There's a huge
difference between network marketing and pyramid schemes. Learn the truth here.
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A: To help you understand what network marketing is, I must
first explain what it isn't. First, network marketing isn't a
pyramid scheme. Pyramids are programs similar to chain letters where people
just invest money based on the promise that other people will put in money that
will filtrate back to them and somehow, they'll get rich. A pyramid is strictly
a money game and has no basis in real commerce. Normally, there's no product
involved at all, just money changing hands. Modern-day pyramids may have a
product, but it's clearly there just to disguise the money game.
Network marketing is a legitimate business. First, it's
based on providing people with real, legitimate products they need and want at
a fair price. While some people do make a lot of money through network
marketing, their financial benefit is always the result of their own dedicated
efforts in building an organization that sells real products and services.
Pyramids are illegal and are based on taking advantage of
people. For a person to actually make money in a pyramid scheme, someone else
has to lose money. But in network marketing, each person can multiply his or
her efforts, skills and talents by helping others be successful. Network
marketing has proved itself as part of the new economy and a preferred way to
do business here and around the world.
Network marketing isn't about taking advantage of your
friends and relatives. Only a few years ago, network marketing meant retailing
to, and sponsoring people from, your "warm list" of prospects.
Although sharing the products or services and the opportunity with people you
know is still the basic foundation of the business, today we see more people
using sophisticated marketing techniques such as the Internet, conference
calling and other long-distance sponsoring techniques to extend their network
across the country.
Network marketing isn't a get-rich-quick scheme. Of course
some people do make large amounts of money very quickly. Many would say those
people are lucky. But success in networking isn't based on luck.
(Unfortunately, money won't sprout wings and fly into your bank account no
matter what someone has promised you.) Success in network marketing is based on
following some very basic yet dynamic principles.
Now let's discuss what network marketing is. Network
marketing is a serious business for serious people. It's a proven system where
the design, creation and expense the corporate team has gone through becomes a
road map for your own success. Just follow the simple, proven and duplicable
system that the good companies provide.
The real key is this: Network marketing is all about
leverage. You can leverage your time and increase the number of hours of work
effort on which you can be paid by sponsoring other people and earning a small
income on their efforts. J. Paul Getty, who created one of the world's greatest
fortunes, said "I would rather make 1 percent on the efforts of 100 people
than 100 percent on my own efforts." This very basic concept is the
cornerstone of network marketing.
For example, most successful people building a network
marketing business do so in an organized method. They work a few dedicated
hours each week, with each hour of effort serving as a building block for their
long-term business growth. Then they sponsor other people and teach those
people how to sell the company product and sponsor others who duplicate the
process.
By helping the people you personally sponsor to sponsor
others, you duplicate yourself. As this process continues, you create compound
growth that can lead to hundreds or even thousands of people coming into your
business. You leverage your time by helping others be successful and earn an
income from all their efforts.
With network marketing, there are no big capital
requirements, no geographical limitations, no minimum quotas required and no
special education or skills needed. Network marketing is a low-overhead,
homebased business that can actually offer many of the tax advantages
associated with owning your own business. Network marketing is a
people-to-people business that can significantly expand your circle of friends.
It's a business that enables you to travel and have fun as well as enjoy the
lifestyle that extra income can provide.
Credit:-
https://www.entrepreneur.com/
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