The key success in this business is finding ur \'WHY\'.Why do u want to do NM?what is the purpose?What is ur dream?.What do u really want out of life?.What do u want to achieve?When the \'WHY\' is strong enough,it will take care of the \'HOW\'. All u have to do is apply this simple but powerful concept of TTP,Take the product,talk to people,and teach the pppl to take the product.
NM can give u almost everything u want in life. all u need to do is to be sincere,serious and committed to the business. keep it simple and duplicate and multiply by practising TTP.........
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Network Marketing
1. Well we all know what is going around today due to the current situation of the
market, however on the other hand there is one industry which is really growing and
Its making the most of the current situation and I am sure its not wise not to know
about it
I have really taken time and studied about this industry and would like you to go this
amazing article which tells you the basics about it and infact I have attached some
good links from the greats of the world who are talking about it and talking loud
Think why they are talking about it and what’s there in it for all of us
I am sure we all are here for greener pastures and this really makes sense to me
Once you go through it and are interested to know more, I would be more than happy
to share, meet and discuss how we can do it take this amazing opportunity further
I do understand the article attached is a bit lengthier; however it is one of the best too
Thank you for your time in advance
Best regards
Parveen sayeed
Spend few minutes to read....
http://www.youtube.com/watch?v=HQM8rQzw7kY ROBERT KIYOSAKI
http://www.youtube.com/watch?v=X_eGbfTPbGY PRESIDENT BILL CLINTON
What Is Network Marketing?
Why is "network marketing" considered the preferred approach to building a
business? Because it's the smart way to build a business. It's what we call "working
smarter rather than working harder".
J. Paul Getty, the oil magnet, once said, "I would rather have 1% of the efforts of 100
people than 100% of one person." Getty is saying he prefers to teach one person and
let that person teach one person and so on . . . something we call "DUPLICATION"
resulting in exponential business growth, which creates exponential growth and
income potential.
You see, there are two equalizers for all of us . . . death and time. Each of us has only
24 hours in a day . . . no matter who or what we are . . . therefore the business-minded
entrepreneur knows how to leverage time!
Instead of business-building results being based on one person's efforts over a period
of 24 hours, it becomes possible to have numerous people working for you during that
same 24 hour period. What's exciting is these people are working for themselves as
well.
Multi-Level Marketing, through a networking process, gives us the hope of building a
huge business empire through a process of duplication, resulting in considerable
incomes for the participants. That is the MLM part of The Great American Dream . . .
A Business For Everyone.
How do I feel about Multi-Level/Network Marketing? I love it! I love the concept! I
love what it can do! MLM can give a person hope! It can motivate a person to do
2. things they thought they could never do! MLM can cause many sleepless nights
because of one's own excitement. MLM creates a special bonding among other
networkers! MLM allows us the hope of The Great American Dream . . . Owning
your own business!
Why Network Marketing?
There are two major reasons why network marketing has become a much more
viable distribution method in recent years -- and, therefore, an excellent
business opportunity.
First, the consumer market has become too difficult to reach. People have VCRs with
remote control, and there are hundreds of cable channels, so many people do not
watch commercials anymore. Traditional mass marketing methods are quickly losing
their effectiveness.
However, people do listen to and believe the people they know. The success of books,
movies and restaurants are largely determined by this word of mouth advertising.
Network marketing companies rely on this powerful concept to efficiently market
quality products to millions of their consumers.
Second, advances in information technology have helped to make network marketing
efficient and dependable. Voice mail, fax machines, electronic mail, the world wide
web, video tapes, satellite links, and conference calls have also made communication
between large distributor forces within a company rather simple and effective.
Ironically, some of the same technologies that have allowed traditional business to cut
millions of jobs also makes possible an innovative marketing concept that is offering
hope and opportunity to people from all walks of life. Network marketing uses this
technology to support people, rather than replace them.
What is MLM?
MLM is an efficient method of distributing a product or service to the end consumer.
It is not a business itself. It is a WAY of doing business. It is a marketing method, and
each person who markets the products or services is a representative (distributor) of
that company, NOT an employee. In other words, it is his or her own business. A
distributor does not work FOR the company, but works WITH the company!
