Also known as Multi-level marketing (MLM or Direct Marketing
• A business in which a distributor network is needed to build the business. Usually such businesses are also MLM in nature in that payouts also
• Direct Selling Generates $110 billion worldwide
• Over 300,000 people worldwide joining the direct-selling industry each month
• 61 million people worldwide in the industry doing business in more than 170 countries.
“This Industry gives people the chance to make the most of their lives…”
— Bill Clinton
“…The best investment I ever made.”
— Warren Buffet
“Be in the right place, at the right time, and do something about it.”
— Ray Kroc
Founder of McDonald’s
Three criteria that a network marketing company must meet to make it a most desirable opportunity: They are:
1. Stability: 90% of all network marketing companies fail in the first 18 months. Financial stability is crucial.
2. Ground Floor: Harvard Business School stated that if there were less than 500,000 people involved, you would be on the cutting edge of a great opportunity. If the company has less than 100,000 distributors, Harvard Business School considers it to be a once in a lifetime opportunity.
3. Momentum: This period usually lasts 2 to 4 years also. This is when the company experiences phenomenal growth. Distributorship explodes ....in terms of expanding growth, and during this period a company virtually …..sweeps across the nation. When a company reaches $50 million annually, they reach “critical mass”, Also approximately 2/3 of the company’s growth of new distributors occurs during this period. Let’s assume you have an organization which is producing an override bonus check to you of $1,000 per month. When the company reaches “critical mass”, distributors automatically experience a ten fold increase in their earnings. In other words, $1,000 per month becomes $10,000 per month. This is the reason for getting involved on the ground floor, or as early as possible so you will experience the benefits of explosion growth.
4. Stabilization: This period lasts for the life of the company.
Showing posts with label how to market online. Show all posts
Showing posts with label how to market online. Show all posts
Sunday, March 8, 2009
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