Network Marketing AKA MLM
Considering network marketing has grown in popularity over the past few years, you’ve probably heard the term but don’t fully understand what it is. Network marketing is a type of business opportunity that anyone can pursue. It doesn’t matter what your education level is or how old you are. If you have good people skills, then you’ll find it an easy field to pick up on.
But don’t worry if you’re not good with people; you can improve your people skills through MLM. Network marketing is one of the best paths for earning finical independence but it’s that’s also emotionally rewarding and great path for self-development and helping others.
Network marketing, also known as MLM, is an innovative business opportunity for which you’re compensated for sales you’ve referred to the company AND the sales your recruits have generated. This is one of the key distinctions of multi-level marketing. You don’t just earn a commission on products you sell for the MLM company. You’re also compensated for sales your downline generates.
Many people agree that’s a more desirable opportunity than being a salesperson or an affiliate marketer. Multi-level marketing is ideal for people who are unsatisfied with the employee lifestyle and don’t have a lot of money to invest in starting a business. Network marketing is very low-cost business with huge opportunity to make returns on your investment. MLM is the business of the 21 st century.
Benefits of MLM
There several benefits to starting your own network marketing business but here are some of the top reason why I got involved with MLM:
- Be your own BOSS:
one of the top benefits of network marketing is the freedom and flexibility to control your work schedule. You can work at any time and any hour you want. No more 9-5, if your child has a dance recital or football game, you don’t have to miss it because of work. Or if anything important comes up, you can readjust your schedule without asking permission from your boss. Network marketing still takes a lot of work, especially in the beginning, but you have flexibility.
- Financial Independence:
MLM has the potential to create finical freedom. As your business grows, you’ll make more sales and recruit more people to your downline. Many people have worked their way up to earning six figures via network marketing. Starting an MLM business as a distributor is less expensive than creating a traditional business. This allows people from all backgrounds to earn money through network marketing, including university students, stay-at-home parents, and minimum wage workers.
- Low start-up cost:
Starting a traditional business can be very costly and have high overheads cost that goes along with it. MLM business has very low start-up investment cost and very little to NO overhead cost, depending which company you choose.
Top Network Marketing Companies
Your best bet in being successful in network marketing is to join one of the top companies in the industry. You will benefit from their established, well-respected name brand. It’s easier to sell products from a company that people have heard of that one they haven’t encountered before. A person has some level of anxiety when considering purchasing from a business that’s new to them. They are more trusting of well-known brands. The top network marketing companies also have skilled individuals you can learn from. You will progress faster with the right leadership, tools, and guidance.
Isagenix, Mary Kay, and Forever Living are three of the top network marketing companies. Forever Living, founded in 1978, sells aloe vera products and generates $2.6 billion USD in revenue. The MLM company has made it on the Forbes 400 and Inc 500 lists. Mary Kay was established in 1963 and has become one of the top MLM companies with over $2 billion USD in yearly profit.
Isagenix, my network marketing company of choice, was founded in 2002 and has already exceeded $1 billion in annual sales. They produce high-quality health supplements, personal care products, and weight loss programs. You’re likely to find a product of theirs that you become passionate about. Isagenix has one of the best compensation plans for distributors and an abundance of positive product reviews.
Choosing the Right Sponsor
Choosing a good sponsor is essential for succeeding as a beginner to network marketing. You want to learn from people who already know what they’re doing. A sponsor with a proven track record isn’t likely to quit within 30-90 days either like many beginners do. When you’re looking for a sponsor, check whether or not they’ve had success in network marketing.
While choosing the right MLM company is very crucial, it’s extremely important to choose the right sponsor. Even if the company is very successful and has amazing products you could fail with the wrong sponsor, may people quit network marketing because they don’t choose the right team and don’t get the training and leadership they need to build a successful networking business.
When choosing a sponsor it’s important that you speak with them and ask them questions, You want to ensure you’ll enjoy receiving guidance from them and that they’re involved in training they’re downline. You also want to make sure they are invested in working on their networking business because if they are not actively building their business they most likely won’t be reliable or supportive to yourself. You will notice if they don’t return your emails or phone call in a timely manner. Test this theory right now. Email me now! email@example.com
I’m always looking for motivated people to join my team! I love helping new entrepreneurs develop and learn how to create a successful multi-level marketing business, and you’ll have access to the best training and resources as you start on your network marketing journey. My team and I will help you avoid making mistakes that many beginners make and provide you the information you need to build a profitable business.
Big Names That Endorse Network Marketing
Richard Branson and Robert Kiyosaki are two big names who support network marketing. Well-known serial entrepreneur Richard Branson thinks that network marketing and entrepreneurship will create most opportunities over the next 20-30 years. He has stated in an interview that he’s a “tremendous believer in network marketing.” Branson has actually owned a network marketing company in the UK as well, so he has firsthand experience in the industry.
Author of Rich Dad Poor Dad, Robert Kiyosaki also endorses network marketing. He has discussed MLM on various occasions and cleverly pointed out, “The richest people in the world look for and build networks. Everyone else looks for work.”
Network marketing is a worthwhile business opportunity that you can take advantage of to live life the way you want. It’s endorsed by several big names, including Richard Branson and Robert Kiyosaki. MLM compensates individuals for sales they generate for the company as well as people they recruit. Although it’s ideal for those who don’t have much money to invest in starting a business, people of all income levels, backgrounds, and ages can build successful network marketing businesses.