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Earning money with Crowd1 and Network Marketing: How does it work?

Earning money with Crowd1 and Network Marketing: How does it work?

Introduction to network marketing

Network marketing is a popular business model adopted by Crowd1 in addition to many other brands and is based on a person-to-person sales system where sales are executed by independent representatives of the networking company. The representatives, also known as networkers, of the company, are responsible for all sales and bringing in more business for the networking company. Network marketing is a highly efficient marketing strategy as the model initiates and incentivizes the inclusion of more potential customers by monetarily compensating the networkers. Network marketing enables Crowd1 to build international networks and sales forces hence expanding the brand exposure and reach.

Network marketing is known by a wide variety of names including, cellular marketing, affiliate marketing, consumer-direct marketing, home-based franchising, and referral marketing. Crowd1 and other network marketing companies that follow the strategy have a domestic tier system in place which decides commission for the networkers. The networkers earn income based on their own customer sales in addition to the customer sales of the networkers that they recruited.

Not all network marketing companies have a multi-tier system such as Crowd1, it solely depends on the brand and its business model. Some networking marketing companies have a single-tier system, meaning that all members and networkers of the brand have the same and are equal towards the compensation plan. However, the single-tier system only allows the sale of products, removing the benefits of building teams and international networks.

So what are the concrete differences between network marketing models and that of a pyramid scheme?

The definition of a pyramid scheme is a fraudulent system where the financial capital only comes from the affiliation and recruitment of an ever-increasing number of members. In a pyramid scheme, the recruiter of the new member is monetarily compensated when the new affiliate invests in the business and affiliates more members or when it purchases products or inventory from the business. The model is called a pyramid scheme since all the accumulated financial capital ascends towards the assemblage of people that entered the business in the beginning.

Most multinational companies today have some form of incentive for existing customers to recommend and to affiliate new customers to them, by for instance offering them discounts and other types of beneficial rewards. Since network marketing has a commission system correlated with generating more customer sales by building a network, the affiliation process of networking marketing companies are often directly portrayed and defined as that of a pyramid scheme.

In order to create a long term residual income and a career as a networker, it is crucial that the network consists of other like-minded and ambitious networkers. The ambition and goals of the recruited networkers are what ultimately determines the efficiency of the network and the potential customer sales that it is able to generate, which ultimately determines the networker’s income.

It’s true that not everyone succeeds in network marketing, but that is true for every business and industry. Network marketers and digital entrepreneurs who earn large amounts of money are the same networkers who work consistently in and around their businesses. Becoming successful and to which extent people in the industry succeed should, however, not necessarily be how the industry is judged. The definition of success is highly subjective, but many people in network marketing experience their success when they earn enough money to spend more time with their loved ones, on their hobbies, or even paying off debt / loans.

Network marketing has its issues, but many of them hinge around false and misleading information. General means of success can be achieved in a network marketing career, however, the success of a networker is determined by the same factor as in all other businesses and industries. Anyone willing to gain a solid understanding of the industry, choose a company carefully, find a quality sponsor, and commit time and effort to the business can also have a successful career.

 

Network Marketing Success 2020: Vetted Strategies to Reach 100% Success

Network Marketing Success 2020: Vetted Strategies to Reach 100% Success

Why does multilevel marketing collapse like a pack of cards for some enterprises? Unless you identify the causes, it is hard to get back into the saddle. The pressure of global network marketing successes is so competitive that once it flops, it is a dead-end forever. A potent networking marketing strategy will strengthen your commercial pursuit Don’t you want to stack up your chances? Pull yourself together and join us to unlearn how to crack the multilevel marketing code. We are not just providing quick tips to soothe your ego. Develop genuine techniques and well-measured tools to decode how to succeed in network marketing. Don’t underestimate 2020’s bellwether approach for a 100% success.

Thundering blunders and flops

You may get a quantum of solace, knowing that so many others have flopped despite having innovative products, services and marketing techniques. Their debut in the world has been heavily laced with red flags. However, after failure, some makers doubled their efforts, repositioned, branded and let the products do the talking again. So, whether it is the colossal failure of Apple Inc.’s Newton or Google Glass and even the grounding of the mighty Concorde, there are lessons to unlearn. After messing up, the accomplishment with the same products is exhilarating. A few popular goods exist successfully today solely because they flopped in the past! Accomplishment is built on the foundation of failure as it happened in the case of Bubble Wrap. It succeeded when IBM used it to protect their newly launched product to be transported outside the city. The same failed miserably when launched as a textured wallpaper! Yet, as a protective covering, popularly known as Corning Gorilla Glass, it thrives till today! The gaming company Nintendo experienced abject rejection of the Famicom console in 1985. As two popular figures named Mario and Luigi became famous, it altered the gaming landscape in America by 1987. The rest they say is history. What are you afraid of? Are you suffering from a slump? Let’s rebuild your network marketing business. Your MLM success could depend on a new roadmap.

Wake up your team

Let’s assume you started off the business with a bang a few months ago. Now the entire team is like dead fish in the pond. Don’t lose heart, begin by nudging the team out of coma or slumber – whichever may be the case. As mentioned earlier, it is crucial to make an in-depth analysis of why the entire team lost the initial steam.

You may come up with a few rational reasons like:

 

Pursue MLM success strategically

The above chart would undoubtedly provide a faint idea about how/why things went downwards. Honestly, before blaming others, have you reflected wrongdoings from your end? Why were you unable to compete with the fastest growing MLM companies in your category? Answer to these questions will definitely throw up exciting insights on failure. They will also encourage you to pursue a useful model to build a better network marketing business. The revival strategy should also abet in long term survival. Be inspired by the ones who have failed and resurrected. The same level of motivation should be applied to shake the team to work in earnest. Go beyond your leadership skills to get them moving in the right direction with a roadmap. Without planning, you will sabotage your self worth and deny a profitable side to MLM business.

Chalk out a clear cut roadmap

This process will reveal the networking marketing successes through best practices. Pay attention to what does not work for you and the team! This includes challenges with the upline and cross line depending on the business model you choose. Is your downline rebelling and needs to be mollycoddled? Focus on the relationship with the company you are working with or owning a part of it. The strength of associations, contacts and communication depend on how much ‘oil’ is used to grease them. To get positive results to treat the business as a ‘moving target’, a complete focus during the journey. The roadmap should be at least planned for the next five years to achieve small and large targets.

