As per DSA reports, there are about 13 million people in the U.S. that are involved in network marketing. Even though the statistics are vague, there are millions, who are contributing to the development of this industry.
There is bound to be somebody in your lifetime who may have approached you with some network marketing opportunity, Network marketers exist everywhere, even in your neighborhood. It offers an individual a business opportunity, whereby the initial investment is low, and the person involved has the freedom to devote the number of hours to developing that business and even earn an income for it.
In an organization scenario, the employer leverages your time and skill to build their business and future. In network marketing, it works as an equal partnership where team members together help and assist in building the business to increase their own earnings. They have the flexibility of time and gather customers along the way. Hence, the name Network, members are paid for acquiring new customers because they assist and coach them to acquire new customers of their own, which in turn contributes towards building of the business.
In Network Marketing, the initial start-up costs range anywhere from just a few dollars to several hundred dollars. Where most network marketers fail is they feel that they do not need a marketing budget for advertising, they do not seek out the education required to succeed.
The most important thing in network marketing is you are your own boss, and your failure and success is entirely dependent upon you and your efforts. Network marketing is a real business, not a get rich quick overnight program; although a great, many naive marketers have exaggerated it on web sites. One of the most effective advertising tool in network marketing is, word of mouth advertising which is the most effective form of advertising. The major difference however is that, members are paid for the word of mouth advertising.
One of the most often asked questions in network marketing is; will I have to sell products and services? The answer is mainly yes. People do not like a salesperson coming to their door to sell products, so how would that differ to the selling in network marketing? Are network marketers different? Most definitely yes, because marketers recommend products and services used every day, if we use it and like it, we would definitely recommend it to our friends and family, making it easy to sell.
Network marketing is not a hard nut to crack, but in order to succeed you need to give it time and efforts. It also gives you an opportunity to take charge of your life.