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Posts Tagged Network Marketing Company

How to Pick the Best Network Marketing Company for You

Oct 5

Posted by Wayne Woodworth in Network Marketing | No Comments

I have seen a lot of stuff lately about how to pick the best network marketing company, and some of them make some very good points. So I want to summarize some of the important things to look for in a company when you decide to start your network marketing business.

A Product or Service you are Passionate About

To be successful in a business you have to be passionate about it. In the case of network marketing, you have to be passionate about the product or service that the MLM company sells. When people buy the product from you it is going to be more about your passion for the product than the product itself. Likewise, when you approach someone to join you as a business partner, you want to pick people who you think will also be passionate about the product or service. For example, if you are a Mary Kay or Avon distributor then you probably won’t approach too many men about your business.

A Reputable Network Marketing Company

When you look at starting a network marketing business you want to build one that can be successful and generate you an income for a long time to come. A big part of that is the company that you partner with. I don’t pay much attention to new companies because, like any other business, a high percentage of them will fail during the first five years. I like old companies because they offer a level of security that new ones cannot offer. An established company has a proven product that provides a definite benefit that has been proven over and over, otherwise the company would have failed. They also have a proven compensation plan. If their distributors weren’t able to make money then again, the company would have failed.

Another part of that is to look at how long the distributors have been with the company. Is it a 10 year old company but none of the distributors have been there for more than a year? Why? Or is it a company that is 30 years old and there is a large number of distributors who have been with them for 15 or 20 years? If a company has distributors who have been around a long time then the company probably takes good care of the people in the field.

Cost of Doing Business

Finally, there is the cost of doing business. How much does it cost to sign up as a distributor with the network marketing company and what do you get for that money? Is there an autoship or other monthly costs? I don’t think these concerns are necessarily deal breakers as long as the company is reputable and provides a real product or service, but they will definitely affect you as you are getting your business going. If you are short on money, can you afford to keep your business going for the first six months until you develop an income from the business? These are important things that you need to keep in mind.

That’s what I look for when I’m looking at a company. I feel blessed that I found a network marketing company that has been around for 35 years and operating in the US for 21 years now. I also have access to distributors who have been with the company for 17 or 18 of those years, so they really  know how the business and the company works. You can find out more about this great company and working with me here.

If you found this helpful, I’d love to hear your thoughts in a comment below. Please share this with your friends on the social networks.

Wayne Woodworth

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Network Marketing Doesn’t Make Money

Aug 5

Posted by Wayne Woodworth in Network Marketing | 2 Comments

I’ve been looking around at what people have been saving about network marketing lately, and what people in my own MLM business are saying about making money with our company. Most of what I’m hearing is that you can’t make money unless you have a huge downline.

That just isn’t true.

How Network Marketing Works

There are two activities that are important with any network marketing business: recruiting people and selling products. Most people seem to focus on recruiting and almost forget about selling product. They depend on new distributors to get on their autoship program. If that is the only way that your team is selling product then, yes, you will need a huge team to make any kind of living in network marketing.

Selling product is where almost all of the money is in network marketing. You get paid based on customers and downline distributors buying product. I currently make more money on a regular basis than my sponsor even though he has more distributors on his team. That is because I sell product to customers.

There is one distributor with my network marketing company who is teaching people to put all of their effort into selling product. He says that you can make more money as a Bronze than as a Silver. Without getting too much into how the company works, you can get to Bronze by just selling a lot of product while making the next jump to Silver requires you to have at least 3 distributors on your team. The problem with going to straight profit is that you start at $0 every month. You don’t have any residual income.

I know there are at least a few companies that pay a “training commission” when you sign up a new distributor, but the focus of the company still has to be on selling a product or service. If it doesn’t, then it is an illegal pyramid scheme.

How to Build a Profitable Network Marketing Business

The best way to build a sustainable income in network marketing is to put some effort into both recruiting and in selling product. My preferred approach is to attract customers and sell them product. Once they have made a purchase I encourage them to join my list so that I can keep in touch with them. They get a monthly newsletter and as an additional incentive, I offer them a 20% discount on orders as long as they remain on my list.

