Dec
15
asked:
In multi-level marketing, the most important step after the choice of an MLM company is lead generation. If performed well, it can be a gold mine of possibilities for MLM companies, affiliates and distributors. Without leads, no MLM company can survive just as no business entity can progress without a reliable distributorship.
Treasure hunting
MLM lead generation may be compared to refined treasure hunting. During the initial stages of your foray into lead generation, you will come across multiple leads from different backgrounds, having varied interests and marketing and purchasing abilities.
With the correct MLM lead generation techniques, you can mine this list for relevance in order to obtain the appropriate demographic information. With the right demographic information, you will be able to determine whether a particular lead is a potential recruit for your sales force or customer for your products.
Where to find your leads
Leads can be obtained from many different sources. Initially, they could be people you already know or people who have expressed interest in your MLM company. You can then proceed to ask for direct referrals and work down the list.
Lists of MLM leads may also be purchased from MLM companies. Generally, these lists are already targeted, allowing you to start your recruitment or marketing immediately.
Duds vs. Gems
The goal of MLM lead generation is to filter potential partners and customers from a given list. It is quite possible that in the process of generating leads for your MLM business, you will come across less-than-promising leads or leads that are totally wrong for your business. Many first-time marketers make the mistake of focusing on these leads, believing that a little push will result to a conversion. In most cases, they are mistaken.
A lead, for example, may exhibit the right age group, background and training. However, if it does not have the interest or capability, you could be stuck with a non-performer who will become a liability in the future. To find the right combination for you, here are several considerations to keep in mind:
Desired demographics
It’s important to consider the right demographics for your MLM company. This will help prevent you from chasing after leads that will not be responsive to your business. Consider your MLM company, products or services and then make a list of the kind of people who will be interested to sell or buy them. What will be their age range, economic background, purchasing abilities and buying habits? Will their interest be sustained? How can they help improve your business and how can they profit from it?
Product relevance
Try to view your MLM company from the point of view of your prospects. How will it benefit them? What makes your company better than the next guy’s? Why should your prospect choose your company over another? Can growth be expected from here? If so, how soon and how well?
Your prospects want to know how your MLM company can help them: a) earn more income, b) expand their business and c) create more opportunities for others. The relevance of your MLM products or services to your lead is key to the success of your efforts. If they are interested, they are more likely to sign up.
Qualifying your leads
Each time you receive a lead, remember that what you have is a potential recruit or customer. There is a 50% chance that it might be successful and there is also a 50% chance that it might be a dead lead. Once you have obtained a list of leads, call each one or send an e-mail to prospect. An opt-in will be a big help. Interest on your prospect’s part is a green light to your next step.
Time
If lead generation seems to take time, don’t be frustrated because it is not an instant process. Be prepared to put in some work and time. Depending on the quality of your leads, it can take from at least a week, even more. This explains why you need to obtain more leads in order to grow your list in the mean time.
Creating a process
MLM lead generation should be considered a process. As such, it’s important to take a look at how it can be refined in order to help your business. Remember that the money and the success of your MLM business rely on your list. Learn the art of creating, obtaining and maintaining this list.
Sigmund
In multi-level marketing, the most important step after the choice of an MLM company is lead generation. If performed well, it can be a gold mine of possibilities for MLM companies, affiliates and distributors. Without leads, no MLM company can survive just as no business entity can progress without a reliable distributorship.
Treasure hunting
MLM lead generation may be compared to refined treasure hunting. During the initial stages of your foray into lead generation, you will come across multiple leads from different backgrounds, having varied interests and marketing and purchasing abilities.
With the correct MLM lead generation techniques, you can mine this list for relevance in order to obtain the appropriate demographic information. With the right demographic information, you will be able to determine whether a particular lead is a potential recruit for your sales force or customer for your products.
Where to find your leads
Leads can be obtained from many different sources. Initially, they could be people you already know or people who have expressed interest in your MLM company. You can then proceed to ask for direct referrals and work down the list.
Lists of MLM leads may also be purchased from MLM companies. Generally, these lists are already targeted, allowing you to start your recruitment or marketing immediately.
Duds vs. Gems
The goal of MLM lead generation is to filter potential partners and customers from a given list. It is quite possible that in the process of generating leads for your MLM business, you will come across less-than-promising leads or leads that are totally wrong for your business. Many first-time marketers make the mistake of focusing on these leads, believing that a little push will result to a conversion. In most cases, they are mistaken.
A lead, for example, may exhibit the right age group, background and training. However, if it does not have the interest or capability, you could be stuck with a non-performer who will become a liability in the future. To find the right combination for you, here are several considerations to keep in mind:
Desired demographics
It’s important to consider the right demographics for your MLM company. This will help prevent you from chasing after leads that will not be responsive to your business. Consider your MLM company, products or services and then make a list of the kind of people who will be interested to sell or buy them. What will be their age range, economic background, purchasing abilities and buying habits? Will their interest be sustained? How can they help improve your business and how can they profit from it?
Product relevance
Try to view your MLM company from the point of view of your prospects. How will it benefit them? What makes your company better than the next guy’s? Why should your prospect choose your company over another? Can growth be expected from here? If so, how soon and how well?
