Network marketing business is one of the most satisfying home based business

December 23, 2008 - 10:11am |
author: fairyjadoo

The network marketing industry has been around now for more than 50 years. It is just simply a direct sale, which is just one of the methods of marketing products and services. In many countries, network marketing is regulated by The Direct Selling Association. It is not same like a scam, scheme, pyramid or ponzi industry.

Network marketing, also called Multi-Level Marketing (MLM) is a rational way of getting product directly to the consumer, and a legitimate way for those doing the marketing to get paid. It is one of the simplest ways to earn an extra income.

Network marketing is also one of the most rewarding home based business opportunities today. The opportunity for success, happiness, wealth and freedom in the foreseeable future is overwhelming. After 50 years the process has evolved and now the new technologies have unlocked the doors to a simpler business model that allows modern communication and e-commerce systems to do a lot of the work for the businessperson. However, even tough network marketing is simple but not necessarily easy.

Network marketing is when you actually recruit other salespeople into an organization or that person becomes your ‘down line’ to sell products. You as well as the recruits get paid on the amount of sales made. The products involved can be anything from physical products such as nutritional products and sports equipments to services such as legal consultant.

The magic happens when you get the snowball effect, and others recruit people too. You can then end up with a large group, so lots of your product is sold.

Nowadays, you generally do not have to handle the product yourself as it can go straight to the customer if you wish. Even better are digital products and online services where there is no delivery is needed at all. The customer gets their products instantly which are very important in this age of instant gratification.

Not to focus only on the negative aspects, however, it is a fact that 95% of newbie who join a network marketing business is doomed to failure. Why is that so? The reasons are they think it is an easy way to becoming rich.

Network marketing is just a simple concept but it is not easy. Those people join a company because they were told that was so easy if you know how to break the ice. To set up, run and maintain the network marketing business definitely consumes lots of your time, hard work, patience, spirit and discipline. However, most people are not ready into the network marketing.

Network marketing business is not easy and lazy methods to start up your own home based business. You will not succeed if you do not have large investment in yourself and your selling. You just can’t be a successful network marketing salesperson with an initial investment of only a few hundreds dollars.

So, what should you do in order to be successful on network marketing business. As we mentioned before, it is not easy but remember it is not impossible too. Do not bother about what you always heard or read except if it makes you aware of the attraction marketing laws and teach you on how to build up your business relationship and branding yourself.

The old methods such as call anyone whom you know, conduct parties or events by inviting your relatives, neighbors, and even co workers, send promotion emails from the list that you bought in bulk are no longer work. You need to know the art of attracting people and this is when it comes the hardest part as you need to develop your skills and keep on practicing. It takes lots of efforts and time.

When you start jump in to network marketing you need to plan such as with whom you want to work with and how your business should look like. A skill is needed to apply strategies that could bring in the people that you are looking for. Sometimes, you do not have to look for them as those people may find you. Then, you can start to build up relationships.

Then this is how attraction marketing laws come to play. In order to attract people to work together with you and buy products from you have to build a strong relationship. You tell them and make them know what is exactly they need and assist them to build and achieve it. Present yourself as nice as possible and gain their trust and make them want you as their leader.

People look for value and whether you can offer value to them for what they need. If you do have, most probably they will listen to you. When you gain more reputation and people are talking about you, people will find you. Therefore, you do not have to go out in order to find prospects anymore.

When these people calling and want to meet you, it is because they are interested to what you have to offer. Then the selling part becoming lesser and easier, as you just need to give further information for something that they already want. So, all you need to do is just close the sale at that moment.