With all the recent hype around it, you probably have a pretty clear idea of what network marketing is. After all, most people believe that it’s all about an overly enthusiastic salesperson trying to rope you and your friends into a scheme that involves buying and selling vitamins or Tupperware. But this couldn’t be further from the truth.
The concept of network marketing started in the 1940s. Distributors who acquired a certain number of customers went on to become “direct” distributors. Furthermore, they also began earning a commission based on other people’s effort. Needless to say, network marketing has evolved significantly over time. It’s now one of the most popular vocations for young people who dream of large incomes and flexible work schedules.
As with all careers, network marketing can be a huge source of success of you have the energy and drive to achieve your goals. It’s not a get-rich-quick scheme or a hobby. Instead, it’s an awesome opportunity for you to earn money and run your own full or part-time business. But you first need to get as much information about it as possible. You can find the basics of network marketing on www.toddandleahrae.com. Also, here are 5 important facts you should know before starting your network marketing career:
Recruiters will paint this field as a glamorous source of passive income but the reality is that network marketing is all about sales. If you have notable sales talents, then you can succeed at network marketing, That said, you could probably make more money elsewhere.
That said, keep in mind that this industry is saturated with products that are less than reputable. This means that their products will be hard to offload at any substantial volume. Of course, you might be able to sell to the right crowd of family and friends. But you will end up with an unreliable income and a sales slump if you don’t get enough referrals.
Not only does this require a full-time commitment, but you should also be ready to help them order items and arrange deliveries for customers. You could even find yourself having to hire someone else to assist you. The reality is that this process could potentially saturate your own target market with your competition, decreasing your chances of success with network marketing. You can also check our post on network marketing tips for better understanding.
As with all careers, network marketing can be a huge source of success of you have the energy and drive to achieve your goals. It’s not a get-rich-quick scheme or a hobby. Instead, it’s an awesome opportunity for you to earn money and run your own full or part-time business. But you first need to get as much information about it as possible. You can find the basics of network marketing on www.toddandleahrae.com. Also, here are 5 important facts you should know before starting your network marketing career:
5 Best network marketing facts to Know about Beneficial Marketing
1. It’s Not as Easy as It Seems
The cash bonuses and exotic trips that many direct sales companies dangle before new recruits are certainly a nice touch. However, it’s important to remember that you will only earn them through a lot of hard work.Recruiters will paint this field as a glamorous source of passive income but the reality is that network marketing is all about sales. If you have notable sales talents, then you can succeed at network marketing, That said, you could probably make more money elsewhere.
2. It is Based on Commission
Network marketing professionals almost exclusively work on a commission basis. This means that you will only get paid if you sell something. However, this isn’t necessarily a bad thing – especially if you are working for a reputable firm.That said, keep in mind that this industry is saturated with products that are less than reputable. This means that their products will be hard to offload at any substantial volume. Of course, you might be able to sell to the right crowd of family and friends. But you will end up with an unreliable income and a sales slump if you don’t get enough referrals.
3. It’s Mostly Part-Time
Studies show that most of the people that get into network marketing start out on a part-time basis. However, this is pretty good news for any beginner. It means that you will be able to maintain your current job while working hard to build a sustainable business at the same time.4. Other Professions Pay More
Many network marketing opportunities boast of huge earning potential. However, the truth is that very few sellers will ever be able to make more than a little petty cash. The average sales for many direct sales products are quite low. If you’re not willing to invest the time and money required to succeed at network marketing, then you might be better off sticking to your traditional job.5. Building a Business is Hard
You will be able to stay plenty business with making sales and planning sales parties with network marketing. However, the big money will only start rolling in when you begin recruiting others to sell for you. When that happens, you’ll have to also help them build their own businesses.Not only does this require a full-time commitment, but you should also be ready to help them order items and arrange deliveries for customers. You could even find yourself having to hire someone else to assist you. The reality is that this process could potentially saturate your own target market with your competition, decreasing your chances of success with network marketing. You can also check our post on network marketing tips for better understanding.
Ashutosh Jha
Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
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