Why Network Marketing is the business of the Future?
- Dec 27, 2018
- 6 min read
Whether or not you are currently in network marketing, or have been involved with network marketing in the past, you have no doubt heard about it. In the past few years network marketing has become more popular. Celebrities such as Robert Kiyosaki and Donald Trump have also endorsed it.
Furthermore, network marketing is becoming a more popular career choice by many people including eighteen year olds who have just graduated from high school. If you are wondering about network marketing and why it might be the right career choice for you, let us share with you the reasons why network marketing is becoming so popular.
1. Network marketing offers flexibility. A traditional job simply does not offer the freedom and flexibility that you can have when you have your own network marketing business.
2. More efficient Business Model – The network marketing business model is simple but it is not easy, learn the skills.
3. Starting your own business is the only way to gain financial freedom and network marketing is a great way to get started with your own business without debt and a large investment. included.
4. Corporate employment and traditional jobs and becoming less and less secure. Having your own network marketing business is quickly becoming one of the only ways you can secure your own income and your own future.
5. The World is Now a Network – we live in a ‘global village’ technology is massively on our side, talk for free to anyone in the world
6. With an increasingly large selection of companies and opportunities to choose from, everyone can find a network marketing company with whom they feel comfortable working.
7. Salaries are decreasing while the cost of living is increasing with most professions. The only way in the future to even be able to make ends meet is going to be by making the power of leverage only available with network marketing work for you.
8. Rewards Equal Contribution – paid exactly what you produce, no more, no less (a level playing field, everybody starts at the bottom
9. Network marketing allows you to learn more about yourself and to develop self-confidence as well as many other skills, which you either cannot learn, or which are more difficult to learn in other situations in order to succeed.
10. Since success in network marketing is based upon the success of others, you will make many friends many of whom you will develop lasting friendships and relationships.
11. Old Business Models Fading – Overheads too high, profit margins too low -work from home is the new reality and NM is a perfect fit
12. No qualifications necessary – to hold you back, just learn the skills to be successful from the company your join, these will be free
13. Cost effective sales - MLMs don't have much operating costs, and so can instead channel the same money towards their own distribution force commissions
COMMON MYTHS ABOUT NETWORK MARKETING:
MLMs are pyramid schemes
In fact, the conventional corporate business structure smacks more of a pyramid scheme than a legitimate MLM does. With the lone CEO at the top being paid the most and the "worker bees" at the bottom stuck on their ladder rung with no hope of exceeding the CEO's income or stature, you have a pyramid.
A true MLM distributor's income is entirely dependant on their efforts expended. You could be a distributor and sign me on to become a distributor myself. Shortly thereafter you may fall out of interest with the company or family obligations could get in the way of your business efforts. I on the other hand, might choose to go gangbusters with it.
Although you are technically above me since you brought me on, I can exceed your income and stature within the company by building a stronger network of my own. You will of course be paid a percentage of what I make, but ultimately I will make more money than you for my efforts.
In fact, some MLMs will build in a protective measure against the "slackers" who recruit winning distributors since the slackers are probably not contributing to the success of their winning distributor's business. So the company will cap off the income the slacker can make, or sometimes cut them out of the loop entirely.
The difference between a pyramid scheme and an MLM is product. A legitimate MLM has a viable line of products to sell, with real and ongoing customers. A pyramid often won't have a real product, or one that is marketable. Or there may be a product, but it is a one-time purchase, is not marketable, or is unreasonably expensive.
MLMs are illegal
MLMs are in fact not illegal. Pyramid structures however, are illegal.
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MLMs are Get Rich Quick Schemes
It is hard work, and a full-time job if you want to get rich. You are not only servicing your own customers, managing sales and inventory, but recruiting new distributors, and training and assisting your distribution network. You are effectively your own CEO, and unless you personally hire a support staff to help you (which many successful distributors will do), you are wearing many hats.
The people you see in MLMs who have made huge amounts of money and are "living the life" on beaches around the world have invested years of hard work to get where they are, and continue to work in order to reap the benefits.
MLMs aren't viable due to Market Saturation
True - if everybody in the market is a customer or distributor, then there's nobody left to recruit and the people who were the last to buy in are duped. But show me a company that has total market saturation. Even (non MLM) corporate juggernauts manage to keep their businesses viable by continuing to develop products, change lines, and reinvent themselves. A legitimate MLM should also be doing the same.
FOOD FOR THOUGHT
If you learn this industry and you become successful you are going to affect the lives of lots of people. Your success is based on helping other people to be successful and that to me is a beautiful business model.
All you need to do now is to find the right company. A company that produces products and services that people need or will massively benefit from using but you can't do it all or learn it all in a few weeks or even a few months.
Think about this: We go to school for 12 years and college for four years to get a job that pays us $30,000 to $50,000 a year. But when we join MLM, if we aren't making $10,000 per month in short order, we're ready to quit.
Most successful MLM distributors has shown that they view growing their MLM business knowledge and earning that subsequent success as a lifelong process but that doesn't mean that as a newcomer you can't be relatively successful right away. Same for an old hand at the game who is still trying to find the right formula to make it work. Keep in mind that a lot of the legwork has already been done by others. The problem for most people new to MLM is picking the right company with the right product and the right system that suits their personal style, interest and skills.
A great asset of working with a mature company is that many people have already taken the arrows in the back pioneering workable business-building concepts. That can also be a roadblock, however, if you aren't provided with a simple plan that directs you how to use this knowledge.
To start, pick out a product or two that you feel good about. Then select two to three proven sales methods from your training materials. Concentrate on these methods, avoiding the temptation to expand. In other words, "narrowcast" rather than "broadcast" your efforts. Do the same with your sponsoring methods: Pick two concepts you're comfortable with and focus on these.
Your objective should always be to keep the plan as simple as possible but no simpler. In other words, don't be underprepared, but don't also do too much. Take it one step at a time and measure your success one day at a time. Yes, you'll have peaks and valleys, but work consistently, staying committed to your goal, and you'll get there.
Sources:
Peterrag.com
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