Now that I have their permission, I can give them great information about information related to the products and the business. I can also plug the recruiting side in my newsletters. A certain number of people are going to have an excellent experience and take a look at the business side, and a percentage of them will join.

Once they join, I teach them to do exactly what I am doing. Now I have a team of people who go out and find customers and convert a number of them into distributors. Everyone makes money this way instead of just the people at the top. The new people see what can be done and are motivated to do the same thing. This way is easier for new people because they have something real, a physical product, to tell their prospects about instead of something intangible like wealth or success.

I hope you found this informative. Please leave me a comment below and share this with your followers on the social networks. If you would like to learn more about how I’m building my network marketing business, then just click here.

Wayne Woodworth

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Understanding Network Marketing

Jul 21

Posted by Wayne Woodworth in Network Marketing | No Comments

People seem to have a hard time understanding network marketing.

I was poking around on Google this morning checking out different keywords for the products from my network marketing company and found a lady who was trying to liquidate her product. She said she signed up one night and the next morning realized that the business is more about recruiting than about selling and helping people.

That’s just nonsense. While recruiting is a part of network marketing, selling product is more important. Product is where the money is, so selling is your primary goal. Recruiting is about finding other interested people to help you sell product. One of the top money earners in  my company describes his business as building distribution channels to move product.

I try to get people to understand that a network marketing business is just like any other business they might start, so here is another way of understanding network marketing. Let’s say you start a new business selling something you created, the Miracle Widget, that does something absolutely amazing. You are a business of one person and you are out there talking to everyone about your product. You can only talk to so many people and change their lives with you widget when you are all by yourself, so you bring on another person to help spread the word. Now you talk reach twice as many people, selling your product to them and helping them. This feels good, so your bring on more people. Your focus is still selling your product and helping people, and now you have help.

That’s what network marketing is about. You start off as a team of one telling people about your MLM’s amazing product then bring on more interested people so that you can reach more people. You are still selling product and helping people. You are also helping the people who join your team by offering them a way to earn money too.

Some uplines will over-stress the recruiting side of network marketing, that’s true. Please remember that it is really about selling product and helping people and that recruiting is just about getting some friends to help expand your reach so that you can help more.

I hope you found this helpful. Please share your thoughts in a comment below and share this with your followers out on the social networks.

Wayne Woodworth

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Tip for Network Marketing Entrepreneurs

Jul 17

Posted by Wayne Woodworth in Network Marketing | No Comments

I have a big tip today for network marketing entrepreneurs who are working with companies that offer wellness-related products. Don’t make medical claims.

I am a massage therapist and have been working with a wellness network marketing company for several years. While I was in massage school my instructors very strongly cautioned us against making medical claims. We cannot diagnose conditions, treat conditions, cure conditions, or prescribe something for conditions. Those activities are all reserved for doctors by law. In other words, if we are caught diagnosing, treating, curing, or prescribing then we will be shut down.

The network marketing company I am with takes it one step further. We aren’t allowed to even mention a condition by name. They reluctantly let us to use the work “pain” because it is such a common word. They prefer us to use “discomfort”. I’ve heard of one doctor who is a distributor with this company who uses the word ” owie”. In case you are wondering, the Urban Dictionary defines “owie” as “a word commonly used by small children or infants to describe a wound”. I guess that needs to be updated to “a word commonly used by small children or infants or Nikken distributor doctors to describe a wound”.

Even doctors are careful to avoid medically reserved words when not acting as a doctor.

So, be careful of making medical claims when talking to your customers and prospects about your network marketing company’s wellness products.

If you found this helpful then please leave me a comment below and share this with your followers on the social networks using the buttons below.

Wayne Woodworth

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Online Home Based Business – Are You Looking for One?

