Network Marketing Business Idea

Network Marketing, Direct Selling Expo & Conference, Dubai

linkvivallc 1/16/2008

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Business Summary:

In recent years, there has been a dynamic growth of independent direct sellers of products involved in network marketing, also known as multi-level marketing (MLM). Network marketing is a distribution method used by manufacturers and providers of services to access nation-wide markets through grass-roots, one-on-one, and face-to-face selling. This method of distribution can save millions in national advertising campaigns and provides a selling channel of innovative and quality products without high markup prices from retail stores.

Individual network marketers not only sell the products and services, but they also recruit additional network marketing sellers to work under them as a growing team. The more sellers that a network marketer has on his or her team, the more widespread the potential customer base becomes; therefore, the prospect for incremental and substantial monetary increases from the residual income of your network.

Network marketing allows you to earn income while working at home with flexible hours. Your skills as a direct seller of products to other individuals, as well as recruiting other sellers, can reap huge financial rewards.

Start Up Cost: $100 – $1,000

Can Be Home Based?: Yes

Can Be Operated Part Time?: Yes

Skills Required:

Individual network marketers must have a fun, outgoing personalities, who enjoy meeting and talking with people face to face. An ability to convince and persuade others is extremely helpful in becoming a successful network marketer.

Many successful network marketers are good event planners who host demonstration “parties” for friends and acquaintances. These fun events usually result in sales for the host and interest from others to become a direct seller as well.

How Much Can You Earn:

The amount of money you can earn as a network marketer is directly related to the drive and entrepreneurialism spirit you put into your business. Many direct sellers of products earn extra income of a few thousand dollars per month, and a few of the motivated network marketing sellers with a host of teams working under their supervision can earn six figures per year.

Understanding Customers:

Marketing Strategy: Research and evaluate direct selling companies and the products they sell. Most can be found online. Find one that offers products or services that appeal to you. Having a passion for the product or service in your network marketing business helps you enjoy selling more, and makes it easier to convince others of the quality.

Requirements: The appeal of network marketing is that there is no formal education or prior experience required. The individual direct seller of products becomes his or her own boss and arranges working hours to suit their home and family needs.

Start up costs and requirements for direct selling of products or network marketing can be very low. Usually a small investment in a sales and training kit is all that may be required from a manufacturer or service provider. Inventory for product is not usually a requirement to begin selling directly, as you simply take orders for products that are drop shipped directly to the consumer.

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