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What is Network
Marketing?
Network Marketing represents a business model in which people create a network with other people to sell a company’s goods. It usually does not have any education, age, or location bar. Indian Network Marketing company form a pyramid-like sales structure that provides commission-based income and your income increases as you move up the tier forming a larger network of salespersons/company representatives below you.
There are two primary goals of Network Marketing:
1. To create a large network of people willing to sell the products.
2. To boost the sales of the company.
Influencing people is the top-rated skill required to excel in Network Marketing. The best thing about Network Marketing is that it provides you the flexibility to work from anywhere and anytime. Therefore, although you are working in a 9 to 5 job, you can easily enroll yourself in Network Marketing to earn some extra money.
How do Network
Marketing works?
Network Marketing (MLM business) involves selling through a network of people. In simple terms, you can earn by direct selling of the product as well as introducing and enrolling more people to sell the products. For instance, you enroll two people as sales-person and they enroll 4 more individuals. Now, you will be paid a commission from all the sales executed by these 6 people. You can understand Network Marketing (MLM business) as a tier system and as you move up the tier, you will receive more commission as your income.
Network Marketing utilizes the sales skill of its network to earn revenue and provide income to all its members. Therefore, if you have sales skills and know people who have sales skills, you can earn hefty by your sales and the sales executed by the people below your tier that you have enrolled in the network.
Factors to keep in mind before selecting a Network Marketing company
There are numerous Network Marketing companies (MLM Business). And choosing the most suitable networking marketing company for you can be tricky. Therefore, here’s a quick checklist that you must keep in mind while choosing a networking marketing company.
1. Company’s Reputation and Capitalization: Research deeply about the company, its capitalization, and the reputation of its products in the market. It is better to invest your time and effort in a company that has already existed for at least 5 years than a relatively new company.
2. Nature of Products: You must check out the reviews and nature of the products that you are supposed to sell for that company. If you have zero knowledge about the products and find it hard to understand the use of those products, you cannot make a sale.
3. Market and Competition: You must research deeply on the market trends and competition level before signing up for a company. This will provide you a reality check about your role in that company.
4. Income and Experience: There must be some people working for the company. You must enquire about their experience and research well about the income structure.
5. Your Commitment: It is essential to decide whether you are looking at Network Marketing as a full-time or part-time job. You must ask yourself if you are ready to hustle for making a better income through Network Marketing.
Now that you understand the fundamentals of Network Marketing, you must take a look at which is the top Network Marketing company.