Jan 8

Posted by Wayne Woodworth in Network Marketing | No Comments

Are you looking to start an online home based business? These days it is very easy to set up a business online and start making money pretty quickly. An online home based business has many benefits over one that isn’t on the internet. The biggest is that it opens your market way beyond your local community. You can build a national or international business without having to leave your home.  WordPress makes it easy for just about anyone to create websites and the social networking sites like Facebook, LinkedIn, and Twitter make it easy to get the word out about them.

If you don’t already have a home based business to take online, I recommend that you look at getting started with a network marketing company that is supportive of online marketing. Not all companies are and most of the companies that do support it  are restrictive to some degree, so make sure you know exactly what they allow before you decide which one to go with.

The online home based business gurus all recommend that you focus on building your brand, not your company’s. I agree that you need to build your own brand. Companies come and go, especially if you decide to jump in with some of these new “pre-launch” upstarts. If a company folds then you have your brand intact and you can easily move to another company. Also, people join people, not companies. To build your team online,  people need to learn who you are, develop a trust in you, and then they will decide to join your team.

As important as it is to build your own brand, it is also important that you start generating a retail profit to support yourself right away because building your own brand will take time. Retail profits are a lot easier to generate if the company allows you to market the products online. If you can sell product online you need to be aware of any limits to where your company will ship product. Anyone in the world can find your website but can you sell to anywhere in the world?

Nikken, the company that I chose to work with, supports internet marketing enough for me to sell online. They do have limits but they can all be worked around. For example, I cannot host any pictures  or have any descriptions of the products. The picture restriction actually works to my benefit because I can link to and display their pictures without taking up any of my disk space. Selling without descriptions was a little tricky at first because how do you sell something if you can’t tell them what it is? Well, if you’ve been involved with selling very long you know that benefits are much stronger than a description of the product itself. You can see what I mean at http://www.getmywellness.com/magnets.

I have one other restriction with Nikken – I can only sell in the US and Canada. That isn’t really much of a restriction at all because all of the US and Canada is a lot of people and they mostly speak English (so I don’t have to deal with multiple languages).

Nikken is a well established company, not a recent upstart, so they will be around for a long time. Because of that I can safely build websites with my brand and websites with the Nikken brand at the same time and benefit from both long term.

Wayne Woodworth
Internet Network Marketer
Online Home Based Business Owner

Find out more about working with me.

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Glimpses of Network Marketing Truth

Jul 17

Posted by Wayne Woodworth in Network Marketing | No Comments

If you have been approached about network marketing business opportunities very much, then you have heard a lot of the so-called “lies” of network marketing.  It’s easy, it isn’t selling, the products sell themselves, and so on.

I was at an in-home meeting at my upline’s house recently to listen to the top earner in my company speak about how he got started.  I’m not a big fan of in-home meetings but I’m happy to go when there will be someone that I’d like to hear speak.  Needless to say, they were surprised to see me.

Dave has been with this network marketing company for 18 or 19 years and has been with other companies before that, so he has a lot of experience with network marketing.  He has made about 40 million dollars in that time with our company, so he’s worth listening to.  Here’s what I was able to pick out from what he said.

The first thing he did was acknowledge that we do sell product and our opportunity.  It isn’t sharing and the product doesn’t sell itself.  It’s rare that you hear traditional network marketers admit that we are salespeople.  A soft sell works better than a hard sell long term.

He sells the product by demonstrating it on people.  In out meeting last night he had a hand-full of people come to the front and used a couple of our magnetic products on them to show the benefits they offer.  He also shared stories of other times that he demonstrated the product with amazing results. As you probably already know, stories sell.  He had some really good stories about using the product on people.

The last thing that really stood out to me was that you want to pick a company that has unique products with enough of a margin so that you can make some money.  In other words you don’t want to sell products or services that your customer can pick up at a store just down the road.  With products that are  common, the margin has to be very small for them to be competitive, which means you have to sell a lot more to make money.  When you get into having to sell a lot of volume it will be very difficult to compete with an actual store.

I thought the evening was well worth my time and I was glad to get some good information.  I hope it helps you in your marketing efforts.

Wayne Woodworth
You can’t find my products at Walmart

PS.  You can find out more about network marketing lies in this free ebook.

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