Network marketing has been present since the pre-Internet times and it has received its share of bouquets and brickbats both. However, this is a moneymaking route as is clearly evidenced by the thousands of millionaires it has spawned at a global level.
The concept is too darned simple – you build a network of people and jointly you promote a product or service. At the same time, you try to bring more people into the network. For each person that joins the network, the upline members earn a commission. Direct sales bring in the money too, but the main commission is brought in through the commissions that the network building generates.
However, the implementation is not quite as simple. Building the network can be formidable to most people. Even so, there are many facilities you get so that you can build the network well. You get a website from the network marketing company that you join, you can attend physical seminars and webinars and you have access to a host of material, online and offline, where you can learn how to promote your network to the hilt.
You need to remember one thing – joining a network marketing opportunity could be a life-changing experience. You might begin seeing everything in a totally new light. But that is the way you can earn all those six figure incomes a month.
Here are examples of two popular network marketing opportunities;
“When you sell Herbalife Nutrition products, you become part of a supportive community of like-minded people invested in helping others achieve their personal wellness goals. Together, we have built tools, training and resources to help you with your professional growth and personal development goals.
Control your own schedule on your own terms
Enjoy the flexibility to work your own schedule on your own terms, and have the freedom to spend more time doing what you want – like having fun with family and friends.”
At the moment it is UK based.
“Making life simple
We’ll bundle all your home services into one, simple, bill. Because we believe that when you’re not worrying about price comparisons, lost passwords and piles of paperwork, you can get on with the things that really matter in life.
It’s not just Members who benefit from UW. We rely on a network of Partners who recommend UW to people in their community. In return, UW Partners get to be part of a British success story, earning money for every new Member they help switch to UW.”
There are many other network marketing companies such as
- Avon (https://www.avon.com/)
- Forever Living (https://www.foreverliving.fr/?lng=en)
- Mary Kay (https://www.marykay.com/)
- Tupperware (https://www.tupperware.com/)
- Nu Skin (https://www.nuskin.com/en_US/home.html)
- Oriflame (https://oriflame.com/)
- Amway (https://www.amwayglobal.com/) .
And many more.
If you want to go down this route choose something you are really passionate about and you are more likely to make money.
A note of caution.
The drawback here is that there are a lot of players in the network marketing (also called as multilevel marketing or simply MLM) world.
Make sure you research the company and its products before you sign up.
Some companies have a sign-up fee and annual membership fee.
A lot of them are scammers and these are the people who have given the industry a bad name.
You must particularly beware of pyramid schemes in which people earn only through building a network but do not have any product to sell. In most parts of the world, pyramid schemes are illegal, and the people involved in such an activity could be prosecuted by the law.