Alyson Baber and Steve Snyder of Zoom Video Communications (zoom.us) join us to talk about the power of video conferencing as a tool for direct selling and network marketing. Video conferencing lets you reach and support a larger—potentially global—network, cut travel time and costs, and make a stronger connection than you can with audio conferencing alone.
At the birth of this nation Benjamin Franklin was quoted as saying, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” There are many who would suggest death to be the less painful of the two. Taxes affect everyone in one form or another but if you’re just starting your first MLM business, you might be surprised to learn about the tax benefits of your new position. If you start tracking your tax-deductible events today, you can start saving money—potentially much more money than you’ll earn on commissions in your first year.
For the small business owner, sole proprietor, independent contractor, or home-based business owner the tax code and its associated IRS regulations can be a daunting and expensive obstacle. Starting a home-based business is one way to increase tax deductions. You can shift many personal expenses to business expenses and thereby lower your taxable income. The result is a net increase in what you can legally and ethically “take home” when it comes to income. Taking advantage of the tax laws in this way isn’t simple, but using Deductr can make it simple.
What is Deductr?
Everyone who joins a Network Marketing opportunity has good intentions. Everyone thinks (albeit briefly) that they will succeed. Otherwise, why would they join in the first place?
Intentions are overrated. The power of intention might get people started, but it is short-lived. We need more than that. We need staying power. We need momentum. We need wins.
When I hit the streets as Super MLM Man (check out the video here), I wanted to find out what people really think about Network or Multilevel Marketing (MLM).
There are not so many direct selling companies that start their journeys as big businesses from day one. Almost all are small and medium-sized enterprises (SMEs). In fact, many of them start as family-owned businesses. And they come with their limited resources and their own weaknesses, as well.
Here are several of the areas where those start-ups in the direct selling industry fail:
After a two year investigation, Herbalife has agreed to pay a $200 million fine to the FTC and act in accordance with prescribed measures. With this morning’s announcement of a settlement, investors and proponents/opponents of the MLM industry alike are attempting to process what it all means for the Company’s future. Before we provide you an in-depth analysis of the stipulations found within the FTC’s Order for a Permanent Injunction and Monetary Judgment, it’s important to remember that these prescribed actions only apply to Herbalife and not multi-level marketing companies collectively. In response to a question in which she was asked what kind of implications the settlement will have on the network marketing industry , FTC Chairwoman Edith Ramirez stayed mum on its long-term implications and stated rather plainly that the FTC would soon be providing additional guidance on legitimate network marketing companies. That aside, let’s get down to business and clarify what the FTC’s order does and does not say.
THE BIGGEST TAKEAWAYS
Do you remember when you bought your first car? Do you remember how you felt in the weeks, days and hours leading up to the purchase – that period of time when you knew you were going to get it but were still working on the financing or delivery?
Do you remember the promise you made to yourself and others about how the car would never see rain, how you would never eat in it or abuse it in any way?