Episode 1: What Everybody Ought To Know About Network Marketing. The Simplest and Most Accurate Explanation!
What is Network Marketing and How Does It Work?
This is a way for companies to market their products and services simply by using average people to spread the word get paid for it every sale that is generated as a result of that. Of course the industry has evolved over time and has started gaining a lot of attention in recent times. Simply because it can be a very beneficial industry to be involved in.
It is the only industry that has produced more millionaires since it begun about 60 years ago than any other industry in the history on our worlds economy. So its not a knew concept at all.
It is as simple as that! You refer people to a product or service and you get paid for doing so once your referrals have purchased a product.
How Does It Work?
It works simly by referral. It also works by allowing the reps to build their own teams within the company and get paid bonuses on their teams’ effort but you MUST be registered as a rep. This is when the company sells you the right to promote their products/service the gives you the tools necesary to do so. Most companies will give you a state of the art website to start marketing.
How Do You Make Money With Network Marketing?
This is where a lot of people get confused about how network marketing really works. Every company that uses network marketing as a way of building has their own way of compensating (aka compensation plan) their members (aka reps).
However in a nutshell this is how all network marketing companies pay their reps. The first way is by direct bonuses – This is where you get compensated based on your effort for acquiring more customers by your own efforts.
Team Bonus – You get compensated based on the efforts of you and your team members. This is what makes network marketing very powerful. You make profit off of the efforts of other people and they do the same and so on. Regardles on the structure each company uses it is essentially what it is.
Note: i used the word compensate instead of pay. Although most network marketing companies would pay you in monetory terms they may also pay you “kind” too. Most companies would add a car and a house as part of your benefits.
How to Get into Network Marketing Business?
Since network marketing is by referral only, you would need to be referred by a rep involved in a particular company
If you are asking yourself this very question about “what is network marketing” then you must have been exposed to a company one way or another. Or perhaps you overheard it in a conversation so you decided to check it out. Good news is that you landed on the right post to get your question answered. At the end of this post i will invite you to partner with me. Feel free to learn more about what we do by sending a message or getting in touch in my details.
Full Video on what is network marketing business
Download this free what is network marketing pdf for your records.
P.S: Click Here for Your Personal Invitation To Partner With Me On A New Concept That Is Getting a Lot Of Attention Lately