MLM is not a pyramid or Ponzi scheme

Just like many businesses, MLM thrives on the effective use of networking channels. If you have to learn how to succeed in multilevel marketing, it is essential to appreciate that it is not a Ponzi scheme to cheat people. It is legitimate, and if you are a serious MLM business owner, it is a productive occupation. One of the major advantages associated with it is that you can work from home. There is no need to invest a large capital sum and have an office infrastructure. Many couples use innovative network marketing strategies to build contacts and expand their nexus. To achieve a comfortable zone, being trained by experienced leaders is critical. Take care to know every detail about the products before entering the market to sell. People who take this seriously know better how to succeed in network marketing. Once you see the value of the product, you can identify who will benefit from it. For example, if skincare routines are your forte, you will certainly keep an eye on what new item is coming soon. It will give you the edge to remain in the market as you break the news in the circle or team. Those who share an equal interest will connect and try to share the same with others. The interest remains alive, and you are the primary motivator. A wrong business model would be one where recruiting is done only to earn money. Such a scheme ruins your chances to survive. It is best to run in the opposite direction if the existing company uses this scheme to do business. However, if it pays based on sales and production, then you and your team can survive for long.

Organized network model prospers

The MLM industry is quite regulated and also very organized in comparison to other sectors. With the introduction of several MLM types of payment structures, each person involved is paid on time. Every independent distributor who works according to the selected business model earns commissions as per well-defined company rules. If you have failed earlier, one of the reasons relates to corrupt organization or connections.

Importance of undergoing network marketing training

When you have decided to return to the business after a long time, things change. As part of the revival strategy, follow these simple multilevel marketing tips.

  • Write down definite goals to make yours one of the fastest-growing MLM companies in the next five years.
  • Prepare a presentation that will help prospects to understand the company, culture, products and business model adopted.
  • Gather your team to discuss the new roadmap for revival and survival. They may also add a few tips being involved in the same network.
  • Lead by example. When you take action, the team will also do the same.
  • Without training, members will continue to fail and become the weakest link. It will be disastrous too. When untrained members sell products to consumers with half-baked knowledge, they let loose misconceptions.

This business is not for everyone!

One of the best advice for multilevel marketing tips comes from experienced and veterans in the business. Everyone is not wired for this kind of work.

For an entrepreneur, career prospects in this business is tricky without through research. Profits come only by adopting a strong networking marketing strategy. Experience, training and soft skills add to the legitimacy of this trend. After failure, avoid any rude shock by keeping your flock together. It is okay to sell a dream but not adding the right expectations could be dangerous for any member. The reason why MLM success eludes some people are connected to unreal targets and lack of proper training. Without product orientation or upgrading skills periodically also hamper productive results.

Effective tools and software

During training programs or orientation, members are introduced to tools and techniques by any legit MLM company. Never underestimate their power for effective networking. Pay attention to training and learn to deploy the tools. The ultimate key lies in practising after the training programs. You owe it to the team to prepare them with these potent weapons before they enter the competitive market. Your connections and members also need to value these assets to make inroads. Know how the MLM software functions for payouts and commissions and make everyone involved understand its methods. These are essential network marketing tips to be aware of the team and your knowledge. The same has to be explained to new members so they are confident of what company they will be associated. A legit business works with transparency at all levels: dealing internally and with the customers. Moving further, the same promotes a good company culture, which is critical for the reputation of any organization.

What is a company culture like?

One of the most successful people in multi-level marketing is Ray Higdon. He is a significant influencer and shares his thoughts on the positive aspects of networking marketing. In brief, his concept of company culture hovers around how each member is respected. If a leader (i.e. you) constantly berate the team, it is bound to send negative vibes. Don’t call anyone a loser on the face before knowing why the performance of the particular person is low. Motivating each member is a vital task. During the training programs, it is revealed how much each member is fit for the work. A person doesn’t have to say it aloud (HE SUCKS). YOU WILL NEED TO RESPECT EACH ONE It is not essential for everyone to be on the same page all the time. But respecting the talents of each member is important. Each person works according to individual capacity and desire. If you are at the forefront of being a network marketer, then get members and reps to set the right example. Communicating with the right soft skills sustains the venture. It is a part of any company culture.

Proven strategies work best

There is no set formula for network marketing successes. However, a proven strategy works and gives 100% results. In the earlier attempts, experimental strategies may misfire but go on and find a niche that works. You now have a chance to study proven strategies that work to make MLM success authentic. Develop a few strategies that may bring results. In the revival phase, practice methods, techniques and tools that fit your business. If you know of someone doing it successfully and is also your competitor, follow networking marketing guidelines. Any approach that kick starts after network marketing training is an ideal ground to work. Each member of the team should be able to understand it and apply it to expand the links. Practising proven strategies add to productivity and motivate each person in the downline.

Build your network marketing business with values

Few decisive factors that bring additional value to your MLM business will always remain the same

 

 Survive by continuous learning

Once you have unlearned everything, it will be simpler to know how to succeed in network marketing. Some people are more than successful in the MLM business. What are their secrets? Well, they are continuous learners and performers. They rank high in the hierarchy because of a visible social media presence. What’s more, they support members of their ilk. By sharing useful tips, making youtube videos, and regular training sessions, they continue to be the best sellers in the market. Are you willing to enter into this ambitious category? Get ready to pursue new habits to be one of them. Begin your network marketing strategy with a new perspective. How about doing the following to rewire your prospects?

  • Rising from the ashes is not easy. Start early like the chirpy bird, every morning.
  • Change one habit at a time. As for the rest, add an action plan to existing practices to transform your mindset.
  • Create a plan for yourself; once it is successful, it can be sent to the team
  • Get family and friends involved too. It creates a healthy eco-system to restart the business.
  • Think of rewarding yourself when there is a change for good.
  • Enjoy smart networking skills to move ahead in business.
  • Do not get scared if you reach a plateau.
  • Before anyone quits try reasoning and putting them on track.

Concluding bellwether tips to build your network marketing business

 

Direct Selling News announced its 2020 Global 100 list of top direct selling companies in the world based on 2019 revenue.

Direct Selling News announced its 2020 Global 100 list of top direct selling companies in the world based on 2019 revenue.

The 11th annual DSN Global 100 Celebration will be one for the ages. Since it’s live event in Dallas was cancelled due to the COVID-10 pandemic, DSN presented a special video event on their website. Click here to watch the video replay.

“What is obviously different in previous years is our delivery of the Global 100,” said Todd Eliason, DSN Publisher & Editor in Chief. “We chose not to cancel the Global 100 Celebration because we believe it’s important and relevant to continue the tradition of highlighting the very best in direct selling.”

The DSN Global 100 list offers a unique perspective on the global impact of the industry on economic and social realms. It provides a range of mutual learning not only for industry members but also for researchers, investors and—most important—those seeking opportunities within the industry.

