Network Marketing -Multi Level

About Network Marketing -Multi Level

What is the purpose of starting a business? To make a profit. Most businesses spend more money than they make that’s why they go belly up. So why should network marketing be any different? The common belief is that network marketing is a business that appreciates value over time. In other words, if I have a group of 100 to 1,000 people under me buying the product and recruiting more, I’d be getting richer and richer! But we all know that. It is not the pot of gold at the end of the rainbow.

It’s SURVIVING the first 6 months to 2 years! It is common that most network marketers in a new industry typically go through a 6 months trial and error period, therefore, it is crucial to ensure that during those 6 training months, you manage your cash wisely so you can learn and make money at the same time. Just like in normal business, most of them fail within their first 2 years of operation and struggle to make profit even if they do survive. The key to survival is CASH FLOW. In other words, it can be summed up in this equation: Cash today, downline tomorrow. People in network marketing usually run out of cash flow normally after 3 months and they quit because they spend more as they build. But by breaking even as fast as possible, it gives tremendous mental strength to the distributor and he or she is less likely to drop out. First, we must understand the mindset which is the most important starting point in getting by the first 3 months

Network marketing is a strategy for the sale of goods using their customers for distribution and recruitment. This marketing rarely results in any fair payment to the workforce, and is often a scam. With these courses, you'll learn how to keep yourself safe from such anti-consumer practices.

Marketing is the art of connecting the audience with your product at the right place and time. When we think about marketing, several images pop up in our heads like ads, social network marketing, influencers, etc. Our thinking graph rises from the smallest grocery shop in our area and takes a peek at the big brands that have smashed their competitors by winning at the marketing and branding playground.

Although marketing has immensely evolved with the evolution of technology. It has gained various dimensions and widely expanded the territory. We have witnessed its journey from a newspaper to a never-ending pop-up.

Network marketing is a business concept that counts on individual representatives for a direct, person to person selling. MLM (Multi-level marketing) businesses bring onboard independent agents to sell products/services. Businesses need to develop a strong network of partners and salespeople to work on lead generation and closures.

In network marketing, businesses first recruit people who are interested in the products. Instead of paying monthly salaries, companies offer them products at a discounted rate which they can sell in the market at full price. Therefore, the discounted rate becomes the profit margin for them.

They once again reinvest the money to buy a few more products and sell them to earn profits. Because of this reason, network marketing is also referred to as referral marketing as it encourages more people to be a part of your sales funnel.

This application you will discover the topics about introduction to network marketing,