Network Marketing in MLM Companies: Network Marketing MLM Multi Level Growth Strategies
Network marketing in MLM companies isn’t necessarily a given. An MLM or multi-level marketing program is just a compensation plan even though network marketing MLM multi level businesses are the common terms used by many people. What is being overlooked is the fact that network marketing in MLM businesses isn’t always occurring. Network marketing leverages social networks and often serve as channels for memes to spread. What is a meme? It is a though that uses a social network or a business marketing network to propagate itself.
Clever branding can encourage memes to spread and so can network marketing in MLM companies as these network marketing MLM multi level forms of business promote both products and business opportunities.
How to Leverage Your Business Marketing Network With A Network Marketing in MLM Strategy
Leveraging your business marketing network using a network marketing in MLM approach simply comes down to compensating your referral partners. In a network marketing MLM multi level business, this is done monetarily through commission bonuses, but it could be anything that your referral partner values.
For example, as you’re growing your MLM business marketing network and assuming your promoting some high quality products (like Kyani) that naturally create raving fans – not everyone is willing to do what it takes to network marketing in MLM businesses but they would gladly refer you to other people in their social circles. So, you really might consider gifting such people as a way of both saying “thanks” and letting them know that they will be rewarded for helping you build your business marketing network.
Why Network Marketing in MLM Businesses is Changing to an Information Based Model
In this day and age, information is only a “click of a button” away. People involved in network marketing in MLM businesses are finding that before signing up or buying your products, your potential customers or downline are going online to look for reviews on your network marketing MLM multi level business and products. Times have changes and the sales person no longer is the gatekeeper to information, one of your strongest assets is your ability to create rapport with your business marketing network and understand how to build relationships while network marketing in MLM opportunities. So once you have built your business marketing network, you need to ask yourself – “am I going sell them something that I myself would use and value?”
If not, find a new network marketing business because if you ruin that trust you’ll never repair it, and its likely that you’ll be forever tagged as that person who promoted the multi-level marketing scam or MLM scheme.
Network Marketing in MLM Companies
A Review Of A MLM Network Marketing Company
Brian Tracy, in his article, Eight Great Ideas for Multilevel Marketing, gives us a clear way to evaluate MLM opportunities. Using his criteria, I have looked at several MLM companies and I would like to give you the results! The first MLM opportunity we are going to look at, based on Brain’s criteria, is Tastefully Simple. Tastefully Simple sells easy to prepare gourmet food. All products take no more than two ingredients to prepare or are ready to eat right out of the package. Let’s see how Tastefully Simple stacks up. We interviewed consultant and customers.
Below are the results of our survey.
Brain says: If you’re looking at a multi-level marketing opportunity, here are eight key considerations.
Look for Quality Products
Brain says Key One: Look for a multi-level business which has, number one, quality products with a good reputation. Never waste your time trying to sell anything that is not of excellent quality. Quality products is the starting point of your success in business. No successful business can ever be built on an average or mediocre product.
I found becoming a product sold with the Tastefully Simple label is a long process. Products have to pass the test with the consultants at nationals and at home parties. Only the best make the cut.
Check the Prices Against Competition
Brain says: Number two, look for a company that has prices that compare favorable with the competition. Remember, nobody’s going to pay more for your product or service if they can get the same or equivalent somewhere else at a lower price. So check the price comparisons.
Our survey showed there is very little competition in this business, but, for the few other companies that are out there, Tastefully Simple prices were at least as good if not better, at least as perceived by customers. Customers considered the spices a particularly good value.
The Money Back Guarantee
Brian says: The third thing you look for is a 100 percent unconditional money-back guarantee. In other words, the product must be so good and the company must stand behind it so strongly that they’re willing to give a 100 percent refund guarantee on anything that they sell. That’s a very good rule for starting and building any business.
I found according to their website and materials, Tastefully Simple has a money-back guarantee on everything they sell.
Low Or No Inventory Required
Brian says: The fourth key in finding a multi-level marketing opportunity is that there should be a small or zero inventory requirement. You should be able to get into a multi-level marketing business with very little money. Not more than a hundred dollars.
