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.
If you listen to the audio Jim Rohn Building Your Network Marketing Business you will not only become better at recruiting, but you will also be able to sit with your hired business plan company experts and make a better plan for your business based on its current growth rate. This is because you will understand the industry in a new light. One of the things that will become clear is that storytelling is key to recruiting in network marketing. Jim Rohn was an excellent story teller. He knew the exact words to use to pique someone’s interest in his opportunity.
The Law of Averages from Jim Rohn Building Your Network Marketing Business
Jim spoke about The Law of Averages in his audio. He said that if you do something often enough a ratio will appear. For example, if you speak to 10 people a day in the beginning you might be 1 for 10. Then over time you may be able to recruit 1 out of 10. Eventually, you will grow to be able to close 10 out of 10. But it all happens over time and with consistency. You will have to fix an office and prepare it with the basics such as a document destruction system and paper.
Quotes from Jim Rohn Building Your Network Marketing Business
Some of my favorite quotes from the audio program are:
“Profits are better than wages”
“Wages make you a living, but profits make you a fortune”
“I’m working full-time on my job but part-time on my fortune”
“It’s not what happens that determines your life future it’s what you do with what happens that makes the difference”
“It’s not the blowing of the wind that determines your future, it’s the set of the sail”
These quotes are amazing because they all demonstrate how being an entrepreneur allows you to earn profits, which are unlimited and wages are limited. Additionally, the point that Jim Rohn was making is that it is best to control your future because when you do, the possibilities are endless.
Jim Rohn Served the Best Advice About Life
By his own confession, Mr. Rohn said that what he did to change his life was change his philosophy. He said that he corrected his errors from the past and picked up some new habits and disciplines for the future, for example the use of a SEO strategy by finding a trustworthy affiliate marketing agency does not have to be hard, read more at Factschronicle.
He said that someone once asked him how the next 10 years will be and he said that it will be just like the last 10 years. He said that the next 10 years will be opportunity mixed with difficulty. After expansion comes recession. And after recession comes expansion. Nothing really changes about life until you do. His words of advice were not to wish for less problems, but to wish for more skills to solve the problems of the future. Wish for more wisdom. And keep sowing seeds, because eventually your seeds will fall on fertile ground that will be fruitful and multiply.
Jim’s Advice About Recruiting
Jim Rohn’s advice about recruiting is just like mine. We always would say that the fortune is in the follow-up and apparently Mr. Rohn felt the same way. I always would say that we as people need to be a beacon of light. Mr. Rohn says we need to be bridge to take people from not knowing to knowing or from darkness to light. His best advice was to always study. If you’re in network marketing, you must become a student of the industry then you must practice your craft and then teach others how to do the same.
I would encourage you to listen to his audio program.
If you have listened to the audio before, let us know what you think. Drop a comment below to let us know your thoughts.
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.