Multi level marketing or what we usually refer to as network marketing, actually offers a very profitable opportunity. There are a lot of companies that chose this method of selling, like the Body Shop, Mary Kay, Amway and the like.
The only real skill you need here is to be really good at selling the product. If you think you aren’t because you’re shy, you need not worry. Selling may be a skill but it can be learned for multi level marketing. Usually MLM companies give you the tools you need like training materials to help you.
Two ways of increasing profitability in multi level marketing
Here, there are two effective ways of earning money. Of course, one of them would be selling products to customers, while the second is recruitment. In selling products, what you really get from it is a percentage of the products you sell, much like a commission. For recruitment, what you basically do is recruit other sales agents. For every sale your agents make, you also receive a commission from it.
It may sound easy, even quite promising, in fact. But don’t be fooled, it may seem easy to do but don’t believe anyone if they say they have an easier way. Everything requires effort to truly earn in multi level marketing.
It is possible that you create your own strategy in MLM like building a network of sellers, but it isn’t something easy to do. You have to work for it too. It takes time and effort, sometimes even longer. But if you want to succeed in multi level marketing, or any profession you would understand that nothing worth having ever happens overnight.
If you’re already good at selling things, then MLM may just be your best bet in your money making arsenal to get richer.
Choosing a multi level marketing company
There are a lot of products to choose from in multi level marketing that will help you make more money. So as a first step in choosing a company, choose one that sells a wide range of products that you would like. Your MLM company of choice has to be something you are interested. It must be something you will use personally. It has to be something even you would buy for yourself.
In choosing a multi level marketing company, you have to understand that location is important. You don’t want to sell a product that already very popular in your area. You don’t want to have to compete with everyone in the town. It would be risky.
Your multi level marketing company must be able to equip you with everything you need and everything you need to know, especially if you’re a beginner. You have to be able to know the basics, and get some advice and training from experts. You have to choose a multi level marketing company that fully supports its agents and have a great network that encourages and inspires.
What’s great about it is that it does not have any qualifications whatsoever. You can choose whichever company you want. So after using all this criteria, you can now choose the multi level marketing company that’s right for you. You would have to go there and first purchase their basic kit. It provides you with a short training guide, catalogues and other start up packages that you will need. Some companies require you to buy the products first, but you there are some companies that don’t do that. What’s common to all multi level marketing companies though is that you are expected to pay the samples you’ll use.
After all that, you are good to sell. You can now sell your products virtually to anyone like friends, relatives, co-workers and the like. There, you will have to brave the tides that come your way. You have to accept that not all people will be interested in what you sell. You have to be ready for rejections, and adjust quickly to gather bigger opportunities.
If you are good at selling, you can make up to $200,000 a few months after starting your multi level marketing career!
Here are the pros and cons:
- You meet more people
- You have flexible working hours
- You have a network of support
- You have a ready made business
- Diligence, time and effort is required
- Risk of losing friends
- Start up expenses