Your prospects want to know how your MLM company can help them: a) earn more income, b) expand their business and c) create more opportunities for others. The relevance of your MLM products or services to your lead is key to the success of your efforts. If they are interested, they are more likely to sign up.
Qualifying your leads
Each time you receive a lead, remember that what you have is a potential recruit or customer. There is a 50% chance that it might be successful and there is also a 50% chance that it might be a dead lead. Once you have obtained a list of leads, call each one or send an e-mail to prospect. An opt-in will be a big help. Interest on your prospect’s part is a green light to your next step.
Time
If lead generation seems to take time, don’t be frustrated because it is not an instant process. Be prepared to put in some work and time. Depending on the quality of your leads, it can take from at least a week, even more. This explains why you need to obtain more leads in order to grow your list in the mean time.
Creating a process
MLM lead generation should be considered a process. As such, it’s important to take a look at how it can be refined in order to help your business. Remember that the money and the success of your MLM business rely on your list. Learn the art of creating, obtaining and maintaining this list.
Sigmund
Dec
10
Home Based MLM Business
Filed Under network marketing | Leave a Comment
asked:
Multi-Level Marketing (MLM) is the term that was used several years ago for what we today call Network Marketing. Multi-Level Marketing (MLM) operates through the sales of a product that a consumer is interested in on a person-to-person basis and is not sold through a store or other form of dealership. An independent sales representative (they may have many different titles) will contact individuals and speak to them personally to see if they would be interested in their product or services. The way that Multi-Level Marketing representatives make commissions is through the selling of the product as well a residual that comes from the persons that they have recruited into the Multi-Level Marketing business and the products that they have sold.
The difference between Multi-Level Marketing (MLM) and direct sales is that direct sales representatives make money through the re-selling of the products that are available through the company. Multi-Level Marketing (MLM) representatives also make money through their sales but also as those they have enrolled into the program sell products, they will make a profit as well. The residual continues to go up the chain of those who are involved in the Multi-Level Marketing plan.
Multi-Level Marketing (MLM) differs from Affiliate Marketing in that those involved in Affiliate Marketing focus on one transaction at a time making more money with each transaction they process. The reason for this is that the product that an Affiliate Marketing company offers is usually something that the client only needs one time such as electronic equipment or household appliances. The Multi-Level Marketing (MLM) offers a variety of products that can be sold repeatedly to the consumer.
The Multi-Level Marketing (MLM) representative makes their money through the customer coming back to purchase more of their products this is called residual income. This type of income is earned every month from the sales that are taking place in your Multi-Level Marketing (MLM) business. Now what makes this interesting is that you will receive a check for all the sales that take place whether-or-not you are doing the selling. You could be on a vacation and still receive a check for the residual of sales that takes place among those you have brought into the business. This is a huge draw to those looking for home-based business opportunities.
Multi-Level Marketing (MLM) offers the average person an opportunity to make a substantial amount of money that will change their future while at the same time allowing them the freedom to enjoy a life that they have only dreamt about before. Remember to look at all home-based business opportunities carefully so that you will choose the one that is right for you and your personality as well as financial success.
*****
Blake
Multi-Level Marketing (MLM) is the term that was used several years ago for what we today call Network Marketing. Multi-Level Marketing (MLM) operates through the sales of a product that a consumer is interested in on a person-to-person basis and is not sold through a store or other form of dealership. An independent sales representative (they may have many different titles) will contact individuals and speak to them personally to see if they would be interested in their product or services. The way that Multi-Level Marketing representatives make commissions is through the selling of the product as well a residual that comes from the persons that they have recruited into the Multi-Level Marketing business and the products that they have sold.
The difference between Multi-Level Marketing (MLM) and direct sales is that direct sales representatives make money through the re-selling of the products that are available through the company. Multi-Level Marketing (MLM) representatives also make money through their sales but also as those they have enrolled into the program sell products, they will make a profit as well. The residual continues to go up the chain of those who are involved in the Multi-Level Marketing plan.
Multi-Level Marketing (MLM) differs from Affiliate Marketing in that those involved in Affiliate Marketing focus on one transaction at a time making more money with each transaction they process. The reason for this is that the product that an Affiliate Marketing company offers is usually something that the client only needs one time such as electronic equipment or household appliances. The Multi-Level Marketing (MLM) offers a variety of products that can be sold repeatedly to the consumer.
The Multi-Level Marketing (MLM) representative makes their money through the customer coming back to purchase more of their products this is called residual income. This type of income is earned every month from the sales that are taking place in your Multi-Level Marketing (MLM) business. Now what makes this interesting is that you will receive a check for all the sales that take place whether-or-not you are doing the selling. You could be on a vacation and still receive a check for the residual of sales that takes place among those you have brought into the business. This is a huge draw to those looking for home-based business opportunities.
Multi-Level Marketing (MLM) offers the average person an opportunity to make a substantial amount of money that will change their future while at the same time allowing them the freedom to enjoy a life that they have only dreamt about before. Remember to look at all home-based business opportunities carefully so that you will choose the one that is right for you and your personality as well as financial success.
