Business Idea

Start A Network Marketing Software

About

Starting a network marketing software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell network marketing software, or selling network marketing software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a network marketing software ➜

Key stats

market size
$43.8B
revenue (monthly)
$65K
starting costs
$37.6K
gross margin
70%
avg product price
$950
time to build
10 months
growth
SEO
business model
Advertising
time investment
Side project
work from home?
Yes

About

Starting a network marketing software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell network marketing software, or selling network marketing software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a network marketing software ➜

Key stats

market size
$43.8B
revenue (monthly)
$65K
starting costs
$37.6K
gross margin
70%
avg product price
$950

 

time to build
10 months
growth
SEO
business model
Advertising
time investment
Side project
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $10 $2,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $525 $5,500
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
App Creation Costs $1,000 $20,000
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $2,750
Other Expenses $0 $800
Total Startup Costs $7,529 $66,794

Successful Businesses

Business URL Rank
ProProfs proprofs.com #5,082
Ingram Micro - Help businesses realize the promise of technology ingrammicro.com #5,843
Citrix.com citrix.com #7,362
Affiliate Marketing Australia commissionfactory.com #8,307
Veeam Software veeam.com #8,464
Trellian trellian.com #10,605
SolarWinds: IT Management Software solarwinds.com #12,210
Sutter Health sutterhealth.org #13,043
Oracle Bronto bronto.com #13,302
LeadDyno leaddyno.com #13,391
6sense 6sense.com #24,267

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A network marketing software gives people a reason to visit your website and to keep coming back to you!
Meaningful business connections You never know who you will meet as a network marketing software. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
High employee turnover In the network marketing software, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Stressful work This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.
High overhead expenses With starting a network marketing software, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

    Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.