According to Wikipedia, network marketing is a way of doing business in which a sales force earns a commission not only for sales of products and services they personally generate, but also for the sales of others they recruit and bring into the business, which creates a down line of distributors and a hierarchy of multiple leveraged levels of compensation.
Benefits of Building a Successful Network Marketing Business Include:
- You can choose who you want to work with.
- You can work part-time or full time, you decide.
- You can give yourself an immediate raise through tax savings.
- You have the chance to become financially free and secure
- You can work in your pajamas, gym clothes or a ball gown
When you join a network marketing company, you are signing up to represent that company’s product, services and business opportunity.
You enroll by making a small investment upfront (usually $500 to $1,500). You’re not the company’s employee but rather an independent contractor, business owner, distributor, representative or consultant that represents the business.
You are awarded in commissions based upon the volume of product sold through your own sales efforts as well as the sales of the people you enroll into the business.
Your goal is to create a sales team beneath you, also known as a downline in order to benefit financially from your hierarchy of multiple levels of commissions. This is a very effective way to LEVERAGE your time and efforts through the work of others and make more money by the efforts of your team’s sales. Really this is the only way to really make substantial amount of money is by building your team of successful distributors. consultants. You are only as successful as your team is ….hence duplication is the keyword.
In a nutshell, to make money you need to personally sell the product and teach your team to sell the product because you earn commissions on the amount of product that’s sold.
Here’s an example of how network marketing commissions works.
Let’s say every time you personally sell a $500 product, you make $100. This month you sold 2 products. Your commission would be $200. (2 x $100)
Now let’s say you have a team of 200 people. Your commission is $10 on each of their $500 sale. This month each team member sold 2 products worth $500 each. Your total commission this month from your team’s sales is $4000! (200 x 2 x $10)
Pretty remarkable: you just made more money through your team’s effort rather than your own. This is what’s called LEVERAGING your time and effort. And that is exactly what Network Marketing allows you to do. This is one of the most effective ways to build financial freedom and security.
Wouldn’t you rather have 1% of other people’s efforts rather than 100% of your own effort? I say YES!
The Reality of Network Marketing
No one makes a cent until products and services are sold. And the only way to build a highly profitable network marketing business is to be willing to master the art and science of leadership, sales and marketing.
This requires that you educate yourself through courses, books, webinars, DVD’s and CD’s from successful people in the Network Marketing, Marketing and Sales and Leadership industry.
You will be stimulated, challenged, and stretch beyond what you know and within a very short time you’ll be implementing strategies to build a successful team. This is a very exciting and fun industry. You will be making new friends and business partners for life.
But It Just Got Easier in Network Marketing
With the use of the Internet, Network Marketers no long have to harass their friends, family or strangers to join their team. You will no longer experience the dread of rejection.
The Internet allows you to broaden your reach beyond your immediate circle of friends and family and attract the right people. People who also want their own business, want financial security and freedom, want to get out of a soul crushing job or want a better life for their family.
You will find on the Internet that there are people who will gladly join your team and build their team duplicating your efforts. (LEVERAGE)
By using internet marketing strategies and techniques your team grows in a matter of months rather than years. And that’s where all the excitement comes from. As your team grows and becomes successful, you become more successful and closer to your own financial goals that you aspire to.
- Network Marketing is a path to financial freedom and security.
- Network Marketing is fun, fast, and exciting.
- Network Marketing is promotes leadership development.
- Network Marketing is creative and stimulating.
- Network Marketing is a proven “million dollar” business model (more millionaires are created in Network Marketing than any other industry).