*****
Blake
Dec
2
Network Marketing Home Business
Filed Under network marketing | Leave a Comment
asked:
Many people that think operating a business from home is glamorous, exciting, and filled with freedoms that you can never experience if you work for someone else. Without the obligations that come from reporting to an employer everyday and they then think the money is easily acquired. This article will look at both the positives and negatives of owning a home-based business.
An important part of working from home is letting others know you have a business and this is done through networking. Network marketing is not always easy for everyone. There are individuals who are very natural at talking with others and find it quite easy to be in a room full of strangers and talk about what they have to offer. Then there are those terrified of the idea of network marketing and would prefer to stay home and pay someone else to do this portion of the business for them. Network marketing does not have to be a horrible experience for you and you do not have to have a panic attack at the thought of attending one. When you prepare for network marketing and do not go in with your eyes closed, you will find that it will make an enormous difference in the productivity of your business. Network marketing can be beneficial in building a plethora of resources and contacts that you can have at your fingertips to propel your business forward.
Decide in advance how many people you want to talk to and do just that. If it is your first time, you may only want to talk to three people. Although once you are there, you will probably find yourself relaxing and notice that you came home with more than three contacts. Do not forget the business cards of the people you meet. In the excitement, you may forget their names. It is a good idea to jot down some relevant information on the back of the card to help you remember why or why not you like that particular contact.
In order for your home business to be successful, you have to make your presence known. You can do this through advertising and word-of-mouth. However, staying inside your protective home and never letting anyone know whom you are will not generate many clients or bring an increase in your profits. Go out, have coffee, and talk to others about your services. Walk into businesses that you think will profit from your services and let them know what you have to offer. If you have children in school, you can offer your services to the PTA or other groups that your child may be involved. Do not discount your sphere of influences because it is from this circle that your business will grow.
*****
Kendrick
Many people that think operating a business from home is glamorous, exciting, and filled with freedoms that you can never experience if you work for someone else. Without the obligations that come from reporting to an employer everyday and they then think the money is easily acquired. This article will look at both the positives and negatives of owning a home-based business.
An important part of working from home is letting others know you have a business and this is done through networking. Network marketing is not always easy for everyone. There are individuals who are very natural at talking with others and find it quite easy to be in a room full of strangers and talk about what they have to offer. Then there are those terrified of the idea of network marketing and would prefer to stay home and pay someone else to do this portion of the business for them. Network marketing does not have to be a horrible experience for you and you do not have to have a panic attack at the thought of attending one. When you prepare for network marketing and do not go in with your eyes closed, you will find that it will make an enormous difference in the productivity of your business. Network marketing can be beneficial in building a plethora of resources and contacts that you can have at your fingertips to propel your business forward.
Decide in advance how many people you want to talk to and do just that. If it is your first time, you may only want to talk to three people. Although once you are there, you will probably find yourself relaxing and notice that you came home with more than three contacts. Do not forget the business cards of the people you meet. In the excitement, you may forget their names. It is a good idea to jot down some relevant information on the back of the card to help you remember why or why not you like that particular contact.
In order for your home business to be successful, you have to make your presence known. You can do this through advertising and word-of-mouth. However, staying inside your protective home and never letting anyone know whom you are will not generate many clients or bring an increase in your profits. Go out, have coffee, and talk to others about your services. Walk into businesses that you think will profit from your services and let them know what you have to offer. If you have children in school, you can offer your services to the PTA or other groups that your child may be involved. Do not discount your sphere of influences because it is from this circle that your business will grow.
*****
Kendrick
Nov
30
asked:
Network marketing has always been a great way to get the word out about any business. No matter if you are selling a product or a service, with network marketing you can increase your sales in no time at all. And in today?s day and age, network marketing is more effective than ever before. In the past network marketing was a great way to make contacts as well as sales, but this has grown more than anybody could have expected. If you do not take advantage of network marketing, you will never reach your fullest potential.
If you do not know what network marketing is there is no reason to give up. The fact of the matter is that network marketing is quite easy to understand; it is exactly what it sounds like. With network marketing you get your name out there by talking with other people, and making industry contacts. The more people that you know, the better chance you have of making sales. And remember, the contacts that you make have contacts of their own. So in time word begins to spread about your offerings.
Network marketing is all about getting in touch with the people that can help you out the most. Of course your number one target should be people in your direct industry. In other words, people that would be interested in buying your product are people that you should network with.
The best way to get started in network marketing is by making yourself accessible to a large amount of people. Believe it or not, social networking sites such as Myspace have become quite popular for individuals and businesses alike. With these services you can introduce yourself to millions of people without ever having to do too much work. And of course with each person that you meet, you have added another person to your network.
The good thing about network marketing is that you may not make a sale today from somebody that you meet. But down the line that same person may be looking for a product or service and remember the conversation that they had with you. But none of this is possible unless you get the word out, and are not afraid to network in an aggressive manner.
If you want to make big profits, network marketing can help to put you on the right track. For many years businesses have been using network marketing as a way to reach the next level, and today this still holds true.
Generally speaking, network marketing does not cost a thing. All you have to do is find people to network with and get started. It does not get much easier, and cost efficient than that.
