NewBizBlog.Com

The blog for business owners to seek and share advice and tips.

Most Recent Posts
Business License...
Free Advertising...
Legal Advice...
Employment Dept..
Grant application...
Featured Articles

Writing A Business Plan

Things to know before starting
Everything... Entrepreneurial Traits
Offline Promotion Strategies
Merger and Acquisitions
Naming your new business
Getting a Domain Name
Facebook advertising Techniques
Traffic Techniques for Business
What does the SBA Offer
What the SBA does not Offer
Advertising and Marketing Law
Hiring Your First Employee
Convert Your Time into Money
Business in Emerging Markets
Entrepreneur Network Marketing
Top Marketing Tips
Manage a Freelance Career w/Evernote
Things Before a Franchise Business
Reduce Business Identity Theft

YOUR AD with Link HERE
One Column Ad
$59.00
per month
Approx. 250px Wide by 220px High Taller available
Featured Business
   Jords Wood Shop
 Jords Wood Shop
Submit an Article                                          

Entrepreneur Network Marketing

Network marketing has proved itself as part of the new economy and a preferred way to do business here and around the world. It's a provenance system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.The real key is this: Network marketing is all about leverage. You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. This very basic concept is the cornerstone of network marketing.It is a serious business for serious people.Network marketing isn't about taking advantage of your friends and relatives. Only a few years ago, network marketing meant retailing to, and sponsoring people from, your "warm list" of prospects. Although sharing the products or services and the opportunity with people you know is still the basic foundation of the business, today we see more people using sophisticated marketing techniques such as the Internet, conference calling and other long-distance sponsoring techniques to extend their network across the country.

Network marketing is one of the hottest retail industries out there. It functions on the idea that you sell products to people who in turn sell to other people who sell to other people . . . and so on. Network marketing programs feature a minimal upfront investment--usually a few hundred dollars or less for the purchase of a product sample kit--which gives you the opportunity to sell the product line directly to family, friends and other contacts. Most network programs also ask that you recruit other sales reps--those same family members, friends and acquaintances. Technically speaking, pyramiding is an illegal practice of a company that solicits their members to recruit more members, more than selling the product. In turn, the primary source of income for its members is the number of members they have recruited instead of the products they have sold over time.

Network marketing isn't a pyramid scheme. Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they'll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there's no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it's clearly there just to disguise the money game.Network marketing is a legitimate business. it's based on providing people with real, legitimate products they need and want at a fair price. While some people do make a lot of money through network marketing, their financial benefit is always the result of their own dedicated efforts in building an organization that sells real products and services.Pyramids are illegal and are based on taking advantage of people. For a person to actually make money in a pyramid scheme, someone else has to lose money. But in network marketing, each person can multiply his or her efforts, skills and talents by helping others be successful.

Most successful people building a network marketing business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.With network marketing, there are no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed. Network marketing is a low-overhead, homebased business that can actually offer many of the tax advantages associated with owning your own business. Network marketing is a people-to-people business that can significantly expand your circle of friends.It's harder for people to decline your invitation to join in a room full of other enthusiastic newbies. In this business, it's important to keep your distributors selling. Don't sell them a membership and ignore them, or they're liable to drop down their link in the chain. Talk to them often about how they're doing. Go with them on sales calls to offer moral support and enthusiasm and help sign up prospects. Many network marketers sell via the party plan. It's easy and it's fun. Have a host or hostess invite friends to sample your products. You sell products, sign people up, and the party-giver gets a free gift or a discount on her purchases.

Promise big money with little work. There are of course things that you can do to make money without having to work all that hard. But, it's just not possible for everyone who joins a business to be able to make so much money without working. Making money takes work.Purchases encouraged as "investment." Often times MLM companies want you to think that making purchases for products within the company will advance your status, or grow your business, more than satisfy sales.High income projections. Many companies love emphasizing how much you will make, but rarely mention how you are going to make it. MLM opportunities have proven historically to be, at best, a little better than a side income for most people. Money from recruiting. If they would rather have you recruit another distributor than a new customer, then their products are not what is driving the company. A company that is filled up with people but no products is still just a group of people, not a thriving company.

CONCLUSION
Network marketing isn't a get-rich-quick scheme. Of course some people do make large amounts of money very quickly. Many would say those people are lucky. But success in networking isn't based on luck.About the only thing you need in this business is a sense of salesmanship. If you've got a background in sales, you're ahead of the game, but if not, you can still succeed. Just make sure you believe in the products and the company you're working with.You don't need any special tools or equipment, except for a phone to keep in touch with your distributors, parent company and prospects, and a car to go out and sign people up and attend the weekly pep-talk meetings that are a feature of this business.
Honest enthusiasm goes a long way toward convincing others to buy. It's a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.

Return to Articles Index