What exactly is network marketing? Plz don’t give the wikipedia definition…?
Posted by admin in Network Marketing Tuesday, 8 June 2010 20:00 2 Comments
What exactly is network or multi level marketing? Please don’t give me the wikipedia definition ’cause i can’t make anything out of it..
You are selling a product (tennis racquets). You make money for every racquet you sell. Like any other business.
You also recruit people to sell racquets. Every time they sell a racquet, they get paid. But since you recruited them, you also get paid a tiny amount of their pay.
When they recruit people to sell racquets, those new people get paid. You get a tiny portion of their pay.
At some point , you could have 1,000 people all out selling racquets and you no longer have to do any work at all. You get paid every time one of your “network” gets paid.
Most businesses want to find more buyers for their products. Network marketing is trying to find more “sellers”. That is a business-model which is destined to fail.
Well man,
I have a lot of experience in network marketing so the simplest way for me to explain it (other than what the other guy posted above me) is that it’s a way for you to leverage your efforts off of other people.
Basically a company is selling a product or service, and you go out and sell that product or service to friends and family and you receive a monthly residual commission for selling the product as long as the customer doesn’t cancel.
The second part is recruiting. You go out and recruit people that you know who want to make extra money like you do. Now normally in the beginning you don’t do the recruiting all yourself, you just ask people if they want to make extra money and that they NEED to take a look at what you’re doing…then you introduce them to your upline (the person who got you in or is leading your area) and they tell them about the opportunity. For every recruit you personally bring in you usually get a bonus for, and when they go out to get their customers, you will receive a percentage off of all of the work they do for life since you are their sponsor. Some people call it a scam, but honestly it’s not, it just takes a lot of strength and determination to succeed. There is no quick easy path to success in any field, but Network Marketing, in my opinion, is one of the most powerful entrepreneurial systems in the world to create your own business and financial independence.