Network Marketing - Entrepreneur
What is Network Marketing?
Network Marketing also known as multi-level marketing, is a business model which involves network of people who sell a company's product.The members of this network are usually enrolled on a commission basis.
Basics Task could be-
- Sell the product
- Recruit/Add new members
- Make sure their recruit members make sale of the product.
How Network Marketing/MLM Works?
- First, a company with helpful products seeking to break into the market without paying for adverts or doing promos may decide to try out network marketing.
- Company then recruit or hire new participants and trained them depending on the types of product to be sold.
- Once the Training period is over, participants will have to sell off these products to people close to them with the hope of earning a commission for each product that is sold.
- Company will require participants to try to recruit other participants since it is a hierarchy system.
- When participant A recruits B, Mr. B will have to become a sales rep down line of Mr. And A will continue to earn a commission each time Mr. B sells off a product. For Mr. B to start earning from the time of others, he will also have to recruit others to be under him.
Is Network Marketing good for career?
Network marketing can be a great career, depend on a few factors.
- The effort you make
- Company you choose
Some notable network marketing companies include:
- Amway
- Forever Living
- Modicare
- Vestige
- Future Maker
- Avon
How to succeed In Network Marketing?
- Finding the right Company:- Company age, sales and reputation.
- Look up Company CEO and other leaders
- Product Investigation
- Question the Recruiter
- Draw a business plan
- Choose the right mentor
- Study company products well
- Attend the meeting and calls
- Building new marketing business/Recruit new members
- Give team members good commission.
Comments
Post a Comment