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Understanding Principle of Leverage Through Network Marketing Business System

Happy New Year to all lovers of my Blog.
Network Marketing Business System had come of age despite challenges here and there over years. Every concept that will last will have its own share of initial challenges.
What makes Network Marketing Business Concept such a phenomena
Watch this Business Concept and understand the principle of leverage that makes Network Marketing business system one of the highest and lucrative business in the world for those that are ready to pay the price at the initial stage and thereafter.

Networking Success Tips

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Network Marketing Business model has made many people achieve great success in life. Many had phenomenon success while others manage to have limited level of success. Let me share some success tips on how to be successful in your Networking business. 4 Keys To Success In Network Marketing. 1. Have a full Perspective: This is understanding completely of what Network marketing is and what it can potentially do for you. Be sure to understand the basic knowledge of what an MLM business can be. 2. Have one Goal in mind. Goals will keep you motivated to do what is necessary to make your networking business a great success. 3.Positive Attitude: This will affect your daily activities. A positive attitude will keep you focused. 4.Be Persistent. Lack of persistence will lead to failure in this business.

Is Network Marketing All About Selling Products? Facts That Will Surprise Your Belief.

Many people regard Network Marketing business model as a Selling business. In my interactions with people when you are showing the opportunity to a prospect, the first line of objection is usually " me? I cannot sell products or peddle products around please". Sales function is part of the business of Network Marketing but is it the ultimate passport to success? Is Network Marketing all about selling products? I will like to answer this poser by quoting a mentor of mine who I love for his writings and publications on how we can become successful in life through Financial Literacy. The world acclaimed author of Rich Dad, Poor Dad and many other best selling books- Robert Kiyosaki. Is Network Marketing All About Selling and Earning Income? I will like to quote the response as elucidated in Kiyosaki Book- Business Of The 21st Century. "

Network Marketing is not about selling products or earning income". "The biggest popular misconception about network marketing is that it is a selling business. But selling is just earning more income. The problem is, if you stop the activity, the income stops". "Selling is not going to build your wealth or your freedom". " People often assume that being successful in this business means being "great at sales." But the point of network marketing is not to become great at selling your product or service......in network marketing, the whole point is not to sell a product but to build a network, an army of people who are all representing that same product or service to share with others". "The goal is not for you or any other individual to sell a lot of products; it is for a lot of people to be their own best customer, sell and service a reasonable number of customers, and recruit and show a lot of other people how to do the same thing". And here is the reason why you want to build that army of independent representatives: Once you do, you know what you will have? An asset that generates income for you known as Passive Income". " Network Marketing is not about earning more income, it is about building an asset".

 Above is from the super experts in Financial Literacy knowledge. Network marketing is not about selling. It is about a system that builds you a leverage so that you gain from the efforts of others. The aim is to build a large army of independent representatives and do everything possible to make them successful which by so doing, your little efforts will generate multiple benefits year in year out. Happy Networking!

PROSPECTING METHODS IN NETWORK MARKETING

A prospect can be described as 'likely customer'. A customer who may be interested in buying something. In Network Marketing parlance, the art of prospecting is a core value of the success of a networker. It is one of the functions of a network marketer to invite more people into the network. Prospecting is a critical factor of which the success or otherwise of a networker is based upon. If you are successful at prospecting, your network will definitely grow, on the other hand, if somebody is deficient at working hard towards prospecting, the result is a deficient networking reality. 

Many people are scary of introducing someone to a company's product line or opportunity. It is understandable also that most new network marketers will have some apprehensions about introducing the business to other people. However, with practice, these apprehensions are put to the background. Practice definitely will help to increase your confidence level and every prospecting conversation can be an improvement over the last one. The beginning fears will soon dissolve into the comfort of a normal routine as one progresses in the art of prospecting.

Prospecting Sources:
Traditional prospecting method teaches us to start prospecting through our 'warm market' or our circle of influence. This includes family, friends, acquaintances,  associates and business contacts. Basically, anyone you know or know of. This methods recommends making a list of these names and then present the opportunity of your networking business to them.

http://www.spotwriters.com Another technique to create a list of prospects is to use a 'memory jogger' like the yellow pages. You can think in term of occupations and affiliations. For example, lists that include professional acquaintances , business sources, former school classmates, clubs, church groups, networking groups and all other organizations where people come together in community. However, the drawback to this approach is that until you have proven yourself successful in this business, it is often uncomfortable or distasteful to 'hound' friends and relatives.

