Talking about your product to everyone is easier said than done, right? Let me get this straight, you have assumption that people will say no or will think that you’re doing one of the pyramiding schemes. The truth is that Network Marketing is just a way of distributing products from the manufacturer to consumer without passing the traditional way. The traditional way of distribution involves a lot of middle men and maybe you’re familiar with advertising which makes the product more expensive. What will assure you that you are not working with pyramiding schemes? Let the Department of Trade and Industry speak with you about this (watch it here). To sum it up, a legit network marketing company or MLM (multi-level marketing) company gives earnings to their associates based on product they move or sell. Meanwhile, a pyramiding company gives incentives to their associates based on the people they bring in the business.
Since this is already cleared out, what product would you like to endorse? What company should you choose? Let is start with the product first. One question is, do you like the product? Will you be willing to tell your friends about this amazing product that you are using? Will this product help people make their lives easier? Is this product continuously improving through their R&D (Research and Development)? If your answer is YES to all of the questions, you have found the right product!
Next is the company. Is it a stable company? Being listed in a stock market is a very good thing because when a company is publicly traded, it means it is audited by 3rd party institutions. To make it simple, the company is not a fraud! Next question is, is the company expanding to other markets? It shows that the company is growing to reach more people. It is not enough that the company has an office or a website because many fly-by-night companies have an office and a website. Just think this way, if you’re doing this business for the long-term, then you should be marrying a company who will last. Lastly, is their compensation plan also changing for the better? If yes, it means the company is adapting to the changes happening around the world. You know, companies acquired by bigger firms, banks merge. So, if that company is your eyeing is stagnant, expect it to get eaten alive soon.
The challenge in doing Network Marketing as business in the Philippines is people think it is easy money but it is not. Just like other businesses in the Philippines, your time and effort is your real investment here and not the small capital you used in buying your initial inventory. Your goal here is to educate people that there is a business which they can start part-time but can reward them bigtime 5 to 10 years from now. Training is really required in learning this business. Think of it as studying another course in college only it is shorter and much more rewarding in long-term.
I am proud to say that I am working with an MLM company for 6 years and counting. That is why I am very confident in putting Network Marketing in this list. Aside from the advantages I mentioned above. You don’t need to do this business for life. If you have established enough client base that patronizes your product, which means they regularly buys the product for their daily lives. Then you will be compensated for the rest of your life. This is not a one-time-big-time business. It is a relationship and leadership business. Just like other business, it will also make you a better person. It is very rewarding to see your clients improving their lives and your teammates also making a difference in their lives by working with you.
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