The Network Marketing Industry
59The Network Marketing Industry
People have pre-concieved notions of the network marketing industry/ mlm industry. Some people think it's a scam? . Others have heard so many horror stories about it that they wouldn't touch it.
This is because many confuse mlm with pyrmaid. They are very different:
- Pyramid Sales are illegal mlm/network marketing is legal
- With pyrmaid sales , there is no actual movement of a product/service . While in network marketing there is movement.
- Pyrmaid Sales are designed to scam you out of your money , so you don't make money. Network marketing is a real legitamit way to make money & good money.
Network Marketing Is Easy?
Wrong!!!, The network marketing industry is not an easy industry. In fact it's a tough industry to be in. Saying that the financial rewards are there if you give it time.
I recommend to people that they do network marketing part-time. Until they build sufficent income, then if they choose go full -time . Your building a bisiness with network marketing & building a business takes time.
I can do network marketing?
Not everybody can do network marketing.. As I said it's a tough industry & you have to hold on & be tough to gain the rewards. It's like anything were're not experts at it at the start , It takes time to get good at anything , so hold on be tough and you will get the rewards.
So hold on , you will get the rewards.
Follow The Trends?
The traditional way of doing network marketing for those who hav'ent been in network mareting or know very little.
- 3 foot rule: This in a nut shell is that anybody with in 3 foot of you is a potentiol prospect. So you talk to them & give them some information. Like a card, put them on a promotion call something like that.
- Warm Market: This is when you push your oppturnity or your family/friends. I never recommend this tyo people it can destryo relationships with family friends.
- Cold Market : This would be considered strangers basicly.
- Cold Calling: This is when you buy a list. You would then call up that list , then you put the people on that list through a process and some of them will join your business.
- PBR/ Travel party: This is called different things in different company's . All it is really is you invite people over to your house to show them a presentation of your oppturnity/service .
Thats the old model , I use more modern methods which are more effective. Used properly you can get full-time results from part-time work. Now with the newer model , it takes work at the start and theres a learning curve but all it is is proper marketing.
You're using real marketing , thats why I say follow the trends use more 21st century ways . You'll get better results but you will have to be willing to learn something new.
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Comments
Nice one Derek - like the tips and agree with your advice to use real marketing techniques. Network marketing is growing up : )
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billionbound says:
2 months ago
Hi Derek,
Great information. And I have learned that follwing the trends is a good thing. Because if you don't by the time you get caught up some else new is here. So great poing there keep up the good work.
Joshua