Network Marketing And Why You Must Research It
Posted by Kurt Henninger in MLM Sunday, 25 July 2010 14:13 No Comments
It is very common when you are just talking with people about what you do, and the first thing out of their mouth is “What is Network Marketing?” Often this can be extremely hard to answer, especially for the new person to the industry.
Really what network marketing is, is that it is a way and method to market goods, products, or services to people literally through a network of friends, associates, or connections. Instead of big companies moving the goods, local people you know do so. More on the how of the marketing later.
Similar to other industries, like the insurance, and financial planning large corporations decided to recruit a group of independent sales representatives to physically do the marketing on their behalf, and in turn, these business builders get a share of the profits for their work. A nice arrangement for those who are looking to earn some money by promoting some usefull products or a business opportunity.
With that out of the way, we need to get into the actual ways that you build this business, whether it is a consumer product or business associate. The how to is absolutely the hardest thing to figure out in this industry.
Traditionally, network marketing, whether it was a vitamin, juice, lotion or potion has been conducted through your warm market. The general idea being that you can leverage existing relationships and the trust that has been built up over years and “recommend” products and services to people. This is the easiest way for most people, quite literally as you can start it within the hour and there is no need to learn how to promote any kind of business.
This is most commonly known as word of mouth advertising and has traditionally been extremely popular and successful in the last 50 years or so in this industry. Plus, those companies then get access to your network of friends and family and profit from that.
The methods and techniques used in the warm market really haven’t changed that much over the years, but in the last couple, the internet has allowed millions of people to connect with others all over the world and extend their reach. By virtue of extending your reach over the internet, quite literally one can build up a huge business literally with the push of a button.
When it all comes down to it, the absolute best way to sell or market anything is to go out and find a person or group of people who are in need of something, and have some kind of problem. You can then use either your business opportunity, or your own product. Ironically this is the exact opposite way that people think of building a business in this industry.
After all, people you know might not be looking for a particular product or service, so why try to convince them? Far easier it is to go ahead and just give them what they want.
What makes marketing even harder today is that consumers are continually hit up by offer after offer for people trying to sell them something.
Now, there are tons of strategies and techniques to do so, creating targeted content in the form of articles, blogs, videos, or podcasts, networking on social media sites like Facebook, MySpace, or Twitter, or utilizing paid internet advertising in the form of pay per click marketing, ezine advertising, or banner advertisements.
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