Network Marketing Explained, for Novices

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.

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Direct Sales and Multi-Level Marketing; Is There a Difference?

Do you want to start a new venture? However, do not have the capital for it, then direct sales as well as multi-level marketing is the best option for you. No doubt, both these business models work on parallel lines; they differ in product type, organizational structure, costs etc.

While the product range of direct sales companies, mainly include a range of durable products, products that have a substantial cost and generally have a single sale. In contrast, multilevel marketing companies generally offer consumable products, which have a lower cost and can be sold repeatedly.

Direct selling generally operates with a centralized manufacturer who manufactures the product, the business then contracts out the sales jobs to people who then go about selling the product door-to-door. They generally receive commissions on the volume of sales done by them. The model followed by multi-level marketing companies are almost similar but not without a twist. In this model, the salesperson can appoint other people into the company, which also forms their down line. This down line becomes the selling team as well as the income source for the recruiter. In multilevel marketing, the recruiter becomes eligible to collect a percentage of revenue from the people in the down line and as long as the members of the down line continue to sell and recruit more people the entire chain will earn income in addition to revenue from their own sales.

The startup costs can differ from company to company, however multilevel marketing companies have low startup costs. The low costs of products contribute to the low investment costs at the initial stages. As people are constantly being recruited, no inventory needs to be maintained, however, in direct sales, as the sellers need to maintain a stock of their products, the level of investment at the initial stages automatically increases.

Their sale territories, time and physical availability often bind direct salespeople. The most successful direct salespeople only earn money on their personal sales. Growing a sales force of other salespeople is generally reserved for sales managers. However, in multilevel marketing distributors are customers who also recruit more distributors, they are generally not bound by any territories.

A multilevel marketing often is compared to pyramid frauds, as the payment structure is almost similar but genuine and legitimate Multilevel marketing programs set a limit on the level of up lines that can collect an income.

The difference between direct sales and multi-level-marketing is very few, but both of them are part of selling a product to earn an income.

Network Marketing, A Good Income Opportunity After Retirement

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Every employee on the job force expects to enjoy a healthy and happy retirement, however these days it has become increasingly difficult to save for a fruitful retirement with the rising living expenses. The plan of working until the magic age of 65 years, and then hoping to have a big-enough nest egg to live on for 25-35 years after that doesn’t work anymore. Many people are just not able to save enough for the retirement lifestyle they hope to.

The gap between your inadequate nest egg and your retirement can no doubt be bridged by continuing to work, but then it wouldn’t actually be retirement. The alternative which has gained a lot of popularity is network marketing, or direct marketing.

As we get older, the energy to work diminishes, so it is important to find something less demanding but generates a solid income in the years to come. Network marketing gives a great shot for making a reasonable residual without having a lot of experience in the field and can be done in the comfort of your home.

Network Marketing is an entirely unique way to promote and distribute products and services. The conventional ways of marketing and advertising are done away with, instead that amount is used to pay commission to its distributors and agents.

Network marketing offers very less obstacles to start with rather than a conventional business and it offers the support, encouragement and opportunity to retirees to stay actively involved and connected with others.

Use the Christmas holidays To Your Advantage In Network Marketing

Christmas is almost here, and it is one time of the year when the entire world is in a holiday mood. So how can we use it to our advantage, well it is also the time when people socialize the most, meet friends family, and colleagues in an atmosphere away from usual pressures of work. This season also works as the best time to be armed and ready for a successful year in 2015.

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We have listed a few things you need to follow during this season which would help you gain an edge this holiday season

Before the start of the holiday season, get your downline together and encourage and motivate them to make the best use of the holidays for prospecting and recruiting. Even if a fraction of them take cognizance to your advice, it would benefit you hugely.

This season entails attending a lot of holiday parties with colleagues and holiday dinner with family and friends. Keep your ear to the ground. You are likely to hear a lot of disgruntled employees complaining about their boss of their jobs in general, the financial crunch, and wishing they were doing something else. However do not make your pitch then, because nobody likes to hear a sales pitch during a Christmas Party. Instead, make a list of the prospects, who you can contact over a period of time.

The most productive week is the one between Christmas and New Year, Half the world is doing absolutely nothing, they are on holiday from work and even if they are working, they are only checking their mails. It also happens to be a great time to contact people who will also listen to you.

No doubt the season of Christmas is the best for gaining prospects and is it any good for recruiting; it definitely is, if you have worked your prospect list around the festival calendar. Jews, Hindus and Muslims don’t celebrate Christmas and so do lots of other people. You need to focus on whom to call rather than who you cannot call.

Now that you know how you only stand to gain from this Christmas Holidays, you can get to work immediately and Happy Holidays

Network Marketing For Stay At Home Moms

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Once their children have grown up and started school, many stay at home moms feel the urge to get back to work and utilize the additional time at their disposal. However they also need an opportunity close to home, so that they are always at hand to fulfill their commitments at home. Somehow stay at home momes cannot commit to an entirely office environment.
Network Marketing, is not a job but a business model, an income opportunity which allows stay at home moms to work within the confines of their home at their own pace.

The Best of Both Worlds

Network Marketing offers stay at home moms the best of both worlds, the home and office. It helps them strike a balance between their work and family commitments. There is no overheads involved, no staff, no heavy investment, minimum space, and it can be conducted from home itself, so they are independent financially as well as they are able to fulfill their family obligations.

Flexible Working Hours

When kids are away at school or are asleep, moms have spare time and opportunity to conduct their work without any disturbances. Network marketing can be done part-time there is no need to devote all your time to it.

Socializing and Increase in Social Network

Stay at home moms have the widest social circle, the carpool, playground, school, besides their family and friends. Network Marketing offers them the opportunity to tap this circle and get them connected.

Personal Growth & Development

Network Marketing opens up a wide range of opportunities for moms to earn an income, as they become financially dependent. However besides the financial opportunity it also offers opportunities to sell their products, making them more confident in their marketing skills also giving them a sense of pride and accomplishment.

So if you are at the end of your maternity leave and would like to devote your time with your kids, don’t fret, when you say goodbye to the corporate world, say hello to network marketing and its income opportunities and strike the balance.