MLM Pros & Advantages Of Owning Your Own Network Marketing B Quadrant Business
So what are the advantages of starting your own MLM business? Here's what Robert Kiyosaki has to say and I highly recommend reading the new book he wrote below with Donald Trump if you have not already done so! Will you decide to be rich or poor?
Excerpt from ‘Why We Want You To Be Rich’ by Donald Trump & Robert T. Kiyosaki -Advantages of owning a Network Marketing business by Robert Kiyosaki
- Tax breaks increase. By starting a network-marketing business in your spare time and keeping your regular job, you begin to gain the tax advantages of the rich. A person with a part-time business can take more tax deductions than employees can. For example, you may be able to deduct car expenses, gasoline, some meals and entertainment. Obviously, you need to check with a CPA for exact rulings on your situation. And the cost of your CPA is tax deductable. In most cases, an employee cannot deduct CPA expenses. In other words, the government will give you a tax break for advice on how to pay less in taxes.
- Meet like-minded people. One of the advantages I had is that my friends also wanted to be in the B quadrant. When I first started out, most of my E quadrant friends thought I was nuts. They could not understand why I did not want a steady job or steady paycheck. So an important part of becoming a B is to surround yourself with other people who are B’s and want you to become a B.
- Give yourself time. It takes time to be successful in any of the quadrants. Just as it takes time to climb to the top of the corporate ladder as an E, or become a successful doctor or lawyer in the S quadrant, it takes time and dedication to become successful in the B quadrant. It took me years before I built a successful B quadrant business. So give yourself time. I would allow at least five years to learn and develop into a B quadrant person.
- Network –marketing companies are patient. One of the beauties of a network-marketing business is that it will invest in you, even if you are not successful. In the corporate world, if you are not successful in six months to a year, you are often fired. In the network-marketing world, as long as you are willing to put in the time, most companies will work with you in your development. After all, they want you to get to the top.
- Leverage the systems that are already in place. These systems are already tried and proven, which allows you to hit the ground running instead of trying to build the internal systems of a new company.
If you have been thinking of starting a business in the MLM - Network Marketing industry now is the perfect time to get started.
Here's What USA Today Says....
TAX ADVANTAGES Of OWNING A HOME BASED ENTERPRISE
|
