Your Ultimate Guide to Network Marketing
LEARN ALL ASPECTS OF NETWORK MARKETING AND HOW YOU CAN BENEFIT FROM THIS BUSINESS MODEL
In the network marketing space, there are a few thousand companies using this business model. All of them proclaim that their products are the best, the compensation plan pays more than anyone else and it can get pretty confusing. Of course, the reality is usually quite disappointing, when compared to these grand promises. Here, you'll find the information that will clear up any misconceptions and I'll provide you with my best advice for you.
On RickBillings.com, you'll discover reviews of the network marketing business model, things to consider before joining a company and how to create success using the power of the internet.
Residual income is derivided from your efforts in the beginning and your paid month after month and year after year when you have consumable products.
THE PERFECT BUSINESS
The perfect business is a business where pretty much anyone can get involved and create unlimited income through their efforts.
What is Network Marketing?
It's a marketing strategy for the sale of products or services where the revenue of the Network Marketing company is derived from a non-salaried workforce selling the company's products/services, while the commissions earned by its representatives is derived from a compensation plan.
There is NO CAP on your earning potential in Network Marketing no matter when you join the business. That is why in my opinion it's 'the perfect business model'.
The 5 Pilars on a Great Network Marketing Company
- The COMPANY
- The PRODUCTS
- The COMPENSATION PLAN
- The TRAINING
- The TEAM
Will the company go long-term? The first place you have to look is track record. Companies don't build companies...people build companies. Do the executives have experience and a track record to build a multi-generational international network marketing company? Do they have the resources and are they well-funded to achieve this? And lately, do they have the vision and passion to become a multi-billion dollar company?
Will the products sell outside the network? Will the products attract customers instead of just distributors buying the products. If the products DO NOT sell outside the network then the furthest a network marketing company will make it to $100-$200 Million a year but most likely will not go above that.
The COMPENSATION PLAN
Will I be well paid for my efforts? There are many compensation plan experts in network marketing. You need a compensation plan that compensates people fairly not matter when they join and allows for anyone to create unlimited income.
Will the training produce an effective distributor? There should be multiple types of training. A home study course, online and at events. Training is what keeps people from making millions of dollars in the network marketing industry. Experienced network marketers should be able to plug right into the training systems and marketing campaigns with ease.
Success leaves clues...and a good mentor will share what's made them successful in their network marketing business. Depending on how you want to build the business the team you join and especially your sponsor can make a big difference. So make sure that you ask plenty of questions and that your personalities complement each other.
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