Fergal
Network marketing has always been a great way to get the word out about any business. No matter if you are selling a product or a service, with network marketing you can increase your sales in no time at all. And in today?s day and age, network marketing is more effective than ever before. In the past network marketing was a great way to make contacts as well as sales, but this has grown more than anybody could have expected. If you do not take advantage of network marketing, you will never reach your fullest potential.
If you do not know what network marketing is there is no reason to give up. The fact of the matter is that network marketing is quite easy to understand; it is exactly what it sounds like. With network marketing you get your name out there by talking with other people, and making industry contacts. The more people that you know, the better chance you have of making sales. And remember, the contacts that you make have contacts of their own. So in time word begins to spread about your offerings.
Network marketing is all about getting in touch with the people that can help you out the most. Of course your number one target should be people in your direct industry. In other words, people that would be interested in buying your product are people that you should network with.
The best way to get started in network marketing is by making yourself accessible to a large amount of people. Believe it or not, social networking sites such as Myspace have become quite popular for individuals and businesses alike. With these services you can introduce yourself to millions of people without ever having to do too much work. And of course with each person that you meet, you have added another person to your network.
The good thing about network marketing is that you may not make a sale today from somebody that you meet. But down the line that same person may be looking for a product or service and remember the conversation that they had with you. But none of this is possible unless you get the word out, and are not afraid to network in an aggressive manner.
If you want to make big profits, network marketing can help to put you on the right track. For many years businesses have been using network marketing as a way to reach the next level, and today this still holds true.
Generally speaking, network marketing does not cost a thing. All you have to do is find people to network with and get started. It does not get much easier, and cost efficient than that.
Fergal
Nov
10
successcoach1 asked:
I have a self replicating website from my Network marketing company and I want to promote it. It is the kind of site that you get when you sign up as a company representative. How do I generate leads with it other than the ones I personally sent to it? How can I get it found out on the web by the right people?
Hugh
I have a self replicating website from my Network marketing company and I want to promote it. It is the kind of site that you get when you sign up as a company representative. How do I generate leads with it other than the ones I personally sent to it? How can I get it found out on the web by the right people?
Hugh
Nov
4
I am hoping to start a Network Marketing Company (MLM), what would be the most recommended product categories?
Filed Under network marketing | 6 Comments
sixthsense2010 asked:
I am hoping to start a Network Marketing Company (MLM), what would be the most recommended product categories?
Hector
I am hoping to start a Network Marketing Company (MLM), what would be the most recommended product categories?
Hector
Nov
3
Jason Oickle asked:
To begin with, the concept behind network marketing is simple. Sharing - through product or business philosophy - is the basis of network marketing.
Network marketing is a multi-billion dollar industry involving millions of independent business people around the globe. Large companies like Gillette, Colgate-Palmolive, Kleeneze Europe, AT&T and others, have all turned to network marketing because of the very real edge it gives them in both domestic and international marketing.
Network marketing is a ‘BIG’ small business, which offers everyone, with or without business experience, the opportunity to start and run a home-based business that works. It is the last frontier where ‘the little guy’, (people like you and me) can make it BIG.
NETWORK MARKETING Vs. TRADITIONAL MARKETING
The traditional way of marketing products is to move them from a manufacturer through a network of middlemen. National Wholesalers, regional wholesalers, Cash & Carry warehouses, retailers, - the ‘middlemen’ - all add their ‘valueless’ percentage to the price of the product.
By the time the product or service reaches you, the end user, you’re not only paying for the product, but a percentage of the price for each and every middleman in the network.
In network marketing there are no middlemen. Instead of paying them, a network marketing company will pay you for whatever amount of product you cause to be ‘moved’.
As a sole individual operating alone, the amount of product or service provision you could ‘move’ from your own efforts, would be relatively small. In network marketing however, the amount you ’caused’ to be moved indirectly could be huge.
Here then is the essence of a network marketing compensation plan. For not only will you be compensated for the product or service provision you personally cause to be moved from your own direct efforts, you will also receive indirect compensation for the product or service provision that your ‘organisation’ ’causes’ to be moved.
YOUR ‘ORGANISATION’
To be successful in network marketing you will need to build an ‘organisation’. That is to say you will need to ’share’ the benefits of both the products/service provision and the business opportunity with others. In network marketing this is referred to as your ‘downline’.
The ’serious’ money to be had in network marketing is to be had from what is termed as ‘over-ride’ commissions from the ‘movement’ of product or service provision from the ‘downline’ your ’sponsor’ will help you to build.(In network marketing it is the responsibility of your introducing ’sponsor’ to help you build your ‘downline’.)
All you need to do initially to build a ‘downline’ is to ’share’ with others the information about the products or service provision and the business opportunity on offer.
Theoretically, if after ’sharing’ the information with others and you subsequently attracted just five SERIOUS individuals who decided to join you in your network marketing business - for illustration purposes only - your ‘downline’ could equate to the following after five levels of geometric growth:
You
You sponsor just 5 SERIOUS people into your business.
Your level 1/ 5
They duplicate your efforts and each sponsor 5 SERIOUS people.
Your level 2/ 25
These 16 duplicate your efforts and each sponsor 5 SERIOUS people.
Your level 3/ 125
These 125 duplicate your efforts and each sponsor 5 SERIOUS people.
A little arithmetic will tell you that’s theoretically a total of 3,905 people on your fifth level.
