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admin@shayoblooms.comThis might come as a shock to some considering the many misconceptions about this industry. The Network Marketing industry is a business built on trust, close networks and information. It's important that you find these elements in the company you choose to sign up with.
This blog post is an excerpt from my recently self-published book "Stealth Cashflow".
Network Marketing fails when information isn't readily available for prospects or a representative is insufficiently experienced to solve the problems of their market.
The networks built must be sustained through capacity development and valuable communication. The major difference between Network Marketing and other marketing models is that income generated is split between the company owners/management and the people that brought in the income.
The Network Marketing industry is a business built on trust, close networks and information.
Whereas, in other forms of marketing, the income goes to the owner/s of the company. With Network Marketing, you are expected to have transparent income structures that everyone can understand.
I believe Network Marketing is the fairest business model out there. It rewards purely based on your work ethic and effort. Your educational background, race, gender, sexuality, location etc have no bearing on what you can achieve. If you do the work, you will get rewarded for the work you did. Simple!
Recommended: Networking Marketing Success: Is Personal History Important?
Network Marketing is a leveller. Everyone has the same access to the company’s products and the company’s compensation plan. What you achieve is up to you.
If you love the content you get from Shayo Blooms, recommend it using the social share buttons below. Want to get expert advice about Network Marketing and working from home? Then leave a comment below or contact me for speaking engagements. Don't forget to subscribe to my mailing list.
A lot of times I meet people who are not quite sure what Network Marketing (NM) is all about. There are a lot of confusing myths and misconceptions about the industry out there. This can put people off. I decided to explain NM in the simplest way possible. Stay with me.
Network marketing is a business model, according to Investopedia,
that depends on person-to-person sales by independent representatives, often working from home. A network marketing business may require you to build a network of business partners or salespeople to assist with lead generation and closing sales.
There are many definitions online but the above is the one that best describes it for me. You Are in Sales. Ann Sieg says:
"If You Are in Network Marketing, Understand this: Anytime you’re asking another person to give you money in exchange for something, you’re talking about sales."
It's important early in the journey, that you realize that you are in the business of selling.
It's not enough to see yourself as someone who wants to help or save the world. You are an enterprise, an entrepreneur, a sales agent, and you are important to the value chain of the company you work with. Without the Network Marketing Industry, a lot of wonderful solutions and opportunities would not reach the end-users across the world.
Network Marketing is also known as Multi-Level Marketing and Referral Marketing. Basically, products or services are sold by ordinary people who refer the products or services to others. These people are then paid commissions and bonuses off the sales generated. Can you think about the sales job combined with affiliate or referral system?
This combination of skill set puts you square in the centre of a massive web of processes that connects manufacturing and services to their consumers.
Entrepreneur website describes Network Marketing (NM) as A business model in which a distributor network is needed to build the business. Usually, such businesses are also multilevel marketing in nature in that payouts occur at more than one level.
This is an excerpt from my book, "Stealth Cashflow". If you have not gotten a copy, go check it out on Amazon and on my web-store.
The network marketing industry has been one of the most active industries around the world in terms of membership for several decades. From cookware to jewellery to makeup, there are some very familiar brand names in this industry. Almost every home has at least one product or received a service from the network marketing industry.
23% of the organizations in the network marketing industry focus on health and wellness.
Some people see jobs in these fields as a scam or a fast way to lose money, but there are millions of workers worldwide that utilize this industry as their sole source of income. In 2010, this industry generated over $28 billion in direct sales! To succeed in this industry, you must be willing to sell products consistently and be good at doing it.
1. Someone starts a home-based business that is based on network marketing principles every 10 seconds in the world today.
2. Networking marketing businesses that are based out of a home have an 80% greater chance of success than other traditional small businesses.
3. About 38 million people work at least part-time out of their home using industry-based skills every day.
Takeaway: When most people think of this industry, they think of pyramid schemes, lousy products, and annoying brochures. Although there is this component to the industry, the vast majority of goods that are sold directly not only are of top quality, but they are highly competitive in pricing structure. Home-based parties allow people to see and try products before they purchase them and many are satisfied with their purchase not only because they get something good, but they’re helping a friend out too.
1. The average bonus check a home-based networking marketing representative receives every month is greater than $500.
2. By 2015, it is estimated that 50% of American households will be operating a home-based network marketing business at least part-time.
3. The average worker in this industry who works full-time at direct sales earns more than $55,000 per year.
4. 1 out of every 5 home-based network marketing businesses gross at least 6 figures in sales annually.
5. More than half a million people will create a home-based business using network marketing industry skills in 2014 alone.
6. More than 15 million people currently work full time at home in a network marketing business.
7. Some of the biggest names in this industry are Avon, Mary Kay Cosmetics, Pampered Chef, and Tupperware.
8. Network marketing in the United States has experienced consistent growth for more than 6 years.
Takeaway: When traditional jobs are difficult to find, a home-based job using network marketing skills is an easy stand-by option. It offers people the chance to earn a fair salary representing goods or services that they love while being able to pay the bills and spend more time with their families. For those that need a little extra cash to make ends meet, just a few hours a week with a home-based business can create the extra income that is needed.
Photo by Carlos Muza on Unsplash
If you love the content you get from Shayo Blooms, recommend it using the social share buttons below. Want to get expert advice about Network Marketing and working from home? Then leave a comment below or contact me for speaking engagements. Don't forget to subscribe to my mailing list.
Less than 7 months ago I said YES to an opportunity that has now changed my life in more ways than one.
This past weekend, I was one of the speakers at our European convention. I shared the stage with veterans in our industry, company owners, multi millionaires, and leaders in the Science behind Seed Nutrition.
Who? Little 'ol me?
I still can't get over it!!
THANK YOU! THANK YOU! THANK YOU!
I am amazed at how things are lining up in this business. The lines indeed have fallen unto me in pleasant places.
