How to be successful in network marketing
By: toller54
| Posted: 02nd May 2006
How to be successful in network marketing
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What is network marketing?
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Network marketing or MLM shouldn't be confused with pyramid
selling.
It is literally marketing products through a network of
people. This form of distribution is word of mouth or
recommendation.
It's an intellectual form of distribution as unlike
retailing the distributors are often very knowledgeable on
the products
Large businesses can be built by sponsoring people and
teaching them to sponsor. MLM means multi level marketing
and refers to the different levels of compensation provided
by the company.
By the 1990's more than 100 billion dollars worth of
products were being distributed through Multi level
marketing, and that figure is growing rapidly.
The success of an MLM business is based upon the
distribution of products. This can be through purchases for
yourself, retailing to customers,and sponsoring others to
purchase wholesale.
High quality, consumable products with a good compenstion
plan will provide a sound basis for a successfull MLM
business,
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why network marketing is becoming so popular
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It used to be that people got a job, and probably stayed in
that company for life working their way up to the top
positions of the company.
Nowdays people feel more insecure in their jobs and worry
about being made redundant. With inflation and the rising
cost of living, pensions don't go very far.
Network marketing provides an opportunity to create a
residual income for life. It can be fitted in around a full
time job, and requires no qualifications. There's no
discrimination against age or sex, and there is the
potential for financial freedom.
Usually there is a minimal start up fee, and with no need to
stock up on goods this makes it a no risk investment. The
only real investment is your time and perseverance to make
it work.
MLM has enormous potential especially now as with the
internet you are no longer geographically limited. More and
more people are choosing to purchase online.
Products are usually of a high quality as money isn't spent
on advertising or packaging. Instead money is put into the
products themselves.
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Secrets to finding success in network marketing
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Although you work on your own you don't work alone. You
always have your sponsor and upline to call on if you need
help.
Before you start any business you must have a plan. Sit down
and work out a plan of action on paper. Get your sponsor to
help you do this.
Set yourself long term goals. How do you see yourself in 5
years time? Where would you like to live? What car would you
like to drive?
Break up these goals up into short term achievable ones.
Organise your tasks for each day and stick to them. This way
you won't get despondant and you can see a progress in your
business, no matter how small.
Do something each day to help build your business such as
making a point of contacting 2 people a day. If you did you
would be speaking to 14 a week, that would be 56 a month, or
672 a year. That's a lot of people!!
Network marketing really is a numbers game, the more people
you talk to the more chance you have of finding prospects
and ultimately big business builders. If you don't do
anything then you won't get anything and your business won't
grow.
Even if you only sponsor one person a month into your
business, by teaching them to sponsor and purchase the
products wholesale you could build up a highly profitable
business with huge potential.
You don't need to panic at the thought of hundreds of people
working in your downline and keeping in touch with them all!
If you have a simple duplicatable system that's teachable to
others you can just concentrate on the new people you have
sponsored. In the long run it will help your business to
grow faster as people won't be put off by complicated
marketing techniques.
Hand out business cards to people you meet.
Put flyers up on supermarket customer notice boards and
leave some in restaurants and cafe's. Flyers are very
inexpensive to print out on a pc. I often print a couple of
sheets out and then photocopy them, this saves on paper and
is very cheap.
Listen to motivational tapes and read books. I recommend
these 2 books "Think and Grow Rich" by Napoleon Hill, and
"The 45 Second Presentation that will change your life" by
Don Failla
Purchase some of your company's products and try them out.
It's better to know first hand about the products before
referring them to others.
Make use of your company's marketing tools. Audio tapes,
marketing leaflets e.t.c, and hand them out to people who
may be interested.
Don't try to sell the company or the products. The audio
tapes and leaflets generate an interest.
Don't try and get people to build a business if all they are
interested in is buying the products wholesale.
Sometimes you may find that people are just happy to
purchase from you and these become your retail customers.
Perseverance is needed as well as belief in yourself and the
products. It's very easy to quit at something just before it
starts to work. Don't ever give up!!
Kathy has her own mlm online business which you can visit at
http://www.healthandbeautytowealth.co.uk
She has written several articles on online marketing which
http://www.healthandbeautytowealth.co.uk/articles/articles.
you can find at html
Subscribe to Kathy's new monthly newsletter healthtowealth
email:subscribe2healthtowealth@...
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Tags: wholesale, word of mouth, high quality, residual income, perseverance, financial freedom, network marketing, marketing products, billion dollars, full time job, marketing network, mlm business, pensions, inflation, risk investment, multi level marketing, discrimination