I want to write this article about 3 ‘network marketing secrets’ quite simply because the industry is such a peculiar one to understand when you start out.
The truth of the matter is, we are all in a distribution model similar to franchising. You purchase a franchise for little money (mainly due to there being no real estate to worry about), and you have a distribution mechanism for product that you sell. To a certain extent, you could consider yourself an affiliate, you get paid for sending people to your company to purchase stuff.
Simple enough right, no network marketing secrets just yet eh?
The kicker to the industry is that you can also get more commissions by selling franchise licences to other people, and earn off the commissions that they make too.
That’s usually as far as people get when they try to understand MLM.
I don’t think that looking at the industry in terms of the simple mechanics of it really does it justice. You soon begin to realise that MLM is a very different organism to what you see from the outside.
Network Marketing Secrets – No.1
Ofcourse, the biggest of the network marketing secrets, which everyone really needs to understand, is that MLM is not a pyramid scheme (I wasn’t sure if I was going to put this one in, because if you are in MLM, you have heard all about this until you are blue in the face). Network marketing can be considered the same as any other business, as there is a legitimate supply chain. You sell products to regular customers in the same way as any other (self employed) sales representative might. I think people get confused and think that the only income source is through recruiting.. If that were the case then you might have a problem. But, sponsoring and recruiting are a bonus to the sales mechanism (but often pushed to the front)
Network Marketing Secrets – No.2
When it comes to recruiting, the product is an extra. When someone is looking for a business opportunity, they are obviously looking to make money. I think that people get confused, when sponsoring, thinking that they need to make the prospect lust after the product, making it more likely for him/her to want to sell it for profit. But the straight truth of the matter is, his/her problem is that he/she wants to make money, which is a problem that you can fix. As Mike Dillard said ‘People don’t by a drill cos they want a drill, they buy a drill cos they want a hole. Your prospect wants to make money… Ya get me?
Network Marketing Secrets – No.3
It turns out that the business is far more than just a job like role. Due to you being totally resposible for your performance and results, you will need to work on yourself, build yourself up into someone who can lead their downline (don’t worry, it is unlikely to need to happen overnight). As a network marketer you are an entrepreneur, so you will need to educate yourself in how to grow your business and also break through certain things, within yourself, that are holding you back. You could be pushed to look at the industry as the personal quest for perfection, always trying to better oneself each and everyday. Remember, you are the engine room of your business!
If you are looking to start in network marketing, take a look at the perspective that my 3 network marketing secrets are coming from and see if that fits with you. You will be beginning a quest for time and financial freedom, only attainable by pushing yourself out of your comfort zone and learning and growing your knowledge in all areas of entrepreneurship. Basically, doing something a million times more exciting than a 9-5 lol
Vive la Resistance!
Benny
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