MLM is the most powerful and effective marketing system in the world!! It is
done via word-of-mouth recommendations. A distributor will recommend a
product or service to another individual, then that person buys the product or service
and recommends it to others, and so on. This marketing method allows a distributor to
recruit other distributors, and then they do the same, and so on. This allows you to
acquire an organization of distributors. They are now in your "downline". You could
end up with a large "downline" organization all buying and marketing products for the
company you choose. You will receive a commission check from the sales of those
distributors, and they, in turn, will also receive a commission check from the sales
within their own "downline" organization. It is a perfect way for people to own their
own home-based business, as the industry is growing very rapidly! It presents you
with a tremendous opportunity that is very exciting!!
Benefits of a Traditional Business Without the Headaches
Traditionally, 80% of the cost of getting a product or service to the end consumer is
marketing and distribution. The traditional way went through many sources --
manufacturer to distributor to wholesaler to sales to retail and then to the end
consumer. MLM companies eliminate wholesalers, high cost of advertising, having
employees, AND they deliver product or service to the end consumer. This greatly
3. reduces the expense of getting the product or service sold. Increased profits are shared
with the distributors.
With MLM you can now have the benefits of a traditional business, but without
the headaches. It is easy to get started and does not require a major investment.
Receive a second paycheck without ever quitting your job. Some training is required,
but it is less than running a fast-food chain. There are no special skills required and
most MLM businesses are very duplicatable. You now have an income opportunity
with very low risk AND can have a very high potential return.
Why is an MLM form of distribution so attractive as a business?
• You have NO employees. You don't have to pay a dime of social security,
health care benefits, unemployment -- NOTHING. If one of the distributors in
your downline slips and falls, you don't get a workmans comp claim.
• You can receive a second paycheck without quitting your present job.
• You have the use of sophisticated technology provided by the company, yet
you have no major overhead to pay month after month.
• A new distributor can come in, turn the key, drive right off, and be in business
[a TURNKEY operation].
• You can have a duplicatable business system that Karen can pass on to Tom,
who can give it to Cindy, and so on.
• MLM enables individuals just like yourself to create an income opportunity of
their own with very low risk and very high potential for returns!
In most companies you get paid a salary for working a certain amount of hours.
Although your job may give you a guaranteed income if you are salaried, what it
really is doing is putting a limit on your time and how much you can make.
Remember, your employer is making money off you based on what he is paying you
for your time. Your employer has already figured out the "leverage of time" thing, but
YOU are limited to what you can earn. That's not true in MLM. There are no limits
except what you make yourself.
In MLM you have the opportunity to earn a residual income. That's what attracts a lot
of people to this business. Your income doesn't depend on you working a certain
amount of hours. It depends on you helping and teaching others to duplicate what
you're doing. It's really just that simple!
If you're motivated and willing to put in the time, effort and persistence needed to
achieve your financial goals, MLM provides the opportunity and the vehicle to
achieve those goals. Your growth and your rewards in this industry are limited only
by your dreams, desires and commitment . . . it's up to you!! Your success depends
upon how much support and help you provide for other people. The more you help
people achieve everything they want -- the better the rewards! I always say, "if you
help others achieve their goals and dreams, you automatically will achieve
yours."
A representative of an MLM company, with a little consistent effort and by following
a few basic principles, over the course of a year or two can earn a decent second
income on a part-time basis. Perhaps you want extra spending money, a new car, pay
your mortgage off quicker . . . or you can go all out and achieve complete financial
independence. Our "free enterprise" system allows you to be the best you can ever
be . . . and lets you help others be the best they'd like to be. It's really truly amazing!
Can you imagine the feeling you'll receive knowing you've helped so many people
achieve what they've wanted. Incredible!!
4. What Can MLM Offer You?
MLM provides a fantastic opportunity for you! The beauty of MLM is given to all of
us equally. What we do with that opportunity makes the difference! We can earn a
little, or we can work hard for the first year or two and earn a very decent income. The
choice is yours!! You choose whom you want to work with and what the hours or
days should be. You choose whether you work from home, an office or while
traveling. You choose if you want to work person-to-person, use mailers, use the
phone or work with small or large groups of people, and now you can choose to build
your business with the help of the Internet. This is your business and every aspect of
your business is up to you -- it's your choice!
Some key ingredients in this industry are to be enthusiastic, positive and involved!
Once you understand the unlimited potential of MLM, you'll begin to discover your
dreams and desires. Perhaps you haven't allowed yourself to consider these dreams.
No matter how small or large your dream is, if you really believe in it and are willing
to put forth consistent effort, you can and will succeed! And if you have a passion for
your chosen business, it will happen faster than what you might imagine! As said by
Walt Disney, "All our dreams can come true IF we have the courage to pursue them."
