Network Marketing Facts And Tips Many people decide to join a network marketing company. In today’s economy it seems fantastic that you could work from home and earn enough income to quit your job – something many of us dream about. Even financial gurus like Rich Dad author Robert Kiyosaki recommend it.
Also, network marketing companies usually have excellent products at reasonable prices. This is because they can put all their dollars into their products – they do not have an advertising budget because they have people like you working for them and promoting their company. Also, your monthly payment to them will cover any administrative expenses.
It is hard work and it is not for everyone. If you want to do this, pick a company whose products you really like. You also have to check out their compensation plan. It usually works that you sign up (usually you have to either pay a small monthly fee or buy products each month for a certain amount – often less than $50) and then you have access to all the tools necessary to make you successful. You can promote the product and get sales but even better is getting other people on board. In this case, these people are in your ‘downline’ which means that you get a small percentage of their sales. Obviously, if you get enough people working in your downline, you get easy money – they do the work and you get a small part of that – and that all adds up into a nice income for you.
There are lots of information about how to be successful – even youtube videos. It does take a lot of effort on your part – cold calling, going to other network meetings to get your message out there. Often you can sign up to have a replica on the company’s website in your name so you can attract people that way.
Here are some tips to help you succeed.
As mentioned above, choose your company well. If you are passionate about the company and its products you will be able to honestly promote them. You will depend on them and the reputation of their products to get sales. Do some due diligence and find out how long the company has been in business if they have a good support system in place both for you and for customers who buy their products. Is their compensation plan something you can work with – is it fair?
The next tip is obvious but many people fail at this. Do what they tell you to do. They have experience in how to teach their network marketers and it is in everybody’s interest that it works. They have a whole system in place to help you so make sure you use it.
Also, you will have an ‘upline’ – people above you on the totem pole. Also, find out about the person who introduced you. How helpful is your upline? Do they contact you and help you with a marketing plan? Do you have the feeling they want to help you succeed?
If you are passionate about their products and you adhere to their plan and get help when necessary from your upline, and you are persistent and don’t give up, your efforts will be rewarded and you will be able to earn a good income.