AN UNLIMITED INCOME POTENTIAL
Imagine the power of a business-building plan that would pay you an agreed ‘over-ride’ commission on each product or service provision ‘moved’ by each and every one of those 3,905 potential distributors in your downline. Network marketing then is about a LOT of people ‘moving’ a little product. The more people you introduce, the greater your income potential. Notice that I said SERIOUS people. You may find that you have to introduce 20, 30 or even 50 new distributors before you find a person who Gets SERIOUS about the business.
If you want to toss aside the potential earnings on offer as being ridiculous or impossible - DON’T. I personally have met people who are earning $5,000 to $50,000 per month (yes per month) from network marketing for part-time effort. Though the majority of networkers earn hundreds rather than many thousands per month, (most working part-time) it must be understood then that if you are to make serious income, you must put in serious effort. No free lunches here! The professionals in Network Marketing (those that earn HUGE incomes) recognise that to become successful you must “go through the numbers”. That is, sort through lots and lots of people until you find those people who get SERIOUS about the business.
There are two prongs to earning in Network marketing. First, is, of course, building a ´down line´. But remember, a large organization of people who do NOTHING other than sponsoring others, earns NOTHING!
Second is, BALANCE and CONSISTENCY. Spend some time building your organization yes, but also spend time PROMOTING your products/services to others and use the products/services yourself!
SO HOW DO YOU CONVINCE PEOPLE TO JOIN YOUR BUSINESS?
The simple answer is you don’t. You want those who convince themselves. If they are truly looking for a way to become successful, then they’ll come to you to go after it. The key to achieving success in network marketing is not to be had by convincing people, but by helping those (SERIOUS) people who want to become successful themselves.
WHERE DO I FIND PEOPLE TO JOIN ME IN MY BUSINESS
As it has been estimated that 20% of the UK working population - that’s approximately 6 million people - would be interested in starting their own business, the marketplace in the UK alone is truly enormous. With a recent MORI poll indicating that 50% of 16 - 25 year olds were interested in starting their own business, the marketplace is actually growing.
One of the most important things to recognise is that the most precious resource available to you is in the new blood - the millions of business opportunity seekers who are not presently involved in networking. For it is there that you will find the success stories of tomorrow for your downline organisation.
The impact of the Internet on network marketing will be absolutely HUGE.
CHOOSE THE RIGHT COMPANY
In any successful business it is the quality of the product or service that is being offered that is the single most important aspect for its success.
The most lucrative compensation plan in the world will NOT provide you with an on-going residual income if the product or service doesn’t provide tangible value and benefits for yourself and your customers.
Provide a product or service that people need, want, coupled with a business opportunity they are willing to tell their friends about and you can build yourself a business empire in network marketing!
TIPS FOR THE TOP?
Tip# 1/ If you’re already involved in a network marketing programe and you’re being ’sold’ primarily on the benefits of the compensation plan with the product or service being offered as a secondary consideration, then read the above paragraph again and MOVE to a company whose products or services ‘move’.
Tip# 2/ Ask yourself this important question: Is the network marketing programme I’m considering joining one that I’m willing to share with my friends and family? The comment “I don’t want my friends and family to know what I’m doing, l want to become successful first - then I’ll introduce them!!” is almost legendary in network marketing. (A comment oftimes made by failed networkers who had no real belief in the company or the products they were promoting in the first place!) If you immediately feel comfortable with the prospect of letting your neighbours, your friends and your family know about the network programme you’re considering joining, have belief in the company and its products/service provision, have confidence in your introducing sponsor, then you have probably chosen the right company to work with.
Tip# 3/ Don’t be impatient by expecting things to happen overnight! Building a moderately productive downline in any network marketing programme takes TIME - many months not many weeks.
Tip# 4/ Read tip 3 again and avoid like the plague any company which suggests otherwise or does not require you to invest in the development of a distributor base. If your prospective sponsor in the network marketing programme you’re being invited to join doesn’t stipulate that it takes TIME to build a significantly productive downline then it’s not a business your being invited to join but a game - and one you’re bound to lose!
Tip# 5/ If you want to dine with the classes - deal in products or services wanted by the masses!
If you have tried Network Marketing before and failed, you probably chose the wrong company, the wrong sponsor, or the wrong product.
IS NETWORK MARKETING FOR YOU?
A message from the Prime Minister the Rt. Hon. Tony Blair MP to the Direct Selling Association.
” I’m delighted to offer my support to the Direct Selling Association and point out to you how big a part direct selling is of our domestic market in the sale of goods and services. We’ve got something like 13% of the entire home shopping market done by direct selling, almost half a million people are involved in direct selling and 40,000 of those are doing it full time…It also shows how, in a changing economy and changing labour market, there are great new opportunities out there.
I want to say to you that this is a good thing to be involved in and that we, as a Government recognise the tremendous contribution that people who are taking up direct selling opportunities can make to the overall prosperity of the economy. So it is well worth doing, well worth being involved in and I wish those of you who are engaged in it, the very best for the future.”
The above is the text of a video message given to members of the Direct Selling Association on the occasion of the DSA’s Annual Conference held at Hinckley Leicestershire on 5-6 May 1999.
