What Is Network Marketing and Is It For Me?

what is network marketing and is it for meSo just what is Network Marketing you may be asking, and is it for me?

With the tough economic climate that we are all experiencing right now, you may well be looking at ways to earn an extra income from home or online and may have come across Network Marketing, MLM (multi level marketing) or the direct sales industry.  But what is the truth and just what is Network Marketing?

Essentially the Network Marketing and MLM industry is a business distribution model where independent distributors are paid not only on the sale of a product or service that they retail, but also paid a percentage of the sales from anyone in their downline (i.e people who join the business directly underneath them).  There will almost always be bonuses and different levels to work towards for additional incentives and financial gain and the income generated from this sort of business model can lead to a residual income (kind of like a royalty style income normally associated with authors or song writers) i.e you put in the effort now to coach and train someone and you can be rewarded for the rest of your life.

Often mistaken for illegal Pyramid schemes which evolved around the 1950s, Network Marketing is actually a very ethical and sustainable method of marketing when done correctly, let me explain why.

What is Network marketing?

Robert Kiyosaki describes Network Marketing as “The Business of the 21st Century!”

When done correctly, Network Marketing is one of the most powerful and successful distribution models in the world today.   Why?  Because it is built upon personal recommendation and generating strong social and business relationships through support and training.

How does this compare to having a Job?

Let’s say you are working in the corporate sector and you are enthusiastic and work hard to gain your promotions.  Eventually you will get stuck reporting to someone who is happy in their role and is happy to manage you as an enthusiastic and hard worker, but where do you go from there?  You are stuck with a capped income and in a role with no further chance of promotion.

You may also suffer from being stifled from further training and development incase your boss feels his position is under threat.  So what do you do?  Leave and find another job?  Set up your own rival business?  Either way, the situation is not ideal for the company you have left behind.  The better they train you, the more likely they are training their future business competition.

What is Network Marketing business model going to help with?

In the Network Marketing model if you “sponsor” someone in to your business , they still have their own business and the better you coach and train them to success, the more they will earn which means the more you will be rewarded too!  Now doesn’t that sound better?

The income that you can earn from Network Marketing can turn into a residual income as your sponsored representatives then sponsor their own reps and so on.  The income is also uncapped and has therefore generated more millionaires through this model of business than in any other business sector.

In tomorrow’s post I will be covering how Network Marketing compares to Direct Sales opportunities but for my full (completely free no optin required report)  on “What is network Marketing?” and other options for earning an income on the internet, read the full report here:

“What is Network Marketing” – Don’t Join Until You Read This!

what is network marketing

 

 

 

 

Email: Nicky@NickyPriceMarketing.com
Skype: NickyVitality
YouTube: https://www.youtube.com/user/MLMDiamond
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12 Comments on What Is Network Marketing and Is It For Me?

  1. April Marie Tucker
    December 12, 2011 at 5:44 pm (5 years ago)

    This is great Nicky! One thing that really sticks out in my mind about Network Marketing is that it is the fairest way to earn. Often times a women earns less than a man in the corporate world and in Network Marketing everyone has the same income opportunity. I really like this about Network Marketing! I also love the fact that if leveraged effectively it enables a person to create more time which means freedom :) I appreciate you sharing this because I know many that have a mis-perception of our industry! I am sharing now!!
    April Marie Tucker recently posted..How to UNLEASH your Inner Alpha ~ Tonight!My Profile

  2. Nicky
    December 13, 2011 at 9:52 am (5 years ago)

    Do you know that hadn’t even crossed my mind April, but it is so true. All the more reason to attract serious business women to the industry who may be being left out in the cold in the boardroom!
    You make a great point – and thanks for sharing, it is appreciated,
    Nicky

  3. Adrienne
    December 13, 2011 at 11:03 pm (5 years ago)

    Great post Nicky,

    I have to agree with April. Network marketing is definitely the fairest way to earn money. I love that it can give everyone the opportunity to earn an income that they would never see in the corporate world, not just women.

    We have a gentleman in our company who came from one of the poorest backgrounds and had no electricity up until about seven years ago. He was so driven to have a better life that he didn’t care what others said or thought and he’s now the top income earner in our company. He use to be an air conditioning repair guy and at the very bottom of his company. His boss would laugh at him as he listened to tapes in his truck.

    Talk about not being biased, this is the only place where you can totally change your life around. If you have the desire, this is the place for you.

    Thanks for sharing this, great job!

    ~Adrienne
    Adrienne recently posted..How To Get More Views On Your YouTube VideosMy Profile

  4. Nicky
    December 13, 2011 at 11:17 pm (5 years ago)

    Wow, powerful story – sometimes out of the poorest places come the shining stars – we really have nothing to complain about and we have such a golden opportunity to share!
    Thanks for stopping by Adrienne,
    Nicky

  5. Nicky
    December 21, 2011 at 10:31 am (5 years ago)

    You’re welcome, thanks for stopping by,
    Nicky

  6. Dr. Robert Doebler
    December 21, 2011 at 3:22 pm (5 years ago)

    Network Marketing gives equally opportunity to every member and the results are based on who works the hardest. There are also many scams so one should always look up the company with the Association of Network Marketing Professionals. This is like any other business, you really have to have a business plan in order to be truly successful.

  7. Nicky
    December 21, 2011 at 5:02 pm (5 years ago)

    It certainly does Dr Doebler and evening out the playing field is a good thing for those prepared to put in the hard work and effort and this is the reason there are more millionaires created in this industry than in any other.
    There are still many scams on the internet, but with a bit of due dilligence and common sense it is not too hard to find out information on a company.
    Thanks for your input and for stopping by to comment,
    Nicky

  8. Henry Verdejo
    December 26, 2011 at 11:42 pm (5 years ago)

    Great job Nicky! Watching your video and hearing that you made the trip from London all the way to Las Vegas shows that you are committed and willing to do whatever it takes to be successfull.
    Henry Verdejo recently posted..The Five Biggest Mistakes Made In Network MarketingMy Profile

  9. Nicky
    December 27, 2011 at 8:21 pm (5 years ago)

    Thanks Henry – Yes I am definitely in this for the long haul!
    Thanks for stopping by and taking the time to comment,
    Nicky

  10. Nicky
    February 11, 2013 at 10:17 am (4 years ago)

    Hey Sherman
    Freedom indeed – but it has got so much more than that lately. Whilst I am no longer involved in a “traditional” network marketing company, I am involved in a similar type of pay plan with an affiliate company that pays 100% commissions. This has been a gamechanger for me and this is REAL freedom.!

    Thanks for stopping by!
    Nicky
    Nicky recently posted..Get More Traffic to Your Blog with the Traffic PlaybookMy Profile

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