Archive for category Network Marketing

What The Heck Does Monopoly Have To Do With Network Marketing?

Imagine discovering that you were playing your favorite game by the wrong set of rules all your life. Here I was, playing my all time favorite game, Monopoly. And for some strange reason I decided to stop and read the directions.

Usually, I give out 1500 bucks to every person participating, and then place 500 big ones in the middle of the board to start off the free parking space pile. What’s more, is throughout the entire game all the money collected by the banker is placed on the free parking space too. So as you can imagine over time there is a mound of cash waiting for anyone who lands on the free parking space.

Well you’ll never guess what I discovered. As stated by the official Monopoly rules: Free Parking; A player landing on this place does not receive any money, property or reward of any kind. This is just a “free” resting-place.

You could imagine how surprised I was by this. For longer than I care to remember I just played along to a set of rules that I never thought to stop and question. This is the exact same feeling that came over me when I dug deeper in to network marketing.

For instance, people today are stuck on the dream that they can build a down line to China in network marketing. Network Marketing is not like it used to be 30 years ago when there were only a handful of companies like Amway, Mary Kay and a few others.

With today’s technology, it doesn’t take any more than 50 bucks worth of computer software to come up with an affiliate program. That’s right! There are a bunch of Joe Smoes out there cranking out new network marketing companies and affiliate programs that are sleeker, sexier, and promise boatloads more cash. This is why people are jumping out of moving cars to join other companies.

What about the idea of buying leads at 3 to 10 dollars a pop. More times than not you’re doing nothing but wasting your time talking to deadbeats who are broke-minded, negative, and down right nasty. You know, the kind of people you DON’T want in your organization.

Think about the heavy hitters in this industry: Joe Schroeder, Dennis Karganilla, Corey Whidbee, or Gregory “Big Brother” Drake. When was the last time they gave you a call to join their organization or joint venture deal? That would be like HBO, AOL, Rachael Ray, or Oprah giving you a call to buy their product.

You know why they don’t call you? Because, when you have people calling you for the 411 on your products they are way more qualified than someone you call. That’s just a known fact.

Or what about the idea of going through your own black book to build your downline. Pitch to your neighbor, pastor, family, the dog, or whatever poor soul is in a 3-foot radius of you. The idea is that you will get 3 who will get 3 who will get 3 and so forth.

You want to know why this will rarely work? It’s actually psychological.

When you pitch the idea to, let’s say, Bob, off the street to make an extra $2000 to $5000 a month it won’t register to him. A person’s internal world is 2 times bigger than what exist in the external world.

What does this mean? See Bob works a typical 9-5, grossing 35K a year after taxes. To Bob, internally, he is only worth 35K a year. So when you approach Bob with those figures he will automatically reject it because his self-worth is lower.

This is why the average MLMer is spinning his/her wheels buying leads, handing out magazines, or hosting in-home meetings. Do these things work? Sure. But it’s a hit or miss.

Wallace Wattles, author of The Science of Getting Rich, states that if you can do certain things in a certain way you will get rich with mathematical precision. There is a certain way to get rich in network marketing and it’s by being on the supply side. People who are offering systems, media, training, and leads are making the serious dough.

Take a step back and look at your business structure. Are you doing things in a certain way? Well, now that you know the rules, and it’s your decision on how you will keep playing.

Corey Whidbee is a professional network marketer who specializes in teaching others how to be successful with network marketing. Find out how to align your business on the supply side.

Lead Multi Level Marketing Strategies

When you are dealing with lead multi level marketing strategies, you know that there are several main issues that you want to look carefully at in order to ensure that you are able to get the most out of your money and out of your situations.

First of all you have to be aware that while most of them are going to be legit, there are going to be a few that you might see that are actually part of scams or other issues that might cause you friction or other problems. This is going to be a major problem and a concern for you, and the only way that you have to protect yourself is to do your own research.

In order to find the types of lead multi level marketing strategies that are going to be good for you and that aren’t going to lead you to have problems, you have to first be sure that you are doing your research. You want to research two main components. First of all, you have to look at the company that is putting it on. This should be your first place that you look. You want to see if the company itself is legit or if you can see any issues that might have come up already with the company.

This is going to be your number one place where you can find the most information regarding what you want to be doing with your lead multi level marketing strategies. Secondly, you are going to want to be sure that you are looking at the actual marketing strategies themselves.

You want to read all of the information that you have been given on them, and you want to be sure that you are able to define exactly what it is that the lead multi level marketing strategies stands for and how it plans on making the right kind of money. It is very important that you are researching both the company and the idea that they are trying to promote.

