1. What is Network Marketing?

942 Words2 Pages
bulb-icon

Recommended: Social media as a marketing tool

1. What is Network Marketing?

Network marketing AKA Multi-level marketing (MLM) simply is a marketing strategy based on the concept of multi- level compensating. Simply put, in network marketing the company's sales force is not only compensated for the sales they personally make, but also for sales of other salespeople they recruit. Thus, as you recruit someone you get compensated for their sales and the sales of other people they recruit. As its name implies, network marketing is a way to multiply your gains of other people by working in a network shaped pattern.

The sales people you recruit are called the participant's "Downline". They can provide the participant with many levels of compensation. Network marketing consists of two main parts: selling and recruiting. As we all know the basic function of any trading company is selling. Seeking to perform the selling functions, the participant tries to sell the company's goods or services relying on his own individual efforts. The other technique that the participant must use in order to maximize his profits is recruiting. The participant can recruit whoever he sees qualified to join the program.

For every recruit you bring in you usually get a percentage of his earning, and when they get new recruits, you will receive a percentage of all of the work they do, and with no limit.

2. The viability of promoting your MLM online

The vast majority of network marketing companies realized the importance and viability of promoting their network marketing business online in expanding the business significantly. Online companies can reach exponentially larger audience than ever it could offline. Thus, it is a great way to brand yourself as a leader and expert which will help you ...

... middle of paper ...

...llowers understand the transformation that they can achieve in their lives if they join your business opportunity. Then show them how this huge transformation is completely achievable.

Writing a winning business plan for your online business really defines the direction your business is heading towards. Your business plan and company profile demonstrate your business identity, mission statement, objectives, products and services, and your distributors' detailed compensation plans.

To sum up the first step:

Create company's basic concepts and structure

Establish yourself as a leader in the marketplace by developing policies and concepts that makes you attract more interested and loyal followers.

Write a business plan for your MLM business that identifies your business' identity, concepts, goals, strategies, and products.

Show More
Related

  • Business Plan For Opening A Business

    1095 Words  | 3 Pages

    People all around the world have dreams of opening a business by creating a service, or product that is consumed by customers. Opening a new business requires a lot of hard work, patience, and extensive planning in order to operate a successful and legal business. However, before a person attempts to open a business, they must be sure they are up for the challenge, and they must be guaranteed that they have the right tools, personality, and experience to be a successful entrepreneur. Pick a mentor that owns a business who can give you advice. They can advise you of things you never knew, or things you should be aware of. Having this kind of person can save you a lot of trouble, and encourage you on the way. When opening a business you must have motivated, strong-minded, and goal oriented people that will provide the proper effort, planning, organization, funding, and structure of the entire business. To begin, creating a business plan for your company is essential for the future of your company, and how it intends to create revenue 3-5 years down the line. It is the most important step, and the first step of beginning your business. A business plan is an essential roadmap for business success; it is a formal statement of a set of goals for your business, the reasons they should be completed, and how you plan on reaching those goals for further success. Your business plan should contain an executive summary. An executive summary includes what you want out of your business, where you plan on taking it, and why it will be successful. Also, if you are seeking financing to get a loan, an executive summary is a great way to grab the investor’s interest. It shows the investor your intensions with your business, the structured guidelines...

    Read More

  • AM Marketing Network

    803 Words  | 2 Pages

    I AM Marketing Network is currently a self- sustained company that strives to become a multi governing enterprise that oversees several business entities connected. In the near future the company will have three main heads that govern the direction of the business. These three main heads consist of CEO, CFO, and Creative Chairman. The CEO function consist of an acting officer of the enterprise that makes final decisions on the directions of the company and business partnerships created after consultation with fellow cabinet members. The CFO oversees the financial affairs and acts as an administrator of account budgets and staff structure of the company.

    Read More

  • The Five Practices of Exemplary Leadership

    1631 Words  | 4 Pages

    Enable Others to Act – leaders actively engage individuals and make an effort to generate an ambience of trust and self-esteem.

    Read More

  • Leadership Reflection

    1093 Words  | 3 Pages

    There are two types of people in this world: those who lead and those who follow. A leader is nothing without its followers though, so which type of person really is more important? Nowadays leadership is determined, not by authority, but instead by influence. So in order to take the first step towards becoming a successful leader you need to first appeal to those around you and gain followers. Once you have followers, set a goal for the group, because how effective a leader you are is measured by your ability to achieve these goals.

