Basic MLM/Network Marketing FAQ’s - Helping You Get Started
If you’re thinking about getting into the MLM/Network Marketing world, you might be asking..” What choices do I have for developing leveraged, residual income? Here are some of the most frequently asked questions about Network Marketing.
How does Network Marketing work?
It is all about leverage. Under this concept you build a network of independent distributors (your organization). In addition to the money you earn selling products yourself, you also earn a small percentage on the products everyone in your personal organization sells. Those who are most successful learn to train and develop leaders.
What are the benefits of Network Marketing?
There are no big capital investments, no geographic restrictions, little or no risk, no employees, no special education or skills needed. In fact, if you are coachable, you will have access to training by the top leaders at no cost to you.
Does Network Marketing work? Absolutely! It is a serious business for serious people. A company with excellent leaders has developed a proven system of success and those people that follow that system are successful.
What questions should I ask before joining a Network Marketing company?
• Is there a genuine need for the product or service?
• Does the product satisfy the needs of a huge, expanding market?
• Are the products or services unique? Can they compete?
• Is there outstanding marketing direction and support from the company?
• Has the company been around for at least five years, are they financially rock solid and are they committed to the success of their distributors?
• Is the person introducing you to the opportunity committed to your success?
• How long does it take to make money?
• Does it sound like fun to you?
How can I tell a legitimate network or multi-level marketing company from an illegal pyramid scheme?
If participants are paid primarily from recruiting new people and cash is required with no exchange of products or services, it may be a pyramid scheme, which is illegal in most countries.
What does it take to succeed in Network Marketing?
• You have to really believe in your product or service!
• You have to like communicating and meeting all kinds of people.
• You have to be self-motivated and have a desire for independence.
• You have to deal with rejection in an impersonal way.
• You have to be coachable and willing to learn new skills.
• You have to persevere while you grow your business.
Make sure you ask yourself these questions and do research to make the best informed choice in which company you want to be a part of.
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