TO SUM UP
Network marketing isn’t for everybody. While some people swear by network marketing, others simply swear! (Read tip No. 3 again to find out why). To succeed in network marketing you will need determination, commitment, enthusiasm and most importantly - a burning desire for success. If you believe you have those qualities get back to the person who provided you with this information TODAY.
Arvel
To begin with, the concept behind network marketing is simple. Sharing - through product or business philosophy - is the basis of network marketing.
Network marketing is a multi-billion dollar industry involving millions of independent business people around the globe. Large companies like Gillette, Colgate-Palmolive, Kleeneze Europe, AT&T and others, have all turned to network marketing because of the very real edge it gives them in both domestic and international marketing.
Network marketing is a ‘BIG’ small business, which offers everyone, with or without business experience, the opportunity to start and run a home-based business that works. It is the last frontier where ‘the little guy’, (people like you and me) can make it BIG.
NETWORK MARKETING Vs. TRADITIONAL MARKETING
The traditional way of marketing products is to move them from a manufacturer through a network of middlemen. National Wholesalers, regional wholesalers, Cash & Carry warehouses, retailers, - the ‘middlemen’ - all add their ‘valueless’ percentage to the price of the product.
By the time the product or service reaches you, the end user, you’re not only paying for the product, but a percentage of the price for each and every middleman in the network.
In network marketing there are no middlemen. Instead of paying them, a network marketing company will pay you for whatever amount of product you cause to be ‘moved’.
As a sole individual operating alone, the amount of product or service provision you could ‘move’ from your own efforts, would be relatively small. In network marketing however, the amount you ’caused’ to be moved indirectly could be huge.
Here then is the essence of a network marketing compensation plan. For not only will you be compensated for the product or service provision you personally cause to be moved from your own direct efforts, you will also receive indirect compensation for the product or service provision that your ‘organisation’ ’causes’ to be moved.
YOUR ‘ORGANISATION’
To be successful in network marketing you will need to build an ‘organisation’. That is to say you will need to ’share’ the benefits of both the products/service provision and the business opportunity with others. In network marketing this is referred to as your ‘downline’.
The ’serious’ money to be had in network marketing is to be had from what is termed as ‘over-ride’ commissions from the ‘movement’ of product or service provision from the ‘downline’ your ’sponsor’ will help you to build.(In network marketing it is the responsibility of your introducing ’sponsor’ to help you build your ‘downline’.)
All you need to do initially to build a ‘downline’ is to ’share’ with others the information about the products or service provision and the business opportunity on offer.
Theoretically, if after ’sharing’ the information with others and you subsequently attracted just five SERIOUS individuals who decided to join you in your network marketing business - for illustration purposes only - your ‘downline’ could equate to the following after five levels of geometric growth:
You
You sponsor just 5 SERIOUS people into your business.
Your level 1/ 5
They duplicate your efforts and each sponsor 5 SERIOUS people.
Your level 2/ 25
These 16 duplicate your efforts and each sponsor 5 SERIOUS people.
Your level 3/ 125
These 125 duplicate your efforts and each sponsor 5 SERIOUS people.
A little arithmetic will tell you that’s theoretically a total of 3,905 people on your fifth level.
AN UNLIMITED INCOME POTENTIAL
Imagine the power of a business-building plan that would pay you an agreed ‘over-ride’ commission on each product or service provision ‘moved’ by each and every one of those 3,905 potential distributors in your downline. Network marketing then is about a LOT of people ‘moving’ a little product. The more people you introduce, the greater your income potential. Notice that I said SERIOUS people. You may find that you have to introduce 20, 30 or even 50 new distributors before you find a person who Gets SERIOUS about the business.
If you want to toss aside the potential earnings on offer as being ridiculous or impossible - DON’T. I personally have met people who are earning $5,000 to $50,000 per month (yes per month) from network marketing for part-time effort. Though the majority of networkers earn hundreds rather than many thousands per month, (most working part-time) it must be understood then that if you are to make serious income, you must put in serious effort. No free lunches here! The professionals in Network Marketing (those that earn HUGE incomes) recognise that to become successful you must “go through the numbers”. That is, sort through lots and lots of people until you find those people who get SERIOUS about the business.
There are two prongs to earning in Network marketing. First, is, of course, building a ´down line´. But remember, a large organization of people who do NOTHING other than sponsoring others, earns NOTHING!
Second is, BALANCE and CONSISTENCY. Spend some time building your organization yes, but also spend time PROMOTING your products/services to others and use the products/services yourself!
SO HOW DO YOU CONVINCE PEOPLE TO JOIN YOUR BUSINESS?
The simple answer is you don’t. You want those who convince themselves. If they are truly looking for a way to become successful, then they’ll come to you to go after it. The key to achieving success in network marketing is not to be had by convincing people, but by helping those (SERIOUS) people who want to become successful themselves.
WHERE DO I FIND PEOPLE TO JOIN ME IN MY BUSINESS
As it has been estimated that 20% of the UK working population - that’s approximately 6 million people - would be interested in starting their own business, the marketplace in the UK alone is truly enormous. With a recent MORI poll indicating that 50% of 16 - 25 year olds were interested in starting their own business, the marketplace is actually growing.
