The Stigma on Network Marketing How It Really Works.
When most people think of network marketing the first thing that comes to mind is selling vitamins to their friends and family. Today I want to break and dismiss this stigma about the network marketing industry and explain how it really works so that you can make the best decision and know if this business option is right for you.
Network marketing, MLM or multilevel marketing has been around for decades and its beginnings date back to the 1940s. The reason why it has become a Profitable Business during all these years is because the company uses a different strategy saving money in advertising which allows you to produce a higher quality product or service and creating consumer networks that benefit everyone within it.
To promote their products and benefits, they use the most effective form of "word of mouth" advertising and reward network members with commissions for distributing the product on a network or adding new members. This becomes a win-win relationship for both the company and those within the network marketing company.
Misconceptions About Network Marketing How It Really Works:
The network marketing industry is not about selling just nutritional products. There are many companies as products to promote, in addition to each having different systems to generate commissions.
Network marketing is not selling door to door or harassing friends. These have been some of the bad practices that have stained the name of this industry. What this Business is about is basically building a network of people who consume a product or service and properly training them so that they too can build their own network.
Network marketing how it works and income is obtained:
1. For the sale of the Product.
2. For the entry of a new member to the Network.
The main attraction of this industry is that the system allows you to get a commission for everything your network generates. So you will be earning a percentage for the results of your team.
Times change and network marketing is constantly evolving, incorporating new tools and obtaining income with high consumption products.
Why network marketing doesn't work for people:
• Rejection. All human beings are not very resistant to rejections. One of the bad practices in this industry is to encourage new entrepreneurs to invite anyone to join their network, the only thing that produces thousands of refusals. That's why it's important to join a company that teaches how to find the right people to present the opportunity.
• It depends on you. Network Marketing is a Business, many new entrepreneurs take this industry as a hobby and think that being able to do part-time is an easy business. The harsh reality is that it is as demanding or more than any other business, it is necessary to invest time and effort to obtain results.
• The product. An important factor to be successful in network marketing is having a product that is to your liking and that adapts to your lifestyle, not because of the benefits or what it is made of.
• Have a Work Plan. This is the most important of all, 90% of the failures in this industry are due to the fact that new members do not have a system to follow day by day that teaches them the necessary marketing skills and how to develop the business. It is important that before joining any such opportunity you ask them to provide you with their work plan.
Most people speak ill of network marketing because they simply don't know how it actually works or have had bad experiences because they didn't know the above points. Fortunately this will not be your case, the information you just read will help you make a better decision and join this successful industry.
I remind you that network marketing is NOT for everyone and that to earn a good income it takes a lot of work and learning new skills.
Much success!!
