Network Marketing opportunities are abundant in the market and is rapidly catching up with people who used to shun it before. Network Marketing is legal and has high potential to earn you a lifetime of passive income. All you need is perseverance and the belief in the system. More about the traits of the network marketer will be discussed later. Here, the topic of discussion is Network Marketing versus MLM.
Network Marketing is slightly different from MLM (Multi-Level-Marketing), if you ask me. Although MLM and Network Marketing terms are used inter-changeably, there is a little difference between these two structures of business. In terms of tier structure and in terms of earning potential, Network Marketing is a better opportunity. What is the difference between Network Marketing and MLM?
Multi Level Marketing, according to me is a tiered approach where as more and more people join the MLM companies, the more and more the up-lines and initial sponsors earn. This means, it is best if you actually join the first batch or the top tier. Otherwise, you will end up with a lot of effort and little money.
Network Marketing opportunities are slightly different from MLM opportunities. In Network Marketing, you are in charge of your business and your sponsors are like your investors. You only share a percentage of the revenue with your sponsors, just like you do in any normal business. Wouldn’t you pay your shareholders their dues? Wouldn’t you split profits with your partners?
Similarly, in Network Marketing, you share a percentage of your revenue with your sponsors for introducing you to the Network Marketing opportunity and helping your learn the ropes and teaching you how to work the system. It is possible for you to earn more than your sponsor in Network Marketing while in MLM, the lion’s share always stays at the top.
Hence, learn your Network Marketing opportunity well and analyse the payment structure and the commission hierarchy before plunging into the business. Any business which gives you less is not worth pursuing. Any business that gives you more is worth trying.
Monday, February 8, 2010
Sunday, January 31, 2010
Your billion dollar lies in your team. Team building for success how to's
Building a down line is easier than building a team. The essential part of Network Marketing and what determines your success in Network Marketing is the strength of your team. Thereby, you will have to continuously work towards its improvement and strengthening.
First of all, never lose hope and never give up. In this way your team will possess the same strategy. You are leader of your team and every one will look towards you for help. If you lost your hope for any reason, your team will also give up.
There might be some people in your down line that would lose hope at time and will tell you that they are going to quit. Support them in such a time because they would only believe in you as you are their leader. To lend some help to your team members would not do any harm; it would in fact strengthen you as a team, which is the key to success in network marketing business.
Secondly, never lose your confidence. Confidence is a property which opens a lot of doors to success for a person. So, whenever there is a problem for you or your team member regarding networking business, always face it with confidence. As the members of your down line would feel that their leader is confident about solving that particular problem, they will work with more zeal and zest. So, you have to possess leadership qualities to acquire success in this business.
Understand that all these are not blatant talk and you are not spinning a mill around your down lines. If you are genuine, you will ensure that you are an asset to the Networ Marketing company and that you make yourself better in terms of knowledge of the business you are in as well as develop people skills that will help you be a strong leader!
Team work is very important in this Network Marketing business. If you are able to build a strong team, it will be of a lot of help for you in long time run in terms of money and leads as well as relationships.
First of all, never lose hope and never give up. In this way your team will possess the same strategy. You are leader of your team and every one will look towards you for help. If you lost your hope for any reason, your team will also give up.
There might be some people in your down line that would lose hope at time and will tell you that they are going to quit. Support them in such a time because they would only believe in you as you are their leader. To lend some help to your team members would not do any harm; it would in fact strengthen you as a team, which is the key to success in network marketing business.
Secondly, never lose your confidence. Confidence is a property which opens a lot of doors to success for a person. So, whenever there is a problem for you or your team member regarding networking business, always face it with confidence. As the members of your down line would feel that their leader is confident about solving that particular problem, they will work with more zeal and zest. So, you have to possess leadership qualities to acquire success in this business.
Understand that all these are not blatant talk and you are not spinning a mill around your down lines. If you are genuine, you will ensure that you are an asset to the Networ Marketing company and that you make yourself better in terms of knowledge of the business you are in as well as develop people skills that will help you be a strong leader!
Team work is very important in this Network Marketing business. If you are able to build a strong team, it will be of a lot of help for you in long time run in terms of money and leads as well as relationships.
