I would rather earn 1% off the efforts of 100 people than 100% off the efforts of myself
by J Paul Getty – Oil Magnate Billionaire
Worldwide there are over 100 million individuals involved in networking representing over $180 billion in annual revenue.Some well known Fortune 500 companies that have offered products and services through networking include: Bausch & Lomb, Coca-Cola, General Electric, Motorola, AT&T, MCI and Xerox. Clearly, networking is the trend of the future .
Why, is network marketing a good idea? The answers are simple. By building a business based on repeating sales, you are building residual income. That means that even if you don’t go to work on a given day, there are still people in your organization who are working and generating sales. Even while you sleep!
It’s Your Move. Many well known authors, including Richard Poe, Mark Victor Hansen, Bryan Tracy and Robert Kiyosaki, have extolled the virtues of network marketing.
Entrepreneurs such as Warren Buffet and companies like Virgin, Sara Lee and Time Warner are buying network marketing/direct selling companies. According to Buffet, “dollar for dollar, it’s the best decision I’ve ever made.” Fortune Magazine called the industry, “the best kept secret in the business world.”
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At age 50:
- 75% of the population has less than $5,000 in the bank for retirement.
At age 65:
- 45% of Americans depend on relatives
- 30% depend on charities
- 23% are still working (most can’t afford to quit and work until they are no longer physically capable)
- Only 2% are self-sustaining
At the current time:
- It is impossible for Americans to support a family of two working full time at minimum wage these days
- For the first time in history, the current generation is averaging a lower standard of living then their parents did
The Bureau of Labor Statistics also states:
Out of 100 people that start working at the age of 25;
- by the age of 65, 1 is wealthy
- 4 have enough money to retire
- 63 depend on social security or charity
- 29 are deceased.
One of the most disheartening statistics is this: 95% of people, age 65 and over cannot afford to retire and work until they die.
Multi Level marketing statistics suggest that the industry is in its hyper growth stage; it’s the perfect time to invest your time, effort, and money in this business. Take the time to consider the multilevel marketing statistics from the Direct Sellers Association:
According to their multilevel marketing statistics, there are around 100 million people in the entire world engaging in the network marketing business. Within the last few years, multilevel marketing statistics suggest that the industry has over a hundred and sixty eight billion dollars in terms of sale, with the actual amount of profits not falling far behind.
Multi Level marketing statistics also suggest that there are 100 countries all over the world doing multilevel marketing businesses. If we put that figure against the number of people doing multilevel marketing business, that will be around two million people per country. If you are afraid to invest your time and energy into a business that you fear is not doing well, then you can banish this irrational worry. Network marketing is as strong as ever in hundreds of countries, and if the industry is bound to go down, the others will have figured out if the trend is spiraling downwards. According to these multilevel marketing statistics from the Direct Sellers Association, the industry is as robust as ever.
Perhaps the most convincing multilevel marketing statistics is the fact that the network marketing industry has grown by ninety percent during the last ten years. There are very few global industries that have had the same growth over the same period of time. If you are curious about the nature of this kind of growth in the industry, the answer is quite simple: there are a growing number of people who are tired of working boring corporate jobs and there are more people who want to earn more than they currently do.
More and more people are getting tired of corporate jobs that take too much of their time, robbing them of much-deserved time with their families and loved ones. Quality time is fast becoming passé—more people want to have the quantity of time to spend with their families. Forecast Indicates CBD Global Market Projected to Experience Continued Significant Growth (MarketNewsUpdates.com News Commentary )