How do you become successful in network marketing?

Is network marketing legal?

Published on October 25, 2021

Network Marketing is not a get-rich-quick scheme. But some people manage to become successful in network marketing. So, theoretically, can anyone become successful in network marketing?

Numerous people succeed in network marketing and some make large amounts of money quickly. Without verification, one could quickly say that these people are lucky. But if you look closely, you'll find that networking success isn't based on luck. Success is mostly the result of following some very basic principles.

Network Marketing is always a serious business for motivated people. It's a proven system, with a roadmap to help you become successful. It is important to understand that you must not reinvent the wheel but simply follow the proven and duplicable system.

The key to success in network marketing is leverage. You can use your time and also increase your working hours to earn more. But you can also build a team that you motivate, guide and make successful. Successful networkers prefer (and more safely) to earn 1% commission from 100 people than 100% with their own sales. This very simple insight is the basis for becoming successful in network marketing.

Discipline and organization are the basis for success. Successful networkers put in a dedicated few hours each week, with each hour of effort serving as a building block to their long-term business growth. Then they sponsor other people and teach those people how to sell the company's product and sponsor others who duplicate the process. By helping the people you personally sponsor sponsor others, you duplicate yourself. As this process continues, you create compound growth that can result in hundreds of people joining your team. You use your time by helping others to be successful and earning an income from all their efforts.

Is Network Marketing a Good Way to Become Successful?

It might be tempting to join an MLM to earn some money on the side. It can also be a stepping stone to starting your own business. But before you start, you should honestly answer the following questions for yourself:

  • How much do you have to invest to join the MLM (starter kit, training fees)?
  • How much do you have to sell to earn the initial investment?
  • How much do you have to sell to even get commissions
  • How much time do you have to spend to earn commissions?
  • Musst du monatlich einen Mindestumsatz erzielen?
  • Was kosten die Produkte für die Kunden? Bieten die Produkte einen Mehrwert?
  • Are the products good value for money?
  • How many people are already MLM partners in your area? It might be difficult to sell the products in your area if you have too much competition.
  • Do you need to build a team to make money?
  • Do you need to harass friends, family or neighbors and persuade them to buy?
  • Do you have to recommend products with "false" claims that are not scientifically proven?

You should be able to answer these questions for yourself. Of course, you can also ask them to a representative of the network marketing company. But remember that it only benefits if it manages to convince you and you may not get full and transparent answers.

But there are also providers who answer these questions of their own accord (unsolicited) and thus stand for openness and honesty.

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Network marketing

With network marketing, there are no large capital requirements, no geographic restrictions, no required minimum quotas, and no special education or skills. Network Marketing is a low overhead business that offers many benefits from working from home. Network marketing is a person-to-person business that uses referrals. It's a business that allows you to travel and have fun, as well as enjoy the lifestyle that extra income can provide.
Before you join a network marketing company, you should be realistic about how much money you can make and how much time you need to put in to make that money.

Also avoid network marketing companies that make unrealistic claims that you can "get rich quick". If something sounds too good to be true, it probably is.
Selling to family/friends
You should also consider the impact this will have on your relationships with friends and family, especially if they make up the bulk of your customer base. As soon as your conversations are only about your products and every conversation is perceived as a sales pitch, you will probably no longer be invited to an event at some point.
Recommend only what you identify with
Before you get blinded by potential earnings, focus on the products you're selling. You can't recommend/sell anything that you don't identify with. Work with a company that has a product or offering that you're passionate about.

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