Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
The Three Primary Strengths Of Network Marketing > NetSparsh - Viral Content you Love & Share

The Three Primary Strengths Of Network Marketing

Network Marketing, 'MLM', and Multi Level Marketing are all terms that refer to the same type of business model. This industry has had more than it's share of scumbag crooks and con artists that have used and abused the concept. However, if you do your homework and get involved with a legitimate network marketing organization, this business model has exceptional income potential.

Network Marketing can produce outstanding results if you know a few simple concepts, the understanding of which is critical to your success.

Network Marketing, MLM, and Multilevel Marketing are unlike franchises or conventional businesses in that they take advantage of all three of the important, yet misunderstood principles of:

1) Leverage (of Time and Money)
2) Residual Income
3) Geometric Growth Through Duplication

Unfortunately these principles are not well understood by many of the people that undertake network marketing. And that's just one of many reasons why so many fail at network marketing. There are lots of other reasons, and it would take volumes to cover them all. But this is one of the more common ones. Because if you don't comprehend and believe in these principles, it's impossible to help others fully understand and appreciate them.

First, lets look at LEVERAGE:

Every successful person or business takes advantage of leverage. There are only 24 hours in a day and no matter how talented you are or how much you get paid per hour, if you don't take advantage of leverage you're limited by the number of hours in a day. As a side note, I have heard of cases where an occasional lawyer was billing more than 24 hours per day...but, I guess that's another story. By learning to leverage your time, you can also benefit from a percentage of other people's efforts, and dramatically increase your income while creating more free time for yourself.

The unique and wonderful thing about the Network Marketing business model is that everyone has the same opportunity to become the 'owner' of his or her own business - with a fraction of the investment of time and money of a franchise or traditional business.

In network marketing the people at the top definitely have a vested interest in helping others on their team succeed.

Would you rather receive 100% of one person's efforts, or 5% of the efforts of 100 people?

Obviously 100% of one is always only ONE. But 5% of 100 is FIVE.

Not only will the total result with leverage almost always be amplified, but your income is not dependent on only one person. If your income is produced by the activities of many, it is much more dependable. Even if something unexpected or negative happens to one or more of those people, it only has a minor effect on the TOTAL production.

It's great to get paid while you're sleeping or away on vacation. That's one of the many advantages of leveraging your time.

Now, lets consider RESIDUAL INCOME:

When someone mentions residual income many people automatically think of actors or musicians.

Residual income is recurring income that you continue to receive long after the work you've done to produce it has ended. There are lots of ways to produce residual income. However, many people don't understand it, and still others have never thought about or been exposed to it.

A very simple example of residual income is interest earned on money in the bank or investments. You continue to receive this income without having to invest any more time to produce it.

Suppose you had the choice of doing a job and earning $1,000 once, or getting paid $50/month for the rest of your life...which would you choose? If you chose the $50/month you obviously "get" the concept of residual income.

Clearly, $50/month will surpass a single payment of $1,000 relatively quickly. And if it lasts for a few years, or better yet - the rest of your life - it will really be a blessing.

Residual income is certainly not about "getting rich quickly", even though with the right opportunity it's possible to produce a substantial residual income stream in a relatively short time.

Most people who fail at network marketing either choose the wrong network organization or just give up too soon and quit because they expect overnight results. It is important to recognize that the real beauty of residual income is on the back end, not the front, and that once you build it you have the financial security and time flexibility to do just about anything you desire for the rest of your life!

Last, but not least, lets address GEOMETRIC GROWTH (DUPLICATION):

The classic illustration of geometric growth is the frequently used penny-a-day example.If you save one penny on the first day, and double it every successive day, (day two you have 2 pennies and day three you have 4 pennies, and so on) how much will you have at the end of 30 days?

The answer, to the astonishment of many, is $5,368,708! Amazing, but true.

That's a simple and dramatic illustration of how networking can work. If I can teach you, I've doubled myself. If we each teach someone else, we've doubled again. As this duplication or geometric growth process goes on and on, it can produce some amazing results in a relatively short period of time, just like the penny example above.

So there you have it, understand and apply these three principles:

1) Leverage (of Time and Money)
2) Residual Income
3) Geometric Growth Through Duplication

and, given sufficient time and effort, you should enjoy a successful and financially rewarding network marketing experience.

Kirk Bannerman operates his own successful home based business and also coaches others seeking to start their own home based business. For more information visit his website at

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

USA TODAY

USA TODAY NETWORK Announces Launch of LOCALiQ - a Next-Generation Local Marketing Partner for Businesses
USA TODAY
USA TODAY NETWORK on Monday announced the launch of LOCALiQ, a data-driven marketing solution designed to simplify the complexity of marketing for businesses and drive improved return on investment. LOCALiQ combines one of the largest local ...

and more »

Network effect: How Shopify is the platform powering the DTC brand revolution
Digiday
“The 21st-century brand is the direct-to-consumer brand,” said Jeff Weiser, chief marketing officer at Shopify. “A couple of things have enabled the rise of the DTC, which is the ability to outsource the supply chain.” For Weiser, who described himself ...


Modern Ghana (press release) (blog)

Influx Of Network Marketing Businesses In Ghana
Modern Ghana (press release) (blog)
It seems there is a new network marketing company every single day. I have even lost count of existing ones. Am even getting scared. God should save us. But I like the way they have turned Ghanaians into motivational speakers. You hear them say “Rise ...


mediabistro.com

Manager, Communications
mediabistro.com
Works closely with other members of the MarCom team to ensure coordination with CFSI's broad corporate communications, digital output, social media, events, and network marketing efforts. Supports content and agenda development for key CFSI and FSL ...


