Networking explained

[Phoenix]

An extract from the book The Formula for success in Network Marketing by Chris Taylor.
Network marketing is the best industry in the a World. I view it as the people's franchise. There is no other industry that touches it. Your business start up costs are minimal, you work it part time around a job or other commitments and there is no financial risk to yourself or your family.

The concept of network marketing is brilliant. The parent company takes care of the corporate side of the business for its Distributors, ie, product purchases and development overheads, premises, deliveries, etc, so that we, the distributors, can concentrate on income generating activities. The parent company is a warehouse and they excel at that side of the business. Can you imagine what it would be like if you had to hold stock and work out what sells and what doesn't sell, as you would if you owned a conventional business. As a distributor you have no stock, no staff and no special premises.
Distributors sell the parent company's products and find new distributors to sell the products. The company then pays it's distributors the money a conventional business would use for activities such as advertising on TV and in newspapers, branding their products and the salaries of sales reps because these are the activities which are undertaken by its distributors.
Essentially a network marketing company pays a significant percentage of the money it receives from the sale of its products to the distributors who sell them.

 

[Jon]

I think these sort of things are great as long as you accept that you are giving them money each time you put in all the effort. I suppose though really it is no different than Ebay where you sell a pair of socks and ebay take a fee and THEY have made a profit there all from your making the auction, dealing with any questions and posting the item out to the buyer.

The big plus I see is like it says in that quote that you don't have to house any stock and you could really sell anything that is available.

 

[Phoenix]

There is certainly a wide choice of products that can now be purchased through a Network Marketing Company. Even Virgin and Sodastream are now looking at Network Marketing as a more effective way to distribute goods or services.
Also you can earn a weekly and monthly income. Like with Phoenix Cards, if I collect weekly orders, I can pay myself a weekly income. And qualify for a monthly bonus from the company. Also many Network Marketing companies offer fantastic incentives, free products such as IPad minis, Holidays in the sun and cars like Mini Coopers or BMWs. But there is also the fun side to it as well and making friends with like minded people.

 

[Jon]

Yeah It's like I said to you at the start of all this - The times of knocking on door after door have basically gone virtual because of the Internet and the fact you can reach those doors without actually going anywhere.

 

[Phoenix]

The internet is AMAZING, it's made life so much easier. I remember belonging to a Network Marketing Company any orders either had to be posted or phoned through now can do it all online. Also social media has changed our lives too.