How to Do Network Marketing?
Network Marketing, also called MLM (multi-level marketing) can be very profitable. Many companies operate in this way.
The main requirement for this business is to be good at selling.
Don't despair if you're a shy wallflower as selling is a skill that can be learned, and in most network marketing companies you should be provided with plenty of training materials and help.
When you join a network marketing company there are two ways of earning money. Firstly, by selling the company's products to the customer, you would then receive a percentage of the products you sell.
Secondly, you can also recruit other sales agents, while continuing to sell the products yourself. You would then receive a commission for every sale your agents make also.
Although this is a simple and profitable way to earn money, you do need to put an effort to earn money as it is with any other business.
It can be possible to get into a position whereby you build a large network of sellers, who provide you with an income with their efforts, but you have to put in the work and it doesn't happen overnight.
If you are good at selling and are prepared to put in the work then this could be a very good way of making money.
There is a wide range of products available to make money from.
Choose a company whose products you like and perhaps would buy yourself, as this will make it much easier to sell.
Also, make sure there are not too many agents for the company in the area you would like to work.
This would make it difficult to sell a reasonable amount.
Try to find a proactive, experienced, and helpful agent when deciding on which company to join.
They will be the ones providing you with the most training and advice. Some agents provide regular training sessions and online forums to help and encourage each other.
Request information from several people or companies before making a decision.
You don't need any qualifications to join. You will be trained by the company you join to sell the product you choose.
Once you have chosen the company you wish to sell for, you will need to purchase their basic kit - this can be as little as a short training guide and some catalogues depending on the company you have chosen to work with.
You should not be required to buy the products yourself to sell. It is common, however, to be expected to pay for some samples of the products.
It is then up to you to make contacts to sell the products. You can sell through friends and their friends, work colleagues, special events, schools (check first), holding a party, or anywhere you can leave a catalogue in their business or office.
To work in network marketing you will need energy and resilience and a tough skin to cope with the many rejections!
At the start, you may only be making a small amount, but successful people with a big network can make a lot of money.
Pros
If you are comfortable with selling and have or can make contacts you could persuade to sell to, you can make good money.
- Good way of meeting people.
- Flexible working hours.
- Help, training, and encouragement from your upline (the person that you joined the networking company through)
- Ready-made business
Cons
- A lot of time and effort is required.
- Could lose friends if you try too hard to sell products to them or try to make them become agents too.
The start-up costs are usually very low for this kind of business but you must be good at selling, or be willing to learn how to sell.
There you have it.
