Keep in mind that legitimate businesses will not promise you wealth beyond your wildest dreams, because most network marketers don’t come close to achieving the picture-perfect lifestyle of lavish houses and luxury cars guaranteed by some network marketing companies. While a handful achieve millionaire status, it’s far more common to end up spending more than one makes. Most network marketing people fall somewhere in between, carving out a modest income of a few hundred dollars a month—fine as a supplemental income, but not enough to live on.
Compensation varies with each company, but in most cases, representatives receive a percentage of their sales and the sales made by members of their downline. According to John P. Hayes, co-author of Network Marketing for Dummies (For Dummies; $21.99), the percentage of a representative’s own sales can be as much as 25%. Therefore, the more people you bring in to sell under you, the more you make.
“Fast forward 10 years or so from the home equity line of credit losing, after we had paid off our home mortgage, we were in the process selling our home and purchasing another home,” he wrote. “We had to close the unused line of credit. We had to get a satisfaction letter to move forward with the new home purchase. We were fortunate that we never had a need to tap into the line of credit for any purpose, including educating our children. While a home equity line of credit may be beneficial and perhaps needed by some we simply decided to live within budget and never had to use [it] for any purpose.”
Email Marketing: Email can be an effective way to maintain a connection between your business and its customers. You can purchase email addresses of customers and prospective customers, but the best results usually come from emails collected on your website. You can entice people to give you their emails through a quality free offer, such as a downloadable resource, called a lead magnet. Once you have their email, you can send a newsletter, special offers, and other information your target market would be interested in—as long as you follow laws and regulations around email marketing.
"Hi Jim, to say I'm impressed with your team would be an understatement. Being a serial entrepreneur for over 4 decades has brought me into contact with many companies and individuals that promise much but fail to deliver. In my relationship with everyone on your team. I've found a company of individuals that generate action and deliver results. Matter-of-fact my relationship with you guys has even changed my attitude a bit, I find myself walking in the office in the morning chanting 'I'm feeling lucky...'" Amanda W.
Here are some of the most interesting email marketing stats around. The Radicati Group says we’ll send and receive around 281 billion emails this year. According to Adestra, 78% of teens use email. Statista reports that 85% of US adults use email. Consumers like getting emails from the brands they love. But email senders have to respect the inbox. Email too often, or include the wrong content, and Litmus says some people will report your email as spam instead of unsubscribing.
You join a network marketing company. Most of them sell things like beauty products and healthcare products. Some of the bigger names are Amway, Avon, and Herbalife. They're are literally hundreds of different MLM companies. You do research and then join the one you want. Then after you join your main goal is to start to build a team. You do that by using things like warm lead lists, social networks, recruitment services such as MLMRC, emailing people, holding home parties and more. As your team grows, and they start using and selling products sold by the MLM company, you earn a royalty override from the company.
A 2018 poll of 1,049 MLM sellers across various companies found that most sellers make less than the equivalent of 70 cents an hour. Nearly 20 percent of those polled never made a sale, and nearly 60 percent earned less than $500 in sales over the past five years. Nearly 32 percent of those polled acquired credit card debt to finance their MLM involvement.
The World’s most popular and robust social media platform is a good place to start. Creating a personal Facebook profile, Professional Facebook Page, and/or Facebook Group will allow you to identify and stay in front of prospects, people you know, customers, and those on your team. See what other leaders are doing in your company to help guide your efforts while you get these up and running.