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How to Start Your Own Network Marketing Company
Small Business
|
Setting Up a New Business
|
Starting Your Own Company
By
Rick Suttle
Updated April 09, 2019
You will need a wholesale or manufacturer supplier for your discount store.
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Network marketing or MLM can be a viable opportunity, provided the emphasis is placed on selling
products rather than signing up new members. In order to start your own network marketing company
you can enroll with an existing MLM organization or start your own from the ground up, but if you go
the DIY route you'll need to establish a relationship with a wholesaler or manufacturer to turn out your
actual product.
Find a Niche
Select a product line for your network marketing company. Start a nutritional network marketing
company, for example, which is the most popular type of network marketing business.
Wholesale Suppliers
Search for a wholesale supplier through the National Association of Wholesaler-Distributors at Naw.org.
Attend NAW meetings to become more familiar with wholesalers. Sign up for some free trade
publications through Tradepub.com, according to article titled "Find Suppliers for Your Business" at
Businessknowhow.com. Examine the "Thomas Register of American Manufacturers" at your local library.
Call several potential wholesale and manufacturer suppliers. Ask them if they offer drop-shipping
services, which will keep your inventory levels down. Find out if the supplier offers catalogs, brochures
and order forms for their products. Choose the supplier that provides you with the lowest unit cost per
product.
Create an instruction manual for all distributors, highlighting various ways to advertise their network
marketing businesses. Create a distributor's kit for all potential dealers, which includes the instruction
manual, a catalog, price list and order forms.
Mail a sales letter brochure and order form out to people who respond to your classified ads. Call people
back when they inquire about your network marketing opportunity. Recruit distributors into your
business on an ongoing basis.
Create a website and include your website in your classified advertisements. This will give people
another way to join your network marketing opportunity. Get a merchant account through your bank so
you can accept credit cards online. Find a web designer if you are unable to create your own website.
Have the web designer create self-replicating sites for your distributors so they can recruit their own
distributors. Self-replicating sites will have the same URL or address as your site, but with unique
extensions or identification numbers. The success of any networking marketing company is contingent
upon building a deep organizational structure.
Instruction manual
Catalogs
Sales letters
Brochures
Price lists
Order forms
Shipping labels
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A networking business is also known as an MLM. Basically, the business operates on a network, just as
the name suggests. To make it easier, we will start with the company at the top. The company sells you
its products either on a one-time basis or on a subscription basis, where you receive a package of
products regularly, say, once a month or once every two months. You, in turn, should recruit others to
purchasing the company’s products. If you recruit a person, they will buy the company’s products and
you will receive a percentage of the price they pay for the products as a commission. Obviously, the
more people you recruit under you the higher your commissions. But it doesn’t end there; the people
you recruit can also recruit in their turn. Their recruits will earn them a commission. But, and here’s
where an MLM starts to get lucrative, you also earn from your recruits’ recruits. For every purchase
made by a recruit of your recruit, you are entitled to a certain percentage of the purchase price as
commission. That way, your residual earnings can grow astronomically, depending on how far your
‘downline’ goes.
As you can see, there is a lot of promise in MLM. The trick is to grow your network. In this business, your
net worth is literally determined by the size of your network.
Start a Website
Start a website for your network marketing business. You can do this through your network marketing
company. Most of them will give you a good website that is similar to the main company website.
Create Postcards
Create your own postcards or order them from your network marketing company. The company should
include your website on the postcard.
Mail Postcards
Put the mailing labels on your postcards and mail them to people on your list. When people respond to
your card, call them back. You can even include your sponsor in a conference call to help you recruit
people into the business. You should send the mail out every week, to step up the number of mails you
send, as your profits increase.
Green Business
Meanwhile, learn everything you can about networking. Read networking books, and attend networking
events to improve your knowledge. Remember, never stop learning
Tip
You can also send out email blasts to email lists in much the same way as you do with mailing lists. In
fact, emails are inexpensive and might give you better results.
Warning
Participating in an MLM can be profitable if members have a lot of people in their network, and if
they're willing to put in a lot of effort over time. However, nothing is guaranteed.
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To become an online network marketer, you don’t need any specific qualifications or background. With
good communication and customer handling skills and an online presence, you can be successful in this
business.
How to Start Online Network Marketing?
With the excellent knowledge and skillsets required for network marketing, you can certainly earn a
large amount of money. You can either do this work as a part-time side-hustle or as a full-time job.
Here are some of the crucial steps you should follow to become a successful network marketer.
You can choose your niche according to trending network marketing products with higher profit-earning
potential. Healthcare, FMCG, and beauty are some of the domains in which most successful network
marketing companies operate.
2. Determine affordability
Affordability is a crucial factor in network marketing as people like to buy affordable and reasonable
products that are not too expensive.
You should choose products or services to promote through network marketing that is affordable for
your target audience. Expensive products often have fewer takers, and it makes the overall marketing
process difficult.
On the other hand, affordable and reasonable products will help you attract more people and increase
your income.
Targeting customers or clients who are popular in society or have a good online presence can be a great
strategy. You can get more customers through their reviews and referrals.
As a beginner network marketer, you should only work with genuine and reputed network marketing
companies. Because of the huge competition, you might earn less income working for a reputed
network marketing company. Still, it is the best option initially, and you can learn about the crucial
elements related to your target market too.
Further, you will also require business cards, cash receipts, and letterhead to make your internet
marketing professional and organised.
7. Identify opportunities
You should start looking for potential clients as soon as you establish your network marketing venture.
You should start making a list of target customers and approach them with your offerings.
It would be best if you always ask for referrals and reviews from satisfied customers. You can share your
customers’ testimonials on your social media accounts or websites to further promote your business
and attract more customers.
You should join network marketing groups on social media to stay updated and informed on the
market’s latest trends. With good connections with other network marketers, you can strike productive
collaborations.
Usually, in an online affiliate program, as a network marketer, you get paid for driving traffic to the
affiliate’s website through an affiliate link that you can promote on your social media accounts or
websites. The other examples of single-tier networking are pay-per-click (PPC) and pay-per-lead (PPL)
affiliate programs.
3. Multi-level marketing
Multi-level marketing (MLM) is essentially based on a distribution that includes two or more tiers.
Marketing-driven networks and name-driven network marketing are some other types of network
marketing strategies. Many multi-level marketing programs enable you to make money five or more
than five tiers deep. In multi-level marketing, marketers may get incentives for recruiting. As per a study,
more than 1000 companies are using multi-level marketing in the United States.
business working digital tablet, smartphone with keyboard and laptop at office in morning light
Benefits of Network Marketing
One of the common questions people ponder before starting network marketing involves the benefits
and advantages it. With the knowledge of all the benefits afforded by this field, you can effectively make
your decisions and decide your short- and long-term goals.
These are some of the main benefits of starting with online network marketing:
1. Cost of entry
Usually, the startup costs in network marketing are low and affordable. You can get your products, some
samples, and your training covered with a reasonable investment. You will get all the essential things for
your network marketing in a starter pack that will be delivered to you in either hard or soft format.
2. Flexibility
Flexibility is one of the main benefits of network marketing. You can make decisions according to your
convenience and what’s perfect for you. In the network marketing business, you work in a comfortable
environment and can have a flexible working schedule that does not affect your overall personal and
professional life. You can manage your responsibilities and have full control over working hours and
days.
3. Income
Marketing work is all about earning high incomes and incentives. There is an excellent scope to secure a
high income with good marketing strategies, plans, and knowledge of network marketing. In the United
States, the MLM market generated $35 billion in sales in 2019.
You can either earn income through the direct sales of your products and services or earn passive
income through the sales made by team members or people you have recruited.
Conclusion
With all the right guidance, knowledge about digital marketing, and passion for the work, you can get
successful and meet your goals in the online network marketing business. You should basically know
how you can solve your target customers’ problems or requirements with your niche products or
services.
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FINANCE AND BUSINESSMARKETING
How to Succeed in Network Marketing
Download Article
Co-authored by Ernest Sturm
Last Updated: July 12, 2023 Approved
Choosing a Company |Starting Out |Building Your Network |Expert Interview |Expert Q&A |Tips |
Warnings
Part
1
Choosing a Company
Download Article
Image titled Man researching a burger company online and looking at their marketing tactics.1
Investigate companies. Choosing the right company is key to becoming a successful network marketer.
Quick and easy internet searches can usually answer many of the questions you may have. Do some
research to determine which company is best for you personally. Some questions you should ask
yourself when researching companies are:[1][2]
How old is the company? Is it well-established or is it just starting out?
How are the company's sales? Are they rising or falling?
What is the general reputation of the company? Reviews and blogs can usually give you a good idea if
the company is reputable or suspicious.
Image titled Succeed in Network Marketing Step 22
Look up CEOs and other company leaders. Keep the same things in mind as when you investigated
companies. Is the company leadership reputable and law-abiding? If company leaders have been
accused of carrying out scams or have had legal trouble, you may want to avoid this company.
Download Article
Image titled Succeed in Network Marketing Step 81
Choose the right mentor. In most MLM models, the person who recruited you becomes your mentor.
That mentor will coach you through the early stages of your work. Typically, the more successful you
are, the more money your mentor makes, so it is in their best interest to be there for you. In a mentor,
you'd want:[6]
Someone who is available if you need help.
Someone who you could see yourself working with.
Someone who will be honest with you if there's something you can do better.
Image titled Succeed in Network Marketing Step 92
Study your products and know them well. It's your job to sell these products, so you should dedicate
yourself to knowing everything about them. You'll need to plan how you will pitch the product to
potential customers, how to answer any questions or doubts they may have, and any relevant research
or studies that support your product.[7]
Image titled Succeed in Network Marketing Step 103
Attend company meetings and training calls. These will help you make new contacts and learn new skills.
You can leave them better prepared to build your business successfully.
Image titled Succeed in Network Marketing Step 114
Build new leads. In network marketing, leads are potential customers. You'll need to keep finding new
leads if you want to keep making money. There are various ways you can find new leads, and you should
use multiple strategies to attract the largest market possible.
Social media is a cheap, easy way to generate buzz for your product. Start a page for your company on
each of the major social media sites and update them all regularly.
Buy advertising space online and offline. Websites and newspapers can help build awareness for your
product.
Cold calling, though old-fashioned, is still a popular method of finding potential leads.
Personal interaction is also useful. Always have business cards on you and be ready to talk about your
company. You never know when you may come across someone who is interested in what you have to
offer.
Issue a press release. Press releases can be a great way to spread the word about your business gain
more popularity, and be known by more people. With press releases you can publish articles about your
business on hundreds of news sites, attracting potential new customers.
Image titled Succeed in Network Marketing Step 125
Follow up with all leads. To turn leads into paying customers, you'll have to follow up with them and
pitch your product.
Set up your web page with an autoresponder designed to contact people who visit your page.
Manage all your contacts in an organized file with all their information easily accessible.
Have a sales pitch ready at all times when you contact a lead.
Try more than once to turn a lead into a customer. Just because someone wasn't interested once
doesn't mean they will never be interested. Be careful not to overdo it, though—you could easily get a
reputation as a spammer, which can hurt your business.
Part
3
Building Your Network
Download Article
Image titled Succeed in Network Marketing Step 131
Recruit new members. Just like you were recruited to a network marketing company, you'll have to
recruit members to your team if you want to be successful. Always be on the lookout for new prospects
who you think will be valuable additions to your team. Try recruiting services, like MLMRC. Also, you'll
want someone who is personable, a good salesperson, and a team player committed to cooperating
with you.
Image titled Succeed in Network Marketing Step 142
Mentor your recruits effectively. If recruits are successful, you make more money, so you should be
prepared to train them well. This may be a substantial time commitment, even up to several weeks. But
you should understand that you're building a team and it is in your best interest to spend enough time
making sure your recruits are competent enough to go off on their own.[8] [9]
Image titled Succeed in Network Marketing Step 153
Give your team members good commissions. By compensating your recruits well, you're ensuring that
they have a good incentive to sell. That way, they'll earn more money for you and for themselves. It will
also help keep them around longer, which is good for you—you want to keep talented sellers on your
team to keep your business successful.
Image titled Succeed in Network Marketing Step 164
Consult professionals about your business. Remember, you are responsible for everything associated
with running a business—taxes, laws, etc. It helps to have an accountant and lawyer on hand to help you
manage your business in the most effective way possible.[10]
Expert Q&A
Question
What are the skills of a successful entrepreneur?
Seth Hall
Seth Hall
Life Coach
Expert Answer
A successful entrepreneur takes time to take care of themselves. They know their own strengths and
weaknesses, and are good at collaborating with others and getting help from people who know things
that they don't.
Not Helpful 0Helpful 1
Question
How can I build a team and enhance prospects if I am already in network marketing?
Community Answer
Community Answer
Work with people interested in your business or products. Don't focus too much on people who are not
interested in your business.
Not Helpful 17Helpful 204
Question
How do I convince someone to join a business?
Community Answer
Community Answer
It's much like selling a product or service. Prepare information about incentives, commissions, future
plans for your business, etc. The right people should come to you.
Not Helpful 15Helpful 164
See more answers
Ask a Question
What is your question?
Submit
Tips
This is not a get rich quick scheme. It is a substantial commitment, and you should be willing to spend
the time required to make it successful.
Seek advice from those who have succeeded in network marketing.
Don't reinvent the wheel. Follow those before you.Show More Tips
Warnings
Make sure you don't quit your fulltime job right away. You should only leave your current employment
when you're certain that you can live on your earnings from network marketing.
Always keep your business legitimate and law-abiding.
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Expert Interview
Thanks for reading our article! If you'd like to learn more about network marketing, check out our in-
depth interview with Ernest Sturm.
References
↑http://www.consumer.ftc.gov/articles/0065-multilevel-marketing
↑https://www.entrepreneur.com/franchise/7-tips-for-network-marketing-success/299715
↑http://www.consumer.ftc.gov/articles/0065-multilevel-marketing
↑http://www.consumer.ftc.gov/articles/0065-multilevel-marketing
↑http://www.consumer.ftc.gov/articles/0065-multilevel-marketing
↑https://www.entrepreneur.com/franchise/7-tips-for-network-marketing-success/299715
↑https://www.entrepreneur.com/franchise/7-tips-for-network-marketing-success/299715
↑https://www.entrepreneur.com/franchise/7-tips-for-network-marketing-success/299715
↑http://www.forbes.com/sites/chicceo/2013/04/04/the-correlation-between-mlm-success-and-
mentorship/
More References (1)
About This Article
Ernest Sturm
Co-authored by:
Ernest Sturm
Marketing Expert
This article was co-authored by Ernest Sturm. Ernest Sturm is a Marketing Expert and the Owner of
Runway Influence and Runway Waiters, as well as the President of Runway Collective. With over 10
years of experience as an entrepreneur, he specializes in producing social media campaigns and social
brand activations. Runway Influence has a 5-star rating and partners with luxury brands and top
influencers. This article has been viewed 1,057,853 times.
3 votes - 100%
Co-authors: 77
Updated: July 12, 2023
Views: 1,057,853
Categories: Marketing
In other languages
Español:tener éxito en las redes de mercadeo
Italiano:Avere Successo nel Network Marketing
Bahasa Indonesia:Sukses Di Pemasaran Jaringan
النجاح في مجال التسويق الشبكي:العربية
Tiếng Việt:Thành công trong việc kinh doanh theo mạng
ไทย:ประสบความสำเร็จในการตลาดแบบเครือข่าย
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Ernest Sturm
Co-authored by:
Ernest Sturm
Marketing Expert
Co-authors:
77
Updated:
July 12, 2023
Views:
1,057,853
100% of readers found this article helpful.
3 votes - 100%
Click a star to add your vote
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How To Start Network Marketing
Network marketing is a great way to begin your business career. It allows you to start small, with only
your network of friends, family, and acquaintances. But the internet has made it possible for people to
expand their networks much further than they ever could have before.
With so many opportunities out there, it can be hard to know which one will work best for you. The best
place to start is by doing some research into different types of network marketing companies and then
signing up with one that fits your needs and interests.
On this page, we’ll go over some of the advantages and disadvantages of network marketing so that you
can decide if this kind of business opportunity is right for you.
We will discuss how to start network marketing. We will also cover what makes a good MLM company
and how to identify scams before they get too big.
Once you have found a company that is legitimate and trustworthy, we will discuss how to sign up and
get started with your new business!
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Section 1 – Business Model
Section 2 – Profitability of MLM / Network Marketing Today
Section 3 – Choosing the product / company
Section 4 – Guides, Tips, and Tutorials
Section 5 – Network Marketing and Internet
Section 6 – FAQ About How To Start Network Marketing
Conclusion
Key Takeaways
Choose the right network marketing company: When starting a network marketing business, it’s
important to choose a company that aligns with your values and goals. Look for a company that has a
good reputation, offers products or services that you believe in, and has a compensation plan that works
for you. It’s also a good idea to research the company’s leadership and track record to ensure that it is
stable and reliable. Taking the time to choose the right network marketing company can set you up for
success in the long term.
Identify your target market: Before you start your network marketing business, it’s important to identify
the specific group of people you want to target. This could be based on factors such as age, gender,
location, or interests. By understanding your target market, you can tailor your marketing efforts to
better meet their needs and preferences.
Create a marketing plan: A marketing plan is a roadmap that outlines the specific actions you’ll take to
reach your target market and achieve your business goals. Your plan should include details about your
target market, the products or services you’ll be offering, and the marketing channels you’ll use to reach
potential customers.
Build a network: Network marketing is all about building relationships with potential customers and
partners. To succeed in this business, you’ll need to be proactive about networking and building your
network of contacts. This can involve reaching out to potential partners, attending industry events, and
staying active on social media. By building a strong network, you can create more opportunities for
yourself and your business.
If you are looking to start a business and make money, network marketing can be a good way to do it.
Network marketing is also known as Multi-level marketing or MLM. It has now become very popular
around the world and millions of people have made their fortune from it.
Network marketing opportunity can be a great way to earn extra income, meet new people, and make a
difference in the world. It is a legitimate way to earn money and should not be confused with illegal
pyramid schemes.
NOTE – On the other hand, if you are interested in building and starting a network marketing company,
you can find our dedicated guide here.
Network marketing is a business model often related to the creation of a multi-level marketing system.
The MLM model allows for individuals to work as independent contractors, selling products or services
to other individuals and businesses.
Network marketing differs from traditional sales models in that it does not rely on a single point of
contact or sale, but rather relies on multiple points of contact and sale.
The basic idea behind this model is that you will be able to build a team of people who are focused on
helping each other succeed. They will help you by buying products or services from you and they will
help promote those products or services to others in their network as well.
➤ You’ll probably make mistakes along the way. If you’re not prepared for this, it can be really
discouraging when people don’t respond well to your products or how you’re marketing them. But if
you stay focused on your goals and keep trying new things until you find what works, eventually you’ll
start seeing results!
➤ It can be hard to stay motivated sometimes. If you’re working from home and not having other
people around to keep you accountable for showing up every day, it can be easy to let yourself get
distracted by other things that seem more fun than working on building your business. The key is finding
ways that keep YOU excited about what you’re doing—and there are plenty of ways to do this!
Why Now Is A Good Time To Get Into This Model Of Business
There are a number of reasons why it’s a good time to get into network marketing.
First, there has never been a better time to be an entrepreneur. We’re living in the age of the
empowered employee and the empowered customer. People want to feel like they have more control
over their lives, which is why we’re seeing more people starting up businesses and taking on freelance
gigs than ever before.
Third, networking is all about relationships—and relationships are key when it comes to building a
successful business. When you’re working with other people in your network marketing company, you’ll
be able to build those relationships much faster than if you were doing it alone!
Network marketing is a great way to make money without having to work for someone else. You work
with people who are in the same position as you, so you can help each other grow.
The internet has been one of the biggest game-changers in modern business. It has created new
opportunities for companies and individuals alike to connect with customers, reach out to them, and
build relationships with them. Network marketing is no different.
Why?
Because there are so many people out there who are looking for ways to make money on their own
terms. They don’t want to have to work at a job they hate, they don’t want to be tied down by office
hours or even a physical location—they just want to be able to set their own schedule and work
whenever they want!
DO YOU KNOW THAT… – One of the best ways to get started with network marketing has always been
considered to tell people about it. This is called mouth marketing, which means you’re telling people
about your business through word-of-mouth advertising.
But when it comes to making money from home, the internet can be tricky because there are so many
scams and shady companies out there. It’s important that you do your research before investing any
money in a business opportunity or buying products from an MLM company.
One way to find out if an opportunity is legit is by looking at its website or social media pages. If the
company has been around for a while and has plenty of positive reviews online, then it’s probably worth
investigating further by talking with current members or reading testimonials on their website or
Facebook page.
First, look for unreasonably low prices for products and services. If the price of the product or service is
too good to be true, it probably is.
Second, look for overly aggressive marketing tactics. If you get an email from someone who has no
connection to you or your business offering to help you make money or get more customers, this is a red
flag.
Third, look at how many members are in the company and how much they earn on average. If there are
only a handful of members and they are all making great money, it’s likely that the company is running
on hype rather than substance.
Fourth, look at what type of products or services they sell and whether they seem legitimate as well as
how they market them. If they seem like they’re trying to sell anything that will make money instead of
focusing on one specific product line or service area—and if their marketing materials aren’t very clear
about what exactly that product line or area is—watch out!
The company doesn’t provide any information about its products or services, only showing testimonials
or using vague language like “the best” or “the most revolutionary.”
The company requires you to sign up with a distributor before you can view pricing information. This is
typically done to hide how much things cost so that you’ll buy into the sales pitch before realizing it’s
too expensive for your budget.
The company cannot provide any evidence of independent research proving that its products are
effective or safe for use.
How Do Identify Opportunities?
When you’re evaluating whether a network marketing company is a real opportunity, here are some of
the most important things to consider:
The product or service: Is it something you’d use? Do you understand how it works? Is it something that
people will be willing to pay for?
The compensation plan: How much money do you stand to make? Does your income depend on
recruiting others into the company? Is there any kind of residual income or royalty-based income from
your efforts?
The company culture: What’s the vibe like at this company? Are people friendly and helpful, or do they
seem standoffish or competitive? Do they value their customers as highly as their employees? How does
the overall environment make you feel when you interact with them?
If these three things check out, then chances are you can treat this company as a valuable opportunity.
First, you should understand the business model and know your brand and products. Understanding
your company’s products will help you be able to explain them to others and can help you identify
opportunities for new ones.
TIP – Start by reading and studying the best network marketing books, written by the world’s top MLM
experts.
Network marketing, things you should learn at firstPin
Second, aim to begin as a ‘pro’ in your sector. This means that you should focus on building relationships
with other professionals in the field and learning from them as much as possible.
Right now he’s a big player among networkers. In this video, he shares his advice on how to start your
own business by sharing the basics of building a business that will help you get started today.
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It’s hard to believe that no matter how much you aspire to be something, or how hard you work, there
are some things that just will not happen overnight.
At the beginning of your network marketing career, it can be tempting to think that if you don’t see
results right away, then the business opportunity is not for you. But remember that this is a process!
No matter how hard you work on yourself and plug into the system, nothing will happen overnight.
Network marketing is not a get-rich-quick scheme, but rather a proven way to build wealth over time—
and it’s up to you to make sure that happens.
So what should you do? Treat this like any other job: set goals and work towards them every day. If you
treat it like a job, then eventually it will become one for you.
Remember it is a process
Work on yourself
Treat it like a job
Learn to manage your emotions
Plug into the system
Associations are everything
Do not compare yourself to other people
Mistakes New Network Marketers Make
Network Marketing is not a get-rich-quick scheme. It’s a business and it takes time, effort, and
dedication to be successful.
You might come into this with the best intentions, but if you don’t have concrete plans or aren’t willing
to put in the work, it’s unlikely that you’ll see results. Here are some typical mistakes new network
marketers make:
To get your business started, you won’t need to sign up for premium courses – often very expensive –
right away.
You can start with free training like the ones on the Getpenny site.
This is the most important piece of advice we have for anyone starting a network marketing business: it
all starts with your funnel! You need to be able to attract people into your funnel, and then make sure
they stay there in order to make any money. Make sure that your landing page, website, and sales letter
are all pulling people into the right place at the right time.
You’ll want all kinds of different tools as you grow your business, but it’s important not to get carried
away with too many things at once—or else you’ll end up spending more time managing than actually
doing anything productive! Keep things simple by only using the tools that will help you succeed and
then add more as needed (and when the budget allows).
It’s easy for people who have never done network marketing before to forget about customer service
because it doesn’t seem like a big deal at first glance—but if you don’t take care of your customers your
chance to succeed in the long run is tiny.
You will learn that starting a network marketing business can be a great way to make money and meet
people, but it’s not easy. Here are some tips that will help you get started on the right foot and help you
grow your business.
1. Start by deciding what kind of company you want to work for. Do you want to sell products, recruit
people as distributors, or both?
2. Find out if there is a local distributor who can help you get started and answer questions about the
company’s products or services.
3. Research any potential competitors in your area and compare them to what you’ve found online
about the company that interests you most.
4. Make sure you have enough capital available to purchase inventory at wholesale prices so that you
can resell it at retail prices (and earn profits).
One of the first things you will notice about Eric Worre is his ability to communicate with others in an
easy-to-understand way. He uses analogies and stories to help people understand how they can
improve their lives through network marketing.
Worre is a regular speaker at conferences, events, and retreats all over the world—he’s been featured
on CNN and CNBC, as well as in Forbes magazine. He’s also been named one of the Top 10 Most
Influential Networkers by Networking Times magazine.
“Our goal is education and understanding. It’s not to win an argument. Our job is to help blind people
see.”
― Eric Worre
Click to Tweet
How To Succeed In Network Marketing
There is no one way to succeed in Network Marketing.
The goal of this guide (aimed at beginners or those who have not yet succeeded in achieving their goals),
is to put the best foundation on which to build.
In addition to what we have said so far, there are three non-negotiable concepts to familiarize yourself
with right away:
Because if you try to sell the same products as everyone else, people won’t see any reason to buy from
you instead of them. You have to be different—and better!
That means that when people visit your website, for instance, they should see something special about
it and about YOU. They should feel that there is a reason for them to choose you over anyone else. They
should know what makes you different from the other distributors out there, and why they should
choose you over them!
Be positive and optimistic about your company, be approachable and easy to talk to, don’t be afraid of
rejection. And do all that with a personal, unique touch!
It’s easy to get distracted when you’re running your own business. But if you want to succeed in network
marketing and build a team of people who are committed to your success, it’s vital that you establish
and maintain a consistent follow-up system.
Set specific goals for each prospect. This will help keep everything on track and ensure that you’re
reaching out to prospects in the most effective way possible.
Create a schedule for following up with prospects. This will ensure that you’re staying organized and
hitting deadlines as well as getting through all your leads in a timely manner so that no one slips through
the cracks!
Make sure everyone on your team knows exactly what they need to do at every step of the process so
that there’s no question about how things should proceed from one day or week to another (and so that
everyone feels like they’re contributing equally).
Set regular reminders for yourself about what needs doing next—especially if there are multiple tasks
involved.
C – Leverage The Power Of Referral Marketing
Referral marketing is a powerful way to grow every business. When you have customers who love your
products and services, they can become your best salesperson by sharing them with their friends and
family.
When you ask for referrals, you’re asking for an important favor: to recommend your product or service
to someone else. That’s why it’s important to make it as easy as possible for them to do so.
When you start networking online, you can reach more people than if you were using traditional offline
methods.
Plus, it’s easier to track your actual sales and make sure you’re getting the most out of every lead. You
can’t always tell how well a face-to-face meeting is going until after it’s over—but when you run an
online campaign, everything happens right in front of your eyes.
No need for expensive equipment or lots of training: just follow the right coaches and the internet
courses more appropriate to your needs and attitudes.
NOTE – Typically connected with the use of digital marketing channels is affiliate marketing. It has
something in common with network marketing, but there is no networking with the people involved.
Affiliate marketing is simply when you refer someone to a product or service and they purchase from
this company. You get paid for referring them to the company.
When you start networking marketing online, you can reach more people than if you were using
traditional offline methods.
Plus, it’s easier to track your sales and make sure you’re getting the most out of every lead. You can’t
always tell how well a face-to-face meeting is going until after it’s over—but when you run an online
campaign, everything happens right in front of your eyes.
No need for expensive equipment or lots of training: just follow the right coaches and the internet
courses more appropriate to your needs and attitudes.
You can use social media platforms like Facebook and Twitter to connect with other people interested in
your product or service. This is a great way to reach out to people who may not have heard about your
company otherwise.
You can also use these platforms for advertising purposes—you’re not limited by what billboards or
newspaper ads can offer!
You can also get information about your customers without having to leave home: all you need is an
internet connection!
Advantages to using internet in network marketingPin
The internet is a powerful tool for network marketers. It allows you to reach out to more people and
build a bigger, more loyal customer base. It also lets you use social media to connect with people who
have similar interests and needs, which is great for networking.
Do your research on the company or product so you know what it’s all about and why it’s different from
other options on the market.
Ask questions! If you don’t understand something, ask someone in your upline or mentor. They are
there to help you succeed.
Get involved! Join groups on social media or attend events where you can learn more about the industry
and meet potential customers or recruits.
Where And How Can I Learn Network Marketing As A Beginner?
The best place to start learning network marketing is on the internet. Check out YouTube and Google for
a ton of resources. You can also find a lot of great information in Facebook groups and other online
communities. Start by searching for “how to start [network marketing company name]” on Google or
YouTube. This will pull up all kinds of information from articles and videos to podcasts and live streams.
What Should I Look Out For When Starting A Network Marketing Business?
When you’re getting started with network marketing, it’s important to be aware of the following:
Conclusion
The MLM industry is a growing one, and it’s not hard to see why. It’s a great way to make money from
home without having to deal with the hassle of an office job or a traditional 9-5 career.
Let’s say: you’re ready to start a network marketing business, you’ve heard about all the amazing things
that can happen when you build your own team, and you’re ready to get involved.
You know it takes a lot of work, but you’re excited because you know that if you can just get started and
keep going through one day at a time, eventually you’ll have all the success you ever dreamed of.
But here’s the thing: most people who start with no experience end up quitting after a few months
because they don’t know what they’re doing.
And even if they do stick with it for longer than that, they usually end up in debt and feeling like they
wasted time and money on something that didn’t work out. The truth is that those people aren’t failures
—they just didn’t have the right information before starting out.
On this page, we tried to walk you through all the steps you’ll need to take in order to start your own
profitable network marketing business from scratch.
Whether you’re brand new or an experienced marketer with years under your belt, these general
concepts will stay true all along your path.
If you have doubts and concerns about how to get started in network marketing, leave a comment
below, follow us on Twitter, or contact us directly from this page.
More Resources
Network Marketing Guides
4 Thoughts On “How To Start Network Marketing”
feshop
December 4, 2022 at 11:30 pm
Keep going 🙌
Reply
Enrico
February 12, 2023 at 11:54 pm
Tnx ! This article is a great resource for anyone interested in starting a network marketing business.
Reply
hair growth
March 14, 2023 at 10:40 am
What’s up to eveгy single one, it’s in ffact a nice foor me to
pay a quick visit this website, іt іncludes valuable Іnformation.
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Network marketing
Network Marketing has gained a lot of importance in India in the last decade. This is the platform that
combines flexibility of a business and paycheck system of job, to give you best of both worlds. Today in
this post, I will walk you through each step required to start and build a successful network marketing
business on your own. Grab a pen and a paper and let us get started!
Once you have decided which network marketing company to join and how to sign up with them, follow
the steps below to kick-start your business.
To be successful in any business, one must first have a dream. Your first step is to determine the WHY.
Why do you want to enter network marketing? Is it because you want to be recognised? May be you
want to live rich life? A car or a house? Education of your children? You must have a dream to keep you
going. Also, ask yourself whether you are ready to commit to it, even if it is one hour a day! In bold,
write down your dream.
ACTION — WRITE YOUR TOP FIVE DREAMS THAT YOU WISH TO FULFILL WITH THIS BUSINESS.
Each step is going to build a great foundation to your network marketing business. Now that you know
why you want to get in network marketing, the second question is how. With help of this guide and your
upline (recruiter), decide long term, yearly and monthly goals.
For example,
A goal will help you stay focussed and a plan will tell your brain what is needed to be done to reach that
goal.
ACTION — WRITE DOWN GOALS ON A PAPER AND DISPLAY IT WHERE YOU CAN SEE IT EVERY SINGLE
DAY.
After you have mastered the how-to’s of business, it’s time to put goals to action. Based on your dream,
goals and trainings, plan your calendar. Create a weekly task list of the month and share it with your
Downline/ team members. Remember, in network marketing business, the more your team members
grow, the better.
Your whole action plan must focus on 1. Team members and 2. New personal recruits. You are a leader
and you are responsible for the growth of your team.
ACTION — CREATE A MONTHLY CALENDER OF TASKS FOR SELF AND TEAM MEMBERS.
Most of the people stop after planning, successful people convert their plans into reality. While 80% will
give up after planning, be a leader and put your effort to convert your dream into reality. Your monthly
goals should include
This is all you have to keep in mind. All your campaigns must revolve around these three important
goals. Here on this blog, you will find how to achieve success in each of these goals, so stay tuned.
ACTION — PUT YOURSELVES OUT THERE AND GENERATE POTENTIAL LEADS, TRAIN TEAM MEMBERS.
At the end of each week or month, reflect on what you have achieved, the opportunities you have
missed, and what can be improved. Celebrate your victory with team members and learn from the
mistakes you made this month. Progress check session can tell you whether you are going to be
successful or not, how close are you towards your goal and prepare you to generate affective action
plans for the next month.
A journey starts with the first step.
You have your guide to start network marketing. Now all you have to do is find your motivation and start
putting plans to actions. In no time, you will start seeing the fruits of your effort. Network marketing is
an excellent opportunity for people who wants stable, ever increasing income while being your own
boss.
Join us to receive more amazing guides like this and I will see in next post. Until then, stay blessed.
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Home » Business Cycle » Network marketing?
It’s also known as multilevel marketing, referral marketing and consumer direct marketing. No matter
what you call it, these are businesses where the best entrepreneurs can succeed – and even find their
true gift.
Most network marketing in business takes place face-to-face. All you need to do is talk to people! Let
your passion shine through and use your communication skills to build rapport and get people
interested in your product. Here’s where the “network” part comes in: When you sign someone up, they
become part of your team. You earn commission on their sales and on sales of any people that they sign
up – and so on. The more passionate people you can find, the better.
The disadvantages of network marketing are similar to those for any sales business: It will take time to
build your business, and a lot of people will tell you “no” before you start hearing “yes.” Competition
can be fierce, so you must always be a step ahead. Never forget that you are still an entrepreneur, even
though you’re part of a network marketing business. You must strengthen your resilience, build your
brand, market yourself and innovate – just as you would if you started a traditional business.
HOW TO SUCCEED IN NETWORK MARKETING
Now that you know what network marketing is, it’s time to get started. Running a successful network
marketing business doesn’t have to be time-consuming or complicated. You can create a breakthrough
with a few simple steps – change your story, change your strategy and the rest will follow.
Your love and passion for a product or service drives you to properly tell its story, and that’s how you
create value. Consider what products have improved your life in the past and what you want to learn
more about. Is it supplements? Home décor? Cosmetics? When you choose something you have a deep
interest in, that passion will shine through.
There’s another benefit to choosing something you love: more sales. Today’s consumer is bombarded
with marketing, branding and advertising. They’re on high alert and know when they are being “sold” to.
If you’re just doing this for the money, they will sense it right away – and react accordingly. The best
network marketing entrepreneurs figure out how to combine their true passion with their ability to
make money. What is network marketing at its most successful? It’s your chance to make a difference in
the world – and make money while you’re at it.
Fifty percent of businesses fail within the first year, and 80% fail within five years. Signing up with a
business that hasn’t had its doors open for at least that long is an additional risk.
Network marketing companies with nothing to hide disclose their financial statements. Take the time to
read the statements and ensure the business is well-capitalized.
flow
customer base
Professional development:
Make sure the business provides the coaching, technology and support you need, and will send you to
any conferences and meetings required to advance your training.
Sign on with an established company that already has raving fan customers. An existing customer base
allows a network marketing business to shift gears as necessary.
As you consider turning to these people, remember that you want to add value to their lives with your
product or service. Don’t pitch everyone in your phone book just because you can. Remember that the
secret to living is giving. Those who thrive in network marketing understand that it’s not about selling –
it’s about using the opportunity to cultivate an abundance mindset and improve the lives of others.
Before you even start network marketing, you need to learn how to cultivate positive emotions and
control your reactions to situations. Choose how you feel rather than reacting to a situation. When you
do this, life happens for you instead of to you, putting you firmly in the driver’s seat. You will face plenty
of challenges as you learn about network marketing, and viewing each setback as something you can
overcome and learn from will help you move on from temporary disappointments.
Figuring out how to succeed in network marketing doesn’t have to be time-consuming or complicated.
You can create a breakthrough with a few simple steps – change your story, change your strategy and
the rest will follow. Tony says, “Most of us get what we tolerate.” It’s time to stop tolerating anything
less than being your own boss.
ROBBINS RESEARCH
INTERNATIONAL, INC.
9051 Mira Mesa Blvd P.O. Box 261229
San Diego, CA 92126
CONNECT WITH TONY
CUSTOMER SUPPORT
Contact Customer Support for questions on your products, coaching, or events....
Network Marketing
Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
Network marketing is one of the hottest retail industries out there. It functions on the idea that you sell
products to people who in turn sell to other people who sell to other people . . . and so on. Network
marketing programs feature a minimal upfront investment--usually a few hundred dollars or less for the
purchase of a product sample kit--which gives you the opportunity to sell the product line directly to
family, friends and other contacts. Most network programs also ask that you recruit other sales reps--
those same family members, friends and acquaintances. These sales rep recruits constitute your
'downline,' and their sales generate income for you. Then whoever they recruit becomes part of their
downline as well as yours, generating income for them as well as for you. So the more people you bring
on board, the better your income potential. If you're a sales-savvy type who can convince others of the
beauty of this plan and keep them selling sales memberships (as well as products), you can earn a
substantial amount of money. And you've got lots of network marketing plans to choose from. The most
popular sell health supplements and beauty aids, but you can go with everything from long-distance
phone services to fine art prints. The advantages to this business are that start-up costs are minimal,
hours are flexible, you can start part-time, and you can work from home. About the only thing you need
in this business is a sense of salesmanship. If you've got a background in sales, you're ahead of the
game, but if not, you can still succeed. Just make sure you believe in the products and the company
you're working with. Honest enthusiasm goes a long way toward convincing others to buy.
The Market
Your customers will be anybody and everybody you know or meet. Most network marketers start off
soliciting friends and family. If there are others working for the same company in your area, they may
have organized weekly meetings at which salespeople and prospects gather to cheer each other on and
sign up new members. If so, make it a point to attend with your own prospects. It's harder for people to
decline your invitation to join in a room full of other enthusiastic newbies. In this business, it's important
to keep your distributors selling. Don't sell them a membership and ignore them, or they're liable to
drop down their link in the chain. Talk to them often about how they're doing. Go with them on sales
calls to offer moral support and enthusiasm and help sign up prospects. Many network marketers sell via
the party plan. It's easy and it's fun. Have a host or hostess invite friends to sample your products. You
sell products, sign people up, and the party-giver gets a free gift or a discount on her purchases.
Needed Equipment
You don't need any special tools or equipment, except for a phone to keep in touch with your
distributors, parent company and prospects, and a car to go out and sign people up and attend the
weekly pep-talk meetings that are a feature of this business.
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Home » Business ideas » Retail Industry » Multi Level Marketing
If you live in the united states of America, you will agree that loads of entrepreneurs and freelance
marketers are making good money from selling the products of a company or their own product via
network marketing or multi – level marketing as it is popularly called.
Starting a network marketing business can be demanding and risky at the same time, but if you have
done your due diligence before venturing into the business, you are likely not going to run at a loss. First
and foremost, you are expected to have experience in the network marketing agency industry. It will pay
you to study marketing if indeed you want to venture into this line of business.
It is very needful that you analyze the existing network marketing business in and outside of your area.
Know how many there are. Also, you would be required to check the existing competition, as well as
know their strengths and weaknesses.
Knowing the weaknesses of the existing network marketing businesses around you means that you
would be able to learn from their mistakes and in turn come up with a better and more preferred
network marketing company devoid of the mistakes and weaknesses of others.
So, if you have done the required feasibility studies and market research, then you might want to
venture into this business. If you have been tinkering with how to start your own network marketing
business but do not know how to go about it, then you should consider going through this article; it will
sure give you the needed guide and direction.
Network marketing which can also be referred to as Multi-level Marketing (MLM) or Pyramid selling or
affiliate marketing et al is a controversial marketing strategy in which the sales force is compensated not
only for the sales they are able to generate, but also for the sales of other salespeople (downlines/team
members) that they recruit.
In the United States of America and of course in most countries of the world, companies that leverage
on the network marketing approach for compensation have been a frequent subject of criticism and
lawsuits.
Generally, criticism has been focused on their similarity to illegal pyramid schemes, price fixing of their
products, high initial costs for registering (the amount needed to purchase marketing kits and first
products), emphasis on their recruitment strategies and loads of other techniques that seem not to be
plain and easy.
The research also shows that companies such as Avon, Electrolux, Tupperware and Kirby all initially used
single level marketing to sell their products and later introduced network marketing compensation
plans.
The Direct Selling Association (DSA) in the United States has approximately 200 registered members,
while it is estimated there are approximately 1,000 firms using network marketing in the United States
alone. It is important to state that network marketing companies operate in all the 50 states in U.S.
So, if you have the intention of starting your own network marketing company, then you should ensure
that you select a product or service that is easily sellable and of course, formulate a good reward system
for network marketers under your scheme.
You should also ensure that you conduct thorough feasibility studies and market survey before
launching your network marketing company.
Some of the factors that encourage entrepreneurs to start their own network marketing companies are
that the business is easy to set up and the start-up capital is indeed affordable especially if you are
selling the product or services of an existing company; you can actually start your own network
marketing business as a freelance from the comfort of your house.
All you need to do is to create an office or storeroom somewhere in your house and then start
marketing your products and services to your friends and invite them to join the network. Over and
above, network marketing has become one of the best options for stay at home mothers or anyone who
intends making money without registering their own personal business or directly working for an
organization.
So, if you are looking towards defining the demographics for your network marketing company, then
you should make it all encompassing. It should include everybody with or without purchasing power
within your target area.
These are some of the areas of specialization a start-up network marketing company can specialize in
within the advertising agencies industry;
Selling Products
Offering Services
The Level of Competition in the Industry
Surviving in the business world as a network marketing company requires more than your expertise and
knowing how to conduct your business, but also how to network with key people that matters, people
with influence to help you recruit network marketers with the capacity to take your products or services
to every nooks and crannies of the city your operating in.
The level of competition in the network marketing industry to some extent depends largely the location
of the business and of course the products you are selling or services you are offering. If you can
successfully create a unique product or services, you are likely going to experience little or no
competition.
For instance, if you are the only network marketing company that sells children toys or children related
stuffs in your location, you are likely going to face minimal competition. The major competition you will
face won’t be from fellow network marketing companies but from toy stores around you. But if the
prices of your toys are competitive and your reward system for network marketers is enticing, then you
will enjoy a fair share of the available market in you location.
When it comes to network marketing, distance is never a barrier when competing for customers and
network marketers. Your network marketing company can be in the United States and but you may have
some of the largest network of marketers in Lagos – Nigeria.
But over and above, there are several network marketing companies scattered all around the United
States and in the cyber space. So, if you choose to start your own network marketing company in the
United States, you will definitely meet stiffer competitions not only amongst network marketing
companies in the United States, but also all over the globe.
Besides, there are larger network marketing companies like Forever Living Products, Fuel Freedom
International, Avon Products, Mary Kay Cosmetics and Tupperware that determine the trends in the
industry and you should be ready to compete with them for network marketers and for customers.
These are some of the leading network marketing companies/brands in the United States of America
and also in the globe;
People that venture into network marketing business can as a matter of fact start the business from
their home and still make headway in the business. This is why there are loads of stay-at-home moms
who are active network marketers all across the United States and in the globe.
As a matter of fact, the cost of running the business process from start to finish could be restricted to
the cost of making phone calls, transportation, internet subscriptions, PR and in some cases materials
such as fliers, posters and digital billboards et al. With that, it is easier to place a projection on the
profits you are likely going to make if you are able to successfully sell your products or services via the
number of network marketers you have within your network.
So, if you are interested in the network marketing industry, you have the option of either becoming an
active network marketer with an established network marketing company or you start your own
network marketing company from the scratch.
Please note that most of the big and successful network marketing companies around started from the
scratch and they were able to build a solid business brand. It takes dedication, hard work and
determination to achieve business success and of course you can build your own network marketing
company brand to become a successful brand in your area of specialization and even go ahead to sell
your products or services and recruit network marketers both at the national level and global stage.
Asides from unfavorable government policies, just like any other business, one of the major threats that
you are likely going to face is economic downturn. It is a fact that economic downturn affects
purchasing/spending power. Another threat that may likely confront you is the arrival of a network
marketing company or even a company retailing same products like you in same location where your
target market exists and who may want to adopt same Business model like you.
Generally, you have the option of either choosing a general partnership or limited liability company
which is commonly called an LLC for a business such as a network marketing company. Ordinarily,
general partnership should have been the ideal business structure for a small scale network marketing
company especially if you are just starting out with a moderate start-up capital and you want to
concentrate on a region. But people prefer limited liability Company for obvious reasons.
As a matter of fact, if your intention is to grow the business and have network marketers from all across
the United States of America and other countries of the world, then choosing general partnership is not
an option for you. Limited Liability Company, LLC will cut it for you.
For example, Setting up an LLC protects you from personal liability. If anything goes wrong in the
business, it is only the money that you invested into the limited liability company that will be at risk. It is
not so for general partnerships. Limited liability companies are simpler and more flexible to operate and
you don’t need board of directors, shareholders meetings and other managerial formalities.
These are some of the factors you should consider before choosing a legal entity for your network
marketing company; limitation of personal liability, ease of transferability, admission of new owners,
investors’ expectation and of course taxes.
If you take your time to critically study the various legal entities to use for your network marketing
company, you will agree that limited liability company; an LLC is most suitable. You can start this type of
business as limited liability company (LLC) and in future convert it to a ‘C’ corporation or an ‘S’
corporation especially when you have the plans of going public.
Upgrading to a ‘C’ corporation or ‘S’ corporation will give you the opportunity to grow your network
marketing company so as to compete with major players in the industry; you will be able to generate
capital from venture capital firms, you will enjoy separate tax structure, and you can easily transfer
ownership of the company; you will enjoy flexibility in ownership and in your management structures.
If you are considering starting your own network marketing company, here are some catchy names that
you can choose from;
Here are some of the basic insurance policy covers that you should consider purchasing if you want to
start your own network marketing business in the United States of America;
General insurance
Health insurance
Liability insurance
Workers Compensation
Overhead expense disability insurance
Business owner’s policy group insurance
Payment protection insurance
10. Protect your Intellectual Property With Trademark, Copyrights, Patents
If you are considering starting your own network marketing company, usually you may not have any
need to file for intellectual property protection/trademark. This is so because the nature of the business
makes it possible for you to successful run the business without having any cause to challenge anybody
in court for illegally making use of your company’s intellectual properties.
But if you just want to protect your company’s logo and other documents or software that are unique to
you or even jingles and media production concepts, then you can go ahead to file for intellectual
property protection. If you want to register your trademark, you are expected to begin the process by
filing an application with the USPTO. The final approval of your trademark is subject to the review of
attorneys as required by USPTO.
You are strongly encouraged to pursue professional certifications as they will go a long way to show
your commitment towards the business. These are some of the certifications you can work towards
achieving if you want to run your own network marketing business;
These are some of the basic legal documents that you are expected to have in place if you want to
legally run your own network marketing company in the United States of America;
Certificate of Incorporation
Business License
Business Plan
Non – disclosure Agreement
Employment Agreement (offer letter)
Operating Agreement for LLCs
Insurance Policy
Consulting contract documents
Online Terms of Use
Online Privacy Policy Document
Apostille (for those who intend operating beyond the United States of America
13. Raise the Needed Startup Capital
Starting a network marketing business can be cost effective especially if you choose to sell the products
or services of a company and you also choose to run the business from your home, share office space
with a friend or make use of virtual office.
Producing your products and securing a standard office/production facility is part of what will consume a
large chunk of your start-up capital, but if you choose to start the business on a small scale by retailing
the product and services of an existing company, you may not have the need to go source for fund to
finance the business.
No doubt when it comes to financing a business, one of the first things and perhaps the major factors
that you should consider is to write a good business plan. If you have a good and workable business plan
document in place, you may not have to labor yourself before convincing your bank, investors and your
friends to invest in your business.
Here are some of the options you can explore when sourcing for start-up capital for your network
marketing company;
Raising money from personal savings and sale of personal stocks and properties
Raising money from investors and business partners
Sell of shares to interested investors
Applying for loan from your bank/banks
Pitching your business idea and applying for business grants and seed funding from donor organizations
and angel investors
Source for soft loans from your family members and your friends.
14. Choose a Suitable Location for your Business
Network marketing business and most product based businesses require that you see physically with
your clients hence it must be located in a good location; a location that is prone to both human and
vehicular traffic if indeed you want to attend to loads of clients and maximize profits from the business.
The fact that you can operate your network marketing business from your home does not mean that
location has little influence on the success of a network marketing company. If you have taken your time
to study the network marketing industry, you will realize that network marketing companies are willing
to pay expensive rents in order to stay in a busy business district; a place where business activities are at
its peak.
Your clients should be able to drive down and locate your office with little or no difficulty. Vendors also
should be able to easily locate your office when they have to come submit their bid/proposals,
documents or for background checks et al.
When it comes to choosing between renting and leasing of an office space; the size of the network
marketing company you want to build, and your entire budget for the business should influence your
choice. If you have enough capital to run a standard network marketing company, then you should
consider the option of leasing a facility for your office; when you lease, you will be able to work with
long term planning, structuring and expansion.
As regards the number of employees that you are expected to kick start the business with, you would
need to consider your finance before making the decision. Averagely, you would need a Chief Executive
Officer or President (you can occupy this role), an Admin and Human Resource Manager, Software Apps
Developer/Programmer/IT Specialist, Network Marketers/Freelance Marketers), Business Development
Executive/marketing Executive, Customer Service Officer or Front Desk Officer, and Accountant.
Over and above, you would need a minimum of 8 key staff members to effectively run a medium scale
but standard network marketing company.
Once network marketers are recruited into the network, they are expected to pay registration fees and
start-up fees (for the purchase of the first set of goods to be sold). The network marketers are required
to recruit network marketers under them and they are encouraged to also recruit more network
marketers as their downlines.
The truth is that if the product that a network marketing company is selling is affordable and of good
quality, it will be easier for network marketers under their network to sell the products. The more
products that are sold, the more money that the network marketer will make and of course the more
money the network marketing company will make.
It is important to state that a network marketing company may decide to improvise or adopt any
business process and structure that will guarantee them good return on investment (ROI) efficiency and
flexibility. It should be noted that the above stated business cum services process is not cast on stone.
These are some of the marketing ideas and strategies that you can adopt for your network marketing
company;
Introduce your products or services by sending introductory letters alongside your brochure to network
marketers, stay at home moms, and residents in your chosen location.
Advertise on the internet on blogs and forums, and also on social media like Twitter, Facebook, LinkedIn
to get your message across, so that those on the social media or those who read blogs can know where
to go when they need to purchase your products.
Create a basic website for your business, so as to give your business an online presence.
Directly market your products and your business concept.
Engage in roadshows in targeted communities from time to time to sell your products and to recruit
network marketers.
Join local chambers of commerce and industry for industry trends and tips.
Provide discount days for your customers.
Advertise our business in community based newspapers, local TV and radio stations.
List your business on yellow pages ads (local directories).
Encourage the use of Word of mouth marketing (referrals).
17. Develop Strategies to Boost Brand Awareness and Create a Corporate Identity
If you are in business and you are not deliberate about boosting you brand awareness and
communicating your corporate identity, then you should be ready to take on whatever the society
portrays your business to be. One of the secrets of larger corporations is that they are willing to spend
fortunes year in and year out to boost their brand awareness and to continue to communicate their
corporate identity the way they want people to perceive them to be.
If your intention of starting a network marketing company is to grow the business beyond the city where
you are going to be operating from to become a national and international brand, then you must be
ready to spend money on the promotion and advertisement of your brand.
No matter the industry you belong to, the truth is that the market is dynamic and it requires consistent
brand awareness and brand boosting cum promotion to continue to appeal to your target market. Your
corporate identity has a lot to do when it comes to building a business that is profitable and can last
long.
Here are the platforms you can leverage on to boost your brand awareness and create corporate
identity for your network marketing company;
Place adverts on both print (newspapers and magazines) and electronic media platforms
Sponsor relevant community based events/programs
Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube,
Google + et al to promote your business
Install your Bill Boards on strategic locations all around your city or state
Engage in roadshows from time to time in targeted neighborhoods to retail your products and to recruit
network marketers
Distribute your fliers and handbills in target areas
Contact network marketers, stay at home moms, and residents in your chosen location informing them
about your products and your network marketing concept
List your network marketing company in local directories/yellow pages
Advertise your network marketing company in your official website and employ strategies that will help
you pull traffic to the site.
Ensure that all your staff members and network marketers/freelance sales agents wear your branded
shirts and all your vehicles and distribution trucks/vans are well branded with your company logo et al.
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6 Reasons Why I Failed to Build a Network Marketing Business
6 Lessons from My Failure in the Network Marketing Industry
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Follow These 7 Key Steps To Successfully Launch Your Network Marketing Business
Successful people don’t just tiptoe their way into success. They launch into it!
See, any decent business has a launch process in place. And when I look at all the successful people in
my business, they didn’t tiptoe their way into success. They launched their business. They hit it hard.
They hit it fast and they are still reaping the benefits today, years later, from what they did in the first 90
days.
Now the good news is you can always re-launch your business and start a fresh 90-day run. Even if you
just run hard for 30 days, you can create momentum that you can reap the benefits from for years to
come. It is just taking that timeframe and condensing it. Instead of spreading out your efforts over the
course of a year, condense that timeframe and talk to the same amount of people in 90 days! Then
watch what happens!
So how do you launch/ re-launch your business? What are the exact steps you need to take in order to
crush it? Let’s get down to the nitty-gritty!
Follow These 7 Key Steps To Successfully Launch Your Network Marketing Business
So write down your WHY. Know why you're doing what you're doing! And have a vision for what you
want to accomplish in the long-run! And we want to challenge you - put your vision on a board, so you
can look at it every day!
Because if you're noticing that your battery's empty, you're going to show up to your business like you're
doing a chore. And that's just not a winning formula. So let's get that clarity!
First you build a community and then you can generate leads inside that community. Makes sense?
And here's the deal. You have to have clarity for yourself so that it drives you in having a vision for who
you want to become and what you want to accomplish. That will amplify your impact!
The same is true for your business. You know where you want to go. Now let's identify what exactly you
are going to do for the next 30-60-90 days!
As Jim Rohn says, "The drama is in the details." So let's write down that business plan!
launch
So who can help you get the job done? If you want to raise up your income, you need to make sure that
your energy is not wasted on activities that:
But they have to get done! And that depletes you. So now when you go to build your business, you're
just not effective. Let's break this cycle!
Do you want to find out exactly how you can do that? Check out this training >>> Strategic Outsourcing:
How To Hire And Build The Best Virtual Team!
So pay attention, recognize what is working for you and do more of it! Instead of beating yourself up,
evaluate why certain strategies worked and others - didn't. Instead of being frustrated about why things
don't work the way you intended, become fascinated. Detach yourself from the emotion of it all and
look at it logically.
Then continue to step it up, test it, tweak it, test it, tweak it because you're going to fail your way to the
top! That is how that works.
Step #6: Optimize your Infrastructure
Did you know that there are 3 rules for money?
That's the true freedom - making your money work for YOU!
I had to learn these lessons the hard way... Because it's not how much money you make, it's how much
money you keep.
For example, I would get so anxious because I needed to spend two weeks every year, just going over
receipts and not making any sense of the taxes we had to pay. Then I hired a bookkeeper! She's been
such a blessing! She put our receipts in order and helped me optimize the backend. Since then, my
happiness level increased exponentially!
That's why finding the fastest and more efficient way to get your tasks done, can do wonders for your
business!
So what are you willing to do? How many humans are you going to talk to per day? Because that's what
it all boils down to. That's what's most important!
The truth is, you can make up in numbers what you lack in skill, so you've got to get after it. If you don't
like the results you've gotten thus far, think about this: how many hours were you putting into your
business and how hard were you really working?
If you don't have people looking at the information, your business is not going to move forward. You
have to have that urgency and never get complacent! If you've got big goals, don't rely on new
prospects to join because that doesn't depend solely on you. Rely on what YOU can do! So go out there
and talk to some humans!
These are the 7 steps to launch a successful business. Did you already take some of them? Have you
launched your business? If not, are you planning to re-launch it? Let us know in the comments below!
And if you found value in this training, share it with your team! Someone might need to hear this!
We are home business and lifestyle experts, personal branding and online marketing strategists. We
pride ourselves on helping thousands of entrepreneurs and network marketers all over the world build
their home business empire leveraging Social Media.
If you enjoyed Follow These 7 Key Steps To Successfully Launch Your Network Marketing Business be
sure to like, share or comment below!
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How to Start Networking Business in India?
Author :
Traffic Tail
| Updated On :
July 17, 2023
Table of Contents
While others have managed to earn handsome profits from the network marketing business. So, if you
want to know about the network marketing business and how it works, this blog is for you.
We have covered different aspects like what is network marketing business, how does it work,
advantages associated with network marketing, and everything you should know about network
marketing.
It cuts the role of middlemen and sells the products to the customers at fair prices. The network
marketing business model is different from normal businesses. Usually, the business manufactures the
products and then looks for wholesalers, retailers to sell their product.
