How do I start a network marketing business?

December 11th, 2009 by admin, under network marketing. 1 Comment

i Was told today that i would do great in network marketing, what exactly is this, how do i get started building a business, like the very first step, please dont refer me to websites, unless they will give me step by step on exactly 100% how to do it. please answer me only if you have complete knowledge. Thank you!

Simply put it’s referral marketing. You become a distributor for a company. You sell the product/service and get paid for it. You also recruit others to do the same and you earn overrides from their sales. The basic concept is this. We recommend things to others every day. We just don’t get paid for it. Most people will never be a great salesperson, but everyone can recommend something and make a few sales. By recruiting others you are building a team of other people who can make a few sales. Eventually you have a lot of people each doing a little bit and it adds up to a significant income.

As for how to start most people will say just sign up and make a list of people you know then present the info to them. I disagree. The first step is to find the right company. There are lots of network marketing companies out there. Some are good, some are bad and some are really just ponzi schemes disguised as network marketing. There are lots of fly by night and me too companies out there. It is very important to choose a stable company with a real product or service that you can believe in and that gives people more value than what they pay for it. If you would not buy a product if there were no business opportunity attached to it then that is not the company for you. I’ve written an article on how to evaluate network marketing opportunities (general info, doesn’t recommend a specific company). Email me if you want the link to it. I can also suggest several stable companies worth looking into.

After you’ve found the right company and signed up you need to plug in to the system. A good network marketing company will have a simple, duplicatable system that is idiot proof. Actually sometimes idiots do better, because they just follow the simple instructions rather than thinking they are smarter than anyone else and trying to reinvent the wheel. Your sponsor or someone in your upline should be there to "hold your hand" in the beginning stages of your business and walk you through the steps of building your business and teach you that system. As you grow your business and begin to feel more comfortable with it they should still be there to support you as needed. The first thing your sponsor and the system will teach you is to contact everyone you know and share the info about your new business with them. They will teach you how exactly to go about doing that. You want to do it in a way that they don’t feel that you are just calling to sell them something and just reject you without even looking at the info. You may invite them to a presentation at your home, give them a DVD or CD, send them to a website, take them to a professional lunch presentation or evening presentation at a local meeting room, etc. After you get going your sponsor will let you know which specific tools your company has available and how to use them. After that you will learn how to prospect for new customers and distributors while you are out doing the things you normally do.