Understanding,the,Concept,Netw DIY Understanding the Concept of Network Marketing:
Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and
Networking marketing is the latest buzz inthe marketing arena. You might have come across many people talking aboutnetwork marketing and how it has helped them earn great money. If you feeltempted to get in to networking marketing business listening to the peoplesstories and want to earn some quick money, you must understand the concept ofnetworking marketing. What is network marketing?Network marketing is a relatively newbusiness model that is based on marketing/distributing companyproducts/services through a network of independent contractors. Networkmarketing is also popularly referred as Multi level Marketing (MLM), tieredmarketing or Affiliate Marketing. Simplyput, in network marketing, the company utilizes independent representatives toreach potential customers that the company would not reach through conventionaloffline or online marketing methods.To accomplish the companys sales, thecompany recruits individuals i.e. their sales force. This sales force is thegroup network marketers. Network marketing business model functionsin a similar fashion as franchising business. As a matter of fact, several bigNetwork marketing companies refer to their business plans as PrivateFranchising. In network marketing all the individual representatives areIndependent business owners (IBO), who market the companys product/services tocustomers of their own. One of the prime reasons that has madenetwork marketing so appealing is that the business allows Independent businessowners to not only sell the products or services to retail customers but alsoallow them to expand their business by recruiting others in their business. Thisrecruitment of people in your network marketing business is referred to asSponsoring. Sponsoring other people in the business allows IBO to gainadditional income from their business. Independent business owners not onlyearn from their direct sales to customers but they also gain a part of otherprofits as well from the sales of the people they sponsor. How is network marketing beneficial forcompany?Why do networking marketing companiesdont use Internet or other marketing methods to promote their products andrecruit IBO to do the same? The answer is quite simple; the networkingcompanies use the IBO network (friends, family members) to promote theirproducts on a wide scale. The companies need not spend huge sum for advertisingon Internet, Print and Broadcasting mediums. Instead they use the people topromote their products which is a much cheaper source. Also, research have suggested thatword-of-mouth marketing is a powerful and effective marketing method, especiallyif the word comes from the person whom you know and trust. Besides, marketingthrough word-of-mouth add a personal touch to marketing. The success of network marketing dependson the marketers ability and skills to influence people to subscribe toproducts you are promoting. It is essential to identify the people who would beinterested in buying the products/services you are promoting.Today, network marketing companies offerwide array of products/service for marketing including Nutritional Products,Weight loss programs, solar power equipment, fitness products, water filtrationsystems and many other items. NetworkMarketing is a huge business. It is here to stay and it has tremendous growthprospects. Now that you are aware of the concept of network marketing, devise amarketing strategy and get started with attraction marketing and earn attractiveprofits. Formore information on attraction marketing, please visit my blog at http://www.annettapowellonline.com. See you there! Yours Sincerely,Annetta PowellYour Professional Success Coach
Understanding,the,Concept,Netw