WHAT IS A NETWORK MARKETING?
Consider a franchise operation like McDonald's.
McDonald's is one of the largest fast food organization in the world. They have more than 33,000 restaurants that serves more than 64 million people in 118 countries each day.
More than 80% of MacD's restaurants are owned and operated by independent business owners or contractors.
Now if YOU owned the mother-ship corporation,you not only earn money by selling burgers,fries and shakes from the 20% of the restaurants YOU personally own and operate..you also earn a tiny percentage on all the sales made by the entire organization including the other 80% you do not own or operation.Meaning you are now earning a LEVERAGED income generated by the time,talent and energy expended by the other business owners on your team.
here's another way to look at it..
Let's say you earn a $100 commission for selling a particular product ant it takes you two hours of "work"
to make a sale. Break that down and your time is worth $50 per hour. Put in a full 40 hour work week and you pocket a nice $2,000.
Let's also say you have spent some time"recruiting" a few people to join your team who also want the chance to earn $100 per sale and you earn a nice $10 check for every sale THEY make.
Over time you have built a team of 100 people.They each make 20 sales per week --independent of yours time and effort.
So perhaps a good way to answer the question: "what is network marketing" would be quote J.Pau\l. Getty,one of the richest men in this time:
I'd rather have one percent of the efforts of 100 people than 100 percent of my own efforts.
SUCCESS PATH IN NM -
THINGS TO SEE IN NETWORK MARKETING:
now you will get to know that company is legal or not(active or not).
2. PRODUCT : check whether product has high demand over large population or not. In other words see see the ease of business.
Consider a franchise operation like McDonald's.
McDonald's is one of the largest fast food organization in the world. They have more than 33,000 restaurants that serves more than 64 million people in 118 countries each day.
More than 80% of MacD's restaurants are owned and operated by independent business owners or contractors.
Now if YOU owned the mother-ship corporation,you not only earn money by selling burgers,fries and shakes from the 20% of the restaurants YOU personally own and operate..you also earn a tiny percentage on all the sales made by the entire organization including the other 80% you do not own or operation.Meaning you are now earning a LEVERAGED income generated by the time,talent and energy expended by the other business owners on your team.
here's another way to look at it..
Let's say you earn a $100 commission for selling a particular product ant it takes you two hours of "work"
to make a sale. Break that down and your time is worth $50 per hour. Put in a full 40 hour work week and you pocket a nice $2,000.
Let's also say you have spent some time"recruiting" a few people to join your team who also want the chance to earn $100 per sale and you earn a nice $10 check for every sale THEY make.
Over time you have built a team of 100 people.They each make 20 sales per week --independent of yours time and effort.
- YOU = 40 hours,20 sales,$2,000
- TEAM = 4000 hours,2,000 sales @ $10 each = you get $20,000
So perhaps a good way to answer the question: "what is network marketing" would be quote J.Pau\l. Getty,one of the richest men in this time:
I'd rather have one percent of the efforts of 100 people than 100 percent of my own efforts.
SUCCESS PATH IN NM -
THINGS TO SEE IN NETWORK MARKETING:
- LEGALITY CHECK : GET THE LICENSE NUMBER OF THE COMPANY. HERE ARE SOME STEPS TO CHECK LEGALITY OF ANY COMPANY.
- GO TO http://www.mca.gov.in/
- CLICK ON "find CIN" .
- ENTER registras of company (ROC) ex- ROC_Delhi,ROC_Pune etc.
- ENTER license number of that company
- CLICK ON "submit"
now you will get to know that company is legal or not(active or not).
2. PRODUCT : check whether product has high demand over large population or not. In other words see see the ease of business.
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