But network marketing business has another strategy. A network of distributors is created, who start as
the customers.
If you are planning to start a business with low investment, then network marketing business is for you.
This is a great way of making customers by spending minimum on marketing. You don’t even require
paid workforce for the same.
You can start this business from your home and earn lucrative profits. The reason why it is called a multi-
level marketing business is there are multiple levels of distribution. And the chain goes on.
In the business language, a person forms a downline by word of mouth to further sell the product. In the
network marketing business, the aim of the salesman is not to just sell the products but also expect the
customer to continue the chain. This is how they develop a network and the business is called network
marketing business.
In a network marketing business, one person sells the product to a customer and then asks him to
continue the chain. The customer who purchases products does not continue the chain for free. It runs
on commissions.
When the customer manages to sell the product or service, he receives a commission on the sale he
made. In the whole scenario, the person dealt directly with the customer and not with a wholesaler or
retailer. This is why a network marketing business is also called direct selling.
You can also form a team of happy customers. These happy customers can further sell the products of
the company. In this method, the company does not spend on traditional advertising methods like
distributing pamphlets or other advertising forms. The customer is paid for convincing others to buy the
products.
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How does network marketing business work?
The next question that must be striking in your mind is – How does it work? Here we go with the
answer.
In the multi-level marketing business, companies hunt for the people who are ready to sell their
products or who are passionate about pursuing network marketing business.
As we already mentioned, the network marketing business does not work on a paid manpower. Instead,
the company offers its products to these people at discounted prices and urges them to sell and earn.
The amount that team members generated from the sales goes into the pocket of the member who sold
the product. If the customer gets well-versed, he buys more products to increase his income.
The whole strategy is to sell the products or services and prompt the purchaser to build a downline of
the people who can continue the chain. The company encourages them to sell the product and make
more customers. In return, they receive a small percentage from each sale made by the members of
their respective downlines.
The network building goes on. Like it starts from the primary distributors, and every individual is
expected to build their downline and the chain keeps growing. It is also known as referral marketing as
these recruits are referred to the company through primary distributors.
So, the work is to find enthusiasts who are willing to purchase these products and continue the chain.
The earning strategy of the people involved in this chain is- they earn through the sales they make and
their downline members make.
Now the question is, how does the company earn. The company earns from the sale of their products.
The sale that goes on. The company manages to earn heavy profits without investing in marketing.
Marketing is expensive and by adopting this business a company can cut the cost of marketing.
Although, the model looks like a pyramid in the legal sense it is not a pyramid scheme. It is called
pyramid selling, but it is not a pyramid scheme. The concept of the pyramid scheme is different from the
concept of MLM business.
One of the basic differences between a pyramid scheme and multi-level marketing is that a pyramid
scheme is not legal while network marketing is legal. A pyramid scheme is established with the motive of
allowing the company to scam the distributors and arrogate their money.
Although both of them aim at developing networks, the pyramid scheme uses the network to grab
money illegally while network marketing provides a fair chance to recruits to generate income.
Network marketing runs on legit products while a pyramid scheme is a scam. Nowadays, people are
running a pyramid scheme in the name of a network marketing business. You should understand the
difference between the two.
People who are forwarding the pyramid scheme ask their distributors to pay registration fees, while
network marketing business never does that. One of the most important differences is- if a person fails
to sell the products and wishes to return these products MLM companies buy them back for a
percentage of the amount distributor originally paid.
But under the pyramid scheme, there is no such option. The products they sold to the distributors are
final.
You can distinguish between them both. As pyramid scheme starts with an objective of earning money
and they prefer recruits over sales. While an MLM business aims at increasing sales and not the number
of recruits.
People make MLM business their second job. As network marketing business is not time-consuming. You
can manage other activities along with working for a network marketing company. As we said, you can
do this business from home as well.
So, if you can convince people and make sales, then the network marketing business is the right choice
for you.
1. Important definitions-
Direct Selling– The term direct selling refers to selling the products directly to the end-user. It cuts the
role of middlemen and the products are sold to the customers by using traditional marketing strategies
like word of mouth, distributing pamphlets, etc. These companies can set delivery points and pick-up
points for the products.
Direct Selling Entity- It is a type of business entity that is recognized by law for the time being in force
including but not limited to a Company that is incorporated under the Indian Companies Act. This is not
illegal, as it is duly recognized by the law as a registered Partnership Firm.
Direct Seller- The person who is authorized by the direct selling entity to get involved in the direct selling
business.
Consumer- A consumer is a person who purchases the products for personal use and not to resell or use
it as a raw material for manufacturing a product.
Goods or Products- It includes all kinds of moveable property other than actionable claims and money.
The same meaning as defined in the Sale of Goods Act and section 3(26) of the General Clauses Act,
1897.
Sales Incentive- Sale incentive refers to the share of profit payable to the direct seller for making the sale
of products as per the contract. Before the business starts, an amount is decided and is duly mentioned
in the contract.
Conditions for Permissible Direct Selling- Should have a bank account with at least one nationalized
bank.
Should have Memorandum of Association, that should reveal the objectives and nature of the business.
Should be a direct selling entity, having GST No., TDS and other licenses, income tax.
Should pay the sales incentive on time at the decided rate without fail.
Should reveal the names and identification number of their direct sellers on the official website of the
company.
Should have a consumer grievance cell that should cater to the problems of the consumers within 7 days
from the date of making a complaint.
Should have a user-friendly website that allows consumers to express their opinions and file their
complaints conveniently.
2. Appointments-
Direct selling entity should appoint their members or direct sellers upon the receipt and scrutiny of
application in a prescribed format.
The direct selling entity should design an agreement that keeps the record of appointments exercised
between the direct seller and the direct seller entity.
The application should get considered only when the applicant is eligible to enter into the contract
under the Indian Contract Act.
The direct seller should get a Unique Identification Number before getting a license to start direct
selling.
No person should receive incentives on joining the direct selling entity.
3. Prohibitions-
Direct selling entity must not get involved in money circulation scheme or any act restricted by Prize
Chits and Money Circulation Scheme (Banning) Act, 1978.
Payment of incentive is unrelated to their sales volume.
Goods should be supplied with the knowledge that such goods are inferior or exceeded their validity
period as per the manufacturer.
4. General Conditions-
Make sure the MRP of the goods is mentioned on the package.
Sales incentives should be given to the direct seller on or before the due date. Avoid delaying.
Make sure that the account of each direct seller is prepared properly and is available through World
Wide Web.
Goods that are sold by a direct selling entity should carry a guarantee card by the manufacturer.
The consumer should be provided with an opportunity to return the product if it turns out to be
defective or doesn’t serve his purpose within 30 days of purchase, provided that the seal of the product
is not harmed.
5. Information Readiness-
A direct selling entity should have relevant documents. The list of documents is as follows-
7. Breach of Guidelines-
If a company that claims to direct selling entity but does not consider following the above-mentioned
guidelines shall not be considered a direct selling entity in the eyes of law and should remain prepared
to bear the legal repercussions.
Is it a fraud?
Do you also think, that network marketing is a scam? It is a genuine proposition to perceive in that way
as several companies are pursuing pyramid schemes in the name of network marketing. Firstly, network
marketing is not a pyramid scheme.
A pyramid scheme is a white-collar crime. It is a money game, that prefers recruits over sales. While a
network marketing business aims to earn through sales. Usually, a pyramid scheme does not deal with
real products or if it has products that are just to mislead customers.
Network marketing aims to provide people with a fair chance of generating income by selling their
products. But, the benefits from network marketing are directly proportional to the efforts of an
individual. It runs on a rule- The more you work, the more you earn.
In a pyramid scheme, if one person earns then another person has to lose money. But this is not the
case with the network marketing business. Everyone earns based on their efforts. Many companies
present a network marketing business as a get-rich-quick scheme, which is not true. It takes time to
deliver results.
A small discussion on what is network marketing. Network marketing is a serious business that does not
have a complicated structure. You don’t have to follow expensive marketing strategies or make sizeable
efforts like other businesses. You just have to sell the products and lure other people to join the network
marketing company.
Networking
The basic concept of a network marketing company can be concluded from this statement by J. Paul
Getty, “I would rather make 1 percent on the efforts of 100 people than 100 percent on my efforts”. This
is how it works.
A network marketing business runs in an organized manner. They work for decided hours in a week and
then recruit other people to work and sell their products. Every individual keeps on creating a downline
and the process goes on.
Network marketing is not a scam for sure. It has been accepted as a legal business form in the eyes of
law. So, if you are planning to engage in a network marketing program, go for it. The only thing required
is consistency. You have to work consistently to witness the fruit.
Find a company with the products of your choice- People get lured to the potential income they can
earn from network marketing business. They forget to consider the type of products that the company is
selling.
So, whenever you plan to step into the network marketing industry, make sure you like the product. You
must have enough knowledge of its benefits so that you can convince other people to purchase the
product and continue the chain.
You cannot give your 100% if the product is not of interest to you. Instead of focusing on what you can
earn, focus on what you can give. Consider your comfort for sure. Otherwise, you will lose interest soon.
Follow ethics- Like any other business, a network marketing business also demands ethical functioning.
Make sure you are not making use of unfair practices to sell the product or convince the client. Be
genuine and instead of using deception to lure the customers, explain the real scenario and persuade
them to get into it only if they are liking it.
Don’t force or pester your family members or friends- One of the key points to keep in mind, before
beginning the network marketing business is to persuade and not force. Don’t annoy your family
members and friends by constantly asking them to purchase your products.
They may consider it fishy. Talk to them once, ok twice and if they don’t like the product, then leave.
Don’t pester them about your business. You can be successful in the network marketing business, only if
you treat it like any other business. Consider what your customer wants and then sell.
Find your target market- You cannot go to anyone and start bragging about your products. You need to
identify your target market. You need to find those people who can genuinely take interest in your
products.
This prevents wastage of efforts and energy. Usually, network marketers commit this mistake. They start
discussing their idea with everyone, which should be avoided.
Share your product- You need to share your product. Just like any other business, you need to share the
details of your product. Either you can do it by word of mouth or by using other inexpensive marketing
tricks.
You can use digital marketing techniques to promote your product. You can start a website or go on
social media to let people know about your product. Promoting a network marketing business through
digital marketing could be a great idea.
We, at Traffic Tail, can help you in designing the website after considering your requirements.
Set a goal for parties- While starting a network marketing business, decide who should know about your
product. It should be done in a goal-oriented manner. You should know which group can help you in
achieving your goals and then move accordingly.
Remember it is a person-to-person business. Personal touch matters. Try to maintain the essence of
personal touch.
Sell the solution- Many times businesses serve as a solution to various problems. This is a great way of
promoting and increasing sales. Like other businesses, you have to follow this strategy. Try to present
your product as a solution to the problem of customers. You can increase sales and generate income.
Choose the right way of marketing- Your marketing should be next level. You should choose the right
way of promoting your business. Don’t forget to consider these three points- target market, what it
needs, what you can offer, and how it can be found.
In the network marketing business, word of mouth works perfectly. But it should be combined with
other marketing strategies for the best results.
Outshine your competitors- No business is free of competition, so, is MLM business. You need to
research and find your competition. Analyze his strategies and make your plan accordingly. If you want
to outshine your competitors, you need to offer something unique or uniquely. You can start giving
rewards from your side or you can introduce other offers.
Understand your product- Don’t jump on any marketing strategy only because your competitor is using
it. Understand your product and choose your strategy accordingly. Their strategy may or may not work
in the case of your product.
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You can work from home and which cuts the rental cost as well. You don’t have to spend on manpower
to run this business. You don’t have to pay for licenses or anything to run this business. The money you
manage to earn from the network marketing business is profit.
All you need to do is, purchase the products and then persuade people to buy them. And even if you fail
to sell these products, you can use them at home. You can begin by spending only 10-15 hours in a
week.
You may require money to purchase these products from the company. It may cost you around INR
5000-10000 depending on the company you are dealing with. You can even start with less amount. All
you need to do is, invest your time and efforts to generate income from a network marketing business.
So, if you want to start a business with the least investment, then this is for you. You must try your
hands on network marketing business. And the gains are directly proportional to your efforts.
You can sell products you are passionate about. As we already said, choose the product that appeals to
your interest. This is how you can manage to generate income and follow your passion.
It is a business with the least investment. So, if you have been planning for a long to start a business, a
network marketing business can help you with that. You can start a business with a small investment.
The best part of the network marketing industry is that you can work from home. You can start this
business while sitting in your room. You don’t have to rent a store to run this business.
You can get an opportunity to earn through direct sales commissions, downline commissions, and
bonuses when the goals are achieved. It is a great source of earning extra income.
You don’t have to purchase special equipment or hire manpower to start this business.
The system is so simple. The one who sold you products or the sponsor will earn a portion of the
commission from your sales. The customer will get the product he wants. Therefore, everyone gains.
Networking Business in India
It doesn’t work for most people. The reason could be the lack of skills. Although, it is said you can begin
a network marketing business with no skills. But the truth is you must possess extraordinary persuasive
skills to start this business.
You should know how you can sell your product. Another reason could be, people lack consistency. They
want results without much effort, which is not going to work here.
It is a time-consuming business. You cannot get overnight success. You need to have the patience to
witness measurable results.
People fail to develop networks and end up selling products to friends and family members. They are
not confident enough to talk to the new customer and convince them to buy the product.
If you can’t take rejection. Then this is not your cup of tea. You have to face a lot of rejections. As many
people consider it as fraud. But nothing would be appreciable if you appease them with the truth and
convince them to buy your product.
People are cautious. And to prevent themselves from scams, they resist real marketing businesses as
well.
Before entering into the network marketing industry, you must analyze the pros and cons of the
business and if you are ready for both then only you should step in.
Key takeaways
Choosing the right company is the key to success. Investigate the company. Confirm its legality and then
get associated with it. This can be done through a quick search on the internet.
Also, you should research and find the best company for you. Some questions that should be
considered-
What is the age of the company?
What is the status of the sales of the company?
What is the reputation of the company?
You must check the reputation of the CEOs and other leaders of the company. If they have been
involved in any scam or fraud then you should avoid that firm
Check the product. Since you are going to earn by selling this product. Make sure the product is reliable
and is not inappropriate. It should appeal to your interest so that you can pitch to people for the
product. Consider the following questions, while testing the authenticity of the product.
Is this product safe?
Is this product can be used by me and my family?
Is the pricing of the product fair?
One of the obvious points to be kept in mind is reading the contract. Read your contract carefully. Don’t
sign anything. Don’t believe what they say. Read the contract, clear your doubts, and sign when you get
satisfied.
Making a business plan can help you here as well. Like any other business, a network marketing business
can also function smoothly with a good plan. Prepare your plan. It may or may not concern the
company.
It should be prepared for your personal use. You can consider writing marketing strategies, your target
market, your long-term and short-term goals, working hours, etc. You can update your plan anytime you
want.
If you are new in the network marketing business, make sure you attend all the meetings and training
sessions to get acquainted with the way of dealing with and persuading the customers.
You can build your leads by using word of mouth, or other inexpensive marketing methods. You can also
go for social media marketing or develop a website to promote your products.
Do you know?
In 2019, Amway earned a revenue of $8.4 Billion.
NeXarise- The new network company is setting new standards in the network marketing industry.
Less than 6% of sales occur on the internet.
80% of sales are conducted face-to-face
A network marketing business can be started with a small investment and if done properly, it can
generate income. And the key to success is patience and hard work. Before starting a network marketing
business, consider the pros and cons and every other relevant matter.
You need to be aware of the pyramid scheme. As there are many companies, who are running a pyramid
scheme in the name of network marketing. Also, you should choose the product carefully. The product
you are choosing must have space in the area of your interests. Doing this can allow you to persuade
your customers easily.
Also, hone up your communication skills before stepping into the network marketing industry. Try to
learn some tact to convince people. Learn different tact to initiate the conversation.
Make sure your product serves as a solution to the customer’s problem. Try to identify their problem
and if your product can solve it, then introduce them to your product. For an instance, your cousin’s
wife is suffering from back pain and you have a balm that can help her, so this is the opportunity.
Introduce your product to him and you can further ask him to join the business.
This is how you can reach people out and sell your products. Make downlines, sell products and enjoy
the income generated from the network marketing business.
3. Are the terms MLM Business and network marketing business the same?
Ans. Yes, the terms MLM business and network marketing business can be used interchangeably. Both
depict the same meaning.
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Table of Content
1. Why You Should Start a Network Marketing Business
There are many reasons why you should start a network marketing business. First, network marketing
provides an excellent opportunity to earn a great income. With a network marketing business, you'll be
able to earn a commission on the products that you sell. Additionally, you'll also be able to earn
overrides on the sales of your downline. This can create a residual income that can provide you with a
great lifestyle.
Another reason to start a network marketing business is that you'll be able to help others to improve
their lives. As you build your downline, you'll be helping others to build their own businesses. This can
provide them with the opportunity to earn a good income and to improve their lifestyle. Additionally, by
helping others to build their businesses, you'll be building a downline of people who are loyal to you and
who will be willing to help you grow your own business.
Finally, starting a network marketing business is a great way to get started in business for yourself. If
you've always wanted to be your own boss, then this may be the perfect opportunity for you. With a
network marketing business, you'll be able to control your own destiny and build business that you can
be proud of.
So, if you're looking for a way to make money that can change your life, then starting a network
marketing business may be the right choice for you. With a network marketing business, you'll have the
opportunity to earn a great income, while helping others to do the same.
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2. The Benefits of Starting a Network Marketing Business
The benefits of starting a network marketing business are numerous. For one, it is a great way to earn
extra money. In addition, it also provides an opportunity to meet new people and build relationships.
Furthermore, it can help you learn new skills and knowledge. Finally, it can also give you a sense of
satisfaction and achievement.
Network marketing is a type of business in which products or services are sold through a network of
independent distributors. These distributors are not employees of the company, but rather are
independent contractors. They market the products or services of the company to potential customers
and then earn a commission on any sales they make.
The vast majority of network marketing businesses are operated by small companies. This is because the
start-up costs for a network marketing business are relatively low. In addition, the overhead costs for a
network marketing business are also low. This is because there are no employees to pay, and no physical
products to inventory or ship.
One of the biggest benefits of starting a network marketing business is that it can be done part-time.
This means that you can earn extra money without quitting your day job. In fact, many people who start
a network marketing business do so in order to supplement their income from their day job.
Another benefit of starting a network marketing business is that it provides an opportunity to meet new
people. As you build your downline, you will meet people from all walks of life. This can be a great way
to expand your social circle and make new friends.
In addition, starting a network marketing business can also help you learn new skills and knowledge. As
you build your business, you will learn about topics such as marketing, sales, and product development.
This knowledge can be extremely valuable in your career, even if you never start your own network
marketing business.
Finally, starting a network marketing business can also give you a sense of satisfaction and achievement.
When you see your downline growing and your sales increasing, you will feel a great sense of
accomplishment. This can be a great motivator to continue working hard on your business.
In summary, the benefits of starting a network marketing business are numerous. If you are looking for a
way to earn extra money, meet new people, or learn new skills, then starting a network marketing
business may be right for you.
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3. The Different Types of Network Marketing Businesses
Network marketing businesses come in all shapes and sizes. There are small businesses, large
businesses, and everything in between. There are also a variety of different business models that
network marketing businesses can follow. The most common business model is the pyramid scheme. In
a pyramid scheme, there is one person at the top of the pyramid who recruits a bunch of people to join
the business. These people then recruit more people, and so on and so forth. The people at the bottom
of the pyramid make very little money, while the person at the top make a lot of money.
Another common business model is the MLM, or multi-level marketing, model. In this model, there are
several levels of distributors, with each level getting a percentage of the sales made by the level below
it. The people at the top make the most money, while the people at the bottom make very little.
The last common business model is the direct sales model. In this model, there is no pyramid or
hierarchy. Instead, everyone is on their own to sell products directly to customers. The company makes
money by taking a percentage of each sale.
Network marketing businesses can be successful if they have a good product or service to sell and if they
have a good marketing plan. There are many different ways to market a network marketing business,
including online marketing, offline marketing, and word-of-mouth marketing.
If you're thinking about starting a network marketing business, it's important to choose the right
business model for you. Consider your own strengths and weaknesses, as well as the size of your target
market, before deciding which model to follow.
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4. How to Start a Network Marketing Business
A network marketing business is a great way to earn a supplemental income, or even a full-time income,
depending on how much time and effort you put into it. If you're thinking about starting a network
marketing business, there are a few things you should keep in mind in order to be successful.
First, you need to have a great product or service to offer. Something that people will actually want to
buy or use. Without a good product, your business will not be successful.
Second, you need to build a strong team of distributors. These are the people who will be selling your
product or service and recruiting new members to your team. The larger your team, the more successful
your business will be.
Third, you need to be organized and have a good marketing plan. You need to set goals and target a
specific audience. Without a plan, it will be very difficult to grow your business.
Fourth, you need to be dedicated and committed to your business. It takes a lot of hard work and
dedication to build a successful network marketing business. If you're not willing to put in the time and
effort, it will be very difficult to succeed.
Fifth, you need to have patience. Building a successful network marketing business takes time. It won't
happen overnight. You need to be patient and stick with it even when things get tough.
If you keep these things in mind, you'll be well on your way to starting a successful network marketing
business.
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5. Developing Your Network Marketing Business Plan
If you're thinking about starting a network marketing business, one of the first things you'll need to do is
develop a business plan. A network marketing business plan is a written document that outlines the
goals and objectives of your business, as well as the strategies you'll use to achieve them.
It's important to have a business plan because it will help you stay organized and focused on your goals.
Without a plan, it's easy to get sidetracked or discouraged. And if you ever want to attract investors or
partners, a business plan is essential.
If you're not sure where to start, there are plenty of resources out there to help you write a network
marketing business plan. The Small Business Administration has a helpful guide, and there are also many
templates and examples available online.
With your goals in mind, start putting together your marketing strategy. This is where you'll decide how
you're going to reach your target market and what kind of messages you want to send them. There are a
lot of different marketing channels you can use, so it's important to choose the ones that will work best
for your business.
Finally, don't forget to create a budget for your marketing activities. This will help you stay on track and
make sure you're not spending more than you can afford to.
Developing a network marketing business plan may seem like a lot of work, but it's worth it. By taking
the time to develop a strong plan, you'll be setting yourself up for success from the start.
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6. Launching Your Network Marketing Business
1. Define Your Niche.
Before you can launch your business, you need to know who your target market is. Who are you going
to sell to? What needs do they have that you can address? When you know your niche, you can start to
build a marketing strategy around it.
There's no denying that network marketing is a great way to earn money. But like any business, it takes
hard work, dedication, and the willingness to learn and grow. If you're not willing to put in the effort,
your business will likely fail.
3. Build Relationships.
Network marketing is all about relationships. The people you work with are more likely to do business
with you if they like and trust you. Take the time to get to know the people you're working with, and
don't just see them as potential customers or clients.
4. Be Patient.
Building a successful network marketing business takes time. Don't expect to see results overnight - it
takes hard work and dedication. Be patient and don't give up, and you'll eventually see the fruits of your
labor.
Starting a network marketing business can be a great way to earn extra money - but only if you do it
right. Keep these tips in mind, and you'll be on your way to success.
The network marketing business model has been around for centuries, with early examples dating back
to the 18th century. However, the modern network marketing business model began to take shape in
the early 1900s, with the advent of companies like Amway and Mary Kay.
Today, there are hundreds of network marketing companies operating in a wide variety of industries,
from health and wellness to home and office products. And while the vast majority of network
marketing companies are legitimate businesses, there are a few bad apples that give the industry a bad
name.
If you're thinking about starting a network marketing business, or if you're already involved in one, it's
important to know how to manage and evaluate your business. Here are a few tips:
3. Be Professional.
If you want to be successful in network marketing, you need to act like a professional. That means
dressing appropriately for meetings, being punctual, and following up with people in a timely manner.
You also need to be honest and ethical in your dealings with customers and prospects.
Network marketing can be a great way to build a successful business, but it takes hard work and
dedication. If you're willing to put in the effort, though, it can be a very rewarding experience.
Managing and Evaluating Your Network Marketing Business - Start a Network Marketing Business
Managing and Evaluating Your Network Marketing Business - Start a Network Marketing Business
9. Tips for Success in Network Marketing
Network marketing is a business model in which individuals earn income by recruiting new members to
a company and then earning a commission on the products or services they sell. The industry has been
around for decades, but it has seen a resurgence in recent years as more people look for ways to make
extra money.
If you're thinking about starting a network marketing business, there are a few things you should keep in
mind. First, you need to find a company that you're passionate about. The products or services should
be something you believe in and would be happy to promote to your friends and family.
Once you've found a company, do your research and make sure it's a reputable one. There are a lot of
scams out there, so you want to be sure you're working with a legitimate company.
Once you've joined a company, it's important to set some goals. What do you want to achieve in your
first year? How much income do you want to bring in? What kind of lifestyle do you want to live?
It's also important to create a marketing plan. This will help you identify your target market and figure
out the best way to reach them. There are a lot of different ways to market your business, so you'll need
to experiment to find what works best for you.
Finally, don't give up. Network marketing takes time and effort, but it can be very rewarding. If you stick
with it and work hard, you can achieve success.
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Table of Contents
What Is Network Marketing?
How It Works
Pros and Cons
Special Considerations
Network Marketing FAQs
BUSINESS MARKETING ESSENTIALS
Network Marketing Meaning and How It Works
By ADAM HAYES Updated June 19, 2022
Reviewed by MARGARET JAMES
Fact checked by SUZANNE KVILHAUG
Network Marketing
Investopedia / Ellen Lindner
There are many reputable network marketing operations, but some have been denounced as pyramid
schemes. The latter may focus less on sales to consumers than on recruitment of salespeople who may
be required to pay upfront for expensive starter kits.
KEY TAKEAWAYS
Network marketing appeals to people with high energy and strong sales skills, who can build a profitable
business with a modest investment.
A network marketing business can be a single-tier program, whereby you sell the products, or multi-tier,
where you also recruit additional salespeople.
Beware of network marketing companies that create many tiers of salespeople or require you to
purchase expensive products or training material up-front, Make sure to thoroughly research the
company before you join.
How Network Marketing Works
Network marketing is known by a variety of names, including multilevel marketing (MLM), cellular
marketing, affiliate marketing, consumer-direct marketing, referral marketing, or home-based business
franchising.
Companies that follow the network marketing model often create tiers of salespeople—that is,
salespeople are encouraged to recruit their own networks of salespeople. The creators of a new tier (or
"upline") earn commission on their own sales and on sales made by the people in the tier they created
(the "downline"). In time, a new tier can sprout yet another tier, which contributes more commission to
the person in the top tier as well as the middle tier.
Thus, the earnings of salespeople depend on recruitment as well as product sales. Those who got in
early and are in a top tier make the most.
The FCC advises that that single-tier network marketing operations tend to be more reputable than
multi-tier schemes.1
Advantages and Disadvantages of Network Marketing
There is some stigma attached to the networking marketing business, especially those with multiple
tiers, which can be characterized as pyramid schemes—that is, the salespeople in the top tier can make
impressive amounts of money on commissions from the tiers below them. The people on the lower tiers
will earn much less. The company makes money by selling expensive starter kits to new recruits.
The appeal of network marketing is that an individual with a lot of energy and good sales skills can
create a profitable business with a modest investment.
A good rule of thumb, according to the Federal Trade Commission (FTC), is that an operation that
ensures compensation which is based on actual sales to real customers tends to be more reputable than
multi-tier schemes, in which people make money based on the number of distributors they recruit.1
Special Considerations
Anyone considering joining a network marketing operation should do their research before making a
decision. Consider these questions:
Most people who join legitimate network marketing programs make little or no money. People may
actually lose money. Some may become involved in an illegal pyramid scheme and not realize that they
have joined a fraudulent venture, and can lose everything they invest. Do your research and ask around
before diving in.
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ARTICLE SOURCES
PART OF
Business Basics Guide
Business Development: Basic Overview of Activities1 of 46
Business Ethics: Definition, Principles, Why They're Important2 of 46
Business Plan: What It Is, What's Included, and How To Write One3 of 46
Organizational Structure for Companies With Examples and Benefits4 of 46
Which Type of Organization Is Best For Your Business?5 of 46
What Are the Major Types of Businesses in the Private Sector?6 of 46
Corporate Culture Definition, Characteristics, and Importance7 of 46
What Is an S Corp?8 of 46
LLC vs. Incorporation: Which Should I Choose?9 of 46
Private Company: What It Is, Types, and Pros and Cons10 of 46
Sole Proprietorship: What It Is, Pros & Cons, Examples, Differences From an LLC11 of 46
What Is Bootstrapping? What It Means and How It's Used in Investing12 of 46
Crowdfunding: What It Is, How It Works, Popular Websites13 of 46
Seed Capital: What It Is, How It Works, Example14 of 46
Venture Capital: What Is VC and How Does It Work?15 of 46
Startup Capital Definition, Types, and Risks16 of 46
Capital Funding: Definition, How It Works, and 2 Primary Methods17 of 46
Series Funding: A, B, and C18 of 46
Small Business Administration (SBA): Definition and What It Does19 of 46
Upper Management: What it is, How it Works20 of 46
What is the C Suite?: Meaning and Positions Defined21 of 46
Chief Executive Officer (CEO): What They Do vs. Other Chief Roles22 of 46
Operations Management: Understanding and Using It23 of 46
Human Resource Planning (HRP) Meaning, Process, and Examples24 of 46
Brand: Types of Brands and How to Create a Successful Brand Identity25 of 46
What Is Brand Personality? How It Works and Examples26 of 46
What Is Brand Management? Requirements, How It Works, and Example27 of 46
What Is Brand Awareness? Definition, How It Works, and Strategies28 of 46
Brand Loyalty: What It Is, and How to Build It29 of 46
Brand Extension: Definition, How It Works, Example, and Criticism30 of 46
What Is Social Networking?31 of 46
Affiliate Marketer: Definition, Examples, and How to Get Started32 of 46
What Is Commercialization, Plus the Product Roll-Out Process33 of 46
Digital Marketing Overview: Types, Challenges, and Required Skills34 of 46
Direct Marketing: What It Is and How It Works35 of 46
Marketing in Business: Strategies and Types Explained36 of 46
What Are Marketing Campaigns? Definition, Types, and Examples37 of 46
How to Do Market Research, Types, and Example38 of 46
Micromarketing Explained: Definition, Uses, and Examples39 of 46
Network Marketing Meaning and How It Works40 of 46
Product Differentiation: What It Is, How Businesses Do It, and the 3 Main Types41 of 46
Target Market: Definition, Purpose, Examples, Market Segments42 of 46
Outside Sales: What They are, How They Work43 of 46
What Is a Sales Lead? How It Works and Factors Affecting Quality44 of 46
Indirect Sales: What it is, How it Works45 of 46
What Is Inside Sales? Definition, How It Works, and Advantages46 of 46
Related Terms
What Is an MLM? How Multilevel Marketing Works
Multilevel marketing (MLM) is a monetary strategy used by direct sales companies to encourage existing
distributors to recruit new distributors. more
Entrepreneur: What It Means to Be One and How to Get Started
Entrepreneurs create new businesses, taking on all the risks and rewards of their company. Learn about
entrepreneurship and the challenges facing entrepreneurs. more
Disruptive Innovation: Meaning and Examples
Disruptive innovation describes innovations that make products and services more accessible,
affordable, and available to a larger population. more
Social Media Marketing (SMM): What It Is, How It Works, Pros and Cons
Social media marketing (SMM) is the use of social media platforms to interact with customers to build
brands, increase sales, and drive website traffic. more
Cold Calling: Definition, How It Works, Examples and Difficulties
Cold calling is a type of telemarketing in which a prospective customer is solicited by a salesperson with
whom they have had no previous interaction. more
Bounty Programs: What it is, How it Works, Criticisms
Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).
more
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Network Marketing Business Setup: What I Wish I Knew Before Starting!
There are a couple of things I wish I knew before starting a network marketing business — let’s just say
I’ve learned a lot of things the hard way — but I’ve come out a stronger businesswoman in the process.
If you’re thinking of starting your own network marketing business you need to do as much research as
possible before you get going and this is the perfect start!
We’ll be exploring what you need to think about when it comes to starting your business, the ins and
outs of how to start a business in the UK, what I personally struggled with, managing time and
expectations with results and the challenges of being your own badass boss.
You can do something that you’re more passionate about or interested in.
Choose your own hours and have more flexibility in your day.
Work around other commitments like your children.
Work from home.
Have more power over your income.
Answer to no one but yourself – uh yes please!
However, there can be a few downsides:
VS
Reality
For me, when I started my network marketing business with Forever, the downsides were and still are a
lot less than if you were to start a business from scratch because:
You choose how many hours you are comfortable working when getting started, so you don’t have to
sacrifice time with the family if you don’t want to.
You can keep your full-time job while building the business until you start earning enough to replace it
completely.
You can earn a part-time or full-time income.
You will have mentors who will support you along the journey so you don’t have to figure it all out
yourself.
You develop a community that you work with so you don’t feel alone even though it’s your own
business.
It’s low risk.
There’s already an established business plan and model in place that you can work off so you don’t have
to create your own.
If you’re looking for some alternative options on how to work from home,
read the ultimate WFH guide here!
In an MLM business, I suggest registering within 3 months of starting trade with selling products, but if
you’re only a customer then it’s not necessary.
Find out more about being a sole trader and how to register.
It’s always best to seek advice from an accountant, but the company set up is easy enough for you to do
yourself.
Partnership
A partnership is a pretty straightforward way for two or more people to run a business together.
You could consider registering as a partnership before a LTD and then bring a family member into the
network marketing company — this is often less expensive and has less paperwork than going the LTD
route.
You share responsibility for your business’s debts with your partner and you’ll also have accounting
responsibilities like the other structures mentioned.
Often new network marketing businesses do not start out as a LTD, most of the time you’ll likely need to
register as a sole trader.
I’ve outlined three of the most common legal business structures above, but I suggest that you read up
further on these and consult a professional so you can decide on the best option for you.
This is not an exhaustive list, but it does cover some key areas I suggest you give a proper think over.
Read “23 Reasons Why Network Marketing is the Biz To Be In Right Now”
Draw Up a Budget
Firstly and most importantly draw up a budget and get clear on what your monthly costs will be.
A network marketing business is great because there’s usually only a small initial investment fee when
you sign up and monthly costs are low.
With Forever, we encourage people to start with the ‘Start Your Journey Kit’ which is only £199.75 and
then they can invest as big or small as they like from there.
Ideally you’d need a laptop or a smartphone — many just use their smartphone — and WIFI to get going
so overheads are minimal when getting your business off the ground and operational.
As your business grows this list will expand and costs may include:
In Forever (and in many other similar successful companies) they already have a proven business model
and plan that you plug into — that’s the beauty of this business, you don’t have to reinvent the wheel.
What is pertinent is creating a business plan that outlines your business goals over the short term and
long term and your plan of action for reaching them.
This is something that you don’t have to do alone — you could have a mentor like me who would be
able to support you with this.
Paying Taxes
Having your own business means having to sort out your own tax.
This can make you feel pretty barmy at first if you haven’t done it before, but there are plenty of
accountants and bookkeepers who won’t charge an arm and a leg to help you with this.
Mitigate any tax liability by speaking to your accountant about what you can expense through the
company.
Work smart with your money/profit by investing in tax free savings accounts or retirement annuities.
Keep receipts of your spending.
Is a Business Bank Account Necessary?
Whether or not to open a business bank account will depend on which business entity you register when
starting up a business in the UK.
Usually if you’re starting out as a sole trader, using your personal bank account in the beginning is easy
enough and then as your business grows you can look at opening a business bank account if you decide
to register an LTD.
What is great is that you can get free business banking for three banks in the UK — so it won’t cost you a
penny.
What works for someone else may not be right for you because of your personal circumstances so it’s
best to double check with someone qualified to know.
Often an initial 30 minute consultation can be free or low cost and it can help you in the long term.
No marketing know-how is required to get started on your journey — just the drive and passion to learn
and succeed!
This person doesn’t necessarily need to be direct to you if you are introduced by someone newer as long
as you have the opportunity to be mentored and coached by them.
Many have achieved success without mentors, but if i was looking to start with a new company now, I
would look at how many successful leaders are in their network.
This is often called the value proposition and think about why your business will be operationally and
financially successful — then develop a powerful message with this in mind.
Whilst this step is important for the future growth of your business, it is only something that you will be
able to hone in on over time so don’t sweat it too much in the beginning.
As with everything enough time and experience will show you what messaging resonates with you
personally and that of your market!
Develop an identity that reflects your values and the way you want to be perceived by your target
market.
Do this by getting a logo designed and use a consistent colour scheme and fonts across all your
marketing materials.
When you’re ready set-up a website and get any other necessary pieces of marketing together like
business cards etc.
There are easy-to-use design platforms like Canva that make it quick, easy and even free to design your
own attractive materials and social media images.
That being said, most companies will already have an amazing resource library that will equip you with
everything you’ll need to get moving!
Research the demographics of your potential customer base and get to know and understand their
buying habits.
My market is mums because I’m a mum and I can relate to them and understand what they might want
or need.
Look at competitors, browse their websites and understand how they market themselves and gain
prospects.
The most important thing is having a duplicatable system that everyone can follow — you can not teach
what you don’t do yourself or are not prepared to do yourself.
I suggest you start building your business part-time in the beginning if you’re working, that way you
keep your steady income while you build your business.
As soon as you feel comfortable with what you’re earning you can let your job go and build full-time.
Many network marketers run their business as a secondary income — it just depends what kind of
flexibility and income you’re looking for!
If you’re a stay-at-home mum then you may have more time to put in, in which case you can go full in
guns blazing.
Many people often feel this way when starting, but if you’re committed and want something enough,
you’ll do what it takes to overcome those fears.
Make sure you do something in your business in a small way every day. Consistency is key!
Each evening write down a list of the 7 things you want to achieve the next day and then work down
that list from number one first.
This way you will get to the bottom rather than cherry picking. If you only get to 4 then 5, 6, 7 become 1,
2, 3 the next day.
What Are The Challenges of Being Your Own Boss as Well as Managing Emotions and Expectations in
Business?
It’s a rollercoaster ride and like anything in life it’s the hard days that make you appreciate the great
days even more.
Start each day by drawing a line in the sand as a new day. Be prepared to do what other people are not
prepared to do and you will achieve even your biggest dreams!
When it comes to being your own boss, knowing when to switch off is tough and you can often feel
guilty when you’re not working and spending time with the family and vice versa.
Learning not to procrastinate is a big one, realising that your time is precious and that you should
respect the tasks you’ve committed to.
Ultimately when the going gets tough the buck stops with you.
You can end up being too hard on yourself but equally you can be too easy on yourself, so it’s about
finding that balance.
Nothing worth having comes easy in life, so commit and “just do it” as Nike says!
I hope that by sharing the things I wish I had known before starting a business will help you along your
journey and inspire you to go for it!
Please leave your comments below and I’d be more than happy to answer any other questions you may
have.
If you feel this article could benefit anyone else, please click the social icons below to share it, until next
time.
With love,
Nat
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Network Marketing_1
So, what exactly is Network Marketing? All the people waiting to discover and unleash their
entrepreneurial side need to know the way it works. If you are one among them and are yearning to
know What, Where, and How of Network Marketing, this post shall answer all your questions. So, let’s
go!
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We shall be learning about:
At times, it is also called referral marketing, direct selling, and multilevel marketing.
Initially, you will be guided by a mentor or sponsor who will introduce you to the industry and help you
learn the ropes. In their guidance, you will be learning about the products and the basic tips of selling
and learn more about their business plan. As a starter, you will be required to learn about the product
and the services of the company thoroughly. After all, you will be able to promote it only when you
know about it yourself really well.
You will be acquainted with the ways in which the industry functions, along with how the sales
processes take place.
Direct marketing
As part of this single-tier marketing system, individuals sign up for programs in order to sell products or
services. Participants in these programs do not need to recruit other distributors, and they only get paid
from direct sales.
A direct marketing campaign is the fastest way to generate sales. Encourage your friends and family to
buy the product you like. These types of network marketing are offered by companies such as Mary Kay
cosmetics and Pampered Chef kitchen supplies.
Affiliate marketing
The use of online affiliate marketing programs is a recent development in network marketing.
Webmasters and bloggers incorporate links to products into their sites. If a customer clicks on those
links and purchases a product, the website owner receives a commission or referral fee. Customers can
immediately buy products advertised on the site since it is a trusted source.
If you make money from these links, you can put a disclaimer at the end of your blog post to inform your
audience about it. Affiliate links should be disclosed in a transparent manner.
Both brands and individuals can take advantage of the thousands of affiliate programs available.
Research the most lucrative affiliate programs before joining one. An example of such a program is
Amazon's affiliate program.
Multilevel Marketing
Direct sales and a downline of distributors are two parts of multilevel marketing (MLM). While multilevel
marketing receives a lot of negative attention owing to its similarity with the pyramid schemes, we must
know that the two are different. But they differ in an important way. In contrast to pyramid schemes,
sponsored by fictitious progress and financial growth, MLM organizations offer legitimate products or
services to their distributors. You can be sure of receiving adequate training from your MLM mentors
which will help you create a solid foundation in the business. Furthermore, you are also bound to
receive many bonuses and rewards based on your performance.
It will let you know how long has the company survived in the race and if there are new developments,
growth, or establishments through the years.
You should know if your efforts are being recognized and awarded correspondingly.
You must know if there are any loopholes in the business operations of the company or are there any
practices that do not seem ethical. There are various aspects that will tell you about the company ethics
such as their payment cycles, their market reputation, their behavior in general with their customer and
partners.
Analyze the company's performance since the time of its inception and assess the signs of growth and
success since that time. Has there been a rise in their output and revenue?
You must know that if and when you agree to go with the business, then how much support you shall
receive from them in terms of training. Considering you are new in the field, you may want to know if
they will be guiding you or you will be left to fend for yourself.
All these answers will make the path more comprehensible for you and will lead to better decision-
making.
Flexibility
Well, there is no denying the fact that network marketing lets you be the boss of your job along with
letting you enjoy flexibility. You can choose the number of hours you work and chalk out the rest of your
personal schedule accordingly.
Network marketing allows you to work while you are at home, outside, anywhere. You can now enjoy
being at home and yet earn money. Almost everyone dreams of having a job that lets them enjoy some
time at home. In network marketing, you can have your cake and eat it, too!
Motivation coupled with the right set of mentors, you could be looking straight towards a successful and
enriching (like literally) experience at network marketing. There are opportunities for direct sales, great
commissions, bonuses, and rewards. With all this and more, leveraging your income can be smooth.
Easy to start
Network marketing is a low-investment and therefore, low-risk business. Anyone who is motivated to
earn can get into the field and start reaping its benefits.
It can be time-consuming
Networking is a time-consuming process. You must go out, connect with people, explain to them the
usefulness of the products. If at all, the prospect is convinced, you crack the deal; else, you continue
with the very first step which is to connect again.
People with different ideologies tend to behave differently in the same situations. Therefore, the
outcomes for each of them will also be different. Similarly, in network marketing, some people quickly
get a grip of the process and are quick to climb the ladder of success. On the other hand, there are some
who struggle to find a strong base and are not able to experience the same success as their other
counterparts.
Not all businesses are online. Some of them require you to work in person with people. Not everyone
will find it easy to communicate and have a direct interaction. Think about the introverts! The newly
inducted individuals or the trainees are not going to have it any easier, either.
Rejection can be demotivating
Network marketing demands a lot of perseverance and patience. There could be times when there
hasn’t been a single deal for months at stretch. This could really turn down the high spirits of the ones
who set out enthusiastically. One needs to have the composure to cope up with such times.
Mentorship plays a pivotal role in network marketing, as the mentors are the ones who will be the
torchbearers of your success. It would not be wrong to state that your degree of success is directly
proportional to the expertise of your mentor. If you haven’t been trained well enough, chances are, that
despite a good caliber you may not witness the momentum you deserve.
Like so many other businesses, network marketing is not left untouched by scams and scammers. Some
genuine companies may require you to sign up with a one-time amount which in many cases, isn’t too
heavy on the pockets. Moreover, the MLM companies also offer some goody bags and learning material
in return.
However, there are some notorious people who would ask you for a sign-up amount and would never
come back. Therefore, it is recommended you ask those 6 questions before enrolling with a network
marketing company.
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How to Master Network Marketing?
Now, it is now to time to get into action. Your journey through this business need not be complicated.
Follow these steps to learn the art of marketing:
Take it seriously
At the start of your business, you will have to treat it as a business and not as a mere hobby or a pass
time. The right mindset is the key to starting on a great note. Begin to take those initial baby steps; start
reading about the latest trends, spend time networking, try to strategize your next move. Also, start
applying what you have grasped so far. Application is what brings your ideas to fruition.
Educate Yourself
You have to make sure the products you are selling are ones you are passionate about before you get
into network marketing. Make connections with brands who share your interests, and do your
homework, such as researching the compensation schemes of companies.
Be growth-oriented
Mindset is important, but being growth-oriented is even more important. No matter how slim the
chances are, you need to stay optimistic. Keep pushing until you reach the point you desire. Believing in
yourself and not giving up is essential.
Be prepared to sponsor
You should make sure you do not invite too many people when you begin to offer your mentorship. You
need to have a keen eye for recognizing the ones who exhibit good prospects and understanding of the
products. You must be ready to offer support, mentor, and help them grow.
With Deskera CRM, automate your sales and marketing, generate new leads, and analyze performances
with this world-class platform.
A business model that involves selling products or services from person to person is called Network
Marketing. It requires building a team of people capable of communicating the product's message to a
wide audience
Signing-up, getting trained, and networking are the three basic steps to start your network marketing
Direct, Affiliate, and Multilevel marketing are the three types of network marketing
Ask important questions before you join a network marketing company and get to know more about
them
Flexibility, more time at home, easy to start, and better prospects to leverage income are some of the
advantages of network marketing
Being serious, educating oneself, having great mentors are some of the steps you can take to ensure a
meritorious stint
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For many, a multi-level marketing (MLM) model offers a viable path to market. MLMs appeal as a way to
get your products in front of customers more quickly and with less overhead compared to a traditional
retail model. By relying on direct selling to consumers, MLMs grow through expanding networks of
independent distributors. Plus, a dedicated entrepreneur, equipped with the right technology and tools,
can build an MLM company without needing to hire a large team.
But, because the MLM sales model is so different, traditional startup blueprints don’t apply. To ensure
you’re considering the unique elements and nuances of direct selling, use this 10-step checklist to set up
your MLM company and put it on the path to success.
Look for products or services that are unique in the market or have distinct differentiators from similar
offerings. Test interest levels with formal focus groups or informal outreach among your target
customers as well as potential distributors. In addition to gauging their interest, ask about what they’re
willing to pay. Aim for products you can price with a 5X margin over your cost of goods. Achieving 5X or
higher margins ensure you’ll have enough to market the product and cover the payout for your MLM’s
compensation plan.
For MLMs, there’s also a compliance consideration. Ensuring your product or service has strong
customer demand helps to ensure that representatives will have sales success. This means your MLM
company will be primarily be generating profits from retail sales to consumers, not representative
recruitment.
2. Make a plan.
Putting together a written business plan is essential for your MLM company. Along with helping to
define your business goals, purpose, and vision, it will also serve as the roadmap for launching and
growing your business. And, if you will need outside funding, your plan will give banks or investors
information to help them assess the opportunity and forecast when they can expect a return on their
capital.
Don’t just check the box on this one. Dig in and crunch the numbers. Down the road, as you navigate
different challenges and opportunities, you’ll be glad you did.
Business objectives: It’s good to have challenging goals, but your business plan is where you want to get
realistic. Research your market to develop revenue, new customer, and sales targets for your initial
launch and first, second, and third years in business.
A market analysis: Define your market niche in terms of both size and opportunity. Then, create profiles
of your target customers as well as your key competitors. Analyze the data you compile to identify
where your products and services will fit and any potential barriers.
A profit and loss forecast: Based on your market research, financial goals, and product and operating
costs, project your anticipated revenues, profits, and loss for each of the first five years. Create a cash
flow analysis to show how money flows into and out of your business during a defined period of time.
Sales and marketing plans: Get specific about how you intend to put your products and services in front
of buyers. Based on your objectives and costs, determine how many distributors you need at different
points in time and what their sales targets will be. Then, map out your marketing strategy, including
promotion and website design, and the required budget.
3. Create your compensation plan.
Your company’s compensation plan will be the foundation of your direct selling business and its most
significant expense. A comp plan defines the terms and conditions for how representatives will earn
income, as commission on direct sales or as an override bonus earned on downline product sales.
Getting the balance right is critical. At full payout, you want your compensation plan to be reasonable,
attractive to distributors, and, most importantly, profitable. But, if you pay too much, you’ll be out of
business. If you pay too little, your sales force will leave. Working with a compensation plan expert who
can help you vet possible outcomes and remove surprises can save significant expense and stress down
the road. At ByDesign, we’ve worked with several outstanding compensation plan partners over the past
20 years. We would be happy to make the introductions to help you develop and evaluate the optimal
compensation plan for your business.
4. Secure funding.
You have options when it comes to funding your startup. The most common is debt financing, which
involves an interest-bearing loan from a bank, credit union, person, or specific retirement plan. Another
option, widely used by MLM companies, is equity financing. With equity financing, company owners sell
ownership in the company in exchange for cash. Equity financing can come from a range of sources,
such as family and friends, investors, or an initial public offering (IPO). A primary benefit of equity
financing is that there’s no obligation for repayment.
Over time, many MLMs use both debt and equity financing, depending on business needs, cash flow,
and expansion initiatives. The debt to equity ratio – total liabilities divided by shareholder equity – is a
key metric for assessing a company’s financial health because it provides an indicator of stability as well
as the ability to raise capital for growth.
Here are a few things to consider before you apply for a merchant account:
Who will the signer on the account be? A merchant account functions like a short-term line of credit, so
it’s important the signer on the account has good personal credit.
Is your marketing website launched? By launching your website, you’ll be able to provide potential
processors with a full picture of your business and product offerings.
Is the setup fee refundable? Most processors charge an application fee. Some fees are non-refundable,
even if the account is declined. Always ask upfront.
Do you have enough lead-time? Expect the approval for a merchant account to be time-consuming due
to the unpredictable growth patterns, potential chargebacks, and legal liabilities associated with an
MLM business model. Payment processors classify MLMs as high-risk, so setting up your account may
take longer than you anticipate. Start early and allow enough time. That way, you won’t be forced to
delay your launch.
6. Choose your direct selling software.
MLM software will be the engine that helps run all facets of your business. It will bring your
compensation model to life and deliver the functionality that automates genealogy management,
commissions, API access, replicated websites, e-commerce, party plan solutions, promotions, live and
social selling, mobile apps, and tools for sales representatives.
No pressure! Choosing the right solution will be a critical factor in your success. You want software that
will support your initial needs as well as future needs as you scale and grow the business. There are a lot
of options – and tremendous differences between back-office software providers. Take the time to
research different solutions. Look for companies with published case studies and public reviews. Ask for
references, and call them to learn first-hand what a company’s client experience is like.
When selling products through distributors, your company will be responsible for the product and
earning claims representatives are making out in the market. The FTC monitors and regulates these
claims, and is on the lookout for false or misleading claims about income potential or the health benefits
of products. Retaining an MLM attorney gives you access to an expert resource who’s up to speed on
current case law that defines the regulations governing the direct selling industry.
The reality is that you will need an attorney at some point. Be proactive and build an attorney-client
relationship before you need one.
For an MLM company, the policy and procedure manual is a cornerstone document. It should cover a
comprehensive range of topics – typically 50 or more – depending on your business model, products,
principles, and ethics. If getting started feels daunting, consult your MLM attorney (see step 7!). He or
she can provide valuable guidance or a template. Whatever you do, don’t take another company’s
documents, and adopt them as your own. While they can be helpful resources, your documentation
should be specific for your business.
Here are a few key points to keep in mind as you create documentation:
Sales and marketing materials – whether physical or digital – are considered an extension of product
packaging. That means product regulations apply.
Protecting customer data is vital for MLM companies. Federal law requires you to disclose how you
collect, share, and protect personal information captured in the course of doing business.
How you use customer data is also regulated and limited by federal law. Make sure your documentation
and practices are aligned and that your information technology is set up to provide appropriate levels of
protection.
9. Ready? Set? Pre-launch.
You’re almost there, but there’s still more to learn about your market, customers, and products. It’s
time to conduct a pre-launch, also known as a soft launch. Essentially, a pre-launch is a limited release of
your product or service to a small audience. It can be a vital step to success for MLM businesses because
it provides an opportunity to gain insights and make adjustments before launching to the general public.
Your pre-launch period should ideally be at least 90 days ahead of your overall launch. To make it
worthwhile, you’ll want to create opportunities for your target audience to interact with your products,
and start to build awareness, interest, and even pre-orders. The goal of a pre-launch period is to validate
your product and positioning while also creating a buzz through sneak previews, promotions, and
limited availability. Creating a pre-launch video is an effective way to get the word out and connect with
potential customers. Here’s a pro tip: Base your video’s length on your product’s price point. For higher-
priced products, aim for 5 to 15 minutes. For lower-priced offerings, keep videos to around one minute
or less.
10. Launch!
There’s one thing left to do before you launch. Measure your success! Revisit the launch goals you set
out in your business plan. These goals will become the KPIs – Key Performance Indicators – to gauge the
success of your launch. You’ll want each KPI to be measurable. For example, if one of your launch goals
is to sign up five leaders with large, existing downlines, break the goal into quantifiable elements. What
defines a leader? How many people need to be in a downline for you to consider it “large”? What’s the
desired timeframe for accomplishing the goal?
Stay on top of your KPIs as you execute your launch. Use the data points as a tool, but supplement them
with insights gleaned from checking in with your representatives and talking to customers. This will help
you validate your assumptions and adjust quickly when needed.
And don’t forget to spend some time anticipating what could go right! What if your product is the next
big thing? Could you – and your supply chain – ramp-up to handle accelerated growth? After all, with
the solid prep work you’ve done, you’re well on your way to building a successful MLM company.
ByDesign specializes in providing a complete ecosystem of solutions and trusted partners for growing
MLM companies. We can help with everything from the technology you need to launch and run your
business through resources and tools that empower your representatives to engage customers and
make sales. Contact Us to schedule a consultation today.
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Home » MLM Multi Level Marketing » 5 Things to Know Before Starting Network Marketing Business
Venture
Senior Writer
Looking for Multi-Level Marketing Software? Check out SoftwareSuggest’s list of the best MLM software
solutions.
Currently, the network marketing industry is valued at around 167 billion USD, which is estimated to
reach around INR 645 billion by 2025.
The network marketing business model is operating in more than 1000+ and is considered one of the
best industries to gain profit. We understand that there have been myths about how the networking
marketing business doesn’t work. However, we like to disagree here.
In 2018, the direct sales industry, of which network marketing is a part of, earned $35.4 billion in sales.
6.2 million people in the U.S. are involved in direct sales. (Source)
Clearly, the success of networking business has nothing to with the network marketing model itself but,
instead, determined by how effectively you market your products or services.
Now that we have broken the myth for you, let’s get started with the network marketing business.
These top companies, such as Avon, Amway, Mary Kay Cosmetics, Tupperware, and more, have a robust
network marketing model.
If you don’t want to face stiff competition, work on network marketing business ideas that are easily
sellable. Of course, you will also need to have a sound reward system in place for all your network
marketers under your scheme.
Most often, entrepreneurs are encouraged to start their own network marketing business because it is
quite easy to set up. And if you are planning to sell the product or services of an existing company, then
the start-up capital becomes more affordable.
Let’s understand its pyramid structure to get a clear picture of the multi-level marketing business.
There are three different tiers to the network marketing business model — single-tier, two-tier, and
multi-level.
In a single-tier model, you do not have to recruit other distributors. All your pay comes from making
direct sales. Avon is an example of a single-tier network business model.
The two-tier model involves hiring salespeople. You get paid for your direct sales as well as for
transactions made by affiliates or distributors you recruit under you.
Multi-level tier contains two or more tiers that allow you to make money five or more levels deep.
Amway is a good example here.
One important tip is that you need to have a reliable marketing team at the core of your company. The
stronger you have a base of marketers, the better is your chance of getting success.
This section will throw light on market research and feasibility studies that you need to carry out if you
are considering a multi-level marketing business.
The name should resonate with your company’s mission and visions. Most importantly, it should be
unique and attractive enough that immediately grabs your audience’s attention.
However, you need to take a step further after you pick your business name; check if it’s available as a
domain name.
You want to visit a domain registration site and see if your ideal business name is available. If it isn’t, use
a business name generator to help you develop an appealing (and available) business and domain name.
The business name goes a long way in creating a perception about one’s product/service/business in
their customer’s mind.
2. Demographics
One of the most significant factors to consider while defining the demographics for your network
marketing company is that you should include everybody with or without purchasing power within your
target area.
The demographic composition should have both the freelance marketer and those who need the
services or products of a network marketing company.
3. Competition Level
Another significant thing to consider in networking marketing business plans is the level of competition.
To survive in the business world, networking with key people is very important. You need to have
contacts that can influence and also help recruit the right marketers’ team that can create an impact.
The level of competition mainly depends on two things — your place of business and the types of
products or services you are going to sell.
If you can create and sell unique products or services, you are less likely to face any competition. But,
dealing with products that already have an established company will require a hell lot of effort and
strategies.
Besides, one advantage of networking business is that you can have your company established in India
and still have some of the largest networks of marketers in China.
4. Economic Element
As a matter of fact, the cost of running a network marketing company is relatively low. It requires less
stress and minimal capital to start up, especially if you are working as a freelance network marketer.
As a freelance network marketer, you can start a business from home and can still climb up your
ladders.
The cost of working is generally restricted to the cost of internet subscriptions, phone bills,
transportation, and some marketing collateral copies.
That’s why you will find many stay-at-home moms actively involved in networking marketing business.
If you can build a robust network of results-oriented marketers or referrers, you can earn good profits.
Besides, it becomes easier to calculate the profit you are likely to make if you successfully sell your
products.