A New Twist on the List

The DSN Global 100 had previously listed 100 companies, ranging from $60 million to over $10 billion in revenue, each year. This year the 2020 list took on a new look, acknowledging 50 companies achieving more than $100 million in revenue for 2019. The purpose of the Global 100 list remains the same: to showcase the true impact of this channel on people’s lives as well as the economic impact direct selling companies make on the communities they serve.

During the video presentation, DSN also announced the winners of its annual Best Places to Work in Direct Selling as well as its BRAVO award winners for outstanding achievement and excellence in areas of leadership and revenue growth year-over-year.

This year the 2020 list took on a new look, acknowledging 50 companies achieving more than $100 million in revenue for 2019.

The BRAVO Growth Award winner went to Medifast subsidiary OPTAVIA, one of the fastest-growing health and wellness communities. Medifast/OPTAVIA achieved $200 million in growth in both 2018 and 2019. “This recognition is truly a reflection of our amazing coach community that tirelessly propels our mission—and in turn—our growth,” said Nick Johnson, President of OPTAVIA. “I’d be remiss if I didn’t thank them for their work as change agents and champions for clients throughout their transformation journeys.”

DSN also presented two awards for leadership. The first BRAVO Leadership Award winner went to Orville and Heidi Thompson, Co-Founders and Co-CEOs of Scentsy. “We’d like to take this opportunity to thank Direct Selling News for this honor,” said the Thompsons. “At this time of unprecedented disruption, we are proud to be part of direct selling. Our industry proves that as our economy shuts down, direct sellers get to work. For years we have talked about how direct selling is the original social network. Now we can add we are the original work from home workforce. The whole world can learn from direct selling.”

The second BRAVO Leadership Award winner went to Carl Daikeler, CEO of Beachbody. In 1998 he co-founded the Santa Monica-based health and fitness company to support others with their fitness goals as well as to find a solution for the obesity epidemic. Since then, the company has redefined in-home exercise with its fitness and weight-loss solutions, on-demand workouts and popular Coaching Network.

“Obviously, these are pretty interesting times to be a leader in, and to lead a company through,” said Daikeler. “We’re certainly working hard at Team Beachbody to help our field feel compelled to help people through these times. It’s going to be a time where having some financial independence and options are going to be key things for people, and I think that’s something the direct selling industry in particular is unique at providing.”

DSN thanks all the companies that willingly participated in the Global 100 as well as the dedicated team of researchers who helped present the remarkable achievements of direct sellers around the globe.

2020 DSN Global 100 (based on 2019 revenues)

The following contains the 2020 DSN Global 100 ranking for the which will be published in the June issue of Direct Selling News.

A few insights from this year’s list:

  • 48% of companies grew year-over-year from 2018 to 2019
  • 2 of the top 10 companies reported increased revenue
  • Six companies grew by $100 million from 2018 to 2019
  • Companies ranking 11-25, seven reported increased revenue
  • Companies ranking 25-50, 15 reported increased revenue
2020 RankCompany2019 Revenue
1Amway$8.4B
2Herbalife Nutrition$4.9B
3Avon Products Inc.$4.76B
4Vorwerk$4.23B
5Natura$3.66B
6Coway$2.59B
7Nu Skin$2.40B
8Tupperware$1.80B
9Oriflame$1.47B
10Ambit Energy$1.31B
11Pola$1.24B
12Belcorp$1.17B
13PM International$1.11B
14Jeunesse$1.1B
15Telecom Plus$1.08B
16USANA$1.06B
17Yanbal$885M
18Medifast/OPTAVIA$714M
19Arbonne$672M
20Team National$651M
21Miki Corp.$505M
22Scentsy$472M
23Plexus Worldwide$467M
24MONAT Global$388M
25Faberlic$385M
26Nature’s Sunshine $362M
27WorldVentures$335M
28For Days$308M
29Hy Cite Enterprises$306M
30Vestige Marketing$302M
31Noevir$286M
32Farmasi$250M
33New Image Group$243M
34Naturally Plus$242M
35ARIIX$230M
36LifeVantage$226M
37Pure Romance$225M
38Color Street$220M
38Menard$220M
40Noni by NewAge Beverages$200M
41Giffarine$198M
42KK Assuran$193M
43Immunotec$180M
44ASEA Global$170M
44MyDailyChoice / HempWorx$170M
46Mannatech$158M
47Southwestern Advantage$138M
48Elepreneurs$135M
49Usborne Books & More$119M
50Xyngular$108M
 

7 Network Marketing Trends to Watch in 2020 – 2025

7 Network Marketing Trends to Watch in 2020 – 2025

1. Hosting Parties On Social Media

You don’t have to spend a lot of money hosting parties as a network marketer. Instead, you can take your parties to the place people already love to hang out – social media. You can use Facebook, Instagram, and a number of other platforms to host your next event.

Make sure to post your event well in advance to generate some buzz for a great outcome. Now, if you’re still not convinced that videos on social media can boost your engagement substantially, then here’s a stat for you.

Facebookhas 2 billion active users worldwide, and generates 8 billion video viewsevery single day.

Consider hosting a Q&A event, interviewing industry experts, or unbox and share the products you are most passionate about. Give your audience a good reason to attend and they will.

2. Expanding to Global Markets

The internet has changed the world in so many ways.  Today, just about anyone can start their own business. And this is likely why more people are getting into network marketing than ever before.

And who can blame them? Home-based businesses have an 85% higher chance of success compared to traditional small businesses.   This is even more likely now that network marketers are effortlessly crossing international borders to expand their business overseas.

If you’re going to try and do the same, then make sure you become acquainted with the people and their customs. Your primary goal as a network marketer is to connect with your recruits. But you can’t do this if there are barriers so be prepared!

3. Automating Marketing with Chatbots

Yes, this really is a thing and it’s working wonders for network marketers. Marketing automation is likely one of the biggest trends you’ll find these days in marketing in any industry. The busier you get and the bigger your business grows, the less time you’ll have to chat with prospects.

But don’t let this deter you from bringing more people into your network. Chatbots are a great tool to collect leads and in some cases, convert interested parties into members of your team.

However, to get the most out of your chatbot, you should create scripts that are compelling and personalized. Segment answers based on the groups of people you’re targeting. Then you can generate answers and resource links to guide these individuals further along the path towards conversion.

It’s ideal to place these chatbots on your social media pages, as well as your website.

4. Connecting with Influencers

Influencers are still important, but the ones you should target look a bit different than they did a few years ago. You see, gone are the days of hiring celebrities to market your brand, and watching the sales roll in. Today’s consumers are trusting Kanye and Kim less and less.