WPVI-TV

What's the Deal: Pros and cons of multi-level marketing
WPVI-TV
From leggings to fitness programs to beauty products - multi-level marketing, or MLM, is on fire right now. The side hustle is attracting everyone from stay at home moms to anyone looking to supplement their income or replace it altogether. We're ...


The Cheat Sheet

What Is the Difference Between Multi-Level Marketing, Direct Sales, and Pyramid Schemes?
The Cheat Sheet
There are people who use the terms multi-level marketing, direct sales, and pyramid scheme interchangeably – those people are wrong. Not everyone who hits you up on Facebook to buy their amazing new essential oils is involved in a pyramid scheme.


USA TODAY

Gannett launches LOCALiQ as one-stop digital advertising shop for customers
USA TODAY
USA TODAY NETWORK, part of Gannett Co., is launching LOCALiQ, an end-to-end digital marketing and advertising service for clients, small and large, nationwide. Gannett, which owns USA TODAY and 109 local media properties, is now offering LOCALiQ ...

and more »

CB Reporter

Global Social Network Marketing Market Research – Industry Analysis, Growth, Size, Share, Trends, Forecast to 2025
Our Market Research
The Social Network Marketing Market Report discusses about the new Advances and Prospects in Social Network Marketing Market. This report analyses adoption trends, key challenges, future growth potentials, key drivers, competitive outlook, restraints, ...
Global Social Network Marketing Market – Demand, Insights, Analysis, Opportunities, Segmentation and Forecast to 2025CB Reporter

all 90 news articles »

AZCentral.com

USA TODAY NETWORK launches new digital marketing, advertising product for clients
AZCentral.com
Marketing and advertising were tough enough before the digital era. Now, small and midsize businesses must try to understand their customers better, evaluate important demographic clues and assess whether their own internet and social-media efforts are ...
LOCALiQ launches in Las CrucesLas Cruces Sun-News
USA Today Network launching digital marketing service LOCALiQNewspapers and Technology

all 8 news articles »

Marketing Interactive

Chinese police arrest 21 for data theft at Alibaba's delivery arm Cainiao Network
Marketing Interactive
Chinese police arrested 21 suspects in connection with the theft of data including customer information from Alibaba's delivery arm Cainiao Network, according to China's state media Xinhua and other reports. More than 10 million pieces of client data, ...

and more »
Google News

Why 95% of MLM or Network Marketing People Fail with Their Home Based Business

Every MLM or network marketing operation offers the same promises... Read More

Are You Living the Life You Imagined?

Do you feel strong, healthy, financially secure?Are you too busy... Read More

Are You A Network Marketing Professional? Or, Are You An Amateur?

Do you look like a professional Network Marketer? Do You... Read More

Fresh MLM Leads Are Right In Your Own Neighborhood

Now that you have started your own MLM business, fresh... Read More

Online Network Marketing Business is Your Highway to generate more Passive Income Faster

This is the fact of the world : People need... Read More

Networking: 5 Fantastic Ways To Network Effectively

It seems as if everybody is into networking these days... Read More

Home-based Business Opportunity, Anyone?

It seems home based opportunities are a bit more common... Read More

To Be Successful in Network Marketing Requires One Thing, Success in Life!

Most people want to be successful in life. There are... Read More

MLM Leads- MLM Leads Success Training- Part 1

MLM Leads are a great way to not only create... Read More

MLM Prospecting-The 7 Key Traits You Look for in a HOT MLM Lead

MLM Prospecting is a tough business if you do not... Read More

Guaranteed Tour Takers or Guaranteed Signups

When you join a MLM opportunity they give you usually... Read More

MLM Training- The New MLM Distributors Getting Started Checklist

A List for MLM Success.That is what I am talking... Read More

MLM Leads: How To Improve Your List

MLM Leads are the lifeblood of many network marketers. Over... Read More

The Secret to Why Network Marketing will ALWAYS work!

Some people believe that network marketing really doesn't work. To... Read More

Dream Stealers

"Honey, I tried to tell you this wouldn't work.""Why did... Read More

Finally, An Exciting Way To Generate Qualified Leads... And... Get Your Prospects All Fired Up About

Last week I pointed out how John Kerry was successfully... Read More

Systems Dont Fail But People Do, Does Your Company Has All Necessary Systems In Place?

The secret of success is following a proven system. As... Read More

Beware of MLM Scams!

Most MLM programs are legitimate businesses, however consumers must be... Read More

What 15 Years in the Network Marketing Industry Taught Me

Just whisper the words "network marketing" and you're bound to... Read More

MLM Training - The Network Marketing Success Secrets of Recruiting Small Business Owners

Many Network Marketing distributors overlook for some reason the small... Read More

Writing an MLM Business Plan

When considering whether or not to start a MLM business,... Read More

Earn More and be Financially Free through Network Marketing

People have been finding ways to make money to make... Read More

Steps That Spell Success in MLM

Many people want to get into multi-level marketing without knowing... Read More

The 4 Major Enemies to Online Success

For any of you just starting in online marketing you... Read More

Are You Looking to Get in on the Ground Floor of the Next Amway? Here Are 7 Things to Look For!

Just like a Penny stock market investor wants to Find... Read More