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Network Marketing Questions and Answers

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Got questions about network marketing? In this article you will find both your network marketing questions and answers.

When people first here about the industry they’re curious. But sometimes they’re afraid to ask their questions, especially in front of a crowd of people.  This is why I have laid out the answers to some of the most common questions that people have about the industry.

What is Network Marketing?

Network marketing is the perfect industry for someone seeking a part-time or home-based business.  Some of the most well-known companies in America are under the network marketing umbrella (e.g. Mary Kay Cosmetics, Avon and Tupperware).

Does it cost to participate in the industry?

Most programs require a low upfront investment which is mainly used for the purchase of sample kit as well as the opportunity to sell a product line directly to family members, friend, co-workers as well as other contacts.


Do you have to recruit other people in network marketing?

The majority of the network marketing programs will ask their participants to recruit other sales representatives. The recruits constitute a rep’s downline.  Products and services are distributed through the downline.

How does network marketing differ from direct selling?

In direct selling independent reps make up a distribution network for goods and services.  Most of the income in direct sells comes from the individuals personal sales.  Whereas, network marketing or MLM is based on tiers or multi-tier of reps distributing products or services.

Network marketing gives several people the opportunity of becoming involved in a system for distributing products to consumers. Rather than starting a business from the scratch, the network marketing participant helps in selling the company’s products directly to the final consumer and can likewise offer training.

How do you get paid in network marketing?

As stated earlier, as a network marketer, you earn money by selling the products or services of your company. In addition to earning money from your personal sales, you can also earn a percentage of the income generated by the distributors which you brought into the program i.e. downlines. In most cases, there are bonuses for selling a particular amount of product or signing up a specific number of new members; you can also earn cars and other incentives like trips. Being a part of a well-run network marketing business can be like being a member of an extended family.

Is Network Marketing a Pyramid Scheme?

Unfortunately not every multilevel marketing opportunity is a legitimate business opportunity. Like Zeek Rewards and so many more companies like it. The major difference between network marketing and a pyramid scheme is the main purpose of a pyramid scheme is to get your money and then use you to recruit other people to steal their funds. However, the entire purpose of network marketing is to move product. The theory behind network marketing is that the larger the network of distribution, the more product the business will be able to sell. Thus, network marketing is a good way through which part time income can be generated for different needs.



How to know when a network marketing company is legit?

While some network marketing companies are scams are ready to swindle your money, the good news is that there are several opportunities which are available for people to benefit from. So how would you know the good opportunities in such vast market? Below are some additional questions you can ask to help you choose the right company for you:

  • Has the company been around for more than five years?
  • Is the company well-capitalized?
  • Is the company’s product and services unique?
  • DO people need the product and services?
  • Is the service or product trending?
  • Can you generate income immediately?
  • Does the marketing system take full advantage of the technology?

Once all the questions have been answered appropriately, you can then join such marketing company because your capital as well as future income would be assured.

Need more network marketing questions and answers?

If so, please leave your questions in the comments section below and either myself or a member of our team will answer you.

 

 

 

Network Marketing Team Names That Rock

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In this article you will find network marketing team names that you may want to consider.  Network marketing represents the ultimate exercise in team building.  The minute you recruit someone, the process of building a team begins and you immediately become a team leader.

As a leader, you must help your team understand that they should show up and participate in all  major meetings and functions. They should understand all aspects of putting together a business opportunity meeting and should volunteer to assist in every way necessary.

Team members should have morals and should always operate in an ethical fashion. They shouldn’t lie or steal or make false promises. And they definitely shouldn’t  sign-up other people’s prospects.

Naming your team is an important first part of stepping out as an MLM leader.  However, you don’t always have to give your team a name when you join network marketing companies, especially if you have signed up with an already popular team.  But when your organization grows to over 100 team members, then you might want to consider naming your team.

Network Marketing Team Names That You Might Like

Pacesetters

Dream Catchers

The Dream Team

Spirit of Success

Circle of Success

Xtreme Dream Team

Extreme

New Visions

High Rollers

The Angels

Team Dynasty

Dream Builders

Team Elite

Team Destiny

The Victory Team

Jet Setters

The Powerhouse Team (TPT)

Vision Quest

New World Order (NWO)

The Winning Team

Team New Beginnings

Team We Don’t Quit

Superstars

We Build Leaders

World Vision

Rising Stars

Team No Limits

Unlimited Success

The Untouchables

Goal Crushers

The Believers

The Achievers

Peak Performers

The Bomb Squad

Branding Your Network Marketing Team Names

Once you’ve decided on a team name, the next thing you will want to do is brand your team.  A few ways you can brand your team name is by developing branding colors and a creating a logo.  You can also begin to sell your branded logo items to your team or using these items as incentives when your team reaches their goals.

