.: "The Truth About Network Marketing: Debunking the Myths"
By:Daegan Smith
Category:Home / Business / Networking
Just as various sorts of business opportunities continue to sprout like mushrooms on a rainy day, so do misconceptions about network marketing abound practically everywhere.
Are you one of those people who get confused as to what network marketing is and what it is not? Let's have a clearer understanding of the concept and the practice by debunking some of the myths behind network marketing.
*MYTH NO. 1: Network Marketing is the same as the Pyramid Scheme.
**FACT NO. 1: Network Marketing is NOT a Pyramid Scheme.
Pyramid schemes are illegal, whereas network marketing is legal.
When you participate in a pyramid scheme, you shell out a certain amount of money for practically nothing. You get no goods or services in exchange for your precious money. Instead, you merely pay for luck or for a chance. Why? Because only the person or persons on top of the pyramid will win.
Practically a gambling scam, a pyramid scheme is merely a venue for transferring funds from the hands of one person to those of another.
In contrast, when you participate in network marketing, you are actually getting involved in a legal business system. In such set-up, real and legal products and/or services are distributed among huge networks of clients or buyers.
*MYTH NO. 2: Network Marketing is the same as the Ponzi Scheme.
**FACT NO. 2: Network Marketing is NOT a Ponzi Scheme.
First, what is a Ponzi scheme? A Ponzi scheme is an investment scheme named after Charles K. Ponzi, who operated such a financial scheme in 1919-1920. In the said scheme, the older members or investors receive their proceeds or profits completely from the funds invested by newer members.
Unlike the pyramid scheme, a Ponzi scheme does not necessarily follow a particular hierarchical system. In fact, only one person or company is in charge of collecting money from new investors. The said collecting agent or agency then uses such fund to award the older investors with the proceeds promised to them.
Thus, when you get involved in a Ponzi scheme, you are actually just helping the collecting agency to pay off the profits it has promised to the older investors. The organizers behind a Ponzi scheme make you believe that you will MAKE MONEY WITH THEM; however, the truth is that they are actually TAKING MONEY FROM YOU.
Clearly, network marketing is no way similar to a Ponzi scheme because just like in a pyramid scheme, no goods and services are involved in a Ponzi scheme.
*MYTH NO. 3: Network Marketing can make you rich in an instant.
**FACT NO. 3: Network Marketing is NOT a way to get rich in an instant.
If you think the promises offered to you by a certain business opportunity are too good to be true, then chances are they're really just that --- too good to be true!
True, earning and gaining wealth by getting involved in network marketing can be a faster, easier way --- but that is, if compared to traditional or conventional business methods.
Certainly, network marketing can help you become rich; however, you will still have to invest not just your money, but more importantly, your time, patience, and efforts. In general, you will have to wait for about five to seven years before you can really reap the fruits of your hard work.
*MYTH NO. 4: Network Marketing is so easy that even lazy people can derive abundant benefits from it.
**FACT NO. 4: Network Marketing is NOT for lazy people.
It is a common notion that network marketing is equivalent to easy money. Many people decide to jump into the network marketing bandwagon thinking that they can just look for a few contacts and then just relax and wait for the checks to arrive. Are they correct? Very far from it!
In fact, the most successful people in network marketing are those who work the hardest. Just like in any other business, in network marketing, the most industrious and diligent workers who toil the most also reap the most abundant of harvests.
If you want to be successful --- and rich, of course! --- in network marketing, you must be prepared to give it the best of your efforts.
*MYTH NO. 5: Network Marketing is only for salespeople.
**FACT NO. 5: Network Marketing is NOT just for people who have had experience or expertise in sales.
Although it would be to your great advantage if you have had prior sales experience, having none would not hinder you from getting into and succeeding in network marketing.
In this modern age, technologies such as the Internet and automated marketing system enable you to connect with the world and promote yourself and your products/services. What you really need is to fully understand the network marketing program that you are into, interact with as many people as possible, decide which ones would really be serious in this field, and, most importantly, make sure that they also fully comprehend the system that you all got involved with.
Indeed, you don't have to be a salesperson to be able to play the game that a decade ago was almost exclusively in the salesperson's court.
Article keywords: network marketing, turnkey business opportunity, mlm, home business
Article Source: http://www.articles32.com
Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>http://www.comlev.com Team Blog: http://www.turnkeyinternetbusiness.blogspot.com
.: New Networking Articles
1). Social Networking for Business
Copyright 2006 Sharon Housley
Associations and trade organizations are great places to meet individuals. Usually organizations have a common theme, and it is an understood implication that all members participate to improve themselves and their businesses.
