Network Marketing is also known as Multi-level marketing
often the short form of MLM. If you are considering joining
the many who are involved in network marketing then this
information is for you.
There are particular things that you should be paying
attention to within a network marketing business that will
make the difference between going on ahead with a
successful business and simply joining something and going
no-where. So you may have been warned that most network
marketing businesses actually fail, I am sorry to say this
is indeed true. This is true because many folk interested
in network marketing do not do things the right way. Be one
who does get it right and be one of the very successful
individual who realizes their dreams.
You should be able to begin your career in network
marketing at very little cost. It is not necessary to be
paying large sign up fees and frontloading that amounts to
thousands of dollars, you should in fact avoid offers where
massive amounts of money are required from you to start
with. No, you do not need to "buy your way to the top". If
you are being asked to purchase large expensive inventories
keep shopping, this is not the real deal.
Do not fall for the incredible claim that it is possible to
make money without selling a thing. It is possible that you
may have people placed under you without you having to do
anything only if the people above you are working extremely
hard and your compensation plan is a forced matrix or power
leg binary. This is referred to as a spillover, but
certainly you will never make any real money this way. If
you happen to join expecting this possibility you are
setting yourself up for disappointment.
Be sure that the company you are considering actually has a
product or service; there is no such thing as a business
opportunity with potential if it is nothing but an
opportunity.
It is absolutely recommended that you do your homework on
your intended company thoroughly. You must do a search for
complaints and scam warning. Make certain the company's
history checks out with everything they have told you and
there is absolutely no unusual activity or discrepancies.
The backbone of any network marketing company rests in the
areas of sales and distribution; we are most familiar with
direct sales. It is from the product the company carries
that a sales person makes a commission or percentage of
sales. the salesperson may also be paid via an hourly or
salary package, some will be paid per lead or contact but
at the end of the day there will be a sales quota that
needs to be met. This is traditional selling.
Network marketing however is much better for companies and
distributors. Certainly you are still moving a product but
you are also looking for someone else to sell this product
also, you are effectively building a team, you will get
paid for your sales and a percentage of the sales of those
who you have encouraged to join you. This is why it is
called multi-level marketing.
When the people who have come to join you, do the same as
you and encourage others to join them you are moving higher
up the ladder and enjoying percentages of sales from all
those under you, at the same time those directly under you
are making a percentage of the sales made by those who they
have encouraged to join them. You begin to make money with
little effort spent. The payment plans are referred to as
binary, breakaway, matrix, stair-step and finally the gold
is called unilevel.
The unilevel payment plan has absolutely no limit to the
number of people who may be selling under them; these
people are often referred to as downlines. You commissions
are also quite high but not from a percentage point of
view, this is in sheer volumes. These earnings are
sometimes called leveraged because you are benefiting from
the work of those under you. This is when real wealth
begins to happen.
Network marketing is all about referral, a nice gentle soft
sell is sufficient; hard sells are not so effective or
desirable for success. You simply make a recommendation and
ask others to do the same. Passion sells, if you are
passionate about your product this will spill over to
others. Promotional materials are typically provided such
as letters and brochures, web sites and DVD's. These
materials should be persuasive with many testimonials.
The company's product must be desirable, it is best if this
product is unique and manufactured by the company itself.
If you want to be going the distance the product must be
able withstand the duration and attract returning sales,
ideally a regular consumer base.
Network marketing is about building a residual income that
should continue to come in, you are not looking for a quick
here today gone tomorrow sale. Be sure that the company is
debt free and have a reliability of over 5 years.
Having discovered all of these things four warm market, ie
family and friends are best avoided, these are not business
contacts, take your business seriously and look for people
who are interested in your business, product or service.
MLM genealogy lists are available for network marketing.
These are a list of people who are interested in network
marketing or who have been involved in it. Generally these
lists are not particularly expensive and well worth a look
at for potential contacts if you have a product and company
that you would recommend to them.
Kevin Sinclair: His system for making profits
regardless of whether anyone joins your network marketing
business. http://net-mlm-profits.com/
