A New Trend In Fundraising.

A New Trend In Fundraising -- Part 3

Governmental Accounting

If you have a legitimate 501(c) (3) nonprofit organization and it signs up as part of the network marketing salesforce, it may be required to pay UBI (Unrelated Business Income) Taxes. Be sure to check with the Internal Revenue Service about this.

Many of the network marketing entrepreneurs are paying their taxes just as if they were employed by a standard nonprofit organization or business. This is because, they are actually self-employed business owners that will pay taxes on all earnings they make.

Advantages Of Network Marketing Fundraising

Probably the most important advantage of utilizing network marketing is the fact that the nonprofit entrepreneur can keep 100% of the gain that he or she puts into their efforts. They are not inclined to share it with other staff members or the organization if they choose not to do so. This gives the ability for someone to support more than one nonprofit enterprise at a time.

The network marketing business fundraiser is not restricted by an established budget except as they tend to their legitimate business (including taxes). The more they earn, the more they can choose to put back into their nonprofit efforts.

Many successful nonprofit network entrepreneurs are earning 6 figure incomes, driving company incentive cars, and earning promotional vacations. Take a look at a few proven winners that we've chosen:

* A Leading Telecommunications Company

* Health & Wellness

* Shopping

* Freebies

* Energy

* Nutritional

* Home Living Quality

The network marketing individual is also not bound by a governing board of directors who may terminate their position and gainful employment; thus, losing the benefits of the hard work that they've accomplished. They are the boss of their own future.

Freedom to increase their workload and work harder or lighten their work is up to them. They may choose to take a break and then work at their business at a later time.

What To Look For

So, what do you look for when choosing the right network marketing company to represent? Remember, any questionable companies that you become involved with, will also ruin the perception of your good nonprofit group's name. Any bad publicity could cause government watch groups or the populace at large to become suspect of your stewardship.

Plan on researching at least a dozen companies over a two to three month period of time.

You'll want to:

1.)

Find a company that has a proven track record of growth for at least three years.

2.)

Avoid jumping at the first couple of income opportunities that promise you the life of ease and fortune. If any company states that they will do all of the work and that you do not have to do any real work, leave them alone.

3.)

Make a list of Pros and Cons of each eventually with a short list of a half dozen or so to choose your final selection.

4.)

Avoid businesses that require you to pay a monthly fee unless you are getting an actual product or service personally and you really believe in the product or service.

5.)

Find a company that is involved in manufacturing their own products or have a wholesale distribution of legitimate products or services. A good example of a company that follows this rule is Tupperware.

Finally, make sure that your chosen company is comfortable with using their networking organization for a legitimate fundraising effort on your part. Ask them, "can I use my efforts as a fundraiser for my nonprofit emphasis?"

Be sure to view your new fund raising effort as a long term enterprise. The successful network marketing companies of today require some effort in promoting, advertising, selling, and becoming a leader of a larger sales force of your own sales team.

Getting Started Today

Oftentimes the most difficult part about kicking off your own network marketing emphasis is to officially sign up.

After choosing the company that you will get involved with, you should:

1.)

Get organized and establish your goals that you wish to achieve.

2.)

Set up a budget. Like any enterprise that is begun, there will be some expenses to consider. Some companies usually require a small startup fee, but some are free. It's perfectly cceptable to pay a yearly membership fee. Usually this ranges from $25 to $49 per year. You may also need to pay state sales taxes so check with your state's revenue office for compliance.

3.)

Start recruiting helpers, associates or dealers that will be in your "downline" to begin working as your sales force. A downline is the term that refers to your team structure and those you've recruited.

4.)

Jot down a list of friends, relatives, or associates that you know might consider assisting you in your efforts. Contact each and explain what you asking them to help you accomplish.

5.)

Provide regular training an follow-ups. As you begin to build your downline, make sure that you keep in touch with each member regularly with training and awareness on new product issues.

This should get you off to a good start. So, begin your own networking marketing business today and you will start your journey toward a profitable and successful fundraising adventure.

A NEW TREND IN FUNDRAISING -- Part 1

A BIVOCATIONAL POSITION -- Part 2

ADVANTAGES OF NETWORK MARKETING FUNDRAISING -- Part 3