The power of Personal Recommendation, or Referral Marketing, as it is also known, can be illustrated in this way. If a friend or colleague told you how he?d got a discount or saved money when recently purchasing a product or service, or he?d received great value and service at a particular store or restaurant, then you may be tempted to purchase that product or service or visit that establishment. This is because you trust your friend?s judgement, whereas you may not believe the promises made in advertisements promoting that same product or service.
What is Network Marketing?
Network Marketing is a form of Direct Selling where self-employed Independent Distributors or Consultants promote and sell a product or service direct to the end user on behalf of the Company supplying that product or service. In addition, as a Distributor, you can build a team by introducing others to the business who, in turn, can sell that product or service. You earn a commission each time you make a sale, but also earn additional income from the sales of those people you have introduced to the business. Compensation plans vary greatly between Network Marketing companies, but it?s possible to build up a worthwhile income over time, much of which could be passive. It is also an ideal home based business.
Just for the record, Network Marketing is not ?pyramid selling?, which is an illegal system where no real product or service is sold and which is based purely on earning commission by recruiting new people and charging them a registration fee. Neither is it a ?get-rich-quick? scheme as, with any legitimate business, it takes time to build up a dedicated following of customers who come to know and trust you.
Work from home
If you?ve ever wondered how to make money working from home, Network Marketing is an ideal business model, even if you?re only looking for some extra money while still working your full-time job. With the economy the way it is today, working from home makes more sense than acquiring a second job in order to make ends meet. And that?s if you can find one It can be a very rewarding yet challenging career opportunity with great income potential, and is one of the best ways to make money at home because of the low start-up costs and the fact that no previous experience is necessary.
If you work from home, you can start immediately with none of the traditional business overheads to worry about. You can dispense with commuting time, and choose your working hours to suit yourself, your family and your customers. Working from home gives you great flexibility and enables you to maintain a healthy work-life balance.
Is Network Marketing for you?
Every year, thousands of people leave established careers to pursue opportunities in Network Marketing. This is because your age, gender, financial situation, employment status, education and experience do not stand in the way of your success. But I do believe you have to be a certain type of person to succeed in this business.
It is, basically, a people business so you have to be comfortable interacting with others, have good people skills and enjoy teamwork. However, you must also have the self-discipline to work from home on your own, and the perseverance to build your business steadily. You should set goals, be well organized and be able to plan your week ahead, so that you have a clear direction as to where you?re taking your business.
Although you?re in business for yourself, you are not in business by yourself. If you spent time choosing a Network Marketing company to work with, and you have a good Sponsor who introduced you to the business, you should receive all the help, training and support you need to grow your business. It?s vital that you understand and believe in the product or service you are selling, and you?re comfortable and confident in presenting it to others.
You will earn an income just by selling the product or service, but the real money comes when you start building a team. You become successful by helping others to succeed, and the rewards can ultimately be greater and you can achieve more success than working in a traditional job.
When done correctly, Network Marketing is one of the most enjoyable and rewarding businesses to be in, and it?s one of the most powerful business solutions available to anyone who wants to work from home and achieve financial freedom. But remember, do your research thoroughly when choosing a Network Marketing opportunity, as it could change your life
If you're ready to start your own Direct Selling business, why not check out the Lyoness Business Opportunity.
Howard Mostyn is a Premium Member with Lyoness UK helping people to save money on all their regular shopping including Food, Fuel, Clothing, Housewares, Holidays & Travel. Get money back with every purchase with the Lyoness Cashback Card, and earn an additional income by helping others do the same with the Lyoness Business Opportunity. Find out more at http://top-cashback.net.
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