Any business person starting or running an existing business is always looking for new business through referrals. In this article, I will explain how you can finance and start your own home business from zero cash and how to build a residual income. I admit that when we invest zero cash, sometimes we don’t take the opportunity seriously and for this to work you need to spend an hour or two or more a day working.
There is a great opportunity to become a network marketing referral agent… this is a person who refers business for a commission.
Last week I picked up a check for $4988.00 for a referral I provided for less than a day’s work. It was not a network marketing reference but a financial services product. I admit this is not the kind of income you can expect on your first trade, but it illustrates the possibilities.
So how does this work? I will share the possibilities of being a network marketing referral agent from my own experience, but I will not use company names or products.
My wife and I have been involved with a network marketing company since 1996. It has provided us with an additional income of a couple thousand dollars on average each month, in addition to saving us $3,000.00 to $5,000.00 in personal taxes each year, which is useful together with our pension. entry. We have won a couple of cruise ships and a laptop etc. Some additional benefits of owning a referral agent network marketing business are the mentors we meet and the education we receive. The company also offers free marketing material such as web videos, flyers, brochures, personal website, ongoing web training, and lectures. Previously, I was self-employed, which required hiring employees with network marketing. I know I already need to hire people. We know we already need to have high overhead business costs since we operate from home, which now becomes a tax deduction. We also do tax deductible mini vacations. We don’t need to carry any inventory as the company does all the paperwork and distribution of the sales we do. As a referral agent, you can take advantage of all these benefits without spending more money than an Internet connection.
Why would you be interested in attracting referral agents? The short answer is more customers and sales. Everyone has between 200 and 2000 friends and relatives or can go online and search for new contacts on social websites.
An example of a product that says it retails for $46.39 If a person becomes a Referral Agent they can buy the product $44.07 If a person becomes an Associate they can buy the product for $37.57 USD so if the Referring Agent retails the product they can make an $8.82 profit which they can either take in cash or apply to become a business partner with their own account number and then they can Recruit your own referral agents and associates. If a person is interested in becoming a referral agent, she would provide all the marketing material for free to help the referral agent, plus training on how to market on the internet. The network marketing company has different entry levels: one person can become an associate for $39.00 USD, which gets you a product, but the income streams are capped at that entry level to have access to all streams of income, which in the case of this company is approximately 18 income. streams and associates would have to invest $499.00 which through sweat capital a referral agent can achieve.
Although we are nowhere near this level, we do know people who make over $1,000,000 per year…at conferences you can hear these successful partners share how they do it. Our personal sponsor, a retired school teacher, makes over $20,000.00 per month so the sky is the limit for a referral agent.
As a referring agent, I suggest you set up an agreement with the person you plan to work with. The next time you’re shown an opportunity, tell the person I don’t know what to sign up for, but I’d be interested in becoming a referring agent. Are you interested and how much would you pay me for referrals? How many deals would I have to do to become an associate in your opportunity? If you need a reference agent contract form, just contact me. If you have more interest in this type of home business, please contact me.
