FAQs NETWORK MARKETING
What is network marketing?
Network marketing is also called multi level marketing or in short it is called MLM it is actually a business model where the company sell their items or products to the customers for earning the commission they also do it after the recruitment of new members which works below them and this recruitments is called down lines with this process they form a chain network that’s why it is called a network marketing. The best thing about this MLM is that you can also make profit through indirect sale which is made by their new recruits and can make unlimited profit.
What is starting of MLM?
Its starting point is 100 years back, yes its true its approximately 100 years old and from 60 years its been practicing success and its spread.
Adoption of MLM as part time?
it is the best form of second income you may earn on it by spending one or two hours in a day for the promotion of your business through a network of family friend or employees many of the successful MLM businessman’s are doing it as part time and earning profits.
Making of money through MLM?
It is more easy and profitable to earn through MLM because there are two ways income is related with it one is the direct income that you may earn by selling yourself (or through rectuiters) and is termed as direct income while the other form of earning is the indirect income that you earn from the sell through the recruits of those recruiters who sell them and your profit is also made along with their profit indirectly according to plans and percentage fixed by company
What product materials are used for MLM?
The planet of MLM revolves around the sun of consumable products which are directly related with the distributors and customers these include
Nutritional products
Health care products
& Beauty products.
Recruitment of new members in MLM?
The recruitment of new members in MLM is so easy actually it is the presentation based as via explanation through slide shares, videos, or manually all you need is just to explain the productivity and benefits of the business and these recruiters can be your family member your friend or employees.
Promotion of MLM?
Promotion is not a new story just staying in contact with down-lines, conduct meeting on regular basis keep in touch through mails and watsap or any platform of the social media create your demo videos and logos and stay connected for better connection and obviously promotion.
Is is fake business or real?
It is the most Important question that is related since its birth as it is misunderstood while taking the pyramid structure in consideration which is usually thought to be illegal while MLM is legal as CEO supervises the management which is the middle part of the business structure and this middle management in turn will supervise the down-lines employees this is the real legal and acceptable structure of MLM business and there is no scam in it rather you can earn within 90 days if you invest in it sincerely.
Chances of success in MLM?
Chances of its success is similar to chances of success of traditional business because for its success you have to become eligible for success and have to invest your sincerity time and efforts just like other businesses but in return it will you more profit in lesser time so if you qualify the eligibility your success percentage is more.
Is Multi-business possible concurrently?
Yeah its true it is possible to owe multi-business in MLM and you could take it as part time too it is onto the company who allows it or restricts it according to the business exports you should go for single one.
How big is MLM?
It is so much big that yearly 100 billion is its sale and more than 50 million people are part of it
Top company of MLM?
Amway is the top company of MLM business
Most rated other companies of MLM?
Other top companies with highest earnings are Jeuneses, Natura Cos meti cs, LG House old & health,Isagenix, Her balife, Varwerk, Forever Living, Am are pacific,Avon
When it was started
As mentioned earlier Amway is the top company of MLM business and it was started in 1959 Watkins is 100 years old and successful company of MLM. That means from 100 years approx it was in work as is that much old.
Is traditional business more or MLM?
Business whether it is a traditional business or a MLM business both are risky but the major difference between both of them is that in MLM business you does not need much material instruments like physical existence of building and employee or the equipments of business you may take a start from a lower investment while the chances of profit is more and so the amount because of indirect earnings along with the direct earnings.
What is the key to success in MLM?
The only key to success in this business is the devotion determination and daily check on the business along with three of these tools you can nail this.
How to handle objections in MLM?
The first step is to accept the objection then listen to it carefully whether it comes from the employee or the consumer note down why it happened explore the ways of solution and go for them never take off your focus from the benefits in the business this is the technique.
How to choose MLM software?
Opting a MLM software is a very good idea in MLM business it tends to manage all the affairs related with MLM business like payouts, MLM network ,commissions and reports. Further more how to choose the best MLM software is to look at the performance of the software first then see the features and reputation of the company launching it then decide the best one for your MLM business.
How your decision must be made to opt MLM?
It depends upon you and only you what MLM you opt this is a step which in dependent on to you in totality because before entering in MLM you must look at the company and its products what is their reputation and value in the market do a good study before about the other companies too than go for yours. Because in the last it is you who have to select what is suitable and worthy enough for you.
How to create best profile and impression in MLM?
For creation of best profile and impression you have to make a good presentation which should explain in detail
Facing of objections
Solving the objections
Defining of the goals of company
Directly deals with the demand of customers
Must be precise
Must equipped with technology
Must define the technical terms in form of charts and graphs.
Who are the top success stories of MLM?
Sarah Robbins is the top most success story of MLM who was an ordinary school teacher but now she is a top selling consultants of company and is first one to enter into Million Dollar Circle. While others are Eric Worre, Ray Higdon,Donna Johnson, jerry scribner, Mike Sims.
What are up-lines in MLM?
The CEO of the business who recruits the middle level of MLM business i-e the middle management for their business and supervise them it is called an up-lines in MLM business.
What are down-lines in MLM?
Recruiting of new members for sale is the down lines in MLM business while it can recruit further members for same sale purpose and all this will form a network and is called the downiness
What is difference between Pyramid Scheme and MLM?
There is the difference of legal and illegal between the MLM and Pyramid scheme MLM is a legal scheme while Pyramid is an illegal scheme you earn through the new recruits in MLM via profit while in pyramids the only reason behind is unrealistic products only.
What is the current position of MLM?
Currently it is the most popular business in the market due to its following usages
Low investing cost
Huge income
Passive income
Lower cost of production
A financial uplift system.
Direct and indirect earnings.
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