5. Legal Entity
When you decide to form a network marketing company, you need to choose the legal entity. This may
not seem important in the beginning, but it helps determine how far your business will expand.
Fortunately, many experienced attorney websites can help you get legal advice at reasonable prices.
These attorneys are great as they have many years of experience and are ready to provide you with an
individual consultation. Individual consultation is essential for legal advice. Also, you can send copies of
all the necessary documents. In this way, you will have a more flexible and pleasurable experience.
Generally, there are two options to choose from — a general partnership or limited liability company,
also known as an LLC. You need to first identify your target audience and location.
Some multi-level companies design products for local/regional markets, whereas some targets the
national or international markets.
To give you a clear-cut answer, a general partnership is best suited for a small scale network marketing
company.
But if you have the intention to grow your business down the line and expand your market, then the
preferred choice should be a limited liability company.
LLC protects you from personal liability. Plus, it gives you more flexibility to operate compared to a
general partnership. And the best thing is that you don’t need to have shareholders meeting, a board of
directors, and other formalities.
Other factors to consider before you choose a legal entity for your company — tax, investors’
expectation, ease of transferability, and more.
Final Thoughts
Since you are thinking of starting a network marketing business, it’s essential to know what the future
holds for the multi-level marketing industry.
Despite all the myths surrounding the network marketing business, the industry is on the rise. There are
many reasons why networking marketing is considered the best marketing model.
First of all, it permits people to experience big earnings by experiencing low risks. Next is the time
flexibility.
In every network marketing company, you get to be your own boss, and you can decide on your own
how much time you want to invest in the business. Other than that, it is a great opportunity to earn
some passive income.
To conclude, it is the perfect time to invest in a network marketing business plan. The growth potential
is vast. If trodden carefully with a full-fledged plan, you can take your business to great heights.
Shrushti
Shrushti
Shrushti K. Chaware Works as a Digital Marketing Executive, at SoftwareSuggest. She is a Sports lover
and always curious to explore new stuff. When she is not working hard at work, she can be found
writing, reading or just wandering.
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Any professional who has been involved in the creation of billion dollar Network Marketing Companies
will advise that no company starts as a billion dollar MLM or Direct Selling Company. Everyone starts at
ground zero.
The famous hotel magnate, Conrad Hilton, was once asked the secret to his success. His response, “I
only know one thing; the shower curtain goes inside the bathtub.” What Hilton was really saying was
that mastering even the smallest fundamental building blocks and understanding even the smallest
components of a business are essential to the creation of a major enterprise. And the same is true for
those that wish to start and build the successful Network Marketing Company.
Although it starts as a dream for many, history validates that the building of a successful direct selling,
network marketing, mlm or party plan company can become a reality. Witness: Avon that started from a
door to door bible sales business to Primerica, which evolved from the dreams of a football coach to
applying direct selling principles to insurance sales, to Amway that started with two entrepreneurs
mixing biodegradable soap in a bathtub to create a global giant.
Although a significant force with upwards of $30 billion in U.S. sales and $100 billion plus in worldwide
sales, it is nevertheless an ultra niche industry with its own culture and formatting. Those who
understand this focused culture and business model can prosper, and others will be "strangers in a
strange land."
Although it may look straightforward, starting the successful MLM business is no simple matter. A
methodology course could fill a library. A practical advice primer could fill books. The following is an
essentials sampler from an industry tour guide, a professional MLM Consultant and MLM Law
Professional who has spent two decades as a "consigliore" or trusted business and legal advisor to
legions of leading direct selling companies. Those companies have started in back bedrooms and garages
and have grown and ranged in size from mom and pop boutique businesses to multi-national, multi-
billion dollar conglomerates.
If you are looking for detailed insight from this author, attend a conference sponsored by
www.mlmlegal.com, Starting and Running the Successful MLM Company Conference, or read one of two
books by the author, Starting and Running the Successful MLM Company or Network Marketing: What
You Should Know. (Legaline Publications, 1-800-231-2162 or visit www.mlmlegal.com) However, for
purposes of a "to do" list, consider the following very brief but very practical tips on starting the
successful MLM company. Each of these factors is so critical that each one might be placed on the
"make it or break it" list. These ten tips are obviously not good enough to warrant being etched on
tablets on top of a mountain in the Sinai desert, but they are worthy of being tucked into your MLM
"bible" somewhere between "Solicitations" and "Celebrations."
Do you have a great recruitment background, the ability to recruit, or a lineup of strong distributors? If
so, your need for capital will be substantially diminished. In the end, your ability to recruit a talented
and motivated sales network will be the number one key to your success. In fact, your need for capital is
in direct inverse proportion to your ability to recruit. If you can recruit, you may have a cash cow on your
hands. If recruitment will go slow, your business plan needs to allow for buffer capital to hold you
through one, two or three years of break even or loss scenarios. That capital should be lined up ahead of
time, either through personal and close relationship resources or through angel investors. The likelihood
of public financing for the new MLM is very remote. Time after time, the best source of capital is literally
"closest" to home. Your ability to manage expenses will be very determinative of your need for buffer
capital and you will find that payroll infrastructure will "eat up" capital faster than anything else. Can
you make it in this business by starting in a back room or garage? Absolutely! The fact is that most of
today’s giants started precisely this way…with little capital, but much passion.
2.Recruitment Capability
You need to be honest with yourself. Do you or those who are key owners in the business have MLM
recruitment background? Without this talent, the best products will continue to languish on the shelf.
Companies like Amway, Tupperware, Mary Kay and Home Interiors were not only founded on a very
limited budget, but by individuals with strong backgrounds in direct selling. Develop a recruitment
strategy for initial key leaders. It may seem odd, but your top distributors may not come to you for
years. To those would-be leaders who come to you seeking special benefits or corporate positions,
design remuneration that is "results oriented." Do not pay high salaries to individuals who claim to be
able to recruit, but cannot demonstrate a strong track record of success. As a general matter, if
individuals are strong recruiters, they would be distributors because the remuneration is much higher.
Obviously, track your warmest market, then move on to lead generation systems and advertising. You
shouldn’t expect initial advertising to bring you distributors, but consider it instead a foundational
industry announcement that you have arrived on the scene. For instance, the best place to create the
institutional announcement of your existence is the industry’s leading trade publication, Money Maker’s
Monthly. Notwithstanding all of the hype, however, about internet, direct mail or mechanized recruiting
campaigns, history demonstrates that this will always be a person- to-person relationship business and
that there is no substitute for "pressing the flesh."
At first blush, one might question the role of the MLM Law expert in a marketing driven business.
However, your MLM Lawyer may well be the single most valuable resource that you ever utilize. This
individual, and there are very few in this gene pool, has intimate practical knowledge as well as legal
knowledge of the business, often understanding the business better than most of his/her clients. It is a
unique melding of marketing practical knowledge and experience together with practical legal
experience that may cause this individual to answer questions off the top of his or her head in five
minutes that would take typical business lawyers five years to research…and, in which case, they would
still probably not understand the "issues," let alone the solutions.
For better or worse, the practices of the MLM industry have induced scores of pieces of legislation and
regulatory control, such as pyramid statutes, MLM statutes, business opportunity, securities, FTC and
postal regulation. Notwithstanding the success of the industry, there is always tension between the
regulatory community and the MLM industry. Overzealous regulators and rogue operators guarantee
that this state of affairs will always exist. Layer these issues with distributor relations and discipline, FDA,
trademark, tax and international issues, and it is easy to see why this individual is probably the first
person with whom you should establish a relationship and with whom you should grow, with that
person as a trusted business advisor and member of your business team.
At a minimum, you would be totally premature to jump into the marketplace without a legal review by
MLM legal counsel of the most basic of sales kit contents, whether they be in hard copy, CD-ROM or on
the internet. Those basics include: representative agreement; policies and procedures; product
brochures; marketing plan presentation; and various forms ranging from retail receipts to autoship to
multiple owner applications, etc. Responding after the fact to regulatory agencies over deficient
materials or answering distributor complaints for slipshod documentation is too little, too late…and too
bad for the startup MLM business.
Picture living your life without a name. To some extent, you define yourself and your existence by your
name. Obviously, you had no choice in choosing your name, but nevertheless, in the trademark sense, it
is your branding for life. When others think of you, they think of your name, and vice-versa. Your choice
of name for your MLM is equally important. Not only will you brand your business and product forever,
but what may be worthless today will be your most valuable asset in years to come. Just ask Coca-Cola,
Marlboro, Microsoft, Avon or Mary Kay. And so, this choice deserves special emphasis in the beginning.
A trademark search by your MLM Lawyer is a must. To be told three years down the way that you must
give up your name because you did not bother to conduct a trademark search would be a devastating
blow to your business. Also, it is essential that the name that you choose will suit the expanding product
or service offerings that will be coming down the pike. So, what’s in a name?... everything!
"Having" great software won’t recruit one single distributor for you. Having said that, lousy software and
inferior support will no doubt ruin what might have been a tremendous business opportunity. This
business is a numbers business. It is built on recruiting, payouts on thousands of generations, genealogy
reports to thousands of distributors, timely calculation and payout of commission checks to vast
networks of sales people. The moment you fail in the technology area, you will lose confidence amongst
your distributors. Prepare to watch sales, recruitment, retention and momentum plunge to ocean
depths. Recovery may never occur.
And so, remember cheap is not good in the technology business. Good value is good, but not cheap.
"You get what you pay for" is true in this acquisition. The fact is that cheap software usually means
"cheap software" that is flawed and for which there is no backend support service of worth. Your
software must work, it must be scalable such that your data tracking solutions, your web and e-
commerce solutions and your reporting and communications solutions can grow with your business.
These are important questions for those bidding for your software. Statements like "up and running in
24 hours for $100" are as invalid as "join our MLM and earn $10,000 in your first week." Of course,
expensive does not necessarily mean good either. At least one software firm became infamous in the
industry for promoting seminars that were little more than high pressure sales presentations in which
unwary MLM startups were induced into astronomical priced offerings. Beware the high pressure sales
tactic that does not afford you the opportunity to compare in the marketplace and check references and
opinions. Your best sounding board is your MLM Business Consultant or MLM Lawyer.
Look for established providers with track records with established companies, but that is not to say that
you should not "hold" their feet to the competitive fire. Established MLM software companies all bring
different but important strengths to the table. Most major providers also offer design solutions for the
MLM startup that involves web-based software support that can grow to licensed onsite technology as
the company grows.
If your software runs the "machine," and the business is the "machine," then your product or service is,
as the French would say, your "raison d’être," your reason for existence. In looking back on history of
the direct selling industry, a chicken and egg analysis makes it difficult to determine whether the
business opportunity or product was the essential reason for commencement of the business. There are
instances of both. The founders of Avon, Mary Kay, and Home Interiors came from successful
experiences in marketing other products. They found a product suitable for their marketing talents. On
the other hand, the founders of Nikken, Amazon Herbs and Shaklee had a passion for bringing uniquely
new products to the world and direct selling became the best vehicle. You will fit in one of these two
categories. Whether it is one or the other, however, choose a product or service for which you can
promote with passion. Be sure that the product is unique or that its formulation is unique to your
company. If it is a commodity or generic product such as telephone service, then you will need to create
another unique marketing edge, such as great service and value, to market the product. The better of
the MLM products are those with high margins resulting from the "perception" of uniqueness in the
marketplace. In the end, a company will only succeed when selling a product of high quality at a
reasonable price to a market that purchases the product on its own merits. Overpriced products of
dubious worth have no real long-term future. The death knell occurs when distributors are caught
informing business opportunity meetings that the product is really irrelevant and is merely an excuse for
the marketing plan. Another vocabulary term for this phenomenon is "pyramid."
Equally important to choosing the right product is the assurance that your marketing will not be
impaired by poor planning. Your initial vendor agreements should be drafted or reviewed by MLM Legal
Counsel so that you do not find yourself stranded without product, or worse, find your manufacturer in
competition with you. Regulatory compliance is essential for such issues as FDA for labeling and claims,
consumer standards for water and air products or compliance with discount buying legislation. If you are
importing products, you should be assured in the beginning that your product will not be subject to
embargo or detention. And, obviously, you should be assured that your distributors and customers
would have an uninterrupted supply of product because you have established adequate capacity to
produce the product or service.
8.Compensation Plan
It Better Be Good!
Does a compensation plan make or break a startup MLM company? History suggests that a good one is
helpful and a must. Does it drive success? Probably not. Will a bad plan contribute to failure? Probably,
together with other unlucky breaks. As industry expert Michael Sheffield notes with respect to a "good"
compensation plan, "its absence will be noticed more than its presence."
Is there anything new under the sun as far as compensation plans? Probably not. Whether the plan is a
unilevel, breakaway, binary, party plan, Australian two up or utilizes enroller, infinity or coding bonuses,
the goal is the same….motivate varying behaviors of distributors ranging from direct sales to building
wide to building deep to supporting downline to maximizing sales volume production and retention. Of
key importance is that the plan is easy to explain to recruits and that it is perceived as fair and balanced.
Typical plans may pay out upwards of 30% to 50% of sales volume in commissions to distributors.
Various plans merely divide the pie differently. As long as the perception is that the plan is competitive
within the industry, it appears that other factors, including bonding with the product, management, field
leaders, company philosophy and corporate communication will be a more significant driving force for
recruits and distributors. In fact, companies whose pitch leads with the compensation plan are often
merely hiding the weaknesses of other key components such as quality of product or stability of
management. In designing plans, leading MLM management consultants serve a vital role in balancing
all of these factors.
There are obviously significant legal issues in evaluating and implementing the compensation plans.
Review and input by a competent MLM Lawyer is essential.
It is one thing for an MLM business to fail because of regulatory challenges, legal challenges or even
financial challenges. Periodically, the industry is aghast when MLM companies fail as a result of disputes
among owners. Unfortunately, such events have occurred. The causes for such failure can be many.
Often, the failure occurs because the owners of the business did not, at the time of inception, take
sufficient care to outline their respective rights and responsibilities. It may be a legal matter, but then
again, it is often a case of differing expectations about the future of the business. These expectations
should be out in the open at the commencement of the business and mechanisms for dynamic change
should be anticipated, including exit strategies for owners. The worse case scenario, which has occurred,
is paralysis of the business while owners argue over management objectives. Obviously, this problem
cannot occur when there is one principal owner to the business. It tends not to occur when there are
two owners. Three owners tend to produce a revolving alliance of two against one. More than three
owners may well be a prescription for future disputes. In any event, managing expectations starts "at
home" and at the beginning of the business.
Success coaches and motivational speakers will often note: "If you think you can, you’re right! If you
think you can’t, you’re right!" This is not a mere placebo. There is something to such advice. Attitude
makes all the difference in survival and success of the startup MLM. Every successful MLM company was
driven by a leader who had passion for the product, the opportunity or both. The charisma of the leader
could not be shared successfully without passion. You must be in a sense what the philosopher Eric
Hoffer referred to as a "true believer." A "true believer" is a founder of cultural, religious or business
movement….and that’s who you must be. There is little room for the skeptic or cynic. As Eminen would
say, you can’t just sing the song, to succeed, you must "lose yourself in the music."
Only with passion will persistence and patience occur. And, only with those two additional attributes will
an individual be successful in the start of an MLM company. It is a rare day that an MLM company is an
overnight success. Some companies become overnight success stories because of the migration of
thousands of seasoned distributors as the result of the collapse or implosion of other large MLM
networks or companies. This occurrence is the exception to the rule. In the end, it is often the case that
a company will not experience its more rapid trajectory until it has been in existence for two or three
years. It is usually at that point in time that the combination of its stability, and some other fortuitous
event in the marketplace, causes its discovery by legions of potential distributors and customers. So, in
the end, attitude, the culmination of passion, patience and persistence, is a defining factor in the success
of the startup MLM company.
You won’t find these ten rules in a textbook. You will not find them in a college course. You will not find
them at Staples or Office Depot. You most definitely will not find them by consulting with corporate
business lawyers or general business advisors. These very important factors are forged in the furnace of
experience. These are practical rules that arise from two decades of practical hands on involvement.
These rules come from the school of "been there, done that." If you pay attention, is success
guaranteed? Well, go to rule eleven, which is "success is never a sure thing, but opportunity is always
guaranteed."
read more »
Power Index
The library is full of articles, case studies, statutes and other material useful as a resource to those
interested in network marketing. This index is designed to help you find information on a category-
specific basis.
read more »
MLM Business Articles
General topics, advertising, personal use, restrictions on distributors, MLM evaluation, taxes,
technology, international, startups, and MLM consulting articles.
read more »
KEY PAGES TO VISIT WHILE YOU'RE HERE
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Best Age To Start Start A Network Marketing Business
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Best age to start a network marketing business
Are you wondering what would be the best age to start a network marketing business?
In this post, I’m going to share in my opinion the best age to get started.
Building a network marketing business will require you to sign a contract to become a distributor for
whatever company you decide to join but the best age to start a network marketing business is your age
at this very moment. I also did a bit of research and what I found is that usually, you must be at least 18
years of age to join an MLM business. It can vary depending on what country and state you leave in. So
make sure you check your local laws just to be sure.
So if you think you’re too young or old to get started, get that nonsense out of your head right now.
Here is a list of people you might recognize who got started a little later in life:
Martha Stewart – Was almost fifty years old before you got her magazine deal.
Ray Kroc (McDonald’s”) – Was 52 when ran into the MacDonalds brothers eventually buying them out
and starting McDonald’s.
Colonel Sanders (KFC) – Was 62 years old before he hit success.
This is just a short list of examples. There are people everyday from all ages having success in business.
Don’t ever let your age hold you back from getting started.
Network marketing does not care about your race, religion, or sex. You don’t need any type of degree or
schooling either.
Everyone starts off on the same playing field, with access to the same tools and information.
Really all you need is your vision, a few bucks, and a hell of a work ethic.
While the business model of network marketing is simple it is going to take a lot of consent work to
build a business.
If someone tries to tell you differently I personally would suggest you find yourself a new sponsor or
another company to join all together.
The cost to get started is different for each company. It can range anywhere from a couple of hundred
bucks into the thousands depending on your start-up package.
When I joined my first company I think I paid $299 to get started. Then I had to get my products on auto-
ship to stay qualified to earn money.
I’ve seen some people get hung up on their auto-ship. Which to me is insane. Think of your auto-ship as
an expense to run your business.
If you ran a Subway you would have to pay building rent, employees, insurance, and a few other things.
So what your auto-ship is a couple of bucks per month. Where else can you go and have operating
expenses that low?
So just for a few bucks you can be a business owner and depending on how hard you work you can make
your money back pretty fast.
Now let’s say you want to start a franchise such as a Subway or some type of national chain restaurant.
You’ll have to come up with hundreds of thousands of dollars and at least 10 years is when you can
expect to make your money back.
So let’s compare, a few hundred bucks and you can make your money back the same day or week with
unlimited income potential vs a traditional franchise that’ll cost you hundreds of thousands of dollars
upfront and at least 10 years before you’ll see any of your money back.
Put the time into your business and treat it like a real business and it will pay you like a real business.
Half ass with it, and it will pay you like a hobby which last time I checked, hobbies usually cost you
money.
Let me be upfront here, I’m not any type of expert of recruiting college students so I had to dig around
and here are some of the best tips that I’ve found to recruit students into your business.
Prospecting students is no different than prospecting anyone else. In fact, what I’ve heard a lot of
people say is college kids are more open to at least hearing about an opportunity that could change
their lives.
Most people want the freedom and lifestyle building a successful network marketing business offers.
College students do too!
If you’re thinking like me, you’re probably saying, wouldn’t a college kid be broke or on a very limited
budget?
Well if someone was serious about joining your business they would find a way to come up with the
money. College students will too IF they are serious about doing the business. If not they’ll just make
excuses like any other person.
Say less to more people. Don’t give out too much information when you’re prospecting. You should
collect their information and follow up with them at a later date. Your main goal with prospecting is just
finding out who is open, that’s it.
Always maintain your posture. You’re going to have people question you about what you’re doing. It
even might be someone in your family or one of your closest friends. Posture is simply you having the
belief in something without requiring someone eles’ approval. You
Operate your business like you’re already making a million dollars. Don’t chase, beg or try to convince
ANYONE to buy from you or join you. When you’re prospecting think of it as you are interviewing them.
You want to make sure their dreams qualify for your time.
Get good at asking questions. If a person tells you they are open to take a look at your business, ask
them why. Find out why they are looking to make some extra money. If someone tells you they just
want to make more money, dig deeper becaue just wanting more money is not a strong reason.
If you use these tips your MLM success rate can’t go anywhere but up!
Conclusion
The legal age in most places is 18 years of age. But like I mentioned in the beginning make sure you
check with your local laws in your state just to be on the safe side.
Outside of that network marketing provides a great opportunity for someone to achieve time freedom
and financial independence. If you are willing to put in the work.
Network marketing does NOT care about your background, how many jobs you’ve been fired form, your
credit history, color, religion or sex. All that’s required is patience, a coachable attitude, and a good work
ethic.
If you have all of these then I highly suggest you get started with your own network marketing business.
If you want to get started and would like to work with me personally, feel free to reach out to me at
[email protected] and let’s see if we are a fit!
If this post was helpful, please do me a quick favor, like and share on Facebook or your favorite social
media platform.
PS: Check Out How The #1 Income Earner In A Network Marketing Company Generates Almost 50 Leads
Per Day….And Get This….For FREE. Unlock Your Free Leads For Life Here
If this training on the best age to start a network marketing business has opened your eyes up to this
awesome profession if so be sure to drop ya boy a comment below and let me know!
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What is Network Marketing?
What is Network Marketing?
Updated on
Dec 27, 2022
7 minute read
Network marketing refers to a business model that involves a person-to-person model of sales which is
created by developing a network of independent representatives. If you are a business major, network
marketing is an essential topic that will be encompassed in the degree and make you privy to its features
and applications. This blog seeks to answer the question of what is network marketing and understand
all its features and applications along with the major courses and universities you can consider in this
field.
These distributors earn profit at their levels and also expand the earnings of the conglomerate per unit
sold. Its uses are multifarious and wide-ranging and its intricate process is carried out by big
corporations creating tiers of salespersons who using their independent networking and circle try to
promote the product. Popularly known as multilevel marketing is trending globally. Companies that
encourage network marketing often create tiers that have the authority to hire sub-tiers under them.
This works on a commission-based system.
Single-Tier
You join an affiliate programme to sell a company’s products or services via single-tier network
marketing. You are not required to recruit additional distributors, and direct sales are your sole source
of income. Avon, a well-known cosmetics company, uses one-tier networking marketing.
Some internet affiliate schemes compensate you for directing visitors to the affiliate’s website. Pay-per-
click (PPC) and pay-per-lead (PPL) affiliate schemes are also examples of single-tier networking.
Two Tier
Unlike single-tier network marketing, two-tier network marketing requires some recruiting, but your
compensation is not entirely dependent on it. You are paid for direct sales (or traffic driven to a website)
as well as direct sales or recommended traffic generated by affiliates or distributors you hire.
Multi-Level
Multi-level marketing (MLM) is used by some direct sales organisations to encourage existing
distributors to recruit new distributors in exchange for a percentage of their recruits’ sales. The
distributor’s “downline” is made up of recruits. Distributors benefit from direct product sales to
customers as well.
A well-known direct sales organisation is Amway, a well-known multilevel marketing organisation that
sells health, beauty, and home care products.
The size of a network marketing organisation is unrestricted. This occurs because businesses may form
distribution partnerships with a large number of people. Distributors can also collaborate with other
sub-distributors to boost company sales.
Companies do not need to rely on advertising to promote their products because they have a strong
distribution network that directly engages customers.
Firms consider retailer profit margins to be an expenditure, which is influenced by distributor structure.
These profit margins are passed on to distributors, relieving corporations of their financial burden.
Another advantage is that businesses do not have to spend as much money on storage and delivery as
they used to. This is because distributors are responsible for these costs.
Because of this framework, distributors can make an infinite amount of money from their business
transactions with the organisation. They can profit from their own earnings as well as commissions.
Applications
Simply understanding what is network marketing isn’t enough. The actual understanding comes from
being aware of its applications in a practical world in a lucrative sense that expand the growth of a
business. It results in establishing a multi-level marketing structure involving a large number of
distributors. With no inhibitions or size limitations, the network structure grows beyond any other kind
of networking and supports a large number of people.
Companies don’t invest immensely to build a network but earn sufficient returns. Additionally, in the
process, distributors are also positively affected by its creation and the profits are substantial. Being a
reliable system, there is no chance of collapse and creates a direct connection between the company
and the target audience.
Questions to Consider
Before deciding to join a network marketing organisation, there are six questions to ask.
Amway
SafeShop
Modicare
4Life
Eazyways
Forever Living
Mi Lifestyle Marketing Global Private Ltd.
Herbalife
Vestige
Oriflame
Avon
Career Scope
Network marketing has significantly emerged amongst the popular forms of marketing with promising
career opportunities on offer. It is a relatively undiscovered and good career to pursue if one has the
makings and diligence. It is considered an important part of Multi-Level Marketing and provides a wide
range of career options for graduates to explore such as:
Brand Manager
MLM Network Marketing Leader
PR Manager
Business Development Manager
Marketing Executive/Associate
How to Build a Career in Digital Marketing?
Service Marketing
Scope of Marketing as a Career
To summarise, Network Marketing is a unique marketing technique. It is unique, according to those
involved, and the market is expanding at an incredible rate. We may see some dramatic expansions in
the network marketing world in the near future. We can see it grow happily until then.
FAQs
What is network marketing and how it works?
Network marketing is a business model that relies on one-on-one sales by independent representatives,
many of whom work from home. A network marketing business may necessitate the formation of a
network of business partners or salespeople to assist with lead generation and sales closing.
How do I start network marketing?
Top four steps to launching a network marketing career
Step 1: Conduct market research: It is critical to understand your specific market and industry before
embarking on your network marketing journey.
Step 2: Determine your intended audience:
Step 3: Select a company.
Step 4: Connect the dots.
We hope this blog has answered all your doubts related to what is network marketing, how it works as
well as the courses and careers you can explore. Want to study a degree program in Marketing? Let our
Experts at Leverage Edu assist you in picking the best course and university that can equip you with the
requisite knowledge and skills to build a thriving career in this field! Sign up for an e-meeting with us
today!
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In this book detail orieted about Network marketing is a business model that depends on person-to-
person sales by independent representatives, often working from home. A network marketing business
may require you to build a network of business partners or salespeople to assist with lead generation
and closing sales.
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Tips To Become Successful Network Marketer - Learn How To Become Successful Network Marketer
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How to Be A Successful Network Marketer - Follow the 10 Tips!
Table of Content
Network marketing, often known as Multi-Level Marketing (MLM), is one of the most popular ways to
get into the world of business. It is one of the most popular home-based businesses since it has a low
barrier to entry. Companies and marketers can increase their online exposure and reputation by
connecting with their consumers. Affiliate marketing may be standard, but it isn't always easy to
practice. A large number of people have voiced dissatisfaction with their MLM results. But motivation
and strategy are essential to succeeding at it. Take a chance and read more about network marketing
tips and tricks.
Many big brands utilise network marketing to increase their internet brand and reach!
The primary concept of network marketing success is to sell things about which you are enthusiastic to
subsequently resell these items. Network marketers may also be paid commissions for bringing in new
customers.It is critical that you have a strong desire to sell and that you can connect with a company
that matches your beliefs. However, before you become engaged in this company, you need to do your
homework and discover more network marketing tips for beginners. In this post, we will go over some
of the most crucial network marketing success tips to keep in mind while thinking about this sort of
business opportunity.
Thoroughly investigate the things. If you suspect a firm is conducting a pyramid scam, exit immediately.
Learn about the numerous items and services important for network marketing success. Also,
understand the commissions that the company gets. Because you will be selling these things, you must
ensure that they are secure and trustworthy before putting them on the market for purchase. Failure to
comply will result in legal actions being taken against you!
Since you cannot depend on your downline to create leads, you must manage your own lead generating
operations. You must actively recruit new salespeople or 'downline' for your team to receive a
percentage of the revenue earned by their efforts.
Around 90-92 percent of individuals depend on recommendations from family and friends when it
comes to increasing the success rate in network marketing. As a result, you may be able to recruit the
help of family members, friends and acquaintances to work as sales representatives for you. They are
more inclined to do business with you than a total stranger if they are familiar with you, appreciate you
and trust your judgement.
You should evaluate the likelihood that those in positions of control above you recruited you for this
organisation. You should talk to them if you need direction or support to sell more because of their aid,
resulting in a win-win scenario for both of you.
Meanwhile, you must advise others who have been asked to join you. Guide them and guarantee their
network marketing success, but also pressure them to fulfil their duties.
When you start earning a livelihood, you may employ an accountant to help you with your tax
preparation and filing needs. It is structured so that your revenues are directly proportionate to the
number of individuals that join your team. Independent sales representatives are self-employed that do
one-on-one business with consumers, often from the comfort of their own homes.
To create leads and complete sales, you must first build a network of like-minded people. Furthermore,
every individual they recruit becomes an employee of yours and a part of their downline in the
organisation.
The cheap cost and convenience of using the social media marketing platform will simplify producing
extra revenue. Another alternative is to develop a website or blog devoted to a given subject or to
generate YouTube videos. Don’t forget to collect leads' email addresses.
Conclusion
Earning a consistent income through network marketing success is complex and not for everyone.
Furthermore, many people do not regard multi-level marketing as a real business, similar to a shop. In
contrast to traditional work, Multi-Level Marketing permits you to earn more money than those in your
organisation who are 'higher' up. You must, however, approach it as if it were an actual business. You
are now ready to dive in and start earning money following these network marketing tips and tricks.
Follow Khatabook for the most recent news, blogs and articles about MSMEs, business guidance, income
tax, network marketing tips for guaranteed success, GST, salaries and accounting.
FAQs
Q: I have to give presentations to potential clients on a fairly regular basis. Approximately what should
be the frequency?
Ans:
Your ability to make effective presentations will determine your active involvement in your network
marketing success. Attempt to make three to five presentations on a weekly basis, on average.
Q: What is the most important skill that I must learn and master in order to be successful in multi-level
marketing?
Ans:
In order to achieve a high score in MLMS, you must master the art of approaching people to become
your distributors. Using this method, you will be able to rise to the top of the earnings ladder in short
order, and your success rate in network marketing will get noticed.
Q: Is it possible to pinpoint the single most important reason why network marketing is so appealing to
such a large number of people?
Ans:
For many people, particularly housewives and retirees, the ability to be their own 'boss' and set their
own working hours is a major attraction to network marketing. The effective network marketing tips for
beginners stand to be the effective means for the same.
Q: Why is the number of network marketers increasing in the midst of a coronavirus outbreak?
Ans:
This is due to the fact that millions of people all over the world want to accomplish something that they
can do from the comfort of their own homes, which is why the Internet has become so popular. And
with the aid of network marketing success tips, the same provides the best social distancing options
while still allowing you to earn a living. It is a win-win situation.
Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as
available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant
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Learn How To Start A New MLM Company All On Your Own
Image featuring a merchant account and a new MLM company, symbolizing financial transactions and
the establishment of a network marketing business.
Candles. Cosmetics. Health Supplements. Jewelry. All of the above have been the base niches for multi-
level marketing companies for years. From leggings to legal services, these businesses gain traction and
pull in quite a profit for both distributors and owners alike.
So why not start a new MLM company of your own? It’s easier than you think. Instead of searching for
the best MLM company to join, read on to learn about the logistics of starting your own direct sales
adventure.
Your product and your niche are your vehicles, while your network of members provides fuel to the
business.
Pick your niche carefully. Do some research on the latest trends, both in the direct marketing industry
and otherwise. What do people like to buy these days? Also, who should be the target demographic for
your MLM?
For instance, research shows that millennials cherish a healthy lifestyle. If they’re the demographic you
want to cater to, stick to a health-related niche.
That being said, be careful not to enter an overly saturated market. There are already hundreds of
health-related direct marketing companies doing business worldwide. That kind of competition makes a
niche difficult to break into.
Figure out what can set your MLM apart from the rest. On the product and niche level of your business,
try to offer something no one else does.
First, choose two or three niches you’re interested in. Then, study the most prominent network
marketing companies across those niches.
Find out how you can stand out among your potential competition in terms of your product line. Ideally,
you should zero in on a sub-niche when you’re just starting out.
The type of products you choose will depend on your budget. How much do you want to invest in your
new MLM company, and how much overhead can you work with?
Some companies manufacture their products from scratch. For example, the eco-friendly MLM called
Melaleuca has a manufacturing plant on its own property. In fact, it claims to be the largest
manufacturer of packaged consumer products in the Northwest.
That kind of dedication to a product line requires billions of dollars in overhead costs. It also calls for
skilled product management. However, manufacturing your own products gives you an edge over other
network marketing companies in your niche.
The easier and less expensive route is to purchase from a wholesale product supplier. If you choose the
wholesale route, you can still build an outstanding direct marketing company. You may choose to buy
from overseas buyer platforms such as Alibaba or Ali Express, where wholesalers offer private label
products to US business owners.
Using online wholesale suppliers is low-risk, especially because you can select the perfect products by
buying a few small test batches first. Once you find the ideal products, you can roll them out in your
catalog without having spent tens of thousands of dollars on the manufacturing process.
According to the nature of the MLM model, your company should thrive on both the sales of products
and the building of an organization. So what kind of incentives will you offer to both your customers and
distributors?
Typically, MLM businesses offer three or more tiers of membership. Each member earns a commission
from the sale of products and services in their organization. Sometimes, members also earn
commissions from product sales.
In place of product sale commissions, you can offer product discounts for members who make a certain
sales quota. You can also offer special member-only pricing for the products. This serves as an incentive
for both prospective and veteran members of an MLM.
The point is to come up with a structured pricing and incentives plan. You can figure out the percentages
based on your product pricing and overhead costs.
With this kind of service, you can build the original website for your company, and then have it replicate
member sites for all of your recruits. It’s important to use dedicated MLM software that can easily
streamline the filing and payouts of commissions. If your payouts are delayed or disorganized, the
organization as a whole will suffer.
Your members are counting on you in order to make their businesses work, so timeliness is an important
factor. A smooth, easy-to-use website interface can make all the difference in the success of an MLM.
Advertise Your New MLM Company
Once you establish and incorporate your new company, it’s time to roll out the ads. Your prospective
members are the bread and butter of your business, so drawing them in with a strong and friendly
recruitment process is paramount.
Social networking platforms are the best friend of direct marketing organizations. Not only can you
recruit your first members through social networks like Facebook, but your organization can thrive
through your members’ own social media promotion.
Market your business as a life-changing opportunity for entrepreneurs. Your target market should
ideally be comprised of people who are ready to make a living from home. These people should be
motivated and coachable. This way, you can lead a team that follows your business model with
enthusiasm.
Focus on spreading the word about your company through direct sales groups online. Many of them
allow promotional posts for free. If you have the budget for it, you can also invest in paid social media
ads.
Once you recruit some members, make it your priority to teach them how to do the same. When your
company is trending in various direct sales and entrepreneurial circles, it’ll be a strong sign that your
MLM is thriving.
With that said, a well-designed organization website and payout service is the backbone of any MLM. To
kickstart your direct marketing journey, contact us today to ensure that your MLM software stands out.
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How To Start Network Marketing Business - Best 8 Steps to Start MLM Business
How to Start Network Marketing Business ?
author
Pavanan Ghosh
Updated on November 26th, 2022
Since the idea of multi-level marketing (MLM) was first proposed, it has been increasingly popular. Even
corporate titans like Donald Trump and Warren Buffett have been incredibly transparent about the
scope and potential of MLM opportunities. More people are now considering and giving attention to the
thought of how to start a network marketing business.
What are those special things that make the MLM business really attractive?
One of the major reasons that we can find out is that it’s a really perfect platform that combines the
flexibilities of both business and the paycheck system of a conventional office job. Or in other words, it
delivers the positive of both fields.
Well, we will discuss in detail here those things to be taken care of before starting an MLM business! But
before, you should make a thorough research on how to choose the best MLM company, so that you
can be a part of the opportunities provided by them.
Also reading about the reviews on various MLM companies will give you an added advantage in doing
so!
And then follow the methods expressed below. Hope it will be really helpful for you guys out there!
To be successful in any sphere, and especially in the business sector, one needs to have a clear insight
into the scope and possibilities regarding his area. They should have a proper dream on why they are
choosing or planning to enter the network marketing industry and must have the knowledge of each
step that helps them to understand how to start network marketing
Is it mainly to have a status in society? Or do you want to make some good money from the field and
lead a luxurious life with a huge house, some great cars, etc. ? You should have a clear dream for your
life to go on perfectly!
Well, take a book and write it in bold letters about why you are selecting the network marketing field.
After fixing your dream, you should really be committed and dedicated to acquiring the same.
But the majority of countries have strong provisions relating to MLM company registration to avoid the
Pyramid scheme exercising companies registering under the facade of being an MLM.
Most of the legal regulations on the registering of MLM companies ensure that the registering company
focuses on its sale rather than growing its distributor network. To ensure this there are rules that
companies need to mandatorily follow. This includes rules such as the company should provide during
registration details on their business, goods, and services, terms of return and exchange need to be
properly specified. The states are also advised to closely monitor Direct selling companies consistently to
avoid scams from happening again.
One thing you can actually do is either consult with your upline sponsor or also make use of this guide
and decide on your long term goals for a term, year or even monthly goals.
Long Term Goal – to earn One Lakh Rupees every month by coming year.
Having a fixed goal will help you in staying focused all the time and ways to reach that goal.
Pro Tip : Write down your notes in some sticky note and fix it in a place where you can see it every day!
The next thing you should do after learning the tactics of how to start Network marketing / MLM
business, is to put your plans into action. Prepare a well-structured calendar depending upon your goals
and training. And remember to share those weekly or monthly tasks to be finished to your Downline
members in a timely manner.
And note that as your team grows, so does your business! So give the necessary attention in building up
your team.
If an MLM company is hired or managed by reputed or popular personalities then such companies have
a bigger chance of being trusted easily by their audience and have more chances of being successful in
the future
The successful people do not stop after planning, they proceed further by converting their plans into
reality. It has been found that almost 80% of the people will give up their plans after the planning phase.
And you should never do this. Be a champion and put in that additional effort required to convert your
dreams into a reality! The various things that you can include in your monthly goals include:
Pro Tip: Always try to maintain the minimum sales required, generate new leads on a regular basis and
train the newly added as well the old members in your downline.
Also, try to celebrate the small victories you have made with your team members, so that it all gives a
positive boost to them in some form or the other. Preparing an analysis will help you in knowing how
near are you in achieving your goal and will help you in creating a better action plan for the next month.
Always research for new helpful tips that makes you and your teammates better understand how to
start network marketing which will be result oriented.
Remember every small step moves a step nearer to your MLM success!
Pro Tip: In short success formula is a well-balanced combination of Dreams, Goals, Training, Plan,
Actions, and Analysis!
Designing your MLM plan is the most important phase that will decide the fate of your MLM business.
Deciding on a plan that would best benefit the company takes a good understanding that can foresee
Product category, Service or product, Ratio of cost to the consumer, Corporate objectives, the ease with
which sales can be made, whether there is room for incentives, and more.
If you are a layman in this field getting advice from an expert will give you a good insight into ow MLM
plans to need to be developed and what factors will matter the most. Doing proper research into each
plan will contribute very much to developing a successful MLM plan. The cost of developing each plan
and how such a plan can benefit your distributors and at the same time benefit companies need to be
budgeted and forecasted.
The Multi-Level Marketing plans are diverse and so is their compensation. MLM Calculator can be used
for understanding how much compensation each MLM plan can earn in the future. There is a separate
MLM calculator for each plan which will help to calculate how much compensation will accrue under
each plan.MLM calculator removes human error, manual labor, and time that has to be Invested for
calculating compensation under each plan. MLM calculators are free and can be easily accessed on MLM
software websites.
Always be willing and prepared to make changes during the stage of development of your MLM plan and
in its future.No MLM company can survive without being static to the changes in its business
environment.
Be realistic in your planning and use all the tools and advice that are available all around you.
Pro Tip: Have a clear picture of the Compensation Plan to run your MLM business.
Pro Tip: Choose the best Network Marketingsoftware that has an array of really useful features.
After all the above said steps, it is very much crucial to Promote your MLM business properly. And
remember, marketing plays a very important role in the present world for the success of your business.
Pro Tip: Marketing is what makes the bigger difference. Reach your target with some excellent
marketing strategies.
You will begin to notice the changes it brings to your business, once you begin to practice the ideals.
Network marketing is a perfect opportunity for those dreams to have a regular and ever-increasing
income and you being your own boss!
mlm-calculator100% Free MLM CalculatorTry our free Binary, Matrix and Unilevel MLM calculators
demo today.TRY NOW
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HOW TO START NETWORK MARKETING BUSINESS IN NIGERIA OR AFRICA: A GUIDE
How To Start A Lucrative Network Marketing Business In Nigeria Or Africa: The Complete Guide | Image:
Pinterest
The 21st century marketplace has widened far beyond the traditional methods used decades ago.
Business owners have realized that they do not have to limit the reach of their sales by focusing on the
immediate market around them when they could contract a loose team of marketers all across the
nation to sell their products to their respective contacts without having to bear the expenses of
expanding their sales team. Network marketing or multi-level marketing provides the fluidity that
traditional businesses lack, and is now gaining acceptance across major cities and towns of the world.
Available global statistics bear testimony to this.
As of 2019, the global network marketing industry was worth $167 billion. Although this is a dip from
the $192 billion value of 2018, the industry has been estimated to hit $200 billion by the end of 2020.
Several factors influence the success of network marketing in different parts of the world, and this
explains why USA have the leading multi-level marketing industry in the world worth $35.2 billion as of
2019. They are trailed by China ($23.95 b), Korea ($17.68 b), Germany ($17.45 b) and Japan ($15.62 b).
The other countries in the top 10 countries with the biggest network marketing such as Brazil, Malaysia,
Mexico and France all recorded less than $10 billion in the same year.
It is not clear how much the network marketing industry is worth in Nigeria, largely because it is
relatively new and people are still skeptical about its legitimacy. However, going by the growing number
of multi-level marketing companies and increase in participation level, it is safe to conclude that
network marketing is set to find a foothold in the country. Already, there are many established
companies in the country and new ones are joining the trend by the day.
Perhaps what many people enjoy about the direct selling business is that you can operate at your own
time and rate and can combine it to your regular job as a way of getting extra income. If you’re
considering starting a network marketing business, here is a detailed guide to get you started on the
right foot.
See Also: How To Start A Lucrative Battery Recycling Business In Nigeria: The Complete Guide
See Also: How To Start A Lucrative Waste Rubber Collection Business In Nigeria: The Complete Guide
See Also: How To Start A Lucrative Car Dealership Business In Nigeria: The Complete Guide
To Sum It Up
Network marketing or multi-level marketing is a promising replacement, or at least, support means of
income, for the traditional jobs. There is no doubting that tons of people worldwide are making a living
from direct selling without having to sit in an office for long grueling hours. That could be you too! The
network marketing business in Nigeria can be a lucrative and profitable venture to start-up, due to its
vast market demand and on your ability to build a wide network. If you’re looking for a lucrative
business to venture into, the network marketing business in Nigeria is a great option to explore.
Writing a bank and investor ready professional network marketing business plan can be challenging. If
you need a professional and affordable business plan service, StartupTipsDaily’s MBA standard
professional business plan writing service is perfect for your small business.
All you have to do is request an understanding of your proposed business model, and you’d have a
professional MBA standard businesses plan ready for you anywhere within 5 to 14 days. You can click
here to get started with using StartupTipsDaily’s professional business plan writing service to create the
perfect business plan that’d get accepted anywhere.
What are your thoughts on how to start a network marketing business in Nigeria? Let me know by
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Silvia Crockett says:
August 5, 2021 at 12:34 am
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Juknis BOS 2017 ~ Info Guru says:
August 6, 2021 at 10:04 am
Sudah terima dana BOS untuk tahun 2016?
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大分県 准看護師 看護師 求人 募集 求人検索 採用 就職 病院 単発 時給 年収 says:
August 8, 2021 at 4:11 am
Post writing is also a fun, if you be acquainted with after that you can write otherwise it is
difficult to write.
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BUSINESS
A Guide to Start Network Marketing & MLM Business
BY
PRITAM NAGRALE
28 DECEMBER 2017
14 MINUTE READ
Cost of living is on the upswing, regardless of which part of this world you live. Everyone from
governments to citizen is locked in this centuries old battle of combating inflation.
Of course, some degree of inflation- or price rise- occurs naturally due to our dependence on imported
or expensive stuff. Market factors including demand-and-supply dictate inflation indexes worldwide.
The best way to battle inflation is by increasing your personal and family incomes. Of course, there are
various options available should you decide to boost your regular earnings.
However, in recent years, network marketing is fast becoming popular as an excellent source of extra
income.
I have over 15 years experience in network marketing and was associated with dozens of good and bad
MLM companies. I have recruited thousands of people in my downline and made excellent income from
many of the companies.
So today, I am going to share you all my experience about network marketing business and how can you
become successful if you want to work in a MLM company.
Understanding network marketing
network marketing
The term itself is self explanatory. Network marketing simply implies marketing- or promoting and
selling- a product within your own circle of family and friends.
You can extend it to include colleagues, neighbors, business associates and anyone whom you can
network with effectively.
And if you want to make it big then you can promote to strangers through offline advertisements like
newspaper, pamphlet ads etc. and online marketing like blogs, Facebook, WhatsApp etc.
This means, the consumer does not pay unnecessary intermediary commissions.
However, you can sell mundane daily objects such as herbal soap or food supplements as network
marketer. Regardless, here are some skills that can help you become a successful network marketer:
There are no empirical studies to contradict this statement but generally women and senior citizens
make better network marketers.
However, this can be attributed to more time they spend on this work, compared with men and
youngsters.
Other schemes would promise anything from stainless steel utensils to saris and jewelry as rewards for
members who enroll more people.
Sadly, these indigenous schemes became extinct within a few months. Inability to sustain the schemes
was the main reason, as people balked at these offerings. Indians were not as affluent then and hence,
reluctant to invest in such schemes.
Tracing history of MLM
Interestingly, network marketing is not a new concept worldwide.
The accolade of the world’s first network marketing firm goes to Avon, which began its business in New
York in 1886 with fragrances and beauty products for women. Despite its impressive history spanning
over 130 years, Avon continues to sell its products through network marketing. Today, this firm has
annual turnover exceeding US$ 10 billion. Avon is also the world’s second largest network marketing
company.
In 1922, Kleeneze, a UK based firm began its humble business of garden, home and body care products.
This firm also operates till date with network marketing as its backbone.
The third oldest network marketing company is Betterware that sells household and beauty products.
Other notables in the network marketing industry include:
Notably, several companies also lost business and had to close doors during this era. However, their
failure was due to various reasons ranging from World War-I from 1914, Great Depression of 1929 and
World War-II from 1939.
Mainly, economic uncertainty during these intensely difficult times this planet has seen, led to failure of
many network marketing companies.
Understandably, network marketing is a unique business model in its own right. Here, the company does
not open its retail showrooms or sell its stuff through other stores.
Instead, people who wish to capitalize and make money on a company’s good reputation, buy and sell
its products for a small profit. Usually, these products are sold by network marketers within their
personal clique.
All your interpersonal skills and social contacts will undergo rigorous tests when you enter network
marketing.
Meaning, the products will most likely be untested for results are based on traditional or shaman
recipes. However, the biggest challenge is selling financial products or schemes that offer high returns
for low investments.
For one, investors prefer conventional offerings such as bank deposits, mutual funds and insurance.
Especially since the network marketing industry as a whole continues to reel under various major scams
involving investment schemes.
Secondly, selling financial schemes often involves excruciating efforts. Obviously, nobody wants to part
with money to invest in dubious sounding schemes by nondescript companies. Meaning, you will waste
precious time on convincing someone without prospect of a sale.
Thirdly, you will require astute and excellent mathematical and financial skills to convince a buyer to
take your investment product.
I started MLM business in 2001 and my first company was Japan Life. I attended their seminar in Mahim,
Mumbai and was very much impressed with the overall presentation of the product & the earnings of
MLM leader present there.
The product offered was a magnetic bed. You won’t believe, but the price of this magnetic bed was
around Rs 90,000.
It was not affordable to me but still managed to buy it. I worked very hard for 6 months, tried to
convince each of my friends & relatives but not able to sell even a single product.
The reason was “It was very expensive”.
Expensive or high-risk offerings have fewer takers. Affordable product means you attract more people.
This directly translates into higher or lower income for you.
Generally, reasonably priced products stand a better chance of success in network marketing. For
example, nobody will buy a shampoo for Rs.500 or toothpaste worth Rs. 300 unless they have proven
miraculous predications. However, a product that costs reasonable for its quality and ingredients will sell
faster.
I joined Speak Asia Online in 2010 and recruited few of my relatives & friends in this MLM company but
soon I begin to doubt about the authenticity of the company.
Thank god I did not promote it heavily because the company proved to be a biggest fraud of that time.
Therefore, you need to be extra cautious in selecting the company you wish to represent in your social
network. Associating with perfidious companies can tarnish your family and your social and financial
standing.
Further, you also need to ensure the company you wish to represent has limited presence in your target
market. It is easier to build on a reputed, established brand but returns can be lower due to tenacious
competition from existing network marketers of the same company.
Remember, network marketing depends heavily upon the proverbial word-of-mouth publicity. Hence,
the better connected your target customers, higher your chances of promoting the stuff to a wider
clientele.
Undoubtedly, there would be several rags-to-riches stories that a company highlights. However, you
also need to determine whether there are any riches-to-rags stories among the company’s network
marketers.
Usually, glamour of network marketing promos tempts a beginner to invest heavily. We recommend you
assiduously resist such allurements. Remember, a reputed brand means intense competition, little
known product means slower progress.
Therefore, be cautious when investing in network marketing products and schemes. Further, never
empty your coffers or bank balance to invest on network marketing.
But if you have already decided to join a particular company, then easiest way to join it through an
existing network marketer working in that company.
Just Google “Company Name” + leader or associate or distributor and you will find ads from network
marketers in various classified sites.
Now contact each of them and find the best network marketer who can provide you complete help for
growing your network.
Network marketers are desperate to join such people. You have good chances of negotiation. Now you
decide what you want from them.
You can also have a small signboard at your premises and posters/ banners on streets stating your
network marketing business, products, services and contact numbers.
Further, you will require business cards and some basic stationery including invoices, cash receipts,
quotation books and letterheads. This can cost a small fortune. However, investing on these will impart
a professional tinge to your network marketing business.
Further, you can request them for referrals, regardless of whether these initial targets culminate into
successful sales. Furthermore, you can promote your business during fairs and fests, at religious shrines,
sports and community clubs and social events.
Look for opportunities to set up a small stall or showcase your products and services wherever people
will attend in large numbers but will have ample time to speak with you.
But if you need quick results then I will highly recommend you to promote your network marketing
business on internet.
From 2001 to 2009, I promoted all my MLM companies offline only. I would start with all my contacts
and then with pamphlets distribution and newspaper ads.
But when I started online promotion, I got more members in just 1 year than what I got in 8 years of
offline marketing.
Network marketers in Thailand and the Philippines serve as excellent examples about how Facebook can
be effectively deployed for network marketing.
They post excellent pictures and videos of their products, complete with testimonies and pricelist. These
network marketers not only attract clients within their country, they frequently bag foreign customers
too.
So I will highly recommend you to start promoting this online through blog, social media and many other
ways explained on MoneyConnexion.
You need to invest part of your earning to provide training & other help to your team members. Each
and every member in their team will give you same earning as your direct members.
You can take separate meetings of your team in a nice hotel and provide them all the support & training
they needed to expand their MLM business.
Remember, other network marketers are also active. You need to develop your own tactics to keep your
contacts and network loyal. This can be done by hosting occasional parties to celebrate an achievement
or family outings.
Often, you may have to part with freebies to ensure your customer, contact or network remains loyal.
This can be done before or after getting orders from your customers. The company will send you its
products through appropriate channels such as road, rail or airfreight.
For smaller packages, the company can use the postal service or a good courier. Once you have received
the ordered stuff, you sell it to the consumer.
The difference between your buying and selling price determines your profits. Often, companies give
incentives such as freebies that can also be sold to consumers. This money is also your profit.
Further, you can increase earnings by enrolling more network marketers for the company. Your new
recruits have to submit completed forms to the company, clearly indicating interest in promoting its
products and services.
Sometimes, a small entry fee is charged for enrollment. A portion of this entry fee is paid to you as
incentives.
Although there are dozens of MLM plans, but I am going to explain you only the most popular plans.
Generation Plan: This is the oldest & safest plan. Most of the big companies like Amway, Herbalife etc.
use ths plan. Here you get maximum earnings from your upper levels. But as the levels go further deep,
your earning decreases.
Matrix Plan: It’s one of the most popular MLM plan. You have limited width on your first level.
Maximum, you can sponsor 5 people in the first level of downline. If you sponsor more members than
max then it will be spillover and gives the benefit to your downline. Popular matrix plans are 3×5, 4×7,
3×9.
Binary Plan: This is my favorite compensation plan and this is also called as 2xn matrix plan. You need to
recruit only 2 members, one on left and one & right. Your 2 members will recruitment 2 members each.
You get same commission till unlimited levels.
Your new recruits get more subscribers to the pyramid scheme and get commissions or incentives too.
Further, you also get a small portion of the commissions paid by your new recruits and any new
members they enlist.
Unfortunately, such companies pay you from membership fees received from new recruits. These
payments cease the instant any part of this human pyramid fails.
Pyramid schemes are also called Ponzi schemes. It gets its name from Carlo Ponzi, a swindler from Italy.
Ponzi schemes involve paying older investors from membership fees paid by newer members. There are
no legitimate business activities.
Pyramid and Ponzi schemes are destined to doom. The moment a few members cannot enroll new
recruits or pay membership fees, the pyramid collapses.
The Ministry of Ayush plans to regulate import, distribution and sale of these products, based on proven
medical values and benefits. The move comes in wake of hundreds of complaints from Indian
consumers.
Apparently, some unscrupulous MLM firms had dumped substandard nutritional supplements in the
local market. They are alleged to have caused varying degrees of harm to consumers.
Several Indian states including Kerala and Rajasthan have specific laws governing MLM/ network
marketing companies and activities.
Also note, MLM schemes offering financial products are outlawed in India under the Prize Chit and
Money Circulation (Banning) Act 1978. Offering any products that contravene Indian laws is thus a
criminal offense.
Following adoption of Goods and Services Tax (GST) across India from July 1, 2017, all network
marketers are mandatorily required to switch to the new taxation system. Some nutritional and beauty
products from abroad offered by MLM firms have already become expensive.
India is moving towards a new Maximum Retail Price (MRP) system post-GST. Hence, all MLM firms are
now required to display MRP of their products clearly on their labels.
Last word
Obviously, network marketing business is a great way to get rich quickly. However, you need to get
associated with a great company. Before entering into any network marketing/ Multi Level Marketing/
Pyramid or Ponzi scheme, it is better to take a few precautions.
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How to Start Your Network Marketing Company in 2021
December 30, 2020 VentaForce 0 Comments
The year 2020 has been disastrous for businesses around the world, but not quite so for the direct
selling industry. Home confinements and social distancing drove the demand for direct selling of
products and essential goods. Network marketing flourished in a year that caused a global economic
slowdown. And, this has encouraged millions of entrepreneurs in starting their own network marketing
business in 2021.
While the COVID-19 pandemic may end soon, consumers are expected to continue purchasing their
goods from direct sellers. After experiencing the profits made during the pandemic, the demand for
direct selling businesses is at an all-time high. According to Forbes, the direct-to-consumer business
model holds the key to success in the coming decade. With the high penetration of e-commerce
platforms and the upsurge in digital consumerism, 2021 is perhaps the best time for you to start your
own network marketing company. Here’s how:
To start your own network marketing company, you need to get experience in an MLM organization or
consult MLM experts. This helps you understand how your company would evolve from the ground up.
If you’d consider doing it yourself, here are some professional tips on how to establish a network
marking business.
Advertising the final step to the launch of your network marketing company. Start promoting your
company, the products you sell, and the lucrative prices on digital magazines, social media platforms,
and mainstream publications. From email marketing to social media promotions, maximize all digital
marketing solutions to create a hype around your business. Try to get public figures and local celebrities
engaged with your company to drive your brand awareness.
In 2021, the success of your networking marketing company will be tested for its organizational
structure and technological advancement. Make sure to use the best MLM software while running your
new network marketing business in 2021 and beyond.
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Setting up a business is always a hassle and many entrepreneurs find this beginning stage the hardest.
While this is true on most occasions, one thing they should understand is the fact that, if you get it right,
then setting up your business in the right way will help you to get a head start in the industry. In this
article, we will take a look at how one can set up a network marketing business in the best possible way.
A network marketing business can be defined as a marketing strategy which is done for the sale of
services or products. Network marketing is also called as multi-level marketing or pyramid selling. Under
this model, the revenue for the multi-level marketing (MLM) company is acquired from a non-salaried
workforce selling the company’s services or products and at the same time, the earnings of those who
participate in this is decided based on a pyramid shaped or binary commission system.
Even though there is immense potential to succeed in this industry, it is crucial that you launch the
company in the best possible manner. And in this article, we will take a look at how an entrepreneur can
setup their network marketing business in the most efficient manner.
1. Understand why you want to Start a Network Marketing Business: This is one of the most crucial
aspect of starting a network marketing business. You need to identify why you want to start a network
marketing business and this will help you to not only be more motivated about making your business
successful but it will also allow you to understand what you are passionate about and start your
business around that particular product or service.
2. Identify and Set Goals: This is also a crucial facet of starting a network marketing business and
identifying and setting goals will allow you to have a guideline which you can follow. Setting goals will
help you to remain motivated in making your company a success and this is crucial if you want to run a
successful network marketing business in the long run. While setting goals, make sure that they are
practical and if you are setting unattainable goals, then it will de-motivate you which will adversely
impact the success of your business.
