What is network marketing?
First, let’s define network marketing? Very simply, it’s a distribution model that brings products to the market through word of mouth advertising via direct sales. Simple right? That’s all network marketing is… a distribution model that uses word of mouth advertising to get their products into the marketplace.
The Network Marketing business model addresses most of the concerns mentioned above. It is first and foremost a personal journey of development and growth. It is usually based on helping others and showing them how to do the same. During this process one’s focus often shifts from being completely self-oriented to others oriented. The resulting personal growth often allows for creation of a personal network in which many people are rewarded for exhibiting the kinds of personal qualities and maturity that we all seek in our personal development quest. Unlike the conventional business model each person is given the time they need to develop and grow themselves and their business with no fear of failure or firing.
Network marketing is unique in that it is a “people helping people” business, and when you understand this concept completely, you’ll then recognize it as “smart business.” You see, at your job, if something happens to you, like you get sick or something of that nature, and you can’t work, guess what you don’t get paid. But if you have a lot of people that you help regularly in their business, each doing a little to contribute to your business as well, and something happens to you, you still get paid, because even though you may not be able to work that day… someone else can and is.
How network marketing works?
Network Marketing usually works by making contact with people you come across in your everyday life. Start by talking to family and friends, get them to try the products and ask for their support in what you are doing. It’s all about a lot of people do a little!
How to succeed in network marketing?
The first step to network marketing success is to understand that you MUST start going above and beyond the average network marketer. So what does that mean? It means you need to spend time to learn the business, the benefits of the products or services, become an expert of your companies compensation plan and benefits and mostly tell the truth.
Build your network marketing business using the internet. Leverage what’s already in place to propel you to success without the struggle that most network marketers experience.
Work the system and the system will work for you.
The Truth About Network Marketing Is It A Real Business Or A Pyramid Scheme
The network marketing or multi-level marketing (MLM) business has become associated with pyramid schemes. According to the U.S. Federal Trade Commission, many MLM schemes “simply use the product to hide their pyramid structure”. While some people call MLMs in general “pyramid selling,” others use the term to denote an illegal pyramid scheme masquerading as an MLM.
In network marketing too often people understand prospecting as talking to everyone in sight about your product and then convincing them to buy. This is like gathering every rock in sight and then trying to convince the buyer they have gold in them! If we saw a prospector doing this we’d say he/she was crazy, right? Contrary to what you may have been told not everyone is your prospect.
Network marketing is an easy and at times challenging get rich quick scheme that may not work for everybody but if one has the determination to do what it takes, then that person will succeed.