Some more prospecting methods will be shared in the next post. Happy Day!
PS. your comments are welcome please.

HAVE YOU BEEN DISAPPOINTED BY A PAST MLM COMPANY? 4 MOST IMPORTANT LESSONS TO LEARN

During my Teacher Training College years between 1982 and 1985, one of the most compulsory subject for an aspiring teacher in the college was 'Principles and Practice of Education'. It is a subject on which the totality of teacher education is anchored upon.
One of the topics in PPE as we do call it is 'Learning'. What then is learning? Learning has been described as the acquisition of knowledge or skill. It is a knowledge or skill gained through education. However, to us as teacher-in-training, a more detailed definition was given which I think takes into consideration elements of psychology of learning.

Learning was defined as 'any permanent change in behaviour as a result of past experience leading to someone behaving differently given the same scenario in the future'. You will wonder where I am heading to in this post. It is simply because we learn everyday. We acquire knowledge and skills everyday. We experience different realities everyday. Some of these experiences are palatable and heart warming while many others are heart breaking and disturbing.So is the journey inside the vehicle of Network Marketing. We are exposed to divers of experiences. We learn some bitter truth in hard ways as well in some situations, we experience bliss of great magnitude that one could hardly think it is possible on planet earth.

What is your past experience in your previous MLM opportunity? Have you been disappointed? Have you worked assiduously in the past only for you to be frustrated by the system of the company you partnered with? My observation recently has shown that out of every ten people that are interviewed on their past experience in their previous network marketing company, seven have not-too-good experience from their expectations. They are either frustrated, disillusioned and simply quit. Asking such people to come and join your network will spontaneously and instantly generate a negative reaction. They have learned the hard way. Their experience had shown that they will react differently to similar situation next time.

Learning is a lifetime education.There are four important lessons to learn so as to reduce network marketing business frustrations:

   1.    Understand Your Strong 'WHY'
   2.    Handle Your Networking as a Real Business or Profession
   3.    Research Well The Company To Partner With
   4.    Understand What Network Marketing is NOT

You must have a strong 'why'. A kind of motivation that drives the best out of you. A determined heart to achieve a set goal and a clear understanding of genuine reasons for desirable success.

It is ideal to handle one's networking business as a real business or as a real profession. Most of the time, we give our regular day job the seriousness it desires despite being not convenient to do, but we do the inconveniences. For example, we wake up early in the morning and commute to work place so as not to be late. We carry our assignment on with precision as any deviation will warrant sanctions. The same way we should handle our network marketing business as a profession. Prospecting must continually be done whether convenient or not, follow-ups of prospects, desire to help people are all the ingredients of success in network marketing.

Another key lesson to learn is the ability to conduct a due process assessment of the company to partner with. This was highlighted in the previous post. Some 'old school' network marketing companies have great products but bad compensation plan. Independent distributors find it hard to grow in some organizations and many more have their system skewed to favour being perennial salesman with little opportunity to grow. The main fact is that, you must do your research very well and be sure the company is solid, experienced, distributor friendly, and futuristic in mission advancement.

Finally, it is necessary to understand what network marketing is NOT. Understand what network marketing is not. Network marketing is not about Selling Products or Earning Income! It is not a selling business. This is because if you stop the activity, the income stops. Being successful in network marketing does not mean being 'great at sales'. The main focus is not to sell a product but to build a network, 'an army of people who are all representing that same product or service to share with others'. 'The goal is not for you or any other individual to sell a lot of products; it is for a lot of people to be their own customer, sell and service a reasonable number of customers and recruit and show a lot of other people how to do the same thing'. Like I said before, networking success is about duplications.

If you have been disappointed by your past MLM experience, this does not mean network marketing business is inherently bad, in fact the opposite is the truth. Do not close your eyes to another opportunity. Network marketing opportunity is the best gift of the 21st century. A great deal of learning will however make the navigation to success easy to achieve. Do you share my opinion? Hit the comment box to express your view. Set the conversation rolling.

Network Marketing Business Blog: WHO IS FEARING NETWORK MARKETING BUSINESS MODEL? -...

Network Marketing Business Blog: WHO IS FEARING NETWORK MARKETING BUSINESS MODEL? -...: Success or failure of a network marketer could also be attributed to the dynamics of the company being represented. In the last post on this...