SlideShare a Scribd company logo
1 of 6
Download to read offline
Network Marketing – the Recommended Path to Financial
Freedom…
http://www.empowernetwork.com/d1biz stop/blog/network- marketing- the- recommended- path- to- financial- freedom   March 22, 2013



Network Marketing – Public Opinions
Mention the words “network marketing“, and many people will offer their views on the topic, ranging
from “it ’s some kinda of pyramid scheme” to “it ’s t he next best t hing since sliced bread“.



Consider the following quotes from some highly successful, very wealthy individuals.



Robert Kiyosaki, Entrepreneur, Investor, and Best-selling Author:


         Network marketing is the

         fastest growing business model in the world today.



         Network marketing gives people the opportunity, with very low risk and very low
         financial commitment, to

         build their own income-generating asset and acquire great wealth.



         If I had to do it all over again, rather than build an old style type of business, I would
         have started building a network marketing business.




Donald Trump, Real Estate Mogul, Television Personality, Author:


         I am often asked if Network Marketing is a Pyramid Scheme. My reply is that

         corporations really are pyramid schemes. A corporation has only one person at the
         top, generally the CEO, and everyone else below.
Infographic courtesy MastermindEvent.com



Network Marketing – its Biggest Misconception
There are many misconceptions about the network marketing industry, and a lot of people use
them as a basis for forming opinions and making decisions. One of the biggest, as mentioned in
Donald Trump’s quote above is that net work market ing is a pyramid scheme.



It should be noted that every one of us is (or has been) part of a pyramid st ruct ure – think
family tree, formal schooling, citizen of a country, etc.. The following image offers a comparison of
some widely recognizable pyramids.



Image courtesy Success in a Cup



Off course, in the phrase “pyramid
scheme” the emphasis is less on the
‘pyramid‘ and more on the ‘scheme‘.
This usually implies that it is some kind
of scam.



The FTC has this to say on the matter
of recognizing pyramid schemes:


       Pyramid schemes … all share
       one overriding characteristic.
       They promise consumers or
       investors large profits based
       primarily on recruiting others
       to join their program, not
       based on profits from any real
       investment or real sale of goods to the public.



       [I]n a Ponzi scheme the promoter generally has no product to sell and pays no
       commission to investors who recruit new “members.”



       Multilevel marketing programs are known as MLM’s, and unlike pyramid or Ponzi
       schemes, MLM’s have a real product to sell. More importantly, MLM’s actually sell
       their product to members of the general public, without requiring these
       consumers to pay anything extra or to join the MLM system. MLM’s may pay
       commissions to a long string of distributors, but these commission are paid for real
       retail sales, not for new recruits.


So, the following questions arise:

- what is net work market ing?

- is net work market ing t he same as MLM?

- why should you consider get t ing involved wit h net work market ing?

Let’s get to the answers to these questions.



What is Network Marketing?
Net work market ing is

a business model in which independent distributors utilize direct selling techniques to bring
products and/or services to consumers. It is an offspring of the direct sales industry.



The term ‘network‘ in network marketing has a two-fold meaning:
1) Firstly, it refers to t he net working st yle of int eract ion between distributors and customers.
This involves connecting on a more personal level by relationship building.

2) Secondly, it refers to t he int erconnect ed st ruct ure resulting from the relationships formed
between the company, the distributors, and the end consumers.



Network Marketing vs. Multi-level Marketing (MLM)
The author of the article “What is Network Marketing” at network-marketing-mlm-success-
system.com does a great job of summing up the difference:


       “network marketing” describes WHAT network marketers do!

       “multilevel marketing“describes HOW network marketers earn their commissions
       and get paid.




Let me elaborate on this.



Network marketing programs can be categorized based on their compensation structure – how
commissions are paid out. These can be either a single-t ier, t wo-t ier, or mult i-level marketing
program.



Here’s a great explanation on the differences from About.com:

     Single-Tier Net work Market ing: You sign up with an affiliate program to sell their product
     or service. You do not need to recruit other distributors and are only paid if you make a direct
     sale. Avon, is a company that uses single-tier networking marketing. In some online affiliate
     programs you are only paid for traffic you have referred to the affiliate’s website. Pay-per-
     click (PPC) and pay-per-lead (PPL) affiliate programs are other examples of single-tier
     networking.

     Two-Tier Net work Market ing: This terms applies to network marketing that pays you for
     direct sales (or traffic you refer to a website) and for direct sales or referred traffic made by
     affiliates or distributors you recruit to work under you. An example of a two-tier program is
     Ken Envoy’s Site Sell.

     Mult i-Level Market ing (MLM): Is a distribution-based marketing network that is two or more
     tiers “deep.” Some MLM programs allow you to make money five or more tiers deep.
     Examples of MLM businesses include The Trump Network, Magnetic Sponsoring, and
     Amway.
So, network marketing is NOT the same as multi-level marketing. Rather, MLM is a t ype of
net work market ing t hat describes t he compensat ion st ruct ure being used.




Image courtesy First Class MLM



Network Marketing – Brilliant Compensation
The third question we asked earlier was, “why
should you consider get t ing involved wit h
net work market ing?”



In this section, we’ll go through some of the many
benefits associated with network marketing. To do
this, we’ll let Tim Sales (network marketing/MLM
expert, coach, and trainer) provide some video
explanations.



