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Another Lucrative Business Model Called Network Marketing.
"Rake in More Earnings from Network Marketing!"
You have probably heard so much about network marketing.
Guaranteed success and high earnings. Flexible working hours. A
more comfortable life for you and your family. These are just
some of the numerous benefits that network marketing promises to
its participants.
However, the most important question is: Is network marketing
really a lucrative business? Well, why don't you read the
following facts about network marketing and answer that for
yourself?
*In 2000, the network marketing industry raked in US$62 billion.
*As of 2000, the number of network marketers all over the world
reached 31 million. The number is said to be approaching the 35
million mark. Of the said figure, at least 10 million can be
found in the United States.
*Network marketing attracts people from all walks of life and of
all races and ages. In fact, 5% of network marketers in the
United States are senior citizens, while the physically
challenged comprise 8% of the market.
*Network marketing models are being used in direct selling ---
an industry which is approximately worth US$80-100 billion.
*Even "Fortune 500" companies take advantage of the successful
network marketing business methods. Coca-Cola,
Colgate-Palmolive, and Citigroup are just some of those giant
corporations that have been reaping the benefits of network
marketing.
*Warren Buffet, who is ranked second in this year's "Forbes List
of World Billionaires," believes in the power of network
marketing. In fact, last year the biggest addition to his roster
of businesses was actually a network marketing company ---
Pampered Chef.
Now that you know that network marketing is indeed a lucrative
business, the next question that you would most probably ask is:
How can you rake in great earnings from network marketing?
First and foremost, you need to be adequately and properly
acquainted with the endeavor that you are getting into. Here are
the three basic P's of network marketing:
*PEOPLE
Network marketing is all about people. Obviously, you can't
build and maintain a network without people joining in, right?
Develop and enhance your socialization skills. Be interested in
various kinds of people. Talk to them. Get to know them really
well. Then decide which ones you should carry one step farther
and lead to the world of network marketing. Find and get the
right connections, and together, savor the sweet flavors of
success.
*PRODUCTS
Are the products of your prospective business easy to promote
and sell? Take note that consumable products are the ones that
can provide you with the highest income potentials.
If you find yourself confused by what you've read to this point,
don't despair. Everything should be crystal clear by the time
you finish.
Know your products fully. Consider important factors such as
pricing, functionality, and durability. What are the strong
points of your products? Ask yourself if you would actually
agree to purchase them if they were offered to you.
*PLAN/PROGRAM
Does the business you want to get into have a clear-cut plan or
program? This includes compensation plan, promotion methods, and
trainings. Does the company provide adequate support to its
marketers?
Make sure that you know all about your business plan or program.
Otherwise, you will have difficulty convincing other people to
also get involved in it.
Meanwhile, here are the five P's of successful network
marketers. If you wish to join the network marketing business
and eventually succeed, you must be:
*PATIENT
Network marketing is not a get-rich-quick scheme. Network
marketing does not offer you the chance to be a millionaire
overnight. Understand that you need to be very patient and to
work really hard. Remember that success comes to the right
people at the right time.
*PERSISTENT/PERSEVERING
Always keep your flame burning. Never flicker. Keep the
excitement of your "first day." Be determined from start to
finish. If after a few trials you don't succeed, don't lose
hope. Never accept defeat. Instead, be challenged and strive to
reach your goal. Soon, you will see that your efforts are paying
off and your earnings are multiplying... slowly but surely!
*PERSUASIVE
You cannot succeed in the world of network marketing if you
don't know how to convince other people --- whether to get into
the program or to purchase your products. Make sure, however,
that you actually believe in what you are saying. You cannot
convince other people into believing or doing something if you
yourself are not convinced about it.
*PROACTIVE
The fast-paced world of network marketing has no room for a
passive, shy person. You need to possess the right energy and
confidence to succeed in this endeavor. You have to be
quick-witted to be able to always see an opportunity in any
situation. Promote yourself and your business on all appropriate
occasions.
*PASSIONATE
Love what you do and everything will follow. Your passion for
your job will surely be evident in the way you perform, in the
way you talk to others about it.
Truly, network marketing is a lucrative business. It is up to
you, however, to make this money-spinner work for you. With the
right attitude, right knowledge, and right skills, you can
certainly rake in more earnings from network marketing!
The day will come when you can use something you read about here
to have a beneficial impact. Then you'll be glad you took the
time to learn more about network marketing.
About the author:
Daegan Smith is the leader of the fastest growing team of
successful home business enterpernuers on the net. Find out how
we're creating financial freedom all across the globe and how to
get in on the action FREE at http://www.comlev.net