    Read More

  • Internet Marketing

    813 Words  | 2 Pages

    Being a writer isn’t a complicated task, but being a messageful writer requires lot of experience and inner self-presentation. James Baldwin was a very great writer. He expresses his inner feeling into his writing, which makes him true writer. When ever he wrote something always contain some kind of message. Most of his writing about African American culture where he raised. His writing tells the story of pain. He painted cruel history of black community into his writing. His writing contains lot of pain and anger, which could only describe by his writing. He was a one of the leader who speeches his nation by his writing. After reading his piece of art, which was presented via short stories and many books, I have come to perceive James Baldwin as a legendary writer. Through his short stories, Baldwin expresses the truth about his life. It seems that most of Baldwin's life was spent during times of extreme racism and he was strongly discriminated against due to his racial and ethnic background. Some of his stories were written in the middle of 19th century, a time when American citizens were distinguished by their color. It was a time when black and white people had their own separate worlds in which they were living. It was very hard to break the narrow-minded ways of many racist people. In other words, there was a self-created border between both races. In his stories, "Previous Condition" and "Sonny's Blues," Baldwin has developed characters to fight against racism in attempts to live their lives as they please.

    Read More

  • strategic business plan

    1891 Words  | 4 Pages

    Lars this is how you create a business plan. First you have to set the vision, goals, and objectives of your business. The most important driver for almost any business plan is return on investment (ROI). Commonly, when someone starts to write a business plan for the first time you need to determine what is your objective?

    Read More

  • The Significance of MLM Lead System Pro

    2200 Words  | 5 Pages

    Novice marketers all the way to experienced Internet network marketers are using this method to attract leads. It's not hard for a new and is wide-ranging and perfect to work for very experienced Internet marketers also. Let us know what this MLM Lead System Pro is and who created it. This system is certainly effective because it was created by internet network marketers for network marketers. With the 3 cofounders of this system namely Brian Fanale, Norbert Orlowicz, and Todd Schlomer put this system together not merely to build their own network marketing businesses, but also to help their team to copy their amazing results.

    Read More

  • amway

    998 Words  | 2 Pages

    According to Corbett K. (2013) new figures that have been released by The Direct Selling Association of Ireland (DSAI) show that since the recession there was a significant rise in people who turned to network marketing as a way to earn additional income. Due to this fact, in the future company desires to attract even more unemployed people and get them involved, so they could earn additional income and help their families.

    Read More

  • Leadership: Philosophy And Philosophy Of Leadership Statement

    2289 Words  | 5 Pages

    Leaders are the individuals who help to create options and opportunities. They help in identifying the choices and solve the problems. They build commitment and coalitions. Leaders do this by inspiring others and working along with them to construct the shared vision of the possibilities and commitments of a better group, organization or community. They engage the followers in such a way that most of the followers become leaders in their own right. The variety of demands of an increasingly complex world very often require that leadership be shared by most of the members of an organization, in appropriate ways for different situations. A leader is the on...

    Read More

  • Define Marketing Paper

    1377 Words  | 3 Pages

    Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.

    Read More

  • Essay On Importance Of Business Plan

    768 Words  | 2 Pages

    The next purpose of the Business Plan is to allow the entreprenuer to view and evaluate the proposed businessventure in an objective critical and practical manner .The collpase of many business ventures can be attributed to the decisions and planning of thye entreprenuers who rely more on emotions and gut feeling rather than objective and rational considerations .With a Business Plan the entreprenuer has solid and well-grounded information to supplement the planning and decision making

    Read More

  • Marketing Planning

    1984 Words  | 4 Pages

    A marketing plan helps to focus your company on the vital activity of growing the business. It provides the framework on which to build new

    Read More

  • Case Study: Direct Marketing

    719 Words  | 2 Pages

    The term “direct marketing” excludes the "middle man" from promotion, as a company's message is provided directly to a potential customer. (Investopedia, 2010) Direct marketing is an advertising campaign that aims to gain an action (such as an order, a visit to a store or Web site, or a request for further information) from a group of consumers in response specific communication from a marketer. The communication may take many forms such as mail, telemarketing, direct e-mail marketing, and point-of-sale (POS) interactions. (searchcrm.techtarget.com, 2014).

    Read More

  • Essay About Social Media Marketing

    1027 Words  | 3 Pages

    Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.

    Read More

  • Business Plan for Beauty Products Company

    3000 Words  | 6 Pages

    The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...

    Read More

More about 1. What is Network Marketing?

Open Document