Network Marketing Training Today Big Bucks Later

Many people have made fortunes with network marketing online or also known as Multi Level Marketing or MLM. Somehow we tend to look at the word networking especially in business as something illegal or dubious in nature. But trends change over time and Networking is slowly getting accepted into the business scene. So the question is what is Network Marketing or MLM? And how can we improve our income with it?

Network Marketing or Multi Level Marketing is like a relationship business, it is about focusing on customers for your products or services or it is helping other people build their own businesses. As most of the early networking business, it is an unseen business and it is about sales.

In order to join a Multi Level Marketing Campaign, anyone can just invest a small amount of money and later on by building as much contacts as possible (Active contacts of course) you may achieve high levels of financial rewards. Network Marketing don’t have giant offices in large metropolitan cities, but according to surveys almost 14 million people in the United States are working in the Network Marketing Industry.

Network Marketing Up Close

Network Marketing usually offers reasonable priced products and services to customers. It works on a commission structure but is less up front than the direct sales companies. Independent sales persons called distributors represent a certain parent company and are rewarded a commission relative to the volume of products sold.

These distributors earn more money by developing their own active customer base, who buys directly from the parent company or through recruiting other independent distributors who would also build their own customer base, expanding the whole organization itself. Network Marketing also has a good benefit that most Direct Selling Companies does not have, and that is residual income. But what is residual income in the first place?

Residual income or also called as passive or recurring income is an income that continues to be generated after an initial effort has been expended. It could be compared to the royalties that inventors get whenever a company sells his own invention. One important aspect of residual income is that you continue to make money from the initial efforts that you made. With that free time you may be able to generate more residual income.

Network Marketing Training

Now that you know a bit of the Network Marketing system then maybe it’s now time to start your own Network Marketing business. Starting your own Network Marketing business may not be an easy thing, and most of the time it takes too long before your effort bear fruits, but don’t fret!

That is one of the common reasons why some people quit on network marketing. They think that because for a very long time they still don’t reap their residual income they think they are on the losing edge and quit. This is a wrong move, expanding your network is not a task that could be completed overnight, it is a long process that involves hard work and correct motivation.

For you to learn more over Network Marketing, it is always good to look for experienced as well as seasoned people involved in this business. There are good books in bookshops that offer tips and motivation in Network Marketing. There are also sites in the internet that offers online training for aspiring Network Marketer’s. With an open mind and a motivated spirit anyone can earn big bucks in this kind of business.

Retail Industry after Covid-19

Covid-19 has affected life badly in every aspect. Almost every industry has seen the devastation of lockdown. Nowadays lockdown and restrictions slowly removing and people are starting to come out. This is a good sign for retail businesses. Now let’s have a look at the changes in the retail industry after Covid-19 may look like:

Contactless Experience:
In this Covid-19 pandemic when social distancing had become a norm, automated services proved to be a game-changer in the retail industry. So, contactless experience is very important feature in all the retail stores. Retail owners must have to focus on the greater aspect of hygiene and cleanliness. Also, they are starting to take the order online and delivering doorstep.

Online orders:
After COVID-19 pandemic, now people are interested in online orders and payments. So, retail shops must focus on their online presence. BOPIS (Buy Online, Pickup in Store) become another popular retail strategy nowadays. Whenever is an order ready, then customers will get notifications and they can collect it from the store directly on the same day.

Digitalization:
With accelerating digital technology, retail shop owners are now starting digitalizing their shops. All shops are now interested in Point of Sale (POS) systems, a good POS system helps to improve the daily business operations and also help them to contactless experience. This includes reducing customer waiting time, faster scanning of products, accept different payment methods, real time reports etc. Previously, customer need to wait for receipts after payment, nowadays receipts can be delivered to the customer via email or SMS with the help of the POS. No one likes standing in a long queue for billing during this pandemic time. For overcoming this issue, you can use a point of sale system in retail shops. In short, a good retail shop POS system can help owners during this pandemic situation.

Network Marketing Through Direct Sales

Looking for a solid career to start from home? Network Marketing is a great way to change your profession and create a great stream of income for you and your family. Probably the biggest question is what do I market and what products or services are available in the internet marketplace. This article will touch upon the power of direct sales to move your business forward.

How do you find your niche?

Many Entrepreneurs look to Network Marketing to help them get a product they have created to the marketplace to gain access to potential customers. However, what if you do not have a product of your own to sell, what do you do to tap into this lucrative business model.

The first step is to sit down and start the research process. With the advent of the Internet almost anyone in the world can research companies looking to help with the selling process. Many marketers act as independent contractors and run their own business, many from home, to sell products. Their income can be derived from commissions on product sales and residual income from their downline or team members. Commissions, for non multi level marketing efforts, are usually the greatest source of income. Commissions will vary with distributors, however it is not unheard of to make anywhere from 10% – 50% on the product being sold.

Residual income can become a great source of additional funds for the network marketer. Essentially residual income comes from people who have purchased your product and depending on the product you are selling will be a team member. These members form a downline of recruits who will provide income to you for their selling efforts.

Direct Sales

Essentially the scenario presented here represents the direct sales aspect of Network Marketing. Direct sales efforts depend upon commissions to be the majority of your income. Multi Level Marketing or “MLM” depends upon your ability to recruit people to sell the product you are representing; this discussion will be for another article.

Both direct sales and Multi Level Marketing are viable ways to earn a legitimate income. My opinion is that direct sales are a better and more logical approach to earning a respectable income from home. There are a myriad of services and products you can represent. It took me close to five months of research to locate a product that I was comfortable with and a company I trusted and respected. One huge advantage of pursuing direct sales as a career is the ability to build personal relationships in your customer base. Unlike many retailers, direct marketers build trust and loyalty with their customers and team members who can only enhance you ability to build your business. Clients, who feel a bond with you and your product, even though something cheaper and flashier may come along, will reward you and your efforts over the long term.

In conclusion, depend upon your gut instinct and pursue the opportunity that excites you and allows you to enhance your life. Do not let anyone bog you down with negative advice or opinions. Stay the course and accept the alternative way of creating wealth to the outdated corporate structure.

Christopher Benoit

http://www.DLRLLC.com