How to Get Rich with Network Marketing

Written by Daegan Smith

Network marketing is a marketing strategy being increasingly put to use by hundreds of home business owners nowadays. Network marketing is basically retailing products by using independent distributors. These distributors build and manage their own sales force by recruiting others to sell products. Each person in this downline is a distributor in his own right with his own sales team. This way a “network” of sales people for a particular product is formed. The upside is thatrepparttar originating product manufacturer or marketer does not have to bear costly overheads of recruiting and maintaining their own sales team. Compensation for each distributor or sales person includes one’s own sales and a percentage ofrepparttar 105666 sales of his or her entire downline.

In a way Network marketing isrepparttar 105667 same as MLM or Multi-Level Marketing…a term that has been thoroughly abused by ‘scamsters’ and frauds, mostly onrepparttar 105668 Internet. Though a whole lot of less than scrupulous people have caused some damage torepparttar 105669 standing and credibility of this form of business, it nevertheless figures as a very cost effective revenue stream for a new entrepreneur. Another benefit of Network marketing isrepparttar 105670 training you get in operating a business; like selling, time management and keeping yourself motivated inrepparttar 105671 face of rejection. Also see:,4621,298535,00.html

So how do you get started?

The first thing you would have to do is to selectrepparttar 105672 right MLM Company. That is halfrepparttar 105673 job done. With all those scams doingrepparttar 105674 rounds, it can get a little overwhelming trying to pin pointrepparttar 105675 MLM company where you would want to participate. A lot of MLM companies fail because of various reasons. Some are not well financed; some don’t have a good, saleable product or haven’t been able to innovate to meet new customer requirements. Still others have shut shop becauserepparttar 105676 federal government got wind of their less than holy dealings and acted fast. Even after those MLM guys who had to wind up, there are still some left that arerepparttar 105677 Real Mc Coys. These arerepparttar 105678 guys you need to fish out.

Here are some tips for selecting a good (read ‘Safe’) MLM company for starting your Network marketing business.

  1. Participate in an MLM company that has a proven track record for at least five years. We insist onrepparttar 105679 figure 5,because ifrepparttar 105680 company has survived half a decade and made money, they would have a good product, enough capability to innovate and would be able to provide their downline with good back-end support.
  2. Look for selling a product that you believe in. Imagine yourself selling weight loss pills when you know for sure that a doctor would never recommend most of these pills! Bottomline is, you can’t sell a product if you don’t have faith in it.
  3. Seek out a company that provides solid backend support and marketing infrastructure to its downline. It can riprepparttar 105681 shirt off your back to develop new marketing literature for your customers and for your downline.

What next?

Once you have selectedrepparttar 105682 right MLM company,repparttar 105683 next logical step would be to decide your sales strategy. Devise a plan for lead generation forrepparttar 105684 product you will be selling. In your plan include what targets you need to set to break even, what sales literature you will use and yes, most importantly… how will you develop your downline. Don’t forget that one part of your income will come from them. It is a better idea to have 3-4 quality agents in your level-I downline, than to recruit everyone and their cousin and not have a single dime come atrepparttar 105685 end ofrepparttar 105686 month. At this point of time, It is usually a good idea to focus onrepparttar 105687 primary product you chose for marketing rather than include a host of other lucrative offers. It is easy to lose focus and spread yourself out thin that way.

The importance of Cash flow in a network marketing business

Written by Joel Teo

The importance of Cash flow in a network marketing business

By Joel Teo 2005 All Rights Reserved

Many networking marketing affiliates and mlm business owners face one problem. It’srepparttar question of cash flow. Cash flow inrepparttar 105665 context of a home business means simplyrepparttar 105666 amount of money you get from your home business minusrepparttar 105667 amount of money you spend building it. Many people spend more money on their business than getting anything from it. Then despondent, they throw up their hands inrepparttar 105668 air and say mlm or network marketing does not work for them. What if they had money coming from their online investments which they used to build their online business? That would change their perspective right? Since they after a while would have no money or very little money out of their pocket.

There are people out there who do network marketing because they want to get out of debt and get food onrepparttar 105669 table. That is an admirable goal and I agree with them. However, there is a problem, a business is not a job. By clarifyingrepparttar 105670 distinction in your mind, you would automatically come to a conclusion that you have to build your non-network marketing online income streams so that you can continue to spend money on advertising and other business ideas month after month without running up huge credit card bills which sort of defeatsrepparttar 105671 reason you signed up to build an online business inrepparttar 105672 first place. I.e. your online income funds your online business either completely or largely.

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