Understanding Your Role As a Team Leader

The team leader is the go-to person. In football, this would be the quarterback. If the team leader isn’t present and participating in all aspects of the game, then the entire organization suffers. Just like everyone follows the lead of the quarterback, the same holds true for leaders in network marketing.  You have to lead the pack.

As a leader, you must lead by example.  If you say one thing and do something else, your organization will suffer. For example, you cannot tell your team to register for an event, if you are not registered. The same holds true for sales.  You cannot tell your team to sell $1,000 when you have not done it.

A team leader you will also have to be humble. Network marketing is an industry in which you cannot advance without a team, even though there are various clubs and honors you can receive on your own based on your own personal production.

It is important to cultivate an environment in your organization where everyone achieves. The more you help your team members achieve, the better off you will be. Help them to achieve success and you will achieve success as well.

A team leader is everything to everyone. You are there to serve your team members. Never forget that. Your team needs you. They need your expertise, your guidance and experience. And your role is to make sure that you are accessible enough for them to receive it.

Create a Duplication Nation

From the time you meet a prospect they’re keenly watching you.  This is where the training begins.  Your job is to model the behavior that you want to see duplicated in your organization.  If you remain consistent, this model behavior will pay off.

The beauty about network marketing is that you do not have to re-invent the wheel, you can just look at the actions of those who have already made it and duplicate their success.  Once you become a documented industry success, your team members will follow (duplicate) you.

Build Your Team from Event to Event

It’s important to build your team from event to event.  Make sure that you always have a strong representation at every corporate event.  This is key to building your team.  At events your team gets the opportunity to understand the company better.  They also get the opportunity to network with other teams.

Events are also a great opportunity to show your team spirit.  Always get your team together while your at corporate events to take photos and to give out awards and to recognize those that made it to the event.  These will be great opportunities to “go live” on social media and show others what they’re missing.  Fear of missing out on future events is what you want them to have because at events people catch on fire.  They hear other folks testimonies and they begin to understand what’s possible for them.  This is why it’s important to never miss an event and to always promote events.  It is truly the key to success.

Lead Your Team from the Front

You will want to always lead from the front versus beating from the back.  What I mean by this is that you should always work your business.  You should always recruit and sell your products or services. The moment you stop doing this, you will fall into what we call “Management Mode.”  People that fall into this state end up barking orders versus inspiring action.  Listen, if your team members wanted a boss they could just go to work everyday.  The purpose of network marketing opportunities is to help your team members fire their boss, not gain a new one.  Never forget this and you will have tremendous success.

Good luck my friends.

Have you named your network marketing team?  If so, what is it?  Drop your team name in the comments section below.

Have you purchased 10 Insider Secrets to Network Marketing Success?  It is my audio program for leaders like yourself who are seeking to succeed in this industry.  Click the image below to get instant access to the audio program.

How to Become Successful in Network Marketing

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Have you ever wondered how to become successful in network marketing? Well, you can start by walking the walk. In other words, never ask your team to do something that you have never done. You must lead from the front and not beat from the back. People like to follow documented leaders. Your team members want to follow someone who has paved the way and made a difference. They don’t want to be bullied and harassed. They want to be motivated and encouraged.

Have a business owners’ mindset from the start, is how to become successful in network marketing

Build a business and not a downline. Network marketers tend to rely too much on the company to supply you with everything you need. Therefore, you need to think like a business owner from the start. Run your own team contests and promos. You don’t have to give-a-way a lot, but products and business tools are a great place to start when running team contests.

Follow the startup system

Most companies have systems in place for newbies to get started. And the truth of the matter is that you must start each month like a newbie. This is because every month each person starts off in the same place. At zero, with no recruits and no sales. Following the startup system and getting good at it is the perfect way to achieve success.


Master the compensation plan

Would you start a new job with knowing the job description? Well, the compensation plan shows you exactly what you need to qualify for the next position. No one wants to work each month to stay in the same place. Folks don’t even want to do this one a job. So why would they want to do it in network marketing. Learn the compensation plan inside and out. It is your guaranteed ticket to freedom and it will teach what you need to do each day to get to the top.

