Hello friends, in this blog I am going to tell you what is network marketing and what is right and what is wrong in it and how can you earn money from it.
What is Network Marketing?
Network marketing is such a business in which you use the products and services of a company and tell others about it, that is, you sell them to others, when you sell, you get some share of that profit.
How would you say this is different from sell? How is this business? This business is because you have the option and you have to include the people who sell products and services.
And those people also have the option and to include the people who sell products and services under you, whenever products and services are bought in this entire cycle, there is consumption, its profit is shared in everyone, that’s why it is business. It has the option to grow.
According to the report of ASSOCHAM, the turnover of Network Marketing in India in 2016 was 12630 crores, it will increase to 15920 crores in 2021, which means this industry is growing.
Why Network Marketing is growing ?
Increasing youth population: The maximum population of the country is youth and it is increasing that whose purchasing power is more, the consumption is more i.e. the purchasing power is more.
Rising Unemployment: If there is more unemployment in the country, people also need employment and consumption of products and services and both the things are available in this industry, that is why this industry has potential for future growth.
Positive of Network Marketing
Financial Freedom: Many people have come to network marketing and have achieved themselves in financial freedom. Financial freedom means because it is a business, it has grown to that level, it has this scope, can you fulfill your dreams, dream of an expensive car. Many people have achieved all these things through network marketing, that is why this business gives scope for financial freedom.
Networking: Because this is a network marketing business, there is a network in the name itself, so networking will remain an important part of it, anyway it is said that “THE BEST WAY TO WORK IS TO NETWORK” means you meet people in this, learn from people and people. You teach that people have business, this human touch will always remain the same, no matter how digital it becomes, this world is run by humans and that opportunity gives this business.
You’re your own boss: You are your own boss in this business, many people do not like to work under someone, here you have your own work, do not report to anyone, you are the boss yourself.
Passive income: You are not working any day, income is being created for you, you are earning money even on that day, this business gives a good opportunity for passive income.
Qualification: Education is very important in many jobs, but this business only sees hard work, it does not see education.
Add ons :
Low/no entry cost: Its entry cost is very low or not.
No exit cost: There is no exit cost, you can leave whenever you want, you do not have to follow a huge process to leave.
No Infrastructure Required: It is not necessary that you keep any office or team to do this business, you can work as many hours as you want.
Training: Training is given more importance in network marketing.
Negatives of Network Marketing
Soch me moch: Many times it happens that people feel that only two or three people have to join, after that only money will start coming in, you will not have to work hard, some people don’t want to join, I have nothing to do. You will start earning money, these people are spreading negativity, if you are not ready to work hard then this business is not for you.
Low entry/exit cost: If there is no cost of entry and exit in this business, then people are not serious in this, they think that we have gone, that’s why they are not serious in this business when we are doing high investment in something If we take exit then there will be a lot of loss, then we remain serious.
Fraud Company: Many people must have read in the newspaper behind some company fraud, it is also necessary to avoid these companies.
What is necessary to earn from network marketing
Choosing the right company : Choosing the right company is like choosing the right leader, if the leader chooses the wrong leader, then the followers of the leader are also wrong, we will not be profitable in the loss and if the leader is right then the people associated with him would be right. Is.
What to keep in mind while choosing a company
CREDIBILITY: Before choosing a company, first of all you see the credibility, is that company CREDIBL? Is it a reputed company? Does he have the certificate he should have? And how many years have passed while operating that company, from these things it will be known that how is the health of that company. If a company is new, it is not old, its reputation is not known, if you are joining a new company, then look very carefully how people are connected in that company, how is the reputation of those people, how is the credibility of those people. You get an advantage in an old company, you get experience.
PRODUCT / SERVICES : The second thing that the product company is making is it right and you will also see that those products and services are going to be used regularly, if that product is one time use or not, I will explain with an example if a company cooler If the product is made, the customer will take it only once, but if he is making things for daily use or medical products, then the customer will buy such things again and again.
Will you use them: Do you trust that product and services, will you be able to use them, if you do not trust that product, if you do not want to use that product, then you will not be able to survive that product/services.
COMPANY POLICIES: To join network marketing, you must see that the company you are working in is paying for joining or is paying money from the profit of the product it is selling.
TRAINING & SUPPORT: It must be seen whether that company is giving training, whether they have physical workshop or are giving training through video because it is very important to learn in it, that is why training is necessary in it.
If you like this blog then you can comment in the below comment box and for similar information you can visit my website techtool50