In this video blog post, I’m going to answer the question is a network marketing the best home-based business to start.
Network marketing sometimes gets a bad name, not because of the business model but because of how people present it.
But if you really look at network marketing from a business standpoint, what you’ll find is it’s hard to beat when it comes to start-up cost, risk, and monthly expenses. Throw in the fact that you can make a pretty much-unlimited income, network marketing, in my opinion, is, in fact, the best home-based business you can start.
Is Network Marketing The Best Home Based Business?
Network marketing is not perfect, it does have its downside but compared to other business models out here, its the best thing going. For starters, there’s a low-cost to get started. A few hundred bucks and you’re a business owner. Most network marketing companies will require you to have some type of auto-ship to stay qualified as a distributor. Auto-ship is like the monthly rent if you had a traditional brick and mortar business but without the high cost.
If you owned a traditional business, you would have rent, light bill, employee overhead to name a few. With a network marketing business all you need is to stay active on your auto-ship to stay active as a business owner. Some companies may have different requirements. Make sure you find out before you sign-up.
And as far as income goes there is no limit to how much you can make. You are paid from your production. Produce more get paid more.
What’s The Best Network Marketing Company To Join?
Before I get into the specifics on how what’s the best company to joining, I want to tell you the type of companies you should avoid at all cost.
- Any type of gifting programs. You might as well burn your money yourself.
- Anyone or any business that promises large sums of cash with little to no effort.
- Avoid programs that send you cash money in the mail.
I’ve personally known several people get involved in things like I mentioned above only to lose their money. Let’s be clear network marketing is simple but requires work, a lot of work and anybody who tells you otherwise is not being honest with you.
To be honest, there really is no “best” network marketing company. There are some companies that are better than others when it comes to products and even the compensation plan.
So how do you figure out the best company to join?
Here are a few tips that you need to keep in mind before joining a company.
Make sure it’s a product you can fully stand behind.
If you are comfortable selling or giving the product to your parents is a good indication that you can stand behind the product. Being able to fully stand behind your product or service is important. Network marketing is sales, and anything you’re selling you need to be confident in it.
You can’t be all about the money and not the product. You’re not setting yourself up for long-term success if you’re just about the money.
What kind of training do they provide?
Ideally what you want to look for is a system that shows the business for you. In my first network marketing company I had a DVD I would show. If someone was open to taking a look I’d simply had them watch the presentation. I did home presentations. I didn’t do anything fancy. I fired up the DVD player and pressed play. It was so simple anyone could do it. There are very few people that will want to stand up in front of people and give presentations but anyone can point someone to a link online or hand them a DVD or something and tell them to watch it.
Pay attention to how you were recruited or exposed to the business. Is it something that you feel comfortable duplicating and sharing with your recruits?
Duplication is what you want in your business. The easier you make the recuriting process the better duplication you’ll get.
Can You Build A Network Marketing Business Online?
In my experience, you can recruit new reps and customers all using the internet. You’ll still need to pick up the phone. Network marketing online does not mean you’ll never have to talk to anyone. In fact, you’ll end up talking to more people, which is a good thing.
Although it’s not as simple as just posting your link, which is what most people do. I learned about attraction marketing. Attraction marketing is where you attract people to you from some form of content that you put online.
I use the internet, I blog, create videos all to attract people to me. I also promote affiliate products for additional streams of income.
It does work. I generate leads daily from these types of blog post and from my YouTube channel. Even from old post and videos, I created months and years ago! If you would like to know more details feel free to send me an email at email@example.com
While attraction marketing works to build a network marketing business online, it does take time.
If you need to make money fast, I suggest doing some active prospecting. That means you are the one reaching out to people seeing if they are open to taking a look at your business.
Believe it or not, some companies won’t allow you to use the internet to build your business. Some won’t even let you promote none competing products or services. Make sure you read your distributor agreement before you sign it. If you are in doubt I would suggest to call the customer service line and ask.
Keep in mind above all else, YOU are the one in control of your failure or success. No matter which company you decide to join, YOU are the one constant no matter where you go. Don’t get hung up on trying to choose the best company, instead work on making yourself better. It’s very likely you won’t be with the same company forever. That’s why it’s important to learn the skills that go into building a business. You can go build any business you want once you do.
How To Start A Network Marketing Business Online?
My first suggestion for starting your business online is to find some type of marketing community you can join. There are a ton of network marketing forums out here filled with great advice. I also suggest you find a marketing system. Learning how to market is the key to attraction marketing.
Finding a marketing system can serve two purposes. First, you’ll learn skills that will help you grow any network marketing business. Second, you can potentially add an additional stream of income to your bank account.
I’ve been a part of a marketing system for the past few years, that’s taught me the fundamentals of marketing online and they have a pretty sweet affiliate program that comes with it. If you haven’t found a marketing system yet, consider checking this out.
I also suggest you focus on building your email or marketing list. An email list is simply a collection of peoples names, email addresses and sometimes phone numbers of people who want to hear from you.
Let’s say you just joined a new business, if you build an email list, you can write up an email letting your list know about it and invite them to join.
How To Build Your Network Marketing Business Quickly
The best way to build your business quickly is you go out and hustle up some business by meeting people. You can control how many people you meet. You can’t control when your marketing will kick in. Now once you learn marketing, and you start generating leads on a daily basis, active prospecting can become optional.
In addition to active prospecting, creating a piece of content every day will help with momentum in building your business. Here’s a daily routine that I recommend to my coaching clients and people who are just starting out.
- Exercise – Yes, exercising should be a part of your daily routine. I don’t have to go into all the benefits of it. You know you should be doing it so do it.
- Personal development – Just like exercising your body, you should exercise your mind with personal development daily. Read a book, attend training or work on learning or getting better with a new skill. Spend at least 30min per day learning a new or further your knowledge of an existing skill.
- Meet three to five new people – Make it a goal to show your presentation at least 3-5 times a day.
- Create one piece of content – A piece of content can be a blog post, video, or a social media status update. Make sure your content solves a problem or answers a question. I prefer to create blog post and videos.
That’s a good list to get you started. Your success or lack thereof is what will dictate the type of success you’ll have.
My Final Thoughts
I believe everyone should be involved in network marketing. It has a very low risk with a high reward that you just won’t find any other business model. It’s not easy though, it’s going to take work. If you follow the strategies and tips I mentioned in this article you’ll be well on your way to building the business of your dreams!
If you like these kinda tips and you want to connect with me, feel free to reach out, my contact information is down below. I’d love to hear from you!
To Your Massive Success
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