about this residual income business opportunity is that participants control their time. They choose how many hours to spend on a particular strategy.
These days, one’s time for leisure can be used in part to advertise a product or service. The first potential customers for networking companies are the families and friends of their team members. A simple post on Facebook or shout out on Twitter can translate to sales. One customer can then turn into a regular client.
Growing the Residual Income Business Opportunity with Social Media
One person can have hundreds of contacts online and these contacts have contacts of their own and so on. As products are sold, happy and satisfied clients may mention it on their personal pages. This is how one can grow the business online.
Word-of-mouth is a great advertising tactic because it comes with the assurance that a product is indeed worth trying. This can spread like wildfire. One good comment can influence other people into trying products out. The trick is to establish and maintain a good following.