3. Have an Action Plan: Having an action plan is important and basically an action plan will allow you to
chart-out you company’s operations. This framework is crucial for most businesses and make sure that
your action plan is in sync with the organizational goals that you have set. If they are in sync, then you
will be able to take your company forward in a much better way and you will have better idea regarding
where you want to take your company to.
4. Reviewing your Performance: This step will help you to understand how you are performing and if
things are not going according to plan, then you can always take corrective actions to get back to the
right path.
As mentioned before, a network marketing business is a segment with immense growth potential and
following these steps will not only help you to launch your network marketing business but it will also
help you to run a successful business.
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Free Leadership Training
Network Marketing Nuggets > How To Build A Strong Network Marketing Business
In this video, I provide 5 tips for breaking through in your network marketing business! These strategies
are designed to help you get ahead of the competition and find that breakthrough in your business.
Below are three more tips to help you build your network marketing business quickly:
1. Create a Website
A website is one of the most important tools to build any type of business. It gives you a presence on the
web and lets people find out more about you. A website also makes it easier for prospects to contact
you.
Building online has more advantages, but if you want to learn how to succeed in network marketing fast,
you should use both. Online should be used to get you going and once you grow, then prospecting
offline will become a more important option for you to use.
Below I go into more detail on growing your network marketing business and helping you get the
breakthrough you need.
00:00 Introduction
02:04 5 Tips To Building A Strong Network Marketing Business
02:36 Tip #1: How To Track Your Goals
03:53 Tip #2: Be Intentional
06:08 Make Sure You’re Being Effective
09:31 Tip #3: Have Discipline
11:06 Tip #4: Focus On The Basics
12:04 Tip #5: Create Daily Positive Habits and Rituals
16:23 Conclusion
By the way, as you’re looking on the screen, you can see darinkidd.com/3laws. Hey Howard, welcome.
Thanks for joining. What you can do is you can download. We have updated that information, and so if
you have not had a chance to download that, it is now a workbook type completely free download. It’s
something that you can actually send to your team as well. I would encourage you to maybe take that
and you could even use that for a small training for your organization where you walk them through the
three irrefutable laws to build and having success in network marketing.
All right, and then for those that are … Hey Colleen, thanks for joining, in the bathtub in Florida. Well,
you know what? That’s a great place to be, Colleen. At least we know you’re clean. Clean Colleen. All
right, well, listen, happy Friday. Listen, for all of you that are constantly plugging into my trainings every
single week, the biggest way that you can support these trainings is depending on which platform you’re
watching on.
If you’re on Facebook, if you can make sure you click that like and smash that heart button, that’s going
to help the algorithm, it’s going to help push out this information to more people. If you’re on YouTube,
make sure you hit that like button, make sure you subscribe and then share this with any of your
teammates or friends that you believe this information will have an impact on. So that’s the way to help
me, because what it does, it allows, again, us to reach more people and that’s the way the algorithm
works.
So you want to make sure you’re not just hearing the information, but ask yourself, am I doing the
things that Darin is talking about on a weekly basis? Have I written down my goals, and have I written
down and taken time to really think about why I’m building the business? If you have not written them
down, then you know what, you’re just going, “Hey man, I’m crossing my fingers and I’m hoping that it’s
going to work.” Your life is more important than that, your business is more important than that, so
make sure you take time to write them down.
We can’t be random when it comes to building a business, we have to be very intentional with the
things that we do. So, what are some things that you can be intentional on a daily basis when it comes
to building your business? Well, you can have your DMOs, your daily method of operation. What are the
things that are going to get you to where you want to be? What are leading indicators to help you grow
your business? Let’s talk about new connections, okay? That’s being intentional. Okay, how many new
connections am I going to have on a daily basis?
What I used to do was go, okay, here’s my minimum. No matter what happens, at least five days a week,
I would train five days a week. For me, I would make sure it was six days a week, and I would go, no
matter what, this is my minimum when it comes to new connections on a daily basis. That I had a
realistic goal and I had a dream goal, and very rarely was I able to hit that dream goal, but most of the
time I was hitting between the realistic and the dream, and I knew that my reach-outs were going to
determine how fast I built my business.
So it’s about new connections, it’s about reaching out to people, it’s about posting on social media, your
follow ups, and promoting, okay? Those are just a few. When it comes to, hey, look, am I being
intentional treating my business like a business on a daily basis? You may go, “Hey Darin, but you don’t
understand, I’m busy, right? I’ve got a family, I’ve got a career. My wife and I, we have five kids.”
She’s like, “Look, I’m going to show up early at work, and I’m going to sit in the parking lot.” She got
there at 5:30 in the morning, and she worked her business where there was no distractions. Not only did
she know, okay, I’m going to work at there, I’m going to work it during my break, a little bit during my
lunch break, at night when the kids get in bed. She was putting in about 12 hours a week two hours a
day six days a week. Okay, she was very intentional with what hours she was going to work, and then
she was prepared and intentional knowing what she was going to do during those hours.
So when you’re intentional, you’re sitting in the parking lot in the pickup line for your kids like I’ve done
many times, but yet you got your hot prospect list and you’re on your phone making the most of the
time that you have, that 15 minutes, right? 15 minutes here, 15 minutes there. See, the great thing
about the network marketing space is I used to have to work my life around my business, but with
network marketing, you can work your business around your life. So it’s not how much you do, it’s the
effectiveness of what you do, all right?
Hey, I believe it’s Lily. Yes, you called me live. That’s awesome. Hey Charles, thanks for joining. Look, I
appreciate everyone sharing, I appreciate you smashing that heart button. For all of you that have just
jumped on, the way that you can help me with my YouTube channel and Facebook is smash the heart
button, the like button and subscribe.
All right, so being prepared and then having that action plan in place. We can confuse busy-ness and be
busy, but yet not be productive. So, a question that you can write down and spend some time after this
training, going through what are the MMAs, okay? What are the money-making activities or HPAs, high
payoff activities, that are going to get me to where I want to be, right? So, are you reaching out to
people? We talked about that. Are you promoting trainings?
But make sure that you’re not just busy, because it is so easy, especially when you start getting a team,
“Hey, look, I’m going to check my reports, I’m going to check in with the organization.” It’s okay to do
those things, but you want to make sure that you are leading by example and you’re being very
intentional. So, being intentional. No one ever drifted to a desired location. You don’t ever see someone
at the top of a mountain and they go, “Hey, I accidentally stumbled to the top of the mountain.” It takes
intention and it takes some effort to get to the top of that mountain.
Most of the time you’re not going to feel like. It is pure work ethic, it is pure discipline, and the secret is
motion creates emotion. Like Emerson said, do the thing, have the power. He didn’t say, wait, sit back
and just wait. Wait for the power to come to you, then you go do it. That’s not the way it works. Motion
creates emotion. When you make sure that you’re disciplined going, “Okay, I’m at work 30 minutes
early. I don’t feel like it, I’d like to take a nap.” Like this mom. “Hey, look, it’s 5:30 in the morning, I’m
exhausted. I’ve got two little kids, I had to get them prepared, I had to get them to the babysitter, now
I’ve got to go work my job.” But her why, her reason, her motivation, the motive for her actions was
strong enough to go, “Look, it’s not about how I feel, I’m going to go do it anyway.” So, that’s number
three is having discipline. Motivation will come, you will create the habits.
If 80% of your production comes from new people and you’re constantly reinventing the wheel, then
what’s going to happen is you’re never going to create duplication. You’re never going to create that
rhythm and that culture in your organization that works with or without you. So, one of the top tips is
stop over-complicating things, focus on the basics. At the end, I want to know your favorite tip. I’ll recap,
but I want to know what was your favorite tip.
So, what are some of the habits and rituals that I do on a daily basis? I’ll just give you a few, right?
Getting up in the morning and meditating and praying, drinking 20 ounces of water on an empty
stomach, right? There’s a lot of science behind that. Listening to educational, inspirational, motivational
information first thing in the morning. I have this whole little ritual that I’ve created. I do the same thing
at night. So, whether it’s prayer, meditation.
Another thing that I do on a daily basis, I try to move my body. Yesterday, crazy busy day. Family things
going on, very stressful, but I still made time to go by, warmup, and then I did a workout that was only
12 minutes. It took me 12 minutes and 30 some seconds. It was a hard one, right? It was 1,000 meters
on the ERG. We call it a ERG, ERG bike, and then I did 33 dumbbell snatches, and then I did 1,000 on the
bike, and I did 22 and 1,000 on the bike. I did 11 and 1,000 on the bike. I think that was it.
So it took me 12 minutes and 30 seconds, but it was intense, and afterwards it felt so good. Those
natural endorphins. I was sweating, I looked like I jumped in the pool, but I’m like, “Man, if I can move
my body on a daily basis, even if some days it’s 30, 45 minutes, some days it’s 12 minutes,” but I moved
my body, right? I knew I was going to sleep better, I knew it was going to relieve stress. Every single day.
So, can you move your body? Can you go for a walk outside and not only move your body, but another
daily habit and a ritual is gratitude.
This morning before I was even consciously awake, because I’ve continued to do this every single day, I
was thanking God for my blessings as my eyes opened, right? “Thank you God for another day. I know
you’re not finished with me yet if I woke up,” right? So when you create a daily habit and a ritual of
gratitude, gratitude is one of the healthiest emotions you can possibly have, if not the healthiest. So
then personal growth, you have a daily habit for personal growth. I’ve told you a little bit of mine. Get
sleep, okay? That’s another daily habit and ritual.
I used to think, “I don’t need to sleep, I’ll sleep when I’m dead. Sleep is for wimps.” Not the case, right?
Your body needs sleep, your immune system needs sleep. It should be a priority. So, I’ve created daily
habits and rituals where I try to at least get seven hours of sleep. For me, my body needs at least seven
hours, I’m not ashamed to admit it. I go hard during the day and I want to make sure that I take care of
my body, we only get one of them. Drink water. So, those are a few things. So again, it’s creating daily
positive habits and rituals. At first we create them, then they create us.
Now all five of these things that I just went over, let me know which one is your favorite of the five, and
let me know maybe which one you’re going to start working on to get a little bit better at. That’s every
day. Some days we’re going to fall off the wagon. There are days I miss working out. When I was tracking
how much water I had today, I’m like, “Oh my gosh, I’m way behind.” We’re all going to fall off the
wagon, it’s a matter of getting back on the wagon a little bit quicker each time. That awareness leads to
growth, that awareness leads to change.
Conclusion
So number one, again, five top tips for building a network marketing business and improving your life.
Let’s just face it, these things improve your relationships, your life, your health. That’s the beauty of the
space we’re in, is that it can make you a better version of you in everything that you do. So number one,
having your why and your goals written down. Number two, being intentional. I just love when John
Maxwell said, “No one ever drifted to a desired location.” If you’re drifting, you’re going downhill. That’s
not the way we want to go.
Number three was having discipline. Doing it when we don’t feel like it. Number four was focusing on
the basics. Basics create a successful business in network marketing, fancy doesn’t duplicate. Number
five, having daily positive habits and rituals that we create and then they create us. Here’s a bonus tip,
okay? Never quit, right? If you want to have a successful business, you never quit. Failure is a great
teacher, right? Failure is the fertilizer for your business. Failure and success are not separate, they’re
together. So if you never quit, it is impossible to fail.
So let me know, let’s see, which one was your favorite, because that’s the five tips and that’s the
training. I appreciate all the love, the smashing the heart button. I appreciate you tagging people in the
comments. If you’re on YouTube, man, you haven’t seen anything yet, we’re getting ready to revamp a
lot of things. Then make sure you download darinkidd.com/3laws.
Once again, for those that just joined late, that’s a workbook that we updated. I’ve even got the why
worksheet, where you could do a dream building workshop with your organization, even virtually. They
can each download it, and you could go through that together. But very good basic information that
helps people start to get that dream machine turned on and that clarity, giving them focus and that
focus gives them energy and fuel.
If youre looking for tips to speed up growth in your network marketing business, click here.
So I appreciate everybody jumping on, and as always, I appreciate your support when it comes to the
different channels and the trainings. We have got so much more coming your way, I’m cheering for you.
Have an awesome rest of your day and we’ll see you soon. Take care.
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Darin Kidd
Darin Kidd
Darin is a renowned leader and former Multiple Seven Figure Earner in the network marketing
profession, global keynote speaker, executive trainer as well as a mentor and coach to people with all
kinds of backgrounds, including Students, Stay at Home Moms, Waiters, Doctors, Lawyers, Executives,
Entrepreneurs, and Engineers. He has owned profitable franchises, built online businesses with a digital
brand and created a vast following on social media. Darin has been featured in various magazines and
books, along with being on an advisory council with John Maxwell. Before leaving the profession as a
distributor, he built massive teams all over the world and earned awards for recruiting, retention and
sales.
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One Response
Omamoke Orupete says:
October 9, 2021 at 8:02 am
Many thanks for this training tips. My favorite tips are tip 3 and 4.
The tip I planned working on is tip 1 , most times I just have it on my head never get to write it down.
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Business Ownership
Becoming an Owner
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Operations & Success
Industries
By Mindy Lilyquist
Updated on 11/20/19
Whether it is extra income you seek or a chance to see how far you can fly as an entrepreneur,
becoming an independent distributor for a multi-level marketing (MLM) company is a viable option.
MLMs, often referred to as network marketing or direct sales, provide a proven product, marketing plan,
mentorship, and training and support. It's a business in a box that supplies everything you need to get
started ASAP.
MLM success; however, isn't automatic or necessarily easy. One mistake many new network marketers
make is in not treating their new venture as the business it is. Just because MLM businesses come pre-
made with a product or service, a plan, and support, doesn't mean it will run itself.
Here are some important resources for you to check out regarding networking marketing, including
common myths and mistakes, tips for success, how to avoid scams, and more.
01
of 08
Network Marketing Myths and Truths
Social Networking
imaginima / Getty Images
Many people avoid MLM based misinformation. Legitimate MLMs are not illegal pyramid schemes and
don't require you to "use" or hassle people. Anyone can be a success no matter where they are in the
network and saturation is impossible.
While there are some issues in network marketing, before ruling it out as a home business option, make
sure you're not letting one of these myths cloud your judgment.
02
of 08
The Realities of MLM Success
Scientists explaining data to the public
Alice Mollon / Getty Images
One big problem of MLM is how it's surrounded by so much hype. While companies try to temper their
reps' enthusiasm, too often the programs are promoted in a way that suggests you make big money fast
with little effort.
The reality of MLM is that big money is rare. That's not to say that it's not a viable way to make money
from home, but it's not automatic nor easy. With solid advice and elbow grease, you can beat the odds
and achieve success.
03
of 08
Signs it is an MLM Scam
Burning 50 dollar bill
Steve Bronstein / Getty Images
The MLM industry, like most other industries involving money, has its share of scams and schemes.
Some make their money by forcing reps to have an inventory (a practice the FTC has worked to put the
kibosh on).
Others are outright illegal pyramid schemes, that focus on recruitment, not product (pyramid schemes
are seen in financial products, as well).
In order to avoid getting sucked into a less-than-legit sales opportunity, consider these signs it may be a
scam.
04
of 08
10 MLM Success Tips
Helping hands moving ladders for business people to climb up pyramid
Andrew Baker / Getty Images
Success in an MLM business starts by choosing the right product and company and then treating your
business as a business. Like any other business, it requires work to find customers and make sales, as
well as building a team of home business owners.
MLM businesses have one of the highest failure rates in the small business industry. To help give you a
leg up on profitability and longevity, consider these ten helpful MLM success tips.
05
of 08
How to Be a Direct Sales Superstar
Young woman at home with laptop on desk having a break
Westend61 / Getty Images
The stats in MLM aren't inspiring, and yet, many people achieve their goals and some big success in
network marketing. There's no reason you can't be a success if you do the work that needs to be done.
Here are 12 things you can do to ensure your success and achieve your home business goals in network
marketing.
06
of 08
6 Mistakes New Network Marketers Make
Businesswoman doll drowning in sand in hourglass
Oliver Burston / Getty Images
While success is automatic, failure isn't either, unless you don't do the work. The dismal success rate of
MLM isn't necessarily the industry's fault. Most people who don't succeed in network marketing make
one of a handful of errors that lead them to quick. Make sure you don't make one of these 6 mistakes to
increase the odds of your success.
07
of 08
6 Ways to Generate the Best MLM Leads
Gold king chess piece stand in front of pawn on black background
Towfiqu Photography / Getty Images
The first step, and often the most difficult one, is finding new customers and potential business builders.
Your ability to find prospects will be the key to success in your MLM business.
Here are six ways to generate customer and business building leads for your MLM business.
08
of 08
40+ MLM Company Directory
Business goals concept,Financial goals concept
krisanapong detraphiphat / Getty Images
There are hundreds, if not thousands, of direct sales companies to choose from. It's always best to
choose a company that has a product or service you enjoy, and a marketing plan you can implement.
But if you'd like to see a handful of potential companies you can join, here is a list of 40+.
If you're interested in a company that's not on this list, or you want a list of more companies, search the
Direct Selling Association membership. Any company you choose to work with should be a DSA member
as the organization vets companies and requires them to meet ethical standards.
Image shows a happy woman assembling a three-tiered cake. Text reads: "Tips for success in multi level
marketing: be aware of the realities of MLM; find a company with a product you love; be genuine and
ethical; don't bombard friends and family; identify your target market; set goals for parties or
presentations; listen and sell the solution' learn how to market"
12 Tips to MLM Success
A Group of Young Women Looking at Products
The Truth and Myths About Network Marketing
A saleswoman rings a doorbell.
Multilevel Marketing (MLM Meaning)
Woman speaking to a group of people
The Likelihood of MLM Success
Woman with baby son
Home-Based Business Ideas for Moms
a group of women doing their makeup
How to Be Successful Selling Products from Home
group of corporate business people meeting in the boardroom
Are Multi-Level Marketing (MLM) and Network Marketing Legal?
woman conversing at a party
Commonly Used Direct Sales Terms
Network Marketing Does it Work or Too Good to Be True?
Network Marketing: Worth It or Too Good to Be True?
Happy woman cheering at computer in home office
How to Be a Direct Sales Superstar
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What Are Sweepstakes Administrators and What Do They Do?
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ABOUT
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ALL BUSINESS IDEAS
COMPLETE BUSINESS PLANS
LEARNING CENTRE
Gone are those ancient times when you required an office and a large sum of money to step into the
business world. Network Marketing business has broken the records of history if you don’t agree with
me? Check out your house, does it has a good collection of Tupperware containers. I bet you have. Well,
for starters let me tell you Tupperware is a network marketing company.
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3 Small Business Idea: You Can Start From Home and Earn Lakhs of Rupees
How To Start Network Marketing Business
The limitless world is yet to be explored when we talk about Network Marketing. And I literally mean it.
The only reason which is enough is that beyond large scale companies, small scale businesses are least in
competition.
Contents [hide]
Busting Myths
The network marketing industry is prone to myths if you haven’t heard any of these then maybe you
require more detailed study for the network marketing sector. This sector has acquired its share of
rumors but bushing these are an important part that will help you to achieve a good perspective.
Busting Myths
Myth 1: Impossible to get rich through network Marketing
Personally, this myth is true and false for every kind of business and this is the thing I have felt even
when I started writing. You have no supernatural powers to know if any business can earn exactly how
much. So everyone gets this feeling that getting rich is not impossible but through such kinds of new
mechanisms like network marketing, it becomes difficult to accept.
Myth 7: It is not an opportunity for all but just for top management
Whenever you come to know about network marketing business the first reaction is just what we are
discussing here. It goes like this, “what will I earn, the entire money is earned by the owners”. Did you
think that owner has come for loss and your profit? Not at all, we all are here for profit. Your earning is
totally dependent on how much sales you create. But yeah! There is a charge for the services you take
from top management.
It is the way of looking at things differently. You got to understand the business world demands your
keen eye towards the small gaps. If you don’t think out of the box you are out of the box. Don’t let these
myths stop you from achieving your potential.
The direct joining in the large scale network marketing business is the best way to learn from the core.
First of all, understand the process to join the best of network marketing business world.
Modicare: ever heard of it? If not click on the name now and you can join there network marketing
chain. It is really easy and you will get to learn from the experienced sellers.
Oriflame: the biggest haul of India that provided jobs to various women. I myself use Oriflame products
that last for really long but being in the organization is kind of great.
Vestige: I found this network marketing business while searching for discounted products. It provides
great training and even online classes. Yes, you need this opportunity so why wait to grab it.
DXN India: Indian based firms are the best to learn about Indian customers. DXN gives you a great
experience to know about food culture and various food facts that are hidden. So if you are into the
food industry, this is your biggest shot.
There are tons of other businesses that you can directly join but I want you to know how these are
helpful. Sometimes we are doing above mentioned jobs but we don’t seriously learn the core concepts.
So here are some things to take care of.
The biggest rule that you should never forget is you are not working for money but for a good exposure.
You must know when to stop and take the next step. There is no good time to start but analyzing the
best time to move to the next stage is an art.
Expand your horizons, you are planning not just for a network marketing job. You are going to be an
entrepreneur so think like one. Learn about top management.
Don’t stick to one job, explore multiple jobs. Why? It helps to identify which market segment suits you.
Don’t worry, if you can’t explore each sector you have better ideas mentioned below.
Grow your roots, yes you may find your customer even at your workplace. No, you are not stealing
customers but just giving them better services.
Identify the Business Model
Did you think that network marketing was an easy chain that could be started anywhere? If not, you
must know the full-grown strategies so as to avoid major setbacks. And let me assure you that the major
setbacks are the outcomes of minor mistakes. So here are the true business models of network
marketing that are explained in simple terms.
Multi-Level Marketing or MLM: It is the biggest chain that you can form through network marketing with
huge numbers of underlying teams. This kind of business needs to come up with an incentive plan that
works for a different level of sellers.
Two-tier network marketing: the limited number of sellers can be hired. It is found in small scale
businesses. You will be required to get direct sales to your clients or get volume boosted on the website.
Single tier network marketing: it is a kind of job where you directly sign up to sell products of a
company. It has nothing to do with any distributors who work under you. You can even call it an affiliate
marketing program.
How to choose a network marketing business model?
For starters fixate your goal on which your company will want to work in the future. Ascertain the
demand of the industry and know the number of funds.
Select a business structure suitable available from a partnership firm, sole proprietorship, corporate
company, or a HUF.
Now, what will be the size of your company? Small scale, medium scale, or large scale.
If you figure each of the points mentioned above then you will get an obvious answer.
Attract Market Niche
The network marketing industry is certainly larger than you thought of. It has numerous products and
services with different variations. Knowing different sectors enables a closer look at their business. Let
us quickly know about the main sectors of network marketing.
Personal Care: The cosmetics industry is booming since the birth of beauty and will exist to the end of
time. The overflowing demand has not even left the network marketing industry. Even the best example
of Oriflame is mentioned above to start with. Here you must check the huge variety of products that are
never-ending.
Healthcare: The necessities of life will be found in every aspect of the business world rather than a
luxury. Healthcare products are largely demanded in India and network marketing is its good source.
Well, the good news is you don’t have a huge number of variations in the products so have a smooth
start.
Household Goods: yes, housewives demand a good collection of household products. This demand for
new styles has found household network marketing in existence. Tupperware has maintained a good
market share so as to be mentioned here.
IT Services: The reach of the internet is known to all and network marketing has given a source of
income to millions in the world through IT Services. A web hosting company is a popular form of the
network marketing company that is found in India.
E-Commerce Companies: what will you call Flipkart and myntra? Are they doing direct sales from their
manufacturing factories? Certainly not, these are the distributors of various manufacturers. It is known
as single-tier network marketing that is already booming now.
Various other market segments of the network marketing industry are yet undiscovered. If you have one
of those eyes to identify the gaps of society then you can tap on to the innovative segment of network
marketing. Also, the growing returns of network marketing are already looking towards new discoveries.
Top Management Requirements
Top Management Requirements
If you are serious about knowing how to start a network marketing business then start taking your
decisions wisely. There is a thin line between an expert and an overconfident guide. Here are the points
that will keep you in check at every step.
Create some specific positions for your company, you may know about some already such as an
accountant, a legal advisor, designated marketer, and some others.
Top-level management requires major experience in the network marketing industry and it should never
be compromised. At least 3-5 years of experience is compulsory.
Know about their goals for your company, the common question asked is where do you see yourself
within 5 years? If they are wanting to be with your company then it is a good start.
Get a complete background check, some of the experienced network marketers get easily inclined
towards money. It is a big no for them in your company.
Check the personality and characteristics by engaging them in group exercises and challenges. Also, it
will help you to know about their contribution to the company.
A good level of education is necessary for being in a network marketing company’s top management.
They should have a proper understanding of the market, especially your market.
Recruitment
Hiring top management was just a start that doesn’t end, now you require employees who do the
groundwork for the company. It is possible only with the help of experienced top management. The
main positions to be hired are;
Network Marketers
Advertising planners
Distributors
Product promoters
Manual workers
What makes the hiring process worthwhile? It is knowing what you are looking for in an employee? But
what is the most important part of the recruitment process is that you are not looking for an employee.
Confused? Let us learn below;
Hiring a network marketer calls for good marketing skills but is that it? Not at all, what if they are not
liked by your clients? You don’t want an exaggerating marketer. So yes there should be potential but no
need to overdo it.
Match your goals and employees’ goals, do they fit in there? If not let them know. You may find a good
position for those employees who has extra skills. Some individuals are good at motivating hence they
are really helpful on your team.
Learn about the spirit of employees, do they find happiness in what they do? Is it just a matter of
money? Do they really use what they sell? These things place them in a different column of employees.
If they tick right on these qualities then they should be hired.
A learning spirit in every employee is the most demandable aspect that can not be missed in a network
marketing company. Network marketers are continuously coached until they reach a point. Quick
learners are of great value here.
Where to find employees who match these skills?
Online websites: post a job at various online websites available just for you. Even free websites are
available to take advantage of. You will find various employees who are ready to learn.
YouTube: create a video for your company and post it on YouTube. The abundant following of YouTube
by millions of youngsters is a good way to reach out. While it is important to create an engaging video.
Networks: Being in the network marketing industry calls for good networks. Ask your networks to find
good employees and that will be easy enough if you just give them enough details of the job.
Emailing: your website will find a way to the email list and this will be the best road to good employees.
Don’t forget that employees are the foundation of network marketing so ensure these tips.
Training Period
The huge share of earning sources also goes to training courses available for network marketers. You
may provide free training to your employees but the same is chargeable to anyone who doesn’t join four
companies. Even some network marketing companies charge their employees to get online training.
Designing a training course starts with knowing about the time period of training. It depends on how
early you need an employee to start work. Even the first day an employee can start working with their
continuous training.
The next stage is dividing the training program into multiple levels so that the difficult part can be taught
after learning the basics. It will require proper strategies to recognize each area of training.
Hiring online tutors or recording online lectures in one go to provide an online training course. It will
demand investment in good teachers and technology so that recordings don’t get damaged over time.
Pricing each module of the training program and limiting its time period to learn. Different programs can
be charged differently according to their weightage.
Online distribution channels are to be organized for different kinds of software. These should be
compatible with any kind of browser and smartphone. You will require professionals to help while
designing an online course.
Also, your course should have copyright so as not to get copied by others. Or don’t give these courses on
different channels. A limited website can be maintained to learn these courses.
Compensation Plan
Compensation Plan
The most important thing to know about how to start a network marketing business is creating a
satisfying compensation plan. While choosing a compensation plan you have two options;
Marketing software: these are the tools that help the company to market the products easily without
applying high cost on employees and training. The software will do the work of website management,
Social sharing, email marketing, and much more.
Automation software: a hybrid software that is customized for the type of network marketing business.
You can buy it at your convenience. It will help to work on every aspect of the business from accounting
to marketing.
Customer relationship software: maintaining customer relations is the major of the network marketing
business. Recording the data of customers and using it effectively is the basic use of this software.
Sale software: The management of sales and the formation of new customers is recorded under this
software. It basically helps in accounting by keeping records of sales.
Order management software: purchasing is the short term for order management. A huge part of
network management is handled by this software. It is a necessary component of the network marketing
business.
You can easily buy software online by visiting here. It is important to choose software for your business
according to the need. It basically depends on the number of networks and sales. The variety of
products comes into the picture after considering the other two requirements.
Legal Plans
Network marketing comes under those businesses where you will get the least guidance about the laws
applicable. But this is not the case here. I am going to solve the most found legal query about network
marketing business.
The network marketing industry is governed by The Prize Chits And Money Circulation Schemes
(Banning) Act, 1978.
Gst registration: every network marketing must get a GST number to complete the liability of taxes
payable to the government of India.
Income tax: the person or the owner should follow the income tax ruler by applying for a pan card. The
pan card is a must rule to be followed.
A bank account is required to be under one nationalized bank. At least one. This account will be used for
official purposes.
Memorandum of Association should state the purpose and nature of business. It should be clear and the
same as followed by the company.
Sales incentives or the compensation plan should be mentioned by the company. These plans should be
clearly illustrated to the employees in their agreement oral or written.
The address of the company should be mentioned on the website and other official papers. The
presence of the name of the business is a crucial part of the rules of the government of India. It also
enhances the presence of the brand.
A grievance portal should be available for the customers. it is important to be in the network marketing
industry. The portal can be given on the website or a contact number.
Do’s and Don’ts of Network Marketing
Starting with do’s of network marketing
Find a product that you love; why? You can’t sell what you yourself don’t appreciate. As a matter of fact,
it is impossible to sell it. You need to find out that thing which is a need and your love. It is a kind of
meeting point with these two requirements.
Quality is the major focus that is generally ignored by network marketing companies. They often get
regular clients and the quality gets out of the picture. Without even realizing the shutdown point comes
and then they start by blaming as we mentioned the myths above.
Being ethical is the first need for a network marketing company that can get you ahead of the
competition drastically. Some of the small network marketing businesses are not following the ethical
requirements but those who do are looking at a great future.
The Target market is your whole market. Even if you start to step out of your targeted market, it will
require major thinking. Hence cover your targeted market in initial stages.
Let us learn about Don’ts of network marketing
Don’t over recruit, it means there is no need to recruit a large number of employees. Even the limited
group can build enough networks if given proper resources provided they have good skills.
Don’t force your friends and family, generally, you waste your time on those who are not interested. The
basic rule of business asks you to identify potential buyers and convince them. If you are just practicing
then it is fine.
Don’t stress out too much on the negative things, network marketing is the game of mind. You must
conquer your brain first in order to win others. Once you yourself are satisfied then you can fulfill others’
needs.
Conclusion
Do’s and Don'ts of Network Marketing
Reading until here? It means you have already started learning about how to start a network marketing
business. The first step mentioned in the article is the sole factor that will define your future of network
marketing career. If you are up for the hard work then start applying to all of those opportunities right
now.
Here is a tip# don’t stop at learning about network marketing, the industry is quite large. If you get stuck
anywhere comment us below.
Which part of the article did you like? Are you from the same industry? Have you heard about network
marketing before? Does the concept look appealing to you?
Halfmba.com has covered major queries if you want any query to be added; let us know in the
comments section below.
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Key Takeaways
Network marketing is a business model that relies on a network of independent distributors to sell a
product.
Multi-level marketing is a type of network marketing where the salespeople also earn money by
recruiting more salespeople.
To earn money with network marketing, you must commit time, money, and effort—possibly more than
you'd expect.
What Is Network Marketing?
Network marketing relies on individual distributors who market and sell a product to their network of
friends, relatives, and people they know or meet. The distributors make money through commissions on
the products they sell. Often, they're not employees of the company, but rather independent
contractors.
Distributors in network marketing businesses typically use three strategies to succeed: lead generation,
recruiting, and building and management.
Lead generation is the process of locating new customers and clients who may be interested in the
product. Recruiting is the process of adding customers and business partners to your network. And
building and management are the way you train, motivate, and manage your recruits.
Multi-Level Marketing
In some businesses, the distributors are also paid a commission for recruiting more distributors to sell
the product. The more people they recruit, the more money they can make.
The result is multiple tiers, or levels, of salespeople: the top, original tier (called "the upline"), and then
one or more tiers below them ("the downline"). Each new recruit might then also recruit additional
distributors, which would form that level's downline. This type of network marketing is called multi-level
marketing (MLM).
Some MLM programs allow you to make money five or more tiers deep. The top-level tiers make the
most money, because they receive commissions from all the tiers below them. It is difficult for the
newest recruits to make money.1
Note
A study published by the Consumer Awareness Institute noted that most of the commissions paid by
MLM companies go to a tiny portion of distributors, with 99% of recruits actually losing money on their
efforts.2
There are several reasons why it can be tough to make money with multi-level marketing.
First, the company may require you to buy its products, pay for training, or keep a certain amount of
inventory on hand. These costs often come before you can make your first sale, so you start out behind.
Then, the exciting bonuses or prizes the company offers are often only available to sellers who "pay to
play," by making incentivized purchases of a certain dollar amount. This inventory then has to be sold as
well if the salesperson is to make a profit. Sometimes these purchases are required if the seller wishes
to advance, and reselling is tough because the seller needs to mark the product above retail to recoup
their costs.
Finally, there are often operating expenses, such as computers, phones, internet access, and "training
tools" required by the company. These costs further erode the possibility of profit, requiring the seller to
meet such rigorous sales or recruiting goals that it's nearly impossible to get ahead.3
Not everyone who wants to sell something will be good at it. However, sincerity and genuine
enthusiasm about a company or product is a form of marketing in and of itself. If the only incentive to
the sales team is money, they may cut corners or mislead others in an attempt to earn more for
themselves. For network marketing to be successful, the salespeople must be sincerely enthusiastic
about the product as well.
Note
Take the time to research your state's laws regarding network marketing. Deceptive marketing practices
and pyramid schemes can land you in legal trouble if you are not careful.4
But there are two other, simpler modes of network marketing as well: single-tier network marketing and
two-tier network marketing.
In some online affiliate programs, you get paid for the traffic you drive to the affiliate's website. Pay-per-
click (PPC) and pay-per-lead (PPL) affiliate programs are other examples of single-tier networking.
Two-Tier Network Marketing
Unlike single-tier network marketing, two-tier network marketing does involve some recruiting, but your
pay isn't solely dependent on it. You get paid for direct sales (or traffic you drive to a website) and for
direct sales or referred traffic made by affiliates or distributors you recruit to work under you. An
example of a two-tier program is Ken Envoy's Site Sell.6
Frequently Asked Questions (FAQs)
Can you make money with network marketing?
Yes, it's possible to make money with network marketing. However, it's not easy. To be successful
typically requires a serious application of effort, time, and money. Casual salespeople will quickly find
themselves losing money.4
Want to read more content like this? Sign up for The Balance’s newsletter for daily insights, analysis, and
financial tips, all delivered straight to your inbox every morning!
SOURCES
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6 Ways to Improve Your Small Business
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How To Set Small Business Goals
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How To Implement Your Business Plan Objectives
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over the wares.
Pricing Strategies for Small Business
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phone showing her product, a coupon, her talking to someone, and some graphs. Text reads:
"Marketing tactics for small business: redesign your website; rent a booth at a trade show; advertise on
facebook; create coupons; hire a marketing consultant; conduct market research"
101 Small Business Marketing Ideas
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What Is Online Marketing?
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IDSA
How to Start Network Marketing business - For beginners Guide 2022
by
Gsant Bajaj (MLM)
•
May 20, 2022
0
Best carrier in MLM business - For beginners Guide 2022
If you are planning to join in Year 2022 a network marketing business, we will guide you here on how
you can join the Good network marketing industry and earn huge money and fulfill your dreams in a few
years.
Today people's Know this Big industry and discuss future business. Network marketing, Direct Selling
and Multi level marketing are similar names of a single industry but pyramid scheme,pongi and chain
system are not better than network marketing business.
Many people today are confused about mlm business and have many more questions in their minds but
we solve all your problems here and we guide you to stay step by step and handle your questions briefly
to choose the best MLM Company.
People say that only those people who have good luck are successful in the network marketing business,
I also believe what you have to say.
Today Many top mlm companies work on unique products based on the distributorship concept. People
sign up as agents and distributors for this company and promote company products and take
commission and promotion through company guidelines.
Know this industry in many names like direct selling business ,mlm and famous name network marketing
business.Amway, Herbalife nutrition,Vestige marketing and safeshop india is the most trusted and
respected network marketing in India who follow all the guidelines of IDSA.
What are Benefits of the network marketing industry?
There are many benefits of direct selling business to know about it in detail, I am going to tell you my
experience of 5 years, how I spent my time in direct selling for a long time and understood the depths of
this business. By the time I was engaged in this business, I used to hide its reality and power.
I still remember the day when my upline was guiding me in the beginning of this business, they told me
that today many people have become successful with this business and are fulfilling their dreams. After
seeing and understanding all these things, enthusiasm arose in me as well and I also started doing
business from the heart and I also got its parental results from today.
freedom of time
freedom of money
A Respected Person
Leadership development
A Good mentor
I can definitely say with 100% claim that 90% of people come to the network marketing business for only
two reasons, that is freedom of time and freedom of money whereas there can be many other reasons
to start this business.
After making the best choice of network marketing company, you need the following documents to join
the company, which is how:-
Referral code
Aadhar card
PAN card
Mobile number
Email ID
I hope that you must have understood completely that anyone can start in the network marketing
business, no special qualification is required while you can do this business and also part time.
Today, many network marketing companies are spreading very fast in other countries including India, it
has become very difficult to guess which direct selling company will provide you good business and
service for a long time.
I am not going to let you know such a truth, you will be shocked after knowing this, in fact most of the
people make many mistakes in the initial time in this business, its biggest mistake is to fall in the trap of
the wrong network marketing company without thinking. Or falling in the trap of wrong upline, which
can be very harmful for you, can harm both your money and time.
My aim is to guide and choose the right network marketing company for you, so I will tell you below
about some such network marketing companies which are spreading very fast in the market today and
starting it is not too risky.
Start your Carrier with Network Marketing business in 2022 - For beginners:-
Amway marketing
Vestige Marketing
Dxn business
Herbalife Nutrition
Safeshop india
Modicare business
Highrich Business
Pyaramid scheme
Huge opportunity
The rules of direct selling business are very strict, you are not going to get even ₹1 without selling the
company's products and services. If you understand directly, the company will give you money only
when you make money to the company.
According to network marketing, most people start a network marketing business when they do not
have both time and money. In such a situation, you cannot earn money from this business immediately,
for this business you will have to wait for a long time.
Yes, Direct Selling business has become a fully verified business in India so that it has been certified in
2016 in a press conference meeting. The company which has good products and services will be
considered as the best direct selling business.
What are the IDSA guidelines according to the mlm?
Keep an eye on companies like lottery schemes, ponzi schemes, pyramids and only money circulation
and immediately ban them on receipt of information so that it does not harm Indian revenue and
citizens. Click to read the full guideline.
Today there are many new companies that claim that they will give you money without working, so do
not join such companies because such companies bring their business for a limited time and collect huge
amounts of money and run away.
Today there are many types of mlm business which work in different ways like binary plan, matrix plan,
generation plan, square plan and crypto currency types mlm business available.
You can do all types of direct selling business part time. Today, most of the job people are doing part
time direct selling business and they have come to know that what is the difference between job and
business.
India Direct Selling Company Vestige, Safe Shop, Modi Care etc are good companies which are doing
their business in India for a long time, you can accept this company or it is a legal company.
Tags:
IDSA
Interview Q & A
Mlm FAQ
Network marketing :-Reviews
Gsant Bajaj (MLM)
Gsant Sir is Direct Selling Analyst with 5 Years Experience Through His Bussinesslegend.com. Feel free to
ask any kind of question, Gsant is a mlm Entrepreneur who only give information related to network
marketing. They love their Audience very much and keep on bringing new information related to
network marketing.
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Content on this site is solely based on our personal opinion.Do your own research before do any
investment.
Companies use a variety of strategies to increase sales. One strategy is network marketing, where a
company recruits independent representatives to sell products to their personal networks. If you or your
company wants to find new strategies for increasing sales, it may be helpful to consider if this sales
structure and employment method would work for you.
In this article, we define network marketing and provide a list of 17 network marketing tips for you to
consider.
It's important for companies to ensure that each representative places more of a focus on sales as
opposed to recruiting more representatives. People often make a small investment by buying company
products to then sell to their clients. This type of work often requires dedication, self-motivation and
strong sales skills. Professionals may also refer to network marketing as multi-level marketing or affiliate
marketing.
Related: What Is Network Marketing and Is It a Safe Investment?
3. Find a mentor
Most companies that use network marketing already have a system in place with many participants, so
you can choose a mentor. When you become a representative, consider asking an experienced network
marketing professional if they could mentor you. You can learn what strategies work for them, how to
best pitch the product and how the company operates. Learning from someone with more experience in
the field is a great way to develop professionally.
6. Be consistent
Network marketing requires people to be consistent. If you want to generate a profit in this field, it's
best to consistently reach out to potential clients. Consistency shows potential clients that you still use
the product, that your business is still available and that they can participate when they feel ready. You
can be consistent by following up with interested parties, posting regularly on social media or offering
deals to recurring clients.
9. Be authentic
Since network marketing requires interacting with your pre-existing network of connections, it's
important to be authentic. Remaining authentic can help your friends and acquaintances feel more
comfortable discussing a product with you. By incorporating authenticity into your business, you can
also implement unique elements into your marketing strategies that show your personality.
Share
About
Blog
My #1 Biz
Table of Contents
1. Listen To Your Mentor/Up Line
2. Identify Any Company Fast Start/Monthly Bonuses
3. Commit a Set Amount of Time
4. Set Daily Goals
5. Think Beyond Friends & Family
6. Find New Social Circles
7. Know Your Why
8. Know Your Target Audience
9. Master Social Media
10. Find Your Second Home
11. Keep A Full Schedule
12. SW, SW, SW, SWN?
13. Eat Sleep & Breathe Your Product
14. Duplication is Key
15. Pretend You Just Spent $100,000
16. Automate Any Part of The Business You Can
17. Be Elevator Pitch Ready
18. Plug Into OR Start a Weekend Training
19. Buy Leads
One More Thing....
19 Tips On How To Build a Network Marketing Business Quickly
August 15, 2020
0 Comments
Well, we took the time to create the absolute best list of tips that will help supercharge the growth of
your network marketing business faster than you can say Punch it, Chewie....
How do we know our list is the best? Because we’ve read what else the internet serves up for you on
this topic. And it sucks.
Below we're gonna give you the most helpful and actionable tips to growing your MLM business fast.
Whether you are new to network marketing or just trying to infuse some serious growth (and money)
into your mlm business, we've got what you need.
They will have likely mastered important techniques such as duplication, presenting, and closing new
reps for your team.
Even if what they say you should do sounds uncomfortable or unappealing, do it anyway. Trust their
process and the fact that they wouldn’t want to steer you wrong because they benefit from your success
as well.
Not only will you be putting effort into tried and true methods, but you’ll also be learning from their past
mistakes and how you can avoid them in your own business.
The company is able to generate more revenue, your up line gets benefit from your success, and of
course you are the main recipient of growing your own business.
To help motivate growth, most companies offer fast start bonuses for new reps as well as reoccurring
monthly bonus opportunities for everyone, usually tied to selling a certain volume of products or hitting
a new rank.
Whether you are new to your company or just looking for a way to revitalize your existing team, you
should take the time to understand what additional bonuses and incentives are up for grabs.
Sometimes these bonuses can get into the thousands and provide a great way to spark fast growth in
your business!
It means that even dedicating 1 or 2 hours every day will impact your business more than doing nothing
all week and then trying to cram 8 hours of growing your business into a Saturday.
Even if it may not seem like it, committing to and keeping a set amount of time you work on growing
your mlm business is a key pillar in developing your organization efficiently.
It’s easy to let that time kind of just slip by with “busy work”. Set specific goals of what you’re going to
do in those windows of focused time.
Set a target for every day that you want to hit. Some great ideas of what these goals could look like
would be:
Use these examples as ideas to set up your own. Maybe you are capable of setting daily goals much
more aggressive, or perhaps your work and personal life only allows for more conservative goals.
No matter what amount of time and resources at your disposal to pursue these daily goals, set ones that
stretch and challenge you.
Part of growing your network marketing business quickly is finding your way into new social circles and
connections.
Statistics clearly say that most of the people you start your mlm business with, won’t be there in a year.
Finding new people you didn’t know before is a crucial part to building your business fast.
Stop trying to fish in the same pond. Bring along the friends and family who do want to build the
business with you, then move on.
There are infinite growth opportunities for your business if you’re willing to get out there and network
to meet them!
New people equals new opportunities to grow your business. Here are some different ways you can do
this:
There are countless ways to find yourself meeting up with new people, you just have to get out there!
Be someone that other people want to be around.
At the end of the day, attraction marketing is unstoppable and that happens when you become the
leader your business needs.
Your why is the deep rooted reason for why you need your business to grow fast.
This is what you wake up for. This is what you work for. When your why is defined, you’re unstoppable.
It doesn’t matter how many “NO’s” you hear. You push onward.
Maybe you’re looking to financially retire a parent, or provide for your family in a way you’ve always
dreamed.
Whatever it is, when you know what your WHY is, it will create a never-ending source of motivation to
grow your business.
We realize this contradicts the widely popular “3 foot rule” that exists in MLM. Don’t get sucked into the
“everyone is a prospect” mentality.
Yes, you should always be prospecting, but think about what you’re doing if you want your efforts to pay
off quickly and efficiently.
What kind of individual is most likely to benefit from your company’s product or service?
If you are selling health supplements (good chance you are since health & wellness products make up
about 35% of the MLM industry), you should avoid trying to convince people to live a healthy lifestyle
and buy your products.
You should also consider the kind of demographic that you resemble. If you are a 38 year old
professional male with a family, your message and approach may not resonate with a 34 year old stay at
home mom.
You can, however, curate a pitch for dads who work all the time and don’t get to spend enough time
with their families.
9. Master Social Media
Social media can either help you build your business fast or burn it to the ground even faster.
If you’re looking to build quickly, observe how successful reps in your company use social media.
Don’t turn your profiles into a digital billboard for your business. You must retain your authenticity.
When you talk/post/go live on social media, focus on the way your business is impacting your life and
bettering your family.
People don’t want to hear about how you can help them make $1000 next month. Enough mlm reps are
already on social media pitching their business like that.
Most people are scared that they are just seen by reps as a way to make a quick buck and then they’re
left holding the bag. Reassure them that you want to connect and help them on a 1 on 1 level.
The “trenches” are where most successful mlm reps built their foundation.
The trenches are where you grind out back to back to back phone calls with prospects.
You follow up with leads. You meet with your team. You might even prospect strangers in-between all of
this.
The second home can be the local Starbucks, Panera, or wherever you set up your “mobile office” to
work.
Not only does this provide you a location free of distractions that you may find at home, but it also
doubles as a suitable location to hold meetings and even smaller presentations.
Aggressive builders will even take the time to scope out other mobile workers and approach these
strangers with a quick pitch!
11. Keep A Full Schedule
The last thing you want to be doing is wasting precious hours on your business inefficiently.
Keep a full schedule of what you should be working on during your devoted business building hours.
Focusing on never wasting time in your schedule ensures that every hour is put to good use.
Every effort is going towards team building and revenue generating activity - all things you want to have
happen for fast growth.
It means that some will join your business, and some wont. It doesn’t matter whether they do or don’t,
who or what is next on my list to accomplish?
Appreciate when new reps join your organization. Don’t pause or feel down when people tell you no.
Stay moving and focused on the next goal. Don’t get comfortable because that breeds complacency.
That being said, you should have no trouble at all becoming the biggest cheerleader of all for it.
If you are in the health and wellness vertical, take before and after photos if it has impacted your
weight, skin, or overall health. Become a case study of your own product and share the benefits you
have received using it.
Nothing tells the story of what you’re offering better than a customer testimonial video.
Never miss an opportunity on social media or in conversation to give props to how awesome your
product/service is.
True duplication happens when your effort and training into the individuals on your team can perform
and grow their own business just as good (or better than) as you.
This is the heart of why network marketing leaders focus so much on helping develop their team. They
know that if their downline is performing and growing on their own, they will reap those rewards in a
passive manner over time.
It also is simple math at the end of the day. You only have so many hours you can work, and only so
many people you can talk to during those hours.
This low fee to get started then tends to have an effect where the stakes to “make it work” aren’t really
there.
Avoid this pitfall and hold yourself to a higher standard in order to achieve fast growth.
Pretend that you just took out a $100,000 loan from your local bank to launch your company and that
first payment is due in 45 days.
What would you being doing today, tonight, or tomorrow? With that level of financial responsibility as a
business owner, you bet you’d be working your butt off!
Excuses like “It’s uncomfortable talking to people on the phone” doesn’t fly when the bank wants their
payment.
Look, only you can make the decision to take your business this seriously. They say if you treat it like a
hobby, it’ll pay you like a hobby. So treat it like a business!
What areas of your network marketing business can you become more efficient in and automate?
Every minute spared by leveraging automated processes is more time you can put into revenue
generating activities!
It doesn’t matter if you need to spend 10 minutes in front of the mirror every night before bed, practice
your elevator pitch.
Personalize the pitch, and learn how to tailor it to who is hearing it. Keep it around 30 seconds long.
Your objective should be piquing someones interest enough from what you just said to want to have a
more detailed conversation about it.
When you get asked what you do and your elevator pitch results in listeners wanting to know more
about it, you know you’ve got an elevator pitch that is ready to go.
It is also a phenomenal opportunity to bring new prospects to and show them that your business is not
just about money.
It brings together people from all walks of life and builds a community of support for them to succeed in.
Some mlm teams have weekend trainings so big that they rent entire halls to host the hundreds of
attendees. If yours does not have this level of atmosphere, make it a goal!
These kind of massive trainings are contagious environments to be in and will play a huge part in
growing your business quickly.
Pro Tip: Talk to high ranking reps in your up line and ask for them to come present at your weekend
training events. Once one commits to coming, push yourself and your team hard to get the attendance
as high as it can be. The end result will be worth the extra effort to turn it into a big event!
One way you can potentially expedite the growth of your business is with buying leads online for your
network marketing business.
We want to stress that your success can vary wildly by using this method and it shouldn’t be viewed as a
shortcut to the “organic” methods we have listed above.
Nevertheless, companies such as buymlmleads.com do offer the ability to buy leads. You can even filter
them based on certain demographics.
Cost can vary based on the amount of data the lead provides, such as contact number, email, name, and
additional personal data that fit the scope of what you’re looking for.
Keep in mind that while you may be able to take a “shortcut” in buying leads to find new people to talk
to about faster, the QUALITY of these leads will never compare to the warm ones you can create on your
own.
You also probably already knew some pretty alarming statistics like:
I’m gonna tell you exactly why we both made a decision to bet against the odds….
Because like me, you believed in yourself and what you are capable of.
you probably didn’t have several hundred thousand dollars lying around to open up the next McDonalds
money printing press franchise location in your city.
So we found ourselves stumbling into the world of network marketing all wide eyed and bushy tailed.
Maybe you made some decent bonus money and a little residual action like I did. Maybe not.
Inevitably, you found out the same thing I did. RARELY do we find that diamond in the rough who is
willing to go all in like we did.
No matter how many people we begged convinced to join our business, we just couldn’t quite get that
steamrolling momentum to happen that would catapult us to financial freedom.
The hard truth I had to face is at the end of the day, I STILL HAD TO RELY ON OTHER PEOPLE to make
significant money.
ENOUGH.
I wasn’t going to waste another day trying to convince someone to work as hard as I was willing to.
Call it fate or whatever you want, but I course corrected my path to financial freedom.
No autoships, no living room meetings, and no pitching family or friends. In case I’m not being clear, I’m
NOT talking about another MLM.
Stick with me for a second, cause I’m taking you somewhere you want to go…
What I am forever grateful that I found is something that keeps me in high demand and helps me truly
make a passive income.
There are literally COUNTLESS opportunities out there for generating leads for local small businesses. I’ll
show you exactly what I did and how you can too….
Below is a local lead generation site I own that produces customers wanting a quote for tree work. You
know trimming, removal, that kind of stuff either at their home or business. And yes, this ONE site
makes me $2000/mo every month...
SIMPLE.
I reached out to a local tree trimming company in the area who has never had his website produce a
single lead in his life and offered him 100% of everything my site produced. All phone calls, all quote
request forms, everything.
Guess how much of an issue he has paying me $2000 every month for hundreds of new customer
requests.
And I've done it several other times in other cities for other business owners, all of them still paying me
to this day. The beauty of this is you can do it in practically any service based industry...industries like:
Landscaping
Pressure Washing
Construction/Remodeling
Party Bus/Limos
Carpet Cleaning
Fencing
Roofing
You might be thinking, "Creative way to make money, sure, but I don't know the first thing about
websites or using Google like that.".
Once again, you would be just like I was a few years ago. I knew nothing about that stuff. Still don't know
a ton to be honest...
I found my way into local lead generation through what I confidently can tell you is the premiere
coaching system I have ever been a part of.
I was literally taught everything. I had the phone ringing for business owners in less than 90 days:
Not a single thing was left out or required me to jump through any special hoops to unlock the TRUE
secrets.
They showed me how to quickly build EASY websites and legitimately dumbed down the only
fundamentals that truly matter when ranking a website on Google, or SEO as some call it.
If your gears are spinning as fast as mine was when I first saw this, you probably have already figured
out some of those points above.
Want to check out the program that taught me everything I just explained? Click the button below:
Follow Me
Ippei Kanehara
Founder/CEO
Ippei.com is for digital hustlers, industry leaders and online business owners.
His #1 online business recommendation in 2023, is to build your own lead generation business.
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Sarah Robbins blog
5 “Firsts” How to Rock A Fast Start In Network Marketing
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Save
5 “Firsts” How to Rock A Fast Start In Network Marketing
Yesterday I had the pleasure of being asked to train on two team calls, as well as on my own team call. I
decided to choose a topic that I have recently been reflecting on–the power of a “fast start”–how to
start newbies strong!
After recruiting 10 new people personally last month, I really honed in on what the most important
things are to get new people into action—and how to keep them (and myself) from getting
overwhelmed, and get them off to a rockin start! Watch this quick video, then read below for an outline
(and language) to help start your newbies strong (and if you’re new, use these tips to start yourself
strong too!) =>
The core principals of what it takes to build big in network marketing are timeless and universal. Stick to
your system (which will include these tips)–I want to share with you 5 focuses within my system to help
newbies start strong! I call it my “5 Firsts” To Help Your “Rock Your Network Marketing Business”
Set an enrollment appointment to help them choose their getting started package, and enroll in your
monthly auto ship. Good leadership starts from the enrollment appointment. When you’re done, do a
website walkthrough together. Teach them how to place an order and where to find training. Get them
excited about starting the products, and have them take their “before” picture for before and after’s to
build belief with their prospects later on! (if applicable).
I send them a welcome email and give them homework that’s income producing. I tell them: Write
down every name you have in your Facebook, phone, and the memory jogger I send you, and write
down the people you want to share your new business with—and let’s set a time to talk about HOW
tomorrow!
We talk about their why—their immediate goals and any company goals they can go for. We then talk
about how to get there–which requires daily activity, and consistent activity of “exciting and inviting”
their prospects to learn more via call with me, coffee, or to their launch event or a team event. I tell
them– If you reach out to a few new people every day, you will build a big business over time. We then
discuss ideas of how to reach out to people on their list— I brainstorm with my newbies regularly “who
is your hottest prospect today, tell me about them, how can I help you reach out to them?”
You can email them language, and prospecting tips too. For example:
“I wanted to share some exciting news with you. I know you’ve built an incredible network in Chicago.
I’m not sure if I mentioned this, but I am building a business there and I immediately thought of you
because I know how well networked you are there. I’m hoping I could share more about what we’re
doing, and who we’re looking to partner with as we expand there, and see if this is a good fit for anyone
you know in the area. I’d love to pick your brains and get ideas of how to expand my business there. Do
you have just a few minutes so I can share more?”
Talk to people who provide you service (waiters, bank tellers, cashiers, etc)
“Thanks for your great service today! We are looking for people like you for our business! I know you are
working, but could we exchange information? I’d love to tell you more about what I do! What time are
you off of work so I can call?
Start with compliments—ask them questions about their family, where they work, etc. I like to
eventually ask: Where are you from? –This question will lead you into what I like to call your
“professional pick up line” later on. Keep conversing like the game of ping pong, and eventually say
how nice it was to meet them. Then ask: “Do you have a card? Earlier you mentioned you were from
<their city>. My business is expanding to <their city>. I would like to give you a call and take just a few
minutes to tell you what we’re doing there, and who we’re looking for and pick your brain. I’ve so
enjoyed talking to you—I’d love to reconnect and see if you can help me out.”
OR Use the “Sample pack approach”
When you’re out, give compliments, ask a lot of questions, and network! Have a normal conversation.
Before you leave: “I’ve loved chatting with you today and want to leave you a little gift. I wanted to
share some products with you that I am in love with! I know you’ll love them too. There are instructions
on how to use them. If you promise you will use them, I promise I will follow-up and stay in touch!
Today is Sunday. I will call you on Tuesday to see how you love them. What time works best for you?”
Exchange info, schedule a time to follow up, and FOLLOW UP!
Prospect on Facebook
“Hi Joanna! I realize this is out the blue…. hope you’re well! I know you live in Utah & that market is an
important area of growth for my business for multiple reasons. You may or may not have a personal
interest, but either way I would love to tell you who I am looking for in the hopes you might know
someone. Can you please shoot me your cell? I’m hoping you can help me & would love to catch up with
you if nothing else. (*personalize the conversation here*) Congrats on your darling son! 10-15 minutes is
all I need, as I’m sure that’s all you have time for as well right now. Thanks & I’ll drop you another
message later next week if I don’t hear from you first.” Thanks Amy B for this language!
Teach them to invite people on to a call or coffee with you – or to your next meeting or event!
I tell my newbies: Now, you need to start calling people, and scheduling calls and coffees with me. I will
present to them and help you to get new customers and consultants. Let’s talk again when you get your
kit. Text me when it’s here!