One of the most important things to recognise is that the most precious resource available to you is in the new blood - the millions of business opportunity seekers who are not presently involved in networking. For it is there that you will find the success stories of tomorrow for your downline organisation.
The impact of the Internet on network marketing will be absolutely HUGE.
CHOOSE THE RIGHT COMPANY
In any successful business it is the quality of the product or service that is being offered that is the single most important aspect for its success.
The most lucrative compensation plan in the world will NOT provide you with an on-going residual income if the product or service doesn’t provide tangible value and benefits for yourself and your customers.
Provide a product or service that people need, want, coupled with a business opportunity they are willing to tell their friends about and you can build yourself a business empire in network marketing!
TIPS FOR THE TOP?
Tip# 1/ If you’re already involved in a network marketing programe and you’re being ’sold’ primarily on the benefits of the compensation plan with the product or service being offered as a secondary consideration, then read the above paragraph again and MOVE to a company whose products or services ‘move’.
Tip# 2/ Ask yourself this important question: Is the network marketing programme I’m considering joining one that I’m willing to share with my friends and family? The comment “I don’t want my friends and family to know what I’m doing, l want to become successful first - then I’ll introduce them!!” is almost legendary in network marketing. (A comment oftimes made by failed networkers who had no real belief in the company or the products they were promoting in the first place!) If you immediately feel comfortable with the prospect of letting your neighbours, your friends and your family know about the network programme you’re considering joining, have belief in the company and its products/service provision, have confidence in your introducing sponsor, then you have probably chosen the right company to work with.
Tip# 3/ Don’t be impatient by expecting things to happen overnight! Building a moderately productive downline in any network marketing programme takes TIME - many months not many weeks.
Tip# 4/ Read tip 3 again and avoid like the plague any company which suggests otherwise or does not require you to invest in the development of a distributor base. If your prospective sponsor in the network marketing programme you’re being invited to join doesn’t stipulate that it takes TIME to build a significantly productive downline then it’s not a business your being invited to join but a game - and one you’re bound to lose!
Tip# 5/ If you want to dine with the classes - deal in products or services wanted by the masses!
If you have tried Network Marketing before and failed, you probably chose the wrong company, the wrong sponsor, or the wrong product.
IS NETWORK MARKETING FOR YOU?
A message from the Prime Minister the Rt. Hon. Tony Blair MP to the Direct Selling Association.
” I’m delighted to offer my support to the Direct Selling Association and point out to you how big a part direct selling is of our domestic market in the sale of goods and services. We’ve got something like 13% of the entire home shopping market done by direct selling, almost half a million people are involved in direct selling and 40,000 of those are doing it full time…It also shows how, in a changing economy and changing labour market, there are great new opportunities out there.
I want to say to you that this is a good thing to be involved in and that we, as a Government recognise the tremendous contribution that people who are taking up direct selling opportunities can make to the overall prosperity of the economy. So it is well worth doing, well worth being involved in and I wish those of you who are engaged in it, the very best for the future.”
The above is the text of a video message given to members of the Direct Selling Association on the occasion of the DSA’s Annual Conference held at Hinckley Leicestershire on 5-6 May 1999.
TO SUM UP
Network marketing isn’t for everybody. While some people swear by network marketing, others simply swear! (Read tip No. 3 again to find out why). To succeed in network marketing you will need determination, commitment, enthusiasm and most importantly - a burning desire for success. If you believe you have those qualities get back to the person who provided you with this information TODAY.
Arvel
Oct
26
Does anyone have a list of network marketing companies in South Africa?
Filed Under network marketing | 5 Comments
Werner J asked:
I’m returning to South Africa in three weeks, after living in the UK for 3 years. I discoverded the ‘miracle’ of network marketing. I would like to know if anyone out there has a list of more than 5 companies that uses network marketing in SA.
I’m returning to South Africa in three weeks, after living in the UK for 3 years. I discoverded the ‘miracle’ of network marketing. I would like to know if anyone out there has a list of more than 5 companies that uses network marketing in SA.
Thank you beforehand
I’m looking to join a Network Marketing company. Can anyone help/ recruit?
Vincent
Oct
23
Ian Williamson asked:
Networking is obviously an essential part of network marketing. Every successful network marketer knows this to be true. Although networking is such an intricate part of network marketing, the two terms are not synonymous. However there are many similarities. Both rely heavily on people skills. Both require people to confront their fear of talking to other people. Both carry with them the risk of rejection. Both also carry with them enormous opportunity. And to some people, both are considered dirty words.
Of course people that consider networking as something that is ‘not done’ don’t understand what networking is really about. The same can be said of people that think network marketing is something that is beneath them. Many people think of networking as a way to get connected solely for their own advancement in life. In that respect a person might feel that it is unethical or not noble to network. This line of thinking stems from the idea that advancement will always come at the expense of someone else, that success in life is a zero-sum game. These people often look at network marketing from the same perspective. They think of profiting from other people’s efforts as something that is negative and not fair to them. In reality, successful networkers will tell you that it doesn’t work that way at all. Networking doesn’t have to be at anybody’s expense and the business of network marketing doesn’t reward anyone for taking advantage of others. It actually rewards people for helping other people to succeed. In that respect it may very well be the most ethical business model in the world today.
