What is Network Marketing?

If I were to launch a product, I could go about it in several ways. I could present my product to my local stores, spend some money on advertising and product placement and my sales should increase if my product is any good. And eventually move on to the bigger accounts. I would have to spend money on salespeople and if I want to attract the best, I would have to cough up the big bucks with no certainty of sales. Never forget, if you pay with bananas, you get monkeys.

I could also start a website, create an online store, spend some money on advertising and go from there. Of course I could create a funnel, go into shopify, etc…

Or I could sell my product through Network Marketing. Let’s have a look at the 2 words: DEFINITION of Network: a group or system of interconnected people or things. DEFINITION of Marketing: the action or business of promoting and selling products or services, including market research and advertising.

So network marketing is using the power of connections and personal recommendations to get your product marketed. As simple as that.

Let’s have a quick look at the perspective from business owner. The business owner has an army of highly motivated sales and marketing people that have an incentive plan that is 100% performance based. The more product they move, the more money they get paid.

And from the marketer side? Check out the next post for a detail explanation: https://presidentstories.com/?p=121

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