Network Marketing, Starting out.

Network Marketing, Starting out.

WHAT IS NETWORK MARKETING?

It is a business model that helps companies to use a structured word-of mouth to market their business products and services.

This model allows you to continue to enjoy your referral effort over

generations of people you introduce the business to.

A lot of companies and multinationals are now using a structure

referring system and network marketing to promote their products and

services.

 

WHAT ARE THE ADVANTAGES OF NETWORK MARKETING?

  1. A good alternate source of income – you can grow your income as high as you deserve.
  1. A good platform to develop important business skills like persuasion, team building, networking, marketing operations, etc.
  1. Low startup capital – most network marketing business requires very low capital.
  1. Low overhead – you don’t have to rent a shop or pay staff salary. You only work as a team with people you refer to the business.
  1. Time freedom – this is great because you determine when you work and when you want to take your rest.
  1. No special degrees – you don’t have to go to school before you can do

this business.

 

HOW TO CHOOSE A NETWORK MARKETING COMPANY?

This is important because many people just don’t know what to do or

where to start in this industry. It has been discovered over time that

people join people not company i.e. it is not because a company is the

best, people join because a trusted fellow introduce it to them.

When you want to join any network marketing, watch out for the

following.

  1. What is the origin of the company? Who are the founders and what

is their motivation for starting it among other things?

  1. What products or services are they selling? Do they resonate with

what you can sell or share?

  1. Do they have good distribution network and support system like

video trainings, seminar venues, website or blog, etc. that can help

you learn more and ease your means of marketing.

  1. What is their compensation plan? Is it worth the time? For instance,

I recently joined a company and their startup capital was N1000 – ($3).

Later I had to stop because their compensation plan doesn’t worth it.

  1. What are the success stories? Has anyone earned or received any of

the compensation before from the company? If it’s a new company,

what is the general disposition of the company to help people get to

the top fast?

All this will guide you on the company to join and how to know which

company is good.

 

HOW TO CHOOSE A TEAM TO JOIN

1) Don’t just join anybody because he or she is the first person to

introduce it to you. In most cases in the network marketing

business I have done, I choose my upline and the team to join

deliberately.

Secret No 1: the team you join will contribute 50% to the speed of

getting to the top in your network market.

 

What are the things to watch out for in selecting a team or in choosing your upline?

1.Does this person introducing me have characteristic of leadership that can take me to the promised land or does he or she belong to a team with strong leadership and team work?

2. What is the team recruiting strategy?

3. Do they have a fast track system that helps them get people easily?

4. Do they have an online or offline platform that can be used for training and motivation?

5. How much knowledge does this prospective upline have? If you are not

satisfied with the response the person is giving you, request that the person introduce you to his/her upline or the most knowledgeable about the business in the team.

 

Understanding Network Marketing Operations

 

Operation: This can be broken down further into four.

  1. Product knowledge and function
  2. Compensation Plan
  3. Registration Procedure for New members
  4. Matrix movement and understanding
  5. How to request for your benefits

 

You need

  1. A laptop or a phone that can successfully do the registration
  2. You need connection to the internet
  3. Power supply to power your phone and laptop
  4. A book to record your chats and matrix to monitor your downlines.

 

Network Marketing is extremely human relation-based business. People want to know how much you care before they care about your business.

Product knowledge and functions:

As a leader, you must know your products and services in and out. If I wake you up from sleep, you must be able to teach me the A to Z of how to join a reputable team with high chance of recruitment success. What I am saying is that you choose to be an asset not a liability. This same approach is

what you must apply to those who want to join your team. You must ensure that they are not just waiting to join under you and ask you to begin to put people under them. If someone ever say that to me, I will not accept them to join my team. I will reject you and your money and refer you to another team.

Compensation Plan:

You will need an experience member of your team  to take you through the working knowledge of your company compensation plan, so that you can teach your team members when you start building.

Watch out for Module 2: Building Network Marketing Skills

To join this MLM Coaching Programme, call or whatsapp 08060779290

Dayo Adetiloye Business Hub
Lets connect
Latest posts by Dayo Adetiloye Business Hub (see all)

No Responses

  1. Pingback: How To Make Money On Youtube In 10 Easy Steps
    September 21, 2020

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh