Network marketing for dummies?
Posted by Joanne Brent on 06 Aug 2009 at 05:49 pm | Tagged as: Uncategorized
Many people have been asking me lately what exactly network marketing is and how it benefits a company/organisation or individual? Far be it for me to pose myself off as an authority on the subject - but I’ve put together some points for beginner networkers out there. Regardless of the below advice it’s still a good idea to speak to a professional about working on promotion methods and sorting out all your seo mechanisms.
The hardest thing for beginning networkers and people new to the attraction marketing field is learning how to step up and show leadership traits. This is true even for people who have demonstrated leadership in offline pursuits. These leadership traits are a big part of making you the person to follow. When you add those to the network marketing experience you pick up as you go along - you’re becoming a branding force unto yourself!
If you are really serious about making your business work (regardless of industry whether recruitment to travel) and obtaining a significant income from it, you may already know that a lot of people do not do well with their online businesses. This is less of a reflection on the network marketing field but more of a reflection on human nature. Not everyone is cut out to be a business owner - not that this is a bad thing it just means your talents - and appropriate rewards - may lie in more conventional forms of making money.
Here is some advice on how to most guarantee your network marketing endevours are a success:
1. Analyse those compensation plans. Some compensation plans are inherently good for long-term growth but it is sometimes tough to gain momentum and see those programs pay off for you quickly. You will see binary plans, hybrid plans, one-leg plans and forced matrix plans and hybrids of all of these. Some comp plans can be very complicated. Some are excellent for team building and others are only beneficial for those who are at the top of the pile who got in first. For example, the one-leg straight line compensation plan benefits the team as a whole unit and yet it has emphasis on giving credit to the members who personally enroll people. By comparison, the hybrid binary compensation plan requires building many legs and it promotes team growth. However it does not do as much in the way of providing income for the average network marketer.
2. Be different in your marketing approach. Almost everyone promotes home business opportunities by emphasising the product angles. This is a mistake because the main appeal to a business opportunity is the business opportunity itself not the products or the product line behind the opportunity. Therefore putting your marketing focus on the product line in industries where health products are a dime a dozen is a sure recipe for failure or frustration. You need to understand exactly who it is your optimal target audience is before promoting anything then figure out how to attract those people to you.
3. Promote yourself first. If you signed up with a network marketing program so you could have your own business, take heart. You are right now an IBO– An employee of that program working either for free or for a commission. No salary is guaranteed. To be successful with network marketing you must distinguish yourself from the crowd by branding yourself right away.
It is possible to engage in self-promotion and primary program promotion at the same time. What you need to do is create your own (or hire someone to do it for you) landing pages, squeeze pages and splash pages that are unique to you. Do use the company sites for your own support and information but do not rely upon them for conversions. You need your own site and identity.
I sent this to my brother he’s really into this kind of stuff! He said he’s going to share it with all his friends on facebook tomorrow!
I always enjoy reading quality articles by an individual who is definately up to snuff on their chosen subject. I’ll be following this thread with much interest. Keep up the great work, I will be back