The-Toplist

Understanding how your business works Starting a new job or a new business always involves a certain amount of adjustment. There is a whole new culture to acclimatise to, new terminologies to understand and, of course, learning what your new role requires. Network marketing actually has more new things to understand than most forms of business, and it can be a little confusing. This section will provide a general overview of how network marketing businesses use terminology, how you make money from them, and their specific idiosyncrasies. While we can’t address the specifics for every network marketing business in the world, we can provide enough of an overview to give you an educated understanding of the key points of a network marketing operation. #19 Understanding the alphabet soup of your business #20 What is the ‘line of sponsorship’ and why is it important? #21 Compensation plans and bonus scales #22 Rewards and recognition #23 Ethics and conduct #24 Get to kno...

It is a business When you become involved in network marketing it is important that you understand that it is a business, a point reiterated throughout this book. Many people in network marketing never quite grasp the correlation between owning a network marketing business and owning a traditional business. Even though the way each goes about doing business can be vastly different, the basic principle that network marketing is a business never changes. To build any successful business requires an understanding of a number of basic principles followed up with commitment and good business practices. In this section we look at some topics that will set the foundations for you to go on and build a successful network marketing business. #9 Treat it like a business, not a hobby #10 Make a commitment and your chances of success will increase #11 Understanding the universal laws of business #12 Network marketing is a numbers game #13 You may not like everything about your ...

Choosing your network marketing business When contemplating entering any business it is important to do your homework, to determine the viability of that business and whether it is the right one for you. This first section covers a number of topics that you should consider as part of your decision-making process before becoming involved in network marketing. The message that shines through is that you can never do too much homework on any company that you are looking to work with. The more comfortable you feel with the company, the more commitment you will have and the more successful your business will be. If you are already involved, this section will also be valuable in reaffirming your decision or highlighting something that you had not taken into consideration previously. #1 Finding the right network marketing business for you #2 The good, the bad and the downright ugly #3 Networking versus pyramid schemes #4 Take your time and do your homework #5 Always get y...

Introduction on: ways to build a successful network marketing business In simple terms, network marketing is a network of people who have access to a range of products and services that are distributed through that network. Rather than operating via a shopfront, people can buy these products and services for personal use or to sell to others. Further to this, people can assist in expanding the network by inviting others to join the network, thus extending the concept to their sphere. Over time, and with more people introduced, the volume of products and services being distributed increases. Along the way, a portion of the profits on those products and services are paid to you and people in your ‘down-line’ (we’ll explain some of this terminology later). In time, the opportunity to create a regular income from a team of people using and selling products becomes a reality. Over the years, network marketing has attracted some less than favourable perceptions. The industry’s ...