If you are interested in starting your own online global business, read this post and learn how you can get started. You don’t need a large investment and can start this on a part-time basis.
How Much It Costs To Start A Traditional Franchise
It is difficult to start your own business with much experience, and most businesses fail within the first 3 years. A safer option is to buy a franchise of an established business. They will provide the training and the products to enable you to run the business.
You will have to buy the products from them and also pay a franchise fee for using their brand name. Let’s look at the cost of purchasing a franchise in the UK:
- Low-Cost Franchise: Staring at £5,000
- Mid-Range Franchise: From £40,000 to £42,000
- High-Cost Franchise: From £300,000
In reality it’s difficult to earn much money from running a low-cost or mid-range franchise. A high-cost franchise is more likely to earn you an above average income.
In the early days, you will need to put in many hours of work without seeing much returns. It takes time, effort and money to become successful with a franchise business.
If you were to purchase a McDonald’s franchise in the UK, it would cost you between £500,000 to £1.85 million to get started. You will also have to pay a franchise fee of £30,000.
If you were to purchase a KFC franchise in the UK, it would cist you between £1.8 million to £3.7 million to get started. You will also have to pay a franchise fee of £45,000.
Most of us don’t have £300,000 to £4 million available to start a franchise business. This above is just to illustrate the expenses associated with starting a high-cost franchise.
Starting Your Own Business
It takes a lot of time and effort to start your own business. You will have to pick up the skills, find the suppliers and get your marketing right to become successful.
Some businesses will involve a large investment, like in establishing a restaurant or fast-food outlet. There is no guarantee that your business will become successful.
I have lost a large amount of money in the restaurant business. I have seen many people file for bankruptcy, losing their homes and assets. Luckily I got out without having to file for bankruptcy.
A small number of people are successful, but it takes a large amount of investment and a lot of hard work and time. Some people leave their employment to start their own business, but end up working more hours to earn the same amount of money. They also have to deal with the stress associated with running the business.
The whole point of starting your own business is to create financial independence along with time freedom. In reality, most people end up earning less money and working longer hours. It becomes difficult to get rid of the business without losing a large amount of money.
Many people have lost their life savings by taking the business route. They have gone from the frying pan straight into the fire. Most of us want a better life and are willing to take the risk. I had left it too late and found it hard to recover from my losses. I am grateful that I have a roof above my head and am able to provide for my family.
I am currently working 12 hour long shifts as a security officer. I work on average 56 hours weekly, this does not leave me with much free time.
I would like to start my own business, but I don’t have much capital and time to invest. I cannot leave my current employment to pursue my business dreams.
I started looking for a business that I could start on a part-time basis which did not required much investment capital. After much searching online and trying out various online income opportunities, I have found something that can work for me.
The Low Cost Online Business Offering Great Potential
I did not have £300,000 or more to spend on building my own business, but I still liked the franchise model. I did not have much free time work on building my own business.
I have found something that is a high hybrid of affiliate marketing, network marketing and membership sales. This company offers premium health and nutritional products at discounted rates to its members. The commissions from the product sales and membership sales are passed onto the members.
Some members have used this business to build monthly passive incomes of over $10,000 monthly within 12 to 24 months. These members have put in the effort and have managed to create financial independence along with time freedom.
Most of them were working in low paying jobs, struggling to make ends meet. The common thing was that they all wanted to get out of the rat race and were willing to do whatever it takes.
I have joined this company as an affiliate member and started building my own business. It’s like buying into a franchise, the products and shipping is taken care of by the company. Your job is to sell memberships and earn commissions from the activity of the network you build.
You also benefit from the company’s global network that is built as a 2×15 matrix. This company pays out in 7 ways, I would suggest that you take a free tour by clicking here.
If you like what you see, upgrade to an affiliate member for less than $150 yearly or $10 monthly and the affiliate fee. This is way less than having to pay over £300,000 for a franchise. I would suggest that you pay for the yearly option, I have done this, as I like to clear the costs immediately.
If you are struggling to make ends meet, you can go for the $10 monthly option, but make sure you pay the affiliate fee. You will need to become an affiliate member to earn from affiliate compensation plan.
Take The 12 Month Challenge
Click Here to join LiveGood as an affiliate member. Once you have been accepted as an affiliate member, you will get your own referral link that you can use to promote this business and build your own network.
Set a goal of the level that you want to reach within 12 months and start promoting the business via social media. The marketing potential is massive, as this business is open to most people around the world.
I have set a goal of reaching platinum level within 12 months. If you would like to work with me, click here to join my global team. You may benefit from spillover of members into your matrix that me and my upline members recruit, but don’t count on this, teat this as a bonus.
Treat this business like a $1 million dollar franchise that you have purchased. Put in the time and effort to build a global network that will continue paying you a monthly passive income.
My goal is to build this business for 3 to 5 years and use the money I generate from it to build other passive income streams. There are not many online businesses that you can build for $150. Some would say that you can get started with affiliate marketing and print on demand for free, but the truth is that they don’t offer much leverage.
There is a lot of time and effort involved in earning an substantial income from these free to start online businesses. I don’t have a lot of free time, so I will need to use the power of leverage to boost my earnings.
The membership model and commission structure offered by LiveGood will allow me to leverage my earnings by building a global team. If you are interested in building a monthly passive income using the internet, click here to learn more.
I do not provide personal investment or financial advice and I am not a qualified licensed investment advisor. I am documenting my online investment and financial journey and what’s working for me. Click Here to read disclaimer.
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