TRUTH ABOUT NETWORK MARKETING

1. WHAT IS NETWORK MARKETING

No matter what you heard so far, truth is network marketing often called Direct Selling, Multi Level Marketing or Home based business is a marketing channel to move products faster directly to consumers. This has now become an Industry and legalized businessalmost in every country. This industry is also now the fastest growing industry. Network marketing is now governed by regulatory bodies in almost every country. Regulatory bodies like DSA, SELDIA, WFDSA are the main bodies. It is highly recommended to check the companies associations before joining any company. Most of the genuine companies are member of regulatory bodies and follow their strict code of conduct.

WHAT IS THE PERCENTAGE IN NETWORK MARKETING

Every genuine Business is based upon hard work and efforts. Network marketing is not different. In general earning money in this industry has few steps.

a. Always check the compensation plan of network marketing.

b. There are bonuses depending on sale of products or achieving specific position. There is also monthly residual / passive income selling the product. In network marketing their is also lifetime percentage in team expansion.

c. There are also fully paid retreats, free perks, car plans and many benefits offered depending upon the companies. Monthly residual income is mostly between 1% to 10%. This can be higher and depending upon products and companies marketing plan.

HOW TO GET REFERRALS IN NETWORK MARKETING

There are two types of people we call in network marketing. They are called WARM MARKET AND COLD MARKET. Most of the success in network marketing is from WARM MARKET. Here is the difference

WARM MARKET: Family, Friends, Anyone in your circle like your Barber, Accountant, Teacher, Milk Man or anyone you could think of communicating on regular basis.

COLD MARKET: Although it is not acceptable in network marketing but you do come across with many people you don’t know directly.

These people you are interacting first time or don’t know at all. Many people can become WARM MAKET prospects if regular relationships are established.

REFERRALS: Referrals in Multi Level Marketing business is from WARM MARKET OR COLD MARKET. These are the people recommended to you by someone you know.

HOW MUCH IS INVESTMENT

Depending upon the company, investment varies. This can be free and also couple of thousands. Overall it is very minimal and is kept affordable to almost everyone. If the investment is very high than it is always worth looking regulatory bodies. The reason to keep the investment very low in this industry to give chance to everyone to prove their strength, abilities and also to give everyone a chance to be successful. This also helps companies to move products faster and have better retention of their customer bases.

WHICH COMPANY IS BEST

There are companies out their with Healthcare, Skin care, Personal Care, Hair Care Products. There are also companies in trading, cryptocurrency, services, subscription based. It is always worth looking the products and services based company. No one wants to sell or recommend products again and again to earn income, so it is always good to join a product or service based system. Also, to consider these companies are member of regulatory bodies as mentioned above.

Whether you are successful or not successful in network marketing business, this industry provides so much learning that any individual can run any business. This requires consistently attending trainings, online learning, consistently reading books on network marketing. Success is not guaranteed in network marketing but with regular trainings, events and learning it is guaranteed.