Recruit

If you want the loot you must recruit. Recruiting is essential for your success. And you’re not looking for everyone. You’re looking for that one diamond in the haystack that wants to become a true business builder. You must have a fine balance between recruiting wide and helping your organization build depth. Both things are important to achieve lifetime leverage. Selling a lot brings in short money, but teaching others how to sell with get you paid for life.

Invest. Learn and Teach.

Your team will look to you as a leader, but you will not know everything. Therefore, it is important to invest in your own education. You must then implement the things you learn to test your knowledge. Once you’ve achieved documented success, then you can teach your team members how to do the same. This is one situation where you want to teach everything you know so your team can grow.


Build Team Camaraderie

Building a team is work. Keeping a team is even more work. I encourage you to host team building events and socials. The team that plays together often stays together. Take your team bowling, skating, or out for drinks. Don’t make everything about the business, but make it about family. This way you can find out their goals and meet their loved ones. These things are important.

Refrain from being negative

Always wear your positive hat.  Avoid being negative at all costs. Don’t bad mouth your company or your products because your team members will duplicate this behavior.  And remember that you are being watched and your actions will be replicated throughout your organization. Stay positive and always look to the bright side.

Host private training events Just for your team

Doing this will make your team feel super special and like you are really invested in their success.  When you host these events make sure they’re rank based.  This will encourage others to rank up just to be able to attend the training.

When it comes down to this question, “how to be successful in network marketing?” We want to know your thoughts? What do you do to achieve success in your network marketing business? Leave your comments below.

And don’t for get to grab your copy of 10 Insider secrets to Network Marketing Success Audio Program. Click the button below and gain instant access.

How to Keep Your Pipeline Filled With Network Marketing Leads

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One of the keys to success in your home business is keeping your pipeline filled with network marketing leads.  Now that we know this is true, why is it that most network marketers struggle to do this?

Don’t forget the Marketing Side of Network Marketing

When most people join network marketing companies, one of the first things that they tell you to do is to contact all of your friends and family.  They say, “Make a list.” But what happens when you exhaust that list?  What happens when you run out of people to talk to.  Well, this is when you have to teach yourself how to generate your own network marketing leads.

Below you will find some ideas of things that you can do to generate your own leads:

  1. Craft Fairs and Flea Markets – Craft fairs are great places to set up tables and sell products or recruit team members.  However flea markets are a little different. Most flea market attendees are looking for bargain items at bargain prices and product distributed via network marketing is not normally discounted. While you will generate some sales and leads at a flea market, it is not always the best source for generating sales, but could be a great place to find new people.
  1. Vending or Tabling Events – These are events in which you can purchase a table or booth and set up a display of your product for sales or demonstrations (if your company allows this). Some companies allow you to set up vending tables for demonstration only, while others allow you to sell product as Either way, these often provide great ways to generate sales and leads for the business. These events are normally fee- based and can be expensive. The best way to determine if an event is worthwhile for you is to look at the cost per attendee ratio (basically take the cost of the event and divide it by the number of projected attendees).
  1. Facebook Advertising – If you have some information that future prospects would need then you will want to do some FB advertising.  Facebook hates network marketers, which is why you have to be careful and create ads that are generic and not necessarily focused on making money.  You have to ensure that your’re ads conform to FB’s policies before you attempt to advertise with them.

These are just a few ways that you can market and promote your business and keep your funnel filled with leads.  However, if you continue to struggle to generate network marketing leads, then you might want to check out my no cost report, 50 Ways to Market and Promote Your Business.

In Network Marketing You Must Start With The End in Mind

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In order to achieve network marketing success you must work your business from the back to the front. In other words and you’ve heard it before, you must begin with the end in mind. Take a look at the compensation plan or marketing plan from your company and begin immediately building your business with the top or leading position in mind. Once you begin to understand exactly what the qualifications are you have to work to make it happen.

Network Marketing Success Starts With Understanding the Comp Plan

Understand that when you decide to work your business from the top position down, you have made the first step that would put you on the path to reaching it. There is a saying, and the first time I heard it, I was at leadership training with Gloria Mayfield Banks, a top producing National with Mary Kay and Joanne Barnes, another top producing Mary Kay National and that saying is, “Inherent in the seed of the tree is the tree.” What it means is simply this: Before a tree is planted, it is a seed, but when you plant the seed in the soil, is it not already a large oak tree?