Whether it is a chamber of commerce or a trade association, members have common problems, issues and concerns.
2). How To Build a Duplicating Downline
Regardless the controversy that the term Multi-Level Marketing (MLM) or Network Marketing brings to mind when mentioned in a conversation, the success of such an industry cannot be denied at the moment.
The long existence of multitudes of MLM organizations is a wonderful indicator that network marketing is here to stay and flourish. As such, additional people are trying to join the bandwagon, building their own MLM .
3). Plant a Seed and Watch Your Business Grow
Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing is an ongoing item on my agenda, and I'm always looking for new ways to market my services. Where do you begin the process of attracting more business? How do you get the ball rolling in the direction you want your business to be heading? Well, it's really simple.
4). Top Networking Marketing Opportunities – Is There Such A Thing?
Top networking marketing opportunities, also known as multi-level marketing opportunities, run rampant on today’s Internet. You’ve no doubt received some kind of solicitous e-mail or seen some kind of advertisement in the margins of a web site you’ve visited that talks about amazingly easy ways to earn thousands of dollars with a simple home based business.
5). Hottest Business & Social Networking Site for South Asians
DesiMySpace.com is an excellent portal for South Asians who are on the lookout for new friends and to increase the network. It is easy to find people who have the same tastes and likes as that of you. Some of the search features in this site enables you to locate people who are like you, as quickly as possible. To make use of all the features you have to become a member and becoming a member is free!
While you create your account you have to add your profile to your account.
6). Finding Targeted MLM Leads
The objective of multi-level marketing (MLM) is to sell the product or service and to encourage the client to become an independent distributor, who then sells the service or product as well. Leads are vital for any business to grow, and in order for the business owner to have the greatest success, the leads must be curious enough in the business opportunity to have expressed an interest.
7). Taking The Vampire Out Of Online MLM Business Networking
You just got started with a new online MLM business and you want to tell everyone online about it. So, you sign up for all kinds of message boards, email groups and other business networking websites.
Before you do anything, please realize that you are dealing with REAL PEOPLE. The Internet seems like this anonymous place where you might feel people won’t really notice you if you engage in any vampirish behavior, but realize that the Internet is no different than dealing with people offline.
.: Top Networking Articles
1). How to Write a Letter of Reference
Have you ever been asked to write a letter of reference for a co-worker, employee or former employee? Generally, a letter of reference is used to help obtain employment, apply for higher education, or as a character reference for those seeking a government position. This is an important request, as a well-written letter can be the reason the candidate receives the offer he or she is hoping for.
2). How To Skyrocket Your Business With a Nework Marketing Builder
A Networkmarketing Builder? Yes, I will outline now step by step how you and your downline can use a "Networkmarketing Builder", to create excitement and explode your easy home business, fast. Consider for a moment, the perfect automated recruiting and training system, that will work for you promoting any Network Marketing business or Ordinary Business.
3). Beware - Borders and Boundaries
Have you ever had someone get right up in your face when they are talking to you? So close in fact that a letter "S' results in an unwanted shower? Often when we are out networking, we find ourselves in a loud environment as people try to talk louder to be heard over people trying to talk louder to be heard. This results in a roar that makes regular conversation difficult.
4). Attitude and MLM Success: The 3 Aspects of Attitude You Can't Do Without
In the world of network marketing, attitude is the strongest determinant of success. This article looks at the three aspects of attitude a newcomer to NWM needs to be aware of it they want to build their business successfully.
5). The Most Important Aspect Of Internet Marketing Ever
Learn one of the most overlooked and most important aspects of internet marketing that can be the difference between making and losing a fortune.
6). So you want to be a millionaire?
Who doesn't...
I come across so many people that say "I'm going to make a million dollars in network marketing". I have conversations with people telling me how they're going to become millionaires.
That's great I'll help you reach that goal every way I can.
But you know what?
Not everyone is going to make a million dollars in network marketing.
7). MLM Training: How to Help Your MLM Downline Get Over the Fear of Calling Prospects
Call reluctance is a term used in sales and network marketing to mean that the salesperson or the network marketer hesitates or procrastinates making calls to prospects. So to help a person get past this we need to figure out what caused this "reluctance."
As I commonly do, I'll define the main word - which is reluctance. It means: unwillingness; offering resistance; opposing.