The Million Dollar Question
What is Network Marketing? Many people ask this question, and the truth is, many get a different answer as well. So Let me explain what Network Marketing is all about, and most importantly, if you can benefit from it.
What Is Network Marketing?
Think of Network Marketing like a franchise. You see many fast food chains all over the interstates and cities, and each store has a different owner. Each location of Burger King, or McDonalds, more than likely has a different owner of that location than the next store in the next city. Same way with a Network Marketing company. You own a piece of this company, that will pay you based on the volume of products that your business sold.
You will also build other stores in Network Marketing. This is where some say “It’s a pyramid” or “It’s a scam”. Truth is, if the company pays what was agreed on, for what was sold, then it wouldn’t be a scam. If a company holds back what you have rightfully earned, then it is a scam. Of course any company that would withhold their distributors checks, never last long. So if you are looking into a Network Marketing company that has been around for years and already distributes millions of dollars in volume, you can rest assure they are not a scam.
The reasons for building other businesses, or recruiting others to help sell, is to increase volume. If a Network Marketing company did not pay me for introducing someone else to the opportunity, I would never tell anyone. If I did, I would be creating my own competition. So it is important they share a percentage of sales from those you refer, in order to keep the company alive.
However, there are many more benefits to a Network Marketing business than there is owning a franchise like Subway or Taco Bell. With these traditional style businesses, the overhead cost and startup costs are out of the range for most people. In Network Marketing, the startup and overhead cost is less than their car payment.
Can I Benefit From Network Marketing
Anyone can benefit from a Network Marketing opportunity, but that doesn’t mean YOU should jump into one. It takes a certain type of person to make Network Marketing successful.
If you are a negative minded person, or you seem to focus your attention on what is wrong with things vs what is good about things, then it may not be a good choice for you. Just like a traditional business, Network Marketing takes work, and a lot of work that may take more time than some are willing to invest in order to begin earning big profits.
If you see it as worth it by what you make an hour in your first few months, you more than likely will be disappointed. This is the mindset of an employee, not a business owner. The reason so many people work in Network Marketing is because they see that in the long term effect, they will be more successful than they ever would be if they spent their life working for someone else. This is why it takes a motivated person, with a good attitude and professional mind.
If you like to run businesses, then Network Marketing will be a good choice for you. Or if you want to start a business for the first time, then Network Marketing would be the least risky way. More advantages of Network Marketing is you can earn more than you could in most traditional businesses, without employees, high overhead costs like rent, and can build it from your home if you wish.
How To Tell Which Of These Answers Is Right
Like I mentioned in the beginning of this article, you may hear different answer when asking “What is Network Marketing?” So there are usually the answer of “It doesn’t work” which you hear from those who are not involved in it or tried it once before, or you hear “It is a wise choice” by those who are making a lot of profit from it.
You should look at the person themselves to decide. Does the person saying it doesn’t work, seem to be a negative person? Is this person successful? What results in life has this person got?
Then when you see a person who says “It is a wise choice” ask the same questions about that person. Is this person successful? Do they seem to enjoy working in Network Marketing?
There are many people who do not make millions in Network Marketing, however they do earn profits, and are satisfied. So if you have a smaller goal in mind, you may be more able to reach it. It is much easier to earn an extra $1,000 a month, than it is to build a business that pays $1,000 a day. You decide.
Do I Need To Be At The Top Or The First In?
The myth that you must be one of the first in to make it work, is way beyond wrong. You do not have to be the first few to join a company in Network Marketing to become successful. As a matter of fact, many people in the start never become successful at all.
The pay plans are setup so that you have to achieve results to make money. So you can be the 100,000 person join the company, and still make more than the person who joined 1st. In the minds of some people, they see a pyramid and assume that the top gets all the money. But, in most Network Marketing companies, you must build 2 teams and base pay from the 2 combined.
If you look into almost every Network Marketing company, you will see some of the most successful and highest earning reps, were not the first to join, or even close to it. So you should never let that myth effect your decision on which company you choose to become a part of.
Did This Help?
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