Monday, May 10, 2010

What Is Network Marketing?

J. Paul Getty, one of the richest men in the world said it best: “I would rather make 1% on the efforts of 100 people than 100% on my own efforts.”

Network marketing is a proven system, used in over 150 countries, to supply products or services. Network Marketing uses a variety of organizational methods, the matrix being one of the most money making. A matrix is simply rows of affiliates one row under the other, with one person at the top of his or her own matrix and each row containing a fixed number of people. The number of people in each row is dependent on the program. There can be as few as two and as many as the program designer chooses. Matrices can be limited in depth to a few rows or can expand to infinity. Some programs allow the matrix to expand horizontally as well as vertically.


A STRONG BASE

To be successful at network marketing you have to understand two things… the profits can be huge and you need to build a strong base of affiliates to reap those profits. Building this base requires time and effort at first, but once it is built the money flow to you is amazing. So, the first thing you need to do is put together your team by sponsoring people who will buy the program’s product. Team building means using the internet as well as making personal contacts. Many successful network marketers never meet their affiliates because they are located in other states, provinces, or countries.

BENEFITS

One of the big benefits of network marketing is that there is usually no big financial investment. The better companies do not require you to buy product inventory or marketing tools, such as DVDs, and they do not demand you fill quotas each month. So, you can get started on a shoestring and work at your own pace.

NO SELLING

The best network marketing companies require no selling. They provide a useful product(s), good commissions, bonuses, valuable marketing tools and other support. If the people who run the program have been in business for 15 years or longer, you know that they are doing the right thing.

EVERYTHING YOU NEED TO SUCCEED

The type of education or skills you have, or lack, will not hinder your success, since the best companies give you everything you need including template letters and advertising banners.

ADVANTAGES

Having your own network marketing business means you can be home-based, have the freedom to create your own schedule, benefit from low to no overhead, qualify for some tax advantages, and earn good money.

All you need is a computer with an internet connection and the desire to succeed.

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