With unemployment exceeding 10% and prospects for a new job much more scarce then they have been since the great depression, people are looking for alternatives to a traditional employment.
Lack of funds and lack of small business loans in the current economy make the possibility of owning one’s own business slim these days. But people still dream, even though it seems beyond current possibility. Even those with enough money to start a business back off in the current recession. Some just dropped out of the workforce entirely.
So for many the options remain few. Start up costs for a new company can scare even the most financially stable individual with; payroll, inventory, equipment purchases space leases, fees and on and on, a person could be invested in a business that hasn’t generated a dime to the tune of $100’s of thousands of dollars, with only a hope and a prayer of success. In many cases, due to lack of experience, or limited availability of cash, these business’s will fail, in fact only 1 out of 5 small businesses survive the first year.
An alternative to starting a business is to buy an existing one, this also can be a risky venture. If you don’t know how to properly analyze the books to verify the accuracy of what the seller is saying, you may be buying your worst nightmare. Also a person is usually selling for a reason, maybe they are about to lose their best customer, or the only person who knows how to run the equipment is about to leave, or the best salesperson is about to go to the competition taking their customers with them. If any of these things happen again it spells disaster. At the same time, you are spending a premium to buy an existing business regardless of whether the current owner has told you the truth or not about their current situation.
So one of the other alternatives is to look at is a franchise. While the risks are lower due to branding and a training methodology that is fairly well proven. You again will pay a premium for that methodology and will also; more then likely have to pay a steep markup to buy products that the franchisor requires you to purchase. Also, when funds get tight some franchisors will be less then scrupulous in an effort to get your franchise fee to keep their doors open. Even if that doesn’t happen, the added costs along with the traditional costs of starting a new business are generally high enough that it will keep most prospective buyers out of the marketplace.
Another alternative for a person who wants to be self employed is “network marketing” or MLM. MLM has a justifiable bad reputation, because although many people have made plenty of money with this system, some have been less than honest. The advantages are that a MLM industry can provide good on the job training, has low overhead costs, low start up costs and lets the owner work out of his home.
MLM credibility has been brought into question by dishonestly of those involved. Sometimes a distributor working lower on the line will not tell the truth about the products or opportunities for sales in the company or will coerce friends or relatives into joining. Sometimes those in control of the company dishonestly represent their products or their marketing opportunities. Sometimes distributors down the line just lack the training to make a go of it. In any case, MLM has suffered PR-wise.
However in almost every company that sells a product, someone makes money off someone else’s sales. For example a sales manager will make a bonus or percentage off his successful salesmen. Owners certainly make their profits from the sales of others. MLM is merely another way to market a product and get it distributed, and actually it is more effective and efficient than a store. It’s very suited for the internet age.
So an honest, well run, reputable MLM company could well be a new avenue for those currently unemployed who cannot afford to purchase or start a traditional business.
Seeing this trend, and understanding the potential of this type of marketing, there is one person who has a great reputation for being at the front of a trend and adding a level of professionalism and credibility that tends to breed success. The Trump brand has been synonymous with the best of the best when it comes to quality, the most well thought out strategies and an unrelenting drive for perfection.
The Trump name is best known for elegance in Real Estate and casinos, but will now become the best known name in the rapidly growing network marketing field. With the formal announcement of the “Trump Network”, a new level of credibility for this once shaky industry has been established.
Many top players from other network marketing companies have left them, even though they were making very good money, for the opportunity to be part of what they consider to be the organization of the future. They have seen since the formal announcement has been made that the “Trump Network” is starting to skyrocket and are seeing an intense enthusiasm from those who understand the value of the Trump name and from getting involved early in an organization like this one.
One of the stated goals of the team is to make more millionaires in the first 24 months of the “Trump Network”, then any other network marketing company in history. For those who have been out of work for many month that may be a very lofty position, but making a solid residual income to replace the job they lost is a much more realistic and achievable goal for many. As with situation where a person decides to get into business there is always risk. Getting with the right company and with a brand as strong as the “Trump Network” can help to mitigate that risk.
Find out how you can succeed and flourish with The Trump Network.