Work From Home : 3 Best Characteristics of Network Marketing Opportunity
Network Marketing is one of the fastest growing industry, yet it is one of the most misinterpreted business where over 100 billion value of products are being distributed and through its unique concept marketed. Despite the fact that individuals are still worried about legitimatize of the industry, having little understanding, we are still seeing that products and services are being designed through this marketing system, enabling millions of individuals worldwide to earn from regular income.
# 1. Difference between Network Marketing and Pyramid System:
There is a distinct difference between the concepts of Network Marketing also known as Multi-Level Marketing and the illegal pyramid system which is more out to destroy people then to enable them to earn an income. In most cases the pyramid scheme business there is only one person who is gaining and that is the person at the top. Their profits are at the expense or backbone of the people below them. They are not interested in seeing successful teams.
Most people are comfortable with not knowing the difference between the two, and therefore miss out their golden chances of making their dreams come true. It is better to find out exactly what is the difference, instead of relying on hearsay from people who have had their terrible experiences most likely because they entered into the industry without obtaining sufficient information.
# 2. What Is Network Marketing?
What is Network Marketing and why is it considered as a legitimate type of business? The simple explanation is based on the marketing system which is the procedure by which goods and solutions are moved from the producer to the customers. Network are the group of people who will be shifting these goods and solutions through to the people who are looking for them. The only difference here is that no advertising is necessary as marketing of the items or services will be done specifically by word of mouth – through referral.
Here is where we are seeing network marketers who have decided to embrace the industry are getting paid for referring products and services to their customers and prospects. We are constantly referring people to the best doctors, schools, certain products that helped solved our problems, and the difference then was that you do not receive payments for offering this very important service. In Network Marketing you are offering people solutions on which is the best product or service, how to use it, where to obtain it and being paid for this very vital service that you are rendering.
# 3. How to identify a legitimate network marketing business:
The difference between Network Marketing or MLM and the Pyramid system is that Network Marketing are moving products and providing services, whereas the pyramid system does not instead they do not provide valid services or products.
What makes network marketing business legitimate work from home type of business is YOU. The beauty here is that you are in the business yourself, but not by yourself! You are the business because you are in it, and you are building real teams moving products and services to bigger circles and reaching wider range of potential customers through the built network.
Network marketing enable you also to purchase the products at wholesale price or cheaper price and to sell them at a marked up retail price and make your profit. You do not have to sell at retail only to earn an income, you have the opportunity to earn bonuses from sales coming from your team as well.
The other part of network marketing concept is the sponsoring and mentoring part which makes it legitimate as we are dealing with people who are also interested in achieving their goals and dreams using this industry. You have to be committed to sponsoring and teaching people in your team in order to be successful. If you are not empowering your team to duplicate your successful methods, then you will not be building your business. It is important that you acknowledge that if the members of your team are not aware how best to reach and expand their business, then it will not be possible for you to increase your sales.
What is the bottom line then?
So what is the bottom line of Network Marketing? Network Marketing is a legitimate business enabling people to work from home because it involves connecting with other people, mentoring and training them, supporting each other when times are tough and most important enjoying together the fruits of the labour or hard work that was put in each and everybody’s business.
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