I have been a real estate investor since 2004 and have made a lot of money wholesaling houses and contracts, doing rehab projects and helping people that were facing foreclosure. It is pretty well known that right now is a great time to be buying real estate as the majority of high net worth investors made their money in a down market and history tells us that the real estate market has always came back. However, I have noticed a huge trend of those that are in real estate looking for alternative ways to make money and one of those ways has been in the world of network marketing.
A lot of those that are still in real estate are experiencing a harder time to get people qualified for loans and mortgages and also dealing with the banks and the short sale process, however, a lot of people are experiencing some success with network or referral marketing. A year and a half ago one of my real estate partners came to me and talked to me about becoming a part of a network marketing company. At first I was very much against it as I had heard stories about pyramid schemes but I found that I really was thinking out of ignorance not out of actual experience. Network Marketing is actually a genius system of making an income with low risk and potential high residual income. I started buying low income rental homes in run down areas in the hope of making an extra $100 a month in cashflow (rental income made over the taxes, insurance, mortgage and interest) but there is a LOT of risk that comes along with owning rental homes. In my first year in real estate my partner and I purchased 37 rental units but with Florida experiencing 5 hurricanes and the building slump, the rents we used to get are nowhere near what we get now. However, in the past year and a half by doing home meetings and sharing opportunities with my friends, I have not only reached a rank in a company that averages over $100,000 a year, I have helped get nine other people to that salary average as well.
Since then I have actually learned that there are systems out there that help you build network marketing online, which, I have been using for a few weeks now with amazing success. If you are already in a network marketing company you need to check with your company to make sure you are allowed to do internet marketing as some of them are very restrictive but two systems I use that are non-MLM specific are Jonathan Budd’s system at http://www.MLMDownLine.info and also Mike Dillards system at http://www.MasterMLMRecruiter.com. Most people believe that they have to do non-stop home opportunity meetings to be successful but these systems have proved to me that you can build your business on auto-pilot by using the internet secrets the professionals use from the comfort of your own home.
I hope this article has helped you see the potential in network marketing, most people have more of a problem with network marketers rather than network marketing. I know now that like Donald Trump and Robert Kiyosaki say, Network Marketing is a very viable business and one I will always be a part of!
Ray Higdon’s home page is at http://www.RayHigdon.com and is the founder and owner of http://www.FrustratedwithRealEstate.com. He can be reached via email at rayhigdon@rayhigdon.com
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October 10, 2008
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