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Network
Marketing
Explained....
Network Marketing is
a form of Marketing in which a company promotes
its product line not through the traditional
methods of paid advertising but via independent
distributors and their word of mouth
advertising.
There is cost
savings to the company doing this and a
higher brand loyalty than using paid
advertisements. Independent distributors benefit
by receiving commission on direct sale of the
product and by creating a network of independent
distributors who also promote the product line.
The network commissions are paid out in bonuses
and overrides and the income source can come
from different levels in the network.
Everyone is
a natural network marketer because when we
enjoyed a good movie, purchased an item we like
or attended an event we enjoyed. We
automatically start talking with enthusiasm
about it when someone mention the movie, item or
event in our presents. Which in most cases
causes the person who you mention the
information too; to want to look into seeing the
movie, buying the item or attending the event.
But did you received some form of payment for
your natural word of mouth marketing? No.
Being a paid
network marketer using the same natural skills
with a few changes to how they get to review the
information. You would receive income from each
word of mouth contact who look into and watched
the movie, purchased an item or attended an
event.
What's
Referral Marketing
Referral Marketing is a form
of Network Marketing, but
Referral Marketing differs in design from
traditional network marketing because in
traditional network marketing you have to stock
product or inventory to show or sell to others
in order to receive a commission on product
sales. While in Referral Marketing you do
not because you are paid commission for only
just referring others to the company who
purchase product/services and get it deliver
directly to them
Independent
Distributor Benefits
From an independent
distributor standpoint
besides what was mentioned above,
network marketing is a method we use to helps us take charge of
our lives rather than our life taking charge of
us via a regular JOB (JOB = Just Over Broke) and
have the financial freedom to live the lifestyle
we choose without having the need for a regular
job.
In fact here is the answer
below to the question: What is a network
marketer?
"I am an independent
distributor of products and services that I
personally use and enjoy. I also help anyone who
is interested develop a happier and more
rewarding lifestyle for themselves and be in a
position to retire in a realistic time frame of
5 - 10 years as against a time frame of 20 - 30
years which in most cases today means never
because the person do not have an retirement
nest egg. So in 1 phrase I am a lifestyle
changer. I show people an avenue to obtain
the lifestyle they have created for themselves
in their dreams and wishes using network
marketing as the vehicle."
Network Marketing is not like a traditional
business and should not be treated as one. But
it entails sharing, having fun with your family, friends
and business partners, personal development, and
helping others to achieve their own goals and success.
One of
the greatest joys I have experienced working
from home is the ability to plan my
day around a schedule I decide instead of around
a schedule that my present JOB decide.
I also
remember a special moment when I started working
my business full time from home and I was needed
because one of my kids went to school and took
in sick. I was able to stop what I was doing and
go for them right away without having to ask my
boss for time off, and did not suffer the possibility of
lose wages in the process.
Internet marketing,social media and any other form of
advertisement that does not involve sitting
down with someone and reviewing information
is not network
marketing.
Network Marketing is
and will always be a person to person
relationship building business with many benefits
including saving money on your taxes and the ability
to build a true retirement nest egg.
A person can start
their business on a shoe string budget part time
and turn that business into a (7) figure income
working full time.
What
Network Marketing can do
You can duplicate
your efforts many times over using Network
Marketing. For example, let’s say you wanted to earn an extra $1,000.00 a month. It would mean that you would have
to increase your work hours by say 15, 20 hours
or more a week, get a second job or win money.
But is it possible
to this?
Maybe it is or maybe not. You also stand the
chance of paying more
taxes because you are in a higher income tax
bracket.
Network
Marketing is better
In network
marketing, you get to save on your taxes because
you get to write off at least 50% of expenses
incurred to generate business. To earn an extra $1,000.00 a
month in Network
Marketing you do not have to work 15 or 20 hours
more.
Here's how......
Let us say, you put in only
1 hour a day or 5 hours a week into your business
just working 5 days a week, and
your effort earns you only $200.00 a month profit.
And let us also say that for each independent
distributor you or your network develop, you
earn a commission on their sales. In most
network marketing companies, commission is pay
at different levels. So 1st level 25%, 2nd level
10% and 3rd level 5%
For my example let's
say you start with only (5) 1st level
distributors, who develop only (5) distributors
each. You would only have
to develop a network of only 30 independent
distributors who each develop just $220.00 a
month in sales on average
to earn you $800.00 in commission plus your
$200.00 = $1,000.00 a month.
Level (1) = 5 x $240.00 x 25% = $300.00
Level (2) = 25 x 200 x 10%= $500.00
$200.00 from you + commission from your network
of $800.00 = $1,000.00
You only contributed
5 hours a week of effort to your own business
but your network produced 150 hours a week of
effort if each person in your network did the
same amount of time and effort you did and only
contributed 5
hours per week. This is called The Duplicating Effort
Method. It is a more effect way to earn an
income per month without having to do strenuous
extra work.
As your network
sales increase or some of your network
distributors produce more sales than $220.00 a
month. You earn more money, but your effort
remains the same or even get less until you
reach a level where you are earning more than 3
or 4 times what you earn at your regular job,
constantly for 6 months and at this point, most
people retire from their job, work their
business full time and live a lifestyle only
dreamt about by others who are hoping to win
money
or one day become the
president of the company.
Of course this is just a small
example of the great potential of Network
Marketing and it is also a level playing field
for everyone meaning there is no employer / employee
relationship and everyone in your network can do
the same thing you did or more.
It is each person's own business
and everyone at the bottom has their own chance
of going to the top and becoming a president of
their own business and earning a president
income without the hassle attach to traditional
business.
Do you have
job security
Your
success and the success of the whole entire
network is helpful to
everyone involved and not the other way around
like in traditional business where everyone is
working for the person at the top with little
benefit back to them and their job is not secure
because they can be fire or laid off at any time.
Network Marketing is a win win
deal for everyone. It
is better because you are your own boss and cannot be fired or
laid off, you set your own hours without the 9 - 5 constraints,
you can earn a tremendous residual income, and live a happier
and more rewarding
lifestyle. It is also a legal way of conducting business.
Network Marketing Secrets
The
(6) secrets to success in network
marketing are:
Understand
well the
network marketing concept.
Use
the product/service and
develop your own enthusiasm for it.
Learn
simple steps to promote your business around
the network marketing formula.
Develop
a network of independent distributors like yourself.
Teach
people how to split their time between business and pleasure.
Form
lasting friendships base on trust, honesty and having fun
together.
When you start to build a network
marketing team; your focus
at first should be local development and only go globally when
you are in a position to spend at least (3) months in the new
area showing your team how network marketing development is done.
Do you want further
proof......
Please view the following link below which is a
20 minutes video. It is not
the newest video and some of the channels of
distribution mentioned is now discontinued. But the basic
information about network marketing still applies and it
gives you a very good understanding of this industry.
Video
message for further understanding of
Network Marketing
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