Saturday, November 7, 2009

MLM and Network Marketing

MLM and Network marketing looks set to grow in popularity over the next few years as the Robert Kiyosaki and Donald Trump predictions on the economic crisis come into fruition and tune into their endorsement of network marketing and MLM marketing as an industry set to benefit throughout the recession.

If you are new to network marketing you will be faced with many choices of companies, products and compensation plans and it can seem difficult to know which one will work for you. First and foremost network marketing is a people business and even if you choose to use the internet to build your business, you will not be able to build a successful business without talking to people.

Part of building a network marketing business requires you to find customers for your products and services and the residual income is usually built by repeat customer orders and attracting fellow distributors to your team and building a downline who can duplicate your success.

Whatever network marketing opportunity you find that suits your needs, as a rough guideline they should at least cover these seven essentials:-

1. Have unique products that are in high demand right now
2. Pay a lucrative compensation plan
3. Have a marketing system in place
4. Strong company management with long term goals
5. Global expansion
6. Gives back to charity
7. Has support and training when you need it, assistance with every element you need.

When you find your company and get set up with your home based business opportunity you will see that the next requirement is the ability to generate leads for your business. The marketing costs for generating those leads for your business will be your responsibility and without adequate training you may find this harder than you think and cost you far more than you thought.

Marketers have found through experience that the best way to fund the marketing of your main network marketing business is to market several commission based affiliate products in addition to their business to help fund the marketing costs of lead generation. This is commonly referred to as a funded proposal and is one of the best kept secrets of the professionals.

Some of the most successful online marketers also use a lead generation system, with built in funded proposals and internet training combined, as this not only brands them as an expert in the Mentoring For Free network marketing industry but also helps them build stronger teams and downlines with it's power of true duplication, giving better and longer lasting results for all their team members too.

Learn more about Mentors on a Mission, and how we can help you achieve your dreams for a better quality of life in the next few years. Click the links below for more information...
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