3) Their distributor kit is here! I have them text me the day they get their kit to announce their business
formally and to plan the official launch of their business! Doors are officially open! I tell them: When you
get your kit, take a cool picture of you with it. If you have kids or a family, make it fun and do it together!
There’s a cool app that allows you to put some fun text on it called “Rhonna” (iPhone app store). You
can say something that creates intrigue such as “mommas got a brand new business!” Announce your
new business on Facebook, and be sure in the post to include a link to your website “check it out here
(link)”! When people “like” the post, or “comment” on it, you know they see it! Message them in their
inbox and say “thank you for supporting my business! I saw you comment on my post, and it meant the
world to me. Do you have some time that I could share more with you? I’m looking to expand my
business and would love your ideas, support, and referrals! What’s a good time and number to reach
you?
I’ll announce them on my personal page a few days following, using the same picture, and tagging them
to get them more visibility that week.
If they are local, I will do the event, so not much prep is needed besides setting up! If they are long
distance, I will do the presentation via skype! I just did 2 of these for new out of state personal recruits
yesterday. It was simple. I skyped into their event. They have their computer hooked up to their TV via
HDMI cord so everyone could see me, along with loud speakers so everyone could hear me. I held up
the products while giving the presentation about the business and products. They closed the event by
making product suggestions, taking orders, and asking guests if they saw anything about the business
that intrigued them—and if so, they scheduled a 3-way call with me.
To keep the momentum going, I tell them after that they can always ask friends to host events for them,
to get in front of a lot of people at once! Say: “My business is building in your area. I would love to meet
new people. Would you host an event for me? I‘m happy to give you free product as a thank you!” This
is a great way to grow a customer base fast!
4) I make sure they continue to keep posting, keep calling , keep inviting.
Keep reaching out to a few NEW people every day with the ideas I shared! Set up calls, coffees, events
with me! Keep doing events! I will stay in touch regularly your first month to ask you about your
progress, ask you who your hottest prospects are and help you close them, and help plan your events.
You keep recruiting, and be available for their “income producing activity”!
You can create your own fun experiences for your team too, as it grows! This creates culture, which is
the “glue” that holds your team together. The friendships are what keep people in the business when
there are distractions in life. Set up parties, barbecues, quarterly recognition events, team get-togethers
at conventions, or retreats.! A team who plays together, stays together!
As your team grows, so will your leadership. It’s important that you decide today what kind of leader
you want to be, and what kind of culture you create for your team. Always remember, whatever you do
will duplicate, starting today! Create the culture that you desire and your team deserves.
“LIKE” what you learned? Please give me a “virtual thumbs up” by liking, and don’t forget to “share”
with your team (straight from this source, as this is copyrighted material) on your favorite social site!
Sharing ROCKS and so do you! Rock on, rock stars!
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You are not entirely wrong in suspecting fraud if the promise of high returns on a small investment is
overstated. But what you should also understand is that it is possible to execute successful network
marketing business ideas out of low investments and generate a good amount of money, given that you
have put in the right amount of hard work and dedication, with proper planning and following guidelines
from authorities.
Making sales and cultivating a committed customer base are paramount in network marketing. It is
essential not to lose sight of the primary objective, which is selling products and services to customers
while recruiting and building a downline of distributors. Focusing on what your customers want and
developing solid partnerships with them will bring in repeat business and commissions. Your passive
income will grow in tandem with your sales and customer base.
Starting out as a distributor by joining an MLM company is a common first step for many who eventually
go on to launch their own firm. The commissions they earn from their expanding downline will provide a
continuous stream of money as they work toward funding the business's launch. The extensive network
they have cultivated over time makes it simple for them to launch a new venture since they can easily
find the first set of customers through their existing network of distributors. This gives the company a
tremendous head start.
But if you're confident that your MLM business ideas can stand out from the established and thriving
MLM companies, then there's no reason to hold back. However, before you launch your new direct
selling business, it's crucial to keep these guidelines in mind to avoid common pitfalls.
3. Boundless freedom
The importance of this particular aspect of network marketing is often overlooked. Generating a
substantial income does not necessarily require working tirelessly all day or being confined to the office
for the entire week. Network marketing allows you to make a good living without compromising your
freedom to set your own hours, work from your couch, and associate with whomever you prefer. To
those in search of a fulfilling profession, this business model's emphasis on both financial independence
and work-life balance makes it an appealing choice. Being able to make money this way without
experiencing any negative emotions is a sign of true enjoyment.
5. Easy entry
You don't need a four-year degree for success in network marketing. With a solid product and the
confidence to build a network of like-minded individuals, you can create a thriving network marketing
business. The fact that network marketing can be initiated with a small investment removes the entry
barrier for anyone interested in the field. There is a minimal requirement for domain knowledge, which
can be easily acquired through online reading. However, keep in mind that only the initial steps are
simple; to build a successful business, you must be consistent and diligent.
3. Slow expansion
While network marketing offers great earning prospects, establishing a strong foundation for your
business can take time. Finding the right people who can provide your business with the initial
momentum is a crucial yet time-consuming task. Rushing through this step can end up with a foundation
that can't support the weight of your business. Convincing people about your products and services is
another challenge that can take time. However, having a solid blueprint for your business can
significantly reduce the time taken for expansion. By mindfully planning and executing your strategy,
you can set your business up for long-term success.
4. Overhead costs
It's important to keep in mind the costs that may or may not yield immediate returns, as your
professional network grows and develops. For example, training new team members, whether offline or
online, requires expenses for venue, training materials, and more. Even after training, there is a risk of
losing team members who lose interest in the business, leading to a loss of the training expenses.
Additionally, maintaining an inventory can also lead to overhead costs. Fortunately, there are platforms
that support customer acquisition, offer distributor training suite, and other advanced tools to assist and
mentor your team. Utilizing these tools can help you manage your team more efficiently and minimize
potential costs.
Rest assured, we won't be suggesting the typical long-running health and wellness or cosmetic products
businesses that everyone in this industry seems to be peddling. Instead, we have curated a list of unique
and unexplored business ideas from various fields where there's still a lot of ground to cover. You can
choose any of these based on your past experiences and interests.
So, without further ado, let's explore some exciting possibilities for network marketing business ideas
with low investment.
Pet products
The annual spending on pet supplies is in the billions, making the pet industry a lucrative business. The
American Pet Products Association estimates that consumers spent a whopping $136.8 billion on pet
supplies in just the year 2022, which is a very significant sum of money. By utilizing network marketing,
you have the opportunity to offer a diverse range of pet supplies, such as food, supplements, grooming
supplies, and beyond, to a broad audience.
The market for pet supplies is sizable, and you have the opportunity to carve out a portion of it. Finding
your first customers shouldn't be too difficult, given that many areas have a sizable pet owner
population. You can also increase your exposure and gain new customers by participating in regional pet
shows and other similar events. Since many people have a deep and abiding love for their pets, finding
distributors shouldn't be a problem either. You can win over customers and earn their continued
patronage by consistently delivering superior goods and services.
To implement direct sales travel and tourism, you can sell tour packages, vacation packages, and related
services such as hotel bookings and flights. There aren't a lot of industries like this one, where you can
draw customers from all over the globe. You can offer cashback discounts, premium hotel perks, and
discounted flight bookings as incentives for successful referrals to the business. Furthermore, you can
provide them with exclusive membership plans at various levels that provide benefits such as early
access to deals and personalized travel recommendations.
Art
Art comes in all shapes and forms, from traditional paintings to the latest NFT masterpieces. Its
versatility means that the possibilities for experimentation are endless.
Network marketing allows you to sell digital and non-digital artwork to customers in both online and
offline settings. Because art posts on social media typically garner a significant number of likes and
comments, you can leverage this fact to your advantage as a potent instrument for expanding the scope
of your reach. You can collaborate with other artists, host art exhibitions, and try various strategies to
enhance your art's exposure. Furthermore, if you put your imagination to work, you can provide various
art forms to various clientele, inspiring them to spend more money and allowing you to advance to tiers
where you can sell works in fashionable genres. Offering art classes is another way to attract art-loving
people who may become customers down the road.
Personal development
Training your mind in the same way that people used to train their bodies at the gym is becoming
increasingly important in this age where brain power matters more than physical capabilities. Keeping
up with the world today requires you to have a mind that can match its increasing level of competence.
That's why courses devoted to self-improvement are continually growing in popularity. A personal
development service offers a diverse range of training on valuable skills such as mindfulness, critical
thinking, leadership qualities, and much more.
Many aspiring business owners are on the lookout for mentorship from seasoned executives. Corporate
workers who are overworked are concerned about maintaining their mental health. The market is ripe
with possibilities like these, and by utilizing network marketing strategies, your company can capitalize
on more of them. By utilizing social media to distribute free content that showcases the value of your
service, you can successfully attract a wider audience. This initial step can help you acquire your first
customers, and as you continue to establish yourself, you can incentivize them to refer to new
businesses by providing them with exclusive deals, early access to your content, personalized
consultations, and more.
Legal services
The legal services industry has great potential for exponential growth, despite its relatively smaller
market size compared to other industries. With the help of network marketing, you can achieve success
in this field if you have a passion for it and deep domain knowledge.
You can offer various legal services such as real estate planning, insurance claims, and family law. To
attract your initial customers, you can start by sharing educational content related to law on social
media. This can help you expand your business through networking. Having collaborative relationships
with other businesses in your industry, such as those in the domains of insurance and real estate,
additionally helps you in broadening your customer base. You can incentivize members by rewarding
them based on how much business they bring in. You can offer unique benefits such as fully-paid trips
and special bonuses for achieving beyond their target.
Key takeaways
These are just a few of the many fantastic ways to launch your direct selling business. It will be much
simpler to build a successful business if you pick MLM ideas and concepts that play to your strengths
and interests. This will help you to stay passionate about the business and can make it easier to both
establish the company and stay motivated.
Thorough market research can be highly helpful for figuring out the demand and supply for the product
or service that you plan on selling. This will allow you to narrow down to the finest item or service to sell
and market it in a way that draws in the most customers.
A low-cost network marketing investment does not imply that there will be no costs. Depending on the
size and domain of the business you plan to start, there will be initial investments required such as
inventory and paid advertisements. Budgeting and keeping track of your spending helps you control
your finances and make smart decisions.
Remember that social media will be your best friend in getting your business on its feet and will be the
most inexpensive and straightforward means to reach out to more people. Similarly, your business's use
case should guide your selection of a suitable network marketing plan. This is also fundamental when
you start an MLM business. You can stay on track and see what lies ahead for your business if you create
a detailed marketing strategy and establish reasonable deadlines for reaching profitability.
Finally, you should always put your customers' needs first and make networking your top priority.
Investing time and energy into cultivating lasting connections with your customer base will yield
dividends for your company in the long run.
Highlights
Develop network marketing business ideas
Perks of starting a network marketing business
Challenges in network marketing
Top network marketing business ideas
Key takeaways
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With the economy in a recession making unemployment reach the highest since the 1920's; curiosity in
creating an income online is on the rise. Many people have decided to seize the opportunity of earning
their living by Network Marketing. Despite age, situation, or location, Network Marketing allows
everyone to be a celebrity.
Introducing your business is not hard once you know what to do. Without proper knowledge failure may
occur. In order to introduce your business successfully, follow the next four steps to get you on your way
to a triumphant introduction!
1. Share your personal story -By sharing your story, tell prospective customers what led to the beginning
of your business. Some people may have the same or similar situation, while others may not. Either way,
if your story is written well, anyone will connect to your story. Remember, your goal is to catch the
attention of people and compose a way for them to relate to you.
2. Be Brief - Providing too much information is a major error that many people make. When you met
your special someone for the first time, did you disclose everything at that very moment? No, you gave
him or her just enough information to spark that interest and keep them hanging and coming back for
more.
3. Ask Simple Questions - The basic initial question is often, "Are you interested in my business?" There
will be either a "yes" or a "no" received; when you receive a "yes", you have permission to ask another
simple question. A successful introduction, only takes approximately 10 minutes. Provide that
information when asking "Would you like to complete that now or schedule for a later time?" Asking
short "yes" or "no" answers through the introduction allows the potential customer to back out at
anytime, providing you with only interested people.
4. Schedule time to speak - Making following up calls gives the interested customer a sense of
importance and a live person is on the other end of the computer.
5. Create an easy Duplication Process for People to follow. Brainstorming ideas with what works and
what does not is going to save you time and money!
6. Do your research on your demographic and what is pulling the most results now! If you do Keyword
Research, along with seeing what is viral out on the internet, if you follow success, you in turn will be
successful in whatever business venture you promote.
In closing, using the preceding four basic steps, you will shortly witness an increase in your traffic. Bear
in mind that you need to put forth a genuine effort in following the four steps or the introduction will
fail. Following these four basic steps will guarantee success when structuring your Network Marketing
Business online.
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Five Steps to Restart (Jumpstart) Your Network Marketing Home Business
Gig EconomyNetwork MarketingPersonal DevelopmentProfitSuccess Jul 21, 2021 0 Comments
You’ve been away from your network marketing home business for a while and you now want to restart.
You have some concerns but really want to make it work this time.
Michael is a no-frills guy. As one of the most knowledgeable home business mentors in the United States
earning good money at home, he makes complex ideas simple.
He's a self-proclaimed nerd in health & fitness, mindset, and earning money.
His health-seeking customers enjoy getting results of weight loss, better athletic performance, and more
energy.
Michael Lantz, a former sought out top CPA who specialized in business and income tax, is now a
million-dollar earner in teamwork marketing* and regularly trains distributors on the simple methods to
succeed. He has a large teamwork success tribe approaching 16,000 distributors and customers. He
started building his tribe in 2010 when he left the CPA profession.
He is a Certified John Maxwell Team Speaker and Coach. He is a graduate of Bo Eason Personal Story
Power and Warrior Mastermind (get a free guide from Bo for visiting his site).
He is also an accomplished Ironman triathlete and is currently pursuing a World Championship in his age
group in the Hawaii Ironman.
Many people start off to build a network marketing (although I prefer to refer to it more appropriately
as Teamwork Marketing) team only to walk away. Perhaps you even quit and said you'd never do that
again but now really want to succeed.
For all the many reasons there are that people walk away, there are as many reasons for people to want
to come back.
I entered network marketing in February of 2006 and only dabbled in the business side of it until 2010
after the 2009 bad economy did a number on my CPA/Investment Advisory business. I began to build a
team and like so many starting out, I made a ton of mistakes. But to my credit, I never quit.
In 2015 my income had hit multiple 6-figures. In 2019 I was recognized as our company's 297th
millionaire (cumulative earnings *). However nice that was, the wheels were already coming off.
In 2016 I entered a phase of my life that pulled me away from the business to overcome some serious
family problems and for me to heal and recover from a lifetime addiction. While I felt I was still a part of
the business and would still gain an occasional recruit, the team was starting to falter and my income
took a nosedive and bottomed out in 2020.
In the mid part of COVID 2020, I began to reengage with the business. But perhaps like you may be
feeling, I was scared, uncertain, and really didn't know what to do. What generated the first million,
wouldn't work again partly because the FACEBOOK algorithm changed that allowed me an easy supply
of leads, but I too through my recovery had changed.
I'm in full network marketing mode now and these five steps are a big part of my restart.
In order to succeed in network marketing, you have to have a passion for where it is you are wanting it
to go. Perhaps it is because of some of these reasons:
Generally, that desire is linked to one or more of the bullet points I've outlined above. This is why this
step is so important.
The passion and desire you have to succeed is the single factor that will pull you past the hard spots in
your network marketing business, and I'll guarantee you'll have them. Perhaps a key reason you walked
away before was you didn't link the reason you wanted to embark on network marketing to your
passionate desires. Perhaps you didn't have the success you were expecting and were overcome with
resistance.
For me, network marketing links me to my God-given purpose for my creation. And honestly, I didn't
discover that the first time around. I only discovered my "Why" during my healing and recovery.
My Why
I help people and couples to live a dream life by not quitting so that they achieve freedom and
wellbeing.
Take a step back and do a self-assessment of why you stepped away in the first place. Being aware is a
principle of success because it's like a mariners compass telling the captain that he or she is off course.
Being aware allows you to make course corrections.
Perhaps you discover that you allowed yourself to become distracted and you took your eye off the
prize. Like many, perhaps you succumbed to "expectation" and believed that you "should" have had
better results. This led you to become frustrated. Now you understand that expectation is the enemy.
One of the biggest reasons is that you lost belief in your ability to make its network marketing home
business work.
In this step, you become aware of the reasons you left and you
ELIMINATE
them from your life. If you were driving on the freeway going to visit loved ones and one of your tires is
losing air and now it's slowing you down. You would eliminate the reason for losing air so that when you
put new air in the tire it would hold. If you want to succeed in your business you'll focus perhaps as
much time on eliminating challenges as you do adding resources to help you succeed.
Goals are one thing but they are not as powerful as a declaration.
A declaration is a statement of who you are and what you're going to become. Its power is in leading all
aspects of your life toward its end.
For example, the Founding Fathers of our Country create The Declaration of Independence. It outlined
how Americans were to live. That document created 245 years ago in 1776 set the stage for the
American way of life. All Americans to this day live based on that one declaration.
Your declaration will set the stage for how you live your life.
It has to be concrete and without any uncertainty of your path. It needs to contain two key phrases, the
words "best" and "in the world." For example, the declarations I have are;
The most resistance you'll face in your business is right from the beginning. Everyone who has ever
achieved success has faced it too. Resistance is fed by fear. It has stopped many great people from ever
getting started. Perhaps it was the reason you stopped in the first place. It's so uncomfortable you
walked away because of the pain and struggle.
In the video, I used the analogy of an airplane taking off. The Earth's gravity is a big force keeping the
plane on the ground. Pilots know this and to create the lift they need they have to give the plane about
85% throttle to break free of this resistance and get the plane into cruising altitude.
Action is the great equalizer in all success. It is what separates achievement from being mediocre.
I believe the number one difference between a person that achieves success and all others, is the
successful person
But there are two kinds of stress; the kind that is harmful and the kind that is beneficial. The beneficial
stress is called eustress.
Athletes and high achievers understand this and create eustress and struggle in order to achieve. An
athlete puts their body in very uncomfortable situations that are controlled and timed. Their body then
adapts to the struggle and gets stronger, faster, and bigger.
Your success in network marketing is paramount on your ability to work through the struggle and
overcome it and like an athlete, you become stronger, better, and a bigger person.
There is one other very important truth about struggle; it confirms the path you're on is right. Another
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Grow, Build & Scale Your Network Marketing Business with Digital Marketing
Category: Digital Marketing
Launch yourself into the e-commerce game, but a strong groundwork has to be laid in terms of
overseeing production, quality control, inventory management, and more.
Affiliate marketing is a no-brainer if you are already a brand-in-itself or know how to generate traffic
online. Ultimately, your income is dependent on you and you alone, as it involves less teamwork.
Becoming a freelancer is a good option. However, when you stop working, your paychecks stop coming
too.
Network Marketing has again become the buzzword in the pandemic. It is one of the better ways for
your business to generate a passive stream of revenue.
We are sure “Amway” strikes you first when you hear the word ‘Network marketing’. How often have
you heard (and used) the directive “make your customers your marketers”?
“Just because Multi-Level Marketing businesses come pre-made with a product or service, a plan, and
support, doesn’t mean it will run itself.”
Fellow Marketer.
With the digital revolution in business, Network Marketing has become a better version of itself in the
sense that influencers today share each other’s domain strengths, contacts, and businesses more
effectively.
Digital Marketing has the potential to complement all the three objectives of Network Marketing via
appropriate platforms. We find many finance industry influencers drive network marketing with evolving
social media and digital modes.
And so a new marketing terminology is now synthesized which is, Digital Network Marketing or Network
Marketing 2.0.
Create a website.
Optimize the website with SEO.
Target intended audience using PPC & Content marketing.
Create ‘responsible’ awareness with Social media marketing.
Catch up with the latest marketing trends using Video marketing.
Depersonalise email marketing.
The rules of engagement are also changed such that:
Facebook sometimes denies MLM or company-specific ads. It might be time to get creative with HOW
responsibly you use social media to prospect and include others in your network.
News reports read that TikTok just became the first major platform to ban multilevel marketing
companies recruiting on its platform.
It might be time to refocus on the fundamentals of inviting, presenting, and training so that you set a
good example for your team to follow.
Here’s an interesting read from Neil Patel’s blog on why should you de-personalize your marketing in
2021?
It might be time to lean into your natural personality and brand, instead of trying to “become” like
someone, thinking that is the key to selling (it isn’t).
Practical Table of Comparison
Alejandro Chabán or Tony Robbins, or Eric Worre, all their programs involve a direct selling component,
explaining how technology can be a vehicle for positive change within the world of MLM – both for
direct sellers and for business owners.
Sellers are constrained to conducting their business around other people’s schedules. As buying and
selling are done on the internet, sellers are presented with unparalleled flexibility.
Market Size
Probably limited to selling in your town or around your neighbourhood. The most obvious advantage
that technology offers the world of MLM is its nearly unlimited geographical scope.
Training MLM programs required their sellers to attend expensive in-person workshops – or
simply dropped off a bunch of products at sellers’ homes and let them to their own devices. MLM
companies can utilize cutting-edge technology like webinars and live streams to provide sellers with free
or inexpensive skill-building materials – which they can attend from the comfort of their own homes.
Wrapping Up
The direct selling industry in the retail market is now at $108.5 billion USD in 2021 with “Wellness” being
the largest product category.
Indeed, Multi-Level Marketing (MLM) has gone way beyond small-town college group parties. In the
digital age, MLM presents sellers with more tools than ever to set their business on the path to success.
If you are thinking of starting a business that will rely on multi-level marketing of any kind, be sure you
have a solid marketing team at the very core of your organization. Consulting a digital agency like
ColorWhistle can set your MLM business on the path to the digital revolution by effective use of the
website to generate traffic online & build custom marketing plans.
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Let's Talk
Article by
Wallstreetmojo Team
Reviewed by
Dheeraj Vaidya, CFA, FRM
Network Marketing Meaning
Network marketing or multi-level marketing refers to a business model which constitutes a network of
people earning directly from sales commission depending on the quantity they sell. It’s a flexible
approach that allows people to work online. It evolved as a strategy that adds salespersons to a
marketing network.
Table of contents
Network Marketing Meaning
Network Marketing Explained
Types
Example
Benefits
Frequently Asked Questions (FAQs)
Recommended Articles
Key Takeaways
Network marketing strategy works by adding more people to a business, marketing a product, and
generating sales. The people are paid a commission depending on the quantity they sell.
Common types include single-tier, two-tier, and multi-tier marketing. Of this, single-tier marketing is
considered more authentic.
Some notable network marketing companies are Amway, Tupperware, Avon Products, etc.
The applications of social media in marketing are not new. Similarly, social network marketing is a
strategy gaining prominence. The salespersons market the product to their online connections.
Network Marketing Explained
Network marketing businesses usually begin with a core sales team. These people specialize in sales.
Next, the team adds another tier of salespeople enthusiastic about the product or sales prospects. The
second tier recruits the third tier, and this goes on. Finally, the salespeople earn commission by the
number of items they can sell.
But what makes this marketing strategy interesting is that the top-tier salespersons who recruit another
tier will get a share of others’ commission. For example, consider a company that sells skincare
products. The core sales team consists of A, B, and C. They recruit D, E, and F, who hire G, H, and I,
respectively. A earns a commission on the sales made by her. She also earns a part of the commission on
sales made by D, G, and the others hired by her recruits.
With the COVID-19 pandemic-induced lockdowns, there has been a rise in such marketing strategies.
Since people were confined to their homes, looking to make money, with the internet being a huge
relief, social network marketing grew. It encouraged using social media tools like posts and
stories/statuses to advertise certain products to the salespersons’ contacts.
However, this led to an exponential increase in network marketing scams. By recognizing the potential
for such gig works, many businesses exploited the people looking for jobs by making them pay upfront
for training materials. Their objective is to earn money from people in the name of a business. Thus, the
pyramid schemes focus not on customers but on workers who become the bait.
Types
There are mainly three types of multi-level marketing. Let’s look at each in detail.
Single-tier marketing – This is considered the most authentic type of marketing, where people earn
based on direct commission. They are not often required to recruit another tier of people. Affiliate
marketing strategies like Pay-Per-Click (PPC), Pay-Per-Lead (PPL), Pay-Per-Acquisition (PPA), etc., are
followed in this.
Two-tier marketing – In this approach, the salespersons earn direct sales commissions. However, they
also earn indirect commissions or incentives to recruit other tiers. Earning indirect commission is more
often restricted to two tiers of salespeople.
Multi-tier marketing – This method has more than two tiers of salespeople. They can earn direct and
indirect commissions up to five to six tiers. Some companies provide top-tier salespersons with
incentives as long as their tier of recruits grows.
Since two-tier and multi-tier marketing provides incentives for recruiting people, it might be considered
a pyramid scheme or less genuine.
Example of Network Marketing
The United States Federal Trade Commission (FTC) noted the proliferation of network marketing
businesses during the COVID-19 pandemic. With rising concerns about the common public becoming
prey to pyramid schemes, the agency, in February 2022, decided to introduce regulations allowing it to
track the unlawful gains by such companies and appropriate this money.
Benefits
Decently established network marketing brings together people who are enthusiastic about sales. So
rather than just being a salesperson or a representative, they can act as an affiliate. It is a secondary
source of income for many people and allows them to work online flexibly.
From a company’s perspective, it only needs to pay those who contribute to sales instead of having to
pay fixed salaries or wages. Thus, it is a gain for businesses. They need not pay additional benefits to the
employees, as the salespersons are not actual employees of the business. This reduces the company’s
time and effort it puts into the recruitment process.
Another advantage of multi-level marketing is that it supplies quality products in demand – organic,
natural, vegan, and sustainable. Most such businesses focus on bio-based products in cosmetics,
skincare, health supplements, etc.
Recommended Articles
This article is a guide to Network Marketing and its meaning. Here, we explain its types, benefits, and an
example. You can also go through our recommended articles on corporate finance –
Multilevel Marketing
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Home » Investment Banking Resources » Investment Banking Basics » Network Marketing
Network Marketing
Article by
Wallstreetmojo Team
Reviewed by
Dheeraj Vaidya, CFA, FRM
Network Marketing Meaning
Network marketing or multi-level marketing refers to a business model which constitutes a network of
people earning directly from sales commission depending on the quantity they sell. It’s a flexible
approach that allows people to work online. It evolved as a strategy that adds salespersons to a
marketing network.
Table of contents
Network Marketing Meaning
Network Marketing Explained
Types
Example
Benefits
Frequently Asked Questions (FAQs)
Recommended Articles
Key Takeaways
Network marketing strategy works by adding more people to a business, marketing a product, and
generating sales. The people are paid a commission depending on the quantity they sell.
Common types include single-tier, two-tier, and multi-tier marketing. Of this, single-tier marketing is
considered more authentic.
Some notable network marketing companies are Amway, Tupperware, Avon Products, etc.
The applications of social media in marketing are not new. Similarly, social network marketing is a
strategy gaining prominence. The salespersons market the product to their online connections.
Network Marketing Explained
Network marketing businesses usually begin with a core sales team. These people specialize in sales.
Next, the team adds another tier of salespeople enthusiastic about the product or sales prospects. The
second tier recruits the third tier, and this goes on. Finally, the salespeople earn commission by the
number of items they can sell.
But what makes this marketing strategy interesting is that the top-tier salespersons who recruit another
tier will get a share of others’ commission. For example, consider a company that sells skincare
products. The core sales team consists of A, B, and C. They recruit D, E, and F, who hire G, H, and I,
respectively. A earns a commission on the sales made by her. She also earns a part of the commission on
sales made by D, G, and the others hired by her recruits.
With the COVID-19 pandemic-induced lockdowns, there has been a rise in such marketing strategies.
Since people were confined to their homes, looking to make money, with the internet being a huge
relief, social network marketing grew. It encouraged using social media tools like posts and
stories/statuses to advertise certain products to the salespersons’ contacts.
However, this led to an exponential increase in network marketing scams. By recognizing the potential
for such gig works, many businesses exploited the people looking for jobs by making them pay upfront
for training materials. Their objective is to earn money from people in the name of a business. Thus, the
pyramid schemes focus not on customers but on workers who become the bait.
Types
There are mainly three types of multi-level marketing. Let’s look at each in detail.
Single-tier marketing – This is considered the most authentic type of marketing, where people earn
based on direct commission. They are not often required to recruit another tier of people. Affiliate
marketing strategies like Pay-Per-Click (PPC), Pay-Per-Lead (PPL), Pay-Per-Acquisition (PPA), etc., are
followed in this.
Two-tier marketing – In this approach, the salespersons earn direct sales commissions. However, they
also earn indirect commissions or incentives to recruit other tiers. Earning indirect commission is more
often restricted to two tiers of salespeople.
Multi-tier marketing – This method has more than two tiers of salespeople. They can earn direct and
indirect commissions up to five to six tiers. Some companies provide top-tier salespersons with
incentives as long as their tier of recruits grows.
Since two-tier and multi-tier marketing provides incentives for recruiting people, it might be considered
a pyramid scheme or less genuine.
Benefits
Decently established network marketing brings together people who are enthusiastic about sales. So
rather than just being a salesperson or a representative, they can act as an affiliate. It is a secondary
source of income for many people and allows them to work online flexibly.
From a company’s perspective, it only needs to pay those who contribute to sales instead of having to
pay fixed salaries or wages. Thus, it is a gain for businesses. They need not pay additional benefits to the
employees, as the salespersons are not actual employees of the business. This reduces the company’s
time and effort it puts into the recruitment process.
Another advantage of multi-level marketing is that it supplies quality products in demand – organic,
natural, vegan, and sustainable. Most such businesses focus on bio-based products in cosmetics,
skincare, health supplements, etc.
Multilevel Marketing
Marketing Plan
Business Strategy
Reader Interactions
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
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MLM COMPANY REGISTRATION
MLM Company Registration
By Mayashree Acharya
|
|
6 min read
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MLM (Multi-Level Marketing) company is a promotional marketing strategy in which a salesperson sells
the services or products for a specific MLM business and recruits new sales promoters to further sales of
services or products. The company salesman aims not only to sell the product but also to get more
people to carry on and continue the chain of selling the product further.
The profits of the initial salesperson continuously grow as the chain grows. It is also known as network
marketing, multi-level marketing, matrix marketing, etc. A manufacturer or a trading company with
some unique and exclusive services or products to market and willing to tap worldwide customers
without setting up expensive showrooms or shops can start an MLM company.
A scheme through which an organiser builds a pyramid structure that initiates with one person
representing the tip of the pyramid, also known as the pyramid scheme, is banned in India. It covers the
Monopolies and Restrictive Trade Practices Act, 1969.
It should not be a money circulation scheme banned under the Prize Chit and Money Circulation
Schemes (Banning) Act, 1978.
Government Guidelines for MLM Companies in India
The government has issued guidelines to regulate the sale of services and goods outside of retail
establishments, also known as ‘Direct Selling (Multi-Level Marketing)’ and protect consumers who
purchase services or goods from direct sellers.
The MLM companies need to fulfil the following conditions for permissible direct selling under the
government guidelines:
File Now
Should be a direct selling entity, having Income Tax, TDS (Tax Deduction at Source), Goods and Service
Tax (GST) number and other required licenses as per the law or regulations of the principal place of
business of the company.
Should have a bank account with a nationalised bank.
The company Memorandum of Association (MOA) should clearly mention the nature of business.
Pay sales incentive at the decided rate within the agreed period.
Should display identification numbers and names of their authorised direct sellers on the official
websites.
Must have a consumer grievance cell ensuring redressal of consumer grievances within seven days from
the date of making complaints.
The website should provide space to register consumer complaints hassle-free.
The government guidelines prohibit the following activities by an MLM company:
An MLM company should comply with all the applicable statutory formalities of the Central and State
Governments, including taxation laws, Shops and Establishments Act, trade licenses, Legal Metrology
Act, custom duty law, Consumer Protection Act and sector-specific laws.
An MLM company should apply for the IDSA (Indian Direct Selling Association) membership. The IDSA is
not a government body but a private body set up by Amway India. The IDSA is trying to govern all the
problems of the direct selling companies in India and stop illegal and unethical MLM companies and
multi-level network marketing business practices that destroy the MLM business route.
An MLM company should apply for service tax, VAT (Value Added Tax), TAN (Tax Deduction Account
Number), and all necessary licenses and registrations required to manufacture and sell its products. It
should submit the list of products it wants to promote and the compensation plan during the
registration.
Certificate issued by Registrar of Companies, MOA, Articles of Association and Management and
Operations Memorandum (MOM).
Copies of Director Identification Number (DIN) of directors, Taxpayer Identification Number (TIN),
Permanent Account Number (PAN) and TAN
Certificate of GST Registration and copies of GST Returns filed with the authority.
Copies of the IT Returns of the company filed with the authority.
Tax Deducted at Source (TDS) Statements of direct sellers and the respective challans paid.
Copy of the latest profit and loss account, balance sheet and reports of the auditors.
Records of the Know Your Direct Sellers (KYDS) and Know Your Customer (KYC) formats should be
available on the company website.
Disclaimer: The materials provided herein are solely for information purposes. No attorney-client
relationship is created when you access or use the site or the materials. The information presented on
this site does not constitute legal or professional advice and should not be relied upon for such purposes
or used as a substitute for legal advice from an attorney licensed in your state.
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MLM Company Registration Laws in India
Government Guidelines for MLM Companies in India
Registration of MLM Company in India
Documents Required to be Maintained by MLM Company
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Are you considering joining a network marketing company? There are certain things you should consider
about the company and yourself before. Check out this post to read more.
When you are thinking about joining a network marketing company, there are a number of factors to
consider. Just like with any job, you need to research the company, find out details relating to the job
description and assessing your own skills as a match.
The fantastic news is that network marketing is open to everyone and anyone can learn the skills to be
successful. However, I am going to go against the majority and say that not everyone WILL become
successful or SHOULD join for that matter.
I think many people misunderstand the industry and treat it as a ‘hobby’ not a business. It is absolutely
fine to treat it as a hobby and join a network marketing company for your own discount on products.
But, don’t then expect to be earning $10,000 a month if you aren’t willing to work for it.
If you are looking to run a successful business through a trusted network marketing, not only is it
important to treat network marketing as a business, you also need to ensure your sponsor is as
transparent as possible when it comes to telling you about their company.
I have heard stories where some people have been misled with incorrect information when they have
discussed joining someone’s team within network marketing. It isn’t always intentional, some sponsors
might not know the information themselves, but there have been occasions when sponsors have
exaggerated their own personal income and not being truthful about the effort needing to be put in.
It isn’t until an individual has signed up and read documentation themselves that they realise their
sponsor might not have been 100% honest. This is NOT something that every network marketer does
but I am here, to be honest, and tell you that it can happen and to be aware of it.
Related Post: Read more about my story and how my sponsor introduced me to Network Marketing.
This post may contain affiliate links. These are products or services that I have personally used and
recommend. If you choose to make a purchase using one of my links, this will not cost you any more but
I may receive a small commission, which helps towards my kid’s love for baking biscuits! (and my love
for eating them!!)
This is why I have put together a list of things to consider about yourself AND information you absolutely
MUST find out from the beginning before you think about joining a network marketing company.
Time
Dedication
Network Marketing Company
Products
Compensation Plan
Support
About you
Time
Yes, network marketing is fantastic in that it isn’t your standard 9-5 job, you can choose your own hours
and be flexible with when and how often you work. However, if you truly are serious about building a
successful network marketing business, you need to invest an appropriate amount of time.
Think about it with any industry, such as say I wanted to become a Chef. I would need to learn about
ingredients, how to use knives correctly, hygiene and this is all before I have even started to learn how
to cook! It would take dedication, time and consistency to learn everything I could about this trade and
put it into practice BEFORE I could become a professional Chef.
The same principles apply when you think about network marketing. It is a professional trade. Yet the
great difference when compared to other professions, you have the opportunity to learn on to go. You
already have your business and can earn money WHILST you learn.
Dedication
This point relates to the above in that network marketing isn’t a skill you learn overnight. With any
profession, if you want to become a professional you need to dedicate yourself and devote time and
effort. For example, athletes, Doctors, Pilots and Teachers all work hard and consistently to learn their
profession.
Eric Worre, a top leader within the field of Network Marketing with over 25 years of experience,
explains a formula many network marketers work towards with their business, the 1/3/5/7 formula. He
states that it can take around 1 year to become competent in network marketing and 3 years of part-
time consistent effort to go full time. Within 5 years of consistent effort, you can become a six-figure
earner and in 7 years, you then become an expert. (more details can be found in his book, Go Pro: 7
Steps to Becoming a Network Marketing Professional.)
This point is to show you that it really is possible to reach the top level within your network marketing
company if you are dedicated to putting in consistent time and effort in developing yourself as a person,
your skillset and actioning your training.
It doesn’t mean you have to put in 12 hour days, 7 days a week, hell no! But it does mean you need to
commit, show up and take action.
Ensure to turn up at your companies training sessions, whether this is weekly online calls or monthly in-
person events. Follow in your sponsors’ footsteps, with them leading by example and keep in touch with
them and the activity they are doing. Most importantly, be open to being teachable and willing to listen
to those where you aim to be and learn from them.
So it is definitely worth looking at how long the company has been around for, ensuring they have a
good reputation and are a trusted company. You also need to consider what they are selling and
whether these are high-quality products.
Whatever product a network marketing company has to offer needs to be consumable. Simply put, this
just means that once your products are used, your customers will buy them again. For example, say you
sell shampoo. Your customers use the shampoo to wash their hair and once it runs out, they will need to
buy it from you again.
This is a pretty important point to consider. A network marketing company will collapse if people do not
have a need for the products they are selling. Using the above example, everyone who has hair needs
shampoo to wash and maintain hygiene. So there will be a continuous market to sell this product to.
Though not quite as important, but I think worth mentioning, you need to consider how BIG you want to
grow your business.
Is the company just based within your home country or are their opportunities to grow your business on
a global level?
Many successful companies have grown substantially and have launched into countries around the
world. This then enables network marketers to grow their own business globally within these countries.
For example, if your company is in America, the UK and Australia, you would be able to build your
business with customers and clients within all three of these countries. With the growth of social media
and easy access to the internet, many network marketers are doing just that, growing their business
globally through social media.
Products
I have already touched base with products in the above point. Just to reiterate, you really need to be
fully informed about the products you would be required to sell as part of your network marketing
business. A large proportion of your earnings as a network marketer are through product sales. Ask
yourself if the products are consumable, high-quality and if there is a market for them?
An area that people don’t consider is how the products will be sold. Each network marketing company
has their own method. Some involve buying and storing stock to sell, others require you to go door to
door with catalogues and many are sold online via your own online shop link provided by the company.
This is a pretty big factor you need to consider.
I personally, would never sign a company that requires you to bulk buy and store stock to sell. I just
don’t have space and do not want to be tied down to one particular area. However, I know of an
extremely successful network marketer who does just that and makes a couple of £1000 a month. You
really need to think about how you would like to run your business and that will help you choose the
right company for you.
Another point is that it really is ok if you don’t like a product your company sells. If your company sells
500 different products, nobody expects you to have tried and like every single one of them.
But you need to be genuine and honest to your customers if you have or haven’t used a product and
your personal experiences. There is no point even joining a company if you don’t like what you would be
selling, you’ll just grow to resent it.
Compensation Plan
Every network marketing company should have a detailed compensation plan. This will clearly outline
every single promotional level they offer, what you need to do to reach each level, your own discounts,
how much you need to personally purchase each month and any additional bonuses on offer. Make sure
you read this through with a fine-tooth comb.
You need to know what you are signing up for if it is realistic and clearly laid out.
Within the company, each consultant should be given an equal opportunity from the onset to achieve
each promotional level. The only difference being, in the consult’s efforts NOT in the opportunity
presented to them. Finding all of this information out will also help to ensure the information your
sponsor is telling you is accurate and up to date.
Support
When you start any new job, it can feel overwhelming learning new skills, background about the
company, tasks to complete and meetings to attend. Network marketing is just the same and it is really
important that you start your business alongside someone who will hold your hand every step of the
way in the beginning.
Your sponsor should be your guide, teaching you how to do things, where to find information on your
companies website and who to contact in case or order issues etc. Just a note though, your sponsor is
not there to do it for you. It is your business to grow as quickly or slowly as you choose. But your
sponsor will be there to support your growth in any way they can.
You also need to be aware of if your company provides any additional support to help your business. Do
they host any local training sessions or information evenings? Where can you find their ingredients
policy? Are there any materials to help you with social media such as images or training on what to say
to prospective clients and customers? Your sponsor will be able to show you where to find these details
initially but it is worth asking before you sign up to a company.
Some network marketing companies also have a head office within each country they are trading in. This
is fantastic if your company has one. Even better, ask your sponsor if there is a dedicated support team
for network marketers to contact relating to any order issues/information.
For example, what happens if an order is delayed or part of a customers order is missing? All these finer
details need straightening out and answering to help you make an informed decision. If your sponsor
does not know the answer to a question, that’s ok but give them time to find out and come back to you.
These are a couple of factors I would really love for you to take into consideration before you join a
network marketing company. This list is not extensive but provides clear points that I consider important
to think about. Choosing the right network marketing company for you can really make all the difference
between loving and hating network marketing.
Working within network marketing is fantastic, there are so many benefits, especially the opportunities
to grow a successful business and grow yourself.
Are you considering joining a network marketing company? Comment below your questions about
network marketing.
Related Posts
7 Benefits to Joining a Network Marketing Company
Top Tips from Network Marketers to help you Grow YOUR Business
2 Comments
MAC-FRANCIS
MAC-FRANCIS on January 7, 2022 at 8:58 pm
This is great information though it’s my first time coming across your blog thanks for the information.
Reply
Bella Wiley
Bella Wiley on July 15, 2022 at 4:16 am
I liked it when you said how you should have a guide instructing you on how to do things, where to find
details on your corporation’s website, and who to reach in case or order an issue.
My partner and I are looking to join a networking business offered to us by our friend that will
commence next week; I’m glad I came across this article and learned what to consider when joining the
company.
I will share this with my partner and see how this can help us decide who and when to contact a
networking service before joining.
Reply
Submit a Comment
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Social Media right now is one of the most valuable marketing assets for any brand, and it’s especially
true for small businesses and entrepreneurs.
It’s easily accessible, millions of people are using it on a daily basis, and, without using paid advertising,
it’s a free way to market your business.
But the question I hear most often from network marketers isn’t whether or not to use social media, it’s
how to use it effectively in order to grow their MLM business.
In order to answer this question in detail, let’s first take a look at the benefits of using social media and a
closer look at each platform.
There are affiliate links used on this page. If you use any of the following links to make a purchase, I may
earn a small commission at no additional cost to you. I do not make any recommendations for products
which I have not personally had a positive experience using. Read my full affiliate disclosure here.
In a nutshell, utilizing social media for your MLM business provides you with access to a much larger
audience than say if you were to attend a face to face event.
Millions of people use social media on a daily basis. They look for answers to their problems, ways to
make money online, family-friendly recipes, eco-friendly products, and more.
Each social media platform can help you to grow your network marketing business, but not each
platform should be used in the same way.
For example, if you are a Beach body coach and focus on supporting mums to get fit from home, you
probably aren’t going to find your ideal audience hangs out on LinkedIn. It’s more likely that your
audience, mums at home, spend their social media time on Facebook or Instagram.
So, it would be most worth your time sharing your recipes, healthy tips, and live exercises on these two
platforms.
In order to know which platform (s) will work best for your niche, you need to start with who your ideal
audience is.
Let’s discuss the different social media channels and their place in Network Marketing:
Facebook
The most evergreen social media platform, and still the most popular. Facebook works with almost
every target audience. Your customer is probably on it, so is her mother and grandmother and her
husband and uncles.
If you have a wide audience group, then focus on Facebook. I usually suggest starting with Facebook,
and then expanding to other social media channels as you grow.
Create and grow a Facebook group to interact and engage with your audience more personally.
Join other Facebook groups where your audience is, and interact with them, answering their questions
and growing your authority.
Grow your friend’s list. People watch your MLM journey from behind the scenes. You never know who is
silently watching. If they are on your friend’s list, seeing your growth and gaining more exposure to your
business, they then have an easy way to reach out to you if they are interested in the future.
Related Post: Facebook Strategies to Grow your Network Marketing Business
Twitter
Twitter is a social media platform that is dominated by males. There are two males for every female on
the platform, and the average age of these users is between 30-50 years.
So, if your target audience is males between the age of 30-50, then Twitter’s the place you should be on.
Instagram
Instagram is definitely one of the most popular social media networks and it seems to be growing. It’s
one of the best platforms for organic growth, meaning you don’t have to invest in ads.
Instagram has a higher female userbase, and most of them are between the ages of 18-34 years. So if
you are aiming to reach a younger female audience, then get active on Instagram.
Pinterest
Pinterest is my personal favourite. Even though technically it is more similar to Google as a pictorial
search engine, I’m still going to include it in this list as it’s incredibly valuable.
70% of the users on Pinterest are women, and the majority of these are below the age of 40.
People come to Pinterest for ideas and inspiration. So if you’re going to use Pinterest, fuel their
imagination. If you’re selling a skincare brand, post about skincare regime and tips.
Many network marketers shy away from Pinterest because it isn’t quite like other social media
platforms. Don’t worry it’s not so difficult, and I end up having so much fun on Pinterest. I’ve done a
detailed post on how you can grow on Pinterest.
Snap Chat
Snap Chats for the younger audience. Most Snap Chat users are between the age of 12-24. Females
dominate the platform more than men.
Snapchat can be a good idea if you are always on it, and know how to navigate through it. Even if you
aren’t, you’ll be happy to know it isn’t as saturated as the rest of the social media platforms. There’s a
great chance you’ll make it big on Snapchat if you get in and start generating good, useful content. Even
silly would do, if it’s entertaining to your target audience.
TikTok
Yes, I’ve put TikTok in here. Hear me out before you discard it off.
Tik Tok isn’t something most businesses consider as a marketing platform. And that’s exactly why it’s
best for network marketing. Get your users to interact with you on an informal platform. Engage with
them and build a connection. Selling will come easier after that.
Top Tips to Grow Your Network Marketing Business Using Social Media
When it comes to social media, most of us are often using at least one social media channel on a daily
basis. We know how it works mostly, don’t we?
But, there is a distinct difference in using social media as a hobby compared with trying to grow your
business.
Make sure to read and review the following top tips which will help you to use social media
professionally in order to grow your network marketing business.
That’s because a picture of you looks more personal. People relate more with people than with brands.
It makes them think the brand is being used by people like them.
Another reason I suggest putting up your own picture is that when promoting a network marketing
business, you should always always brand yourself.
So, if for instance, you were to leave the company or the company goes out of business, you don’t have
to start from scratch with your next MLM brand. Also, you can add more brands to your business. You
could branch into skincare from fitness easily if you keep it about you and not just the brand.
Don’t Spam
MLMs get a bad name because of just that. And it doesn’t work. Put yourself in the same position. When
someone keeps posting or messaging you to join their team, it gets annoying after a time.
Sending DMs to people who messaged you once to just get to know you.
Tagging everyone on your friend list whenever you post.
Auto DMs. They look impersonal and get annoying with time.
Share everything on your personal profile. Not everyone on your personal profile is your target
audience. And when you target anyone and everyone, you look spammy.
If you have been in the network marketing business for some time, you already know how that works.
Attraction marketing is basically making your brand so attractive that your customers come to you. You
don’t have to go running after them.
Even though the cheerleader wasn’t selling anything, girls were still buying it. She was attracting people
with her lifestyle, and her choices.
My point is don’t push your product. Show them a lifestyle they will aspire for.
Build Curiosity
This is one tip that most network marketers are not following, and it can be your ticket to big growth on
social media.
Here’s my biggest secret tip: Never mention the name of your network marketing brand on social media.
Don’t do it.
What you should do instead is build up curiosity. Post about results and feedback. Post tips and reviews.
Humour them. Inform them.
That’s when your customer will come to you. You don’t even have to go to the customer.
Start A Relationship
Have you ever made a friend on social media?
If you haven’t, then start now. Start making new friends. Start expanding your network, because you are
eventually going to market your brand to that same network.
Start by making your profile public. Make it easier for people to become your friends. Now choose a
group, and post a question. Something that’s easy for people to answer and get the dialogue going.
When asking questions, try to make them relevant to your industry and niche. Or to your audience.
When people respond to those messages, reply. Start a dialogue. Make friends. Add those people to
your friend list.
Understand that people won’t buy from you the minute they see you. Research shows that most of your
customers will come to you after at least 3 contacts with you on any social media platform.
A quick important reminder to make here, you are not just adding friends so that you can immediately
spam them with your products and why they should join your team.
The idea of adding new friends to your friend’s list is just that, to build new connections and make new
friends.
People do not want to be contacted on social media just for you to immediately sell them your products.
They want to make a connection with you, have an honest conversation.
But, whilst they are on your friend’s list, they can then see your lifestyle, what it is you are doing, and
how you are helping others.
It goes a long way if you build a genuine connection with someone, rather than use them as your next
potential team member.
Adding people and immediately trying to make a sale with them is an outdated and quite frankly, an
appalling tactic many MLM companies used to teach.
What to Post
If you haven’t created a posting strategy before, you might be confused about what should I post on my
social media as a network marketer.
Informative Posts
Think of something that will provide informative value to your followers. Keep it relevant to your MLM
industry. For instance, if you are selling protein powder, you can compare how one glass of the protein
shake compares with a meal or a shake from say, Starbucks.
Humour Posts
Who doesn’t love a bit of humour in their life? Humour posts generate a lot of interest. You can share a
short video clip of a stand-up comedy of something that will relate to your audience.
Tips
We are always looking for tips to make our lives easier, right? Think of the life hack videos you have
watched, and even tried.
Give tips relevant to your industry. Give them recipes. Find out what problems they are having with your
product and try to solve it for them.
It shows them that the results are possible. And those reviews go a long way to convince your customer
to buy from you.
Giveaways
Giveaways are a great way to increase your following also. It’s also a great way to get your products out
in the market and get honest feedback about them.
Get your followers to add new people to the page by hosting these giveaways. Give them something
worthwhile, and don’t make them jump through too many hoops to get to the prize. For most people,
tagging ten friends and liking all your social media pages to get a gift card of your MLM company is
probably not worth it.
And when you host a giveaway, offer your best products. You want your winner to love the product, and
promote you genuinely amongst her friends and family.
Don’t Be Everywhere
You’ll spread yourself thin. Think of 1 or 2 social media platforms that suit you and most importantly
your audience, and stay on these platforms.
Many network marketers make the mistake of opening accounts on all social media platforms in their
excitement. And once that excitement dies down, so does all activity on most of those accounts.
And when activity stops, people assume that you aren’t in business any longer.
Say, for instance, your audience is active on Instagram. She hears about you from a friend or in a group
and then tries to search for you. Then she sees you aren’t posting any longer and has less than 10 posts,
what do you think her impression about you and your brand will be?
I know it’s not going to be impressive enough to get her to buy from you.
So, keep that impression and focus your energies on one social media platform. This will give you time to
focus on your business as well.
Also, your competition is your inspiration. See what content is working for them, and adopt the same on
your social media.
I hope this article will give you fresh ideas and tips on how to grow a network marketing business on
social media.
For more top tips on using social media to help you grow your MLM business, check out these posts:
Top Tips from Network Marketers to help you Grow YOUR Business
1 Comment
sanjay
sanjay on July 25, 2022 at 2:06 pm
Thanks for this amazing information
Reply
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Hey, thanks for stopping by! I'm Caite, the face behind this blog. I'm an independent online teacher,
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independent online teachers, just like you, to improve, grow, and succeed with your online business.
You'll find lots of support helping you take your online teaching business to the next level. Make sure to
connect with me on socials and pop me a message to say hi! Happy Teaching x
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Home Career 10 Best Tips to Achieve Network Marketing Success
10 Best Tips to Achieve Network Marketing Success
By Tian C - Updated: March 23, 2019
1 494440
10 Best Tips to Achieve Network Marketing Success
In this Article
10 Powerful Tips to Succeed in Network Marketing
Network marketing is more popularly called ‘Pyramid Marketing’ and it’s a concept where you run your
own agency, sell products, grow, and recruit more members along the way. You even train them and
take a tiny commission. The dream of every network marketer is to get full-time benefits from part-time
work and although we’re not saying it’s impossible, it does take work.
4. Invest in a Mentor
Investing in a mentor is a big YES. You want someone who has been there, done that and is still growing.
Why? Because when you’re first starting out, there are a lot of things you’ll have to figure out. Mentors
know that and they also know what it takes to cut through the clutter and get stuff done. It’s like
achieving 80% results with 20% productive and focused effort. Want that? Get a mentor.
8. Do Your Research
When you’re getting into network marketing, you have to make sure you sell products you are
absolutely passionate about. Tie up with brands who have similar interests as you and do your research
such as looking into the company’s compensation schemes.
9. Be Real
When you’re marketing your products or services, make sure you be real and stay real. Be genuine to
your customers about what you’re offering and never oversell. Nothing turns away people from you
when you advertise flashily or look desperate. Explain the pros and cons, show the good and the bad,
and let people decide.
Yes, you’ll be making a cut from the profits but it’s only after they succeed. The more they succeed, the
more you win and the reality is, you’re actually helping them get off the ground and running miles.
Making those sales through network marketing is doable but only if you do it right. Take note of these
above tips, use them to the fullest, and you’ll surely see results. And lastly, make sure to constantly keep
learning and keep up with the trends. Learn from others’ mistakes and try innovative ways of
entertaining and generating new leads. You want your marketing efforts not only to yield rewards but
also to be fun.
Also Read:
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How to get more leads for FREE
How to build a successful MLM business in 8 simple steps
March 10, 2019 Ross Crawford
Building a business of any kind is tough, and a lot can be learnt through experience, but what if you
could learn from others who have ‘been there and done it’? Here, we take our learnings from several
successful network marketers and summarise them into 8 simple tips to building a successful MLM
business.
1. JOIN A COMPANY WITH PRODUCTS/SERVICES YOU WILL USE, AND YOU BELIEVE IN
When most people see a network marketing business opportunity for the first time, it’s the first time
they have been introduced to the MLM industry. With the MLM industry offering significant income
potential and the offer of freedom, it’s easy for people to focus on those and believe that the company
first exposing them to the industry is the right company for them. It’s rare for a person to go and
research other companies in the industry to find the one that offers the products or services it most
believes it, but this research will pay off as you will find it much easier sharing products/services and a
business opportunity that you are genuinely passionate about.
3. SHARE YOUR PRODUCTS/SERVICES AND BUSINESS OPPORTUNITY EVERY DAY WITHOUT FAIL
This is an obvious one, but it’s extremely common for business owners to focus on either their
product/services or the business opportunity and forget about the other. But, to grow large successful
MLM business, you need to focus on both, and that means talking about them EVERY DAY!
4. BE GENUINE
Don’t be one of the reasons the industry gets a bad name; be sincere and genuine in everything you do;
your approach, the information you give and your personal experiences and results. False claims or
exaggerations of any kind will not help you, your business or the industry.
Hopefully, you’ve found these 8 tips for building a successful network marketing business useful. Please
feel free to share them with your friends.
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LawArticles Guidelines for starting an MLM Business in India MOHIT SALUJA| Corporate Law - Articles|
Download PDF 18 Feb 2018 82,125 Views 55 comments CS Mohit Saluja Page Contents What is Multi-
Level Marketing Company (MLM Company)? Why It Is Called Direct Selling Why Indian Laws Against
MLM Companies Government guidelines for MLM companies in India Basic MLM Guidelines by the
Governments are as follows: What is Multi-Level Marketing Company (MLM Company)? MLM (Multi-
level marketing company) is a marketing promotional strategy in which a sales person sells the products
or services for particular MLM business and recruits new sales promoters under his/ her downline to
further sales of products and services. this is a system of marketing in which a hierarchal pattern is
followed where The sales promoters are organized in a pyramid structure. The aim of salesman is just
not to sell the product, but also to lure some more people to carry on the chain of selling the product
further, and the chain goes on and on. Here the profits of the initial salesperson continuously increase as
the chain grows on. This is also known as multi-level marketing, network marketing, matrix marketing,
etc. Why It Is Called Direct Selling Direct Selling is an alternate form of distributing products and
services. Instead of using traditional distribution channel (manufacturer – distributor – wholesaler –
retailer – consumer), Direct Selling companies sell their products and services directly to consumers.
That is why it is called ‘Direct Selling’. When these consumers or customers like their products and
services, naturally they start sharing it with others. Direct Selling companies pay you when people buy
their products and services from your recommendation. But the awesomeness doesn’t stop there, you
are given an option to build a team of distributors (generally consisting of happy consumers
recommended by you and those you recommend and those they recommend and so on…). Contrary to
common misconception, you are not paid to recruit people, you are paid depending on the total sales
volume generated by your entire team. Instead of spending money on traditional advertisements &
other marketing methods, Direct Selling companies rewards their consumers turned distributors for
their word of mouth advertisement effort. Unfortunately, most people are unaware of the clear
definition of this industry, and frequently confuse it with pyramid schemes recruiting people to earn
money. ADVERTISEMENT Ads by How to Start MLM Business To start a new MLM company you need to
register the company under the specific Act of your country law and follow the guidelines of the law and
also discuss with your Company Secretary for certification and other formalities. Decide the products or
services you want to sale and choose the best MLM compensation plan as per your business strategy.
