Home businesses are booming! In fact, 52 percent of all small businesses are home-based, according to data from the Small Business Association Office of Advocacy. Many small business owners are work-at-home moms. Since May 10-16 is National Work-at-Home Moms Week, this is the perfect time for LifePharm Global Network Independent Business Owners to approach mothers who are interested in making an income while staying at home.
Stay-at-home moms’ daily schedules are busy with children, the spouse, household activities and more. Owning a home-based business allows a mother to have the flexibility to set her own work schedule without taking away time needed to tend to children and spouse.
There are multiple benefits with the network marketing business opportunity for moms. Not all network marketing companies are created equally, but take LifePharm Global Network: the company has everything in place that you need to start a home-based business. It has the tools (public website, Virtual Office, replicated website with product and opportunity lead capture pages, brochures, videos and training materials) needed to work a business from the comfort of home.
Training is available not only from LPGN Field Development and Customer Service but also from organizational leaders who help their downline teams succeed through mentorship. Research proves that small businesses that receive three or more hours of mentoring achieve higher revenues and increased business growth.
According to a 2014 survey, 70 percent of small businesses that receive mentoring survive more than five years, which is double the survival rate of non-mentored businesses. Small businesses agree. The same survey found that 88 percent of business owners with a mentor say that having one is invaluable.
“For many, starting a business can be overwhelming—it’s no longer just about exploring a passion or following a dream,” says W. Kenneth Yancy, chief executive officer of a non-profit mentoring and business counseling organization. “A mentor can help navigate the complex challenges that often come with being a business owner, and the guidance from someone who has been there themselves can be a real asset.”
Mentorship is built into network marketing, but work-at-home moms still need to dedicate time to their network marketing business to be successful! Two or three hours a day to a more rigorous schedule is the rule-of-thumb to sustain a long-term home-based business.
Another advantage is that with network marketing, work-at-home moms not only can create their own workdays but may also establish financial limits, that is, to make as little or as much as they want. Once a home-based business starts cranking, the entire family will enjoy the additional income.
A network marketing business puts the work-at-home mom in the self-employed tax brackets. This has many tax advantages and is one of the big reasons why more and more stay-at-home moms are getting into network marketing.
Do you know any stay-at-home mothers who have a little free time that can be devoted to building an LPGN business of their own? Reach out to them—they may be the next big producers in your own LPGN business organization!