AFFILIATE MARKETING OR NETWORK MARKETING… WHICH ONE DO I CHOOSE? PART 4
Here’s Part 4…
Enter At Your Own Risk, LOL!
So last time, we kinda got off on a tangent talking about some of the beliefs or should I say wrong beliefs as it relates to the networking marketing industry.
Now, let take a look at what network marketing is and what it takes to be successful.
What exactly is network marketing?
According to a definition from about.com, “network marketing is a business model that relies on a network of distributors to grow a business”. There are three basic strategies used to make money:
- Generating leads… deals with finding people who are interested in what you have to offer.
- Sponsoring/recruiting… this deals with adding both customers and business partners.
- Team Building… deals with training, motivating and managing your team.
Here’s what it takes to be successful in network marketing…
Sure, we’d all lot to sit around doing our favorite activities like hanging out on the beach while we call our own shots, right?
That’s a dream come true! And it came happen but first, in order to be really successful you are going to have to keep some things in mind when looking for that perfect business opportunity like…
How long has the company been in business? What you are looking for here is stability.
What type of products do they offer? Is it something that others will want to buy. Basically, you are looking for supply and demand.
Next, you will want to look at the company pay plan. Is this something that can be profitable for you? And, are others actually making money? If so, what percentage of folks are making money?
This one is just as equally important as all of those I’ve mentioned before. Systems, support and training… do they have all of these in place? Systems are what is going to help drive your business and you definitely need to have training and support in place so that get up to speed quickly.
Finally, don’t quit your job. This is not a jump in and I’m going to be rich the next day kind of thing. This takes a massive amount of time and effort for most. So don’t be fooled. You can be successful, but don’t quit your job until you are consistently bringing in a steady stream of income.
A couple of final notes, which I almost forgot. Be sure that you are willing to listen to the leaders in your company and apply what is being taught. A lot of people simply learn the material, but they don’t apply it. You have to APPLY IT!
Also, be present for your team. There are where you were and need to learn to get to the point you are. Be there for them. Your job is not only to bring people in but to get your team up and running as well so that they too can be successful.
Until next time,
P.S. Would love to hear your comments