What is Network Marketing and how can someone make money with it? That is the question that millions of people are asking, so we intend to explain exactly what Network Marketing is, what it isn't, and how to maximize profits in the business model.[/vc_column_text][ultimate_spacer height=”25″][vc_column_text]
In the video below, Professional Network Marketer, Ben Mueller, explains the concept of Network Marketing and why it is such a lucrative business model for those with an entrepreneurial spirit.[/vc_column_text][ultimate_spacer height=”25″][vc_video link=”https://vimeo.com/148678472″][ultimate_spacer height=”25″][dt_vc_list]
- Very low start up costs
- Ability to create “Leverage” (generating revenue from other people's efforts)
- No cap on income
- All usual business expenses are taken care of by company
- Ability to use the high quality products offered by the company
Network Marketing is over 70 years old and has created more millionaires than any other industry! Why, because it allows the average person to plug into an already existing business with little or no investment, while, at the same time, creating an income strategy that has no cap on the amount of income one can make! Sounds too good to be true right? Well, it's not if one chooses the right company to work with, has a drive in them that won't stop, and has a mentor(s) that will lead them through to success!
What is Network Marketing: Company Viewpoint
Let's first look at why Network Marketing is beneficial for companies. First of all, one of the main expenses that companies have to pay for is; advertising. There is a lot of wasted money spent on advertising because there is no real way to truly identify how much revenue was created by a particular ad. What ends up happening is that companies throw money at advertising with no knowledge as to how the advertising is actually performing, therefore wasting a ton of cash! In Network Marketing, the expense is always a set percentage of the revenue, therefore, no wasted dollars.
Secondly, if a company is selling their products through a Network Marketing sales channel platform, they do not have to take on the expense of housing all the salespeople. The Network Marketers become the sales force, whom are independent contractors. Health insurance, physical location, bonuses, etc, are all eliminated because the Network Marketers are using their own facilities.
Finally, Network Marketing not only cuts down on advertising expense of the company, but it also provides the best form of advertising! Word of mouth, which is essentially what Network Marketers do, is the most powerful form of marketing because it is coming from person to person (heart to heart).
What is Network Marketing: Individual Viewpoint
Network Marketing provides, as mentioned before, a revenue platform for those people that do not want to work for someone else. They don't have a boss telling them how much they will earn, when they can go on vacation, etc. An individual is able to literally plug into a business with little to no investment and, with no ceiling on how much they can make.
Probably the most important facet of Network Marketing is the concept of Leverage. Leverage is what Bill Gates and the rest of the wealthiest people, in the world, use to generate their wealth. Leverage is simply the ability to create revenue based on the efforts of other people. Whenever people in a person's business sells the product(s), the person that brought the Network Marketers in, receives a percentage of the sales.
At the end of the day, in Network Marketing, one is creating a distribution channel of products, without having to deal with the inventory and delivery of the product. The Network Marketer is simply introducing the business and products to others via word of mouth or internet marketing strategies (i.e. Social Media).
Choosing a Network Marketing Company
If this type of business model intrigues you, the next step is to find a good Network Marketing company to align with! In the article “How to Research Network Marketing Companies“, Ben Mueller explains what business model attributes to look for.
Choosing the right company to work with is the most important decision you will make in the Network Marketing Industry, so do not take it lightly. We spent a decade plus with one company and did very well, but time had come to finally move our business to another company. We spent over a month investigating all the Network Marketing companies in the United States and landed on one!
If you are sick and tired of working for someone else and helping them generate wealth, then Network Marketing may be for you! Just make sure you put yourself in the best position possible and learn as much as you can about the Industry. Success in Network Marketing does not happen overnight, but if you continue to put the effort in, and are aligned with a Network Marketing company that is in momentum, you can create the wealth that you have always been looking for.[/vc_column_text][ultimate_spacer height=”50″][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row]