In fact, 83% of people trust recommendations from their peers. And 70% of American adults trust non-celebrity endorsements. What this means is that you should connect with influencers who are genuine. They are the ones that have the authority today.

Target bloggers that are highly engaged with their audience and aren’t just in it for a quick advertising buck. There are lots of ways you can find and build relationships with influencers. For example, you can connect with them on social media and even write guest blog posts for their sites that link back to your domain.

5. Serving Your Downline is the Key to Success

You’re the leader of your growing sales team, and it’s time to start acting like it. As a network marketer, your goal isn’t to simply recruit salespeople. If you’re not leading the people in your network to success, then you all fail.

What you have to do is determine how you’ll extend this help to your community. Are you going to create a knowledge base on your website or inside the Upline platform? Or maybe create a YouTube or Vimeo channel offering sound tips and tutorials?

There are various ways you can educate your network. Some even go as far as to offer personalized coaching services.

Having a quality CRM in place like the free one Upline provides will help you build your downline and stay connected with them.

6. Network Marketing is Now a Full-Time Career

In the past, network marketing was seen by outsiders as a part-time job for stay-at-home moms. It was seen as a source of supplemental income, but the tide is quickly turning.

Roughly 20.5 million people in the U.S. worked in direct sales in 2016 (a 25% increase from 2012).

Why the massive growth? It likely has to do with the fact that more than 50% of consumers are now willing to purchase from direct selling representatives within the next year.

Today, we’re seeing more and more people taking network marketing seriously and turning it into a profitable career. This is great news as you continue to grow your network. With more serious, professional salespeople under your umbrella, the more sustainable your business will be.

 

Top 10 MLM Companies 2020-2021: Network Marketing Best New Startups To Join

Top 10 MLM Companies 2020-2021: Network Marketing Best New Startups To Join

In 2020, top MLM (multi-level marketing) businesses are about making customers healthier and improving their overall well-being. MLM in 2020 is also about giving the best network marketing salespeople the chance to set their own hours and work upwards towards bigger and better bonus opportunities. A top MLM company is a home business or a “work from anywhere” business you can join as long as you have a smartphone, laptop, and WiFi in 2020 and 2021.

MLM Allows You To Launch A Big Business On A Shoestring Budget

Network marketing provides an almost unparalleled lucrative opportunity to start your own business from anywhere with a proven business model and minimal initial investment. A low cost and low risk new MLM business is especially tempting in an economic recession or depression when other startup options aren’t viable. That means MLM is a smart move right now in our global Covid-19 recession with the Coronavirus pandemic limiting loans and reducing income potential for most industries.

While traditional franchises or other proven business opportunities cost an unrealistic 5-8 figures, top MLM businesses cost just 2-4 figures to get started and still offer tremendous earning potential. To be more specific, most network marketing businesses cost between $100 and $300 to get started and nearly all new MLMs are under $1,000. And you can start learning from your upline and growing your downline from Day 1 from the comfort of your own home or on the open road. The bigger your MLM downline, the more passive residual income you will earn every month! Any entrepreneur, investor, or business owner can tell you that passive income is one of the best things to have while pursuing your other business goals that require more time.

While there are always some questionable MLM companies and bad network marketers out there (as there are in all industries), there are plenty of great new business opportunities out there. The following leading MLM companies and direct selling businesses we’ve reviewed and rated are the top of the industry and will only grow as the year progresses with new network marketers making more money.

Which New MLM Company Is The Best?

Not all new MLM companies are created equal and not all network marketing businesses offer the same product sales or downline development opportunities. This isn’t the same old Top 10 list of boring network marketing businesses, but the best most up-and-coming new network marketing startup brands ready for pre-launch or outstanding opportunity in home business bonuses for 2020!

Top 10 MLM Companies 2020 – Best New Network Marketing Opportunities To Join

10. Vasayo 

Vasayo is definitely one of the top new MLM companies to look into for aspiring network marketers. If you’ve ever popped a vitamin and been doubtful of its effects, Vasayo is a network marketing company you might connect with. Using Advanced Delivery Technology, Vasayo claims that carrier agents and additives in mainstream nutritional supplements prevent the body from actually absorbing the micronutrients that you’re trying to take in.

This growing network marketing company claims to eliminate these inhibitors, offering capsules to deliver blends of micronutrients targeted towards different health issues, like poor sleep or weight management.

Founded a couple of years ago by seasoned husband and wife business team Dallin and Karree Laresen, Vasayo has a pretty standard MLM structure – the more you sell, the higher you rank in 2020. They offer landmark trip opportunities like cruises to their top members, and bonuses along the way based on how much product you sell.

9. Total Life Changes 

Another top MLM company that specializes in health and wellness is Total Life Changes (TLC). Newly rebranded and originally founded by Jack Fellon, TLC products are grouped into three main categories: Nutritional, Skin Care and lso Cafe. Their bestseller is a “revolutionary” detox tea made of herbs. The multi-level marketing products, like Iaso coffee powered by mushrooms and charcoal-activated toothpaste, feel accessible and have great reviews on Amazon. TLC network marketing has been growing for years and will likely continue its upward trajectory due to the exploding wellness market. When you join their MLM team, this network marketing company sets you up with your own website and you keep 50% of every sale in commissions. The more people you bring on board to this direct sales company, the more bonuses you’re eligible for. Eventually, TLC might even reward you with a car like a Mercedes in 2020.

8. Senegence 

The multi-level marketing business SeneGence is best known for its LipSense lipstick, which has ridden the Kylie Jenner wave (aka full, poofy, cannot-believe-they-are-not-surgical lips). Founded by Joni Rogers-Kante, a “single mother with a business plan” two decades ago, this top MLM company offers a great discount for sellers as well as a 50% commission on sales. The downside here of this direct selling company is that new network marketers need to invest a fair amount to get going – after the $55 buy-in you’ve got kits to buy so that prospective customers can sample your goods. The lipstick is reported to live up to the hype though – it’s semi-permanent and lasts all day long. If you’re into beauty trends and are social media savvy, this network marketing company is super relevant and won’t be going anywhere in 2020.

7. Dagcoin 

Dagcoin MLM markets itself as “The Most Usable Cryptocurrency in the Universe.” Dagcoin’s claim to fame is being faster than bitcoin, and easier for the layman to use. Founded by infamous Estonia-based European investor Nils Grossberg, the startup currency is only a couple of years old and is based around the idea that the more you invest, the more you earn (eg: if you invest $12,500 you’ll receive in 17,500 dagcoins). While Dagcoin doesn’t actually sell products to customers, its mission is to make cryptocurrency available to everyone in 2020, which is a noble enough cause and worth looking into for any modern network marketer.

