You may have heard the term "Network Marketing" but
aren't quite sure what it is. Network Marketing is
also referred to as MLM or Multi-Level Marketing or, you
also might have heard the term "Party Plan Company".
All of these terms essentially describe the same kind of
business; a business that allows you to sell their products
from your home or through home parties while earning a
commission off of your sales. Additionally, you can
earn extra income with your network marketing company by
bringing other people into your company and signing them up
to be on your team. This means that you will also
earn a residual income from any sales they might make.
How to Get Started in Network
Marketing
Usually a person is introduced to a network marketing
company by attending a home party. You may have been
invited to a friends or a neighbors home in order to view
and possibly purchase some of the products from the
individual involved in the company.
Typically they'll talk to you about the product and have
some samples available for you to look at, touch, smell and
use (if possible). You'll receive a catalog which has
all of their products available as well as an order form to
purchase any of the products you happened to like.
Additionally, you'll also be presented the opportunity
to join the business yourself. Most often the
representative of the company will give you an overview of
the cost of the products, how much you sell them for, what
percentage of income you could expect to receive as well as
other "perks" that the company offers such as trips and
award ceremonies.
It's easy to get caught up in the excitement while the
representative is giving their talk - you have the products
in front of you, if you've decided to purchase a product
then they know you already like the products they offered
and the income potential can look mighty enticing -
especially if you're struggling financially as it is.
Just remember, there are a few pointers you need to
consider before putting your hard-earned cash into a
network marketing company. You can see what
these are here.
But you don't have to wait for someone you know to have
a party before you become involved in a network marketing
company, you can also check out our listing of network
marketing companies here at ConnectingWAHMs.com.
Although network marketing companies are sometimes
mistakenly referred to as "pyramid schemes" it's important
that you know that MLM companies are completely legal and
legitimate businesses.
Network Marketing Company or
Pyramid?
No one wants to be taken advantage of, and as such,
there are many individuals who steer clear of a network
marketing company simply because they're afraid they'll get
taken by a pyramid scheme. Here's how to spot the
difference between a legitimate company and a pyramid
scheme:
Commissions are based on
the number of distributors recruited;
Most of the products that
are sold are sold to distributors and not the
general public;
The products may be
lackluster; they may make promises that sound too
good to be true;
You are pressured to sell a
certain amount each month and recruit a certain
number of new representatives during a specific
time-frame.
There are many legitimate network marketing companies
available and some have been around for many, many
years. The important thing is that you do your
research. Check out our list of dos and don'ts when
considering a network marketing business first.
Whatever you do, don't be pressured into joining a
network marketing company...make good decisions for
yourself.
See Also...
Dani
Johnson - Avoiding Failure in Network Marketing
