Family businesses bring special rewards—working with loved ones and the pleasure of building a legacy. The key to success is to operate the business professionally, without letting the relationships dictate the actions.
Whether you are a blood relative doesn’t come into play in network marketing. Rewards come to each person the same way: the more you work and successfully sponsor new prospects, the more bonuses you earn. The more product you share and sell, the more volume you amass and the more commission you earn.
In network marketing, the relationship between the company and the Independent Business Owners is much like the traditional model’s dad and mom with their relatives. Network marketers benefit from the family-style approach to doing business. Although family members often become part of an IBO’s downline, everyone essentially becomes part of an extended “family.” This built-in camaraderie found in healthy networking organizations far surpasses that found in a traditional company.
Another primary benefit of building a direct sales business is that the extended family will allow you to eventually live on a substantial residual income. However, an important pitfall to avoid is in shifting from active business-building and adding team (family members) to retirement status. Like any other business or agency, when you go from being a “full time employee” to “retired,” you may earn a pension, but it won’t be as much as when you worked your regular work week— it will be a smaller percentage of those earnings.
The beauty of network marketing is that if a sales leader no longer leads, there is still residual income to be collected, provided the downline are actively recruiting, sharing and selling. What traditional business model provides such a benefit?
The bottom line? If you get your family involved with your livelihood, make sure to separate your relationship from the business. Work and behave professionally. With LifePharm Global Network, you have the advantage of company support, great products and an equitable compensation plan. LifePharm Global Network is by you, for you—our cherished IBOs. All you need to do to grow your LPGN family business is to share the products and the financial opportunity continuously. That is the power of Life Livelihood and Legacy.