Brush Up on the Realities of Network Marketing

Network marketing, or multi-level marketing, is one of the fastest-growing business models of the past few decades.

The department of industrial policy and promotion is pushing for implementation of guidelines for direct selling industry, which is slated to touch Rs 645 billion by 2025, according to a report by FICCI and KPMG.

A significant number of network marketers have negative experiences with the industry. That is why 75% of all people who have ever been a direct selling representative are no longer in the industry. This is because we never go into the challenges and problems in the network marketing model.

We all work for ourselves.  Multi-level marketing just makes that clear. Yet one of the things that make the sector most attractive, the low/No barrier to entry, also creates some its greatest dangers.
Many people get into it without the necessary skills to run a successful business and never try to learn that how to run a successful business.

Here I am sharing the Seven (7) lessons that we have to learn for building a good Network Marketing Business Model,

Every business is a relationship-based business
Look, you have to understand the value of a relationship first to run any business successfully, you cannot sell an product with a superior relationship, but you need at least a functional relationship to sell your product. That is particularly apparent in multi-level marketing, an industry built around person to person sales.

Think analytically about your network

This is up-to you that what kind of network you want to build, may it will be full of potential or you are just selling the products, Think first and plan an analytic about your business than approach with an opportunity mindset.

What do you think, from where you can find that potential people? Remember an untouched market is highly dense market. Your word of mouth can initialize the value of your product and you can use 100% potential of that market.   

Create a community around your productGo for a community around your product. Multi-level marketing companies rely almost exclusively on their communities for sales, support, follow-up, and recruiting. Remember if you repeatedly visiting to a user forum to discuss the good or bad experiences about the product than you can see that your customer will support to their own customer via your product.

Leverage the unleveraged

The common culture and interests create a foundation to build strong relationships more quickly. You can see in network marketing 60% female are working and they are earning more handsome than traditional sales peoples. so the People can be very effective salespeople when selling to their own community, most of them female are house wives, completed only a partial college education, technical or trade school or have only a high school education.

seven-lessons-to-building-a-good-network-marketing-business

Build a relationship first

One of the delicate aspects of network marketing is that people leverage their personal relationships to sell a product. Although that leverage makes some people queasy, the success of the network marketing model shows that many people do comfortably build multiplex relationships: Their friends are their customers, and vice versa. With delicacy, you can do the same thing.

Not everyone is a prospect

One mistake some network marketers make, as do many other sales people and marketers, is thinking of everyone they meet as a prospect. 

You just build relationships with a lot of people. Some will become prospects and some won’t, and you are the identifier to whom you need to share opportunity. Don’t waste your time on non-serious people.

Use online networks

The network marketing industry is a particularly good industry for leveraging online networks. This is your cold market this is how it can give you a 100% result,
Build Relation

Convert it into warm market

Show your franchise distribution opportunity

To be Continue...!!
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