When an individual asks me, "What is network marketing?" I constantly say "it depends". Simply because to some people it is going to be a "scam" and to other people it signifies a couple of hundred dollars per month in their bank account. And to a number of, "what is network marketing" indicates a fortune.
Based on WikiPedia, "Multi-level marketing (MLM) can be a marketing strategy in which the sales force is compensated not just for sales they personally produce, but also for the sales of other individuals they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation." To those that feel it's a scam, chances are they simply didn't get in, get busy and make it work for them.
What exactly is Network marketing? - Understanding The basics
Every single business is in business to produce a profit and thing needs to be sold. It does not matter if you are speaking about Barbie Dolls, vitamins or cell phone service. No one makes money unless a product or service is sold. Inside a normal retail atmosphere, the product is commonly produced, shipped to a warehouse, then shipped again to a retail outlet where it is sold to a consumer.
Network marketing eliminates the store and it is replaced by a distributor's home where she keeps the products until they are sold to her buyers. Network marketing gives a big advantage to firms simply because they don't have the expense of renting or purchasing retail outlets and staffing them and so forth.
The words "pyramid scheme" are frequently used when people talk bad about network marketing. But think about it. The top of the pyramid represents the most productive people in the business. The base of the pyramid represents all of the thousands of distributors. This can be no different than any other business model. The structure is exactly the same. The CEO is at the top and the people who function inside the little white cubicles or on the shop floor are at the bottom of the pile.
In a normal atmosphere, people suit up and show up daily and anticipate promotions, the occasional raise and a couple of days off every now and then . And, hopefully, any raises they receive over the years will keep up with inflation.
With network marketing you work at your pace and that pace determines how much you'll make. If you get in and get busy and work to lead a team of go-getters like yourself, you are able to rapidly create an enormous network of active distributors, producing a good passive, residual revenue for yourself and your team members.
Lots of people who join a network marketing opportunity are content to simply purchase the products and services at wholesale prices, maybe, retail the products here and there when the opportunity arises. This will earn a few hundred dollars per month. However the earnings possible is considerably more than that. In fact, there is no cap towards the quantity of income that is possible to make or how rapidly you are able to earn it.
It does take a good deal of hard work, but you are doing it for the benefit of the business and your loved ones and not somebody else!
What exactly is Network Marketing? - Leveraged, Residual Revenue
In case you are trading time for money, there is only so much time to work so your earnings are naturally capped. Inside the network marketing model it is possible to build a team of distributors who also work hard and you'll be able to earn good commissions based on the time and effort they put in. This removes the revenue cap and, in time, you are able to begin earning of 500, 1000, even tens of thousands of dollars working only 2-10 hours per week.
So now you can see how the sky's the limit in the network marketing business if you work hard. So what's network marketing - it's a way to escape the corporate rat race and take pleasure in a substantial income even though living a life that most people only dream about.
Based on WikiPedia, "Multi-level marketing (MLM) can be a marketing strategy in which the sales force is compensated not just for sales they personally produce, but also for the sales of other individuals they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation." To those that feel it's a scam, chances are they simply didn't get in, get busy and make it work for them.
What exactly is Network marketing? - Understanding The basics
Every single business is in business to produce a profit and thing needs to be sold. It does not matter if you are speaking about Barbie Dolls, vitamins or cell phone service. No one makes money unless a product or service is sold. Inside a normal retail atmosphere, the product is commonly produced, shipped to a warehouse, then shipped again to a retail outlet where it is sold to a consumer.
Network marketing eliminates the store and it is replaced by a distributor's home where she keeps the products until they are sold to her buyers. Network marketing gives a big advantage to firms simply because they don't have the expense of renting or purchasing retail outlets and staffing them and so forth.
The words "pyramid scheme" are frequently used when people talk bad about network marketing. But think about it. The top of the pyramid represents the most productive people in the business. The base of the pyramid represents all of the thousands of distributors. This can be no different than any other business model. The structure is exactly the same. The CEO is at the top and the people who function inside the little white cubicles or on the shop floor are at the bottom of the pile.
In a normal atmosphere, people suit up and show up daily and anticipate promotions, the occasional raise and a couple of days off every now and then . And, hopefully, any raises they receive over the years will keep up with inflation.
With network marketing you work at your pace and that pace determines how much you'll make. If you get in and get busy and work to lead a team of go-getters like yourself, you are able to rapidly create an enormous network of active distributors, producing a good passive, residual revenue for yourself and your team members.
Lots of people who join a network marketing opportunity are content to simply purchase the products and services at wholesale prices, maybe, retail the products here and there when the opportunity arises. This will earn a few hundred dollars per month. However the earnings possible is considerably more than that. In fact, there is no cap towards the quantity of income that is possible to make or how rapidly you are able to earn it.
It does take a good deal of hard work, but you are doing it for the benefit of the business and your loved ones and not somebody else!
What exactly is Network Marketing? - Leveraged, Residual Revenue
In case you are trading time for money, there is only so much time to work so your earnings are naturally capped. Inside the network marketing model it is possible to build a team of distributors who also work hard and you'll be able to earn good commissions based on the time and effort they put in. This removes the revenue cap and, in time, you are able to begin earning of 500, 1000, even tens of thousands of dollars working only 2-10 hours per week.
So now you can see how the sky's the limit in the network marketing business if you work hard. So what's network marketing - it's a way to escape the corporate rat race and take pleasure in a substantial income even though living a life that most people only dream about.
About the Author:
Joe Burke writes under the names jbmuchin and augustus1. His many topics include MLM, Multilevel Marketing and Network Marketing. His writings can be found on many article directories.multilevel marketing, andmultilevel marketing
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