If you’ve heard the term “Network Marketing” yet flapped the thought of it away, it’s probably because you have a certain, stereotypical image of it in your head.
Many hear the term and picture a cross between a pyramid scheme and a get rich quick, bound to fail operation. If, however, you take the time to research the topic of network marketing thoroughly and extensively, you may just find that you could be stumbling onto a way of making money that suits you perfectly, and could be just what you need for financial security.
What is Network Marketing?
In broad terms, network marketing is a direct selling method whereby independent agents distribute goods and services on behalf of a large company. Not only can agents make money from the commission on sales, but also by creating their own sales teams through training and recruiting other agents.
If you’re considering network marketing as a way out of your day job, you’ll end up in big trouble. The same goes if you don’t have patience, drive, commitment, and a way with people. Most of the big network marketing companies have been around for decades, for example, AVON and AMWAY.
There are reasons as to why these companies are still around and booming, and one of those reasons is success. You may even know friends or family members who have had some success in marketing.
The following are just some tips that could turn your network marketing venture into a success.
Look for a well-established company to work with and one with a good track record.
Can Network Marketing Work For You?
Find a product to sell that you would actually buy yourself. If you have no passion for what you are trying to sell, it will translate, and you will unlikely become very successful. Ensure the company has top notch training, support and actually cares about its marketers. Be realistic. Don’t decide on choosing this path and quit your job tomorrow. You may not like it, it may be a bad company or you may not be ready.
Use it as a means of passive income until you feel you can use it to survive on.Be patient. Because this is NOT a get rich quick scheme, you need to realize it may take a long time to see results. Don’t throw in the towel just because you aren’t immediately reaping the rewards.
If you follow these tips, and work hard at carefully and cleverly establishing yourself as a network marketer, there are numerous rewards you can benefit from. You can work more flexibly, working on your own hours and not someone else’s, while still maintaining the lifestyle you require. You don’t need any specific degrees or pre training-network marketing businesses provide you with all the training you need.
If you remain in your current employment, yet still put hours into a network marketing job, you will have the security of passive, residual income, so that when times are tight, or a sudden emergency arises, there will be some back up thanks to your side venture. Last, but certainly not least, you will feel a sense of personal pride. You will learn all about time management, interpersonal skills, and what it feels like to be a mentor; to have someone would their business model based on yours, and if theirs succeeds, that’s sure to get you feeling like you did something very right.