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Clueless About Network Marketing?
A year ago, I began reading about real estate and
I asked around, but no one had a clue as to what network marketing was. Thus began my quest to discover what I could about MLM, since its proponents boast that anyone could start a business for as little as a few hundred dollars.
Finally, I struck gold. I stared open mouthed at my computer screen. The name of the network marketing company jogged an old memory. In high school, I had known a young man who belonged to this company. A couple of times, he came to pick me up for a date, and before we left, he would clean my mother's stove or refrigerator, showing her the miracles of his product. His goal, I assume, was to make money and dazzle me with his entrepreneur qualities. I was humiliated because my mother was taking advantage of him to get her kitchen cleaned and because this boy was embarrassing me - I wanted to go to a movie or to a party, and he was cleaning my mother's appliances.
I had the holy grail in my hand, but I felt apprehensive. I told my colleague what I'd discovered. He shrugged and said, "It's a pyramid scam."
But I found that the lure of residual income far outweighed my apprehensions. Today, I'm a proud network marketer, ready to give anyone, who is as clueless as I was about network marketing, my fledgling expertise. Here's the scoop. DEFINITION: Network marketing is a business that markets a line of products or several lines of products through independent salespeople. An independent salesperson is recruited; she, in turn, recruits other people; these people recruit others, and so it goes. Each representative builds her own business with her recruits and their recruits under her, and she makes commission on the sales volume of her team. The people under the independent salesperson are called the downline. The potential for increasing the downline and earning money is exponential.
SCAM or LEGIT BUSINESS: When I was in high school and amorous young men were cleaning appliances, many fawned upon these companies. Let's face it. There were lots of jokes. Most people didn't make much money; they pestered their family and friends, and horror of horrors, they had garages filled with unused products that they had to buy to meet their quotas (a certain amount of the products a salesperson or team has to buy). Times have changed. Today, major corporations and Fortune 500 companies, like AT&T, MCI, Citigroup, and IBM, have multilevel sales forces.
The difference between network marketing and a pyramid scam is easy to explain. Network marketers sell products; they run businesses. A pyramid scam is a con. People give someone money in hopes that they can get other people to give them money. The claim is that anyone can get rich just by finding other people to do the same. There is no product, no business. The people at the top make lots of money. The scam falls apart. This is illegal. People get arrested.
THE GOOD, THE BAD, THE UGLY: Not all network marketing companies are created equal. There are some excellent ones, some okay ones, and some down right awful, ugly ones. If you are looking for a network marketing company, you have to do your due diligence and make sure that you find an excellent one. Remember that you are investing in your future.
RESIDUAL INCOME: What network marketing offers is a way to create residual income, while working part-time. Network marketing is not a "get rich quick" scheme. Those who succeed work hard, but they are creating something magical: residual income. You go to work, and you get paid. If you don't go to work, you don't get paid. This is linear income. Residual income doesn't depend on you working. Think of an author, who writes a book and gets a royalty check year after year. Residual income, like royalty checks, keeps coming and allows people to retire, have the freedom to travel, and do other wildly pleasant things.
MY 12 SUGGESTIONS FOR NEOPHYTES FROM ANOTHER NEOPHYTE:
1. Don't rush into network marketing. Look around and find a good company that suits you and your needs. Don't get pressured into anything. Ask lots of questions of the network marketer you are talking to. Avoid high pressure people.
2. As soon as you finish reading this, run out and buy Wave 4: Network Marketing in the 21st Century by Richard Poe. I don't know Richard Poe, but I do know that this book explains everything.
3. Find a company and product that you are EXCITED about. It's hard to sell something you don't believe in. Ideally, you want a product that people buy over and over again, month after month, year after year, and a company with values that are congruent with your values.
4. Look for a company that has been around and proven itself. Someone who has been in network marketing and has experience might take a chance on a new company, but a novice should be more careful.
5. I'd suggested publicly traded companies. Their financial statements are public, and you can request their financial portfolio. Go to www.morningstar.com, or www.nasdaq.com, or www.valueline.com, or your favorite place and do some research. You just need the company's ticket number, and you're off and running. If you don't feel confident doing this yourself, find a friend who knows something about stocks and financial statements, and ask her for help.
