Network marketers got it wrong yall! Someone who is interested in a network marketing company is interested in making money, right?
If they don’t know anything about business, they do know, at the simplest level, that retailing or recruiting is supposed to get them money.
The problem is that the same old strategies that network marketing companies teach don’t work.
When you’re doing it wrong, you walk up to strangers and tell them about a unique business opportunity you have for them?
What’s the problem? Trust. Why should they trust you? Who are you? You have no relationship with them.
You talk to family and friends by hounding them about your great business opportunity. That chases family and friends away.
The truth of the matter is walking up to strangers and telling them about your business opportunity is weird! And you certainly don’t want to ostracize your family and friends.
The truth of the matter is these things don’t work. Have you looked at the failure rate of network marketing and wondered why?
A Different Reason For Joining A Network Marketing Company
So what would happen if we approached a person, family friend or family member or even strangers in a different way?
People really DO want to make money. But most people have a negative image of network marketing.
It’s a pyramid scheme or it’s a ponzy scheme or they don’t like sales.
And when they find that out that sales and recruiting is not that easy, they typically lose enthusiasm, motivation and steam and then they quit; some quicker and others, but inevitably they fizzle out…no sales, no recruits, no money.
But What If We Used a Different Approach?
Network Marketing is a business and you can run it like a business out of your home.
What if we taught people the basics of running a home based business first, then how much more successful would they be?
How much more interested would they be when approached, if they knew about all the various aspects of running a business that could save them money, even if they don’t immediately make money?
How is that possible you’d ask? Well let me tell you what I’ve learned over the years.
Even when recruiting and sales are slow, knowing how to save money or recover yearly expenses in their home based/network marketing business will give them encouragement.
The drop-out rate for recruits in any network marketing business is depressingly low. Saving money, however, is incentive to not give up when you’re getting something back for the hard work you put in.
Start Your Own Business
Joining a reputable network marketing company – besides learning the basics for your particular company, (products, compensation plan, getting to know the leaders, etc.) what if we taught our team to save money.
Save Your Money With Tax Breaks
What if we told them you can write off expenses and possibly get money back on your return?
Even if you don’t do well in the first year of your business, you can still write off your various aspects of your business.
Every Person wants to SAVE money.
If you’re in a network marketing company, besides learning the basics for your company (products, compensation plan, etc.) here are some tax breaks and deductions you can do yearly as long as you run your home based business/network marketing company (in this case).
- Your original investment in your network marketing company. Most companies have an incredibly low cost to join in comparison to a brick and mortar business. If you join a network marketing company for $399, you can write off that $399. Whatever you spend, you can claim.
- If you purchase products to retailing and or for display for your shows – you get to write that off.
- Travel – If you travel to places (homes if you’re doing parties, business trips, business dinner), you can write off mileage and gas and paying for dinner. These are business expenses. (If I take someone out to dinner to discuss the business, I can write off that dinner.)
- If at the end of the year, you still have products that you have not sold, you can write those off as a loss.
- Business cards, stationary supplies, cell phone expenses if you use it for business, your internet.
- Buying supplies, stationary, including computers, printers, computer monitor, ink for printers, pens, pencils, storage devices, etc. Since I use my computer for business, my computer, printer and all supplies printer was a tax write-off.
- Phone calls made for your business. Follow-up, call-backs, calling leads – all costs for phone is a write off.
- The section you have designated as your office (within your home) using electricity, gas, etc. – a tax write off.
- Any internet marketing, websites, domain names, monthly internet expenses – all tax write offs.
- Any advertising, including Facebook, Twitter ads, article writing expenses – all tax write offs.
Pay particular attention to the last bullet. The IRS website which describes here how small business and self-employed can get deductions and why states “Taxpayers must determine the actual expenses of their home office. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. Generally, … deductions for a home office are based on the percentage of your home devoted to business use. So, if you use a whole room or part of a room for conducting your business, you need to figure out the percentage of your home devoted to your business activities.”
F.Y.I. – your accountant can help you do this.
I found this out about this after I joined my first network marketing company, 7-8 years ago and I was astounded the first year that I got a whopping $5,000 return. My returns have varied over the last 6 years, but only once did I have to pay some small amount back.
My income for the year from my network marketing company was about $1200 from recruiting and sales, but I worked my hinnie off talking to people, taking them to dinner to discuss, setting up a special area of my home to do business.
There is so much more. I am not a tax accountant. I can only tell you from my own experience of things that I have legitimately written off allowing me to save money and/or get a tax return – all based on my home based business which happened to be a network marketing company.
So it’s not just about joining a network marketing team and trying to recruit 3 or 5 of whatever the old strategies teach as you try to get rich.
It’s not about retailing products, getting someone to buy gold , coffee, or whatever the latest network marketing gig.
If you are still working your business the good old fashioned network marketing way, by throwing parties, beating the payment, chasing relatives down, you need to talk to me.
I’m working a different strategy and a different approach.
I’m an Internet Network Marketer, using learned and smart internet techniques to recruit and save money in order to make money.
I can help you bring your network marketing online to target and reach more people.
I’ll teach you how to do it too, be successful and save money in your business while you’re at it. If you’e interested, leave me a comment. Let me know what you think as well. Wouldn’t you love to save money with your business?