Network Marketing and the Bad Economy

January 21, 2009 by Eldon Beard

Talking about the “bad economy” is all the rage right now. Certainly, there is bad news out there. When you start seeing big companies like Circuit City shutting down and many others cutting back on locations and employees, you know everything isn’t what we’d like it to be.

You often hear that a bad economy is great for network marketing, MLM, and home business opportunities in general. Others feel just the opposite, because they reason that people cut back on expenses and are less likely to invest money to start a home business.

I believe that the current economy gives us as network marketers an outstanding opportunity. Lots of people are in fear for their jobs. Unlike the days when our grandparents worked at the same company most of their life, people now know they don’t have that level of security with their jobs. They know they could be in the next round of layoffs, or worse yet, their employer could cease to exist.

This is a great time to prospect, because people are looking for something. While they might cut back on expenses for some things, they will invest in a home business if they feel they can make money and have a future.

Find these folks and get your opportunity in front of them. Again, I emphasize, the current economic climate encourages people to find other ways to make money and secure their future. If you present the right message, many of them will listen.

Hi, my name is Eldon Beard. After years of seeing all the hype and misinformation used to promote network marketing and MLM, I created "Network Marketing Now" to present a balanced and professional approach to success in our industry. I hope you will find information and tips here that are helpful to you.I have my own successful network marketing business, and would enjoy working with you. Whether you're happy in your current business, or looking for a new business, I'm here to help. Your feedback and suggestions are always appreciated! You can learn more about me here.

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