Next, after you have done your research and you have found that it might be a good idea for you after all, you want to focus on the other things that you can do to make sure that it is going to work well for you. This might include taking the time to look at your own finances and to see what kinds of money you can afford to invest. You want to be sure that you are taking a good look at these factors and that you are using them to help yourself make a good decision.

If you are doing all of these thing before you invest in lead multi level marketing strategies you will find that you are going to be much better off and that you are going to be able to make the most out of your money and out of the situations where you want to look into these issues.

Nick Angeli is a professional internet marketer who specializes in teaching others how to be successful with internet marketing. If you want to get in touch with Nick or learn more about network marketing success please visit: MyHomeBizLife.com

What You Should Be Looking For In A Network Marketing Business

Network Marketing is also known as Multi-level marketing often the short form of MLM. If you are considering joining the many who are involved in network marketing then this information is for you.

There are particular things that you should be paying attention to within a network marketing business that will make the difference between going on ahead with a successful business and simply joining something and going no-where. So you may have been warned that most network marketing businesses actually fail, I am sorry to say this is indeed true. This is true because many folk interested in network marketing do not do things the right way. Be one who does get it right and be one of the very successful individual who realizes their dreams.

You should be able to begin your career in network marketing at very little cost. It is not necessary to be paying large sign up fees and frontloading that amounts to thousands of dollars, you should in fact avoid offers where massive amounts of money are required from you to start with. No, you do not need to “buy your way to the top”. If you are being asked to purchase large expensive inventories keep shopping, this is not the real deal.

Do not fall for the incredible claim that it is possible to make money without selling a thing. It is possible that you may have people placed under you without you having to do anything only if the people above you are working extremely hard and your compensation plan is a forced matrix or power leg binary. This is referred to as a spillover, but certainly you will never make any real money this way. If you happen to join expecting this possibility you are setting yourself up for disappointment.

Be sure that the company you are considering actually has a product or service; there is no such thing as a business opportunity with potential if it is nothing but an opportunity.

It is absolutely recommended that you do your homework on your intended company thoroughly. You must do a search for complaints and scam warning. Make certain the company’s history checks out with everything they have told you and there is absolutely no unusual activity or discrepancies.

The backbone of any network marketing company rests in the areas of sales and distribution; we are most familiar with direct sales. It is from the product the company carries that a sales person makes a commission or percentage of sales. the salesperson may also be paid via an hourly or salary package, some will be paid per lead or contact but at the end of the day there will be a sales quota that needs to be met. This is traditional selling.

Network marketing however is much better for companies and distributors. Certainly you are still moving a product but you are also looking for someone else to sell this product also, you are effectively building a team, you will get paid for your sales and a percentage of the sales of those who you have encouraged to join you. This is why it is called multi-level marketing.

When the people who have come to join you, do the same as you and encourage others to join them you are moving higher up the ladder and enjoying percentages of sales from all those under you, at the same time those directly under you are making a percentage of the sales made by those who they have encouraged to join them. You begin to make money with little effort spent. The payment plans are referred to as binary, breakaway, matrix, stair-step and finally the gold is called unilevel.

The unilevel payment plan has absolutely no limit to the number of people who may be selling under them; these people are often referred to as downlines. You commissions are also quite high but not from a percentage point of view, this is in sheer volumes. These earnings are sometimes called leveraged because you are benefiting from the work of those under you. This is when real wealth begins to happen.

Network marketing is all about referral, a nice gentle soft sell is sufficient; hard sells are not so effective or desirable for success. You simply make a recommendation and ask others to do the same. Passion sells, if you are passionate about your product this will spill over to others. Promotional materials are typically provided such as letters and brochures, web sites and DVD’s. These materials should be persuasive with many testimonials.

The company’s product must be desirable, it is best if this product is unique and manufactured by the company itself. If you want to be going the distance the product must be able withstand the duration and attract returning sales, ideally a regular consumer base.

Network marketing is about building a residual income that should continue to come in, you are not looking for a quick here today gone tomorrow sale. Be sure that the company is debt free and have a reliability of over 5 years.

Having discovered all of these things four warm market, ie family and friends are best avoided, these are not business contacts, take your business seriously and look for people who are interested in your business, product or service.

MLM genealogy lists are available for network marketing. These are a list of people who are interested in network marketing or who have been involved in it. Generally these lists are not particularly expensive and well worth a look at for potential contacts if you have a product and company that you would recommend to them.

Discover Kevin Sinclair’s system for making profits regardless of whether anyone joins your network marketing business.