Often overlooked, are the additional challenges faced by a network marketer in a developing country. This presentation gives a brief overview of the main problems and offers some useful tips. To be truly effective, network marketers in this circumstance need to truly understand what they are up against.
2. A bottle of multivitamins offered by an MLM company at $50 may simply be too much for
someone in a developing country.
3. Unlike developed nations where credit card payments are common and generally accepted by
most citizens, the majority of a developing nations’ citizens don’t have credit cards.
4. A person in a developed country can go online, make an order and it arrives at their door within
days. This is simply not possible for many developing countries.
5. If the country you are in has a declining exchange rate, this could make the cost of your
products be constantly rising, which is bad for business, especially if your depending on repeat
sales to build your network.
6. various import duties may have to be applied to the cost of the product which will make it more
expensive for your local market.
8. TIP #1
• Do your research on the MLM products
offered by a particular company to ensure that
there is sufficient demand and the product can
be priced competitively. At the end of the day
it comes down to sales.
9. TIP #2
• Rather than using a push strategy where you
are trying to ACTIVELY sell products to people,
try to attract sales to your business (PULL
STRATEGY). Use classified newspaper
advertising, flyers or make a specific location
known for the products for pick up. MAKE
PEOPLE COME TO YOU.
10. TIP #3
• Find out the exchange rate trend in your
country. You may need to consider setting a
higher price for your product to absorb any
rate increases. If there is a decrease in the
rate, you could offer your loyal customers a
discount to keep them coming back.
11. TIP #4
• Research, research, research. Do your
research to ensure that your products can still
remain somewhat competitive in your local
market. Most MLM products are usually quite
exceptional in quality, which you can use to
justify the higher price.
12. TIP #5
• GET ON THE INTERNET: Use social media, start
a blog, join online communities etc. There are
millions of people on the web that would love
your help to get started and join your
business. The limit is the sky…
13. THANK YOU
• If you found this presentation helpful, please
visit www.iriemarketing.me
• This blog aims to help network marketers in
developing countries.
