Succeeding With Network Marketing
The images above do not reflect the fact that network marketing
- or direct sales or multilevel marketing - is not a
get-rich-quick scheme or a hobby.
Network marketing is an opportunity that could help one generate
earnings on a full- or part-time basis. The key goal of all
network marketers is maximizing consumption of a product or
service and promoting a successful business for their downlines.
Succeeding in the industry requires observation of the following
guidelines:
An individual should look at a network marketing company's
stability before making a decision to join. The company should
also offer a product or service that answers a market demand or
need.
A crucial aspect is the company's pay plan, particularly the
fairness and method of distribution. This means determining the
percentage of sales that goes back to distributors on a monthly
basis. This also means determining if distribution between new
and old members is equitable or fair.
As in any business, integrity is a must. One should try to
establish the background of the chief executive, management and
that of the network marketing company. The company's reputation
among its rivals would also offer a good gauge of how it has
been performing in the industry.
A potential network marketer must also consider the company's
current status and its direction. Timing and momentum are
crucial: one needs to ensure that he will be joining a company
on the rise and not on a downward spiral.
It is not enough that a company offers excellent management, a
generous and fair plan, in-demand products and continuing growth
potential. The business still has to have the right training and
systems support, as the absence of this set-up would negate all
the positive factors mentioned.
Since network marketing veterans would gain from the success of
their downline, it is in their interest to make sure that their
efforts and the system is learned by the company's newest
members so that success is duplicated. For the recruit, this
means practicing what their mentors preach.
The higher-ups or upline should be supportive, making calls and
updates, organizing a plan for their downline and exhibiting
concern with the success of new members. The company's new
members should not be "orphaned" - or join the network and left
on their own without the needed training and teaching to succeed.
Ideally, the upline should guide recruits over their first 30
days to make them very familiar with the system, or longer if
necessary, until they gain confidence in working on their own.
Maximizing use of the internet is a crucial tool for network
marketing. This is particularly true for capturing and follow-up
of leads. Companies should be careful to ensure that no one in
the network uses the online tool to spam - US regulations are
now tight on the unwanted practice and are also keeping an eye
out for pyramid schemes.
Similar to a storefront, franchise, or any other business,
network marketing requires accounting or financial and legal
support. Write-offs and tax payments are required of any
business, and having an accounting team in place will facilitate
processing of a company's books.
A legal team, specially a group well-versed in network
marketing, is also needed to ensure that the company complies
with all laws affecting the business.
Underlying all these efforts is organization. This is important
especially for network marketing distributors just starting out
on the business.
In terms of prospecting, there is a need to set a definite
number of prospects on a daily basis. This would form a pool of
individuals out of which a target number of people can be
selected.
This will also serve as a prelude to sorting, or determining out
of the target individuals those who may be inclined to becoming
a customer. The sorting process establishes the prospects most
likely to buy the product or service.
These prospects are then provided with samples, video or audio
demonstrations and related material to help them evaluate the
offer at hand. When the search is narrowed after sorting and the
materials are given, follow-up discussions are needed in a bid
to help close the process.
Following these guidelines gives a network marketer a specific
course of action that is likely to help the network become a
successful one.
About the author:
Daegan Smith the owner ofhttp://www.netmlmarticles.com>
Net MLM Articles and 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
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