The Concept of Duplication
MLM is based on the concept of duplication. Once you join an MLM company you
personally use or distribute the MLM company's products. You also recruit other
distributors. They are then placed in your downline sales organization. In turn they
use or distribute products, plus they recruit other Distributors. In other words, they
duplicate you. You can recruit and sponsor as many people as you like.
An MLM company will pay you a commission check on the sales made by anyone
you refer or recruit, and it can be many levels deep. You are paid commissions on the
sales volume of your downline organization, and depending on how hard you work,
you could have a lot of people in your downline. Remember, even though you are
getting paid commissions based on the sale of product in your organization, you are
really getting paid for TRAINING your downline . . . and it is these two points that
separate MLM from a pyramid scheme or money game. You receive a commission
check that is based on a compensation plan. This plan should motivate a
representative to use and retail the product or service, recruit other individuals into the
business and should also make them want to train and help their downline
organizations grow.
MLMers do not work FOR the company; they work WITH the company. The
business relationship is a tangible and dynamic partnership where the company
provides the products and packaging, research and development, capitalization,
financial management, legal and regulatory compliance, data processing,
administration, order taking, purchasing and production, quality control, product
satisfaction guarantees, warehousing, shipping, creation and production of marketing
materials, field and leadership training, incentive programs, etc.
Give us Some Examples!
Just imagine you're working in a large department store, and many of your customers
like the product so much they become sales persons for the product you are selling.
Not only that, you get a percentage of what they sell wherever they go after leaving
the store! In a traditional business organization that would never happen. In MLM,
that is exactly what takes place!
5. If you are like most people, when you like something, you tell others. How many
times have you told people about a movie you really liked? Maybe you told 10 people
about it, and those 10 people each told 10 people about it, and those 100 people each
told another 10 people about it.
That's 1110 people who went to see that movie because of your referral!
Wouldn't it be nice if the movie theater paid you a percentage for each person you
were responsible for referring? Here again, in traditional business, this will never
happen. Yet that is exactly what takes place in an MLM!
YOUR Downline
In MLM, the first 10 people you told about the movie would be your first level. The
100 people (10 who told 10) would be your second level. The 1,000 people (100 who
told 10) would be your third level. If that movie theater were an MLM, you would be
receiving residual income from those movie tickets right now!
In network marketing, the independent marketer is usually called a distributor. The
people they refer to the company (the ones they personally sign up or sponsor) are
called their downline. By referring people to the company, distributors are entitled to
receive commissions on SALES THEIR ORGANIZATION OF DISTRIBUTORS
make.
In the examples shown above, those customers leaving the store would be sponsored
as distributors by you and would be placed in your downline. You would be earning
commissions on all the sales they make, in the store and anywhere else they sell.
Likewise, all those people going to the movie would be sponsored by you, or by
someone you sponsored, and be placed in your downline. You would be earning
commissions on those movie tickets purchased by those you personally told about the
movie, and residual income in the form of commissions from those ticket sales from
referrals of your sales organization. WOW!! This is FUN!
The power in network marketing is in the duplication process -- geometric
progression can be really astounding. This incredible multiplying effect can build a
group of hundreds or thousands of distributors, each one earning commissions from
not only their efforts, but also the efforts of hundreds or thousands of distributors in
their Downline.
If you were to sponsor just 1 new distributor into your organization each month, and
taught them to do the same, let's see how many people you would have in your
organization after one year:
Month 1:
You sponsor 1 distributor -- 1 in your sales organization
Month 2:
You and your 1 each sponsor 1 new distributor --
2 new distributors + 1 already sponsored = 3 distributors in your organization
Month 3:
You and your 3 each sponsor 1 new distributor --
4 new distributors + 3 already sponsored = 7 in your organization
Month 4:
You and your 7 each sponsor 1 new distributor --
8 new distributors + 7 already sponsored = 15 in your organization
6. Month 5:
You and your 15 each sponsor 1 new distributor --
16 new distributors + 15 already sponsored = 31 in your organization
Month 6:
You and your 31 each sponsor 1 new distributor --
32 new distributors + 31 already sponsored = 63 in your organization
64 isn't very impressive is it? Now, watch what happens:
Month 7:
You and your 63 each sponsor 1 new distributor --
64 new distributors + 63 already sponsored = 127 in your organization
Month 8:
You and your 127 each sponsor 1 new distributor --
128 new distributors + 127 already sponsored = 255 in your organization
Month 9:
You and your 255 each sponsor 1 new distributor --
256 new distributors + 255 already sponsored = 511 in your organization
Month 10:
You and your 511 each sponsor 1 new distributor --
512 new distributors + 511 already sponsored = 1,023 in your organization
Month 11:
You and your 1023 each sponsor 1 new distributor --
1,024 new distributors + 1,023 already sponsored = 2,047 in your organization
Month 12:
You and your 2047 each sponsor 1 new distributor --
2,048 new distributors + 2,047 already sponsored = 4,095 people!
