Network Marketing
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Table of Contents
What is Network Marketing?
Network marketing is a type of business that promote or sells good or services to consumer true or network of distributors. network marketing is also known by the other name such as multi-level marketing (MLM), direct selling. this is type of network marketing in which individual become representative of a company and receive compensation not only for their own sales but also for the sales made by people in their network. these distributors are called “downline”.
Network marketing is used by manufacturers and sellers to accelerate their sells growth. in this manufacturer deal with the large number of distributors who developed a network of operations at various level and thus cover a large section of society. they often act as independent representative of the company and as the result major coast involved in a traditional marketing are eliminated. These distributors earn profits at their own level and also expand the groups income for unit sold.
If you work in network marketing, then you must have complete knowledge about the products of that company and you should share that complete information with people. while giving information about the product to people you should tell them about it uses benefits etc. you should also give information about why people should buy that product and how it should be used. if you involved any persons in this form your side then you can earn money from that also in this way you can on money by selling products to people and involving the new people.
Types of Networks Marketing
There are two types of network marketing. Those types are given below: –
- Traditional marketing: – in this type the customer sells any product with the help of distributor, wholesale, agent or retail. and at the same time the customer should be encouraged to reach the product. in this type of the company product reaches from one customer to another. this type of marketing is done to sell the product by using various illegal and unlawful means.
- Network marketing: – in this type distributors are encouraged to sell specific product or service. in this network of distributor is used to sell promote the product. in this type of the customer is directly connected to the company and the company itself benefits. the person who promotes the product of this company get some commission.
Benefits of Network Marketing
- Network marketing is a great way to build and develop relationship between people and leads to wider sales and more income. it provides free training to people who are able to sale it’s product. through this training those people gain knowledge about the product and learn the art of communicating better with the buyers.
- Network marketing is a business that can be started with very little money. a person doing this can start it with the very little money there is no risk of any kind of investment in this. you get the same amount of money as you invest.
- There is no risk of losing money in network marketing you do not have to invest any separate idea in this.
- Network marketing is a good source of earning passive income as your rank increases in this you can start earning passive income.
- You can also do network marketing online. if you do network marketing online then you do not need to go outside, and you can do network marketing in a better way online.
- You get freedom to work in a network marketing you can work with as many people as you want, and it give you opportunity to earn more and more money by working according to your needs.
- In this type of marketing, by interacting with people of our society, a good social network is formed and that promotes your business.
- Network marketing gives you the opportunity to develop talking skills, confidence and personality development.
How to Start Network Marketing
Network marketing is one of the most popular types of business in the world. anyone can start it with less money. and can earn money by working according to their own way. this method may seem easy but requires a lot of time and knowledge. the more you invest your time in it the more money you can earn. some important tips and how to start network marketing are given below: –
- For this you first have to choose your network marketing company. to start the in this field, you should choose the company after careful consideration.
- It is very important to get complete information about the company you choose and about its products. you should understand the products and business type of that company very well.
- Network marketing companies always organize seminar you should attend them so that you get maximum information about the company and product you will get a chance to connect with new people learn and you will be able to connect with them.
- For network marketing you should learn the skills of talking well with the customer. you should know to sell your product by talking well you should tell the customer about the benefits the uses and why they should bite you should encourage them to buy the product
- You should know how to sell your product with honesty and understanding it is import very important to earn people trust if you give them good quality products, they can trust you and by more product from you
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- Network marketing started in America in the 1980s. after this business was for started by some American companies it is slowly started and growing become popular all over the world.
- Network marketing has spread all over the world these days and people are increasing their self-confidence by earning a lot of money. due to this people get business opportunity.
- The business started in India in the 1990 at that time America started its branch in India and since then it started in India after this other companies in India adopted and it started it
- There are two sources of income in network marketing one is active income and other is passive income .in active income you can on income as long as you work and when you stop working your income stop and in passive income after you have complete team which many people will be associated with you who keep working and from this your passive income start.
- Through network marketing a person gets the freedom to work as well as the opportunity to on more and more money.
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