Multi-level marketing is basically a business model that delivers products or/and services through the power of other people. Most people who are part of an MLM company have home based businesses so there is no outlay for an office. However, just like any other business, you do need a certain amount of office supplies and have some kind of system for finances.
In order to be able to share your product or service with other people, the company usually has training videos and products that can be downloaded and, you should have a sponsor
(the person who signed you up to become part of the company) who is able to help you to build your
own team. A good sponsor or as is sometimes called, your up-line, doesn’t see you as just a number, but as a person worth investing their time, energy and expertise in.
MLM products cannot be found in normal retail stores. They are unique to the company that offers them, which also makes it easier when people want to either become customers
or join as a partner.
How can you make sure the company you choose has good values and products? A good network marketing company will want you to succeed and the sponsor you sign up under will help you to reach the financial goals you have set.
When looking for a good network marketing company, begin by understanding everything about the specific products or services they offer to retail customers and wholesale distribution team members.
When you are doing your research it’s a good idea to know what kind of product or service you would be passionate about sharing with others.
Check the information a company provides very carefully. They should proudly list what they are offering and their information should not be filled with hype about getting rich quick or retiring in 30 days. These outlandish promises are a good warning about the company. Listen to your instincts.
Look for a company that is proud of their sales record. A good company will want to get the word out about their business and will be very open to any questions you have.
Always check out how much money you have to outlay to become part of the company you choose and be sure that their product/service is something that you are proud to share.
People who decide to become involved in network marketing either sign up as a regular customer or they become a distributor/partner so they can make money. Some people want to work part time and earn just an extra $200-500 a month and some people want to really build it as a full time business and make thousands.
Often times, people who have retired will work a multi-level marketing business part-time so they have an additional income. Also people who are tired of working for someone else, would love to stop working hours for money and would like to be their own boss and they can build it as big as they want. There is no ceiling in network marketing.
If you choose the right company for yourself, meaning a product or service you can be proud to share and you get focused, you can create a very lucrative income and it will give you financial security.
However, It does take work, commitment and dedication to building this as a business before it becomes profitable. Whatever profession you go into, there are no easy rides.
As for what you can earn! It’s really not possible to give you a number because ‘how much you earn’ will be based on your efforts to generate income in your business. Many people make huge amounts of money because they focus on building the business others don’t because it’s not their priority.
Initially to build a team in a network marketing company it takes focused work and not being afraid to call or talk to people about the product or service you are offering. Having an existing network of people is always a plus however today with social media you can build a network from that too. It then takes some nurturing and motivating your team so they build their income while you are building yours.
For example, let’s say Jill joins a company that offers a really great product. She then starts earning a percentage on what she sells. Her financial outlook starts to look better.
She has a neighbor, Carol who sees how well Jill is doing. She wants to be a part of it too. So Jill signs up Carol and becomes her sponsor/upline. She teaches Carol how to be successful with the business. Because of Carol, Jill is now earning money as well and receives a percentage of what Carol sells. This is called commission.
Now Carol shares her success story with her friends and acquaintances. Some of them sign up. Now Carol is earning a commission on these people’s sales and Jill is making commission on what Carol sells and the people under her too.
As each level grows each member begins earning too. And the more levels you build beneath you, the more you earn.
The income potential in MLM businesses is basically unlimited. Everything depends on how you decide to work the business. You don’t have to build a team. If you just want a small amount of extra income you can share it with people who want to become regular customers and you get a small percentage of each sale. If you want a larger income to create financial freedom you will initially have to work more hours but as your team builds and gets bigger the hours will get less and you will still have a decent income.
Not only will you be creating financial freedom for yourself, you will be helping other people to create financial freedom too.
As we come up to the holidays, if you want some additional income, this is a very good time to check out this or other MLM companies.
If anything is not clear and you have any questions at all about network marketing please text me at 747-248-8227 or you can email me at Hazel@YourStairwayToWealth.com.
Robert Kiyosaki said, “Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income generating asset and acquire great wealth.”
Bill Gate, Robert Kiyosaki and Brian Tracy among others have said said, “if they were starting over today, they would start with a network marketing company. They see multi-level marketing becoming one of the most respected business methods in the world.”
If you are interested in hearing how you can make money with your smart phone by sharing an App that people love to use, text me at 747-248-8227 to set a time to chat with me.
best selling author
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