Though most people don’t agree this, there is a minute difference between Network Marketing and Multi Level Marketing.
In MLM (Multi Level Marketing), the distributor gets paid on the number of people you recruit under you, each joins by buying a product/service. The company pays a ‘fixed comission’ for every distributor who joins under you. Again, depending on the levels you reach the commissions and benefits vary. In Network Marketing, the end product is more of product and less marketing. In MLM, the end product is more of marketing.
2. I don’t know lots of people. Can I become successful ? / Do I need to ‘convince’ a lot of people to join my team?
3. If Network Marketing is that good and gives a lot of benefits at cheaper joining costs, why don’t every join this? Why are some people so negative about Network Marketing business?
Doctor profession is a fantastic and most respectable position on this planet. Then how come every one is not becoming or at least willing to become doctors? Every one has their own interests, way of thinking. The most common answer people give for not doing a Network Marketing business is – “I don’t think that this will work for me”. Not sure what they actually think !!
Some people voice the same answer in different ways. Some people cannot take decision because his friend’s friend’s relative joined some network marketing company and failed. There can be many reasons for his failure, but as most humans do they blame it on a person or a company but not on themselves. Millions of people were held back from achieving some truly remarkable things in their lives because of so called ‘friends’ who told them not to do. Advises come free. Do your own research, take your own decisions, take advises only from industry experts and take a call. 2 major reasons of a failed person in any profession (especially businesses) – listening to everybody and listening to nobody.
4. Do I need to be a super salesperson to be successful in Network Marketing Business ?
6. What is the Difference between Network Marketing and Pyramid Scheme?
A pyramid scheme is basically a fraudulent money making scheme. A pyramid scheme looks like a Network Marketing or an MLM business if the structure is drawn on a paper. But the essential difference is a pyramid scheme is about creating a chain of people without any legitimate product/service. It is a non-sustainable business model that involves money rotation. You will get paid only when you recruit people.