How to Make Money Online With Network Marketing or MLM
Network marketing or MLM is one of the most powerful passive income systems on the internet. The income potential of network marketing can be explosive.
In his book Rich Dad Poor Dad, Robert Kiyosaki writes:
“When I speak to adults who want to earn more money, I always recommend the same thing. I suggest taking a long view of their life. Instead of simply working for the money and security, which I admit are important, I suggest they take a second job that will teach them a second skill.
Often I recommend joining a network marketing company, also called multilevel marketing, if they want to learn sales skills. Some of these companies have excellent training programs that help people get over their fear of failure and rejection, which are the main reasons people are unsuccessful.”
Many people however come online with a bad experience with offline network marketing and thus tend to shy away from online network marketing.
Online network marketing is however different from the traditional offline network marketing that required you to make cold calls, run newspaper classified ads, and radio ads among other marketing strategies in order to generate leads. What’s more, you no longer have to hold your family-get-together at ransom anymore with all the lead generation methods available today.
In this article, we’ll look at several tips to succeed with network marketing or MLM.
Join network marketing companies with good uplines and training systems:
The strength of your upline has a significant influence on your success with network marketing because good upline offers you excellent support.
A good upline should also be abe to offer support to your downline so that you can concentrate on generating leads. You see, if you don’t have a capable upline to tap into, you’d have to learn how to generate traffic and leads all on your own, then train your downline so that they are equally competent in traffic generation. Otherwise, your downlines will just quit after a few months and sad to say, you are back to square one.
What that means is that if your upline is not reliable, you’ll need to develop a system to train your downline, their downline and so on so that your network keeps growing exponentially as well as your income.
You can easily do that if you are an experienced internet marketer but if you are not, then you should consider joining a network marketing company with a reliable training system and/or under a capable downline.
Ideally the network marketing company that you join should have a good training system and a proven marketing system that convert prospects into downlines at a decent scale. This allows you to focus more on generating leads and sending them through the training system.
Invest in advertising or be patient:
To get on track to success with network marketing fast, you must be willing to advertise at the beginning.
This is not to mean that you shouldn’t use free traffic generation methods such as article marketing, forum marketing, social networking etc. on the contrary, you should have as many free traffic and lead generation strategies in your mix alongside the paid ones. Why do I say that?
You see, while these free lead generation methods are free, they are quite slow and you wouldn’t see immediate results. For that reason, you ideally want to advertise at the beginning while building your free traffic.
Be prepared to do some real work.
Contrary to what many people want to make you believe, network marketing is not a get-rich-quick scheme. Of course there are lots of people that explode their income, sometimes to millions of dollars within a few weeks or months but you must be prepared to do the work it takes to succeed.
If you only join a network marketing program and stop there, then you can be sure that you will go nowhere, but if you diligently and passionately grow your network, then you’ll truly enjoy the real power of network marketing.
Advantages of MLM or network marketing
- Your income grows exponentially and is potentially explosive.
- You don’t need to offer any customer support especially if you have a good training system.
- When your downline grows enough, you might not have to do anything anymore. That’s, you keep earning even when you don’t work.
Disadvantages of network marketing
- You must be prepared to spend on advertisement at the beginning as your free traffic and lead generation system grows.
- Income is low at the beginning and can be discouraging. This is where most people quit, but those that stay on succeed.
Summing up:
If you’d like a passive income source, the multilevel marketing is for you. All you need to do is to sign up with some network marketing company online and start building your downline. Here are some few popular ones to get you started building your network marketing business but before you go, please leave us a comment using the form below.
Pyxismpreneurs (Travel and vacation network marketing company)
Herbalife (weight loss network marketing company)
Marykay (Cosmetics network marketing opportunity)
Lifepathunlimited (a personal development MLM company)
Wishing you success with Network marketing,
Kevin Njoroge
(1 votes, average: 5.00 out of 5)
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I really like the idea of passive income that keeps growing even when I’m not working. However it seems that you have to pay to join most of these MLM programs
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This post really educate those people who think that doing online network marketing is an easy source of money. The same with starting with your own business, of course there is a need for people to be ready in providing an amount of money. This source of income is just the same with the others, a lot of patience and hard-work is still needed. Great post!
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Thanks for stating some advantages and disadvantages in network marketing. I see that this will surely gives me lots of benefits. Some disadvantages that you have post can easily work out. Glad to read this over, be back for more tips and advices.
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MLM is a good internet making money system but people need to be careful and make a survey first before joining a MLM programs.
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Twitter: corchan
says:
A great post, Kevin. I agree MLM is not a get-rich quick scheme. You have to put some hard work at the beginning before seeing any income.
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Twitter: techfreaks
says:
Even I am a great fan of the book “Rich Dad Poor Dad”. Networking and giving money making tips to others can help you getting good money by affiliate marketing. Also network marketing is a rising trend in th industry!
Tech Freak´s last blog ..How to hack a Twitter Account Profile
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I suppose the main fear why some people dread MLM is that it somehow requires upfront money to invest first before you could actually get in. I’m not familiar with how other schemes work for what’s probably makes it not so attractive to say the least compared to affiliate marketing which has more safety net and easier to manage plus it doesn’t have upfront fees of any kind.
Amanda from Unemployment Office´s last blog ..3 Best Alternative Means of Coping with Unemployment
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Network Marketing, also called MLM or Multi-Level Marketing..Network Marketing truly is the most powerful financial growth tool known to mannow a days..and this tips are so useful and initial for that..
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Patience, patience and…patience. Only then you will succeed in MLM.
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I want to say thank to the blogger very much not only for this post but also for his all preceding efforts. …
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I’ve really enjoyed the various articles here and the blogs. There is so much information here that I couldn’t finish it all in one day. Thanks for this, it’s great.
I look forward to learning so much from this site. Thanks so much
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The idea of having a second income source (or even more) and continuous improvement is not just a good idea, but in these times is donright essential. Thanks for reinfocing this message, and I look foreward to more from your blog.
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Twitter: cafeblogger
says:
This is a great post. Thanks for posting Kevin
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Thank you for these wonderful network marketing tips. Now I understand why I haven’t made hardly any money yet for I am only using free traffic building methods. It’s time for me to add some paid methods.
Thanks again,
Sandy L Murray
Free Home Business Opportunities
Sandy L Murray´s last blog ..The Secret to Success
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thanks for your useful tip, how long will it going to take to bring a page in the fist page in Google? will try this
thushy´s last blog ..Make Money Online – Internet Marketers Challenges with Creating Content
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Hey i need to find a way to make money online. I just want a little source of income. What i dnt like is those little ptc sites that pay you like .10 cents every now and then and you make like 2.00 a week.
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I found this to be a very honest post, thanks. Kick starting your advertising is wise advice and a wise business investment. It can be resonable, too, not crazy amounts, and definatley less then buying leads to cold call. I found Adwords to be a great add platform and more and more these days, Facebook.
Terry Tiessen´s last blog ..Magnetic Sponsoring Success Story…You can Do It!
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Twitter: hariombalhara
says:
Monetizing websites, blogs, etc is a good way to earn some passive income…
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Yeah agree with you
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Super site! Your style is so much better compared to most other bloggers. Thank you for writing when you do, I’ll be sure to return!
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