Business & Finance Advertising & sales & Marketing

Providing Your Safety Net, Social Security Or Opportunities in MLM?

From a recent Yahoo article by Stephen Ohlemacher, Associated Press Writer: "For the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more.
Sounds like a good time to start tapping the nest egg.
Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors.
In return, the Treasury Department issued a stack of IOUs - in the form of Treasury bonds - which are kept in a nondescript office building just down the street from Parkersburg's municipal offices.
Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse.
The government is projected to post a record $1.
5 trillion dollar budget deficit this year, followed by additional trillion dollar deficits for years to come.
" It does not take a Wharton Business School graduate to see our money is being played fast and furious.
Adding insult to injury, the debt is being backed by worthless bonds.
Where did the money go? Don't ask, you might find yourself shopping for buckets of tar and sacks of feathers.
On a good day the state of the state is somewhere between insanity and absurd.
So amongst the noise and confusion there are a few avenues of reality that make sense, one of those being, the expansion of the entrepreneurial spirit and the survival instincts of those who care and are willing to step out and take a chance, in spite of the growing entitlement mentality that is being continually forced upon our once strong and independent populace.
A report some time ago identified the sale of hot dog carts had grown dramatically.
People who once worked at "j.
b's" now find themselves as independent business men and women.
Was it a scary process? Yes, What are the options in a stagnant economy with a dismal view of unemployment, rising inflation and a growing draconian government debt and control.
Opportunities abound in what is becoming one of the worst economic conditions we have encountered.
It takes vision to identify what and where they are, many are finding a core segment of the economy is in sales.
We are now importing, distributing, wholesaling and retailing as a major portion of the United States' GDP.
Several of these functions are ideal for Internet marketing.
Multilevel Marketing (MLM) and Direct Network Marketing are perfect for the Internet as the medium of conveyance for these business models.
MLM has been shunned by many due to older business structures that diluted revenues over an expanding number of levels and the necessity of carrying inventory and tying up capital.
Newer and more profitable MLM programs remove the necessity of carrying inventory, dramatically limit the number of sales levels and offer generous income from more than one source.
Is MLM for everyone? Absolutely not.
Other business models such as Direct Network Marketing offer other opportunities especially for larger ticket goods and services.
The entrepreneur must carefully research both models before making any decision.
From the motion picture Auntie Mame, "Life's a banquet, only the suckers are starving.
" MLM just might be the vehicle that gets YOU to the banquet.
Byron Whartnaby Karen Dunham

Leave a reply