6. Check out the compensation plan. Is the commission fair? How often do it pay? Does excess sales money roll over? Does your team have to meet a quota? This could be a big drawback. If there are hefty quotas, you might find yourself buying products you don't want. Poe's book is priceless here; he explains the different commission plans.
7. Do you have to buy, store, deliver products? Most network marketing companies don't do this any more. Most companies provide online or phone ordering, and the company distributes its products. You place an order, and they do the work.
8. Training is very important. What kind of training program do they have? In network marketing, team members help each other build their businesses. In network marketing, if the people on your team are successful, you are successful.
9. How do you work your business? Face to face with people you meet? On the internet? Or a little of both? This is important. Are there hidden costs in marketing? Ask for details.
10. See if you can find any dirt on the company. Check with the Better Business Bureau. Are there complaints against the company? What kind of complaints? You can do this online. Know what you are getting into.
11. IMPORTANT: Make sure that you are willing to commit time and energy to building your business, 10 to 20 hours per week. If you have a family, make sure they are cool with this.
12. Don't quit your day job! At least not until you are making more money in network marketing than you are in your nine to five.
Cora L. Foerstner teaches English and composition at
How to Avoid Losing Money to Affiliate URL Thieves!
If you are promoting your affiliate URL on the web then you are in danger of losing sales to affiliate URL thieves. In fact over 40% of your affiliate commissions are in danger of being stolen. And the worst part of this is that is can be avoided with as little as 10 minutes of work and for free! All you need to do is cloak your affiliate URLs. By cloaking your affiliate URLs not only are you protecting your links and commissions you also increase your credibility and potential purchases.
What is MLM ?
Multilevel Marketing is one of the fastest growing yet most misunderstood methods of moving products in use today. It has been termed by many as the Wave-of-the Eighties.
Why One Should Chose A Network Marketing Home Based Business
There are many advantages for having one's own business but I believe a network marketing home business has to be the crème de la crème. Network marketing above any other online business will continue creating the most online entrepreneurs. Firstly ask any of the successful online entrepreneurs are they happier with the amount of time they spend with their families and the answer will be predominantly yes. That has to be the biggest advantage.
Make Your Online Party A Success
Online parties are quickly becoming the better alternative to the traditional "In Home Party". Online parties can be more accommodating for the company rep and the hostess for various reasons. There's no driving to another persons home, getting the snacks ready, loading and unloading all your products, cleaning your house and best of all no dressing up!
WebToors Guide To Success
There are over 700 million computers in use in the world at any given time. Earning income on the internet is the future for anyone who owns a computer and is willing to learn in the comfort of their own home on part/full time basis.
Network Marketing for Easy Money!
Ok, I know what you're thinking, another marketing guru selling a way to make quick money. Well, sorry, that's not the kind of easy money I'm referring to.
Creative Marketing for Home Businesses
Okay, so you're working from home and you need a way to effectively market your products or business. Likely, you don't have much money to really put into an ad campaign and besides, it gets so hard to find a really good, unique ad campaign to stick with. So what are your best choices? How can you stretch your dollar the farthest and still get the most bang for that buck? It's time to get creative. Creativity will help you work more effectively, build your business and increase your income fast.
The Best Network Marketing Company
...is the one that will work best for you.
