What Do You Know About Network Marketing?
Multi-level marketing ( MLM ), also known as network marketing, and referral marketing , is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
According to business dictionary, its a Direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents. In this method, commission is earned on the agent's own sales revenue, as well as on the sales revenue of the sales-force recruited by the agent and his or her recruits (called downline). It is a multi-billion dollar worldwide industry that distributes practically any portable item.
Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in the world today, including Avon, Mary Kay Cosmetics, Alliance In Motion Global and Tupperware, fall under the network marketing umbrella.
Network marketing programs feature a low upfront investment--usually only a few hundred dollars for the purchase of a product sample kit--and the opportunity to sell a product line directly to friend, family and other personal contacts. Most network marketing programs also ask participants to recruit other sales representatives. The recruits constitute a rep's "downline," and their sales generate income for those above them in the program.
Things can get sticky when a network marketing network compensates participants primarily for recruiting others rather than for selling the company's products or services. A network marketing system in which most of the revenue comes from recruitment may be considered an illegal pyramid scheme.
Since network marketing programs are usually exempt from business opportunity regulation and aren't defined as franchises under state and federal franchise laws, you'll need to do your own investigation before investing any money.
Today there are hundreds of network marketing companies offering a large variety of products and services. Further more many of these products and services you might recognize by their brand name!
The products and services you can market today cover everything from Communication Services, Internet Access, Nutritional Products, Weight Loss Programs, Water Filtration Systems, Financial Programs, Electrical Power, Solar Power, to name a few.
So why do they need you and me? Traditional marketing methods have companies spending millions of dollars each year to market their products and services.
They know that word-of-mouth marketing is a far more powerful and effective method of marketing. Especially, when that message comes from someone you know and trust!
They Are Willing to Pay You For This Access!
And these companies are more than willing to pay you, to communicate this message to your network of friends and family.
It is extremely important to understand that this method of marketing is not about bugging your friends and family members, as many would love for you to believe.
It is about your ability and skill to determine from those individuals within your circle of influence who would be interested in the products or services that your company has to offer…
… That information alone is one of the critical elements that separates those who fail, from those who go on to become very successful!
Some very interesting things to note before you begin includes;
1. You Can Call Your Own Shots In Network Marketing! everyone wants to call their own shots in life.
2. You can if you’re willing to get the necessary education you will need to run a small business.
3. If you do enjoy working with people, network marketing just might be right kind of business for you.
Lastly, on the other hand, if you’re only in it for the money, or you don’t like dealing with people, well then… You’ll most likely end up failing!
Personally I’ve found running a network marketing business to be a very rewarding. While it does give you the freedom from punching someone else’s clock. You’ll now be punching your clock, you will have to hold yourself accountable!
The training you get from starting and running a network marketing business will give you a deeper appreciation of what your employer has to deal with on a daily basis.
Through training you will also become a far better communicator. Someone who actually knows how to listen. With skill development you will be better equipped to address the wants and needs of others!
It doesn’t matter what the economy is doing today. Working from home, the beach, makes more sense than acquiring a job, or changing to another job.
Throughout this site, you will find additional resources that will give you a deeper understanding of what is network marketing.
I hope this helps you understand the network marketing industry better. Feel free to share using the tabs below
ABOUT Adie Cyprian:
Hello! Its my privilege to meet you. I'm Adie Cyprian, but my friends call me Cypriano, I hope you do the same. I live in Abuja (Nigeria) from where I'm currently running my network marketing business globally.
What I love most about this industry is helping others, the level of personal development it brings, the ability to be your own boss and call your own shots, working f...Continue Reading
ChrisWooow! Just wat i needed to get my business back to life. Thanks coach
September 24, 2018 5:46am
Derick JohnThanks you for the post, it was helpful...
August 25, 2018 8:16pm