If you want to have your own business, this can be a good option. With few resources and with patience you can build a extensive network of distributorshave a good income and work less and less.
The thing is, there are a lot of scammers who say that network marketing makes you rich overnight. Something that is impossible (unless, of course, you win the lottery or receive a millionaire inheritance).
But then why do it? This business model is ideal for people who want to leave a job they don’t like and where they don’t have the possibility to earn more. In other words, it is faster to increase income through network marketing than through career plans.
Do you find it interesting? Then read this post to understand what Network Marketing is, who it is ideal for and how to start doing it.
What is Network Marketing or Multilevel Marketing?
Before continuing the conversation, you need to understand exactly what network marketing is.
In short, it is a direct sales model for the final customer without the intermediation of stores or markets. You sell the product direct from the factory and receive a commission.
To understand better, look at the difference between Network Marketing and traditional marketing:
In this model, the manufacturer sells the product to a distributor, who in turn sells it to a store that, finally, sells it to the final consumer. This sales model generates costs for advertising, employees, logistics, equipment and infrastructure, space rental and many others.
Here, the manufacturer sells directly to a distributor who is the one who sells the product to the final consumer. In addition to making the product cheaper, this model makes it possible to expand the business network and reduce sales costs.
What are the advantages of Multilevel?
Multilevel Marketing is a job that brings many benefits such as:
- you have control over your own work schedule;
- you progressively increase your income, since profits are proportional to sales;
- no boss and no stressful work environments;
- you generate passive income in the recruitment of people (distributors);
- more time with your family;
- better life quality.
Who is Network Marketing recommended for?
As we said, it is an excellent modality for those who want to start their own business. But can anyone do it? The answer is no! Because not all people have the profile to be in this modality or are not yet prepared for that moment, because they nurture unrealizable expectations.
Below we will show you a list of the most important characteristics of people who have a profile for Network Marketing:
- people dissatisfied with work and want new perspectives in their career;
- they have time to devote to the products and to building the network of customers and independent distributors;
- they identify with the products they will have to sell;
- they want a life with more freedom and to be able to manage their schedules;
- they want to promote well-being, both their own and that of the people around them.
Finally, it is very important to understand that Network Marketing is not recommended for unemployed people.
The construction of a network of assets takes between 3 to 5 years. Therefore, the ideal is to have a formal job when you start working in this model and gradually increase your network.
Just think about leaving your job if the earnings exceed your salary.
How to do Network Marketing?
The multilevel is a simple business and low investment. However, to achieve the objectives, it is necessary to perform a series of actions.
We have listed some practices to help you in this task. Read them below:
For everything in life you have to plan. Whether to get married, buy a house, have children… And, how could it be otherwise, it is also very important for network marketing.
Start only with a company that is serious, reliable and with products that you identify with. Also see if the people who are part of your social circle identify with him.
Other important tips:
- build relationships before making sales;
- plan your sales by type of product;
- study the business model and the market of the segment of the company you chose;
- make a daily to-do list.
Have big long-term profit goals. This type of business requires effort for network building.
In the long term, the earnings can exceed the salary and, also, generate passive earnings.
2. Choose good companies
It is important to start slowly and preferably with one company only. And, to know if it is reliable, you need to check some basic requirements:
- meet the directors;
- check if the company provides training;
- see if it offers an action plan and recommendations for good practices;
- Verify reviews of products made by consumers.
3. Create good partnerships
Partnerships are the key to success and big profits for Network Marketing. With it you expand the number of clients and benefits at the same time that you become known.
And even more: over time you will be able to achieve not only active gains, but also passive ones. This is possible when you start to have your own network of distributors.
For example: if you make 6 sales a day with the commission of US$100.00, at the end of the day you will have invoiced US$600.00.
However, if you have a team of 10 distributors making the same sales, and you have a $60.00 commission per sale, you will also have a total of $600.00 in commission with very little effort.
Everyone wins in that equation.
4. Advertise on different channels
Today, digital media enable a high power of disclosure. No need to rely on word of mouth or traditional media: use Facebook, Instagram and blogs. Build and strengthen your relationships through social networks, as they are an important channel for acquiring new customers.
As we saw, Network Marketing is not a hoax. Quite the contrary: it can be a great way to earn money and do what you love. It is a way of undertaking that, if done with common sense and in the right way, can generate many benefits.
If you liked this post, read also: How to be a good salesperson: 15 tips that will help you achieve your goals every month!