PLEASE LIKE, SHARE, SUBCRIBE video! Thanks you very much!
Hey, this is Michelle from Network Marketing Performance where you can find ideas to create
the business and life you love through network marketing.
Either you've heard the term network marketing before or you've had someone share with you
what the network marketing business is all about but yet you're still left feeling like,
"I don't get it."
Well don't worry, because in this video we're going to answer your question: "what is network
marketing?"
You'll find out: what it is, how it works, what are the benefits, who it's for, and who
it isn't for.
So what is network marketing?
To put it in simple terms, network marketing is a specific type of distribution model for
products and services to get to end consumers.
To understand how network marketing works, let's take a look at how we commonly buy our
products.
Let's take for example, your toothpaste.
Typically, your toothpaste would be made by the manufacturer, then it would be shipped
off to the wholesaler, and sold to various retailers like Walgreens (or if you're Canadian,
Shoppers Drug Mart), and then it would be sold to you, the end consumer.
However, in network marketing, that toothpaste would start off from the manufacturer, shipped
off to the company's Representative, and then it would be sold to you the end consumer.
And what exactly is a Representative in network marketing?
Well, when you join a network marketing company, you become a Representative.
You can also be called an Independent Distributor, Member, Business Owner and the list goes on
depending on the company but they all essentially mean the same thing.
Well, now that you're a Representative, this means you have your own network marketing
home based business which gives you the exclusive rights to market and sell the company's products
and services to earn an income.
So now that there's no longer a need for the wholesaler, the network marketing company
doesn't have to sacrifice their profit margin through the typical distribution model.
And with no traditional retailer, means that the network marketing company doesn't have
to spend as much money on advertising and marketing.
Which means the network marketing company has money to pay you, the Representative for
your personal efforts in selling and marketing the products and services.
But we gotta make it clear, you don't work for the network marketing company as an employee.
As a Representative, you sign a contract that allows you to promote and sell the products
and services through your own marketing efforts.
You don't get paid for putting in the work like you would at a regular job.
You only get paid for the results you produce.
So for the products and services you and your team end up selling.
You can even qualify to earn bonus commissions if you and your team sell larger volumes of
products and services.
What are the benefits to network marketing and why would anyone want to start a network
marketing business?
There are three reasons: leverage, residual income, and low startup cost.
You can multiply your efforts in network marketing through building a team.
So this means you can earn money like the wealthy do through leverage and residual income
which are the special ingredients to creating financial wealth.
And with the low startup cost in comparison to starting a traditional business can mean
a much lower risk with network marketing.
According to BusinessDictionary.com, "Leverage is the ability to influence a system, or an
environment in a way that multiplies the outcome of one's efforts without a corresponding increase
in the consumption of resources.
In other words, leverage is the advantageous condition of having a relatively small amount
of cost yield a relatively high level of returns."
So I'll give you two examples from Tim Sales, who is one of the industry leaders in network
marketing, of how the wealthy leverage their time and money.
Let's say you're an investor and you invest $2 million with 10% interest which would give
you just over $16,000/month in income.
This is income that you didn't have to go to work for to trade in your time for money.
How awesome would it be if you could have that kind of leverage through money?
But unfortunately, not a lot of people have that kind of leverage.
Or let's say you're a business owner and you hire an employee.
You and your new employee both work an 8-hour day on Monday and as the business owner, you
get paid for 16-hours worth of work that day because you get to take a portion of the productivity
from your employee as income for yourself.
And that's a way to leverage your time and effort.
And that's the same kind of leverage you can get through building a team in network marketing,
only that they're not your employee but they're also a Representative.
So they're more self-motivated and inclined to earn an income for themselves and to succeed
rather than an employee who's working for someone else and is just clocking in their
time waiting for a paycheque.
So as your team members succeed, you also succeed because the company can pay you bonuses
for your team's overall productivity.
What if you could take a break but still keep making money month after month after you've
already done the initial work?
Let's just say you decide to take some time off from network marketing to go on a 6-month
trip to explore South America.
But you're still earning money every month through your network marketing business because
of all the hard work you've put into it at the very beginning.
So you don't need to worry about not making any money while you're away and you can still
stay at that nice resort you wanted to because you can afford it.
And this is the power of residual income in network marketing.
Let me give you another example of residual income outside of network marketing.
So imagine you own a very popular and successful restaurant.
You started the restaurant yourself, you got the loan, and you put together an effective
business plan.
Then finally when things started to pick up, you were able to hire a super competent, and
experienced restaurant manager to take over your duties.
And now, she runs the restaurant for you on a day-to-day basis and you no longer have
to work there or even step foot into the restaurant.
You earn an income from the restaurant month after month because you're the owner.
That's the power of residual income.
You don't have to work at the restaurant to earn an income each month because you know
how to leverage your time, your effort, and money.
You put in all the work at the beginning to streamline your business and you hired the
right people to help run your business for you.
Now, if you're thinking, "network marketing sounds too good to be true..."
Well, it is if you think that this is a get-rich-quick scheme because it's not.
Network marketing isn't for you if you have a lottery-ticket mentality where you think
you're going to make lots of money without putting in any work.
And we'll be honest with you, it's going to take some effort.
You're going to need to learn new skills, take action, and it's probably, most likely,
going to challenge you in some way or another.
But you gotta ask yourself, is it worth the effort for you?
Because network marketing isn't for everybody.
We know a lot of people talk about wanting a 4-hour workweek but not a lot of people
actually do anything to earn it.
But if you're willing to put in genuine effort and be committed to your business especially
when times get tough, then network marketing is for you.
If you understand the power that you have within you to create the life you dream of
and you're willing to take responsibility, then you will succeed in network marketing.
What would life be like for you if you didn't have to worry about time or money?
Well, I hope I answered your question, "what is network marketing" and that you have a
better understanding of how it works and what it can do for you.
If you liked this video, please go ahead and click the like button and share it with your
friends.
Also, remember to subscribe to our channel so you can stay up-to-date with new videos
from us.
Thanks so much for watching and we'll see you next time.
Đăng ký:
Đăng Nhận xét (Atom)
Không có nhận xét nào:
Đăng nhận xét