There are no inventory requirements with Tastefully Simple. Many consultants indicated that carrying no inventory has allowed them to get into an MLM since they did not have to invest thousands of dollars to be in the business.
The fifth requirement is that the company provides prompt delivery and efficient internal bookkeeping
Brain says: A multi-level marketing business that’s well-organized will be able to deliver your products within 24 or 48 hours for you to sell, or deliver to your customers. They’ll also take very good care of the books and give you accurate financial statements each month.
Tastefully Simple ships all products directly to their customers. Consultants indicated that they always have access to their business reports with a listing of orders, downline reports and a variety of other summaries always available online.
Strong Support Organization
Brain says: A sixth thing to look for is a strong support organization. This is perhaps as important, if not more important, than anything else. Look for a support organization that will offer you training, that will give you seminars on product knowledge, that will give you motivation, and give you opportunities for personal and business development.
Many people who have started with multi-level marketing companies have gone on to be very successful in their own businesses because of the training they got from the multi-level company. If the company doesn’t have a training system, try to find a company that does.
Consultants said training opportunities abound with Tastefully Simple. There are multiple training calls on multiple topics each week.National and regional conferences are affordable and accessible. Leaders provide local support as well as team meetings. Many consultants also stayed connected through My Family websites, training calls, and personal attention. Being part of a group and making friends was one of the main reasons consultants indicated they had chosen Tastefully Simple as the MLM they wanted to be part of.
A Company to Be Proud Of
Brian says:The seventh factor that you require is honesty and integrity. Make sure that the parent company has an impeccable reputation in the marketplace. Remember it has to be a company that you can be proud of. You should never have to make excuses for the company you’re working for.
Tastefully Simple is a company that has been built around its consultants. From the CEO who was the first consultant to the various advisory committees, this company really knows how to show appreciation Consultants indicate that the incentives, gifts, recognition all combine to make them feel appreciated by the company. The CEO, Jill Blashak Strayhan has been recognized for both her business savvy and the company’s success. Tastefully Simple is ranked as one of the top companies for women in the country
Brian says: Number eight is that products should be consumable, leading to reorders and repeat business. You should try to sell a product that people use up on a regular basis, so that if they’re happy with it, they’ll continue to reorder and reorder and reorder. And once you get a customer, sometimes you can have a customer for years.
Tastefully Simple is food! Need we say more!!! Customers also indicated that these products are great around the house as well outstanding gifts. Customers also love the direct shipping!
Brain says: Here are two things you can do if you are considering a multi level marketing opportunity:
First, look for a product that you really like, use and enjoy yourself personally. You can only sell something to someone else if your heart is in it. And if your heart is in it you will enjoy using the product yourself.
Customers love these products if they like to cook since there are hundreds of variations (and thousands of recipes online), but they also love them if they don’t like to cook. Using Tastefully Simple products will allows anyone to put delicious food on the table with very little time or effort and no talent!
Second, look for a product that has something new or special that makes it different and better than any other similar product in the market today. The number one reason that any product fails is because it is not superior to and different from the competition.
Tastefully Simple products have survived the test of time. Customers loved the variety. From the standard products that they have loved for years to new items introduced each season, each product brings its own taste. Customers can always find something they like and can use. They also enjoy the variety when it comes to gift giving.
I would say that Tastefully Simple passes the Brain Tracy test with flying colors. But don’t take my word for it; check it out for yourself.
Watch for other reviews and see how your company stacks up! [Read more]
A Common Question about Profitable Network Marketing in MLM Businesses
How do network marketing company or MLM company profits?
[QUESTION TITLE] How do network marketing company or MLM company profits? – Asked on 2013-04-09
[Question] – Network marketing companies and or mlm companies profits from product sales. 3 ways more precisely. Personal consumption of all the distributors of the company to achieve their volume quotas to qualify for the payment structure, sales via auto-ship to preferred customers and retail sales to any potential clients. [Source]
Watch This Kyani Testimonial Video to Understand How You Can Grow Your Kyani Business Marketing Network Through Referrals
Try the Kyani products yourself and discover why Kyani is a solid company around which you can grow your business marketing network.