There are various types of MLM plan in MLM business industry like Forced Matrix, Binary Plan,
Australian Binary, Stair-Step Plan, Uni-Level Plan, Generation Plan, Board MLM Plan etc. Why Indian
Laws Against MLM Companies There is a law made for regulating chit fund and money circulations in
India which is “The Prize Chits And Money Circulation Schemes (Banning) Act, 1978”. This ACT is Made
TO BAN THE PROMOTION OR CONDUCT OF PRIZE CHITS AND MONEY CIRCULATION According to this
law money circulation scheme means any scheme, by whatever name called, for the making of quick or
easy money, or for the receipt of any money or valuable thing as the consideration for a promise to pay
money, on any event or contingency relative or applicable to the enrolment of members into the
scheme, whether or not such money or thing is derived from the entrance money of the members of
such scheme or periodical subscriptions Government guidelines for MLM companies in India To
regulate the sale of goods and services outside of retail establishments otherwise known as “Direct
Selling (Multi Level Marketing)” and to provide for protection of consumers who purchase goods and
services from direct sellers, following guidelines are issued with the approval of the Competent
Authority. These guidelines have come into force from the date of publication in official Gazette and will
remain in force till an appropriate legislation is enacted for the said purpose. Basic MLM Guidelines by
the Governments are as follows: 1. Definitions:- Direct Selling: Means marketing or sales of goods
directly to the end user consumer using word of mouth publicity, display and/or demonstrations of the
goods/products, and/or distribution of pamphlets. Explanation: Companies can open pick up points and
delivery points for maintaining effective delivery system. Direct Selling Entity: Means a business entity as
recognized by law for the time being in force including but not limited to a Company duly incorporated
under the Indian Companies Act, a registered Partnership Firm constituted under the Indian Partnership
Act. Direct Seller: Means a person who is authorized by the Direct Selling Entity to engage into the
business of Direct Selling. Consumer: An individual who buys goods or services for personal use and not
for manufacture or resale and shall have the same meaning as provided under the Consumer Protection
Act. 1986. Goods/products: Goods/Products shall have the same meaning as defined in the Sale of
Goods Act and section 3(26) of the General Clauses Act, 1897, that is, it shall include every kind of
movable property other than actionable claims and money. Sales Incentive: Sale incentive means share
of profit payable to the Direct Seller for effecting sale of goods/products as stipulated in the contract
between the Direct Seller and the Direct Selling Entity. 2. Conditions for Permissible Direct Selling:- (i)
Should be a Direct Selling Entity, having GST No., Income Tax, TDS and other license as may be required
as per the law/regulations of its principle place of business. (ii) Should have bank account with at least
one nationalised bank. (iii) Memorandum of Association should clearly state their nature of business. (iv)
Pay sales incentive at the agreed rate within the agreed period. (v) Shall display names and Identification
numbers of their authorized Direct Sellers in the official websites. (vi) Should have a consumer grievance
cell that should ensure redressal of consumer grievances within 7 days from the date of making such
complaints. (vii) Website should provide space for registering consumer complaints hassle free. 3.
Appointments/Authorisations:- (i) Direct Selling Entity shall appoint/authorise Direct Sellers upon
receipt and scrutiny of application in a prescribed format. (ii) An agreement recording terms of such
appointment should be executed between the Direct Selling Entity and Direct Seller. (iii) No application
should be considered unless such applicant is eligible to enter into a contract under the Indian Contract
Act. (iv) Each Direct Seller shall be allotted Unique Identification Numbers before granting
license/permission to start Direct selling. (v) Direct Selling Entity should not give incentive to any
persons for joining of Direct Sellers. 4. Prohibition:- (i) Payment of incentive by whatever name it is
called unrelated to their respective sales volume. (ii) Supply/Distribution of goods with the knowledge
that such goods/products are inferior or exceeded its validity period as per the manufacturer. (iii) Direct
Selling Entity/Direct Seller will not indulge in money circulation scheme or any act barred by the Prize
Chits and Money Circulation Scheme (Banning) Act, I978. 5. General Conditions:- MRP of the goods
should be visibly displayed on the package. Accounts of individual Direct Sellers shall be maintained
properly and should be made available through World Wide Web. Sales incentive should be distributed
to the respective Seller on or before the agreed due dates. Goods sold by the Direct Selling entity should
carry guarantee/warranty of the manufacturer. However consumer should be given opportunity to
exchange/return the goods if he finds any manufacturing defect or the product purchased is not useful
for the purpose it was meant, within 30 days from the date of purchase, provided any seal/protection on
the product is kept unbroken. 6. Information Readiness (Ready Information file):- Every Direct Selling
Company should maintain a file with all relevant documents that include: Certificate issued by Registrar
of Companies, MOA and MOM. Xerox copies of GST, DIN of Directors, TAN, PAN. Certificate of GST
Registrations. Copies of all GST Returns filed with the authorities. Copies of IT Returns of company filed
with the authorities. TDS Statements of Distributors and respective challans paid. Every Direct Selling
Company should maintain KYC/KYDS (Know Your Customer/Know Your Direct Sellers) as a mandatory
process. Specific formats are to be provided on their websites to be available for all at any time. 7.
Grievance Redressal Mechanism:- Every Direct Selling Company must have a complaint redressal
mechanism to address any problem of their customers/Direct Sellers. 8. Breach of Guidelines:- The sale
activities not following the above guidelines shall not be considered as Direct Selling and would be dealt
appropriately under relevant provisions of existing laws. Conclusion: Indian Government laws are not
against the MLM Business since, it is the basis of providing employment opportunities to a large no. of
people but since, the government has seen a no of business concerns doing the business of CHIT Fund
Companies etc., hence, it keeps an eye over such MLM Business. But if any of the MLM company go by
the laws of the State and does his business in a systematic way, there are no restrictions all around. The
author is a company secretary in Practice and legal consultants and with a no. of MLM companies and
hence written this article on basis of his experience being earned from such companies and can be
contacted at 99145-58709 or on [email protected]. Tags: Government Policy, Mohit Saluja
Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer. 170 Shares Share Tweet Author
Bio Name: MOHIT SALUJA Qualification: CS Company: Mohit Saluja & Associates Location: JALANDHAR,
Punjab, IN Member Since: 13 May 2017 | Total Posts: 67 Hi, This is CS Mohit Saluja, Graduate in Law and
Post Graduate in Commerce & a Fellow member of the Institute of Company Secretaries of India, New
Delhi, having more than 10 years of stringent experience in the field of Secretarial and RBI Matters,
Company Law Board (CLB), Regional Director (RD) View Full Profile My Published Posts Directorship In
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1995 & LIC Employees Pension Rule 1995 « Previous ArticleNext Article » 55 Comments Vamja sandip
says: helping plan for cows and public help Reply January 16, 2023 at 4:31 pm Dr shriya says: Thanks for
sharing this information. Can you please tell what all legal measures to take Reply September 30, 2022
at 1:48 am Kartik Mehta says: I am an Indian and I own a Herbal Products Manufacturing Company in
Kathmandu Nepal. We manufacture different types of Herbal Medicines , Oil etc. Now I want to start an
MLM Company in India to sell my products . What is the legal Process to start and what are the
documents required. Please reply. Reply August 14, 2022 at 7:03 pm Nill says: New mlm company
starting on 25 sep 2021 good plans and future Reply September 16, 2021 at 11:10 am RK says: kindly
share the process of MLM in India and it’s charge. Reply September 4, 2021 at 9:57 pm Kiran Omble
says: I want to sale my share market course with mlm like binary. What is process? Reply June 11, 2021
at 4:36 pm Namrata Pati says: Sir, I want start a Genuine MLM company with my incense sticks
products. Kindly suggest me what types of legal document will be required for this and from where I will
be get all the legal documents. Kindly suggest me all details. Thanks Reply June 4, 2021 at 7:41 pm
vimal raj says: hi I have an online education plan if any on MLM intrested pls connect with me
[email protected] this plan creat the history on MLM No teamwork No ads No weekly
payouts No incentive this will run 100% legal Reply January 22, 2021 at 3:04 pm milind says: i want to
know details contact 7721864075 Reply May 1, 2021 at 7:03 pm manoj kumar sharma says: I want to
discuss about best mlm business plan for my own mlm company as planning to start in near future
Reply May 15, 2021 at 8:09 pm Sheen says: Hi I m a service provider in education field online, started
recenltly. indian student buy online USD through Credit cards. Is there any Indian govt restriction on
amount of revenue in totality flowing out WILL HIGHLY APPRECIATE IF YOU COULD REPLY BACK Reply
December 8, 2020 at 9:34 am Wesley Mani says: Sir, is it necessary to pay a fixed rate of money to the
government as consumers security fund prior to start an MLM company? Reply November 12, 2020 at
11:08 pm Noman Jamal says: sir will u plz guide me that how we can start mlm with the Trust Deed in
Uttar Pradesh I have no idea of Registration and Leagle Terms Reply October 17, 2020 at 8:54 pm
Bhushan chari says: can i start mlm company as proprietor in initial and after getting good response can i
convert the company in pvt ltd, llp or opc so please suggest me Reply September 29, 2020 at 4:32 pm
Pranay Kumar Majumder says: Products base mlm company..need guidance to start the same.your
consultency fees and adress near to kolkata Reply September 28, 2020 at 9:04 am YOGESH N
GHORPADE says: Hi, I wish to start a MLM company in India. can you please help me, what are the
necessary licenses and approvals required for the same Reply September 5, 2020 at 7:29 pm YOGESH N
GHORPADE says: Hi, I wish to start a product based MLM company in India. can you please help me,
what are the necessary licenses and approvals required for the same Reply September 5, 2020 at 7:27
pm Shekhar says: Dear Sir, we wish to take some advice from you on our newly formed LLP company.
Please share your contact Reply August 20, 2020 at 10:30 am ASHISH CHANDRAGIIR says: SIR I WANT
KNOW THAT WHAT IS THE CLASSIFIED CODE FOR NETWORK MARKETING IN GST Reply June 26, 2020 at
6:09 pm Upen says: Can Partnership Firm registered with the Registrar of Firms can apply for registration
with Ministry for Direct Selling and is eligible for registration. Reply June 14, 2020 at 11:00 am Lalit
says: Sir I want to start an E commerce mlm i hv no comny etc but experience of working in mlm i want
to make app where only indian products will be promoted kindly guide me Whatsap No. 7060445139
Reply May 18, 2020 at 10:15 am Nitin Pawar says: Sir, I want to start a MLM company which can sell
product of HINDUSTAN UNILEVER, TATA, P&G. will I have to take permissions for their products selling
Reply April 20, 2020 at 11:40 pm PRASAD DURGARAM NAIK says: Hi Sir/Mdam,, If I wish to start a
product related MLM in India what are the necessary licenses and approvals required. Kind regards
Prasad D.Naik Reply August 8, 2021 at 6:22 pm Pankaj says: Hi, I wish to start a product based MLM
company in India. can you please help me, what are the necessary licenses and approvals required for
the same. Best Regards, Pankaj Reply April 9, 2020 at 2:28 pm Adv. D. K. Saini says: Sir Ji I want to know
that on which address send the document in Ministry of consumer affairs department offline OR online.
Please provide me the address and phone number of the department to approved a direct selling entity.
I’m from Utter Pradesh Reply November 21, 2019 at 2:01 pm Nikhil kumar says: Dear Sir, Does a MLM
company can sell any products like colgate, santoor etc. which are already having distribution network
of their own. I want to start an MLM with products procuring from different manufacturers in INDIA, is it
legal or i have to take any extra permission from manufacturers. Reply November 15, 2019 at 11:27 pm
Ganesh says: Can I start digital marketing based business in MLM. We expressmedia.in providing digital
marketing services based in Nagpur. Reply October 14, 2019 at 1:38 pm Srinivas.barla says: Hi Sir, we
have plan to start mlm company product base…my doubt……….. is it require own manufacturing unit for
mlm company in india please give clarity sir.. Regards Reply August 11, 2019 at 3:31 pm Brijesh says:
there is no need to established your own manufacture units for mlm company. Reply October 24, 2021
at 4:51 pm sathish m says: Dear Sir, Does a MLM company can sell any products like colgate, santoor
etc. which are already having distribution network of their own. I want to start an MLM with products
procuring from different manufacturers in INDIA, is it legal or i have to take any extra permission from
manufacturers. Reply July 16, 2019 at 12:25 pm Pavankumar says: Dear sir, in network marketing
company a person wo want to be direct seller in firm as per guidelines how much dealership (ids) he can
get. Reply June 27, 2019 at 9:06 pm Vijay Poddar says: I Start MLM in binery plan.so mujhe kon sa
docoments ki jarurat prega. Reply May 18, 2019 at 10:53 pm Y Ashrafali says: Dear Sir Can a Limited
company which is listed in BSE can do MLM ?? Reply May 14, 2019 at 1:41 pm Richard says: For those
who start MLM business, I recommend to choose the best MLM Software. Cloud MLM Software team
will guide you through the process of making your MLM business successful. Reply March 6, 2019 at
4:38 pm Abhilash P. Mate says: Hello sir,,,Mai MLM company start krne ja rha hu, jisme product base
work rakhnewala hu,,, joining plan bohat kam rkh rha hu,,to kon kon se documents Mai CA se bnvake
lu,,,aur every distributor Ka KYC krna jaruri rahega kya,,,qki software me vaisa kuchh add nhi Kiya
hai,,,and distributor Ka payment filahaal byhand hi rkha hai,,,6 mhine baad online kr Lunga,,and income
binary, level, reward, personal, nominy Rakhi hai,,,mtlb garibo Ka paisa garibo k liye hi baatna hai,,,to
aage jaakar koi problem aa Sakti hai kya.. plz suggest me sir….plz plz plz Reply February 27, 2019 at 7:28
pm abhishek says: Hi, I want to join your MLM plan and want to understand the things, please contact
on email- [email protected] Mob- 7081768779 Reply March 25, 2021 at 6:58 pm RATAN
SINHA says: pl specify procedure of transfer by non resident to indian resident by way of gift and not by
way of sale when: a. activities of the investee company are under automatic route; b. sectoral limits
under foreign direct investment policy are not breached; c. sale consideration is in compliance with the
pricing guidelines; and d. such transfer is not subject to Indian Takeover Code; is it legal? if yes, what
form has to be filed under FEMA/RBI Rules? FC TRS is for transfer by way of sale. Reply February 2,
2019 at 4:42 pm Lalit sah says: Ministry of consumer affairs se company registered hone ke lie kya
documents chahiye Reply December 19, 2018 at 1:36 pm sujithran P says: I want apply the registration
for the MLM company from where, i want to apply please provide the link and mail id and address
Reply November 11, 2018 at 9:51 am gurdev singh says: Mlm business k lie company kholna jruri h
kya??? Partnership firm or proprietership firm se bhi jam kar skte h kya??? Reply October 7, 2018 at
10:12 am Abhiahek says: I got a call from a company named ********** before some days. When i
went to thw website of that comcompany, i found that the registration ia under process, dont have PAN
number, GST number etc. When I asked to thw director about this they told me that all the formalities
will be done through 31 august 2018. But I am getting, how a consumable product bases company is
doing business without any registration from 1 year. Kindly help me whether I should join this company
or not, or should I report against the company? Reply August 20, 2018 at 2:13 am Bhaskar says: Hello
Sir, Wanted to know if an India National could become an independent distributor of a Foreign MLM
Company, where all transactions happen online and payments and rewards / commissions distributed
directly into the team members account directly ? Initially members join the Foreign company directly
by purchasing a Financial product , say for $100 for a unit and the investor gets weekly / monthly profit
from this investment directly into their account. My question is, if the Indian direct distributor of this
foreign firm building a team in the structure of MLM in India, are there any legal implications ?
Appreciate your thoughts / advice. Thanks, Bhaskar Reply August 4, 2018 at 5:37 pm Tridib Basu says:
Hi, If I wish to start a product related MLM in India what are the necessary licenses and approvals
required. Kind regards Tridib Basu Reply July 29, 2018 at 6:48 pm rajan says: i am start mlm company.
but i am start company my product Reply June 7, 2018 at 2:49 pm Muveen says: A company named
Vestige Marketing fullfill all the details above mentioned. if anybody interested to enter in the system of
Direct Selling can call or whatsapp for more details on 9971748099 Reply February 19, 2018 at 2:00 pm
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Category>Marketing
What is Network Marketing? Types, Working & Examples
Utsav MishraJun 19, 2021
What is Network Marketing? Types, Working & Examples title banner
Marketing, the word itself has several images floating with it. When we hear this word, we think about
shops, big businesses, everything. We start thinking from the smallest grocery shop in our area and end
up at the IT firms providing services and manufacturing new software to internet marketing. All the
things that come in between these thousands of thoughts come under marketing.
Like all the other things, marketing too with time has evolved a lot. It's not just limited to buyers, sellers,
salesmen, and businessmen. It has transformed rapidly with time. New types of marketing have evolved,
new ways have come up, expanding the territory of marketing.
One such type of marketing is Network Marketing. In this blog, we are going to focus on the same.
Network Marketing
Network marketing is a business concept that grows a company by relying on a network of distributors.
To create money usually entails the use of three fundamental types of systematic strategies: lead
generation, hiring, and building and management. Network marketing is divided into three categories:
single-tier, two-tier, and multi-level.
Simply speaking, Network marketing is a business concept that relies on independent agents selling to
other people, generally from their homes. You may need to develop a network of business partners or
salespeople to help you generate leads and close sales if you start a network marketing firm.
Direct Sales: Network marketing companies promote and sell their products directly to customers,
rather than through a well-defined distribution channel. The participants are given the job of selling the
items, and they are paid a commission for each sale they make.
Entrepreneurs that are self-employed (IBO): The participants are referred to as IBOs since they act as if
they are running their own company.
Distributor: Most multi-level marketing companies refer to their members as distributors rather than
salespeople.
Downline: Members recruited by the distributor or fresh recruits registered by these members make up
the distributor's downline. All distributors profit from their downline sales.
Upline: All distributors in the hierarchy above a member's personal sponsor. All the way up to the Head
of Sales is the upline. On sales made by downline partners, all distributors in the upline get a
commission.
Plan: It Makes a list of all the many methods salespeople may earn money. The plan also demonstrates
how pay varies based on sales volume and the number of partners recruited. For their staff, reputable
organizations make the strategy as open as feasible.
Recruit or collaborate: An individual who is brought into the company by a sponsor. The sponsor is
compensated for the sales of the partner.
Network marketing functions on different tiers. This makes three types of it-
You join a company's affiliate program to sell its products or services through single-tier network
marketing. You don't need to recruit other distributors, and direct sales are your only source of income.
Avon, a well-known cosmetics firm, employs single-tier networking marketing.
Some internet affiliate schemes pay you for driving traffic to the affiliate's website. Single-tier
networking also includes pay-per-click (PPC) and pay-per-lead (PPL) affiliate schemes.
Two-tier network marketing, unlike single-tier network marketing, requires some recruitment, but your
compensation isn't entirely dependent on it. You get compensated for direct sales (or traffic driven to a
website) as well as direct sales or recommended traffic generated by affiliates or distributors you choose
to work for you.
Some direct sales organizations employ multi-level marketing (MLM) to encourage existing distributors
to recruit new distributors in exchange for a portion of their recruits' sales. The recruits are the
"downline" of the distributor. Distributors also profit from direct product sales to clients.
Amway, a well-known multilevel marketing organization that offers health, beauty, and home care
items, is an example of a well-known direct sales organization.
The persons who start a new tier (or "upline") get paid commission on their own sales as well as the
sales of the individuals in the tier they started (the "downline").
With time, a new tier may emerge, providing additional commission to the top tier as well as the
intermediate tier.
The earning of a member of network marketing depends on the sale of the product as well as on the
recruiting.
Any person joining the network marketing team goes through two processes: the first one is training and
the other one is sales.
Training
The first step after joining is to become the distributor of the company i.e. you will be the one selling the
products from now.
Because the business entails selling and recruiting distributors, the firm you are joining or your sponsor
will offer you comprehensive product and sales training.
To assist you in getting started with the company, the Company supplies you with thorough product
information as well as promotional items such as advertising materials and Marcom tools.
You'll learn about the intricacies of your company's product line, the quality and safety requirements
that they satisfy, how they compare to the competition, what inquiries to expect from customers, and
solutions to commonly asked inquiries, among other things.
Most of the companies provide sales training along with the training to recruit new people, generally
they organize a short workshop for that.
Sales
You are ready to begin working when the Company has instructed you on selling, product knowledge,
and equipped you with the necessary tools and supplies, as well as a startup package. Your sponsor will
be available during your training and will also assist you in getting started with the business.
Prospecting or making a list of prospects, qualifying the prospects, making an appointment with the
prospects, meeting them and making a presentation of the MLM business proposal, answering
questions and assisting them in making a decision to join the network, and following up with them on a
regular basis for a positive decision will now be part of your sales process.
The process continues with them signing up as distributors, receiving product training, selling, and
supplying them with tools, marketing materials, and a beginning kit, as well as inspiring and working
with them to help them grow their network.
You'll strive to increase retail sales in addition to hiring and developing your distributor network. Making
a list of prospects for retail sales includes your family, friends, neighbors, and the local community, as
well as your coworkers, your firm, and other firms with which you have known contacts. This is how a
simple Network Marketing business model functions.
It is one of the most well-known multi-level marketing organizations in the world. The brand, which was
founded in the United States in 1938, has become associated with its whole product category – plastic
food storage containers – to a degree only equaled by firms with traditional distribution methods like
Scotch tape or Hoover vacuum cleaners. Every minute, approximately 40 Tupperware parties are held
throughout the world.
Avon
It is a cosmetics company with millions of sale agents and a $3.63 billion yearly revenue in 2020. It is one
of the world's largest multi-level marketing firms. Avon Products, Inc. was purchased by Natura & Co, a
cosmetics company that also owns The Body Shop, in early 2020.
Herbalife
It is a multi-level marketing company that sells dietary supplements. It was founded in 1980 in California
and today has about millions independent distributors globally.
Amway
Amway is the world's largest network marketing corporation, with about $8.5 billion revenue in the year
2020. Since its founding in Michigan in 1959, the company has grown to over 3 million representatives
selling health, beauty, and home care products in over 100 countries.
There are no restrictions on the size of a network marketing organization. This occurs because
businesses may form partnerships with a large number of people to become distributors. Distributors
can also work together with other sub-distributors to increase the company's sales.
Companies do not need to rely on advertising to advertise their products since they have a solid and
powerful distribution network that engages customers directly.
Distributor structure also affects retailer profit margins, which are considered an expenditure by firms.
These profit margins are passed on to distributors, and the corporations are relieved of their financial
load.
Another benefit is that corporations do not have to spend as much money on storage and delivery as
they once did. This is due to the fact that distributors are responsible for these costs.
Distributors can make an endless amount of money from their business transactions with the
organization because of this framework. They can make money from both their own earnings and
commissions.
To sum up, Network Marketing is one of its kind marketing techniques. People involved in it find it
unique and believe that the market is expanding at an amazing pace. In the near future, we might be
able to witness some drastic expansions of the network marketing world. Till then, we can witness a
happy growth of it.
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3 Tips for Building an Unstoppable Network Marketing Business
April 20, 2020
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Whether you’re new to network marketing or are a network marketing pro, your top priority is to make
your business a success. The level of success you wish to reach depends on your goals. Some network
marketers reaching for the sky and others simply hoping to have some extra cash each month.
Regardless, most people don’t get into the network marketing business with an expiration date. You
want to succeed for as long as possible and master your business.
Network marketing can be a difficult industry for many people, even if they have the best intentions.
While there’s no guarantee that you’ll succeed, you can increase your chances by following these three
tips.
With relationship marketing, the focus is on building your relationships with the people in your network.
Instead of seeing them as the next sale, you see them as the next person whose life you can improve.
You believe in your products and services – in short, your business – and you see it as a way to help and
improve people’s lives.
Help and service are also central to relationship marketing. For too long, people felt like marks when
their network marketing friends came around to try to sell them on the next ‘brilliant’ product. They
may have even purchased an item or two in the beginning. However, over time the relationship soured
when they realized that the only time they heard from their friend was when they needed a sale. That
would annoy anyone!
Relationship marketing nurtures your relationships by making the relationship the priority. Your network
understands that you genuinely care about them and wish to help. Since relationships take time to build,
building a network marketing business takes time. It takes commitment to your business and the
relationships you serve. It also takes consistency to follow up with people with a short message. The
messages aren’t long and don’t involve selling at all; their intention is to make the day of the person
who receives it. This allows you to build trust while creating opportunities to serve. Sometimes you can
serve by telling them about a product you sell that is sure to solve the problem you’re facing. Other
times, you’ll serve by connecting them to another person in your network who can help. This shows that
you see them as more than a sale, but as a person as well.
Leverage your time
Life is busy. Your day is likely full of tasks and activities to do, whether you work full or part-time, stay
home with your kids, etc. Often, people start their network marketing businesses with thoughts of riches
and success dancing in their heads; however, they may forget that there’s still a lot of work involved.
You have to work on your business if you want to enjoy the fruits of your business.
If you come from a traditional 9 to 5 job, you may think that you need to work on your business 8 hours
a day. This is totally false. In fact, you can work on your business for one dedicated hour a day and reap
the benefits of a thriving business. You see, most people who put a lot of time into their businesses
aren’t using their time productively. Sure, they’re keeping in touch with people, but there may not be a
rhyme or reason to it.
Power Hour
At Teamzy, we advocate a 60 minute Power Hour daily (although to be fair, most folks get it all done in
less than an hour). During this time you’ll contact the people who you are due to follow up with. The list
of people to check in with is based on how you’d rate them in your network. For example, you’d contact
someone who’s purchased from you and is a great customer far more often than you’d contact
someone who expressed vague interest in your product a few months ago. While you may contact that
person once or twice a year, you’d contact your best customers much more often. This helps you build a
stronger relationship and provide a higher level of service to the people who make up the foundation of
your business.
At Teamzy, we encourage you to put your business first and offer tips to help you make it a reality. It’s
one thing to say your business is important; however, if you want to succeed, it’s crucial to do the daily
activities (like your Power Hour) that make your business a priority.
And, since we know you’re busy, Teamzy’s Dashboard gives you the list of people to call as well as some
scripts to use to get the conversation started, whether you’re messaging them for the first time or you
go way back to the sandbox. There are scripts for every type of relationship and situation, from the first
message to follow up messages to whoops, let’s get back in touch messages. You’ll always come out
looking like a star to your new and existing customers, prospects, and distributors.
– Teamzy
It doesn’t hurt that you’ll begin to make more money along the way. You won’t feel shame or
awkwardness going back to customers and discussing your business with them because you haven’t
burned any bridges. Your relationship with them becomes stronger with each message you send. They
know that you have their best interests at heart and are eager to help you grow your business, whether
it’s by buying your products or services, introducing you to their friends who may benefit from your
business, or joining your team themselves. That’s right, they may see the success you’re achieving by
working from the heart and wish to emulate it themselves. You can have a positive impact on the people
you care about by living according to your mission and values.
The best part is Teamzy is there every step of the way to help you grow your business and overcome any
obstacle you may face. The CRM is designed specifically for network marketers who rely on relationship
marketing to build their businesses. Additionally, it offers tools to help you create a reliable business, no
matter how ambitious your goals. As your business grows, continue to grow professionally with training
designed specifically to help you overcome the common pain points of network marketing. What are
you waiting for? Click here to learn more.
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MARKETING
What is Network Marketing? Questions to Ask Before Joining
January 1, 2021
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Do you remember those Tupperware and Pampered Chef parties your mom would host when you were
younger?
You’d have to clean the house all day just to get confined to your room while your mom dealt some
high-quality kitchen gear and entertained the other moms in town. You weren’t entirely sure what was
going on outside your bedroom door those nights.
Turns out, your mom was an entrepreneur – running her own home marketing business and
participating in network marketing.
Direct marketing
This single-tier marketing system requires an individual to sign up for a program to sell a product or
service. Individuals who sign up for these programs do not need to recruit other distributors and are
paid only on the direct sales they make.
Direct marketing is the most immediate form of sales. Find a product you like and get your friends and
family to buy into it. A few top companies involved in this type of network marketing are Mary Kay
cosmetics, Avon cosmetics, and Pampered Chef kitchen supplies.
Affiliate marketing
A newer aspect of network marketing is using online affiliate marketing programs. Website owners and
bloggers integrate links to specific products on their platforms. When people click on those links and
purchase products, the website owner is rewarded a referral fee. This provides customers with access to
a trusted site where they can immediately purchase the products being advertised.
It’s important for those using affiliate links to be transparent about that. A simple disclaimer at the
bottom of a blog post fits this purpose and lets your audience know that you’re making money from
these links. Amazon’s affiliate program is one of the most well known, but Partnerize and Google’s
Affiliate Network are also options.
Those are thousands of affiliate programs out there for both brands and individual individuals can
leverage. Be sure to research the most high-paying affiliate programs out there before you join a
program.
Multi-level marketing
Multi-level marketing (MLM) is a distribution-based marketing network that includes direct sales and a
downline of distributors. These home businesses tend to get a lot of bad press for their similarity to
pyramid schemes. In reality, they have one key difference. Where pyramid schemes require people to
invest in a false promise of wealth, MLM organizations sell real products or services that distributors
believe in.
Many MLM companies provide a healthy infrastructure and great training, plus extra rewards for high
performers. Scentsy, Herbalife, and Advocare are some well known players in the MLM field.
There are also many MLM software tools to help multi-level marketing organizations run efficiently.
During the Industrial Revolution of the 1800s, a large number of new products were being invented that
needed to be sold to consumers. These products were often complex and required explanation to
potential buyers. Network marketing began to hit its stride following World War II in the 1940s with the
California Vitamin Company (renamed Nutrilite in 1939) and the California Perfume Company (now
Avon).
The products produced by the California Vitamin Company were in such high demand that founder Carl
Rehnborg began recruiting independent distributors to increase the number of salespeople. These
independent distributors were instructed to find new distributors in their circles of friends,
acquaintances, and customers. The representatives were paid on the sales of the distributors they
personally recruited.
In 1959, two employees of Nutrilite, Rick de Vos and Jan van Andel, founded their own company:
Amway. Amway was created using the MLM organizational structure and paved the way for MLM
companies to be established in other countries like Canada, the United Kingdom, Australia, Germany,
and France. Amway allowed for companies like Panasonic, Palmolive, and MasterCard to include
network marketing in their omnichannel marketing strategies. Amway's success has even led them to
sponsor an NBA arena, the Orlando Magic's Amway Center (and the older Amway Arena), since 1989.
networking-marketing
By the 1980s, the landscape of U.S. economics was transformed. A financial boom coincided with
women entering commercial life. These women were a huge target for network marketing companies,
as they sought jobs that allowed them to earn money without neglecting their children and families.
Women were able to acquire high positions within these companies, creating opportunities for women
to achieve financial independence without giving up their families.
At the end of the 1990s, network marketers were learning to harness the power of the internet. The
implementation of online shops and electronic orders made employing social networks much easier for
individual distributors and businesses. Since the rise of social media platforms, it’s become common to
see advertisements by people in your network for companies like Rodan + Fields or ItWorks.
The categories network marketing is conducted in will continue to grow and evolve as society does. At
its core, though, building relationships will always be the key to successful network marketing.
However, there are some other things you should take into consideration if you think network
marketing is for you.
You value the people in your life, so protect them and only market what you personally find valuable.
6 questions to ask before joining a network marketing organization
How old is the company?
What product or service do they offer (and is it something you find valuable)?
How fair and generous is the pay distribution?
What is the integrity of the company?
Does the company have good momentum and timing?
What support or training is offered by the company?
Like in any career, you need to make sure you are securing yourself and your customers. A large number
of scams exist, claiming to be network marketing opportunities. Use the simple checklist above to begin
research into network marketing organizations.
Remember that this is a business. You are your own boss and your own employee. If you want to call the
shots, you need to be okay with facing failure and trying again.
Additionally, have a clear understanding of how this affects your taxes and finances. If you’re not versed
in accounting, consider hiring an accountant. There are many people who specialize in dealing with
home-based businesses.
It’s in the best interest of your mentors to help you succeed, so be willing to listen to them and learn the
system.
Equally as important, it’s vital for you to be a good mentor when the time comes. When you recruit
someone into your organization, support them and teach them how to be a successful network
marketer.
As you go forward and employ your network to sell a product or service, keep in mind that before they
are your customers, they are your friends and family. Building a great relationship first and selling a
product second is the way to be an effective and successful network marketer.
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Contents
Introduction: What is Network Marketing?
Benefits of network marketing for businesses
Five amazing use cases of network marketing
1. Tupperware
2. Avon
3. Herbalife
Also read: What is Network Marketing and How Does it Work?
4. Amway
5. Vestige
Also recommended: How To Start An Effective Affiliate Marketing Business In 3 Simple Steps
Conclusion
Introduction: What is Network Marketing?
Benefits of network marketing for businesses
5 Amazing Use Cases of network marketing
Conclusion
Introduction: What is Network Marketing?
Network marketing is a business model that has been around since the late 1940s but has seen a
resurgence in recent years. It allows people to work for themselves and earn income by selling goods or
services to customers.
The network marketing business model is often called multi-level marketing (MLM). This is because the
company recruits multiple levels of distributors, each recruiting their groups of distributors. The
company then sells products to both the distributor and their recruits.
Regarding the network marketing structure, the sky is the limit: Network marketing allows corporations
to grow exponentially due to how they can tie up with distributors. This is because the structure can
extend to numerous people in the organization and connect with other distributors or sub-distributors.
Freedom from advertising: Companies don’t need to rely on advertising to market their goods because
that’s what our distribution network does. It uses credible marketing to reach customers in their own
homes! In case your company has a strong distribution network, you can leverage this to distribute
other company products and third-party products that they sell.
Saves capital and is cost-effective: Distributors also don’t have to deal with the expenses of adding a
warehouse, staff members, and so on. This saves the companies much capital, which they can put
towards other parts of their business.
Exponential earnings: This structure ensures that a distributor will earn an unlimited income from their
dealings with the corporation.
Build a robust online presence: Network marketing companies with a solid online presence can help
build a highly visible brand and reach out to potential customers. With the right tools and strategies,
they can achieve their business goals.
1. Tupperware
Network marketing use case Tupperware
Image source: Forbes
I’m sure many people know about this well-known MLM organization. In 1938, the brand was founded
in the United States, and it became known for its whole product category – plastic food storage
containers. In addition to the branding & popularization power of plastics, it utilizes distribution
methods through Scotch tape or Hoover vacuums.
2. Avon
How Network Marketing Companies Can Help with 5 Amazing Use Cases
Image source: Success Miracle
Avon, Inc. has tried to reinvent itself multiple times over the last few decades with mixed results. They
are one of the world’s largest MLMs and had gross revenue of $3.63 billion in 2020. In 2015, they were
purchased by their fellow cosmetics company Natura & Co., which owns The Body Shop. Avon sells a
wide range of products in each of the beauty, fashion & home categories, with multiple product
offerings in each category.
Avon was founded in 1886 by David H. McConnell. Headquartered in the US, it operates in the following
geographies: North America, Asia Pacific, Latin America, Western Europe, and the Middle East and
Africa. Avon is the second biggest direct-selling company globally after Amway.
3. Herbalife
Network marketing use case Herbalife
Image source: TIME
Herbalife is an MLM company that has helped many people worldwide to eat better and live healthier
lives. It is a network marketing company founded in the US in 1980 that sells dietary supplements. The
Herbalife company features a wide range of products at competitive prices. They also provide their
services with these products, saving their customers a lot of time and effort.
Also recommended: How To Start An Effective Affiliate Marketing Business In 3 Simple Steps
Conclusion
In this article, we have discussed how network marketing companies can add value to your business.
Network Marketing is a marketing technique that is unique to itself. Network marketing is booming right
now due to its natural demand. Some suggest that it might soon evolve and become a bit more
complicated. However, for the time being, we can safely witness its success and happy growth in the
future.
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FOREVER<em>knowledge</em>
The Forever Journey
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Network marketing (also known as team marketing) is an effective and proven business model that uses
personal recommendation to promote and retail a company’s products or services.
Forever Living is a well-established, structured network marketing company, designed to enable our
members to develop their own independent business. Instead of investing large amounts in advertising,
Forever Living generously reward people for sharing its products and business opportunity with others.
We hold regular award ceremonies where our members are rewarded for their role within Forever
Living.
This lucrative business structure offers many incredible financial benefits that traditional business
models cannot match.
Own your own business with Forever Living's networking marketing opportunity
Network marketing with Forever Living allows you to enjoy the freedom and flexibility of owning your
own business. As an entrepreneur, you get to choose where and when you want to work. Instead of
working hard to make your boss rich, all of the hard work you put in benefits you thanks to the Forever
Living's incentives scheme.
Traditional businesses typically cost many thousands of pounds to establish and often involve
getting into debt. Starting your own network marketing business means you do not have to
borrow money or hire employees, and you’ll have little overhead cost. It’s that simple.
No income cap.
Corporate jobs limit your pay range based on the market standard. The network marketing industry,
however, does not cap how much you can make. The harder you work, the higher your financial
rewards.
The benefits of network marketing with Forever Living are endless, from taking control or your schedule
to easily managing overheads. Here’s our top ten:
No commute
International possibilities
Security
No employees
Scalability
Minimal overheads
It’s simple. In the UK and Ireland, the vitamin and mineral supplements industry alone is worth £414
million, the skincare sector is worth £2.2 billion, the weight management sector £2 billion and sports
and nutrition sector £356 million. With Forever’s networking marketing scheme, you can be a part of
this growth.
Sharing is key with network marketing. By sharing the range of products and the business opportunity
with others you can start to build an income. Forever Living will supply you with the knowledge and
support you need to launch your business and be there every step of the way to help you succeed.
Networking marketing is an ideal business opportunity for anyone looking to take control of their
finance and who has a passion for sharing their knowledge and love of Forever Living products.
According to Forbes, more than half of all baby boomers (76 million) are interested in starting their own
business, and network marketing is the perfect opportunity for this. If you’re confident, driven and
passionate, then network marketing is for you, and the earning potential is endless.
It is illegal for a promoter or a participant in a trading scheme to persuade anyone to make a payment by
promising benefits from getting others to join a scheme.
Do not be misled by claims that high earnings are easily achieved.
Forever is a member of the Direct Selling Association.
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On the other hand, there are also people who’re tired of their conventional jobs and seeking a different
path. Network Marketing provides a great opportunity for individuals trying to step out of their routines
and take a leap into an alternate path towards financial freedom.
So, this article is for all the folks who’re wondering how to start network marketing. In addition, we also
present an opportunity to start a network marketing journey today with QNET.
In addition, the network marketers also recruit sales teams under them, who would also follow the
network marketing process by directly selling to their contacts. The members recruited by the network
marketers are referred to as downlines.
A great benefit of network marketing is that the network marketer or the upline stands to earn a
percentage from the overall sales. So, every time a downline reaches a certain percentage of sales, the
upline is also incentivised with compensation. This process is also called Multi-level marketing (MLM).
Sounds like music to most network marketers’ ears. So, let’s shift our focus to an opportunity that helps
in starting a network marketing business and experience a lot more benefits.
QNET’s entrepreneurial opportunity is a great way for individuals to become network marketers and
carve their path towards financial freedom. Being one of the most reputed companies, QNET has helped
thousands of entrepreneurs realise their dreams and become successful network marketers.
Let’s explore a few more benefits of becoming a network marketer with QNET.
However, with a career as a network marketer, you have the liberty to choose the working hours.
Furthermore, you are responsible for your own tasks, whether it is driving more sales or expanding the
team. You have the opportunity to be your own boss.
A happy QNET distributor working on his laptop
The power is in your hands to increase your income based on your sales. The more products you sell, the
more will be the earnings. The business model provides an advantage to scale the revenue and achieve
your dream income.
Once you grow your business and become successful, you will gain respect and credibility. Furthermore,
you will also have the opportunity to help other entrepreneurs grow their businesses and positively
impact their lives.
Now that we know about the network marketing business model and the benefits of becoming a
network marketer with QNET, the next question you might have is – “How do I join QNET?”
1. Examine
Before beginning your journey, we would recommend you to make a clear assessment of the
opportunity. The best way to do that is to understand the business better. So, ideally, you can visit the
website and learn more about the company. Furthermore, you can visit the social media pages to
understand more about the trends and important information about the business.
While filling the form, review the details. In the end, you’ve got to feel confident about the process and
understand that you are signing up for a mission to change your life and the people around you.
2. Orient
After successfully filling the form, the next crucial step is orientation. This would involve signing the
Principle to Principle (P2P) contract. After that, you will attend regular meetings and network with your
uplines to learn more about the business.
In addition, you will go through other collaterals to understand the business concepts, products,
compensation plans, policies and procedures.
3. Kick-start
Now that you have registered and oriented yourself as a distributor, you are ready to start your network
marketing journey. We would recommend you to start by buying the products and experiencing them
first hand. Understanding the benefits of using the products gives you the confidence and information
needed to believe in the product.
The next step is to create a plan. Having the foresight to plan and scale the business is important. In
growing your business, the most crucial part is to sell your products. Remember, the commissions are
not earned just for recruitment, but they are earned on the sales.
To reiterate, buy the products, experience them and sell them to raise your net profits from the
business.
4. Advance
The next step is to advance your business. As you scale your business, you will advance through the
ranks to a higher position. The more sales you make, the more you will earn and the higher you advance.
Now, in this process, you need to identify partners to support your sales organisation and collaborate
with them by sharing your experiences as a network marketer. Furthermore, you can train them to
boost the overall business.
Your downlines help you grow your business. So, it is also important to help them scale their businesses.
This brings us to the next step – Maximise.
5. Maximise
Now, you’ve got to maximise the potential of your business. As we reflected earlier, training your
downlines will help them advance in rank. Synergy is an important factor for you to become a successful
network marketer with QNET.
In this process, you need to help them maximise their commission earnings and further inspire their
recruits. In essence, you are conveying your mission and helping them realise their potential as a
network marketer.
All these steps are important in helping you build your network marketing journey from scratch and
propel you towards success.
However, it certainly isn’t something that is achieved in a single day. This isn’t a “quick success” method.
We must remember that even Rome wasn’t built in a day. So, in any opportunity, there will be
challenges. You must adapt, sustain and grow your business as a network marketer.
Fortunately, QNET provides all the tools necessary to succeed. It gives you access to world-class
products that have been tested, certified by various associations and loved by millions of customers.
In addition, it provides an opportunity for mentorship by helping you connect with thought leaders and
successful entrepreneurs. The mentors can train and support you through the journey. Finally, QNET
provides you with a purpose; it gives you a trail to help you fulfil your dream as an entrepreneur.
However, the decision is yours. Now, you’ve got to take that first step to rise to the opportunity and
make a difference. The stage set is set for you to become a superstar network marketer with QNET.
So, if you’re ready to start your journey as a network marketer, visit the QNET India page to register
today!
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STORIES VIDEOS COMPANIES TECHSPARKS '23 YS हिन्दी YS GULF LOGIN This is a user generated content
for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard.
The views and writings here reflect that of the author and not of YourStory. HOW TO INVITE PROSPECTS
IN YOUR NETWORK MARKETING BUSINESS Isha Parmar 2 Stories Monday July 01, 2019, 5 min Read
Image Credit - iOSS To start an MLM business, the first and foremost thing you should build a strong
team and it is not easy to build a strong team. Many MLM business owners have started adopting
network marketing software to make their daily tasks easier. It is very difficult to get people to listen to
your MLM presentations or goals. You will get irritated when you expect prospects to attend the MLM
meetings or presentations and sometimes they don't turn up to this meeting. Though you make use of
many marketing techniques like Attraction Marketing to invite prospects, it is not easy to make leads for
your MLM business. You would have seen that you may try many times to invite prospects, in the end,
they don't even bother to update anything whether they will be able to make the meeting. In this article,
you will find some strategies which will help you to invite more prospects in your MLM business. Read
on MLM Warm Marketing Strategies to approach people 1. Maintain a short invitation to prospects
Most of the people talk too much during their first meet. That is the biggest mistakes which they do
during their inviting phase or prospecting. Don't talk too much, please keep something with you to
share it during your next meeting. Sometimes your prospect may be very eager to know what will be the
next step to proceed. Don't give away all the points right before the event or meeting. Don't forget that
you have wonderful opportunities which are not easy to explain in detail. Have control over sharing the
information at a time. Let them attend the MLM meetings to know the complete information from the
meetings or presentations or from the videos that you will be sharing later. Always share the success
stories to make them excited about how your MLM business is going to change their lives too.
Remember this inviting phase is important to carry away your prospects deep into your MLM business.
2. Don't focus always on your outcome When you begin your MLM business, you will be more excited
about your MLM business. So you always focus the answer as "Yes" from your prospects. If you
concentrate more on this outcome, sometimes you may get desperate. Instead of that, interact with
more people and try not to focus on your outcome. Your main responsibility is to invite and just think
that it depends upon an individual's interest to show up. If they do, make them learn more. To improve
this prospecting skills, try to interact with more people. When you meet up with those people who are
not interested, try to understand that each and every person may not like your offer, so keep moving
and keep prospecting. Don't be emotional for any negative answer, so keep on moving further by
interacting with more people. 3. Make use of Facebook Messenger for inviting prospects Most of the
marketers will not keep the relationship through calls. When they get any leads they don't call their
leads, instead, they message them. The reason behind this is the marketers sometimes don't know what
to talk when they were questioned by the leads. So we can consider that phone communication will not
be effective in all the cases. At the same time, the easy way to communicate and connect with people is
through messages. Here comes the Facebook Messenger, it is simple to send messages through
Facebook. You can send messages to the users of Facebook. Maintain a short and understanding
message, so that people will try to read your messages. Try to collect those user lists in your contact list,
so that you can have contact with them later. Try to send some requesting messages. For example, "If I
send you an audio clip, would you hear it?". They may give you a positive answer. Now you can send the
file so that it will help them to educate more about your MLM business. Always remember that it should
not be bugging them or convincing them to know or join your business You can maintain a good rapport
with Facebook users by sending them more simple and short messages. 4. Cooperate with Coach or
trainer You have to follow your trainers for years to understand very well about the MLM business.
Learning or getting trained from coaches or trainers is the best way to carry on with your MLM business.
It will make your learning easy by directly getting trained from them. You can learn Attraction
Marketing, the ways to invite the prospects for your MLM business. A trainer can assist you more on
how to proceed with prospecting. Nowadays it is easy to find any good trainers online. Actually, you
should be so thankful for internet technologies. In online you will be able to view a huge number of
webinars and training materials or resources to build a strong team for your MLM business. From online
resource, you can learn many techniques to attract prospects via online and you can invite them to join
your MLM meetings. As a result, you will be able to build a strong team with more leads and prospects.
Trying to understand how to present yourself through conversation, blogging, posting videos will help
you to invite more prospects. Conclusion Mastering on how to invite prospects in your MLM business is
a skill and this skill is necessary to enhance your MLM business. As I already discussed you should not
always focus on your outcome. So it is always necessary that you should not take anything personally, it
is all the part of your MLM business. The online materials and training will help you to develop your
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For starters, congratulations on your decision to build a business that provides flexibility, work-life
balance and the opportunity to work from home, or wherever your travels may take you. It’s an exciting
time, but also a little frightening as you figure out how to make this work. Below are several tips that
should help you on your way to developing your business without losing who you are in the process:
Make the decision. Yes, you may have decided to join a network marketing organization, but you need
to now decide to WORK at building your business. You’ve decided you wanted to BE an associate, now
you need to decide if you want to DO the associate work.
Set up your home office for success! – Set aside a specific place where you can concentrate and build
your business without the distraction of family members and friends. If this is your first time working
from home, you may want to check out my blog post on tips for working from home.
Make a business plan! Set goals. If you’ve decided to make this opportunity full-time, or just part-time,
setting goals will ensure you grow your business.
Don’t get bogged down with organizing your file folders– there is no need for you to create a fancy
organizational system, or tag all your file folders with project names. The best thing you can do with
your time in the beginning is to just START working the business. Organize you business once you have a
business to organize.
Manage your time – in the same way that you now have your own space, and your own business plan,
you need to work the plan. Ensure you have set aside strategic time to tackle your plan. Need more info
on how to manage time? Check out my blog post on The 5 Choices here.
Join the community – Your particular company likely has a great network of resources, mentors, and
colleagues – make sure you tap into those resources and people (including your up-line if applicable)
Seek advice and counsel from those outside the industry – Given you’re reading this blog post, I’m
hoping you’ve already bought into the value that comes with seeking counsel from outside of your
company. Hearing perspectives through different filters and lenses will potentially give you a
competitive edge in the marketplace.
Don’t lose sight of who you are! Often the excitement of a new business can be all-encompassing (hey,
I’ve been there, and continue to be there when I start a new project), just don’t forget who you were
before you joined. Continue to fill your time with other activities that energize you, not just growing
your business.
Don’t alienate friends and family – your family and friends loved you before you joined your new
company and they will support you, but be careful not to swamp them with your new business. Here are
some areas to watch for:
Personal social media posts – don’t make it all about your business. Start separate social media accounts
for “all business, all day every day”, and ensure you still update personal pages with things about YOU.
Don’t pester about sales or recruitment – One of my favourite quotes is “Sometimes the people around
you won’t understand your journey. They don’t need to. Its not for them.” This is a GREAT quote for
people who start their own network marketing business. Not everyone will understand your journey.
In the same way, your friends and family are potentially on their OWN journey, and selling essential oils
is not part of their journey. It doesn’t mean they are afraid to start their own business, or afraid to take
risks. It means they don’t want to sell essential oils. Be respectful of that.
Be ok with setbacks – this is a new experience for you, there’s a learning curve ahead of you, be ok with
disappointments and setbacks. Take each new success or setback as a way to learn for the next day.
Setbacks do not mean you’re not cut out for this, they simply mean there’s more to learn and
implement.
By keeping the above tips in mind, you are well on your way to enjoying network marketing success!
Enjoy learning, enjoy growing and tending to your own business, and enjoy the great benefits that come
with working from home!
RELATED – The 5 Choices – Making Choices with your Time for Extraordinary Productivity
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10 Amazing Network Marketing Tips to Achieve Success
SEPTEMBER 15, 2022 6 MINS READ
When it comes to any business model, marketing remains one of the key pillars. Without a strong
marketing foundation, it is quite difficult to succeed in your business. When we talk about home-based
business opportunities, networking marketing figures are right at the top of the list. This business model
has been in the limelight for several decades; however, very few actually succeed in making a go of it. In
fact, network marketing is also considered one of the most sought-after business models by people who
wish to begin their entrepreneurship journey.
In this post, we will provide you with a brief description of what network marketing is about and some
amazing tips that can help you achieve success in your network marketing.
The other key requirement of network marketing is effective collaboration, without which it can be
really difficult to succeed in this business model. Apart from selling products and services, this type of
marketing also offers commissions to network marketers who recruit or bring in more people to the
business. Also known as pyramid marketing, network marketing can be categorized into three main
categories:
Direct Marketing
Affiliate Marketing
Multi-level Marketing (MLM)
Top 10 Network Marketing Tips
If you are already in the business of network marketing or are interested in this business model, then
you should definitely check out these amazing tips that will help you in your network marketing journey.
1. Have the Right Attitude – Network marketing is a long and tedious business model, and you cannot go
ahead with it unless you are serious about it, develop your mindset, and have the right attitude. You
need to have a strong work ethic and be really professional. In the long run, network marketing is all
about putting in part-time efforts for full-time earnings; however, you need to put in a lot of hard work
in the initial stages.
2. Clear Goals – Ensure that you start off your network marketing with clear and defined goals. We also
recommend that you write down your goals so that they help you stay on the right path. These goals
also act as your ‘why’, i.e., they remind you why you decided to get into this business and why you
should put in your hard work and efforts. You need to have a clear idea of what you want to achieve out
of your network marketing business.
3. Be Sincere and Genuine – Always ensure that you stay sincere and genuine to your customers.
Provide them accurate information about the product you are selling, its pros and cons, etc., and allow
them to make a decision. When reaching out to your network, don’t fake the reason. Give them a
genuine reason for reaching out.
4. Make Use of Social Media – We do not have to reiterate how important social media has become
today! Having the right social media strategy can do wonders for your network marketing business. But
this does not mean that you end up spamming on all the various social media platforms. First,
understand what the platforms are offering and then map them to your business idea, target audience,
etc., and choose 2-3 platforms that will work best for you.
5. Target Market – For any business to succeed, understanding the target market is absolutely vital. This
stands true for network marketing as well. In order for your business to succeed, you must first identify
your target audience, understand what their requirements are, and then analyze how your business can
fulfill those requirements. Once you have these details locked in, you can assure the longer sustainability
of your business.
6. Keep on Learning – As a network marketer, you need to be always open to learning. Today, we are
living in a fast-evolving world where everything related to network business keeps changing and
evolving – whether it is your audience, product, social media platform, marketing channels, etc. So, in
order to stay with the current trends, you need to keep learning and updating yourself.
7. Embrace the Right Tools and Technology – Network marketers who wish to succeed should make
technology their best friend! One of the best ways to scale your network marketing business and reach
more and more people is to take complete advantage of various automation tools and technology. With
artificial intelligence, chatbot software, automatic email scheduling, automating social media post
scheduling, etc., becoming readily available, network marketers should use such tools to save their time
and focus on making more sales.
8. Build your Team – As a network marketer, you cannot solely run the business on your own. In fact, the
entire concept of this business model is recruiting more network marketers who can generate leads and
increase sales. As a leader, you need to ensure that you pass on all the key skills, learnings, insights, and
information that will help the new recruits to perform well.
9. Stay Consistent – As mentioned earlier, when you think of network marketing, you need to
understand that it is a long-term investment. You cannot simply do things for a month or two and expect
results. Staying consistent is extremely important to meet your goals and making your business a
success. The more consistent you are, the better results you will achieve.
10. Be Open to Rejection – The chances of rejection in network marketing are definitely on the higher
side, especially when you are just starting out. Some of the reasons for rejection include lack of clarity
on the target audience, using incorrect channels, hiring the wrong talent, etc. You need to be ready to
face these rejections as they will in turn help you to improve your business and plug all the loopholes.
Apart from these top tips, some other tips include finding the right mentor to give you market insights,
being ready to sponsor new recruits, creating effective marketing plans, etc.
Conclusion
You cannot achieve success in your network marketing business overnight. It requires you to be
consistent, clear, and concise. You need to be really patient, as it can take quite some time for your
business to take off. However, all the time, efforts, and patience truly pay off when your network
marketing succeeds. We hope the above-listed tips help you strengthen your business and take it to new
heights!
If you would like to enlighten yourself about some of the top marketing software available in the market
today, we highly recommend you browse through SaaSworthy!
Also Read
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How Much Does It Cost To Start A Network Marketing Business? (In 2023)
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How Much Does It Cost To Start A Network Marketing Business? (In 2023)
Pat Walls
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Updated: January 18th, 2023
START A NETWORK MARKETING BUSINESS
Summary
Startup Costs
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Please note that the data provided in this article are estimates and may vary depending on various
factors, and should not be considered as perfect or definitive.
Where to start?
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Jeff
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Tom
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David
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Jean
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Alex
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Rebecca
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Tom
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Jonathan
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Lewis
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Misty Dorman – Life Ninjas
LIFE NINJA TRAINING
HOW I CAN HELP YOU
How to Build a Network Marketing Business Quickly
by Misty Dorman
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How to Build Your Network Marketing Business Quickly Blog Post Featured Image
Today, I want to share with you my best tips on how to build a network marketing business quickly (and
it’s probably not how you think). I struggled for over a decade, through 5 different companies and
having zero success, so I know all too well what it’s like to feel stuck.
When I finally found the right strategies and the right company to build my network marketing business,
my team started growing quickly and I know you can replicate that in your network marketing business
as well (even if you’re starting with very little influence and don’t want to bug your friends and family).
No where in this post will you see me mention that I did home or online parties… because I didn’t.
Boring Disclosure: I use this site to teach you how to make money. That comes with expenses & my
family likes frozen yogurt, so occasionally I use affiliate links to recommend products I love and I know
will help you. Click here if you want to read the full disclaimer (or take a good nap).
Table of Contents
Let’s dive in!
How I discovered These Amazing Strategies to Build Quickly in Network Marketing...
So How Does That Help YOU Build YOUR Network Marketing Business Quickly?
Tip #1: Stop Spamming Your Product Names & Links Everywhere
Tip #2: Launch (or Re-Launch) Your Business
Tip #3: Personal Development EVERY DAY
Tip #4: Take Action!
Tip #5: Talk to People
Tip #6: Use the Resources Available to You (Or Create Some)
Tip #7: Provide Value and Curiosity
Tip #8: Team Support
Pin it Now, Read it Later
Let’s dive in!
First, you’re going to want to pick up this free daily action plan checklist. After countless hours of
attraction marketing training & mentorship from my 6 & 7 figure upline, I documented it all in this
blueprint of exactly what activities they were doing every day to build their business online without
doing parties or sales calls. If you’re trying to build a network marketing business quickly, this guide is
ESSENTIAL.
Download Free Network Marketing Action Plan Guide PDF (attraction marketing)
Next, here’s a video I recorded 5 or 6 months into building with my new network marketing company,
where I talk about how I grew my downline team to 18 in just my first 4 months (while only
implementing around 60-80% of the guide) and made my first $400-500/mo CONSISTENTLY in network
marketing. Yes, I know that’s not mind-blowing, but when you’re coming from zero and no social
influence and have two little kids at home, that’s HUGE.
If you take action on these strategies, you can most definitely hit your first $500, $1000, or even $10,000
month. Your journey is yours & the sky is the limit.
If you prefer it in text, skip the video, grab a cup of coffee, and keep reading because this is pretty
meaty, but so worth it.
P.S. – I always keep it clean, so it’s safe to listen with your kiddos around.
I realized that if I was going to fulfill my big dreams, something needed to change. I started learning
about attraction marketing & how to brand myself and have people coming to ME asking ME what I do
or how I can help them…. but I had a problem… It was looking like a lot of work to implement what I
wanted to do with the network marketing company I was in at the time. I wanted a business that fully
supported what I was learning and that wasn’t the case where I was.
So I decided to get bold & reach out to a 7 figure earner and coach & just ask what company he was in.
And oh my gosh, what he showed me BLEW MY MIND!
I finally understood why I was spinning my wheels before. Then I realized it was silly to try to replicate
what he was doing in my current company when literally EVERYTHING I needed to be successful was
available to me in this new company… so I made a leap into my SIXTH network marketing company. I got
immediate access to the mentorship of some major rock stars in the direct sales industry, thousands of
dollars worth of attraction marketing training, the tools & strategies that actually work. Not to mention
they didn’t have me doing parties or going broke buying inventory! I decided to get focused & do what
they taught me & it WORKED!
