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What is Network Marketing?
Network Marketing is the newest and most descriptive term for what many of us know as "multi-level marketing" or MLM. I can predict that when you read those three little letters, you had one of two reactions -- extremely negative or extremely positive. But read on . . . Network Marketing has evolved and since the advent of the internet, has become the most successful business model ever created. Network Marketing is a business plan which compensates those who choose to join with a company and promote both the products/services of that company AND the business opportunity itself. In some respects it very much resembles having a business franchise, yet being able to also sell those franchises to others.
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Network Marketing compensation is determined in many ways. There are many, many variations on the basic multi-level business concept. But in most, you are compensated for the volume of business you do, as well as for the business volume of people you sponsor into the business. This "personal line of sponsorship" can extend for many "levels" with each level containing the recruited members of the person above them. For instance you are level 0, everyone you recruit is level 1, everyone they recruit is level 2 and so on. This makes it possible for one person (you) to be able to receive a percentage on the sales of hundreds or even thousands of other members. This basic concept has been taken to great heights and a huge volume could be written about the hundreds of compensation plans out there.
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The Benefits of Network Marketing?
Two words are sufficient to explain the biggest benefit of Network Marketing and they are: residual income. Network Marketing is the only business model where it is possible to reach a point where you can slow down or even quit marketing and have your income continue and even accelerate. The reputation that Network Marketing received in the past centered around a problem which has been eliminated with the internet -- the lack of people to market to. No longer do network marketers have to go to every family member, friend, or acquaintance and struggle with quotas and tons of inventory in their garages.
Yet Network Marketing is still a "people business" and team building is necessary and challenging to many. The most successful network marketers will tell you that the only way to succeed is to utilize an automated system that creates leads and follows up with them. With a system in place that can be duplicated for each and every person who joins their team, the sky is literally the limit. Network marketing has created more millionaires than every other method combined in the last decade. And it is the only one in which your success can create success for others, which in turn creates more success for you. At BetterWebBuilder they have combined the best features of network marketing with affiliate marketing to create a hybrid system that gives you the flexibility to create a model that works for you. AND they have the system in place to successfully automate every aspect of your business.
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