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3 Core Steps to become Successful in MLM/Network Marketing

Multi Level Marketing or Network Marketing is becoming more and more popular these days even in the educated communities. Though some of them are working as scams, few of them are genuine and can generate good income in long term after some hard and smart work.
Though there are millions of people who are joining one or other network marketing company every year around the world, only a few of them are becoming really successful. Though there are many reasons on why people fail in these type of businesses, the major and first reason for failure is because of the misunderstanding that this business is only about recruiting or pulling people into their tree structure.
Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella.” – Entrepreneur.com

Let us analyze the major reasons for why people fail or succeed in this business.

1. Understand the Business Properly and Completely : Most people take a decision to join the business after listening to the business plan for just 30-40 minutes. You can never get the full details of the business in such a short time. The more serious you are about success, the more you would want to understand it. You need to completely understand the business plan, company history, products quality, pricing mechanism, usage of products and benifits, sales plan, sale to commission ratio, competition in the market, return on investment etc.

networkmarketingsuccess

2. 100% Usage of Products : Thumb rule – Use and Recommend. This looks like a simple one, but 90% of the members do not follow. The common psychology is to sell the products first to someone and then buy the products with the profits. You can never suggest the products ‘heartfully’ to anyone without using the products on your own. You may get some short term profits but can never ever get long term income without self usage.
To define any network marketing company plan in just 3 simple steps it would be –
1. Use
2. Recommend
3. Teach 2 above steps to team

3. Get into System : This is a team business. You need to login yourself into an existing system which has well set, time tested principles. The business is all about duplication. You do something right, hundred people will follow that. You do something wrong, thousand people will follow that. You need to be careful at what you are doing, who you are listening to. You cannot teach to every single one. Hence, you need to plugin yourself into a system with some “core steps” or basic rules which you and your team follows. All that you need to do is help your team also to plugin themselves into the same system.

Hope, the above details gave you some insight and can some other way you and your team in future. I will discuss more details in my next article.

Tags: MLM Success Tips, Networking Marketing Success Tips, Network Marketing Principles, Network Marketing Success Strategies, Multi Level Marketing Success Principles
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