So How Does That Help YOU Build YOUR Network Marketing Business Quickly?
I’m going to share with you exactly what I learned right now!
Here’s exactly how I started to build my network marketing business quickly (so you can implement the
strategies into YOUR business and recruit new team members and get more customers faster)…
Tip #1: Stop Spamming Your Product Names & Links Everywhere
First, I stopped spamming my company name & products all over the place. That’s called REPULSION
marketing. I wanted to ATTRACT people to me, not push them away.
You know you hate doing it & it makes you feel slimy, so let’s just pinky promise right now that you are
going to stop pushing your product names & links on your Facebook wall.
Create curiosity and provide value. Become the go-to person on your topic (not your product, but your
topic) by sharing tips and create curiosity so interested people have to ask you for more information.
Start genuine conversations with people who comment on and like your posts, without pushing your
products, service, or opportunity on them. People want to feel cared about. People buy people in
today’s world, not products, so be a human first. They love to buy things, but they don’t want to be sold
to. They like to feel like they discovered something cool.
Tip #2: Launch (or Re-Launch) Your Business
I LAUNCHED my business. And I learned from my leaders & my new company & loads of attraction
marketing training how to do so without annoying everyone.
I don’t understand when people say they are afraid to tell people about their new home business. If you
were opening a cupcake store you would tell everyone you know that they better get their butt to your
grand opening. You would be proud to share about it and it wouldn’t be awkward to do so either. They
would be excited to support you.
In the same way, you don’t have to make it all weird to launch (or re-launch) your network marketing
business. It’s a GOOD thing to share with your people the things you’re excited about and what’s going
on in your life. You can do it without spamming them or being salesy.
People need to know that you have a thing that you offer. They’re not just going to magically know
about it (but DO NOT FORGET TIP #1).
Getting good at something like this and requires tons of training and practice. It stretches you. You
have to get uncomfortable, so you can grow. If you are catching yourself saying things like “I just don’t
know how to do that” or “She’s got so much more influence than I do,” STOP IT! Stop it right now.
EVERYONE starts at square 1. You need to turn that frustration into fascination. You basically have two
choices. You either give up on this dream you said you had or you start learning the habits, traits,
systems, & strategies of people who have the life you want to live. They are no more special than you
are. They’re just a few steps ahead of you.
Investing in your own personal development is absolutely at the top of the list for building your network
marketing business.
What I did? I took courses, listened to audio books, read blog posts, listened to podcasts, and I studied
top leaders in the industry & in my company. I asked questions. Then I realized I was getting a bit too
much shiny object syndrome and I wanted to expand into training other network marketers (not just my
team), so I invested an insane amount of money into VIP mentorship to get my business on the fast
track for success.
It is worth it to invest in yourself and your business and if you need direction about this, hit me up any
time through the Life Ninjas Free Community and I am happy to help you determine what mentorship
path or course is right for you.
But I knew these people would be mad at me if 6 months from now I was making big bucks & they didn’t
even know about the opportunity.
Hey, I know you told me you were looking for some extra income before to help you ________. Is that
still true?
This may or may not be for you, but I think you really need to take a look at this thing that I found. It's
the best work from home opportunity I've come across so far (total no-brainer) & I'm going to run HARD
with it, so I didn't want you to get mad at me later for not letting you know about it. If you want some
info, there's a video I can share with you. Just let me know.
Make sure to wait for their answer after you ask if they’re still looking for extra income. Your closest
peeps will WANT to learn more about it when you talk to them like this (like you cared enough to think
of them), rather than pitching them.
Bonus points if you do this as a voice message & personalize it to them a little rather than having it look
like something you copied & pasted to everyone.
Tip #6: Use the Resources Available to You (Or Create Some)
What do I mean by this? It has largely to do with systems. Yes you want to plug into whatever training
you have available on your team, but it’s much more than that. Here are the systems within our team
that made the biggest impact for me to build my network marketing business quickly.
Our team uses a very simple, duplicatable system for prospecting. When someone develops curiosity
about what I’m doing, I offer to share more info with them. Then, with their permission, I add them to a
prospecting group on Facebook and tag them on a welcome post that leads them to watch a couple of
videos about the product or our company. The videos do most of the selling for me & the group is an
amazing sea of testimonials that reinforce how awesome it is, so all I have to do is follow up & help
them make the best decision for their needs. What do you do if you don’t have a group like this? You
have a few options. You could make one, you could point them to some other piece of information
provided by your company or team, or you can join a team that does. The point is, don’t let this stop
you. You are an action-taking life ninja! If you don’t have it, make it or get it. It keeps you from
explaining the same thing over & over again (like the comp plan or why your thing is so awesome) and
from getting in the bad habit of trying to convince people. You are not convincing. You are sifting &
sorting. You are helping those who are ready for it and right for it. Bless and release the rest.
My leaders do group chats to help us close people – that’s HUGE! We DO NOT spend hours on the
phone doing 3-way calls. We use Facebook messenger. Basically, if someone’s on the fence, I introduce
them to my upline (edifying how awesome they are) & then I kind of shut up & let them get to know
each other. 3-way chats are not only an amazing way to help people who are sitting on the fence to
make a decision, but they’re also an amazing way for you to learn from your upline. Study how they
talk, so you can learn to do this for your own downline. What if no one in your upline will do this for
you? Find someone in your sideline or even your downline & help each other out. If your team is not
supportive, why are you on this team? Either create the environment you want to be in or join one you
do. It’s YOUR business. 3-way chats will drastically improve your closing ratios and allow your new
recruits to get out there & take massive action FAST.
Tip #7: Provide Value and Curiosity
I mentioned this a little already, but one of the biggest things that helped me build my network
marketing business quickly was learning how to pull in more new (cold market) people to friend or
follow me & look at my wall. Not just that but also how to provide VALUE and CURIOSITY on my wall
and in the FB groups I’m in, which attracts them to ask me what I do.
This is called attraction marketing and if you want to know the exact activities I did every day to build my
network marketing team, you can grab your free copy of the S.M.A.R.T. P.L.A.N. Guide I created for you.
It’s literally the exact list our team uses to build their business online, curated from hours of training and
talking to 6 & 7 figure earners.
I also dive deeper into the nitty gritty about HOW to do each of the daily activities in the 5-Day Home Biz
Kick-in-the-Pants Workshop. If you’re looking at the daily checklist & you are ready to take action but
still feeling like you don’t know what to do, the KITP course is the best thing you can do for your
business right now. We even get into how to post for posture and profit, so you can become the go-to
authority on your topic and get people regularly asking for more info.
Something I realized when I joined my network marketing company is that the big leaders in my upline
are watching me & my team to see who’s working. I really started to notice this when I saw my upline
rewarding those of us who are working hard & showing good leadership skills by placing people in our
downline! Say what? YES!
It’s really a win-win. He gets a buffer so the newbies are only hitting him with their most important
needs or 3-way chats. Then the newbies get another layer (or 2 or 3) of excellent leaders & trainers
above them to use as resources to help them as they build.
It was one of the best things that could have happened to me because I immediately got access to
double the training, plus one of the top coaches on rapport building, prospecting, and recruiting at my
fingertips.
And it’s been so neat being able to bless my own downline by placing my own recruits under them as
well.
What can you learn from this if your company doesn’t allow you to move your recruits like ours does?
The leaders in your company are watching for action takers on their team. They will give the most time,
support, and training to those who are taking action. You want that to be you.
I have made a huge point to make myself valuable to my upline and my entire team and it’s gained me
so much, including being able to room with my upline and become really great friends. This is a woman
who charges $600+/hr to her coaching clients and I got tons of time to chat with her & see how she
works. I have become her go-to person for technical things and even been able to participate in strategy
sessions with much higher-ranked leaders.
Make yourself valuable to your upline & they will be happy to share their time & expertise with you in
return.
Misty Dorman signature - productivity tips, home business tips, network marketing tips, attraction
marketing tips
P.S. - Did this inspire you or bring you value, don't forget to share &/or pin this. I appreciate it sooooo
much!
If you're ready to take some serious action but don't know where to start, click here to see how I can
further help you. I will show you a solid plan mapped out so you know exactly what to do to create that
time and money freedom you've been craving. But you have to do the work and clear your head of the
lame excuses that keep you broke.
If you've got a network marketing business & are just not sure what to do every day to attract people to
your business, products, or service, I've got you, Boo. Click the image below to pick up my free daily
action plan & start getting more people interested in what it is that you're doing or selling.
free pdf download DMO Daily Action Plan for Network Marketers with daily action steps (secret
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The opportunities have never been greater for success than it is now with all the resources available
online.
To be really successful in network marketing it is very important to understand why you should even
bother.
I decided that to help you with either your belief or with what prospects say, you will have some great
information to get you motivated and on the right path.
Here are 20 reasons why network marketing may be your best option, though I could give you many,
many more.
#1. Work From Anywhere: This has been one of Americans biggest dreams is the possibility to be able to
work on their laptop from anywhere around the world. To me this is priceless. As long as you can get
internet connection you can run your business. If anything changes in your life you just move to another
state, city, etc. and you business is portable because your business is portable.
#2. Your Own Schedule: This is a big one for me. If I have an appointment I do not have to ask for time
off work from a regular job. Because you can set your own schedule, it is also very easy to not work your
business in network marketing so you must become disciplined if you want to grow the business. You
only get out of it what you are willing to put into it. In a traditional business the same holds true as well,
however, you have a far greater investment at risk.
#3. Low Cost of Entry: With network marketing companies you can start with just a computer and a
small investment to get started. Some have even started with no money to invest. Only time and hard
work. If you were considering starting a traditional business, generally speaking, you are looking at
$50,000 minimum investment, just to open the doors. Franchise type of business would even be a far
greater investment of $100K, or more and most of the owners do not even start to see a profit for over
5 years. My question to you would be: Which would you rather invest, say a small amount of $1000 or
$50,000 or more?
#4. No Employees: This in itself should make you take a serious look at network marketing. There are no
payroll worries, tax worries, workers compensation worries like you would have in a traditional business
that are all cost associated with employees. No one asking for salary increases or just plain old making
sure others are getting the work done for you. The only employee you need to worry about is yourself.
#5. No Billing/Account Receivables: You do not have to worry about billing any of your customers, or
collecting any money, that is all handled online, and even if you sell physical products, the products are
drop shipped for you with most companies. In a traditional business sometimes you wait 90 days or
more to collect their money.
#6. Tax Benefits From A Homebased Business: This is a huge benefit. With a home based business you
will receive some of the same tax breaks that the rich are already taking advantage of. You can have
access to over 250 tax incentives that rich people know about and take advantage of! The tax benefits
alone are generally greater than the cost to get started.
#8. No Commuting: Just imagine the time and money you would save from not having to commute back
and forth to your business or day job. One thing we can never get back is time. Time is something we
seem to never have enough of. I personally do not consider sitting in rush hour traffic a good use of my
time.
#9. Security: We hear everyday of companies laying employees off. Cut backs. There is no such thing as
job security when working for someone else. With the shrinking job market and technological advances
leading to fewer and fewer people needed to do the same job as there once was. What’s more secure…
having one income stream with a job where you could be outsourced or downsized in an instant, or
additional income coming from a network marketing business? When you have your own network
marketing business you have the stability of your network. Yes, even in network marketing, there are
companies that come and go, but those companies, however, can not take your network. That is your
security in this business.
#10. Residual Income: Boy, this is priceless. I hope you can understand this amazing benefit and the
power of it. Network marketing allow you to get paid a residual income, even when you are not working,
plus it can grow month to month. Imagine when you retire and you still have that residual income
coming in for you.
#11. Training Already In Place And Readily Available: Because Network Marketing is a system which has
many independent distributors, the companies typically have training available at your fingertips. Why
not learn from those that have already proven there success.
#12. Receive The Help, Encouragement, and Support From Others In The Same Profession: I have
benefited so much from this. You will find that everyone is willing to help each other to succeed. Find
yourself a mentor to follow and work with. Generally in America everyone is out for themselves, clawing
their way to the top of the ladder. You will find network markets different. Everybody helps everybody
and you will find that you will be doing the same in a very short time.
#13. Personal Growth: This is big in my personal opinion and a synonymous with network marketing.
The personal growth you must experience along with the growth of your business is essential. You must
grow, especially if you want a large income. You must grow to become the person that helps others,
encourages others, and helps others to also get what they want out of life. If you don’t grow then you
will become stagnant.
#14. You Build Social Skills: You become a better person, which improves so many other areas of your
life. When you build your social skills other look forward to working with you and being around you.
#15. Allows You To Help Others On A Massive Scale: The ripple effect that your business can have on
others can be larger than you could ever imagine. Your personal impact can touch more people than you
will ever even know about. To people who love to help others this is a huge benefit. This reason should
be at the top of your priority list.
#16. Quickly Profitable: Unlike traditional businesses, which generally speaking take 3-5 years before
they even think about seeing a profit, in network marketing, depending on what you are doing, you
could see a return in days.
#18. Build Your Business By Using The Internet: The internet is changing the world as we use to know it.
The possibility of reaching a greater audience for your business is just at your finger tips. Here you can
focus on people who are only interested in what you are selling. This makes any advertising cost much
lower. With the traditional business, yes this can be done, depending on the type of business, but the
cost for a traditional business can be far greater than what you will experience because you are reaching
out to people one at a time.
#19. Ability To Work In A Stress Free Environment: Today people are working in a FEAR based
environment. With more and more jobs being outsourced, there are less jobs available. Employers can
pay less and require more, and this is happening every day. With network marketing you are working
from the comfort of your home, and the fear and stress are far less. You are creating your own dream,
not someone else’s dream.
#20. Ability To Involve Your Kids: Since you can work from home, you can involve your kids, and teach
them a strong work ethic and social skills. Working around your schedule is a plus in order to spend
more time with your kids taking them to that ball practice, with you being able to stay and watch. With
you kids around you, they see what you do, how you do it, learn how to be entrepreneurs, as well you
can also involve them in your business and have them do projects you choose for involving them in your
business. I can’t think of a better way to instill a good work ethic in your children.
I understand that network marketing is not for everyone, but to me it is a better way. If you are
considering network marketing, or if you are already a part time network marketer I hope this helps you
to appreciate what a great opportunity you are a part of . The friendships, personal growth, helping
other people, are all priceless. I have given you 20 Reasons Why Network Marketing May Be Your Best
Option, I could have give you many more.
You are your only limit. Bottom line is, you determine the amount of success or failure you have in
network marketing. It is like anything else in life. You get out of it what you are willing to put into it. If
you show up and work your business consistently, grow yourself, success will happen. So the only limit is
the one you put on your business.
If you are looking to join a marketing company , or want to find out what company I have partnered with
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The Fuel to Ignite Your Network Marketing Business
by Adam Kimmel | Content Marketing, Network Marketing | 3 comments
With so much recent interest in MLM companies, whose products typically focus on health the wellness,
how do you select an opportunity that provides you the best chance for success? The following are
some points to consider when assessing an MLM opportunity:
Stability – how old is the company? Is it a flash in the pan, or a sustainable business?
Products/services – do they solve a legitimate problem, who are potential clients, and are the products
consumable? The products and/or services offered must be excellent and should be consumable to
ensure repeat business.
Pay plan – how fair is the compensation plan? Out of each dollar raised, how much goes to new
distributors and how much goes to longer-tenured distributors? Do distributors need to purchase
products to sell (which should go into the income return on investment equation)?
The integrity of the company and management – what is the press about the company? Good company
culture, transparent business practices, etc.
Momentum/timing to join – how many distributors are currently selling (ideally less than 100,000), and
in what geographic region(s) are they located?
Support, training and business systems – will the company support you with excellent delivery, customer
service and new distributor support?
Content marketing network marketing
Content marketing connects you with the untapped cold market
My good friend Andrea Weiss, Presidential Diamond distributor at ItWorks Global, assessed the
company and the opportunity against these six guidelines in the fall of 2014, with the goal of paying off
her family’s lot before building their dream home. I recently conducted a virtual interview with her to
evaluate how she went from an MLM novice to an expert, earning an annual average of nearly $200,000
at her level.
AW: I have been in the network marketing industry for 3 years and as most business owners will tell
you, changes in how you operate are necessary for continued growth and success. When I started in this
industry, I utilized a lot of the traditional methods of growing my organization – emails and messages,
phone calls, coffee dates, and in-home meetings. These methods will continue to be the bread and
butter of network marketing; however, we are also in the age of social media, and many in this
profession are seeing huge shifts in the way they work and how to get the word out about their
products, services, and opportunity.
AW: Most network marketers start out introducing their offerings to their warm market – people who
know, trust and like them. This is an excellent start for those in the profession because it gives them the
practice and chance to dip their toes in the water with those they are the most comfortable with.
However, there will come a time when our warm market can “run dry”. That is when it’s absolutely
crucial to expand our network and reach out to our cold market – those whose needs we have a solution
for but who have yet to learn about us.
ASK: What have you learned in the 3 years you’ve been building your business?
AW: Lately I have been researching and learning a ton about this. What I am learning is the most
successful network marketers are those who provide valuable content to their audience – either
through education or inspiration. Long gone are the days of simply saying “Buy this!” Or “Look what I
have!”. With the influx of network marketers today on social media, it’s absolutely crucial to breaking
through the noise and be seen as an expert in your industry. The best way to do that is to provide much-
needed content for your target market.
Creating a blog and posting regularly is one of the best ways to deliver your messages. This is something
I have started, and I believe it will propel my business to new heights. However, there is a real time
commitment to managing this. Network marketers primarily focus on signing on new teammates,
training them, providing support for their current team as well as investing in personal development and
growth. Managing an online presence, while extremely valuable, can become yet one more hat for a
network marketer to wear.
ASK: How can you increase your online presence while maintaining focus on business development?
AW: This is where a content writer comes in. He can not only lessen the load but can also be an expert
in creating optimal and valuable content. Network marketers have a huge opportunity for massive
business growth via online space and content delivery. It is wise to take full advantage of this vehicle;
however, in order to effectively prioritize income-producing activities, outsourcing blog post and social
media creation to an external writer is definitely the way to go.
content marketing network marketingAndrea exemplifies the power of network marketing, and is
excited at the value external content marketing will add to blast her business into the stratosphere.
3 Comments
digital Signage company
digital Signage company on at
First off I want to say excellent blog! I had a
quick questrion that I’d like to ask if you do not mind.
I waas interested to know how you center yourself and coear
your head before writing. I have had trouble clearding my thoughts in getying my thoughts out there.
I truly do take pleasure in writing but it just seems like the
first 10 to 15 minutes are usually lost simply just trying to figure outt how to
begin. Anny ideas or tips? Cheers!
REPLY
Kiden Annet
Kiden Annet on at
Wow great, I love this thx
REPLY
MLM software
MLM software on at
Great post, thanks for sharing.
REPLY
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MLM company company or network marketing company is a profitable, sustainable and proven business
models lead by successful market leaders. Amway, Herbalife Nutrition, Mary Kay, Avon, Jeunesse, and
the list keeps growing.
Building a network marketing company is no differs from other businesses, it requires a lot of effort,
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Also known as multi-level marketing (MLM) or referral marketing, network marketing uses independent
salespeople – called distributors – who earn commissions on sales of a particular product – covered
under the company’s compensation plan – rather than working as salaried employees within the
business. These distributors are effectively salespeople who buy products at a reduced price from the
business in question, and then sell the products on within their personal networks, meaning they keep
the full amount earned from each sale. Well-known examples of network marketing businesses include
Avon and Tupperware, which originally sold products exclusively through individual distributors.
Another common feature of network marketing is that distributors are also encouraged to recruit other
distributors in addition to direct selling. Recruiting new salespeople typically earns distributors a small
percentage of each sale made by their new recruits, known as their downline distributors. These new
distributors are similarly encouraged to recruit their own downline distributors, forming the multi-level
network that MLM is known for.
Because of this flexibility, many people take on network marketing as a second income, working around
their full-time jobs in order to save money, pay off debt, or just have a little more disposable income and
financial freedom.
Skills development
Becoming a distributor in a network marketing organisation typically involves a robust training
programme, and often provides mentorship opportunities that can enable both professional and
personal growth.
The skills gained as a distributor within a network marketing role are often widely transferable as well.
For example, distributors need to:
Build strong professional networks and relationships with everyone from upline distributors to potential
customers.
Demonstrate leadership, particularly for downline distributors.
Communicate clearly and effectively, both in one-on-one interactions and during presentations and
public speaking opportunities.
Develop and adapt marketing strategies. For example, network marketing distributors are increasingly
building new networks online or even operating as an online business, so creating social media
marketing strategies for platforms such as Facebook and LinkedIn can help generate new business and
reach new target markets.
Keep on top of the latest trends in everything from sales techniques to events planning.
Profit and income
People who demonstrate strong sales abilities, along with energy, enthusiasm, and passion, can build a
profitable business through network marketing. It’s particularly suitable for those with an
entrepreneurial mindset, or who want to start their own business without many of the risks typically
associated with this endeavour, and can therefore create a steady income for themselves through an
MLM business opportunity.
Signs that an alleged network marketing business is actually a pyramid scheme may include:
The operation is focused more on distributor recruitment than on product sales, and pays more for new
recruits than it does for actual sales.
Distributors are required to pay for expensive starter kits in advance.
Information about the business is difficult to find online or elsewhere.
The products seem illegitimate or the compensation too good to be true.
Distributors are expected to pay significant amounts of money for registration fees, membership fees,
and large quantities of product straight away.
The company won’t buy back unsold products from distributors, even at a reduced price.
How to be successful in network marketing
Successful network marketing requires a number of key elements. Whether a distributor is just starting
out their operation, or is looking to expand their MLM business, it’s important to examine what network
marketing success looks like.
Is this the right company for me? MLM companies come in all shapes and sizes, and it’s important to
work with one that feels like a good fit. For example, does it sell products that the distributor can speak
about passionately and honestly?
What is my long-term business plan? Distributors should never assume that the bulk of their direct sales
will come from friends and relatives. Instead, they should develop business goals, an action plan, and
think like a marketing professional, developing a marketing plan to help stand out from the crowd and
ensure long-term viability.
Do I know everything I need to know? Distributors should take advantage of any training or mentorship
opportunities available to them through their MLM business.
Tips for success in network marketing
Once established as a distributor, there are a number of network marketing tips that can help increase a
person’s success rate.
Consider new ways of generating leads and marketing products. Think of online opportunities, such as
websites, blogs, and social media.
Use events to meet new people, educate potential customers about the products, and build or expand
networks.
Follow up with leads as well as with past customers to demonstrate commitment and reliability.
Understand the different network marketing systems
There are a few different systems or categories within the network marketing industry:
Single-tier network marketing, in which direct sales are the only source of a distributor’s income. Single-
tier network marketing also includes affiliate marketing.
Two-tier network marketing, in which direct sales and recruited distributors are both a source of
income.
Multi-level network marketing, which is similar to two-tier network marketing, but in which distributors
often earn a portion of their recruits’ sales.
Deepen your knowledge and skills in marketing
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All About Network Marketing
number of likes
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1.3k views
6 min read
Updated on Aug 16, 2022
e
Aquib Rahman
Sr. Executive Content
310 Blogs written
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What is network marketing? Is it even legit? If so, how should you start earning money with it? Find all
answers here.
While there are a lot of controversies surrounding the term, it has many advantages when done right.
Also, there are a lot more legit network marketing opportunities today in the digital marketing
landscape.
Learn about –
When these distributors are able to sell the product, they earn a commission from the revenue made by
the main company.
Overall, there are two main strategies to generate revenue through network marketing.
Lead Generation
It is nurturing the relationship with anyone who shows interest in the product. In network marketing,
the communication is done face-to-face and lead generation can be multifaceted in approach.
Here are some things to keep in mind when you generate leads.
There can be situations where the customer may want to turn into a distributor under you. So you have
to ensure that they have the right selling skills.
All in all, your first customers are likely going to be relatives and friends, so you can recruit them and/or
train them.
Also, companies usually suggest their distributors to sell products to the top 100 people you know.
Have a look at sales courses!
Recruitment
Recruitment in an organisation is a highly planned process. And since you are doing it alone, you may
want to consider some tried and tested tactics.
If you are trying too hard to convince the people you interact with – why they should join your
distribution network or even buy the product – they may perceive it negatively.
Try to incentivise them by offering them an initial sponsorship. Let them decide if they can help your
business instead of the other way around.
It is best if you do not put too much pressure on your new recruits. Instead, you can try showing
enthusiasm and encouraging them to do the same.
Focus on leadership qualities. You can offer coaching lessons to your new recruits and guide them on
how to convince others.
Check out free recruitment courses
Single Tier
In a single-tier network marketing model, you do not have to recruit anyone but sell products to your
contacts yourself. It is like affiliate marketing, where you join an affiliate programme and earn a
commission based on the sales from clicks and views.
Two Tier
The two-tier network marketing model is also followed by some affiliate programmes. Here you have to
recruit someone. Brands including Grammarly and Avon follow this model.
Benefit: You earn money from the business and from the sales your recruits make.
Multi-Tier
In the multi-tier system, there are more than two tiers. It is also called multi-level marketing. One
popular example of this is Amway.
Benefit: Every salesperson in the chain who is responsible for selling the product earns, and the ones
who recruit them also earn.
Advantages
360-degree Flexibility
Network marketing is not only flexible regarding work hours, but also, gives you an upper hand on
whom you want to work with. You can also find many businesses that follow this business model.
By promoting products you like or the businesses you truly believe can help your prospects, it becomes
easier to sell transparently and honestly.
Another thing to note is that you are not limited to recruiting personnel. You can grow your distribution
network and earn more revenue.
At the same time, for you as an individual promoting and selling other products, there is no real
requirement for a huge infrastructure. Even when you are unsure, you can just start by buying the
sample product and try to sell it yourself without too many overhead costs.
Limitations
High Drop-Out Rates
In the network marketing business, a few remain successful in the long run. According to the AARP Study
of Multilevel Marketing, 90% of sales representatives leave an MLM (multi-level marketing) business in
one year. But this statistic is debatable, as these representatives who leave are not well-trained in
marketing or sales.
One thing to note is that this marketing model has a low conversion rate, but if you pull through, there
can be a success.
All in all, the formula equates to becoming skilled in selling for one year. If your efforts are consistent,
you can convert your career from part-time to full-time in three years. To earn a high five- to a six-figure
income, at least five years in the network marketing business is required. To make it further, you need at
least seven years.
For example, if you type Amway on the search engine, its official website is the first result.
Also, do thorough research about their products. Ask important questions such as, ‘do they really have a
market demand?’, ‘are these products of good quality and reasonably priced?’, and so on.
You can even refer to our blog on the marketing mix to understand the most important aspects of
marketing.
Many experts suggest that you do not mention the name of the brand. Instead, you can try focussing on
building curiosity through actual customer/distributor testimonials and how they have been successful.
While you are at it, check out the free social media marketing courses too!
Parting Thoughts
So, what do you think? Is network marketing going to be your next step to earn residual income while
you work from home?
The thing is, network marketing is a double-edged sword. It has as many benefits as much as there are
an equal amount of disadvantages. But how you approach marketing, distribution, and selling a product
persistently will play a vital role in your success.
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Home Library Marketing Multi Level Marketing Multi Level Marketing Process
Multi Level Marketing Process
For those who have been exploring ideas and avenues to build an alternate source of income and are
ready to invest their time and energy into building a new business, Multi Level Marketing is the right
solution. With consistent focus and efforts, people have become millionaires doing business through
MLM networks across the world.
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The business of Network marketing essentially involves building network of distributors and selling
through the network. Though the business does not call for any investment in terms of capital, you will
need to invest your time and effort into the business.
It is but natural that you should be interested in knowing how to get started and what is involved in
managing this MLM business.
Training
Your first step in taking up the MLM business would be to become a distributor with the Company that
you have considered or decided to join in. As the business involves selling and recruiting distributors, the
company that you are joining or your sponsor will provide you with the detailed training on product as
well as on the art of selling.
The Company provides you with detailed product literature as well as promotional materials including
advertising materials and marcom tools to help you get started with the business. You will get to
understand the specifics of your Company’s product line, the quality and safety standards that they
meet up with, comparison against competition as well as on what questions are to be expected from the
people and answers to frequently asked questions etc.
Not everybody will be a born salesman. Especially in cases of people who are taking up MLM as an
additional business venture in addition to their main profession, they are likely to need an orientation as
well as detailed training to sell. Therefore most Companies also provide you with sales training apart
from product training. In case you are not being provided with sales training, it is better that you attend
a short workshop or a course to equip yourself with the art of selling. As the MLM business revolves
around meeting people, selling concept and helping people build the network; you will need a lot of soft
selling skills to help you conduct your business professionally.
Selling
Once you have been trained by the Company on selling, on product information and have been provided
with all the tools and materials along with starter kit, you are ready to start working. Your sponsor will
be available and working right through your training as well as helping you get started with the business
too. Your sales process will now involved prospecting or making a list of prospects, qualifying the
prospects, making an appointment with the prospects, meeting them and making a presentation of the
MLM business proposal, answering queries and helping them make up their mind to join the network
and following up with them regularly for a positive decision. Further on the process involves getting
them to sign up as distributor, providing training on product, selling as well as equipping them with the
tools, marketing materials and starter kit as well as motivating and working with them to help them
develop the network.
It is not expected that you will be perfect and achieve the desired results right away. As you start
working you will make mistakes and learn from your mistakes and experience too.
Besides recruiting and building your network of distributors, you will also try to build retail sales too.
Trying to build the retail sales involves making a list of prospects including your family, friends,
neighbors and the local community as well as your colleagues, your company and other companies
where you have known contacts too. There are many MLM distributors who focus aggressively on retail
sales too, especially to the companies. Selling to Companies and other user’s calls for one time effort
and you will find that the repeat orders keep coming in periodically without your effort. Then all that is
required is to spend time on managing the relationship and providing whatever service support that is
required.
End of the day, it pays to remember that MLM can be a huge success for you, provided you invest your
time and focus consistently over a long period of time. For any business venture to be successful you
have got to remain invested and focused. So is the case with Network marketing too. As you keep
working you will find your rewards coming through in the form of earnings as well as in the form of new
relationships that you build and not to forget, you become a better person with new and additional skill
sets too.
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Home » Blog » 18 Best Network Marketing Success Secret For Beginners
18 Best Network Marketing Success Secret For Beginners
Table of Contents
In this guide, we have brought down the practical network marketing success secrets which will be
worth your effort. But these are not rich quick methods or a sure winning method. Rather these MLM
tips are from our own experience that you can use to scale up your earnings.
But how do you know every aspect of your product and service? The simplest answer is to use it
yourself.
I mean just think about it, if you are using a product for a while you can be a better representative for
the feedback rather than a person who has never used it. Plus using the product has its own side
benefits, for example, you can know the real benefits of the product. What problem does this product
solve, how much quantity should this product be used for?
Just think about how valuable this information can be once you share it with other people. I personally
believe this is one of the simplest network marketing success secrets anyone can talk about.
2) know your target audience
Selling your product to everyone isn’t going to get you any sales. That is why it is important for you to
target the right set of perfect audiences for your product. Many a time people start by selling their MLM
business to their family and friends. Those may not be the ideal prospect to contact, therefore knowing
who is going to be interested in your product is very crucial for long-term success.
“In network marketing, the NETWORK always comes before the MARKETING” – by SILKE STAHL
It’s true because if you want to grow and create your own network of pyramids you need a list of people
you can contact. So bring up your phone contact and start writing down all the prospects you can reach
out to for networking.
The bigger the list and prospects you can come up with, the more business you can gather. Don’t forget
that you are not just selling products here but also making your own team who can do it along with you.
It is one of the cheapest mediums to reach your target market and promote your products. You can also
use video marketing for making attractive and engaging videos for better product awareness.
Moreover, with social media, you frequently provide information about your products and take instant
feedback this can further streamline your business communication.
5) No selling approach
The next step after list building is to communicate and invite those prospects. Make sure you don’t start
your calling directly with the sole purpose of business.
This is the biggest mistake bigger do when they first make a call. You first need to start with a general
talk and then come to your point of business. This is one of the oldest but most powerful MLM tips you
can take as a beginner.
For making this process more effective divide your prospect into the three category
Hot Prospects.
Cold Prospects.
New Prospect.
Hot prospects- are going to be the people you are closely in touch with. This includes people in your
family tree, school and college friends, neighbours, and the people with whom you connect on a daily
basis.
Cold Prospects- Under this category, you need to include people you know through a third-party
medium. Such as your friends’ family, and your relatives with whom you meet occasionally but are on
your connection list. People with whom you are connected socially, dig out your social media and find
them.
New Prospect- Not everyone around you knows you. So in order to build your reach, you need to start
connecting with new people. Making new contacts will lead to building a larger pool of networks,
remember network comes first before marketing.
So you need to select and nurture these people with the right communication skill set and attitude.
But how do you start communicating with the prospect from the above categories?
Entertainment- Have you heard about the latest series on the OTT platform?
As you can see the above formula helps you to start your communication. With every question, you are
moving your prospect towards the main reason for the call. Although you need to showcase your real
concern for them and create a trustworthy atmosphere. Not forcing them to buy your product and
services.
There is no magic wand or a network marketing success secret that can help you if you are not genuinely
interested in your prospect.
Tip:
Give Live examples through storytelling – After you have used the products now its time to start talking
about them. Be honest and tell people how much improvement you have got. You ca even give example
of other people and how much they have benefited through the products.
Make sure that these stories should be genuine enough to back them by proof. If you fake it, people will
know and the sad part is they would never believe you again.
Key
Motivating
Point
Every individual has a certain ambition and goal which he or she wants to achieve. We call them Key
Motivation Points.
While having a conversation with them, ask them which one of the following K-M-P they want to
achieve. How important it is for them to achieve it. What action plan do they have to achieve them?
Once you know the answers to these questions, tell them point-blank. What if I show you a way to
achieve your goals within a set time frame. This is the right time to show your plan. Tell them how
joining your MLM business can help them achieve their K-M-P.
I mean just ask yourself do any of these tips look like network marketing success secrets from any angel?
No right, because they are practical proven methods on how you can convince people to join your
network marketing business.
This has further been made easy with the help of digitalization through which you easily approach
potential prospects in Multi-level Marketing Business in a cost-effective way.
Therefore it is important to set the target on a weekly, monthly and quarterly level. Make a list of
people you are going to meet within a week. Set the follow-ups on time, and check the number of
conversions being made within a month.
By setting up small targets you can analyse your performance and set the next target accordingly.
Examining what has worked can help you improve further.
Therefore you should share the positive experience of people who have used the product before. This
will further build trust and influence the buyer to buy your product.
Frequently reading books and blogs can help you discover new ways of marketing. Try to get in touch
with an MLM expert in your niche to overcome new challenges and generate more business.
Stay updated with industry trends and come up with new ways to capture more leads by understanding
changes in consumer behaviour.
18) Follow up
Taking follow-up is important because people are not going to buy from you at your first meeting. It just
doesn’t work that way. So you need to get back to your prospect and resolve any questions and queries
they have. Make sure you have a positive intent and help them resolve their query.
Remember what we told you in the beginning, these are not rich quick methods. If it doesn’t work the
first time go back and analyze which step you can improve on.
Network marketing success stories
1) Sarah Robbins is a true example of an ordinary person turned into 7 figure multi-level marketer. Her
journey from being a teacher to an MLM leader is an inspiration for people trying to shift their careers
for better-earning opportunities.
In days of her insecure teaching career due to economic slowdown, she started with network marketing
as a part-timer. Soon within a year’s time, she was able to surpass her teaching job salary which led her
to take MLM business full time and level up her earnings up to 7 figures after years of hard work.
She has shared the best practices and systems she followed for her network marketing success in her
best-selling book “Rock Your Network Marketing” She is now transforming people’s lives by making
them join MLM careers for a better living as an MLM coach and expert speaker. You can read more
about Sarah Robbins by clicking here.
2) Jerry Scribner always wanted to outperform and achieve big goals in his life. But was shattered by
low income, living debt and unsatisfactory living conditions. But his urge for a lifelong commitment to
being a high achiever led him to enter the network marketing business.
He was given his first assistance in the field of network marketing by his friend. After which Jerry started
working up on personality development traits by following leaders i.e Jim Rohn and gathering resources
to learn.
His hard work and persistence transformed his life from being a construction worker to the 12th highest
MLM earner in an $860 million company.
3) Barry Chi & Holly Chen started their MLM journey with a Multi-level marketing giant i.e Amway
corporation specialised in manufacturing natural personal and beauty products.
Before joining the corporation, Ms Holly Che worked as a grade teacher in a small village in Taiwan. In
1982 they started selling Natural beauty products for Amway, and later on, dominated the US market
where she was selling the product to Chinese citizens.
For better growth, they expanded their network to Spain, Russia and France. After years of hard work,
their individual amount of earnings rose to $650,000 a month and $ 7,800,000 Monthly.
3) Multi-Level Marketing
Multi-level marketing works on a vertical pyramid model. There are levels of sales agents working under
the hierarchy for distributing and selling products. The earnings are dependent on sales made as well as
the product sold by the member below the hierarchy. Moreover, Name Driven and Market Driven are
two other types of strategies being used under the MLM model.
No inventory management- You don’t have to stack up inventories or a wide range of products with you.
Every time you make a sale, you are rewarded with a commission.
Potential to generate income- Multi-level marketing has proven to be a consistent income generator for
people. You can take it as a side business, or do it part-time. Although whichever option you choose will
have an effect on your income.
Less complicated to operate- Unlike any other business, you don’t have to invest your time in product
research, market research, or risk analysis. All you have to focus on is sales.
Multiple companies to choose from- There are many MLM companies available. We have mentioned the
best MLM companies below in this blog as well.
Not a rich quick scheme- If you think this is a model to make some quick cash then you are mistaken.
You actually need to put effort and time to build relationships with people and give them value.
It takes time to build a pool of networks- Creating and building networks down the hierarchy takes time.
So if you are not a person who can talk and build relationships with people. Then sustaining in this
business for the long term will be difficult for you.
How to overcome your fear of network marketing?
This is an illustration of people getting frustrated in discussion about network marketing
Few tips you can use immediately-
1) Good attire-
People judge you by your clothes first, so make a good impression in front of them. Now I am not telling
you to buy a $1000 suit. But wear representable clothes.
2) Smiling face-
Make sure you have a smile on your face to make the conversation smooth. Don’t overdo it, sometimes
people may take it in a different way. But yes always have a smile once you meet and leave the meeting
with your prospect.
3) Eye contact-
You need to be confident when showing business. Making eye contact allows you to back up your
information with the right set of body language.
4) Proper demonstration-
Make Sure you are prepared well and have all the needed material. You want to give a proper
demonstration in front of your prospect to take you seriously.
5) Latest information-
Be informed of the latest information that can help you in your sales pitch.
6) Keep it simple-
The most important success secret of network marketing is “KEEP IT SIMPLE”. You don’t want to
overcomplicate things with your prospect. It is important that they understand what you are saying and
don’t confuse them to take further steps.
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Aditya Soni
Aditya is the head of content at clearinfo and is responsible for improving the site's organic visibility. He
is a certified SEO trainer and has worked with SaaS companies and startups to enhance their digital
marketing presence. He is also an ahref fanboy. Click to connect with him on Twitter, and LinkedIn.
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How to start Network Marketing? The Complete Guide.
26/10/2021 by Bhupendra Lodhi
how to start network marketing
The majority of us want to earn money with minimum risk and minimum investment involved right?
Then why not go for network marketing?
Network marketing is the most popular form of earning money nowadays. From teenagers to adults,
everybody who is in college or sitting idle or simply wants to do something to increase their pocket
capacities is involved in this budding field of network marketing.
You may have casually heard or seen it in practical life around you by the name of affiliate marketing or
multi-level marketing but here you will read about what network marketing is exactly and how to start
network marketing.
Table Of Contents
WHAT IS NETWORK MARKETING?
HOW DOES NETWORK MARKETING WORK?
SKILLS REQUIRED TO WORK AS A NETWORK MARKETER
STEPS TO START NETWORK MARKETING
ADVANTAGES OF NETWORK MARKETING
DISADVANTAGES OF NETWORK MARKETING
EXAMPLES OF NETWORK MARKETING
CONCLUSION
FAQs
WHAT IS NETWORK MARKETING?
As the name suggests, network marketing in a layman’s language simply means promoting and selling a
product or a service within your own network of family and friends. Of Course, this does not just limited
to your family and friends but can be extended to people who you generally like such as neighbors,
colleagues, etc.
Businesses that follow a network marketing model often create a chain of salespeople. This means that
the salespeople they recruit are asked to employ their own networks of salespeople. The first party in
this case will get a certain amount of money often called a commission on their own sales and also on
the sales by the next party. A further tier of salespeople can be created, which will then result in more
commission to the first and the second party.
In order to start your journey in network marketing you must follow these steps given below;
STEP 3- AFFORDABILITY
You must know the right value for the product and service that you are selling. Something that is great
and at the same time affordable has always been the best strategy to attract customers. Depending
upon what audience you are targeting, you can set the rate for your products because ultimately it’s
them who have to buy it, hence your prices must not be hefty and rather be kind of affordable for the
people.
You can click on this link to become a part of the Amazon affiliate marketing program and start your
journey as a network marketer.
AMWAY
Amway network marketing
This is an American company that sells beauty, home care, and health care products. This is one of the
most popular network marketing companies and gives an idea of an accurate network marketing model.
The major attractive thing about this company’s network marketing model is that in order to be a
salesperson here, you just need to buy its product, and then you automatically start getting
compensation for the sales you make.
TUPPERWARE
how to start network marketing
It is a company engaged in selling kitchen products and is another known example of a network
marketing firm. It has a network marketing model where it provides bonuses and compensation on a
team base performance and also on an individual level. The company believes in the concept of directly
selling its products through its members.
HERBALIFE
HARBALIFE
Another example is a global nutrition company called Herbalife. This company helps people to pursue a
healthy life. It provides business opportunities that help people to achieve financial stability through
network marketing.
AVON PRODUCT
It is also a USA-based company which is now running for more than 100 years. It is certainly a great
example of network marketing since it is delivering the best quality cosmetic products through
multimedia marketing strategies. It was the world’s first Marketing firm which started in New York.
Today this firm has a turnover exceeding the US $10 Billion.
FAQs
In how many markets does Herbalife have its reach?
Herbalife has successful earnings of millions of dollars in around 80 worldwide markets.
Mr. Singh
07/06/2022 at 5:08 PM
I am feeling more confident after reading this blog about starting Network Marketing. really helpful
thanks for sharing this very useful information I really appreciate it
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Network marketing
Why and how to study network marketing
Why and how to study network marketing
Why and how to study network marketing
Sep 17, 2020 | Network marketing
Network marketing is often criticized. At the same time, it has been called the business of the 21st
century. Every year the network marketing industry grows by almost 2% worldwide.
The network marketing business model is habitually regarded with suspicion, but even the most
powerful corporations are no longer shy about using its elements and principles.
We know of at least two reasons to pay attention to network marketing. First, if you do it right you can
really earn a good income, including passively. Moreover, the amount of income only depends on your
efforts - it is for good reason that there are the most millionaires in the network marketing business.
Second, it is a great way to learn and develop skills that will come in handy in any traditional business
area. The modern network marketing businessman is, in fact, a master at a wide range of in-demand
professions, from marketer to sales manager.
How a network marketing business is organized in different countries around the world
The most developed network marketing businesses are in the United States and China. The USA is the
birthplace of multilevel marketing (MLM). The first companies that sold products through a network of
independent distributors began to appear here in the middle of the 20th century. Today, the country
has established legal regulations and supply networks.
Modern MLM companies are present in Asian and European markets. The first MLM companies
appeared in India and Russia at the end of the last century. It can be difficult for distributors to develop
their network in these countries because the business is not well established there yet. However, it has
a huge potential for growth in countries where network marketing has just emerged. And those who
start doing it first have a huge advantage.
Why you should do your homework before looking for your MLM company
In most network marketing companies, training is organized by partners. However, it can be unsafe to
come into MLM marketing with zero knowledge. Unfortunately, there are many "sponsors" on the
market who just want to collect an entry fee and are not going to give you any support or help in your
business. In addition, an MLM company may not be right for you. Therefore, before you take your first
steps in the network marketing business you should know:
what marketing plans an MLM company has and how you will receive income
how to create a passive income strategy that is right for you
how to choose an MLM company and assess the possibility of cooperating with it
You can get detailed answers to these questions in the «You Are Your Own Boss» course. It examines
the principles of the monetization of MLM companies. The course will also teach you more about how to
develop the business, recruit new partners, and avoid the typical mistakes of a beginner in an MLM
business.
Learning by topic
$499
More details
How to grow in network marketing
The key to being successful in network marketing is building your image. This is what the «Right Image Is
the Key to Success in Network Marketing» course is about. During the course you will develop a step-by-
step plan for working on your image that will help you attract new partners. You will also learn how to
communicate with customers on a completely different level, create your own sales funnel, and learn
how to find the right approach to any person.
If you are not sure yet whether to take a course in network marketing, you can take advantage of a free
offer from Lectera and take the «Kung Fu Recruiting in Network Marketing» course. In this course you
will learn how to attract new people to your network, remove objections, and recognize strong partners
in an instant.
If you are firmly convinced that you want to develop your skills in network marketing, then the
Megacourse is the best choice for you. It is a powerful tool that will help you improve yourself as a
businessman, salesperson, and charismatic leader. The Megacourse includes all of the courses in
network marketing, as well as courses on:
Sales. Selling is essential for an MLM business. In the Megacourse, Lectera specialists have selected
courses with the best life hacks of successful sellers, as well as courses on secret sales techniques such
as NLP and storytelling.
Leadership. A successful networker is a good leader. He knows how to attract people to himself and how
to inspire them. Anyone can become a leader. How can you do it? We will tell you in these courses.
Negotiations. The ability to competently conduct negotiations is necessary when you are recruiting a
person to your network and when you are negotiating a sale. You will learn all about how negotiations
work and how to conduct them in order to achieve your goal.
Emotional intelligence. Developing our emotional intelligence allows us to read another person like an
open book; to see through him. This helps to attract new partners to the network and develop
relationships with old ones.
Network marketing is an opportunity not only to make money, but also to improve your leadership and
sales skills, as well as develop proactively. Lectera courses are a great tool to do this as effectively as
possible.
Learning by topic
Network companies' features, tips on passive income formation, network marketing specifics
$4
More details
Digital Recruiting. Launch and Development of MLM Business
Course
Digital Recruiting. Launch and Development of MLM Business
Stages of working with a network structure, basic components of automation, the main tasks of using
CRM
$139
More details
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9 Simple But Powerful Marketing Secrets (You Can Learn) from Network Marketing Pros
By
John Engle
Updated on
June 9, 2023
9 Simple But Powerful Marketing Secrets You Can Learn from Network Marketing Pros
When it comes to marketing success, the network marketing pros seem to have a knack for turning a
lead into gold.
From harnessing the power of social media to developing creative sales funnels – they understand how
important it is to identify and target the right audience.
But, what might just be even more impressive than their ability to reach potential customers, is their
savvy approach when it comes to mastering simple (yet powerful) marketing secrets that can help their
business grow exponentially!
As digital entrepreneurs strive towards cultivating a successful brand presence online, this blog post will
explore 9 essential tips and tricks any entrepreneur or small business owner could use as leverage, while
kicking off a successful online marketing campaign.
Table of Contents
The answers to these questions may vary depending on the industry and products that you’re offering.
However, one thing is certain: knowing who your target market is, will make it easier for you to create
content, services, and products that they will find valuable.
Once the target market is identified, it’s important to treat them with respect and give them quality
information that will help them make an informed decision about your product or service.
Once you identify your target market – you need to make sure that you’re speaking directly to them.
You MUST understand your audience best suited for your small business opportunity
You must be in touch with their needs, their inner most desires for change
You must know what drives them to want to better their life
Use powerful language and visuals to draw them in with second to none, information.
This is your major driving force, your reason WHY you decided to make a move and become an online
marketer.
Make sure it’s strong and you have it written down in a place where you can look at it on those days
when speed bumps seem to appear around every corner.
Related Article: How to Find Your ‘Why’ – Your Ultimate Source Of Motivation
If your ‘Why‘ isn’t big enough to keep you driven, then I am sorry to let you know, statistics state that
the chances of you continuing, are NOT in your favor.
It’s suggested to leave your friends and family approach tucked away, for just a little while, at least until
you understand marketing a little better.
Well, depending on what your marketing is all about, it simply means that you’ll find much better
success if you target people who are already looking for what you have to offer – rather than trying to
sell your product or service to people who have no interest in it.
This way, you’ll be able to build a list of leads that are already interested in what you have to offer – and
will be much more likely to purchase your product or use your service.
The network marketing professional will never chase their family members or friends attempting to
convince them that this is the best opportunity to cross their paths since the invention of the wheel.
Like any marketing business, there’s a learning curve to overcome, so be patient and hang in there.
See what other successful marketing pros are doing and learn from their successes.
Doing this will cause you to begin mimicking the way a successful marketing professional acts or thinks.
The top leaders and top income earners in today’s marketing world are also top learners.
These marketing professionals are avid readers with a daily ritual of self-improvement.
If you were to research any of these leaders, you’ll discover that they have a sizable bookshelf of
accomplished reading.
Simply put, if you take a look at anyone who’s made a significant amount of money in any online
marketing industry, you’ll be assured that they work on their personal development daily and have the
library to back it up.
Tip – If you want to see significant growth from your marketing efforts, you must constantly improve
your knowledge. Read Success books, research the Internet for Social Media Strategies, along with
Marketing Tips. Plus, any other topics to position yourself to be successful.
Related Article: 10 Things Rich People Do That Poor People Do NOT – The Habits of the Wealthy!
#6 – Marketing Pros Include Social Media in Their Everyday Business Activities
Are you still skeptical about the power of social media marketing to aid in the increased exposure of
your business?
If your online business doesn’t have a social media program in place to help spread the word about your
business, then you’re missing out.
The basis of any good marketing strategy would be to include social media in your daily business
activities.
There are many locations to begin the building of your business relationships… one good place to start
would be to focus on Facebook groups within your niche.
You MUST be consistent in your actions… without actions on a consistent basis, your business will fail.
Related Article: The Secret Software Used To Build His Online Empire… (It’s Free!)
When posting content, consistency is key. Not only is it better for SEO rankings with the major search
engines, but when your followers see you posting at a certain time, they come to expect it.
If you want your followers to remain loyal, you MUST remain consistent.
Even if you’re not seeing the results that you want in your marketing business, don’t give up.
Some days will be tougher than others. Keep in mind that virtually every network marketing pro had
thoughts of doubt at one time or another, but they kept pushing on, which brings me to my next tip.
The successful network marketing professionals of today at one time or another, had thoughts of
quitting but didn’t, and that’s why they are where they are now… TOP INCOME EARNERS!
Marketing, like any other online business, does take time to be found, but be assured the Results WILL
SOON Follow!
Make sure you’re the reason they show up to your blog, using your own voice and your own personal
touch, to relate with your audience.
Make sure when your readers see that you’ve put out more content that they say to themselves, “I gotta
go see what he wrote because this guy gets me, and I trust him and all he says!“
Nutshell: They’re buying into YOU! Even if they’ve heard about whatever you’re offering from another
source, they’ll open their wallet and pull out their credit card and make the purchase, because they
believe in YOU, and what you have to say.
I’m sure that there is someone in your life that you like, trust, and look up to!
If this person were to say to use a particular product that will help you shed those last few unwanted
pounds, wouldn’t you give it a go if you were told it would accomplish what you desire?
To get to the point… one important way to build trust from your readers would be to provide value-
based content that your audience can benefit from, with no expectations from YOU.
Providing this worthwhile information will create a spellbinding magnetism causing your audience to
develop a thirst for more.
This action alone will build trust and in turn, your readers will begin to like you, and look up to you as an
authority in your niche.
If you’ve heard of attraction marketing before, you’ll know that one of the rules that attraction
marketing is based on is Value, to Over-Deliver beyond the reader’s expectations.
Conclusion – Marketing Secrets of the Network Marketing Pros
The fact that you’re reading this article indicates to me that you are researching for any and all means to
grow your small business, and I applaud you.
Do not take any of these secrets of the marketing pros lightly… every tip mentioned here is grounds for
greatness.
keep in mind that these marketing tips will not create a windfall of money, prospects or leads.
Building any business, including a network marketing business, takes time to evolve… it will NOT be an
overnight success.
If you were to read stories of the top income earners in our industry, you’ll discover that the majority
had struggles and hardships.
Most of the network marketing pros had a record of monumental failures in their business before they
finally stumbled across something that worked for them.
If you were to take just one of the suggestions and begin implementing it tonight, you will drastically
change your small business forever.
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How to Choose Best Network Marketing Company?
How to Choose Best Network Marketing Company?
by NASP Team
Networking
|
Sales and Marketing
Network marketing has been around for quite some time, with some of the oldest network marketing
companies out there claiming to have been around since the late 1800s. In the 1980s, this business
model exploded in popularity in the United States, as many people were drawn to its flexibility and low
setup costs. And it’s still just as popular today.
But what is a network marketing business, exactly? How does this business model work? What are its
advantages and disadvantages?
This article sets out to answer these questions and advise you on choosing a network. So, if you’re
curious about network marketing and would like to find out more about this business model, read on…
Most often, these salespeople work from home and choose their own hours.
As the name suggests, people in the network marketing industry will have to build a network of people
to sell to as well as a network of other salespeople to generate leads and sales conversion. Some
network marketing companies are multi-tier, meaning salespeople are also tasked with recruiting more
representatives.
But what is networking marketing focused on selling, you may wonder? And the answer is: pretty much
anything! Cosmetic items, wellness products, household goods—these types of products and many
more are sold using this business model.
We’ve explained what a network company is, but why are so many people drawn to this line of work?
The next section will answer this question, while also explaining a few potential downsides to be aware
of.
What is it about this business model that attracts so many people? Below, we’ve explained some of the
main benefits of network marketing.
Of course, this business model is not without its flaws. Networking company representatives tend to
believe that the overall rewards of network marketing outweigh the drawbacks – and so many people
are drawn to these companies. Let’s look at some benefits and draw backs in more detail.
Pros
Work from home. Especially with e-commerce network marketing growing in popularity, working from
home has become a viable option for many. This is one of the biggest draws of this line of work.
Flexible hours. Network marketing is also popular, as it gives you complete control over your working
hours. If you’re someone who values having a flexible schedule, work like this can be a great fit for you.
Low set-up costs. The low set-up costs associated with this business model is another reason why
network marketing is a popular choice. While prices differ between companies, representatives usually
only have to pay a very small initial fee when starting up.
Cons
Takes time to grow. Even the best network marketing opportunity in the world takes a lot of hard work
to get off the ground. You’ll be given the necessary marketing materials and will have the support of an
experienced team behind you, but it might still take time to grow a presence.
Possibility of rejection. The most profitable network marketing businesses out there have still had to
overcome rejection to get where they are. When you first start out, you may have dismally low
conversion rates—but don’t be discouraged! Persistence is key.
Illegitimate businesses. Network marketing sales companies are viewed with suspicion by some people
—and not without good reason. Unfortunately, there are some people out there who run scams
disguised as network marketing businesses.
Research the company thoroughly. Always make sure to research the company. See what customers and
representatives alike have to say about it to determine if it’s the type of place you’d like to work at.
Choose a company that appeals to your interests. Make sure the network marketing product you’d be
selling is one that’s relevant to you and your passions. That way, you will be a more effective
salesperson.
See what training they offer. It’s important that you know what sort of training is offered by the
company and from other places. Without this support, you will not be able to operate as effectively as
you otherwise would.
When you become a network marketer, you join a worldwide community of salespeople who have
taken on this very same challenge.
In the event that you do decide to look more seriously into joining a network marketing business, keep
this article and it’s advice in mind.
About the author
NASP Team
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HOW TO BUILD YOUR NETWORK MARKETING BUSINESS ONLINE
BY MARK WALDRON | 16 AUG 2021 | NETWORKING | 5 COMMENTS
Keep reading to find out how to get started with your network marketing business online, and how you
beat your competitors.
Content Is Key
When you’re building your network marketing business online, content is key. When you begin, it can be
tough to think of content ideas as you have so many options – in this case, it’s best to narrow down your
business goals and create content based on your findings.
You should post content regularly, but don’t post anything that isn’t interesting, informative, or useful.
For best practice, create a content planner for each day of the week.
This can apply to social media posts as well as blog posts – make sure you’re posting at least twice a
week.
Planning your content in advance can also free up time for other important aspects of your network
marketing business, such as business plans and reaching goals.
Many people also schedule posts, using apps such as Hootsuite. However, most content scheduling
sites/ apps will cost money.
If you’re struggling to think of content ideas, try to get into the mind of your audience. What do they
want from you? How can you help them? What do they need to know?
Posting educational content is always useful for your audience. Write about tricks and tricks regarding
your industry, or create free resources or printables.
As well as creating original content, it’s good to share other people’s content that reflects your brand
identity and values.
Make sure everything you post is accurate, as any misinformation can be damaging to your brand’s
reputation. When you post, aim to get some engagement.
End most of your posts with a call to action – things such as ‘How do you ____? Let us know in the
comments or ‘What did you think of our post?’.
It can help your business in various ways – it can help to drive traffic, liaise with customers, increase
sales, meet new clients and customers, and build the reputation of your business.
Social media marketing can take place on any platform, whether it be Facebook, Twitter, Youtube, or
LinkedIn. Having a strong online presence on different social media platforms can widen your reach, and
grow your business.
Moving online will reach far more people than your local area – after all, there may only be a few
thousand people in your local audience, but expanding online can reach millions if done correctly.
However, if you’re new to social media, then it’s best to ease yourself in. Instead of creating accounts on
every social media platform possible, dedicate your time to just one or two main platforms – for
example, Linkedin and Twitter.
