Succeed slowly at network marketing
The common perception is that the hierarchical structure of
network marketing looks like a pyramid scheme. And while pyramid
schemes are illegal. To equate this to network marketing is
simply not fair. The way the company is structured doesnt
decide the organizations legality. If at all the federal
government would be like a pyramid.
The right kind of network marketing is legal since it entails
marketing a product and the volume of products sold is what
determines just how much amount of money the company (and
consequently the distributor) makes.
In order to succeed in the network marketing business, you need
to know what youre getting into and have an idea of how much
work it will entail to meet your goals. It may take a while, but
starting slowly but surely will translate a much higher success
rate than just plunging head first without prior thought
whatsoever.
1.First you need to research on the company thats recruiting
you or you plan on joining. Since more than 90% of network
marketing companies fail within a span of 2 years, it is only
smart to avoid untested companies. Dont worry, there are plenty
still to choose from since about 1 in 1000 network marketing
companies are still standing after more than 5 years.
So in looking at a prospective network to join, youre better
off going with one that has a proven track record. Dont get
swayed with the pitch new companies throw at you saying as one
of the first people in the network, youll achieve your
financial goals in no time. Its ok to be slow and steady so
long as you know, your network wont fold up on you at breakneck
speed. Research resources in check out these companies can be
found from the FTC (http://www.ftc.gov/) and several other
online consumer resources.
2. It is important that your sponsor is someone you respect and
trust. This person will be your trainer and coach. Even if
youre part of a good organization that offers good products, if
your sponsor is someone you dont necessarily trust, being able
to succeed may prove difficult. The sponsor is there to take
care of you as you help the company grow. If you feel he is
recruiting you simply to gain numbers for himself, then it may
be wise to think twice about the venture. Besides, as you plan
on building something long-term with this network, you might as
well work with someone whom you like.
3. Check to see it you are required to secure permits. Although
most companies will take care of sales tax and other similar
matters, it is only smart to know for sure to be on the safe
side.
4. Upon joining and receiving you kit, you are part of the
network and of the business. So as part of the organization,
make sure you know your products and can answer any questions
about them. Best way to do this is to use them. Get to know the
features but more importantly, the benefits it brings to the
consumers. The most successful distributors are the ones who
know everything about their products and are genuinely excited
about them.
5. Listen to your sponsor and upline. Theyve been at this
business longer than you have and may know something that you
dont right now. Great thing about network marketing is that the
plans for success have already been paved. Although it doesnt
mean you cant try out new ways and ideas, but if something
works, why not start from that?
6. In starting off any venture, go out with a set of goals you
want to achieve over a specific period of time. This will help
pace yourself on how much effort you need to put in and it gives
you a gauge to measure your work against.
7. Start forming you network by making a list of people you
know. Include even those whom you feel you could ever go up to.
If the company hosts party-style, youd likely host an opening
that will introduce your business to people. Other methods to
promote your business are through printed collaterals like
flyers and classified ads. Be ready to talk to people about your
business. As you do your rounds, ask for referrals from clients
and friends and if possible, participate in trade shows.
8. Finally, even if you can work from your home, treat this
business as just that - a business. If you go out thinking this
is just some hobby, the attitude will reflect in how you are
seen by your clients and your downline. Remember, you are
running a business backed by a reputable corporation so feel
confident about this and that attitude will take you further.
While some will go for the get-rich-quick way, chances are very
great that these will explode in their faces at the same pace
that they went for it. Going slow may seem a lot of work but
its the smarter way to go. In time, as you build on your
network and look after your downline as well as your clients,
the benefits that network marketing brings will come to you with
greater satisfaction.
About the author:
Daegan Smith the owner ofhttp://www.netmlmarticles.com>
Net MLM Articles and the leader of the fastest growing team
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