Plus, you’ll get a 10% network marketing commission for every friend who invests in Dagcoin MLM. With all the extra money you’ll be earning with Dagcoin multi-level marketing, you have the opportunity to double or triple it at a crypto casino in 2020 or 2021.

Cryptocurrency is still a red hot growing industry, on par with or beating out CBD oil products, so combining crypto with MLM is a recipe for making major money!

6. Modere 

Originally founded as a direct sales company decades ago but relaunched just a few years ago as the startup brand Modere, this MLM company is all about eco-friendly products for health and home. Modere calls its MLM representatives “social marketers” and the selling structure is heavy on the bonuses, but you do get a commission for selling product and encouraging other social marketers and business bloggers to join. The branding is very strong and the product has some serious hype, especially the 3-pillar weight loss plan. They have a panel of “leading scientists, board-certified physicians and industry experts” who endorse their MLM products.

As a competitive player in the MLM wellness industry, Modere is definitely a leading network marketing company worth considering if you’re highly experienced in direct sales and passionate about sustainable health products in 2020.

5. doTterra 

Perhaps the best-known MLM company on this list, doTerra has benefited from the natural healthcare trend that’s swelled in the last decade. Founded over a decade ago by David Sterling and some of his peers, all veterans in the holistic health industry, doTerra made 5 million dollars in the first 5 years and has only continued to grow. This leading MLM company sells essential oils, and wellness products infused with those oils, like deodorant and shampoo. If you become a network marketer salesperson for them, you’ll get discounts on the products and you make a moderate amount on commissions. To find success joining doTerra, you would be smart to immerse yourself in a community of network marketers who are into the whole homeopathic industry, so that you can secure your position as their essential oil dealer in 2020.

4. Young Living 

Young living is another essential oils MLM company that wants to help people harness the power of essential oils to live happier, healthier lives. This network marketing founder, Gary Young, got into essential oils back decades ago on his organic herb farm. Today this network marketing opportunity is structured so that Young Living “Business Builders” can receive a commission on the product they sell, with network marketer opportunities for “experiences” and special recognition along the way. Young Living also has a list of semi-famous brand ambassadors like Tia Mowry and Alexa PenaVega, who give this multi-level marketing company a high-profile edge in 2020. “My wife loves the Young Living Thieves product. And for good reason, it’s a great product with a good scent”, stated Ben Tejes, co-founder of Thermal Bankruptcy News.

3. Valentus 

Known for its super coffee that promises weight loss, called SLIMRoast, Valentus was founded by Dave Jordan 5 years ago. The MLM structure here is pretty standard: 25% commission for network marketers that join (paid weekly) and bonuses as you move up the sales ranks. These network marketing products are for the customer that wants to be super-human; Valentus stands for “prevail,” and everything they sell promises a more resilient body. In addition to the coffee, they sell a keto creamer (the keto diet is very hot right now), immune-boosting supplements, and vials of energy called PrevalMAX. Valentus is the multi-level marketing startup company for health junkies who are constantly on the lookout for the next top MLM products in 2020.

2. New U Life 

New U Life is a top new MLM masterminds startup company that offers anti-aging products made with one key ingredient: a homeopathic human growth hormone. Consultants for New U Life MLM should be focused on customers in the 35+ age range, because the SOMADERM gel promises to bring your growth hormone level back to what it was in your 20s. Alex Goldstein, who founded the network marketer company in 2017, is a homeopath / naturalist who has worked in the natural foods business for 25 years. Retail commission for this multi-level marketing company is paid weekly and bonuses are placed as milestones along the way, so if you know enough people who are scared of getting old (let’s face it, we all are) you should have plenty of potential customers carrying on from 2019 into 2020 and 2021.

1. My Daily Choice & Hempworx CBD Oil MLM

If there’s one multi-level marketing trend that is guaranteed to blow up more in 2020 and beyond, it’s CBD oil, also known as cannabidiol. My Daily Choice company founder Josh Zwagil, who went into the MLM business several years ago, knows it. This top MLM company has two product lines: My Daily Choice network marketing, which offers sprays to promote general well-being, and Hempworx, CDB-infused oils for humans and CBD oil treats for dogs. There’s a whopping 30% to 50% commission offered for network marketer affiliates who start repping these CBD oil goods, and lots of opportunities to get bonuses as you sell more CBD product.

My Daily Choice CBD MLM claims to be one of the most efficient network marketing companies out there to join in 2020, eliminating “90% of the traditional overhead expenses” so that their CBD oil network marketing affiliates can put more cash in the bank.

New CBD MLM Compliance & Hurdles In 2020 & 2021

Just be aware that like other CBD companies, MyDaily Choice and Hempworx MLM are cracking down on cannabidiol claims being used in social media and digital marketing. This CBD network marketing business also actively enforce compliance around backlink building, MLM recruitment blog posts, and social media posts. Make sure you look into company compliance terms before you commit to investing in these MLM companies as your new network marketing business opportunity in 2020. While CBD is still a hot and growing market, it also continues to face the growth of criticism, regulation, and competition both in and out of the network marketing sector.

Also keep in mind that some governments, social media platforms and search engines don’t look favorably on CBD due to legal issues, exaggerated claims, and dubious sources… on top of the criticism that MLM companies face already. But with all that being said, CBD network marketing and direct selling businesses still have tremendous upside, even as the market becomes more mature and saturated.

Top MLM Runner-Up: Farmasi

Farmasi is a rapidly rising new MLM in the US this year, and could certainly be considered a top 10 contender in the network marketing world. Having almost 70 years of experience in Cosmetics and Skin Care, and being found in over 22 countries, the network marketing company prides itself on providing consumers with healthy products for every member of your family, created using both European and US Standards, they ban over 1,300 toxins from their products, are cruelty-free and dermatologist tested. Since the Farmasi network marketing company originated in Turkey and is a family owned and operated company, they have a vast product line and are introducing more products to the US as they go for their network marketers. This top MLM also has a very lucrative direct selling commission system that really allows people to excel in their business and work as much or as little as they want to based on their wants and needs.

This leading network marketing company is expanding quickly in the US, but since it’s still new here only about a year old, there is still plenty of room to grow and make a good MLM business for yourself. Beauty Influencers like industry leader Michelle Powell currently working the growing MLM business are extremely helpful and knowledgeable. Farmasi Beauty Influencers are willing to help any newcomer to the company whether they are a seasoned professional with MLMs, or brand new to network marketing. There aren’t any hidden fees with this top network marketing company, you get your own website at no cost, no sales quotas, and you get 50% of what you sell off of it. Plus when you order, you get 50% off your products. Then you can also qualify for additional tiered bonuses based on your sales and that of your MLMs downline group.