And how many of those 4,095 people did you personally sponsor? Just 12! That's
Geometric Progression, and that is how network marketing is designed to work!
I'M NOT A SALESMAN!
In the past, network marketing tended to work best for aggressive, sales oriented
entrepreneurs. Today's technology offers the non-sales type person a realistic promise
of financial freedom. Through new systems and technology the average man or
woman --- not just the super salespeople --- can enjoy the fruits of entrepreneurship
while avoiding many of its hardships.
Let the System do the Work!
No longer does the distributor need to carry extensive inventory and knock on doors
to sell a lot of product each month to qualify for commissions. Instead, the best MLM
companies are automating the process and handling the actual inventory and
individual orders inhouse, and they drop ship to YOUR CUSTOMERS. The best
companies provide a toll-free number for customers and distributors, who order direct
from the home office. The Company takes the order, collects the payment, ships the
products, and credits the distributor for the sale. The home office then sends a
commission check to the distributor.
Training and Support are EASY Online
This new technology makes marketing online so easy. We don't have to worry about
getting that product to a new distributor who lives clear across the country. And we
don't need to worry about getting that new distributor to training or the prospect to a
business opportunity meeting.
Training is often through nationwide conference calls. These same nationwide calls
are a popular way to introduce new people to the business opportunity. Three-way a
prospect onto one of the calls where leaders in the company are able to give a
7. presentation for you. No one has to get dressed up and leave their home to travel to a
meeting -- just pick up the phone and tie into the company's system. How
DUPLICATABLE!
Someone who doesn't have strong communication skills, strong selling skills, or
strong management skills, can still do very well with a home MLM business. Just use
the marketing tools your company has put together to help you succeed.
Strength in Numbers and Residual Income
Author W. Clement Stone once wrote that the best sort of money to use in a business
endeavor is -- Other People's Money. But Network Marketing goes two steps beyond
that. We use OPT - (Other People's Time, Talent and Technique) and OPE (Other
People's Energy, Education and Enthusiasm). In short, we use People Power. Other
people are our greatest resource in network marketing.
Leveraging your Time
Success in network marketing does not require exceptional sales skill or extensive
personal contacts. You can earn income 24 hours a day by leveraging your time. You
do this by duplicating a simple success formula that your company and upline have
developed.
There is a lot of power in the MLM business, and leverage is only one aspect. In any
other profession you're paid only for your own efforts. The trick is to do what J. Paul
Getty talked about when he said he would rather make one percent of 100 people's
efforts than 100% of his own. Building an MLM organization enables each of us to do
just that. You can create a business which will continue to generate residual income
for the rest of your life.
Once you have built a successful MLM home business, the personal freedom is
astounding. You can live wherever you want to live. You can work at home and make
your own hours. Your residual income keeps flowing in, even if you take a couple of
weeks off.
Network Marketing gives you more free time, and certainly gives you time flexibility.
You can put other things first, when you have to, and your business will still function.
The concept of Time-Leveraging is one of the most exciting aspects of this business.
It allows you to generate income not only from your own efforts, but also through the
efforts of others in your organization. Even if you can only work a few hours a week
to get your business started, you could receive a second paycheck without quitting
your job. Aside from being rewarded for your own efforts, you earn income from the
time spent by others you sponsor and train.
If you personally don't have a lot of time, leverage YOUR time by training and
supporting others who DO have that extra time and are part of your sales
organization. As they build their sales organization with YOUR HELP, they are also
building YOUR ORGANIZATION!
Helping Others
Zig Ziglar said, "I believe that you can get anything in life you want if you will just
help enough other people get what they want." Network Marketing is a fun business.
It's the only business in the world I know of where you can go out and help people get
what they want . . . and also change their lives for the better . . . and in the process, get
all that you've ever dreamed of.
The saying goes, "It's lonely at the top". That's only true when you have to step on
other people to get there. If you reach the top by helping others, it won't be lonely
since you'll have so many of your associates with you.
Want Success in Network Marketing?
8. Here it is!
1. Bond to the products!
2. Bond to the company!
3. Bond to your upline!
The rest will fall into place because you did those three things.