When asked the question ‚”What is network marketing?“‚ I usually reply by saying it's a wonderful way to earn substantial earnings as well as enjoying a great deal of freedom along with an excellent lifestyle.
Network marketing or multi-level marketing is essentially an approach of direct sales. Whenever I encounter people who say‚ “Ah, that's a scam”‚ I usually really feel rather sorry for them. They've obviously tried network marketing or know somebody else who has, and they've failed to create the work it takes to succeed.
What Exactly is Network marketing?: The Basics
Products do not sell themselves. It does not matter if they're vehicles or widgets. If there's a demand for those items, then they have to be taken out of a warehouse and distributed towards the people that want them – which entails marketing. In typical retail sales, for instance, a supermarket, the manager will call the warehouse and place an order that may go out to his bricks and mortar store.
Network marketing is quite distinct. The retailer is replaced by a distributor's home, where she keeps the products until they are sold to her customers. This provides a massive benefit to firms due to the fact they do not have to foot the expense of renting or getting retail outlets and staffing them etc.
What Exactly is Network marketing?: Is it a Pyramid Scheme?
The words ‚ “Pyramid Scheme”‚ are typically employed when people talk bad about network marketing companies. But think about it. The best example of a pyramid represents the most successful people within the corporate business world.
The base of the pyramid represents all the thousands of distributors. This can be no different from any other business model. The corporate structure is exactly identical. The CEO is at the top and the people who work in the small white cubicles or on the shop floor are at the bottom of the pyramid.
In a normal business, most people spend their working lives looking forward to promotions and pay raises, which may come annually – if you're lucky. If they keep up with inflation, you are even luckier. It does not matter how hard you work for numerous corporate businesses, promotion will only come along infrequently, if at all.
So what exactly is network marketing? – it's a life that can be a lot clearer. In the event, you start out working very hard and build a successful team, you are then able to rapidly move up inside that “pyramid”. This can happen without having to kill yourself, working for 40 years or more.
You're able to stay at the bottom of the pyramid if you're happy there by just promoting sufficient products to give you a few extra dollars a month. But the sky's the limit. If you want to move up and join those earning substantially more it's possible to do so.
This can also be done relatively quickly if you work hard and smart. It can be tough initially where you feel that you're being over-worked and under-paid but if you're persistent, it can lead to a situation where you're under-worked and over-paid. Always remember that you're doing this for the benefit of your business and your family and not somebody else's!
What Exactly is Network marketing?: It's about Leveraging Other People's Time
You can only find so many hours in a week that one particular person has to run his business. In the course of that time, you may have the ability to sell about 50 units of product per week, for which you'll earn a commission. To become profitable in network marketing, you will need to recruit a productive downline team.
Perhaps after a year you've built a team of 200, each selling 50 units a week. Now in the network marketing system, you'll also be credited with selling those 10,000 products, and you earn commissions accordingly.
So now it's possible to see how the sky's the limit within the network marketing field. So what exactly is network marketing? – it's a way to escape the corporate rat race by having the potential to earn a substantial income and living a life that most people only dream about.
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