A lot of the negativity around networking can be explained by the different types of networkers. Some can be considered ‘hunters’, moving in for a quick kill, after which they move out again. They often operate without regard of the other persons interest and because of this they will enjoy the fruits of success for only a limited period of time. Often it will not take long before people find out what’s really driving the hunter. Once they see that he or she is only looking after his or her own interests, their willingness to interact with this person will quickly evaporate. By contrast, truly successful networkers are often ‘farmers’ who spend a lot of time sowing and nourishing their relationships, instead of just focusing on reaping. They invest in their network, they energize their network. They use their network, but they never ever abuse their network! And their network knows this. A true networker will always keep the interests of others in mind. That’s why working with a true networker is so enjoyable. Networkers are often very likeable and as such people like to interact with them.
Networking is a skill that is essential to all businesses not just network marketing. Although network marketing differs in many ways from the more traditional forms of doing business, the importance of networking is just as prevalent. If not more so. A network marketer that doesn’t know how to network will be out of business in no time. Network marketing is first and foremost a people’s business and this implies that the ability to effectively work with people is absolutely critical. This is why successful network marketers are extremely adept at networking. Many have found out over time that developing this skill can pay off in many areas outside their network marketing business as well. Business owners who have started a home based business on the side often apply their enhanced networking and people’s skills in their traditional business with great success. For some network marketers this spin-off has earned them more money than the income from their network marketing business itself.
So whether you are in network marketing or in a more traditional type of business, don’t underestimate the importance of becoming an effective networker. And if you really want to master this skill you may find there is a lot to learn from good network marketers. So if you happen to know anybody that fits that description, try and benefit from their knowledge on the topic. It will surely help you network your way to success!
Mark
Networking is obviously an essential part of network marketing. Every successful network marketer knows this to be true. Although networking is such an intricate part of network marketing, the two terms are not synonymous. However there are many similarities. Both rely heavily on people skills. Both require people to confront their fear of talking to other people. Both carry with them the risk of rejection. Both also carry with them enormous opportunity. And to some people, both are considered dirty words.
Of course people that consider networking as something that is ‘not done’ don’t understand what networking is really about. The same can be said of people that think network marketing is something that is beneath them. Many people think of networking as a way to get connected solely for their own advancement in life. In that respect a person might feel that it is unethical or not noble to network. This line of thinking stems from the idea that advancement will always come at the expense of someone else, that success in life is a zero-sum game. These people often look at network marketing from the same perspective. They think of profiting from other people’s efforts as something that is negative and not fair to them. In reality, successful networkers will tell you that it doesn’t work that way at all. Networking doesn’t have to be at anybody’s expense and the business of network marketing doesn’t reward anyone for taking advantage of others. It actually rewards people for helping other people to succeed. In that respect it may very well be the most ethical business model in the world today.
A lot of the negativity around networking can be explained by the different types of networkers. Some can be considered ‘hunters’, moving in for a quick kill, after which they move out again. They often operate without regard of the other persons interest and because of this they will enjoy the fruits of success for only a limited period of time. Often it will not take long before people find out what’s really driving the hunter. Once they see that he or she is only looking after his or her own interests, their willingness to interact with this person will quickly evaporate. By contrast, truly successful networkers are often ‘farmers’ who spend a lot of time sowing and nourishing their relationships, instead of just focusing on reaping. They invest in their network, they energize their network. They use their network, but they never ever abuse their network! And their network knows this. A true networker will always keep the interests of others in mind. That’s why working with a true networker is so enjoyable. Networkers are often very likeable and as such people like to interact with them.
Networking is a skill that is essential to all businesses not just network marketing. Although network marketing differs in many ways from the more traditional forms of doing business, the importance of networking is just as prevalent. If not more so. A network marketer that doesn’t know how to network will be out of business in no time. Network marketing is first and foremost a people’s business and this implies that the ability to effectively work with people is absolutely critical. This is why successful network marketers are extremely adept at networking. Many have found out over time that developing this skill can pay off in many areas outside their network marketing business as well. Business owners who have started a home based business on the side often apply their enhanced networking and people’s skills in their traditional business with great success. For some network marketers this spin-off has earned them more money than the income from their network marketing business itself.
So whether you are in network marketing or in a more traditional type of business, don’t underestimate the importance of becoming an effective networker. And if you really want to master this skill you may find there is a lot to learn from good network marketers. So if you happen to know anybody that fits that description, try and benefit from their knowledge on the topic. It will surely help you network your way to success!
Mark
Oct
19
Scammed by Similar Company asked:
Besides the people who start their companies. Does anyone out there have REAL proof (not pie in the sky projections or bogus propoganda) of a Network Marketing company that has made money for more than the folks who started the company? If so, did the company comply with the law OR are all Network Marketing companies just pie in the sky building profits on the backs of those they try to sell on “The Dream”?
Bud
Besides the people who start their companies. Does anyone out there have REAL proof (not pie in the sky projections or bogus propoganda) of a Network Marketing company that has made money for more than the folks who started the company? If so, did the company comply with the law OR are all Network Marketing companies just pie in the sky building profits on the backs of those they try to sell on “The Dream”?
Bud