What is Network Marketing all About…?!? Wonder what the statistics are on how many people succeed in Network Marketing? Do a lot of people actually make it work? Let’s look at why the Network Marketing industry is exploding and the numbers that explain it. The Great American Dream is gone. Official U.S. government reports point out that more than 3.5 million jobs have been eliminated in the past 10 years. Including over 2,000 jobs/day last year alone. More frightening; an estimated 55% of all jobs created in the next 10 years will be near min wage. Currently, 90% of all the people in the US earn less than $40,000 a year and today’s two-income family are not living as well as their parents did. Check out these economic facts: 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% still working (most can’t afford to quit & work until no longer physically capable). -Only 2% are self-sustaining. At the current time: -It is impossible to support a family of two working full time at minimum wage. -For the 1st time in history, the current generation averages a lower standard of living than their parents. 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. Well isn’t that great news? There is a solution though. Since the beginning of the MLM industry in the ‘50’s there have been six recessions in the U.S. of different degrees. With each recession the MLM industry has experienced significant growth because as the economy goes, Network Marketing goes the opposite. Currently our economy is just coming out or going into another official recessional period, depending upon who you ask. Once again, indicators are showing that the MLM industry is beginning another growth trend here in the U.S. Many MLM companies, large & small, have experienced record growth in overall sales & sponsoring in the last year. Furthermore, with the start of the New Year many of those same COs see even greater growth month to month. So why does the MLM Industry increase during dn economic times? Simple; more people looking for another stream of income. More potential business partners in a recession because of the uncertainty of their current and future financial situation. Many have lost their jobs, had their wages or overtime cut back or simply are concerned that they may be next in line for being laid off or cut back. For those that are financially stable, they are realizing that they may no longer be safe and that additional income wouldn’t be a bad thing. The MLM Industry gives the average person the ability to create residual income, the king of all income, meaning that it comes in, month after month, for work that one did once in the past. It also provides this opportunity with a much smaller investment than what it would take to build a “brick & mortar” biz. There are many that are able to build a large income in the MLM Industry that provides full financial freedom, but for most people, the average bonus check is between $500-$1,000/month which equates to supplementary (read college fund or fun fund) income for mass amounts of people. Because of this ability to generate extra income for the average person, there will be a rush into this Industry over the next several years. People will need alternatives. So you can see for yourself, the following are the official Network Marketing statistics in the U.S. going on around you (Direct Selling Association & U.S. Census statistics): -Someone starts a new home business every 10 seconds (U.S.). -15.8 Million people working from home full-time (U.S.). -Another 38 million or 12% are working from home part-time (U.S.). -8,493 new home businesses open every day (U.S.). -Increasing by over 600,000 people per year (U.S.). -82% of distributors are female and 18% are male (U.S.). -By 2015, an estimated 50% of homes will be involved in the MLM Industry (U.S.). -$28.56 billion in Direct Sales (Network Marketing) in 2010 (U.S.). -23% of all Network Marketing sales are related to the Wellness Industry (U.S.). -Average work from home income $59,250 per year (U.S.). -20% of home based entrepreneurs said their biz grossed bet $100K-$500K last year (U.S.). -Home based business wage earner’s success rate is over 85% compared with small businesses like retail shops and restaurants, at about 95% failure rate after 5 years. -84% recommend working from home to others (U.S.). -29% work at home with other family members (U.S.). If you thought U.S. Network Marketing statistics were good, World-wide MLM statistics are even more explosive!
Posted on: Tue, 18 Mar 2014 18:20:23 +0000
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