Beginner’s Guide To Network Marketing (mlm)

MLM Mastermind Event #6 Network Marketing, also called MLM (multi-level marketing) can be very profitable. Many companies operate in this way, for example Amway, Kleeneze and the Body Shop.

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 commission for every sale your agents make also.

Although this is a profitable way to earn money, don’t be fooled by claims that it is easy to earn money with little effort.

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 are a wide range of products available to make money. 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 lMLM Mastermind Event #7ike 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, to a package of products, stationery, catalogues and training materials. You should not be required to buy the products yourself to sell on. It is common however, to be expected to pay for some samples of the products at up to 100 ($200).

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 energyMLM Mastermind Event #7 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 100,000 ($200,000).

However this is not common and the average earnings are around 5,000 ($10,000) a year.

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

Lot of time and effort required.

Could lose friends if you try too hard to sell products to them or try to make them become agents too.

Start up costs (although usually relatively low – less that 100 or $200)

Must be good at selling, or be willing to learn how to sell.

You may also like these articles:

Similar topics: Network Marketing, Mlm, Home Business Ideas, Multi-level marketing, Amway, MLM, Kleeneze, Body Shop, Business, products, Marketing,

Image credits:
MLM Mastermind Event #6 (Photo credit: ArtJonak)
MLM Mastermind Event #7 (Photo credit: ArtJonak)
MLM Mastermind Event #7 (Photo credit: ArtJonak)

NetMarketZine is an officially authorized and remunerated associate for recommending high quality products found on this website. Links on this website may be associate links which means if you click on a link of a recommended product, I/we may receive monetary compensation. However, this does not affect any unbiased information presented on this website. The owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com. Additional affiliate programs and networks may include Avantlink, CJ, Clickbank, Walmart, BestBuy, AliExpress, and others.

You May Also Like These Topics...

Bitcoin Could Possibly Sink Even More, But You Can Still Profit with the Staff at the Blockcharter.

Blind hope for a recovery or perhaps a bull run is one thing every speculator has experienced at least one time. The Professionals at JP Morgan have forecast that Bitcoin (BTC) could possibly tumble below $1,260, while banks will not likely reap the benefits of blockchain for a minimum of 3 to 5 years. (Reuters […]

Allegro.ai Launches New Startup and Partner Programs

After receiving investments from leading enterprises Hyundai, Samsung and Bosch, the enterprise focused deep learning computer vision startup allegro.ai is declaring the launch of two important enterprises – The Startup Program and The Partner Network. Founded in 2016, allegro.ai announced this week that it will be making its enterprise grade solutions available to selected startups that demonstrate the […]

Comparing Business VoIP Providers

VoIP has easily replaced the traditional landline. A lot of business owners prefer to use VoIP services and save huge amount of money that would otherwise be spent on efficient communication. Every business depends on internal and external communication to grow and VoIP makes it possible for the business to reach its potential with cheap […]

6 Features That a Data Quality Management Tool Should Have

Data has emerged as a key decision-making tool for businesses today. The data-driven enterprises gather information from all the sources it can, structures this information and then analyzes it to get rich and actionable insights. This data could relate to customers, suppliers or employees depending on the source it comes from and the people it […]

Tags: , , , , , , , ,
Previous Post

Customer Support And Its Importance In Web Hosting

Next Post

What Is Reseller Web Hosting?

Leave a Reply

0 Shares
Tweet
Share
Share
Pin