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Have you ever been involved in Network Marketing? If your answer is no, think again! For example, have you ever recommended a product or service to another person? We all have. However, the likelihood is that you received no financial reward for making that recommendation.
You received a product or service you were happy with and were moved to pass that on to a friend or relative so that they could benefit as you did. That's Network Marketing for FREE!
If you treated Network Marketing as a business, you would rightly expect a financial return for your efforts to direct others to this product or service.
The concept of recommending products or services is not new and numerous companies have opened up the opportunity for affiliates and distributors to earn a substantial income using this method. Companies differ greatly as to products offered, compensation plans and affiliate requirements, but they all operate on the same fundamental principles.
HOW DOES IT WORK?
Let's say you join a company that sells products or services. They may use a catalogue or website as a base for their sales and they offer you the opportunity to become an affiliate or distributor.
The basic principle is that the distributors or affiliates actively sponsor others into the business which means the company do not spend a fortune on advertising costs. A major part of the profits can then be passed on to the distributors.
While you can earn a substantial income from simply selling the product or service (retailing), the basic concept of Network Marketing is to build a team or network, large or small, that will earn you group bonuses and bring in an ongoing residual income.
Network Marketing compensation plans vary from company to company but all are designed encourage team building where a group will share bonuses based on sales.
IS IT A PYRAMID SCHEME?
This is a commonly asked question. Pyramid schemes (which are illegal) have given Network Marketing a bad name in the minds of some who confuse the two. Pyramids are basically schemes where often there is no product or perhaps a very dodgy one and people request money from others who will in turn make the same request and so on down the line. Those at the top of the pyramid win and those at the bottom lose.
Network Marketing is entirely different. In contrast to pyramid schemes, Network Marketing could be described as a system where team members share bonuses. In reality, you can earn more than those above you.
You could become a higher earner as a result of building a larger and more productive team. While your upline will always earn as a result of your efforts, you could develop a team that goes well beyond the levels on which they earn.
Network Marketing is business system allowing you to earn income from the company product AND earn an additional income by sponsoring others into the business as part of your personal network.
As you would expect, there are people who have become highly successful within their chosen company and others who have not. Success in Network Marketing depends on a number of factors and one of them is a strong self-motivation. Take time to research the NM company that interests you and communicate well with your potential sponsor. You may find it is just what you have been looking for!
© 2008 - John Campbell. All Rights Reserved
You received a product or service you were happy with and were moved to pass that on to a friend or relative so that they could benefit as you did. That's Network Marketing for FREE!
If you treated Network Marketing as a business, you would rightly expect a financial return for your efforts to direct others to this product or service.
The concept of recommending products or services is not new and numerous companies have opened up the opportunity for affiliates and distributors to earn a substantial income using this method. Companies differ greatly as to products offered, compensation plans and affiliate requirements, but they all operate on the same fundamental principles.
HOW DOES IT WORK?
Let's say you join a company that sells products or services. They may use a catalogue or website as a base for their sales and they offer you the opportunity to become an affiliate or distributor.
The basic principle is that the distributors or affiliates actively sponsor others into the business which means the company do not spend a fortune on advertising costs. A major part of the profits can then be passed on to the distributors.
While you can earn a substantial income from simply selling the product or service (retailing), the basic concept of Network Marketing is to build a team or network, large or small, that will earn you group bonuses and bring in an ongoing residual income.
Network Marketing compensation plans vary from company to company but all are designed encourage team building where a group will share bonuses based on sales.
IS IT A PYRAMID SCHEME?
This is a commonly asked question. Pyramid schemes (which are illegal) have given Network Marketing a bad name in the minds of some who confuse the two. Pyramids are basically schemes where often there is no product or perhaps a very dodgy one and people request money from others who will in turn make the same request and so on down the line. Those at the top of the pyramid win and those at the bottom lose.
Network Marketing is entirely different. In contrast to pyramid schemes, Network Marketing could be described as a system where team members share bonuses. In reality, you can earn more than those above you.
You could become a higher earner as a result of building a larger and more productive team. While your upline will always earn as a result of your efforts, you could develop a team that goes well beyond the levels on which they earn.
Network Marketing is business system allowing you to earn income from the company product AND earn an additional income by sponsoring others into the business as part of your personal network.
As you would expect, there are people who have become highly successful within their chosen company and others who have not. Success in Network Marketing depends on a number of factors and one of them is a strong self-motivation. Take time to research the NM company that interests you and communicate well with your potential sponsor. You may find it is just what you have been looking for!
© 2008 - John Campbell. All Rights Reserved
Bluevoda Website Tools (Free Download)
What is Network Marketing or MLM?
Is it simply a Pyramid Scheme or is it a genuine business model?
A simplified look at Network Marketing for those who are new to the concept.
Is it simply a Pyramid Scheme or is it a genuine business model?
A simplified look at Network Marketing for those who are new to the concept.
Network Marketing