Direct Selling and Your Financial Freedom – Part 1

May 7th, 2008 | Stacey | Financial Independence, Financial Freedom Opportunities, Financial Freedom

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Today is the first part of a series about financial freedom and direct selling. There are many ways to attain financial freedom and direct sales is a viable option. For many people, sales have been the key to financial independence and greater personal freedom.In fact, the tradition of wholesalers offering products to independent representatives at a lower cost to offer them at retail prices for profit has been around for over 100 years. Representatives earn commission for each sale made. The potential for sales is unlimited and independent contractors can call their own commissions based on their efforts and personalized service.

According to the host of CNBC Mad Money, Jim Cramer, “Direct selling is a great model…with high gross margins, low capital intensity, lots of free cash flow. It’s a fragmented industry with gigantic room for growth. The top 15 players only account for about half the market.”

In the United States direct sales add up to a $32 billion industry and internationally, the figure is an astounding $110 billion. Amy M. Robinson, Vice President of Communications and Media Relations at the Direct Selling Association, comments, “Direct selling is hot because it’s a fun, convenient way to shop that people enjoy. So, poor economic times or not, people find direct selling to be appealing. Great products, personal service and income potential are elements of direct selling that make it a strong economic contender at all times. People motivated to get started in direct selling typically share certain attributes. Most seek supplemental income, either short-term or long-term. The social aspect also is appealing for those who love to meet new people and many enjoy buying products and services they already use – at a discount.”

Tomorrow we will discuss ways to get started toward financial freedom with direct sales.