Thursday, January 7, 2010

How Much Do You Know About Network Marketing?

"If I had my life to live over again, I would elect to be a trader of goods rather than a student of science"
-- Albert Einstein

I love that quote!  Whether you are a party planner or a network or multi-level marketer, you are in the business of direct selling, or as Albert Einstein says, a "trader of goods." Direct selling describes the sale of goods and services direct to the consumer rather than from a fixed retail location.

How Much Do You Know About Network Marketing?

*  The global direct selling market exceeds $110 billion in sales per year.  The United States is the largest at over $32 billion, with Japan in second place at $25 billion.  Direct selling is also strong in Canada, Australia, Europe and South America.

*  Just about ever product or service imaginable is available through direct selling channels.  Home products -- such as cookware, home decor, candles, foods, and pet care -- account for the largest share at 33.5 percent.  Personal care products -- such as skin care, cosmetics, fragrances and jewelry -- come in second place at 28.2 percent.  Services -- such as travel, financial and communications -- contribute to 15.5 percent.  Wellness products come in at 15.4 percent and Leisure and Educational products contribute 7.4 percent.

*  Four out of five direct sellers are women, and 10 percent of businesses are run as partnerships, primarily by married couples.

*  From a business and tax perspective, direct sellers are classified as independent, self-employed operators or contractors, although they use a variety of titles such as representatives, distributors, associates, consultants, and so on.  Their income comes from commissions, bonuses, and overrides on personal and group sales, typically on an escalating scale. 

*  Network Marketing (also known as multilevel marketing) is an extension of direct selling.  While direct selling refers to how products are sold, network or multilevel marketing refers to how you are paid for building your organization.

*  In addition to being paid on your sales, you earn income on the sales of people you recruit (or enroll, introduce, or sponsor) into the business.  This includes both direct recruits (people you personally recruit) and indirect recruits (people recruited by the people you recruit).  Both direct and indirect recruits are a part of YOUR downline organization.

If you are new to the network marketing profession, I hope you have found this information interesting also excited to be a part of a business model that is NOT in an economical downturn. 

Now, more than ever, people are opting to work from home to add part-time or full-time income to their family's budget so if you are looking for some additional income to help pay the bills, save for a dream vacation, or because you want to start your own college or retirement fund, direct selling and network marketing might be the answer for you.

Thanks so much for stopping by and spending some time with the HomeBizBoomer today and always feel free to leave comments and/or suggestions.

Til tomorrow, be safe and stay warm...Baby, it's cold outside!!!

To Your Success,

Becca Mutz
Bella Vista, AR

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(Much of today's info was contributed from Be A Recruiting Superstar by Mary Christensen.  Thanks, Mary!)

Wednesday, January 6, 2010

Helping Others Understand Network Marketing

If you "get" network marketing and you want to help others understand the advantages, today's message is for you!

If you've found a company you believe in, with products you believe in, then the only thing missing is...Do you believe in yourself.  Be honest.  There are always things we can improve upon and I believe most network marketers would agree that they'd like to kick it up a few notches in their recruiting efforts.  Agree?

I've been reading a book by Mary Christensen on this very subject!

"A full-time network marketing business can generate enough income to support your family, pay off your mortgage, and build a plump retirement fund.  It comes down to how much time you are prepared to work on your business and how willing you are to learn."  Sounds easy enough!

"Recruiting is the life force of any network marketing, multi-level marketing, or party plan business.  No matter how committed you are to promoting your products, there is a limit to how many people you can reach.  Even if you are the greatest salesperson on the planet, there is a limit to the number of hours you can work.  If you want to live a life most people only dream about, you have to learn to recruit."  Ouch...some people are just too scared to learn how to recruit...It's that "rejection" thing, right?  Read on...

"Recruiting lifts the ceiling off your income.  The way to reach the highest income levels is to find and train others to sell your product or services--and to teach them to do the same...."

"There are many reasons why network marketing is more popular than ever.  As the pace of life speeds up, we all have less time to shop.  Network marketing takes the hassle out of shopping because there are no crowded malls, jam-packed parking lots, or long lines at the checkout.  Customers can choose how they shop and their products will be delivered to their door, and repeat orders can be shipped automatically...."

Network marketing is an incredible opportunity for anyone looking to start his or her own business.  Your income is determined by how skilled you are at finding the right people and giving them the support they need to build their organizations.  Your recruits immediately have the same income opportunities you have.  It truly is an equal opportunity business!

If you are serious about building a network marketing organization and reaping the high rewards earned by the stars of the industry, recruiting must be your number-one priority.

Any businessperson knows that bricks and mortar do not make a business.  People make a business and network marketing is really a fun business for that very reason.  People really DO make the business!

If I can do it, so can you, because I know how few skills and little confidence I had when I started out back in the 90's!  We've come a long way, Baby!  If you are willing to work and willing to learn, you too can have the money---and your life!

As Ms. Christensen stated, "Sell products and you will earn money for now.  Recruit and you will earn money forever."

To Your Total Success,

Becca Mutz
Bentonville, AR

Success is an Inside Job!

Tuesday, January 5, 2010

January 5, 2010 - What's In It For Me?

Building relationships to increase your business...We've all heard that, right?  It takes patience and sincerity, true, but isn't the journey as much fun as the destination?  When we take the focus off of ourselves and our purported needs and put the focus on our prospects and show them how to reach the end result or What's In It For Them," it takes the drudgery and fear out of prospecting and gives it the fun and rewarding spin we all want!

I've been following Ann Sieg (Renegade Network Marketer) for a while and here's what she has to say:

"...You have to sell yourself as a person, but more importantly, you have to sell your ability to help them get what they want!

You can be the most likable person in the world but ultimately if they don't see you as being able to help them, it's not going to do you much good.

See, people want to be told how to do it.  They want to have it all laid out for them in simple steps.  They want someone to guide them and help them navigate their way through the touch waters of building a business.  This is what they're looking for in a sponsor.  They want to know if you're able to do this.

You can sell your comp plan and your product all you want but it still leaves the question wide open about how they're going to actually build their business.

The most important benefit of your offer is the marketing system that you use to build your business...And that is what you should be offering to your prospect:  The Way in which you do business.  This is how you sell your ability to help them succeed.

By offering them an effective marketing system, you're giving them so much more than just a biz opp.  You're giving them a tried and tested, surefire way to build not only your opportunity, but any business they choose to become involved with at any point.  This knowledge is more valuable than any breakthrough product or 'ground floor' opportunity."

This makes so much sense!  Think about how you can optimize your networking experience by showing others how they can rely on YOU to show them the way through your marketing system.

That's our food for thought for the day.  I look forward to your comments and stories about how you are implementing this strategy into your business.
To Your Total Success,

Becca Mutz
Bella Vista, AR

Click Here for your Free Copy of Ann Sieg's "7 Great Lies of Network Marketing."

Monday, January 4, 2010

Have a Perfect "10" - Happy New Year

Baby, it's COLD OUTSIDE!

WOW! What a way to start a new, snow, frigid temperatures and it's only going to get colder over the next several days!

With the new year at hand, I've committed to read daily posts/videos by Eric Worre. He's proving to be a leader in the network marketing industry and has offered a challenge to his followers. It's not too late if you'd like to take the challenge.

I included the link as an "enclosure" so just follow the link, enjoy the challenge video and Happy New Year!  Here it is...just in case you missed it.

In the days to come, I'll be blogging about my personal challenge and how I'm handling that!  Still trying to get the courage to talk about it...til' then...

All the best,

Bella Vista, AR