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Tip Sheet Thirty-One: Want to Make Money
and Considering Network Marketing?
Hello!
We
all need to make extra money in today's highly uncertain times.
On the one hand life is precarious, on the other, it's a great
time for entrepreneurs to start new initiatives and ventures.
If
you don't want to invest a lot of money or you haven't got
a lot of time to spend building a business then you need to
seriously consider what it is that you need to do to become
successful.
Like
everything in our World, Business is a process; so the key
is to find something that you can do easily with others to
make the money you want.
It's
likely that setting up a traditional brick and mortar business
and franchise is out of the question, so what now?
Mmm?
How
about Network Marketing?
Network
Marketing is a known and credible business model, taught at
Harvard, which contributes billions of dollars to the GDP
(Gross Domestic product) across more than 30 of the World's
richest and most developed as well as up and coming Nations.
However,
like every Venture, it worth getting to understand the pro's
and con's of the Industry before you get involved; and it's
worth understanding how to optimise the opportunity before
you start.
But
what is Network Marketing, also known as Multi Level Marketing?
What
is Network Marketing?
So
what is MLM?
Is
it pyramid selling?
Is
it legal?
Is
it worth YOUR time and money investment?
Ask
anyone what MLM is and they'll give you this stock answer
MLM
is a Business Model that allows you to set yourself up as
a Distributor (i.e. a Sole Trader) and sell products and services
which are made available by a Home Office/Corporate Body.
For
each product you sell you are paid a commission.
More
importantly, the Multi level Marketing (MLM) business model
allows you to sponsor/recruit other people who also sell products
and you get paid a commission on the sale of those products
too.
Usually,
before you can earn money, you need to be 'qualified'.
Qualification
usually entails the following:
1.
Buying a minimum amount of product or service each month -
usually between $40 and $100 a month or equivalent in your
local currency.
2. Sign up to an 'autoship' program - in other words you commit
to buying an amount of product every month
3. Have sponsored a number of people who do 1 and 2 above
It
should be pointed out that the distinction between a Legal
Business and an Illegal Business is this:
A
legal business is one whereby Distributors are paid commissions
on the sale of product
An
illegal one is where people are being paid to sponsor others
and where no tangible product or service is being sold.
Like
any business, there are people who own the business, i.e.
the Shareholders; then there are the Directors and then there
are the Managers and Workers.
In
the case of Network Marketing the typical Sales and Marketing
Staff of a Company are removed and replaced by Independent
Distributors, like you and I.
Now
don't get distracted by the words 'pyramid selling.'
Distributors
have two primary target markets to sell their chosen product
or service to. They are:
1.
Consumers/Customers/Clients/Third Party Niche Businesses such
as Chiropractors
2. Other Distributors
It
depends pretty much on which MLM Opportunity you join which
primary Customer you need to sell to.
For
example, some Network Marketing Companies have a high reliance
on selling to Consumers e.g. Jewellery and they do this through
Home 'Party's'.
Others
might have a higher reliance on creating a large Team of Distributors,
who only choose to, consume a monthly allocation of product.
So
Network Marketing is, a typical buying and selling operation
using a Distribution Channel of third party Agents, whose
role is to find Customers, sell product or service and create
revenue for their chosen Corporate Body.
That's
it!
No
hidden agenda
However,
unlike a typical Corporate Body with a sales force that concentrates
on a geographic area e.g. a Town, a Country or a Region the
Network Marketer has a massive Market and target audience.
The
Internet has revolutionised the Home Business Industry, that's
why there are over 500 different Corporate Bodies choosing
to sell through the Network Marketing Distribution Model.
Of
course, with this huge predominance of Opportunity has come
market fragmentation and intense competition.
This
has made Network Marketing a difficult Business to Operate
from Home, where many Distributors fail to make any money
because they cannot develop a Team and so cannot develop meaningful
levels of sales and revenue for their chosen Opportunity.
Now
remember, what we said earlier, if you're going to enter into
a Business then it makes sense to understand the pro's and
con's as well as how to optimise the business for maximum
income.
Clearly,
with over 1 Billion potential customers and other distributors
to talk to the opportunity for real wealth building is staggering
and that opportunity is far more than what one could earn
through the day job, without spending a third of your life
working for someone else.
In
other words, getting involved in Network Marketing is a smart
move for anyone wanting to earn more money.
OK
so now what?
We
live in a complex World, where there is a lot of misinterpretation
and even misrepresentation
We
live in a World where there are many different Agenda's
We
live in a World where Network Marketers struggle to sponsor
others
We
live in a World where we fail to build the necessary Business
Relations needed to sustain long term mutual income and real
success
We
live in a World where other people want to take your money
by offering inferior products and service
We
live in a World where there is limited Network Marketing Transparency
But
it doesn't have to be like that.
If
you're really interested in making money then Network Marketing
really should be a consideration because it is has great potential
In
fact some of the big earners are taking home over $500,000
a month!
Clearly,
you won't be able to earn that amount of money in the next
year, but you could certainly be looking at $1000 or more
a month within the next year or less by optimising what we
each do and how we each do it!
And
that's where the MLM Friends Platinum Club comes in!
Our
information and tools are designed to optimise Network Marketing
through the creation of a global collaborative and optimised
MLM environment.
It's
a place where we can all learn, talk, discuss, benchmark,
advertise and build a Team together! It's very unique
four years in the making and based on more than 18 years of
online and offline Network Marketing experience
Best
of all, you can have a look at, and use all of our Club's
tools for the next 30 days and it will only cost you $1.
That's
one dollar to see if MLM is really going to be something for
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