Network marketing is a serious business for serious people. It's a proven system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.
The real key is this: Network marketing is all about leverage. You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. J. Paul Getty, who created one of the world's greatest fortunes, said "I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts." This very basic concept is the cornerstone of network marketing.
For example, most successful people building a network marketing business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.
By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.
With network marketing, there are no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed. Network marketing is a low-overhead, home based business that can actually offer many of the tax advantages associated with owning your own business. Network marketing is a people-to-people business that can significantly expand your circle of friends. It's a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.
Read the entire article: https://www.entrepreneur.com/article/35744
What is Network Marketing?
Network Marketing uses independent distributors to move a product or service. Word-of-mouth marketing is a powerful and effective method of marketing and is more efficient than traditional distribution channels because it cuts out the middle man and uses those marketing dollars to pay distributors directly.
Network Marketing Facts
Amway started the industry in 1956. The industry has sustained growth over the last 60 years. In 2014, worldwide retail sales were $182 BILLION with North America ranked 2nd and contributing $36 billion to the total. (Asia/Pacific was the #1 market with $81 billion in retail sales.)
Approx 100 million people worldwide are involved in Direct Sales with 19 million people within the United States. Within the industry, 74% are women and 90% of people are part-time working 5 to 15 hours per week. The network marketing industry is expected to DOUBLE in the next decade. This 10 year growth will be more than the last 50 years.
The 10 largest network marketing companies generated a combined $46 billion in annual sales with 6.5% annual growth.
On a worldwide basis, the network marketing industry pays out $71 billion in annual commissions to its distributors. This represents $6 billion in monthly commissions and $200 million in DAILY commissions.
Direct Sales is the highest paying profession outside of professional sports and is responsible for more millionaires than any other profession.