How To Do Network Marketing In Online? (A New Era For MLM)
Are you involved in Network Marketing Business? Or Thinking to start?
But chances are very high your up line will train you how to do business around your friends and family.
Do you think you will not get any problem to do a business like this? Most of the time friends and family don’t want to involve any of this business. And, in case if they come, how long you could continue your business around them?
Doing Network Marketing online could be the best way to resolve it.
In this article, I'm going to share with you some cool features which will help you to grow your Network Marketing business at the next level but before that let's find out some basics.
What Is Network Marketing?
Network marketing is also known as multi-level marketing is a kind of business that promotes a product or a company by recruiting other people to join and sell the products. If you become a member of network marketing, you have to invite others to join the company and buy the package included in the business, so your group will grow and start to earn big income. The goal of network marketing is to expand by means of selling products, referral, franchising or home-based business. People who are looking for a part-time job grab this opportunity.
The birth of network marketing or multi-level marketing has no definite explanation; but multi-level marketing style businesses started in the 1920s, 1930s California Vitamin Company,(later named Nutrilite) or California Perfume Company which now popularly known as “Avon Products” .
According to the Direct Selling Association (DSA), a lobbying group for the Network Marketing industry, reported that in 1990 only 25% of DSA members used the network marketing business model.
By 1999, this had grown to 77.3%. By 2009, 94.2% of DSA members were using it, accounting for 99.6% of sellers, and 97.1% of sales. Companies such as Avon, Electrolux, Tupperware, and Kirby were all originally single-level marketing companies, using that traditional and reliable direct selling business model (distinct from MLM) to sell their goods.
However, they later introduced multi-level compensation plans, becoming network marketing. The DSA has approximately 200 members while it is estimated there are over 1,000 firms using multi-level marketing in the United States alone.
How Does Network Marketing Works- (Traditional System)?
Network marketing companies offer a business kit that included products, training, and membership. If you want to become a member, you have to purchase this business package. They call it an independent distributor, it means your success depends on your effort, on how you will run the business.
Network marketing companies create their own specific compensation plan, like a binary system you have a left and right downline that can help the growth of your network.
You have to attend the business training and orientations together with your new members. If you are the sponsor or up line, teach those new members how to sell the company product and sponsor others who duplicate the process.
For every people you have recruited, you will get the referral commission and for every product, they have purchased you will get some rebates or points.
Independent distributors develop their association by either building an active consumer network, who buy direct from the company, or by recruiting a downline of independent distributors who also build a consumer network base, by that means expanding the overall network.
In network marketing, you don’t have to pull out a big capital. There’s no skilled required or educational background for you to start. You can do it even you are a low-profile person; it is a home-based business that you can expand through your friends, relatives or acquaintance. You can ask their help to build your network.
What Problem You Face In Traditional Network System?
- The common problem of network marketing is the marketing strategy of the company, it becomes pyramiding in a way that members are only focusing on recruiting downlines so they will get the commissions.
- Because the products are not easy to consumable or much expensive than other products that you can buy to the market or malls. Sometimes, members face difficulty in selling the products to other people as I said the product is much expensive.
- They are also facing problems in understanding the compensation plan and cannot explain it to their recruits. Also, there are sometimes conflict in their time because they have to attend meetings and seminar, the people they are invited to attend is not available for that schedule.
- If the members are only focusing on recruiting people, and the products are not flowing the way it needs to be. There is a possibility that the company will be closed or bankrupted.
- In a traditional system, you have trained to do business around your friends and family first. But time will come once, you see, you couldn’t find your prospect where you can ask to buy your product or join your business.
- According to a report published on the Federal Trade Commission’s website, at least 99% of people who join networking companies lose money. However, Network marketing’s function because downline members are encouraged to hold onto the belief that they can achieve large returns, while the statistical questionable of this is de-emphasized.
How To Do Network Marketing In Online-A New Era
Although there have some disadvantages, or you could face some problems with Network Marketing, but I can’t say “You shouldn’t do Network Marketing Business”. Because there are thousands of Network Marketing companies that still exist and doing very well in this world. And hundreds of thousand network marketers are working and getting rich.
But time has changed. If you want huge success in Network Marketing business and grow very fast, then you need to do it digitally, instead of traditional networking system.
There are some different ways that you could follow to start your network marketing business online, some basic ways I am going to show you here.
One of the most famous ways you could follow to start your network marketing business is-create your website. By your website, you could show people the benefits of working in your recommended company, how they can start and what they will get in future like incentive, bonus plan.
Check this resources
You could also promote your business product which you normally sell to your family and friends. But now you can sell the product in a wide online market.
If you are thinking, how people will come to your website if they don’t know you, I have a solution for that as well.
You need to do SEO (Search Engine Optimization) which related to Keywords.
Are you overwhelmed with all of these, what I am telling you?
I think it’s a better idea if you could follow the step by step training.
- Social Media
Another way you could do Network Marketing business online is by Social media. I know most of you already doing this-either you are approaching people by messenger or it could be by posting your business offer in different Group (like Facebook Group)
But there are many more ways you could follow to promote your network marketing business in Social media.
Click below to watch this video for learn more about social media strategies.
If you don’t have a problem to invest money for advertising your business online then you could try PPC (Pay Per Click).
You always need to think -how quickly and easily you want to grow your business.
Many people are using the PPC method to promote their network marketing business. But don’t forget it is expensive.
The Benefits To Do In Online
The benefits of network marketing online are a big factor for the success of the business. Because nowadays, the internet is very accessible to many people around the world. You can endorse and sell the products by creating a web page of your business. You can easily introduce your product or company by posting it online. Whether you’re sleeping or doing some other activities, your business is still running even when you’re busy with other things.
Check this resource
You can communicate with the clients by sending emails or by social media like Facebook, Instagram, Skype, etc. You can deal with the clients online without hassle on your schedule. It means you can do your task anytime you are available. If you have an option if you will do it as a part-time job or focus on it as your primary source of income.
In the traditional network marketing system, you have to approach your family and friends either to join your business or to buy your product. But in an online system, you don’t have to ask them, you could get unlimited prospects who will be interested to join your business or customers who want to buy your product.
If you want to make it as your full-time job, you have to invest time to create page or blog(website) for your business, download some videos about the product demos, training, and other information about your business. If you put it online, the popularity of your business is guaranteed because it’s already there, easy to search. You will not worry about how you can share it with people.
If you are a network marketer who really wants to take your business into the next level, then it is time to follow different approaches to get huge success in your business. Because Network marketing online is much more profitable, easier than the Traditional Network marketing system. All You need-a proper training and guidelines.
Do you want to see how I work from home and make money online?