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.
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.