Indeed, it is. Even before it was watered and it bloomed, it was a tree, but in the form of a seed, most people can’t see it as being a large beautiful oak tree that will provide lots of shade. Based on this analogy, isn’t that seed (you) already at the top position of the plan? The answer is Yes. When you decide to go all the way to top, you must begin to act as if you’re already there. You already are who you were meant to be or who you’re going to be. It’s just a matter of you deciding to walk in your destiny.

When you think about it from that perspective, you’re already a National Vice President or Regional Vice President or Sr. RVP  or whatever that top position is in your plan. It  doesn’t matter whether the documentation has caught up with you or not, that shouldn’t stop you from beginning to act like that top performer.

Network Marketing Success Leaves Clues

If there is someone currently at the top position in your network marketing company, begin to model that person. The beauty about this industry is that you do not have to re-invent the wheel, you can just look at the actions of those who have already made it and duplicate their success. And when you duplicate them, you have to duplicate just about everything.

Ask yourself, what kind of car does the top producer drive? What kind of clothes do they wear? How do they speak? What kinds of things do they constantly talk about or promote? Pay close attention to these factors because success leaves clues all over the place and you want to pick up on every clue out there so you can duplicate it.

Copying someone is the highest form of flattery in this world, so trust me when I tell you that if you copy someone in network marketing who has had a tremendous amount of success, you will certainly not create an enemy: what you will create is a tremendous amount of wealth for yourself. It is powerful, but don’t believe what I say, try it for yourself.

My Network Marketing Success Story

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My network marketing success story goes something like this:

When I decided to take my network marketing business to another level it felt as if I was beginning a Presidential campaign and I was running for the Oval Office. I knew that the team was ready to advance. I could tell by the energy and excitement in the air. All of the network marketing success key indicators were pointing to signs that it was time for us to move on up.

In my MLM company, getting documented at the top position was no minor feat. It required 75 people to be positioned in the right place, and all must be active with a minimum of $500 in group sales volume. So, when I say that it felt like I was running for president was real because I had to rally all of those people together to achieve success.

Moving Up and Achieving Network Marketing Success

Moving up in most network marketing companies is a team effort and as such it requires the support of the entire team. I began rallying up the troops months before I was ready to move. A group of us decided that we all wanted to move up the plan during the month of October. We sent out a call to action two months in advance and asked all those who wanted to go with us to raise their hands.

The response was amazing. The vision was clear. We had more than enough people on board with plans to go to the next level.  Our strategies were in place to generate sales and to recruit new distributors. We made it fun.

our efforts. By the time October 1st came, we all felt as if the promotions were a done deal. Everyone  had  their plans in action. The minimum amount of volume needed for the month of October in order for the promotion to happen was $72,500, and I knew that if we could generate half of that by the middle of the month, the promotion would definitely happen.

Network Marketing Success Plans in Action

The month began out with a lion’s roar. We worked! By the time of the mid-month checkpoint, we were halfway there. With a huge event planned for Oct. 17th and we were pumped. A huge turnout on that day caused a surge in recruitment, which further adding to our production for the month. But the last day of the month was a nightmare. It was October 31st, Halloween and it felt like it was our election night.

All of the key players were on post standing by the phones and in front of their computers or out signing up people and working to make this promotion happen. At 3:00 PM in the afternoon, I was scared because I didn’t see the numbers move and I was ready to throw in the towel.  However, by the time I took my kids trick-or- treating, the numbers were moving steadily. I felt comfortable leaving the house. I went trick-or-treating and to a Halloween Birthday Party with my kids. They had a good time. When we arrived home later that night, we were only a few orders away from our goal and I knew it was only a matter of time before it was over. By the time the clock struck midnight it was a done deal even though all of the orders were not showing up on my computer system but all of them were accounted for on my spreadsheet. (Yes. I kept a spreadsheet to keep track of it all).

The feeling of victory was better than anyone on the team could have imagined. I personally always wondered what it would feel like to document as a National Vice President. I had dreamed of it when I first joined the company and at that time there weren’t any National Vice Presidents in the company at all. When it officially happened for me, I received flowers from the corporate executive team, gifts from my upline sponsors and so many congratulatory wishes. It was over the top. It felt good. The memory of that Quantum Leap moment will be forever etched in my mind.

Let me help you create your own network marketing success story.  Join me in my new MLM.  Click here to find out more.