Herbalife Business Opportunities

Herbalife Business Opportunity

Recently a reader has asked me the following question about HerbaLife -

“Few months ago I have started a marketing business (herbalife) but losing interest day by day because I need to run behind prospects to join my business and I need to spend lot of amount for advertising, business seminars and leadership seminars.
What’s your suggestion about ‘herbalife business?”
Reader

Well, Herbalife is working on the principle of “Network Marketing”. Now, many of you may not know that What is Network Marketing? So let me tell you in Simple, Layman’s Language that What is Network Marketing?

Network marketing is a general term for a type of marketing that is usually performed by an individual instead of a company. It refers to the use of interpersonal or social networks to market products and services for business purposes as opposed to the more traditional and common practices of wide-range advertising.

See the above diagram. The Network Marketing is also known as MLM or Multilevel Marketing. Here the Individual (You) promotes the products and sell these products to another people and get commissions from the parent Company (In our Example Herbalife). Now, the advantage of the Network marketing is that, if the people whom you have sold your products, sell these products to another people than not only them but you will also get commission on it.

This can be done up to 7 Levels Legally according to my knowledge.

Now, in your case, you said that you have started Herbalife Business. But well, this is not the Business. In the Business you own something (Assets) at the end. Say for Example, this Blog. I say that, this Blog is my Internet Business and I write for this Blog so at the end, I will have a collection of information rich articles. But suppose if i was writing for someone else (On EzineArticles or WikiHow) than it’s not my Business.

What the Network Marketing Companies will tell you that, they are giving you the Business Opportunities. But well, this is not the Business. It’s a kind of marketing only. Suppose if you own a product Rights and give that product to the Network Marketing Company to sell as MLM than you can said to be a Business Owner because you own an Asset (The Product).

So in my opinion, if you are not comfortable with the Herbalife, simply leave it. Instead of that, focus your time, efforts and money on developing assets (Such as Internet Business) on which you have a Full Control.

In case of Network Marketing you don’t have any control over the product that you Sell. While a Business is something that runs even without your presence (The Presence of the Business Owner) also. If you leave your Business alone for 1 year and come after 1 year than it will still working and making money for you. This is the Business.

Suppose if I stop Blogging today and higher a writer for this Blog and come after a year than also this Business will be working and making even more money than today. Because it’s a Business in true sense.

But Network Marketing Won’t work without your presence. If you work hard for few months than it may generate income for you but once you leave it, your income will be deteriorated slowly. While in Case of Business this will never happen…..

So start focusing on Building your own Empire…!!!