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.