Category Archives: how network marketing works

How Network Marketing Works?

How Network Marketing Works?

The chances are some of your friends tried to recruit you into network marketing opportunities that seem like some type of money game or pyramid scheme. While other friends keep telling you to stay away from them as you’ll get yourself into trouble. How do you know who’s right?

How Does Network Marketing Not Work?

Network marketing is not a pyramid scheme. Pyramid is basically a money game that has no basis in real commerce and is based around the concept that people invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they’ll get rich. Modern-day pyramids may have a product, but it’s clearly there just to disguise the money game. Most often than not, there’s no product involved at all, just money changing hands.

Related article: What is affiliate marketing?

Network marketing isn’t about taking advantage of your friends and relatives. Only a few years ago, network marketing meant retailing to, and sponsoring people from, your “warm list” of prospects. Although sharing the products or services and the opportunity with people you know is still the basic foundation of the business, today we see more people using sophisticated marketing techniques such as the Internet, conference calling and other long-distance sponsoring techniques to extend their network across the country.

WHAT IS NETWORK MARKETING

So How Does Network Marketing Work?

Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella.

Wikipedia

Essentially, network marketing is a legitimate business based on providing people with real, legitimate products they need and want at a fair price.

Network marketing is a serious business for serious people. It’s a proven system for your own success. Just follow the simple, proven and duplicable system that the good companies provide.

How Can I Make Money With Network Marketing?

  • Yes, some people do make a lot of money through network marketing, however their individual results vary greatly and are the result of their own dedicated efforts in building an organization that sells real products and services. In network marketing, each person can multiply his or her efforts, skills and talents by helping others be successful.
  • No, network marketing isn’t a get-rich-quick scheme. Of course some people do make large amounts of money very quickly. Success in networking isn’t based on luck. (Unfortunately, money won’t sprout wings and fly into your bank account no matter what someone has promised you.) Success in network marketing is based on following some very basic yet dynamic principles. Some people don’t make any money at all as the amount of money you make depends on your time and effort. Be wary of pyramid schemes that are illegal and in order for a person to actually make money in a pyramid scheme, someone else has to lose money.


Related article: What is affiliate marketing?

How Does Network Marketing Work For Me?

Network marketing is all about leveraging your time and increasing the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts.

I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts.

J. Paul Getty

This very basic concept is the cornerstone of network marketing.

How Does Network Marketing Work For Others?

Most successful people building a network marketing business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.

By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.

The Breakdown of How Network Marketing Works

  • no big capital requirements
  • no geographical limitations
  • no minimum quotas required
  • no special education or skills needed.
  • low-overhead
  • home based business that can actually offer many of the tax advantages associated with owning your own business.
  • people-to-people business that can significantly expand your circle of friends.
  • enables you to travel and have fun as well as enjoy the lifestyle

Conclusion

Network marketing is certainly a great way of making money online, however, there are no magic pills and you still need roll up your sleeves and do some work. Individual results vary greatly but with a little time and effort you can succeed in network marketing.

Related article: What is affiliate marketing?