MLM, Pyramid Schemes, and Matrices
Have you ever wondered what the difference is? MLM operators claim they're not operating a pyramid scheme. Matrix and "forced matrix" operators claim that what they have is better than MLM. So what are the differences?Pyramid Schemes:Pyramid Schemes are illegal in the USA, and probably abroad. We all know how these schemes work, or at least get the jist of the idea. A person (the originator) starts by sending a message to several people. Usually people he/she knows. The message in some round about way, will tell everyone to send him $5 or so...and then send the message to someone else. All the while adding names to the list, and each new recipient must send money to the first person, second person...etcThere are a million variations of the Pyramid Scheme, but the main attribute that define a pyramid scheme ( also known as chain letter) is that there is no product, it's just people sending money. The term "Pyramid Scheme" is derived from the fact that it starts with one and the size of those involved increases as you move towards the bottom. On paper, it looks like the shape of a triangle, or pyramid.Multi Level Marketing:How is MLM different from a pyramid scheme? After all, on paper any MLM looks like a pyramid in reality right? The differences are very simple. In MLM there is a product being sold. Income is generated from "commissions". It's actually a pyramid scheme, except that the participants get something back...regardless of whether the people they refer actually pay for something...In MLM, the participant always gains from their investment. The catch is in the value of the product that the participant receives. This is the reason that MLM is so big on the internet. Because, information can have a monetary value, and it cost the distributor nothing. So ebooks, software, newsletters...etc... these are the most common products used in MLM. MLMers have added tangible products as well, and home products were the first to use MLM as a primary marketing strategy.The Forced Matrix:With so many MLM programs on the market these days, originators have tried to make their programs more desirable than others. Hence the forced matrix idea. In a regular MLM program, your monetary gains are based entirely on how good you are at marketing the program. However, most people arent' very good. So it would benefit the less talented if they had help from the talented. Basically, if the number of people who can join under you is limited in any way...then it's a forced matrix. The idea being, anyone else you refer extra..will go under someone else. The best implementations put the extra person under one of the people YOU have under YOU. Hence it helps the person under you, which helps you too.The term is tossed around a bit, and sometimes not used at all. However, that is what defines a forced matrix. Sometimes numbers are used to describe a forced matrix more thoroughly....like "4 X 4 forced matrix" for instance. Which might mean that you can only have 4 people directly under you and only 4 people under those 4 who you recieve commissions from.There is a hi-bred idea that has become common now, where by a person can deliberately place a referral in another line of their choice. A sort of traffic control attribute that helps originators get their referrals interested. This has been an attempt to make regular MLM more appealing, and it has worked. In fact, forced matrix MLMers have even implemented the option in their own programs.The benefits of either are about equal. With a forced matrix, you stand to earn an income faster, but increases in income are slower because your referrals get forced further down the line from you. With regular MLM you have a stronger base, and sustaining it is generally easier...but first profits can be slow. If you want a little income faster, go with a forced matrix. If you want BIG profits and are willing to work a long time for it, go with regular MLM programs.
Keep Getting Paid Over And Over For Every Sale You Make!
If we could all have one wish granted chances are most of us would wish for a huge flood of sales. That is the point right? We're all in the game to make (at the very least) a little extra pocket money.
What is a Lead Worth?
Lately, I have been happily attracting leads for my Internet marketing products and services from a wide range of sources including search engine advertising, online classified ads and even an eBay campaign. But am I spending too much? What is a lead worth anyway?
Listening Your Way to Greatness
What you listen for in your conversations with others determines what you will get out of them. All too often, we listen to others in a casual or unfocused way. As a result, we come away with little from the conversation. In fact, we typically find ourselves listening to our own thoughts and internal chatter instead of to the other person.
MLM Success ? Action is the Key
Action is the Key!
Guaranteed Tour Takers or Guaranteed Signups
When you join a MLM opportunity they give you usually a couple of affiliate websites, copy of good ads, scripts to cal leads and lots of other things to help you. Then you're told to go out and tell your friends and family members about your business.
Network Marketing, Multi Million Dollar Business or Just a Spam?
Network marketing or sometimes known as Multi Level Marketing (MLM) is actually a good business. The market for this business is so big and the prospect is good. One thing that we have to keep in mind is that not all of the MLM company will be successful.
Network Marketing Tip: Hidden Honeymoon Hazards
Finding balance in your close business relationships... talk about a tough thing to do!
Make Your Home Party a Success!
Home parties can be a lot of fun and a great way to earn extra money. Following a simple guideline can help you have a successful home party that runs smoothly and everyone enjoys. The following guideline will give you a basic idea of how to do this and can easily be adjusted to fit your own tastes.
Network Marketing Training- An MLM Success WildFire Starts with a Single Spark
You don't have to have a lot of people to start succeeding in your Network Marketing business.
Network Marketing Internet Business Basics
A network marketing Internet business is what millions of ordinary people are making extraordinary money from. You can too, but only if you put your mind to it. Come to think of it, a network marketing Internet business is no different from any other online business. The fundamentals are the same. What changes are the parameters. So what's keeping you from running your own successful network marketing Internet business? Nothing! Just find a legit core opportunity and get going.
Network Marketing Success - The ULTIMATE Success Understanding in MLM
There is a question that determines probably 80% of your Ultimate MLM Success. And whether you understand it or not, may determine a lot of what happens to your business in the future as well as how your prospects respond to you.
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