Many thanks to technology and the introduction of the internet into the world as at today, many activities known to be carried out by man have now taken many different shapes and have even done well to replace human with computers in some cases. Network marketing which is also known as multi level marketing basically revers to a system of network which profit is solely dependent on the success of person to person sales who help to create a common success. We are quite familiar with the system of affiliate marketing today and of course this system of marketing is very well associated with network marketing. Success is largely based on how well relationship with clients and salesperson can be created and sustained. This type of system does not have a salary payment system to it representatives, but rather a system of reward which is expressly quoted as per the amount of work individual representatives put in. A representative basically earn money by completing personal sales or getting other people to sign up for the services. He could also create another means of earning if those people who registered under him complete some transactions as well.
Advantages of the system:
This marketing system is flexible enough in the sense that work could be done from anywhere and does not neccesarily require a physical work location or office place. There is no pressure on the representative because what he works for his what he earns, the payment system is flexible because it is largely based on recruiting more representatives. The system is quite okay and there are only many positive attributes to talk about.
Disadvantages of the system:
Since it is impossible to achieve perfection, network marketing too does not exist without it own short comings. For one, creating a database of representative or getting people to participate is quite difficult. It is not so easy to get people to participate in this system, while some are skeptical about the system others are not just interested. Also, there is no secured payment process as with the system. This is to say that a representative can only earn if he is able to complete certain activities on the payment plan, inability to complete these things mean no pay for him.
Network marketing is an industry which will always grow as more and more people want to quit the usually 9-5 life and become financially independent, flexible, and have financial freedom. You can’t just start any business, instead there is a need to understand how it works and the same is the case in the network market. Network marketing can be developed by millions of individuals all over the world. It simply has to do with network of people who sell the services and products made by institutions. These individuals are called distributors. Those they add to the network are their downline. Distributors are normally paid on a commission basis. What that means is that they those in this network make commissions every time they accomplish a task, such as; recruitment of a downline, or sale of a product. This is basically how the system works. Assuming an individual A has another individual B under him as a recruit. Anytime B makes a sales, A will get a commission. Also, whenever A makes his own sale, he also gets a commission. And B will attempt to get his own downline too, and so on. The members in the networks is to recruit more downline and make as many sales as possible to make commissions.
community advertising and marketing is a commercial enterprise version that relies upon on person-to-man or woman sales by way of independent representatives, often working from domestic. A community advertising enterprise can also require you to build a community of business companions or salespeople to assist with lead technology and remaining sales.there are numerous respectable network marketing operations, however a few were denounced as pyramid schemes. The latter may recognition much less on income to consumers than on recruitment of salespeople who can be required to pay upfront for high priced starter kits.network advertising appeals to humans with excessive electricity and strong sales abilities, who can build a worthwhile enterprise with a modest funding.network marketing is thought by means of a ramification of names, including multilevel marketing, cellular advertising, affiliate advertising, purchaser-direct marketing, referral advertising and marketing, or home-based commercial enterprise franchising.
The need for improvement in every area of life has been aided with advancement in technology and so is the case with marketing of products of different goods and services.
marketing has improved very well to the extent whereby there is affiliate marketing and what can be described as multilevel or network marketing.This has to do with person to person sales system with promises of discounts to the customers and the customers also becoming a sales person or a marketer on and on.There is no salary guaranteed but the commission on sales when there is a good performance s however very encouraging.Each person gets another to register under him and the chain continues and as long as it is sustained the income grows
Advantages of network marketing
a.There is flexibility in the way of working one could choose to work from anywhere but the important thing is to get customers
b.The representative earns as he works and thus there is no pressure from any end about his performance because he or she is the boss to himself or herself Disadvantages
a.it is not an easy task to get customers unless the person is a trained or a talented salesperson
Network marketing is a business model 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 reputable network marketing operations, but some have been denounced as pyramid schemes. The latter may focus less on sales to consumers than on recruitment of salespeople who may be required to pay upfront for expensive starter kits.
How Network Marketing Works?
Companies that follow the network marketing model often create tiers of salespeople—that is, salespeople are encouraged to recruit their own networks of salespeople. The creators of a new tier (or "upline") earn commission on their own sales and on sales made by the people in the tier they created (the "downline"). In time, a new tier can sprout yet another tier, which contributes more commission to the person in the top tier as well as the middle tier.
Thus, the earnings of salespeople depend on recruitment as well as product sales. Those who got in early and are in a top tier make the most.
Network Marketing companies are Organisations that are into the manufacturing of different products that they want people to know about, in order to sell what they have in stocks, they would need to recruit some people that are willing to sell them for a commission depending on the terms and conditions of the organization, some companies definitely pay more than others at the end of the day.
People that wants to work in these network marketing companies will actually look at what they are going to get as incentives before they're to register with them.
1. It is one of the best means to earn money.
2. You get paid anytime you meet your target.
3. It provides employment opportunities.
1. It encourages greed.
2. Higher commissions is a way to trick people many times.
Network marketing is also referred to as "Multiple Level Marketing, MLM". It is a system of business where one person success is directly depended on another person. Therefore, no network marketing company can ever succeed and grow if things are done individually, rather, they must work as team. Meanwhile, different network companies have their own different and unique strategies of operating. They also offer different products and services.
Usually, in network marketing world, when a person register as a member, he or she is expected to bring in more members and get them registered under him or her. The number of member that must be presented depends on the policy of the company. It could be only one, two, three, four and so on. With this, a team is formed, and as the team grows, the team leader is promoted and entitled to some compensation packages.
- Team works make targets to be reached on time.
- Products of the network company sell faster with person to person means of advertisement.
- Not all network marketing company fulfil their promises to followers. Some even turn out to be scam eventually.
- Getting referrals to register under you is a very hard work. Because network marketing has a bad reputation for favoring only a few while others are used and dumped.
Network Marketing is about telling people about something, this could be a service and product, the essence is actually to make people know about what you are selling and at the end of the day you get something like a commission for every successful sale, this is one of the most important businesses that people that don't have any employment can do, there are different things that we can sell in a network marketing business, we need to do our research and ensure that people are interested in what we have to sell and we will automatically make lot of money from it.
1. It gives you opportunity to meet people.
2. You can easily build a network.
3. Comes with the advantages of earning more.
4. It is quite profitable.
1. Without registering with money you cannot become a member.
2. It is very difficult to get people to register sometimes.
Network Marketing is one of the best businesses that we can engage with because it comes with different opportunities that we can earn, whenever we are having this opportunity, we recommend that you use it well because it will benefit you in the long term, with this model of business, we can make good money profitable because we can talk to people, I have never liked this business because you would spend so much time telling people about something and at the end of the day they will not be convinced of what you have told them, this could be pretty disappointing.
1. Make it easy to earn something extra for yourself consistently.
2. When you are talented, you can make many people join your network.
1. People are always skeptical.
2. It is not as profitable as we think.
Network marketing business is a model whereby you will need to introduce someone else in order to get some points. Network marketing business is actually very good especially when you are unemployed and you have the ability to convince people easily. In doing network marketing there are many things that are involved before you can even choose a company that you want to market their products you need to ensure that whatever it is that they are selling is going to be required by the general population.
Network marketing companies are everywhere you can sell anything ranging from cosmetics to drugs and to any other thing that is legal. In network marketing initiative works on the basis that more people are recruited into the system or otherwise it is going to crash automatically most of the network marketing businesses are backed by one product or Another.
1. They are a range of products you can have ideas about.
2. You can make some extra cash in the process.
1. If you don't recruit enough people, you won't make money.
2. You must pay registration fee before granted access.
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