Not sure which type of home based business you should start?
If you’ve been looking at network marketing and not sure what it is or how it works, check out this post and learn how mlm works and if it’s a fit for you.
What Is Network Marketing And How Does It Work?
Whether you know it or not, you are already doing network marketing in some capacity. Have you ever bought a piece of clothing from a store, and someone compliments you on it and ask you where you bought it?
You then tell them the store, and they go to that specific store and buy the piece of clothing? Congratulations you are doing network marketing. You just didn’t get paid for referring the person over. That is a big difference.
All network marketing is, you get paid for referring your network of people over to a product or service. But the difference is when you join an MLM business you get paid when your referral makes a purchase.
There are two different ways you can get paid with mlm. The first is with customers; this is where they purchase your product or service. They are not interested in building a business they only like the product. You make a commission every time they make a purchase.
You can build an empire just off of customers.
The next way you can get paid is from people who decide they want to build a business and earn money themselves. These people are called business builders.
A big mistake a lot of people make when building their business, they try and force business building on everyone. Trying to force people to be an buisness builder is the wrong approach. Not everyone wants to build an empire. They are happy just using the product, and that is all they want to do. If that’s the case, don’t’ try and force them into anything more. You run the risk of losing them as a customer and business partner.
The Downside To MLM
One of the biggest downsides to mlm is the low cost to get started. It’s usually only a couple of hundred bucks to have your own business.
They think since the cost to get started was so low they do not have to put forth as much effort if any at all. Add in the rejection that comes along with building an mlm, and people quit way to fast, which is why the failure rate in network marketing is so high.
If you were to go out here and invest hundreds of thousands of dollars into a business, you’d work your ass off to make sure it works. You have to apply that same thought process and work ethic when building your network marketing business.
What are the Benefits of Network Marketing?
Here are some of the biggest benefits of doing network marketing:
- Low Start-Up Costs – Only few hundred bucks to get started and you own your own business.
- Low Business Overhead – No need to worry about building rent, insurance or anything like that, you usually will need to be on some type of monthly auto-ship. Auto-ship is often your only overhead.
- Work Anywhere – You can work your business from anywhere in the world.
- Flexible Hours – Set your own hours.
- Get Started Quickly – Once you sign-up as a distributor you are in business. There is no waiting around. You can start making money the same day.
Network marketing is a great business idea for anyone looking to earn money from home. With the low cost to get started, unlimited income potential, if you learn the skills needed and put in the work you can build an empire.
Is Network Marketing a Pyramid Scheme?
I hardly ever get this question, but no network marketing is business model that has been around for years. Ever heard of Amway or Avon? Now there are some mlm companies out there who do operate illegally, just like there are corporations that operate illegally as well. That is why you must do your homework before you join a company.
The biggest red flag is if a company pushes recruiting new members and making money, rather than earning money from a product or service.
Should You Build On or Offline
I think you should use both. But with the way technology has taken off, using the internet helps you create way more leverage than building offline.
When I came online a few years ago, I had no clue of how this online marketing thing worked. If someone were to have asked me what a capture page was, they would have gotten a blank stare from me.
It wasn’t until I plugged into a marketing system that taught me how the pieces fitted together AND it kept me up to date with the ever-changing marketing strategies out here.
Maybe you are just getting started, or you’ve been online for awhile but have not gotten the results you wanted. If you want to finally find out how to generate leads and make more sales in your business, then you might want to check out the system that changed everything for me. You can go here to check it out.
Additional Training That Will Help You Out
Is Network Marketing Right For You?
Network marketing is a simple business, all you have to do is get good at getting people on a presentation. But it will be one of the most difficult things you will ever do.
You will be required to learn some new skills that will be new to you. Time, patience and consistency will be a must if you want to have any type of success.Network Marketing Is Not A Get Rich Quick BusinessClick To Tweet
How To Get Started
If you are looking to get started with network marketing, make sure you check out the video below. In it, I share the first step to getting the process started.
[Video] What Is Network Marketing And How Does It Work
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