What is network marketing?
Networking is a marketing strategy that makes use of people to reach markets which are hard to reach via e-mail marketing. This is a type of multi-level marketing, in which distributors are recruited to sell products directly from the company.
How does it work?
In networking, you have to first invest an amount equivalent to a starter kit. Included in the starter kit are the products that the company wants you to sell. Aside from direct-selling, the networking method provides you with a “downline system”. Your downline is the total of your original recruits down to your original recruits’ future recruits. For every successfully recruited person, you will get a certain amount as a reward. To sum up, there are two ways for you to earn in networking: 1) through direct-selling 2) through increasing the number of your downline.
Benefits of network marketing
Find out the benefits that network marketers derive from this type of business.
1. Financial independence – Network marketers often venture into the world of multi-level marketing with this in mind. People would want to be financially independent to sustain their own needs. As you start with this business, you will start earning your own income.
2. Be your own boss – Tired of your annoying bosses? You don’t have to deal with them anymore! In networking, you are the one who dictates how you want your business to operate!
3. Limitless opportunity – You won’t have to be trapped in a time-based earning system. Spending your time in the office earns you a fixed income regardless of the effort you put on it. As a result, your lazy workmate gets promoted because he happens to be your boss’ pet while your superb effort remains unseen. You don’t have to put up with that anymore, make your earnings equal to your effort!
4. Personal growth – Training sessions and seminars are provided by networking companies to help their starters learn how things work. Included in these trainings are lessons on speaking and social interactions, which are the network marketer’s main tools for networking.
5. Small capital – Many are worried about the capital needed in starting a business. While some businesses need huge capital, network marketing only requires a small investment on your part. This amount can only be worth a pair of shoes!
6. Relationship building – As you go along in the business, you will have to deal with a lot of people. Because of this, your interpersonal skills will be honed. This is also a great way for you to start building relationships with other people both inside and outside the company!
7. Building connections – Building connections is one of the primary goals of multi-level marketing. Because you are meeting and talking with a lot of people in this business, you will be able to build a wide range of connection. This will enhance your chance of success!
8. Nailing down your own schedule – Because you are your own boss, you can now set your own working hours!
9. Can be part-time – With this type of business, you don’t have to sacrifice your full-time job. Because of the flexibility in the working terms, you may be able to handle both jobs with proper time management.
10. Money at work – Tired of working? Let the money work for you!
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