Many people often ask me how Network Marketing can be a business? I often wonder the very same question. How could it be a business? Network marketing is a method of marketing. Right? Are we not talking about an individual marketing style? I would say YES! Network marketing is simply one specific way to market a business or opportunity.
If you agree with me and apparently Wikipedia. Now you can take a look at network marketing as a function of a business. Many business models use this type marketing. You will find every product and service that you can imagine being marketed using networking. You may also have heard the terms multi level marketing or direct sales. Both of these terms are commonly used interchangeably. So it would be very difficult to say network marketing is my business. Rather you would most likely say I use network marketing to market my business.
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Network marketing is a technique used to market a business. You could even use networking to sell a product or a service and begin to create a business using this type of marketing. Think about a simple networking event that you may attended recently. Or maybe you are single and have attended a live mixer. These types of events are a great example of networking. Now imagine that as a business owner you could start to market a product or service to those individuals. That is the idea of network marketing. You can find out more about exactly What is Network Marketing to get a better idea.
Check out the Stats! (Direct Selling Association & U.S. Census statistics):
-Someone starts a new home business every 10 seconds (U.S.).
-15.8 Million people working from home full-time (U.S.).
-Another 38 million or 12% of the total population working from home part-time (U.S.).
-8,493 new home businesses open every day (U.S.).
-Increasing by over 600,000 people per year (U.S.).
-82% of distributors are female and 18% are male (U.S.).
-By 2015, it is estimated that 50% of homes will be involved in the MLM Industry (U.S.).
-$28.56 billion in Direct Sales (Network Marketing) in 2010 (U.S.).
-23% of all Network Marketing sales are related to the Wellness Industry (U.S.).
-Average work from home income $59,250 per year (U.S.).
-20% of home based entrepreneurs said that their business grossed between $100,000 and $500,000 last year (U.S.).
-Home based business wage earner’s success rate is over 85% compared with small businesses like retail shops and restaurants, at about 95% failure rate after 5 years.
-84% recommend working from home to others (U.S.).
-29% work at home with other family members (U.S.).
If you thought the United States Network Marketing statistics were good, the World-wide MLM statistics are MASSIVE!
Paid Marketing Strategies VS. Free Marketing Strategies! That is how you can begin to break down the types of marketing for your home based business. There are several options to choose from. Both free and paid strategies have benefits. They both also have unique challenges as well. Many people make the choice to use a combination of both main types of marketing. To build your home based business you are going to have to be willing to try new methods. The more you action you take, the more results you get!
There are a variety of types of marketing that can be considered paid methods. When choosing a paid marketing strategy for a home based business or any type of business you should first consider your budget. A budget is vital for success when using paid marketing methods. When we have determined a budget we can now select a type or types of marketing for our home based business. This selection process will be easier with a budget. Some of the paid marketing methods will not be available due to the budget you have created. Essentially by creating our budget we create an accurate financial picture for our home based business. In addition budgeting helps the selection process by eliminating options that are not currently possible. Remember the most important action is to stay within YOUR budget. Whatever your budget is,it will serve you well to stay within your means. Remember YOU can always scale it up!
Free Marketing is a great option for beginners. Mainly because there is No Cost to start! You may want to add a Free marketing method to your home based business if your just getting started. With many social media options home based business owners have a large selection to choose from. The best way to get started is to choose one platform and start to use it daily. To master your specific types of marketing will require consistent actions. That is why urgency is so important! The sooner you start to take actions, the sooner you can get a results. The biggest challenge in learning FREE marketing methods is the time involved in learning.
This is why I have put together a training on the EXACT method that I use to generate FREE LEADS DAILY! This free marketing method has been used by 100's of people and works like MAGIC every time! Look for a training module in your email soon!
If your not getting my emails YOUR MISSING OUT! Start to get them by CLICKING HERE, it's not a pretty page,but it will get you my emails so your not missing out on important updates…
If your building a home based business there is a good chance you want to add affiliate marketing into your revenue streams. If you are trying to Figure Out what affiliate marketing is, allow me to give you an example. When you listen to the radio show you probably have heard an affiliate marketing spot. Do you recall one that the host prompts the listeners to visit a website and enter in an OFFER CODE or Discount Code? This is an example of using an affiliate link. Maybe you have seen somebody that is promoting a product or service. They specifically want you to use “their” website to purchase for a reason. That reason is because they are using an affiliate marketing link to make a sale. Probably the most common question I get is the following… Now are you starting to get a better idea of what is affiliate marketing?
Let's take a look at this so we can start to see how YOU could really start to use affiliate marketing to earn extra revenue. In addition to asking the what is affiliate marketing question, many ask how to start affiliate marketing. The simple solution is outlined in a video that I have posted over HERE. You can also take a look at the video below where I show this same info. The video below was done directly for the audience over at Free Daily Coaching. You will get a bit extra with the video below. IF you want a more comprehensive overview take a look at some of my other material.
To answer. What is affiliate marketing? Simply it is the ability for a company to leverage the marketing efforts of others to promote a product or service. In exchange the company rewards the affiliate marketing efforts based on performance. Many companies reward the affiliates in terms of financial payments. Some affiliate programs may reward it's affiliates with other benefits and features that I will discuss in another post.
So the basic steps look like finding a profitable affiliate marketing offer. Promoting the offer. Then collecting your compensation. The challenge is mainly in finding the right affiliate marketing offer. Although there are many options to finding the best affiliate marketing strategies. The one that has been the most rewarding for me was to simply Follow the directions of a proven system!
Take a look at the video below. Check out the affiliate marketing offers that I promote to earn some extra cash as well.
See you on the inside! I hope we answered the question of What is Affiliate Marketing for you today.
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