This will give you chance to gain a better understanding of the scene, as each platform has different
audiences, and you should adopt a different approach for each platform.
Twitter, for example, is best for gaining a following and sharing snippets of information, whereas
LinkedIn is great for networking and sharing longer pieces of content, videos, and images.
Break down this plan into weeks, and then days – this is to make sure that you’re doing everything you
can to build your business.
Many successful network marketing companies will have incentives and bonuses in place to encourage
meeting regular goals.
If you’re a one-man show or a small business, this can be done on a smaller or more personal scale – for
example, if you manage to gain 100 followers in a week, celebrate by going for drinks or sharing a
celebratory post to social media.
Network marketing revolves largely around numbers, and if you’re sticking to your action plan and
reaching targets, you know you’re doing a good job.
Setting goals can motivate you to push forwards and grow your business the best you can. Try to set a
goal that requires hard work, dedication, and a little sacrifice.
However, it’s important to ensure that your goal isn’t too unrealistic, as this can lower your motivation
and leave you feeling disheartened.
If your goal is money-orientated, it’s especially important to ensure your goal is realistic. It can take a
long time for new businesses to build a steady profit, and this also applies to network marketing
businesses.
If your goal is money-orientated, avoid setting a strict timeline, as you’ll either feel bad if you don’t meet
the deadline, or you’re limiting your success to a certain figure or date.
Tracking your goals is key to reaching your goals. Although there will be ups and downs, tracking your
actions and goals can help you identify any negative patterns and give you insight into where you need
to improve.
It can also reassure you that you’re on the right path, so make sure you’re making a note of your goals,
and what actions you’re taking to reach them.
To meet your goals, you must get into the mindset that your business is your full-time job. Put all the
necessary work in and don’t procrastinate on the tedious aspects, as you’re only harming yourself in the
long term.
If you have an office, print your goals off and pin them up on your wall or place them on your desk –
make sure they’re accessible so you’re reminded of your goals.
If you work from home, pin a piece of paper with your goals on them on places you’re likely to see
regularly – your bathroom mirror, your kitchen cabinet, or even make it your laptop lock screen.
Goals become a lot more real when you’re constantly reminded of them, which can encourage you to
push forward and succeed.
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Top 10 Network Marketing Companies in India
A network marketing company offers us to earn extra in our free time. It is considered the best source of
extra income over our regular income without any background knowledge and experience.
In this article, we will look at the top 10 network marketing companies in India at present. Before we go
to the top 10 network marketing companies in India, we will first have a brief look at Network
marketing, what it is and how it works. We will first decode the network marketing, and then we will
look at India's top 10 network marketing companies. So, let's start with what network marketing is and
why it is called MLM.
Network marketing, also known as direct selling, is multi-level structured marketing, which is why it is
also called multi-level marketing (MLM). Network marketing or multi-level marketing is a pyramid
structure or style marketing strategy where a particular product is sold by the chain of individuals, not
by any specific shops. This chain of individuals or individuals does not have a fixed salary as in other jobs,
and they earn by getting commissions on the products they sell or the service they provide. The
commission on sales for an individual depends upon the individual's structure or position in the
company's pyramid structure. Individuals present at the higher position in the company will get more
commission, whereas individuals present at the lower position will get less commission on the sale of a
product.
Network Marketing Company
A company or service provider who follows the pyramid structure or technique for selling its products
and services is called a Network marketing company or MLM (Multi-level marketing) company.
According to the current data, in 2021, more than four hundred MLM or network marketing companies
will be present in India. The government also approves of India, and they all are working on a big scale
somewhere.
Example of Network marketing companies: Today, many popular network marketing companies are
present in India. We surely have come across at least one of them or encountered with their employees
in our life. Amway, Forever 21, Vestige, MI lifestyle marketing global private limited, Oriflame etc., are
the name of some of the popular network marketing companies.
Among all the network marketing companies, the one who follows the pyramid model on a regular basis
creates different tires of salespeople or, correctly to say, a salesperson for them. These salespeople are
encouraged to add more salespeople to their company. In such companies, creating another tier of
salespeople also gets some number of commissions to people sitting at the upper positions of the
pyramid structure or upper tiers.
Following is the list of top 10 MLM or network marketing or direct selling companies in India in 2021:
Amway India
Forever Living
Mi Lifestyle Marketing Global Private Limited
Vestige
Future maker
Herbalife
Avon
RCM
Oriflame
Modicare
These are the top 10 network marketing companies in India that are running their operations in India.
Additionally, these are very popular and have a good reputation. We have seen the list of 10 network
marketing companies in India till now, and now we will look at the brief detail about each of them and
understand them and their operations.
1. Amway India
Top 10Top 10 Network Marketing Companies in India
Amway India is one of the most popular network marketing companies in India. It is also one of the
oldest network marketing companies functioning in India. However, Amway is not an Indian origin
company, as the name suggests. Amway is an American brand that uses the MLM marketing model to
sells its products, but it has a huge impact in the Indian market. It has warehouses in more than 34 cities
of India and 140 head sales offices across the country. The owner of Amway is Richard DeVos, and it sells
various health-related and personal care products. The Amway Company has a portfolio of more than
200 products that almost covers every segment related to health and personal care needs with a unique
offer regarding free products. Amway India provides most of the products that fall in the FMCG category
at very competitive rates.
This company has more than 150 products in its portfolio, which covers almost every product from each
segment they offer with a unique offering related to free products, and almost all of these products are
available in the Indian market. Although Forever living products is a foreign company, it has a huge base
and stronghold on the Indian market, and it is growing more and more with time.
4. Vestige
Top 10Top 10 Network Marketing Companies in India
Vestige marketing private limited, commonly known as the Vestige, is an MLM or network marketing-
based company established in 2004. Since then, it has been growing at a phenomenal rate with every
passing year. Vestige is one of the leading network marketing-based companies in India which is dealing
with world-class products and services related to personal care and healthcare categories. Vestige has
more than 200 products in its portfolio, which covers almost every segment related to healthcare and
daily lifestyle-based products and provides all these products at very competitive rates with a unique
offering related to free products. We can directly analyse the quality of products and management
systems as well as the marketing plan of the Vestige by the volume of its growth rate. Vestige is a direct
selling strategy-based marketing company that is also an associated member of the IDSA (Indian Direct
selling association).
5. Future Maker
Top 10Top 10 Network Marketing Companies in India
Future Maker Life Cares Private Limited, known as Future maker, is MLM or network marketing-based
company. Future marketing, a direct selling strategy-based company, is one of the leading MLM
companies in India, growing rapidly, was established in 2015. The head director of Future Maker Life
Cares Private Limited is Bansi Lal. It sells various products related to the health care category, personal
care category, home care category, etc., directly to its consumers.
6. Herbalife
Top 10Top 10 Network Marketing Companies in India
Herbalife, a company based on MLM or direct selling strategy structure, is a global nutrition company
that has helped so many people around the globe to achieve and pursue an active and healthy life
through their products. The Herbalife company provides all its products at very competitive prices (for
all the products belonging to the FMCG category) even with the traditional MLM or direct selling
approach. Many people in India support the products and the Herbalife company to help bring food and
good nutrition to children. It is one of the major reasons that the company is so popular in India.
Herbalife has more than 100 products in its portfolio, which covers almost every segment related to
healthcare, daily lifestyle and nutrition value-based products and provides all these products at very
competitive rates with a unique offering related to free products. Herbalife is a direct selling strategy-
based marketing company that is also an associated member of the IDSA (Indian Direct selling
association).
7. Avon Products
Top 10Top 10 Network Marketing Companies in India
Avon Products, also known as Avon, is a direct selling or network marketing-based company, and it
includes markets and manufactures cosmetic and beauty related products. Avon Products has three
categories for their products: Beauty, Home and Fashion, and they sell almost all of these products from
every category into the Indian market. Avon Products has more than 200 products in its portfolio,
covering almost every segment related to cosmetic & beauty, home and fashion-based products and
providing all these products at very competitive rates with a unique offering related to free products.
Avon products were founded in the year 1886 by David H. McConnell, having it headquarter in New York
(NY), the USA and it operates through the following five geographic portions of the globe: North
America, Western Europe, the Asia Pacific, Latin America, Middle East and Africa and Central & Eastern
Europe. Avon Products is the second-largest direct selling or network marketing-based company globally
after Amway had a total turnover of $4.7 billion in 2019.
8. RCM
Top 10Top 10 Network Marketing Companies in India
RCM limited, commonly known as RCM, is one of the largest direct-selling or network marketing-based
companies present and operating in India. It has a network (salespeople associated with the company)
of more than 10 million people in India itself. RCB sells its products directly to its consumers through a
chain of consumers (a common process in network marketing). It has a clear vision with a proven plan to
be the biggest network marketing company in India and around the globe. That company is one of the
most popular companies in India. RCM has more than 150 products in its portfolio, covering almost
every segment related to healthcare, daily lifestyle, home & kitchen, agriculture and nutrition value-
based products and providing all these products at very competitive rates with a unique offering related
to free products.
9. Oriflame
Top 10Top 10 Network Marketing Companies in India
Oriflame, a company with a 'natural Swedish cosmetics' tag, is a Swedish (Sweden-based) beauty
company. Despite the fact that it is a foreign company, it has a huge base and market holding in India.
Oriflame is a solely MLM or direct selling approach-based company like the others we have talked about
(RCM, Amway). If customers want, they can also directly purchase the product of the company from
their official website. Oriflame has more than 100 products in its portfolio, covering almost every
segment related to cosmetics, daily lifestyle, and beauty products.
This company is not a solely MLM strategy or pyramid structure following company. Moreover, almost
all of these products from every category are available for the Indian market. However, we have
included this in our list because it is one of the most popular and prime choice companies in the Indian
market.
10. Modicare
Top 10Top 10 Network Marketing Companies in India
Modicare, a direct selling or MLM strategy following company, is one of the fastest-growing companies
in the Indian market. Even after the inception of the Modi Group of Industries, the company's core
philosophy has always remained unflatteringly consistent. The core philosophy of Modicare or Modi
group of Industries is- to engage, enlarge and enhance the lives of the people and their consumers. All
these values remained at the heart of it when Modicare was established in the year 1996. As part of
Modicare's glorious legacy, it has always been the longstanding tradition of giving back to its consumers
while making their future more secure and changing their life in better shape. Modicare sales directly its
products to its consumers through direct selling or network marketing approach following a pyramid
structure.
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With all this money floating around in this space, many people look to network marketing as a possible
source of part-time income or more.
Let’s take a look at what network marketing is and what some of the most profitable MLMs look like as a
worker.
Runner Up
Amway
Amway
Learn More
Incredbily large range of products, from home to beauty
Also Great
Herbalife
Herbalife
Learn More
Health supplements and other wellness products
Amway
Market America
Avon
Herbalife
Nu Skin
Infinitus
Vorwerk
Natura
Pharmaex
Coway
Tupperware
Young Living
Oriflame Cosmetics
Rodan + Fields
Jeunesse
Which Is the Top-Rated Network Marketing Company?
When it comes to rating MLM companies, revenue tends to be the way most people go.
These companies can generate a large amount of revenue for themselves with the right product and
salespeople.
Amway: $8.8 billion in annual revenue and a company net worth of $4 billion.
Jeunesse: $8 billion in annual revenue and an average company growth rate of 17% each year.
Natura Cosmetics: $7.77 billion in annual revenue and a company net worth of $5.7 billion.
LG Household and Health: $6.6 billion in annual revenue and a company net worth of $23.4 billion.
Isagenix: $6 billion in annual revenue.
Which Is the Best Paying Network Marketing Company?
Overall, earning a livable wage with network marketing is tough.
You don’t have the same support system in network marketing that you do in other forms of marketing.
Because there isn’t that support system there to help you out, many folks stumble along while trying out
this style of venture.
In general, Tupperware and Nu Skin offer the highest average incomes for their sales folks.
Neither of these companies reports high earnings though.
On average, network marketers for these companies make between $150 to $200 per month, which
won’t cover more than a few small bills.
On the plus side, neither of these companies have expensive starter kits.
It takes a large number of sales to earn $1,000 each week with the products you will market.
[/area]
Generally, these companies encourage their sales reps to create business partners or hire teams that
can help with things like finding leads for sales and closing deals.
The term goes by several different names, such as multi-level marketing, affiliate marketing, cellular
marketing, referral marketing, and consumer-direct marketing.
By using this style of marketing, the MLM company creates a sales force that can market and interact
directly with customers.
Rather than having the company create brand deals with retailers or setting up warehouses for online
stores, the company instead uses its sales force as an almost decentralized resource for leading and
generating sales.
To get the community in the know, some sales teams for network marketing companies will work with
other marketing firms that can create eye-catching ads.
Since many of the sales teams in network marketing companies come from locals, advertising is different
than what other larger brands will do.
Instead of wide-scale online ads, networking marketing relies on understanding the local area and how
to reach the people that live in the community.
A marketing firm from the area can help hone in on strategies that work for the area.
Advantages
The advantages we have seen for companies using network marketing include:
A network marketer will have to put in a lot of work to create the kinds of returns possible through
network marketing.
While starting a business is expensive, the starter kits for most network marketing companies are pricy,
too.
Many pyramid schemes in the past called themselves multi-level marketing companies, resulting in
negative stigmas becoming associated with the term.
What Are Network Marketing Programs?
Network marketing programs refer to programs offered by companies to sell their products or services
via network marketing.
Let’s take a look at what these programs are like and how they affect the network marketing industry.
By offshoring those concerns to a sales team across multiple communities, the company can instead
focus on manufacturing their goods and improving on them.
The problem comes from the fact that many pyramid schemes in the past styled themselves as multi-
level marketing companies.
However, rather than focusing on generating sales, these schemes instead searched for new folks to buy
expensive starter kits of goods that barely worked.
The AARP Foundation did some research and found that just over 3% of participants in network
marketing programs make over $25,000 per year.
The truth is that many of these companies are tough to earn an income from.
Between a combination of how these programs are structured and the fact that not everyone has an
entrepreneurial spirit, it’s not surprising that many folks don’t see huge rewards from these programs.
They have a large range of brands they sell, including iCook, Nutrille, and Artistry.
Best For
For folks looking to work with the highest-grossing health and beauty MLM company, Amway is a great
choice.
This company is also a good choice for folks that can afford a somewhat expensive starter kit.
Notable Features
Amway has some notable features for working with them, such as:
Decent discounts on Amway brands for both home use when selling to others
You can specialize in one part of their catalog or generalize to reach a wider market
Amway rewards their marketers with both commissions on sales and with a portion of the commission
earned by folks you recruit.
Company Revenue
In 2019, Amway earned $8.8 billion in revenue for the year.
Most marketers for Amway earn less than $2,500 per year.
Our Take
With decades of history and a broad catalog of products to choose from, Amway is a solid entry point for
folks new to the network marketing world.
2. Market America
screenshot of the market america homepage
Market America offers a huge range of products and services for marketers to sell.
Best For
Folks were willing to risk an expensive upfront cost to see if they can crack into the top earner’s charts.
Notable Features
Some of the biggest perks to working with Market America include:
Marketers who work with Market American earn a high commission on the items and services they sell
on top of large kickbacks from recruiting new folks
With more items in its catalog than most other MLMs, Market America has plenty of space for one to
specialize
Training and software packages to help get you started when you join their team.
Company Revenue
As of 2019, Market America brings in about $7.3 billion per year.
Our Take
Unless you’re willing to put in a lot of time and effort into selling and recruiting, Market America doesn’t
seem like a good fit for most people.
3. Avon
screenshot of the avone homepage
Avon, while mostly a beauty and skincare product MLM company, also dabbles in other areas such as
fashion and wellness products.
With their many years in the business, Avon has put a lot of effort into building its network of network
marketers.
Best For
Folks that feel comfortable using direct selling tactics to move beauty products, personal care products,
and other similar items.
Notable Features
Here are the notable features of working with Avon:
The company offers a 25% commission for orders over $40, meaning many orders qualify for you to earn
money on them.
The company has been around for 150 years, meaning that there’s little risk of you falling into a pyramid
scheme.
With the range of both men’s and women’s products in their catalog, you won’t be hurting for beauty
products to sell.
Company Revenue
In 2019, Avon brought in roughly $5.3 billion in revenue.
Our Take
Unless you become an MLM leader for Avon, don’t expect huge returns.
This could be a decent side gig for someone passionate about beauty products, though.
4. Herbalife
A screenshot of the herbalife homepage
As a nutrition MLM company based in the United States, Herbalife offers health supplements and other
wellness products.
Best For
For folks with an interest or expertise in nutrition, Herbalife would be a good fit.
The range of supplements and skin and hair products will be products well-known to any health buff
making them an easier sell.
Notable Features
Some of Herbalife’s biggest features include:
No minimum purchase amounts and a 12-month, money-back guarantee for folks that become an
Herbalife rep.
The training materials and information you get as part of starting your work with them are a decent
primer to learning about nutrition.
Herbalife has an active distributor community for getting folks involved and oriented.
Company Revenue
Herbalife reportedly made $5.5 billion in 2019.
Still, it seems like many folks report earning less than $1,000 per year.
Our Take
While the earnings don’t stand out, the community and assistance Herbalife offers are solid.
This MLM business would be a good fit for anyone interested in healthy living.
5. Nu Skin
A screenshot of the nuskin homepage
Nu Skin is a multi-level marketing company that also specializes in skin and beauty products.
However, the company also has committed itself to a social responsibility program as part of its core
ideals.
Best For
Many an MLM company sells beauty products, but folks interested in anti-aging products will fit in well
with Nu Skin.
Their ageLOC product is among the most popular of their catalog items.
Notable Features
Some of the big features of working with Nu Skin include:
6. Infinitus
screenshot of the infinitus homepage
While many network marketing companies offer personal care and nutrition services, Infinitus gives an
array of traditional Chinese products for buyers to use.
Best For
For the health nuts across Canada, Australia, and Asia, the products Infinitus offers will appeal to you.
In addition to health food, the network marketing company also has herbal supplements and skin and
health care products.
Notable Features
Some of the biggest features of working with Infinitus are:
A network marketing company trying to bring more transparency to the space with detailed earnings
reports.
A global reach extending to Canada, Australia, and much of Asia.
The ability to get started selling Infinitus products for only $25.
Company Revenue
In 2019, Infinitus brought in $3.41 billion in global revenue.
Our Take
While the idea seems cool, it seems that Infinitus has a lot left to do to bring more transparency to MLM
businesses.
In the meantime, this company will be an okay way to earn some side income in select countries.
7. Vorwerk
A screenshot of the vorwerk homepage
Vorwerk is a direct selling company that specializes in kitchen appliances and other home goods.
Best For
For the chefs and healthy eaters in North America, Europe, and China, Vorwerk could be a good fit for
you.
Notable Features
Some of the key features of working with Vorwerk include:
However, there are many first-hand reports that, like other MLM companies, Vorwerk reps don’t earn
much.
Our Take
While Vorwerk sounds interesting as a possibility, the lack of info on how much they pay their reps is
disheartening.
Without knowing how much these folks offer, it’s hard to recommend them to folks.
8. Natura
screenshot of the natura homepage
Based out of Brasil, Natura is a personal care product business with offerings for men, women, and
babies.
Best For
Given their sustainability initiatives, Natura would be a good fit for anyone looking for sustainable
cosmetics.
Notable Features
The notable things about working with Natura include:
A commission-based affiliate marketing program including free shipping for certain size orders.
50 years of experience in the personal care product space, which they use to create their newsletter for
representatives.
Expansion into the mobile market, including a meditation app.
Company Revenue
Natura made $7.77 billion in revenue in 2019.
Average Network Earnings
Natura offers no specifics on how much their reps tend to get paid or how expensive it is to receive your
starter kit as a new rep.
Our Take
Once again, a lack of info about the financial side of things means that it’s hard to recommend Natura as
a side venture, let alone a serious opportunity.
9. Pharmaex
A screenshot of the nuskin homepage
As a department of nu Skin, Pharmaex is a health supplement company that deals mostly in vitamins
and herbal treatments.
Best For
As another MLM business selling health products, having some prior knowledge about this otherwise
technical field helps.
Notable Features
The notable features of working with Pharmaex include:
Access to the rest of Nu Skin’s catalog to give you a wider range of possibilities for your marketing.
Discounts on health products including weight loss supplements, vitamin and cofactor supplements, and
anti-aging products.
The high commission structure for Nu Skin’s standard catalog also applies to Pharmaex products.
Company Revenue
As a subsidiary of Nu Skin, Pharmaex is part of Nu Skin’s annual revenue of $2.54 billion.
Our Take
Many of the same reasons to work with Nu Skin apply to Pharmaex.
10. Coway
A screenshot of the coway homepage
Coway offers products for water systems, air filtration, and other bathroom care products.
These products can be either leased or purchased outright, depending on what the customer wants.
Best For
Folks that understand the importance of clean air and water will mesh well with that Coway wants to
accomplish.
Notable Features
The big reasons to work with Coway include:
Access to a unique set of products, at least within the MLM business world.
An understanding that you work with folks holding a wide range of expertise in purification systems.
Supporting a company with a huge emphasis on plastic recycling.
Company Revenue
In 2019, Coway brought in $3 billion in revenue.
Our Take
Until Coway releases clearer information about how their reps are paid, we can’t recommend working
with them.
11. Tupperware
A screenshot of the tupperware homepage
Tupperware is a plastic storage system business.
They offer a range of storage solutions for food and home goods.
Best For
Tupperware has been a go-to MLM business to work for thanks to how high demand is for storage in
homes.
Anyone new to network marketing will do well here since the product is easy to understand.
Notable Features
The notable features of Tupperware are:
The products are affordable, making them easier to buy and sell to others.
Tupperware products tend to carry high praise for their durability and reliability.
Most people know Tupperware, making marketers less likely to be associated with pyramid schemes.
Company Revenue
Tupperware earned $2.26 billion in 2019.
Our Take
While Tupperware is easy to understand as a salesperson, it’s hard to recommend them due to the lack
of revenue available for most reps.
12. Young Living
A screenshot of the young living homepage
Young Living is an MLM business that started with essential oils but more recently expanded into selling
personal care products and supplements.
Best For
If you enjoy alternative medicines, or just like the aromas given off by essential oils, this company could
be a good fit for you.
Notable Features
The notable features of Young Living are:
The essentials kits to get started costs only $30, but provide a wide range of resources to get you
started.
The starter kit also comes with a large number of online resources.
Essential oils have been taking off as a consumer good over the last few years.
Company Revenue
In 2019, Young Living earned $2.2 billion in revenue.
After expenses, almost 90% of Young Living reps make four dollars for the entire year.
Our Take
While Young Living has some interesting products, it’s not a profitable venture for most marketers.
Best For
Cosmetics aficionados in the countries Oriflame operates out of might find this company to be a good fit
for their expertise and skills.
Notable Features
Oriflame’s most notable features include:
Our Take
Much like the others on this list, we can’t recommend you try out Oriflame without knowing what they
payout.
Best For
Folks that have education or experience with skincare products will have a leg up on others when joining
Rodan + Fields.
Notable Features
The notable features for Rodan + Fields are:
A huge number of awards for its skin treatments means the company knows what it is doing for
skincare.
Rodan + Fields operates in four countries now with plans to expand into a dozen more.
The starter pack, which includes some samples for products, comes in at $75.
Company Revenue
Rodan + Fields brought in a total of $1.57 billion in 2019.
Our Take
While Rodan + Fields doesn’t promise much monetarily for reps, the products seem solid and have
helped many folks with their skincare concerns.
15. Jeunesse
screenshot of the jeunesse homepage
Jeunesse is a wellness and beauty product MLM business that offers a range of products meant to
enhance how you feel both inside and out.
Best For
As a newer company, Jeunesse hopes to recruit younger reps to match the youthful vibe they are
growing.
Notable Features
Working for Jeunesse has these startup perks:
A wide range of tiers and preferred statuses can change based on how much product you can sell.
The company strives to deliver on its cruelty-free promise when making its products.
Many of the formulations have solid scientific backing for the concerns they cover.
Company Revenue
In 2019, Jeunesse brought in roughly $8 billion in revenue.
Our Take
Compared to some of the other skincare businesses on this list, Jeunesse doesn’t pay as well as others.
Wrapping Up
The top company to rep as a network marketer depends on what kind of products you want to sell.
Each company has a different commission and onboarding structure that set it apart from one another.
However, many of the picks we covered here aren’t clear about how they pay their reps.
When it comes to network marketing, keeping an eye out for red flags like that can be the difference
between a solid side gig and a money sink for you.
By Sue Dunlevie
I’ve been a full-time blogger for almost a decade and I help bloggers like you make consistent, reliable
income online so you can work at home, be your own boss, and spend more time doing what you love
(just like I do).
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Best Network Marketing Companies (Overview)
Which Is the Top-Rated Network Marketing Company?
Which Is the Best Paying Network Marketing Company?
Is It Possible to Make Over $1,000 a Week With Network Marketing?
What Is Network Marketing?
How Network Marketing Works
Who Hires Marketing Companies?
Advantages and Disadvantages of Network Marketing
Advantages
Disadvantages
What Are Network Marketing Programs?
Key Features of Network Programs
Is Network Marketing a Pyramid Scheme?
Can I Make Money by Joining a Network Marketing Program?
What Are the Top Network Marketing Companies?
1. Amway
2. Market America
3. Avon
4. Herbalife
5. Nu Skin
6. Infinitus
7. Vorwerk
8. Natura
9. Pharmaex
10. Coway
11. Tupperware
12. Young Living
13. Oriflame Cosmetics
14. Rodan + Fields
15. Jeunesse
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CONSUMER LISTS
MLM GENEALOGY LISTS
BUSINESS LISTS
Are you just starting out in network marketing or looking for ways to boost your business? If so, then
you are in the right place. In this post, I’m going to share my best 12 tips for those who are new to
network marketing on how to succeed.
Why do I say this? Because it’s simple. Here’s what happens when you believe in something.
You don’t have to force yourself to work every day. You’ll want to work because you’ll be passionate
about what you’re doing.
You don’t have to force yourself to talk about it. You’ll want to talk about it to just about everyone you
meet naturally.
You don’t have to force yourself to sell it. You’ll want to sell it because you know it is going to have a
positive effect on someone’s life.
You don’t have to force yourself to get others involved. You’ll want to get others involved because the
more people who are selling it, the more lives can be impacted by it.
You don’t have to force yourself to be motivated. You’ll love the results of what you are doing beyond
just the money. Therefore, you will be motivated every day.
The great part about network marketing is that it is easy to find a product or service you believe in.
There are hundreds of companies out there that offer network marketing opportunities in the form of
direct selling, multilevel marketing, affiliate marketing, and referral marketing.
2. Get a mentor.
Once you’ve chosen a product or service you believe in, you might want to consider getting a mentor.
This could be the person who recruited you into network marketing in the first place. If that’s not an
option, then the next best thing would be another successful network marketer in your area.
Your mentor should be someone that teaches you how to do network marketing right. They should be
someone that can teach you how to set up your business, how to establish yourself, how to network
effectively, how to sell your product, and how to recruit others.
While getting training online is an ideal place to start and to continue your network marketing
education, having someone you can ring up with questions, chat with over coffee, and introduce you to
the right people is a great way to solidify the information you learn online and make it actionable for
your business.
If you don’t know someone who can be your mentor, you can always search for direct selling and MLM
mentors and coaches online. Refer to their blog, social profiles, and other sources of information about
them online to determine if they are a good fit for you.
Here are the sections commonly included in a business plan, and what each of them will ask you to
cover.
Company Description – This section asks you to define what you do, what differentiates you from your
competitors, and who your target customer is. You will get asked this a lot throughout your network
marketing career, so it’s important.
Market Analysis – Have you thoroughly researched network marketing and your potential customers?
This section encourages you to research your industry, market, and competitors.
Organization & Management – Are you going to be the lone star in your business, or do you have one or
more partners? This section asks you to define each person in your business – how much they own,
what their skills are, how long you have worked with them, etc.
Service or Product Line – If you chose something you believe in, this part will be simple. This section asks
you to get into the details of what you are selling, including how it will benefit your customers, what is
the product lifecycle, and what the story is behind your product or service.
Marketing & Sales – Have you decided how you plan to increase your revenue? This section asks what
your business’s marketing and sales strategy is.
Funding Request – You can skip this unless you actually need funding for your business.
Financial Projections – How much do you realistically think you can make from your network marketing
business? This section asks you to outline your projected income and expenses.
Executive Summary – This is a summary of the above information placed at the start of your business
plan.
You don’t have to go into formal details with your business plan if you don’t plan on actually submitting
it for funding to banks or investors. But the more detailed you get, the more of a solid view of your
business you will have.
Your tagline should be one or two sentences that explain what you do based on who you are talking to.
For example, if you are talking to someone who would be a potential customer of your network
marketing product, you would use the following tagline.
Hi, I’m Lisa and I create customized plans for people who are looking to get into the best shape of their
life.
If you are talking to someone who would be a potential sales rep for your team, you would use the
following tagline.
Hi, I’m Lisa and I help people who are passionate about getting others in shape turn their passion into a
career.
Your network marketing story, on the other hand, should be the full explanation as to why you are doing
what you are doing in the first place. It should tell people who you are (and how that qualifies you to do
what you do), how you got started in your network marketing career, why you love what you do, and
how your network marketing career has changed your life.
Your network marketing story is what you will follow up your tagline with if the person you are talking to
looks interested in learning more on the spot.
5. Create a website.
If you don’t have a personal website already, now is the time to create one. Your website is the place
you will ultimately send your visitors to collect lead information, make online sales, and much more.
If you’re sitting on a network of 5,000 Facebook connections, you may be wondering why you need a
website in the first place. The reasons are simple.
Hence, you will want to create a website that has a minimum of one page’s worth of content that tells
who you are, what you do, who you can help, and how you can help. That page should include a contact
form or email list sign form (or both) so that people who are interested in buying your products or
becoming a member of your team can submit their information to learn more from you.
If you choose only one social network to join and actively participate upon, it should be Facebook.
Facebook is the most popular social network in the world. It has the most active daily users and thus,
has the most opportunity for you to connect with potential customers and sales recruits.
You can use your personal profile to connect directly with people.
You can use your page to advertise to people.
You can use groups to get people interested in your network marketing business to convene and engage
with each other.
Twitter should be the second choice for your network marketing business. I recommend this network
because you can engage with just about anyone, regardless of whether they are connected with you or
not. This makes Twitter a great place to meet new customers and sales recruits.
From there, a lot will have to do with the nature of your network marketing business. If your business is
related to B2B or selling to business professionals, try LinkedIn. If it is B2C and retail based, try Pinterest.
7. Put your tagline and a link to your website on every online profile you have.
Every online property you have should have should have two things: your tagline and your website link.
This will allow you to make the right first impression on anyone who encounters you online and ensure
that they can get to your website so they can become a lead.
On a daily basis, look at the networks you log in to. Social networks, forums, discussion boards, etc. If
they allow you to have a profile, and that profile allows you to describe yourself and link back to your
website, do it.
Just be sure not to completely rely on the recipient contacting you. Get their business card or
information directly in your phone so that you can follow up with them too.
If you’re friends with other network marketers, potential customers, and potential sales recruits on
Facebook, you can use the handy Facebook search option to find the upcoming events your friends plan
to attend. This search will show you events that they are both interested in attending and plan to attend.
To utilize these types of places as networking opportunities, you need to actually be into them yourself.
You can’t just walk through a gym and hand out your business card. You need to join the gym, workout
there, take some classes, and get into the places where you can start up a casual conversation.
You also need to be good at spotting the right opportunities. Trying to deliver your tagline to someone
running up a hill isn’t going to be as effective as trying to deliver it to someone sitting on a bench tying
their shoes.
Take the time to get to know someone to make sure they have the same goals and passions as you. If
you choose them as part of your sales team, take the time to train them properly so that you know
when they go off, they will be ready to sell and ready to recruit additional quality members for your
team.
Ready to learn more? Claim your seat [for FREE] at our next online training: Click here.
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40 Dos and Don'ts in Network Marketing Business For Beginners (2023)
The Do’s and Don’ts knowledge are supposed to be a priority for serious Network Marketers since the
biz involves dealing with 1000s of people.
Any wrong step or mistake might cost you to lose a diamond prospect which could have created a
turning point for your business.
As a direct selling business owner, it’s strongly recommended to follow the system of the company
which you joined.
The journey might sound difficult but many have already done it and are living a lifestyle that is really
enjoyable.
If someone can do it, you too can and the only thing that can make that happen is to do the right steps.
With daily actions as a Network Marketer, make sure you do these so that you might have better results.
You also must be having a much better success blueprint from your company or up line but at the same
time, you can use this for some more references.
Anybody who has taken a decision from the head to complete serious tasks will always take a u-turn
when the going gets tough. Do not do this business if your reason to succeed, doesn’t make you wake up
in the night.
Why not research the company that you want to join, open the history and learn how long it’s been on
the market. MLM or Network Marketing industry is full of crabs and rip-off scam artists, who will steal
your money if you are not careful. No company is absolutely best in every way, but be clear about what
you are really passionate about and choose it.
3. Hey, always think Positive:
Before you climb a huge mountain, with many difficulties and you desire to reach the top, don’t you
think you need to set your mind first? Network Marketing is certainly not the easiest business out there
and you need a strong positive mental attitude to succeed.
Positive thinking is that inward voice you have in your head every single day, convincing you that you
can do it. So, always learn to speak with a voice of hope, strength, prosperity, health, and every good
thing that you want into your life.
If you follow the footsteps of someone who has already done it, your chances to make it happen are
much higher. Just look for a leader who genuinely cares for your well-being in the business and copycat
their success blueprint.
So, you are supposed to write down your dreams and goals, on paper and pictures, stick it somewhere
you can see every day. When you see what you desire, every single day your subconscious mind will be
activated and you will start taking actions to achieve it.
Your success as a Network Marketer depends on your seriousness and willingness to do whatever it
takes to make it happen. When you have made that decision from your heart, nothing should be able to
stop you from moving forward in life.
This is a process that will be ongoing for you, even if you make it to the top, never stop educating
yourself every day. Train and take action like it’s your last day and with that kind of determination, you
will make it happen.
Even if you are a shy person, you need to train yourself to become a marketer with a 'rhino' thick skin.
There will be a lot of criticism, rejections, and mockery throwing at you from every direction in a
Network Marketing business.
A person who is addicted to something always comes for more and this usually happens to people who
are addicted to bad habits. What if, you become addicted to good things in life, and you keep coming for
more every single day?
You can re-invest in buying a piece of real estate, reliable company shares, stocks, or other assets which
will give you more passive income. In fact, you should never rely on a single income source but create
multiple income sources, for real financial security.
A Network Marketer with a long-term mentality is primarily motivated by the rewards he could get in
the next 2-5 years. Short term mentality people always end up being broke or working for someone else
for the rest of their lives.
Prospecting in Network Marketing is much more than just showing a business presentation but gaining
trust and relationships with people. If you are someone whom people can trust easily, your words will
be counted and people will join your group or buy from you.
5. Don’t be a loner:
Don’t be a lone wolf in a direct selling business because it never worked in the past and it will never
work in the future too. It is always wise and recommended that you learn from the mistakes of others
who have already done it.
Since the MLM business, involves meeting new people every single day, you are supposed to be learning
by remaining in a success-minded team. Always get counseling and training from your leaders before
you take a new step.
6. Don’t spam online:
Nowadays everybody is a victim of online marketing spam where 100s of marketers are blasting sales
emails 3-5 times a day. Does anybody want to respond to such emails and online posts in social media
groups?
As a smart Network Marketer, learn to do marketing tactics where you don’t sell every time to others
but gives value. Give Free training, Free E-Books, or something that ad value to others using online
platforms.
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08-06-08
Ten Requirements To Be Considered Before You Join A Network Marketing Company
The Network Marketing is becoming a great opportunity to people around the world to make money.
Also to help personal development as individuals. Some started operations since the 50’s. It’s a
marketing system of products and services person to person. It pays by efforts of many people in
different compensation plans. Unfortunately, there’s a lot of people so confused thinking the Network
Marketing is linked to illegal pyramids sketch or scam.
BY FELIX MELENDEZ1 MINUTE READ
The Network Marketing is becoming a great opportunity to people around the world to make money.
Also to help personal development as individuals. Some started operations since the 50’s. It’s a
marketing system of products and services person to person. It pays by efforts of many people in
different compensation plans. Unfortunately, there’s a lot of people so confused thinking the Network
Marketing is linked to illegal pyramids sketch or scam.
Many of their ideas and opinions are consequence of poor information. As a result, they refuse
themselves a rewarding opportunity. They make decisions based on rumors not in proven facts. The
existence of enterprising people with character strength and special traits. Besides the appearance of
companies have been evolved to direct sales systems. It drives us to what we know today as direct sales,
multilevel marketing and network marketing. It gives and excellent opportunity to everyone to start a
low risk business without operational expenses.
Most network marketing companies requires a ridiculous money investment to join. If you’re
considering to join one to get an extra income and great benefits. Don’t forget to perform a company
background check. Simply get professional advisory.
I am including what I consider very important facts to help you choose wisely.
1- The company should be doing business for at least 5 years.
2- Should have a tempting products accessible at good buying prices, great value and offers benefits to
consumer.
3-Should have brochures, tools, business forms at good price to company representatives.
4- Have headquarters offices at all countries where the company is doing business. Also have a kind
personnel and be opened.
5- Have a marketing plan that pays at least 7 levels, be aggressive and pay good commissions.
6- Should let the distributor to retire anytime to receive passive income.
7- Should provide a fast and simple ways to expand operations internationally.
8- The company should promote a new product each year.
9- The company CEO must have knowledge of Network Marketing Systems and enjoy their products. and
the last one,
10- Should be legally established
ADVERTISEMENT
I hope you find this info helpful if today you are considering to join a good network marketing company.
Your friend Felix
In fact, experts today suggest that with its widespread applications and transformative potential,
quantum computing is leading the next technological revolution. But quantum computing is also
becoming more expensive, so many have been left wondering what impact this new technology will
have on businesses.
I’m a software engineer and technical copywriter. My job is to understand technology and to be able to
clearly communicate how it works and how it can be applied. So here’s how quantum computing works,
and how it will impact the future of business and work.
Unlike traditional computing, quantum computing relies on the principles of quantum theory, which
address principles of matter and energy on an atomic and subatomic scale. With quantum computing,
equations are no longer limited to 1s and 0s, but instead can transmit information in which particles
exist in both states, the 1 and the 0, at the same time.
Quantum computing measures electrons or photons. These subatomic particles are known as quantum
bits, or “qubits.” The more qubits are used in a computational exercise, the more exponentially powerful
the scope of the computation can be. Quantum computing has the potential to solve equations in a
matter of minutes that would take traditional computers tens of thousands of years to work out.
For financial institutions, the power of quantum computing can be harnessed to craft sophisticated
trade simulations using high-speed financial modeling to make marketplace predictions. Financial
institutions can use quantum computing to increase security, boost fraud detection capabilities, and
perform in-depth risk analyses.
Soon we will begin to see financial institutions using quantum computers to develop highly advanced,
streamlined investment portfolios for their clients. Recent studies have shown that 80% of financial
institutions recognize the possibilities presented by AI. Many of us in the industry believe that, coupled
with quantum computing, we will see a burst of fintech developments and technological evolutions of
traditional brick-and-mortar financial institutions.
The pharmaceutical industry is also adopting quantum computers, as researchers can use quantum
computing to simulate molecular interactions, which will allow for the quick development of new
medications. Using quantum computing for intensive DNA studies may lead to healthcare providers’
ability to offer gene-specific cures.
In the fields of engineering, aerospace, and military development, researchers and designers can use
quantum computers to create sleeker, more efficient aircraft models. Air traffic controls and traffic
coordination systems can likely be made safer using quantum computing. And military intelligence can
also benefit from the vast power of quantum computing.
In addition, quantum computing can be used to enhance cybersecurity and intelligence gathering,
providing stronger data encryption services and high-level intrusion-detection systems. Quantum
computing will contribute to big data search processes, as well as the rapid development of AI and
machine learning.
Quantum computing may even revolutionize our domestic power sources, providing electrical energy
based on nuclear fusion processes.
Since quantum computing provides nearly instantaneous processing of data and information, some
believe traditional forms of cybersecurity may be made irrelevant. So businesses will need to reinvest in
new forms of cybersecurity protection and newly secured modes of digital communication.
ADVERTISEMENT
In addition, quantum computing itself faces many challenges as it develops. Like traditional computing,
quantum computing requires human double-checking to ensure that any errors are identified and
corrected. This can be a costly and time-consuming endeavor, particularly given the sensitive nature of
today’s quantum computers, which are affected by noise and are often challenging to calibrate
correctly.
Vibrations (including those caused by sound), temperature, and other environmental factors can impact
the calibration of the quantum computer, leading to errors in the computations. Unlike the bits that
power traditional computers, qubits are sensitive and temporary, making it difficult to construct a
functional quantum computer in the first place. There is currently a lack of qubits overall that prevents
developers from creating the highly functional quantum computer they desire; researchers thus far have
been able to produce only 128 maximum qubits at a time.
Other fields are closely watching the development of quantum computing. The White House has
indicated that advanced quantum cryptographic pursuits can become a major issue of national security
if the technology falls into the wrong hands. Plus, AI powered by quantum computing could generate
unexpected results. All of these factors will also affect businesses as they learn to adjust to the positive
and negative consequences of quantum computing.
I believe businesses today should pave the way for the seamless integration of quantum computer
technology in the near future. By investing in quantum computer infrastructures, organizations can
benefit from the early adoption of these revolutionary new technological abilities. This will give early
adopters the competitive edge in a burgeoning industry to get ahead of the competition before
quantum computing becomes more widespread.
Importantly, business owners and HR managers should create and conduct education and training for
their employees, ensuring that everyone on their teams is amply prepared to interact with and utilize
quantum computing tools and capabilities. Employees should be encouraged to attend courses and
conferences where they will learn the most up-to-date information about quantum computing.
In addition, business owners should prepare to adopt necessary new security protocols and defense
systems to meet the increased demands of quantum computers. Businesses can prepare by hiring IT
professionals to conduct risk assessments that reveal possible weak spots and vulnerability points that
may be exploited by bad actors.
Leaders should ensure that they maintain compliance with the latest national security rules and
regulations. One example is the payment card industry data security standard (PCI DSS), which includes
several requirements designed to ensure the security of customer cardholder data. Any possible
changes that can be made in advance of new quantum computers should be made.
As quantum computing technology continues to mature, business owners can map out development
and adoption strategies, charting a course for how to integrate quantum computing and AI into their
business most effectively so that once the technology is ready to be used, they can adapt seamlessly.
Until that point, businesses can conduct experiments and trial pilot projects to test out possible
functions and benefits of early-stage quantum computing models.
While quantum computing continues to be in the development stage, businesses across sectors can
soon expect to see monumental shifts in computing capability that will have a range of effects. The fields
of security, manufacturing, product development, healthcare, finance, aerospace engineering, and
others will all be impacted by the revolutionary potential of quantum computing.
To get ready for this huge shift in technology, businesses should assess their cybersecurity
infrastructures, invest in employee training, prepare to reinvest in new cybersecurity protective
measures, and start to map out ways to integrate the radical possibilities that quantum computing will
provide. I believe that soon quantum computers will be as pervasive as the smartphones and laptops of
today.
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HOW TO TAKE YOUR NETWORK MARKETING BUSINESS TO THE NEXT LEVEL
11 May 2020 | Network marketing
Most people “fall” into Network Marketing through friends or family who recommend a product or
service to them. They use a product, like it and sign up to become a distributor because they get the
products at a reduced rate and think they may be able to get some of their friends and family as
customers. At this stage, the majority of people aren’t seeing this as a serious business opportunity, they
just like the perks that come with it. But be it through necessity or an increased desire not to rely on
traditional forms of employment, here are a few ideas on how to take your Network Marketing business
to the next level.
INSPIRE YOURSELF
Ignore the negative press about the industry and focus on those who have turned their Network
Marketing venture into a successful business. Try and follow their story and learn from what has and
hasn’t worked. Ask questions and always continue to learn.
A career in Network Marketing is multi-faceted and relies on the same skills and attributes that would be
needed to run a successful business in any other industry. Good luck!
PRB Accountants has shared this journey with hundreds of Network Marketers and is ideally placed to
provide expert advice. Contact us today on 01444 458252 or [email protected].
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Understanding Multi-Level Marketing
E. Napoletano
E. Napoletano
Contributor
Benjamin Curry
Reviewed By
Benjamin Curry
EditorUpdated: Apr 26, 2023, 12:54pm
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Understanding Multi-Level Marketing
Getty
Multi-level marketing (MLM), also known as direct marketing or network marketing, is a method of
selling products directly to consumers using independent sales representatives.
MLM companies tend to appeal to new recruits with promises of wealth and independence. While not
illegal by definition, many MLMs have become infamous for their controversial business practices—and
others have been revealed to be little more than illegal pyramid schemes.
Under the MLM model, distributors are not employees of the company. Instead, they’re individual
business owners who recruit their own distributor networks to help them sell products. Multi-level
marketing firms rely upon this extended network of independent distributors to generate revenue.
Alice recruits five independent distributors, who each turn around and recruit five more independent
distributors, and so on. This fills out the pyramid that Direct Marketing Company relies upon to sell its
products.
Alice is the sponsor, or upline, of everyone she recruits. The people she recruits (as well as all the people
they recruit) become her downline.
The directions of these relationships are important to keep in mind because they impact the money
everyone in the pyramid earns in most multi-level marketing schemes. All distributors pay a portion of
their earnings to the company as well as to those upline of them.
“MLM distributors earn money from selling products to people they know, commissions from each
person they recruit to the company and commissions from the sales and recruits generated from their
own recruits, continuing down multiple levels,” says Christine Alemany, CEO of TBGA, a branding and
marketing support agency. “In order to succeed, a distributor must continuously recruit as many
downlines as possible to join their team.”
Typically MLMs offer a detailed compensation plan that outlines precisely how these upline and
downline relationships work and how distributors get paid. These plans spell out things like recruiting
and sales commissions as well as define the requirements a member must meet to be eligible for
compensation, usually expressed in minimum sales targets and numbers of new recruits.
So what makes one legitimate and the other an illegal scam? It comes down to the sales versus
recruitment focus in the compensation plan.
According to the Federal Trade Commission (FTC), “if an MLM is not a pyramid scheme, it will pay you
based on your sales to retail customers, without having to recruit new distributors.” Pyramid schemes,
meanwhile, rely on continuous recruitment of dues-paying members to stay afloat, even if they require
members to keep buying products that they may not be able to sell.
That means consumers outside the company need to be buying the majority of a company’s products—
rather than downstream in the distributor network or with the distributors themselves stocking up on
inventory. But it’s incredibly hard to prove if an MLM isn’t in compliance, note Alemany and Cory Rusin,
a researcher who works closely with former multi-level marketing distributors after they leave direct
sales.
“It’s almost impossible to track if a distributor has stashed unsold products in their garage or closet,”
says Alemany. “For the most part, MLMs take their distributors at their word.”
And even if a distributor were clearing 70% of their inventory in a given month, the “financial freedom”
offered by many MLMs simply cannot be achieved through direct sales alone, says Rusin.
“When you analyze the compensation plans of MLMs, the real money is made through recruitment,” she
says.
In short, vendors have sued LuLaRoe for unpaid invoices, and the company has been embroiled in a
class-action suit from customers who received defective merchandise. The company recently settled a
suit with the state of Washington, which had sued the company for running an illegal pyramid scheme.
But the truth is that 99% of people who participate in MLMs lose money, according to the Consumer
Awareness Institute, as they struggle to resell products and recruit members for network marketing
companies that often tiptoe the edges of illegality and hide the true costs of participation from
participants.
What’s more, the tactics used by some MLMs can take a psychological—as well as financial—toll on
distributors.
“Dr. Steve Hassan, a leading cult expert, has addressed how MLMs use manipulation and blame to
ensure any failures to earn large sums of cash through the business model are placed on distributors for
their lack of competence or hard work,” says Rusin.
Rather than turning to an MLM, Rusin, a former distributor for two different MLMs, advises you to think
about why you think an MLM sounds exciting and explore other opportunities to fulfill those values.
Whether it’s money, wanting to quit your day job or work from home or seeking a sense of community,
there are plenty of opportunities that offer those exact experiences without the hefty financial
investment and psychological cost an MLM can have.
“Start your own business by exploring what your strengths are and how you can provide a needed
service to others,” Rusin says. “There are inexpensive ways to get started and you’ll have created a
much more sustainable and ethical avenue of income.”
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But the truth is social media can be ditched altogether, and you can still grow a massively successful
business.
This is exactly how I've built my network marketing businesses where I've been able to build a team that
has enrolled over 10,000 members.
There are plenty of others having success without social media, so don't think you have to be posting
endlessly on these platforms to grow your business.
Why People Say You Have To Use Social Media When You Don't
So if you don't need social media, why do so many trainers say that you need to be on all of these
different platforms to have success?
Well, this is because they think social media is where the people are, so that's where you need to be
too.
However, social media isn't the ONLY place where people congregate online. There are other "markets"
that you can tap into, and I'll share with you what these are in a second...
But first, did you know that trying to grow on social media can actually harm your business?
1. Prospecting
The prospecting strategy involves messaging strangers on social media and asking them something along
the lines of...
Would you be open to making a little extra money if it didn't interfere with what you were currently
doing?
The problem with prospecting is that it drives people crazy and they hate receiving messages from
strangers like this. It's partially what gives network marketing a bad name.
Additionally, social media platforms have been cracking down on people who send messages like this for
a while now, and are showing no signs of stopping.
This means messaging people like this can get your account locked or even shut down. Not a good thing.
Free Guide: How You Can Get HIGHLY INFLUENTIAL Leaders to Gladly Promote Your Direct Sales
Products to Their Online Followers!
2. Attraction Marketing
The other option is "attraction marketing" where you post curiosity posts, videos, or other content with
the hopes of attracting your ideal customers/team members to you.
For example, if you have a health and wellness product, you might share health tips and attract people
who are interested in learning about getting healthy.
By doing this, you build up an audience of people who are also likely to be interested in your network
marketing company's products.
I actually have nothing against attraction marketing as a strategy, and use it myself...
The problem arises when you try to apply attraction marketing on social media.
This is because social media platforms are now "pay-to-play" which means no one will see your posts
(and therefore no one will be attracted to you) unless you dump money into ads.
Or put another way, you make money for these social media platforms by creating valuable content for
them, and then THEY charge YOU in order for you to reach your own followers.
Not only that, but the content you post on these platforms are transitory, and is only relevant for a day
at best before it's lost forever, buried in the abyss at the bottom of the feed.
However, if you are adding your content to search engines instead of social media platforms, your
content can live for years and drive you traffic, leads, and sales for years down the road.
Well, there are really three simple steps you need to follow that will allow you to grow your business
fast, and without the headache of social media or bugging friends and family.
Social media is supposed to do this, since (in theory) you post something on social media and then new
people find it and then follow you.
The only problem is new people aren't finding your content on social media. Or if you are getting new
people find you, the stream of new people coming into your network is merely a trickle, or you're
spending a lot of money on ads to get them.
What if I told you there was a way to get thousands of people to learn about you and your product in
just a week...
And not only that, but learn about you from someone they know, like, and trust?
This is entirely possible, and it's the method I used to build a team that has enrolled over 10,000
members.
I call this strategy "Stealth Marketing" or some may call it "influencer marketing".
This is the strategy of having an influencer recommend your product for you to their audience of loyal
fans.
I call this strategy "stealth marketing" because often times I'm able to generate tons of leads and sales
without anyone even knowing what I am doing, let alone that I'm in a network marketing company.
The key is to find the right influencer who already has a following of people who are likely to love your
products as well...
And then you send them a free sample of your product to review on their main platforms for their
audience to see.
This might sound difficult or complex, but it's actually pretty simple to pull-off if done the right way. You
don't have to have a big audience yourself to collaborate with influencers the right way.
In fact, you can learn how to do this by downloading my free stealth marketing quickstart guide below:
The good news is you can quickly generate hundreds of high quality leads at a time by working with
these influencers in a specific way.
This specific tactic involves having your influencer run a giveaway in addition to their review.
With this giveaway, their audience can give you their email addresses in exchange for a chance to win
the same sample that you sent to the influencer.
This way, you can get hundreds of new leads at a time from people who are actually interested in your
product.
This way, you can start bringing in passive sales weeks, months, or even years down the road from the
people who joined your email list from one review and giveaway with an influencer.
The more influencers you collaborate with, the more leads you'll generate, and the more sales you'll get,
and you can start to generate a snowball effect of sales flowing in.
The best part is you don't have to indefinitely reach to influencers. Once you've found the few that you
really like and who really generate you amazing results, you can just continue to run reviews and
giveaways (or get shout-outs) with this network of influencers whom you've established relationships
with.
Not only that, but with all of the leads you're generating, you can even start to become an influencer
yourself.
And when that happens, you can start to generate traffic, leads, and sales all on your own from your
own influence.
Now doesn't this sound better than posting endlessly on social media and seeing very little (if any)
results?
Ready to Ditch Social Media for good?
Now you might be thinking...
Where do I find these influencers? And why would any of them ever want to work with me when I don't
have many followers myself?
The good news is that there hundreds and thousands of these influencers all over the internet, many of
whom would LOVE to work with you for a small fee, or even for FREE!
Just receiving a free product to review means a ton to these influencers, as giveaways help THEIR
audience grow as well.
Many of the best influencers to work with aren't the ones with a GIANT following.
Be sure to download it and get started growing your network marketing business without social media.
I hope you found this post on, How To Grow Your MLM Without Social Media, helpful!
Please feel free to share if you got value, and let me know in the comments below...
What Do You Hate Most About Growing Your Business On Social Media?
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succeed in network marketing without social media
Have a very beautiful day!
Paula has been in direct sales since 2010 and has been blessed with an awesome team that has enrolled
over 10,000 consultants and generated over 33 million in revenue.
She loves helping other ladies build their own thriving businesses from home, so they can spend more
time with their families and be able to focus on the truly important things in life.
Paula is also a homeschooling mom of 7 and a grandma of 6, living in the sunny state of Florida where
she enjoys growing pineapples and coconuts.
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How to Fast Track Your Network Marketing Business Success
Reading time: 5 minute(s)
One of the biggest things most people want to know about any network marketing business is how they
can fast track their way to success.
There is no magic button that will suddenly turn your business into an overnight success. There’s also no
hidden secret that only a few top members know about.
The truth is that there are lots of things you can do to build up your business quickly so that it becomes
profitable in a faster time frame. The whole key is to set up your business for success right from the
start.
If you set things up correctly, you should find that you don’t have to work any longer than about 10 to
15 hours a week. This means you’ll need to be focused and goal-oriented in the beginning, but you’ll
soon find that growing this type of business really isn’t too difficult – as long as you put in the initial
effort to get it up to this point.
Here is the plan for growing your business up to a 6-figure income in 3 to 5 years working just 10 to 15
hours per week. It’s actually easier than most people think.
When you have a coach, you have a way to help keep you motivated and help you to stay on track when
things don’t seem to be moving as quickly as you might want. Your coach will help you with time
management skills. This can be a great way to ensure that the effort you put into your business is getting
great returns and that you’re not wasting time on pointless distraction.
Your coach is also ideal for making sure you’re accountable for your actions and your choices while your
business is still growing. This can be invaluable for many people who don’t know what they should be
focusing on next.
“If you want to go somewhere, it is best to find someone who has already been there.” – Robert Kiyosaki
Step 5: Invite People to Join Your Team
This is the part many people dread. They fear being a nuisance and they worry about offending people if
they invite them to sign up to their business opportunity. So they do nothing at all and just worry about
selling their products directly to more customers. There’s absolutely nothing wrong with this, if that’s
how you want to run your business.
However, the real key to fast tracking your business is to find people who are keenly interested in
making extra money and inviting them to become members of your team. Those team members are the
key to growing your business up to the 6-figure income point, so don’t be afraid to invite people to join.
You’ll be surprised how many people are dreaming of owning their own business, just like yours.
Some of them will be naturally reluctant, so respect their decision and move on. Others will be
absolutely thrilled at the opportunity and could become very profitable team members – but you have
to invite them before any of that can happen.
Ask them if they’re doing things that might be of further assistance to other people in your team as well
and encourage them to share. It’s important that as your own knowledge grows, you pass on that
information to the people in your team as well. After all, as their own businesses start growing, your
own business – and your profits – will automatically increase as a result.
However, if you’re serious about creating a 6-figure income you really need to start focusing on creating
a residual income in your business. The ability to create a residual income that keeps rolling in even
when you stop working is the true beauty of network marketing.
You see, as you invite new people to join your team, the company should start paying you a percentage
of the sales those people generate. Not only are you making profits by selling products to your own
customers to start off with, but you can enhance your income by earning a percentage of the sales your
team makes too.
This is one of the reasons why it’s so important to spend time fostering and mentoring and teaching
your team members to build their business. As they start making more sales, your income automatically
increases.
Now, if you can encourage your team members to invite people to join their businesses in return, you
should find that your company also pays an additional percentage for that additional level. Work with
your team and encourage them to teach and mentor their own new recruits, just the same way your
mentor did with you and the same way you did with them. This is the ultimate benefit of duplication
and why network marketing works.
You want all of those distributors beneath you to succeed in their own business ventures, so offer your
own support to them if they want it as well. The more support they have available, the more likely it is
that they’ll stay focused and reach the level of success they want.
If you can do this, you should find that your income grows very quickly every single month. You’ll be
earning money based on the efforts from people in your team, which allows you to make a choice
whether you want to keep selling products directly or whether you want to focus harder on building up
your team’s businesses even further.
“If you are a person with big dreams and would love to support others in achieving their big dreams,
then the network marketing business is definitely a business for you. You can start your business part-
time at first and then as your business grows, you can help other people start their part-time business.
This is a value worth having – a business and people who help others make their dreams come true.”–
Robert Kiyosaki
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After almost 25 years as an entrepreneur, I continue to grow my business, my passive income streams
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