You might be wondering “What is Network Marketing?” and how it would benefit you and your family in the future if you decide to join one.
So stay with me here as I explain what network marketing is and the type of network marketing companies you can promote if you decide to start a network marketing business.
Network Marketing, also known as Multi-Level Marketing (MLM) or referral marketing is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit, which creates a downline of distributors and a hierarchy that provide multiple levels of compensation. This means that the salespeople not only sell the company's products but also encourage others to join the company as a distributor. Source: Wikipedia
In other words: to make money you need to personally sell stuff AND teach your team to sell stuff because you earn commissions on the amount of products that moves through your new business.
Warning: Before we dig in deeper, let me tell you this. If you ask anybody who is involved in this industry; “What is Network Marketing Exactly?” The answer will always depend on who you are asking the question to.
- If you talk to someone who joined a NM company, learned the skills necessary, made the decision to become a marketing professional, took action, and went on to build a big successful business that pays them a 5, 6 or 7 figure annual income, they will tell you:
“Network marketing is the greatest opportunity in the history of mankind for the average person without a lot of money to invest to become financially free.”
- But if you ask someone who has joined a few different opportunities over the years and never really “did the work” required to build a successful business and create a relatively good income with it, they might say:
“Network marketing doesn’t work! The only people who make big money are the ones who gets in early.”
Which answer do you think is the right one?
Actually neither answered the question: “What is network marketing?”
So here is what I know it is…
Network marketing is a strategy to promote products and services to individual using the method of word of mouth (also called Direct Selling) compared to the traditional way where companies like McDonald's, Coca Cola, Nike and many other popular brands, spend millions of dollars on advertising to get the attention of potential buyers.
This method and strategy is very powerful, because people buy things from people they know, like and trust. It’s just like when you refer someone to a good restaurant or refer someone to where you had your hair or nails done. They will make use of that product or service because they trust the information they received from you to be true. The only difference is that you will get paid commissions for referring people to the products or services when you are a representative of a network marketing company.
I’ve been involved in this industry for almost 3 years as of writing this post. And as many other people I’ve failed and struggled for a long time. It wasn’t until I made the decision to learn the skills and actually started taking action that I started to see results in my business.
Robert Kiyosaki summed it up nicely; “Network Marketing is the business school for people who like helping people.”
Network marketing sure isn’t about bugging your friends, family and coworkers. It isn’t about chasing every person that comes within a few feet from you and pitch them your product or opportunity.
It is about determining from those individuals within your circle of influence who would be interested in the products or services that your company has to offer by applying the method of Attraction Marketing using internet marketing. Having this information is one of the critical elements that separates those who fail, from those who go on to become very successful.
The products and services you can market today cover everything from Nutritional Products, Weight Loss Programs, Health and Wellness Products, Financial Programs, Vacation and Travel, just to name a few.
Running a network marketing business can be very rewarding. While it does give you the freedom from punching someone else’s clock, you’ll be punching your clock and will have to hold yourself accountable!
With the economy the way it is today, working from home makes more sense than acquiring a second job in order to make ends meet. And that’s if you can find one!
So the KEY is to join a company, track down who is currently enjoying a level of success you aspire for, find out what they are doing… and simply be willing to DO the same things. Which, of course, may require you learn new skills and actually do a few things you are not comfortable doing in the beginning.
So what is network marketing?
- Network marketing is a proven “million dollar” business model.
- Network marketing is a path to fame, fortune and time freedom.
- Network marketing is a leadership development platform.
- Network marketing is a career choice and a profession.
- Network marking is fun, fast and exciting.
Disclaimer: The Network Marketing Profession is not a get rich quick scheme and only works if YOU work it by taking massive action with definiteness of purpose.
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To living your life on purpose – Kuko Elisabeth
P.S. If you're looking for a good and reliable Network Marketing Company that has great products you can use and promote, feel free to contact me. I may be able to point you in the right direction.
P.P.S. If you’re already in a Network Marketing company and want to learn the 5 things to do daily to GENERATE LEADS ONLINE, Watch this FREE 19 minute video.