10 More Top MLM Business Runner-Ups For 2020

While the network marketing companies above were the top 10 MLM businesses to join in 2020, there are plenty of other lucrative or new multi-level marketing opportunities. Here are the ten best runner-up MLM companies and direct selling businesses.

1. Advocare
2. The Pampered Chef
3. Monat
4. LuLaRoe
5. It Works!
6. Shaklee
7. USANA
8. Vorwerk
9. Infinitus
10. Natura

Look into all of these top MLM and direct sales companies as well to increase your chances of network marketing success and making massive money!

Join A Top 10 New MLM Company Today

Of course, the biggest MLM companies of 2019, 2020, and 2021 are still network marketer stalwarts like Herbalife, Amway, Arbonne, Avon, Mary Kay, Natura, Vorwerk, Nu Skin, Tupperware, Primerica, Rodan And Fields, Jeunesse, and Market America to name just some of the perennial top titans of network marketing. But these top network marketing businesses just don’t have the energy, momentum or upside of the newer top multi-level-marketing startups mentioned above.

Maximize Your MLM Money Making Mission

Regardless of what new network marketing or direct sales company you sign up for, you always have the potential to earn massive income. If you’re just getting started in MLM, increase your chances of success and join one of the top new network marketing businesses and prelaunches today for optimal opportunity in 2020!

Thanks for reading our Top 10 network marketing company and pre launch list fellow and aspiring MLM masterminds. I wish you a productive and successful 2020 in network marketing full of strong sales and rapid recruiting. Double your downlines and dominate in direct sales today with the best MLM companies in the world!

 

Growth Of Network Marketing In India By 2020

Growth Of Network Marketing In India By 2020

The economic slowdown of India plays a crucial role that more and more entrepreneurs are thinking out of the box to opt for a wide-spaced and profitable business platform-“Network Marketing or MLM” business.

People in India are concerned about making money conveniently and simply, and the same is the major highlight of the network marketing business. People are too smart that they analyze the history, statistics report, or growth of network marketing business 2020 to know the past and future of the network marketing business.

The present condition of MLM or network marketing in India looks to be cheering and assures future success in the industry.

By comparing with the other developing countries, India is still standing behind to accept the MLM business completely. The only reason for this is the MLM scam running behind the network marketing business. The scams decline the Indian economy, but nowadays, the precautions are taken care of to get rid of MLM scams.

In this article, we will look into the growth of the network marketing business in 2020 in India.

Before looking into the Network Marketing future in India, we will briefly look into the history or evolution of the MLM business so that it gives a clear picture of the future or growth of the network marketing business.

History of Direct Selling

  • In 1886-MLM business has evolved in the USA during the year 1886 with the establishment of Avon.
  • In 1925– During this year, the direct sales volume increased to around 300 to 500 million USD.
  • Between 1940 and 1960– Many companies emerged based on the concept of multi-level marketing or network marketing.
  • In 1970-New products are being focussed on widening the MLM business. Product categories like wellness products, household products, food items started evolving to attract potential customers.
  • Between 1990 and 1996-Many major MLM companies like Avon, Amway, Tupperware extended their service globally to build massive customers for their MLM business. They started their MLM business in India, Korea, China.
  • This is how MLM business enters India. Now we will look into the growth of network marketing in 2020 in India by analyzing the up and down of the  previous years.

Growth of Network Marketing In India – MLM Business Ideas in 2020

Network marketing is one of the oldest and traditional businesses of selling products at multi-levels and forming an extensive network of people to promote the business. Nowadays, it is the best industry to stay profitable and started operating in more than 100+ countries with the massive size of the market. i.e. around 167 billion USD.

The direct selling industry in India seems to be promising in the yielded benefits. Yes, that is almost doubled in the year 2016 when compared with the year 2011. From the report of Assocham, it is evident that it will touch the record of around 159.3 billion in 2021. The average sale is increasing for each individual, and it is almost about $300 annually.

The study also depicts that the network marketing business has ample space for the marketers and can build the contributory platform to enhance the MLM business in India.

The study showed that the ranking of MLM business was increased from 22nd position to 20th position during the year 2015 to 2016. The top three markets during those years were the US, Korea, and China.

During the year 2015 to 2016, the sales volume attained a record of $183 billion globally. A huge number of people started joining the MLM business. Almost around 80 percent of the countries around the world started joining in the MLM business.

Though there was continuous growth over the years and the benefits contributed has enhanced the value of the Indian economy, this MLM business is less accepted in India due to the various schemes adopted in India. Sometimes these network marketing schemes involve a large expense to withstand this network marketing business. People in India faced unscrupulous network marketing schemes where they have not gained any profit with the MLM business.

As per the survey conducted during the year 2015 to 2016, almost around 50,000 people were benefited from the MLM opportunities offered by the direct selling companies. Various government schemes like Digital India, Make in India, Skill India supported the attributes and growth of network marketing business in India.

To enhance the growth of network marketing companies, the various guidelines can be implemented at different levels and policies. Policies like FDI ( Foreign Direct Investment )policy and consumer protection bill will offer a retaining environment for the MLM business.

With the above records, it is estimated that the Network Marketing turnover in India will reach a pinnacle of INR 645 billion by 2025. It has also impacted various social and economic factors.

#1. Passive Income Opportunities:

Network marketing business will offer opportunities for its massive customer base to earn passive income and micro-entrepreneurship is promoted. It is estimated that around 5 million distributors are engaged in the MLM business to earn passive income.

#2. Established Women Empowerment:

During the year 2013, it is estimated that it has employed around 3.4 million females as distributors of MLM business. Network Marketing business opens up the space for the women empowerment and established a strong future for the women to balance their time and work more effectively.

#3. Opportunities for SME’s:

Direct selling companies come up with the launch of new products and depend on the SME’s to enhance the features of their products. This provides opportunities for SMEs. the companies invest in the right SMEs to promote their MLM business with the new products.

#4. Enhanced Employment Generation:

As we have already seen that it provides passive income for the marketers, it also provides employment opportunities for a large number of people. Most of the time  MLM companies interact with various vendors to accomplish operations like packaging and distribution.

#5. Initiated Social Responsibilities:

Network marketing companies are outstanding in supporting social responsibilities. The projects carried out by some significant MLM companies play a crucial role in resolving the social impacts.

For example, Amway’s Sunrise project and Avon’s Breast Cancer crusade.

