Introduction
Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Network marketing programs feature a low upfront investment–usually only a few hundred dollars for the purchase of a product sample kit–and the opportunity to sell a product line directly to friend, family and other personal contacts. Network marketing is sometimes considered the same as multi-level marketing (“MLM”), but there is a difference – network marketing is essentially direct selling. Multi-level marketing involves the recruiting of other salespeople who may also recruit others, creating a downline of distributors and a hierarchy of multiple levels of compensation. Advantages include low overhead and the ability to measure your results quickly. Disadvantages include being difficult to get your investment back if you don’t stick with it.”
Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. It’s also sometimes called multi-level marketing (MLM), direct selling or word of mouth marketing. In network marketing, you earn income by selling products or services directly to friends and family members who become customers like yourself.
There are many companies in the network marketing industry today – but they all have common elements:
Network marketing programs feature a low upfront investment–usually only a few hundred dollars for the purchase of a product sample kit–and the opportunity to sell a product line directly to friend, family and other personal contacts. For example, if you want to become an independent sales rep (i.e., someone who sells products on their own), then you’ll need to buy one or more starter kits. But if you don’t have any money in your pocket right now but want to learn how network marketing works before investing anything else, there are plenty of options available from some great brands like Mary Kay cosmetics or Avon cosmetics which offer free samples as well as training materials so that new distributors can get started quickly without having too much invested up front.
Network marketing is sometimes considered the same as multi-level marketing (“MLM”), but there is a difference – network marketing is essentially direct selling.
In an MLM, the salesperson does not make any money unless he or she sells goods or services to others. In other words, you have to sell your own products in order for you to make money. Network marketing companies are not like this because they allow their independent agents (also known as representatives) to make money from every sale made by their clients and customers.
Multi-level marketing involves the recruiting of other salespeople who may also recruit others, creating a downline of distributors and a hierarchy of multiple levels of compensation. The difference between MLM and network marketing is that salespeople are not paid by their own efforts. Instead, they get paid commissions from the products sold by their upline (the person above them on the pyramid). This can be confusing for newbies because many people think that all multi-level marketers are pyramid schemes when in reality it’s only about 10% to 15% who fit this definition.
Advantages of network marketing include low overhead and the ability to measure your results quickly.
Network marketing is a great option for those who want to generate passive income, but have never been able to do so with traditional means. If you are one of these people, then network marketing may be right for you.
One of the biggest advantages of network marketing is that it allows you to build your business without having to spend as much money upfront. This means that if things do not work out like they should, there will not be any major financial loss on your part. The other advantage is that it gives anyone access who wants it – no matter where they live or what their background might be (whether they’re unemployed or not).
Another benefit of network marketing is its ease-of-entry: Once someone has joined an MLM company through either direct sales or affiliate programs (and this can happen within just 24 hours), then all new recruits become eligible for bonuses based on how many people they refer into their own downlines! This means that even if someone isn’t successful at first but keeps trying anyway – eventually he/she will succeed thanks largely thanks that others keep telling others about him/her too 🙂
The disadvantages include being difficult to get your investment back if you don’t stick with it.
The disadvantages include being difficult to get your investment back if you don’t stick with it. You need to be committed to the business, willing to work hard and make sacrifices, learn new skills and be flexible if necessary.
You also need to be persistent in order for Network Marketing success as well as other forms of marketing such as advertising or public relations (PR).
Network marketing can be really good or really bad. It depends on how you do it!
Network marketing can be really good or really bad. It depends on how you do it!
The first step is to find a company that has a product that you want to sell, then start recruiting people who want to buy that product so they can make their own money by selling it too. This is called the “downline” in network marketing lingo and it’s pretty easy to understand why there’s such a thing: if everyone buys from your downline (i.e., you), then more people will make more money than if everyone bought from each other directly instead of through someone else (i.e., me).
Conclusion
We hope you have enjoyed learning about network marketing, and we wish you the best of luck in your future endeavors!