Are you looking for an online business that allows you to build valuable relationships while also earning a hefty income that can possibly free you from the confines of the 9 to 5? If so, you’ve come to the right place. Network marketing is an innovative business system that typically involves selling a product or service, but that’s not where the bulk of your income comes from. While you are busy selling those products and services, you are also going to focus on building a team. Those team members will also sell the product or service in question and you, as the recruiter, will earn a commission on every sale your team makes. Your team will also recruit and those recruits will sell the product or service and the commissions will trickle upwards. At the end of the day, if you play your cards right, you will have a pyramid effect where you reside at the top raking in the commissions of all the teams underneath you. It’s not an easy venture nor is it for the faint of heart, but if you are a go getter and you have confidence in your abilities, then Internet based network marketing may be for you.
What Is Network Marketing
You may have heard Internet based network marketing called another name, such as multi-level marketing or MLM. These are all terms to explain the same basic concept: Selling, recruiting and building relationships for the sole purpose of achieving financial freedom. First, you need an opportunity. You can either create your own business or you can join a business that has already been created. Once you have an opportunity, your job is to promote that opportunity to others in the hopes of them joining your team.
It’s All About The Opportunity
Even though most network marketing ventures sell a product or service, that element is never the primary focus of the network marketer’s pitch when that person is recruiting others. It’s all about the opportunity, which means that, if you are promoting an Internet based network marketing business, you should be telling your future recruits that they can potentially quit their day jobs and make more money than they ever have before, as long as they have what it takes. First, you need to find recruits to join your business.
The Website – Your Home Base
Your website will be the home operation of your network marketing venture. You will offer the product or service on your website where you can send your customers to buy, but your website will also advertise the Internet based network marketing opportunity where others can sign up to join. Make it easy to join, but not too easy. You only want people who are serious about succeeding. If you blanket recruit and take anyone that wants in, you’ll quickly end up with a bunch of recruits that aren’t that serious and they’ll end up quitting; and there is nothing more frustrating than building a network marketing team only to have them quit at the last minute.
The lesson is to vet your recruits when they ask you, “What is network marketing?” so that you know they are serious about what they’re about to get into.
Build Hype With A Blog
Your blog is where you should hype up the opportunity and all that you’ve gained from joining. Some people like to boast about their teams and their accomplishments and some like to show off all the cars, homes and other prizes they’ve purchased with their Internet based network marketing success. Your blog should make the opportunity sound enticing so that everyone who reads it wants to join your team.
Don’t Forget The Free Online Training
Your website should also include free tools and training for your recruits to help them succeed. Tutorials and instructional videos are recommended so that your team always has what it needs to sell and recruit ad infinitum. That’s how the money is made in Internet based network marketing businesses.
Social Media Is Your Friend
Use Twitter, Facebook, YouTube and other social networks to build hype and grow your team. Use the search capabilities of those networks to find others who may be asking, “What is network marketing,” and get involved with the conversations. Answer questions, alleviate concerns and become social with your team and with potential recruits. If you can master that, you’ll never have trouble building and succeeding at network marketing.
Email Marketing Keeps Your Leads On The Hook
You never want your team, potential recruits or your network marketing customers to feel as though you’ve abandoned them. Send out regular emails offering tips, advice and help, especially when your team is having trouble. Overcoming rejection is a big obstacle in network marketing success and network marketers often see a lot of rejection before they succeed. As long as your emails resonate with your team and potential recruits, you’ll have done your job as a team leader effectively.
There are many Internet based network marketing opportunities out there, but only a select few are worthy of your time. Research them heavily, find reviews from others who have succeeded and only choose the one that seems viable. Once you find the opportunity that resonates with you, push forward and don’t stop selling and recruiting until you’ve reached your ultimate network marketing goals.