#6. Contribution to the Government Sector

Since the MLM companies generate a huge tax to the government. It helps in improving the Indian economy with its huge revenue. During the year 2013, the tax generated was around INR10 billion. It also contributes to direct and indirect tax.

Conclusion

From the above statistics, details, it is evident that the MLM industry has excellent potential to develop more success in the future of Network Marketing in India. It has impacted the social as well as economic parameters in India. It is estimated that it will reach around 159.3 billion in 2021 and INR645 billion by 2025. Easily we can conclude that growth of network marketing in india is very promising.

 

What is Network Marketing?

What is Network Marketing?

Network marketing (also known as multi-level marketing) is often wrongfully associated with the pyramid structured schemes but its functionality is a little different from pyramid structure organizations.

Network Marketing – Types & Examples

What is Network Marketing?

Network marketing (also known as multi-level marketing) is often wrongfully associated with the pyramid structured schemes but its functionality is a little different from pyramid structure organizations.

It is a direct selling method where the company’s products and services are sold by the group of independent salespeople, these people create and manage a link or chain by recruiting and training others. It means every time a sale is made, all the upper-level chain members get their commission out of it. The interesting thing is that those sale people aren’t employed on a salary basis; sale personals earn money

  • Either by direct selling or sale made by other members
  • Or recruitment of new members & making the chain bigger, the longer the chain is, the more money you’ll earn.

How Network Marketing Works? 

There are many names for network marketing; for instance, affiliated marketing, cellular marketing, direct-customer marketing, referral marketing, home-based business franchise or multi-level marketing.

Mostly networking marketing business model creates different types of tiers such as, single tier, two-tier and multi-level marketing. Now, we’ll discuss them one by one;

Single-Tier Network Marketing

Single-tier network marketing is very simple, you sign up for the program, then you start selling the company’s or services and get your commission based on your sales. However, it doesn’t require you to recruit other sales agent to do the work for you. You just have to focus on your sales and customer relationship building.

Betterware, Kleeneze, Avon, beauty cream company follows this single-tier marketing. Some online platforms also follow the single level marketing where you drive traffic into their website and get paid like pay-per-click (PPC), or pay-per-lead (PPL).

Two-Tier Network Marketing

Double-tier or Two-tier network marketing requires from its members to recruit others. In this model, you get paid both ways; direct sale of product or service (or bringing traffic into their website) and recruitment of other members to work under you. Ken Evoy Site sell is a very good example of two-tier network marketing.

Multi-Level Marketing

As the name implies multi-level marketing (MLM) involves two or more tiers and it’s based on the distribution marketing based network. MLM allows its members to earn money when the tier is five or more times deep and there some other incentive for recruitment. It has two other types of network strategies like name-driven network marketing and market-driven network marketing.

Characteristics of Network Marketing

Some of the important characteristics of network marketing are as follows;

Low Cost

Even though we’re living in the 21st century, the age of information & technology, still the cost for starting, running and managing a business is very high like taxation, registration of a new business, monthly overhead, documentation, administrative expenses and so on.

On the other hand, the initial cost for network marketing business is very low as compared to the other regular type of businesses. Even starting a business with a very low budget through this model, you can compete with the other global multibillion-dollar businesses like McDonalds. Amazing, isn’t it?

Flexibility

Time flexibility is the most important feature of the multi-level marketing business. It starts with the part-time business while you keep focusing on your full-time job. Time flexibility provides you an opportunity to learn and grow while keeping your financial side secure until your business is fully established.

A team comes when you’re in a position to quit your full-time job. People with families and having no business experience use this approach. They become very successful businessmen with the passage of time.

Self-Accountability

Having said earlier that network marketing is a non-salaried based business, which means the more you contribute, the more you’d earn. It’s a platform that trains people to be self-accountable of their own performances.

Direct Sales

Like many other business, product goes through a chain of distribution and then finally reaches the consumer.

Through this model of network marketing, there’s no channel involved, sellers are non-employed people who receive their commission when the product is sold over time.

Organizational Hierarchy

The hierarchy of network marketing is very systematic. Like you’d only receive your commission when you recruit a new member who will work under you. However, the new member would only get his commission, the same way when he would also recruit other people. That’s how a link or chain is established and system of hierarchy is developed.

Proven System

The functionality, hierarch, and channel of distribution of every business is different, which takes so much time to learn and set up your business.

 

MLM PLANS- VARIOUS MULTI-LEVEL MARKETING PLANS

MLM PLANS- VARIOUS MULTI-LEVEL MARKETING PLANS

According to the modern Multi Level Marketing System or MLM Strategies, there are a number of network marketing plans you can choose from. We offer the best and the customized MLM compensation plan for all MLM compnaies to run their MLM business more effectively. To understand the MLM structure, we offer a free demo for each MLM plan. Learn about the different multi level marketing plans and choose the best MLM plan for your MLM business.

WHAT IS BINARY MLM SOFTWARE?

Binary MLM Software is a web application that helps to manage binary networks such as to keep track on downline’s incomes and expenditure. It reduces the manual works done by the MLM companies.

How Does The Binary MLM Plan Work?

A Binary compensation plan requires each member to recruit and sponsor two other members to join the plan, that can potentially lead to a fast expansion of the network in a relatively less amount of time.

In the front line of the binary network marketing plan, there will be two legs, Left and Right. However, if a recruiter hires more than two members, the new member will be added to the next available position in the power leg. This allows a new member to be shared between all downline’s power leg, nevertheless of who recruited them. This process is known as spillover. But in the case of the profit leg, there will be no spillover because the profit leg will only grow with the individually sponsored downlines.

One of the main variations of the Binary Technique is that it is quantity inspired in contrast to level inspired. This also indicates there is an inspiration to help new affiliates in your organization.

How Does Commission Calculation Work?

The binary system network marketing plan is referred to add more sales to the downline members who benefit in increasing bonus and gaining profit. In the Binary MLM Plan, commission calculations are carried out based on business volume points, not levels. A binary compensation plan calculator or MLM binary calculator will empower you with the necessary binary calculations at your fingertips to facilitate in better decision-making.

Commission Based On Weak Leg

In a Binary MLM Plan formula, a commission is calculated based on whichever side a team or leg has the least amount of volume. The percentage will be calculated of that least amount of volume and every member will get paid based on that, so the profit margin depends on how your downline team members make sales.

For example, if the left leg earns 500 points and the right 1000 points. Then, the commission will be calculated as 10% of the least amount of volume that is on the left leg, so, 10% of 500. And the right leg will have a carry point for the next commission.

A fully featured and efficient Binary MLM Software with a binary compensation plan calculator or MLM binary plan calculator helps to manage all these commission calculations.

