Network Marketing Information You Need to SucceedTrustworthy Network Marketing information is hard to find. Here is a general overview of the industry. I will use NWM as an abbreviation for Network Marketing throughout this page. It's just easier to type.
“What is Network Marketing?”NWM is a marketing system that allows you to work from home and build a business that supplements your income. NWM may help you earn a couple of hundred dollars a month or even overtake your regular income.NWM covers a broad range of products from cosmetics, cooking, containers, legal support, telecommunications, health and nutrition, financial services…
“Beware of the downside of Network Marketing?”The network marketing information you absolutely need to know is - NWM is not for everybody no matter what your upline tells you.This myth has been passed on from the beginning of NWM. The truth is – most people are comfortable in their jobs and do not want to change no matter how much they complain. Many people love their jobs. 95% of NWM don’t make enough money to stay in business for more than a year or two. Many loose interest and motivation because they didn’t know what to expect. Not everybody makes money. Starting a network marketing business without doing your research is like putting together a bike at Christmas without reading the directions. Your basic motivation is the joy and excitement your child will have. The truth is that it may be more than you can handle if you don't have the needed information.
“How does NWM work?”It is critical that you understand this network marketing information! You absolutely need to have a business mindset not an employee mindset.NWM focuses first on marketing and selling products locally, nationally and internationally. Representatives get paid a commission on products they sell. Nobody gets paid if products aren’t sold. Beware of anyone who tells you anything different! Secondly, a NWM business looks for independent representatives instead of employees to market their business and take care of the customer base. As your business grows you will get paid a percentage of their efforts also. Thirdly, growth happens when you can duplicate yourself in others. You need to be committed to the ongoing training of those you have brought into your business. In traditional business you get paid on the efforts of your employees. In NWM you get paid on the efforts of independent representatives instead of employees. You can build your business as large or small as you choose. It’s your business and you are in control.
“How do I choose a NWM Company?”When looking for network marketing information here, take your time. There is no rush. This information is huge. There is a link at the bottom of this section that will give contact information on over a thousand companies.There are over 1000 NWM and MLM companies. This large number of companies gives you the flexibility to choose multiple companies or one that suits you the best. It is critical to gather key network marketing information and MLM information such as, company websites and product information. To discover which company is best for you, take a personal inventory and ask, “What are my interests?” A major cause of failure in NWM is this – people are SOLD on an opportunity and they have no interest or experience with their products. For example, if a house wife who is interested in educational books for her children is SOLD an opportunity in a technology company. She will have a much more difficult time climbing that mountain than she would if she was in children’s books. Ask yourself – “What excites me? What am I interested in? What am I willing to learn about?
Gathering good network marketing information or MLM information is critical! This cannot be reinforced enough. “Why should I consider NWM instead of a traditional brick and mortar business?”With a traditional business the start up costs can range into the millions. People mortgage their homes and call on banks, friends and family to get up and running. There are no guarantees that you will succeed this way. 95% of all new business start ups are out of business within 5 years.NWM allows you to start a business with a small amount of money – usually a couple of hundred dollars - compared to hundreds of thousand of dollars. Again there are no guarantees but the cost of not succeeding is next to nothing. The business knowledge and experience you will acquire from NWM will cost much less than a traditional business.
“What is the time and money commitment for NWM?”Knowing this network marketing information is a must. Many people join a companies opportunity without checking out the cost in both time and money.You should not even consider NWM unless you can commit to 10 – 20 hours a week. This time commitment should be divided between: - Learning about your company - Acquiring customers - Prospecting for people interested in starting their own business - Learning marketing skills (outside of what your company teaches) - Learning sales skills - Tracking of your efforts (finding what works and what doesn’t) - Follow up with customers and business partners You should not consider NWM unless you can budget at least $200 per month. Your budget should include phone, cell phone, cost of promotional materials, advertising costs, company training costs, national training costs, mailings, gas and other specific costs related to your business. Remember this is a business and the government allows certain business deductions if you work from home. You should talk to your tax preparation person or an accountant to know the tax benefits. Figure in your tax benefits when deciding on your budget.
“What do I need to do NWM?”You will need:- Transportation - A computer - A contact manager like Outlook or ACT - A phone - A cell phone will give you more flexibility - A quiet place to make calls - Marketing material - Sales materials - General office supplies - Training materials - Sample products
“Who can own a NWM business?”You will have to be over 18 in the United States unless you are a Corporation or LLC.Make sure to contact a prospective company's web site to find out the exact information.
Here's to your success, Mark Sinclair Network Marketing & Small Business Marketing Consultant serving the World and the San Gabriel Valley including Glendora, Chino, Chino Hills, Walnut, San Dimas, Pomona, La Verne, Azusa, Covina, West Covina, Claremont since 2004 Phone 909-260-3724 542 E Bellgrove St San Dimas, Ca 91773
|
