The traditional way of marketing products is to move them from a
manufacturer through a network of middlemen. National Wholesalers,
regional wholesalers, Cash & Carry warehouses, retailers, - the
'middlemen' - all add their 'valueless' percentage to the price
of the product.
By the time the product or service reaches you, the end user, you're
not only paying for the product, but a percentage of the price for
each and every middleman in the network. In network marketing there
are no middlemen. Instead of paying them, a network marketing company
will pay you for whatever amount of product you cause to be 'moved'.
As a sole individual operating alone, the amount of product or service
provision you could 'move' from your own efforts, would be relatively
small. In network marketing however, the amount you 'caused' to be moved
indirectly could be HUGE.
Here then is the essence of a network marketing compensation plan. For not
only will you be compensated for the product or service provision you
personally cause to be moved from your own direct efforts, you will also
receive indirect compensation for the product or service provision that
your 'organisation' 'causes' to be moved.
Tuesday, January 19, 2010
YOUR 'ORGANISATION'
To be successful in network marketing you will need to build an 'organisation'.
That is to say you will need to 'share' the benefits of both the products/service
provision and the business opportunity with others. In network marketing this
is referred to as your 'downline'.
The 'serious' money to be had in network marketing is to be had from what is
termed as 'over-ride' commissions from the 'movement' of product or service
provision from the 'downline' your 'sponsor' will help you to build.
(In network marketing it is the responsibility of your introducing 'sponsor'
to help you build your 'downline'.)
All you need to do initially to build a 'downline' is to 'share' with others
the information about the products or service provision and the business
opportunity on offer.
Theoretically, if after 'sharing' the information with others and you
subsequently attracted just five SERIOUS individuals who decided to
join you in your network marketing business - for illustration purposes
only - your 'downline' could equate to the following after five levels
of geometric growth:
That is to say you will need to 'share' the benefits of both the products/service
provision and the business opportunity with others. In network marketing this
is referred to as your 'downline'.
The 'serious' money to be had in network marketing is to be had from what is
termed as 'over-ride' commissions from the 'movement' of product or service
provision from the 'downline' your 'sponsor' will help you to build.
(In network marketing it is the responsibility of your introducing 'sponsor'
to help you build your 'downline'.)
All you need to do initially to build a 'downline' is to 'share' with others
the information about the products or service provision and the business
opportunity on offer.
Theoretically, if after 'sharing' the information with others and you
subsequently attracted just five SERIOUS individuals who decided to
join you in your network marketing business - for illustration purposes
only - your 'downline' could equate to the following after five levels
of geometric growth:
Networking in a Nutshell
Networking is a powerful tool and an integral part of business and professional development. Some people are natural networkers, although many of us find ourselves avoiding events because we don't know how to take advantage of them.
It's not all hard work. With the right method it can be an enjoyable and rewarding experience. Here are some ideas which you can use to help you get the most out of your network.
What is networking?
As described in the Collins dictionary, a network is an interconnected group or system. Therefore networking is the process of using a network or interconnected group to your advantage.
It's not all hard work. With the right method it can be an enjoyable and rewarding experience. Here are some ideas which you can use to help you get the most out of your network.
What is networking?
As described in the Collins dictionary, a network is an interconnected group or system. Therefore networking is the process of using a network or interconnected group to your advantage.
