coaching
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making extra money
mlm
network marketing
pyramid scam
residual income
word of mouth advertising
What do you think about Network Marketing and What makes you think that way?
By Chysom Scott
@CJscott (4187)
Portage La Prairie, Manitoba
March 18, 2010 1:16am CST
Do you know what network marketing is? Have you ever heard of it before? Do you like it? What makes you like it? Do you hate it? What makes you hate it? Do you understand it, and if so, would you like to share what you know about it?
Chances are you have. Even if you don't know you have. Avon, Watkins, PrePaid Legal, and many similar companies all use this model of marketing, which could also be referred to as "word of mouth" advertising, the oldest form of advertising on the planet.
Instead of paying for TV, Radio, Newspaper or Magazine ads, these companies, pay their satisfied customers, to spread the word for them. They pay on results, and they pay you to help you find people that would like to share their products or services with other people. I believe this is better then the traditional system for a couple of reasons.
First, as a customer you can receive a rebate on your purchases, that could greatly exceed how much you spend with the company. Second, the company is guaranteed to not be wasting money on ineffective ads. Third, you can achieve financial freedom, by helping others to building their financial freedom. It is easy to do, and it is easy not to do.
As a matter of fact, you already do it, you just don't get paid to (yet). When you go see a great movie, do you not tell all your friends they have to go check it out? You just gave the movie theater more business, wouldn't be fair if they compensated you for it? You sold the ticket, why shouldn't you get the commission. If you sold a car, you would get the commission for that.
It is by far, the fairest system out their, it is a win, win, win situation. Even if you don't want to build a business that could replace your current income, as a customer, when you sign up, you can get your products at wholesale or receive a commission on your personal purchases, kind of like getting a Sams Club, or Costco Membership. You get good results with your product or service, and tell a friend, they may or may not be interested. And if they are, well you earn a little extra money towards your purchases, and they may or may not tell a friend, and so on.
So, What do you think about Network Marketing? Do you believe this is accurate or do you have something to add? I would love to hear all of your thoughts.
Thank you for your time, I appreciate and believe in all of you.
CJscott.
3 responses
@Naxous (973)
• India
18 Mar 10
Hello CJscott..It's true that network marketing is the best way to make extra money and it is accurate..however there are certain drawbacks in networking.1)You will have to deal with people and so you will need a lot of interpersonal skills, your behaviour must be fine and you must be ready to answer the queries however irrational they may sound..2)Networking depends upon mutual trust..the individual involved must be honest and must have all those qualities that makes him acceptable..3)in a developing country network marketing will encounter several problems as people will have the tendency to buy goods and services from the stores and they will also have the habit of buying small amounts as they don't have the money so networking will not be beneficial to them..4)All products and services don't enter the same network and so it becomes impossible to satisfy one and all..However,network marketing can receive a boost if the following steps are followed..1)All products passes through the same network, 2)The goods and services are not made available in the stores, 3)The price difference should be substantial.I believe that if these things can be done then networking will be perfect and it won't face any obstacle anywhere in the globe.
1 person likes this
@Christy23 (94)
• United States
18 Mar 10
I believe that there are a lot of network marketing companies that are legitimate. There are also a lot that will make false promises, just like many opportunities that you sign up for on-line. I am not opposed to any opportunity as long as it is legit, and I feel comfortable promoting it. I joined a program recently that was really hyped up and misleading. I won't say the name here because some people have been successful with it I think. Anyway, I got out. I prefer free programs.
1 person likes this
@CJscott (4187)
• Portage La Prairie, Manitoba
18 Mar 10
You have some great points Naxous, but keep in mind that you have to deal with people in every profession you choose, maybe not as many people, and you have to deal with people every day in your personal life, so it is not that much of a difference. Not for me anyways, I have always been kind and respectful. Ready to answer queries however irrational, if it is a worry, then it is rational, and you don't need to have to be able to answer everything, it is better if you can have someone else answer for you, third party credibility, or point someone in the right direction, our job is to inform, not convince. No one person has all of the answers.
I completely agree with and have very little to add to your second point, all people involved, including those people you are presenting the opportunity to must be be honest and have great qualities, or you should dis qualify them from your opportunity.
I don't know much about developing countries, but what you say holds true in first world countries as well, many people would prefer to shop in a store, and that is fine, and many people think they don't have the money. I will use my energy drink for an example, you mix it with water, so you get some water for $1, and my drink for $2, and then you have an energy drink for $3, and most energy drinks on the market are $3.49. So it is cheaper to buy mine, even though, you buy in higher quantities, you are spending more at one time, but still saving money.
Explain further this same network thing, I don't think I fully understand what you are suggesting. There is no need or desire to satisfy everyone, just the people that want to be satisfied, not every one gets satisfied at McDonalds....
We are all one big network. Most Network marketing products aren't available in stores, but they do have competition from similar products, that is just a fact of life, why go to the store, when you can have it delivered to your door? For the most part, price doesn't matter, no matter what you are selling. Quality matters.
If priced mattered, every one would drive the same, least expensive car, and live in the same size, and style of home, and where the same clothes, because it is what is cheapest.
Christy, wonderful view on the matter, there is pros and there is cons. Do your due diligence and investigate the companies before getting involved. I have access to a wonderful training on that, I would be more then happy to share with you if you like. People are successful with even the worst of companies, and people fail with even the best of companies, success or failure largely depends on the skills we choose to develop.
Thank you for time, I appreciate you both.
@benny128 (3615)
•
18 Mar 10
personally I love mlm or network marketing I was sceptical about 10 years ago but joined a mlm company and it has been my only income for the last 5 years.
It has bought me a house sports cars and enabled me to work from home and see my kids grow up.
So yeah I think mlm is an awesome way to make money and earn a living.
Though it is not for everybody and a lot of mlm companies get called a scam or a pyramid system which is illegal.
But any normal business on the high street is the same as mlm, the people at the top earn the money the managers below them make money from the productivity of the staff below them etc etc.
But exactly the same as mlm the people at the bottom can work their way up the tree like I did and it's a lot easier moving up the pay scales in mlm than it is in a normal job where you may never actually achieve promotion or more money.
That's just my own personal experience of my last 10 years in affiliate marketing.
1 person likes this
@CJscott (4187)
• Portage La Prairie, Manitoba
19 Mar 10
Awesome. What do you do in your business that really works? What do you love most about what you do, and for good measure, how do you handle the "its a pyramid" objection?
I love to hear all the different ways of going about the business.
Thank you for your time, I appreciate you.
@phoenix8606 (4942)
•
18 Mar 10
hi! I don't know much about it, because I have never done this, but as I know from some friends of mine it is a really good and sometimes fast way to earn a lot of cash, but sometimes it is also a fast way to lose everything.
well, what makes me think that is that I know how much money have lost and how much they have earned, because the lost one is more than the earned one :)
and I am also not that good at marketing, I even don't know what actually to do!
1 person likes this