Introducer or Sponsor Bonus

The introducer bonus or sponsor bonus or a referral bonus is the profit which the user gains by recruiting new members to the downline network. For every direct referral, a user or recruiter will get paid with the referral bonus. The sponsor bonus will be calculated based on the percentage of the predefined amount by the company.

 

Understanding The 4 Different Types Of Network Marketing Companies

Understanding The 4 Different Types Of Network Marketing Companies

Network Marketing is a lucrative multi-billion dollar industry that has become the saving grace for many of the worlds “income seekers” during these rough economic times. If you’re considering partnering up with a company, you’ll find that there are numerous types of niches that exist within the Network Marketing Industry that fall under four main categories.

Below is an overview of the four main industries and what they offer to partnering reps:

 1.Health and Wellness

The most common niche that exists in the Direct Sales/Network Marketing Industry today is the health and wellness niche. This industry is considered to be the most popular since more and more people are starting to become health conscious, along with the influence of the aging Baby Boomer population.

These products are highly consumable and have a wide appeal to the masses. They are usually called “alternative medicines” due to their ingredients consisting of natural herbs.

The Health & Wellness products generally promote improving body ailments, enhancing the energy and body’s immune system, while others even promote rapid weight loss without negatively harming the body.

This niche is big on autoship, direct sales and consumable products.  Working within this niche will allow you to build up a large residual income if you have a great deal of sales reps focusing on customers who consume the products and commit to autoship.

2. Cosmetics and Personal Care

Following the trend of health and wellness is cosmetics and personal care. This niche focuses primarily on direct selling and consumer products as well, but instead of dealing with products to benefit your health, they deal directly with the image industry.

Make up and personal care product companies are designed to simply help you look your best. While health an wellness helps you feel your best, Personal care companies help you look your best.

Personal care product companies provide full marketing tools and training for specific product lines that are introduced to the market. The product line is promoted by throwing home parties, demonstrations, and business opportunity meetings. While health and wellness focuses more in recruitment, the compensation in cosmetics and personal care comes from the total number of products sold within a specific time period.

 3. Internet Marketing Companies

Since the advent of the World Wide Web, more people are becoming Internet savvy and are seeking ways to financially benefit from it. With this Internet Marketing Revolution, network marketers are starting to switch to online marketing to promote their products and services.

As the world gets more comfortable with making purchases online, a new niche of Network Marketing industries has surfaced, and we will discuss two of these primary Internet Marketing companies below:

 A. E-commerce Companies

 These are Network Marketing companies that sell various products and services over the Internet. They range from clothing lines to books to various informational tools amongst other services.

One of the most profitable Internet businesses deemed by these companies is e-book selling. The cost to create an e-book is little to none, keeping overhead very low.

Another great benefit to Internet products is that they don’t even have to pay to ship the products to the customer, thanks to digital downloads. Once purchased, the product can be instantly downloaded directly to the client’s computer, making the customer extremely happy and the company excited with pleasant profits.

Other types of downloadable information products include CDs and DVDs instruction guides and manuals, which these companies also provide as well.

B .Internet Service Companies

 There are also companies that specialize in selling internet services. Their business services focus totally on servicing the marketing with Internet tools like web hosting, web design software, auto responders, and e-mail marketing systems.

The market for this type of network marketing  company is virtually unlimited since millions of traditional businesses are now recognizing the internet as their most powerful marketing and promotional tool.

 4.Party Plans

Another popular type of niche within the network marketing industry is the party-planning niche. It is mostly preferred by stay at home parents seeking for part time income.

A party planning business only requires minimum investment to obtain your product demos, websites, and other marketing tools. Considered as the most family-friendly of all network marketing companies, this business is a gratifying way to earn profits. By joining a party planning company, members get to enjoy flexible schedules and take pleasure from networking with various types of people.

There are additional niches within the network marketing industry that we didn’t cover here like the traveling niche, investments niche, energy companies and motivational and educational niches.  However, as you continue on your search to find the perfect fit for you, be sure to partner with one that you believe in and will enjoy! Either way, there’s so much to gain from this industry that you can only win when joining!

 

4 STEPS TO NETWORK MARKETING SUCCESS

4 STEPS TO NETWORK MARKETING SUCCESS

Do you want to become your own boss, work flexible hours and make money? Of course you do. One way to get to this stage in your professional life is via network marketing.

If you’ve heard of Mary Kay, Avon or Tupperware, you’ve heard of network marketing. These household names are all examples of this type of business, which can be a great fit for those with an entrepreneurial mindset. But what is network marketing exactly, and how does it work? It’s time to learn how you can get all the benefits of being a business owner without all the headaches and level of risk.

WHAT IS NETWORK MARKETING?

Network marketing in business is a model that’s dependent on person-to-person sales of a product or service. It involves developing a team of people who work together to deliver the product’s message to a wide range of potential customers. The leaders of these teams are compensated for the products they sell as well as the products their team members sell.

It’s also known as multilevel marketing, referral marketing and consumer direct marketing. No matter what you call it, these are businesses where the best entrepreneurs can succeed – and even find their true gift.

HOW DOES NETWORK MARKETING WORK?

You’ll start your network marketing business by signing up with a reputable company – some of today’s most popular are Scentsy, Younique Cosmetics and Young Living Essential Oils. You’ll typically receive a “starter kit” with promotional materials, supplies and other items you’ll need to get started. At first you’ll work underneath a sponsor who can show you the ropes, provide education and give you tips about the industry. Once you know everything there is to know about your product, you’re ready to start selling.

Most network marketing in business takes place face-to-face. All you need to do is talk to people! Let your passion shine through and use your communication skills and get people interested in your product. Here’s where the “network” part comes in: When you sign someone up, they become part of your team. You earn commission on their sales and on sales of any people that they sign up – and so on. The more passionate people you can find, the better.

STEP 1. FIND YOUR PASSION

According to Tony, network marketing is about “picking the right company and realizing you’re a value creator. Whatever you enjoy the most, you’ll do the most.”

STEP 2: CHOOSE THE RIGHT COMPANY

Passion is the most essential ingredient to successful network marketing – and choosing the right company that matches your passion is equally vital. You’ll need to research carefully to locate a business whose message, story and products or services capture your image and make you want to join their ranks. The network marketing business you choose must also have the following traits:

At least five years in operation:

Fifty percent of businesses fail within the first year, and 80% fail within five years. Signing up with a business that hasn’t had its doors open for at least that long is an additional risk.

Steady cash flow:

Network marketing companies with nothing to hide disclose their financial statements. Take the time to read the statements and ensure the business is well-capitalized.

 
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