Some Keys Benef its of Network
Marketing

1) Network Marketing Can Get You More Hours Out of the Day to Grow Your
Wealth!

2) Network Marketing Can Help You Make Multiple Times Your Income in the
Same 24 Hours a day!

3) Many Big Names Are Into Network Marketing!

4) Network Marketing Provides Fair Compensation!



Now that we have a better understanding of network marketing and we’ve cleared up some of the
misconceptions, the next logical question would be:

What t o look f or when choosing a net work market ing program. This will be discussed in an
upcoming article.



In the meantime, check out Empower Network’s program by reviewing its

- different business building products!

- super simple system!

- awesome compensation plan!


========================================================================

About The Author: Dahlia-n

Dahlia Lamy is a mathematics instructor at a university in South Jersey. Dahlia was
born and raised in the Caribbean...in the twin-island republic of Trinidad and Tobago.
Born to ambitious and hardworking parents, Dahlia has always been a go-getter.
Moved to Chicago in 2000 to further 'her' education and stayed to take advantage of the
opportunities available in the US. After allowing life to have its way with 'her', Dahlia has finally
(Sept 2012) decided to take control of 'her' destiny (financial and otherwise).

More Related Content

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

2012 12-18 network-marketing--the_recommended_path_to_financial_freedom

  • 1. Network Marketing – the Recommended Path to Financial Freedom… http://www.empowernetwork.com/d1biz stop/blog/network- marketing- the- recommended- path- to- financial- freedom March 22, 2013 Network Marketing – Public Opinions Mention the words “network marketing“, and many people will offer their views on the topic, ranging from “it ’s some kinda of pyramid scheme” to “it ’s t he next best t hing since sliced bread“. Consider the following quotes from some highly successful, very wealthy individuals. Robert Kiyosaki, Entrepreneur, Investor, and Best-selling Author: Network marketing is the fastest growing business model in the world today. Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth. If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business. Donald Trump, Real Estate Mogul, Television Personality, Author: I am often asked if Network Marketing is a Pyramid Scheme. My reply is that corporations really are pyramid schemes. A corporation has only one person at the top, generally the CEO, and everyone else below.
  • 2. Infographic courtesy MastermindEvent.com Network Marketing – its Biggest Misconception There are many misconceptions about the network marketing industry, and a lot of people use them as a basis for forming opinions and making decisions. One of the biggest, as mentioned in Donald Trump’s quote above is that net work market ing is a pyramid scheme. It should be noted that every one of us is (or has been) part of a pyramid st ruct ure – think family tree, formal schooling, citizen of a country, etc.. The following image offers a comparison of some widely recognizable pyramids. Image courtesy Success in a Cup Off course, in the phrase “pyramid scheme” the emphasis is less on the ‘pyramid‘ and more on the ‘scheme‘. This usually implies that it is some kind
  • 3. of scam. The FTC has this to say on the matter of recognizing pyramid schemes: Pyramid schemes … all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public. [I]n a Ponzi scheme the promoter generally has no product to sell and pays no commission to investors who recruit new “members.” Multilevel marketing programs are known as MLM’s, and unlike pyramid or Ponzi schemes, MLM’s have a real product to sell. More importantly, MLM’s actually sell their product to members of the general public, without requiring these consumers to pay anything extra or to join the MLM system. MLM’s may pay commissions to a long string of distributors, but these commission are paid for real retail sales, not for new recruits. So, the following questions arise: - what is net work market ing? - is net work market ing t he same as MLM? - why should you consider get t ing involved wit h net work market ing? Let’s get to the answers to these questions. What is Network Marketing? Net work market ing is a business model in which independent distributors utilize direct selling techniques to bring products and/or services to consumers. It is an offspring of the direct sales industry. The term ‘network‘ in network marketing has a two-fold meaning:
  • 4. 1) Firstly, it refers to t he net working st yle of int eract ion between distributors and customers. This involves connecting on a more personal level by relationship building. 2) Secondly, it refers to t he int erconnect ed st ruct ure resulting from the relationships formed between the company, the distributors, and the end consumers. Network Marketing vs. Multi-level Marketing (MLM) The author of the article “What is Network Marketing” at network-marketing-mlm-success- system.com does a great job of summing up the difference: “network marketing” describes WHAT network marketers do! “multilevel marketing“describes HOW network marketers earn their commissions and get paid. Let me elaborate on this. Network marketing programs can be categorized based on their compensation structure – how commissions are paid out. These can be either a single-t ier, t wo-t ier, or mult i-level marketing program. Here’s a great explanation on the differences from About.com: Single-Tier Net work Market ing: You sign up with an affiliate program to sell their product or service. You do not need to recruit other distributors and are only paid if you make a direct sale. Avon, is a company that uses single-tier networking marketing. In some online affiliate programs you are only paid for traffic you have referred to the affiliate’s website. Pay-per- click (PPC) and pay-per-lead (PPL) affiliate programs are other examples of single-tier networking. Two-Tier Net work Market ing: This terms applies to network marketing that pays you for direct sales (or traffic you refer to a website) and for direct sales or referred traffic made by affiliates or distributors you recruit to work under you. An example of a two-tier program is Ken Envoy’s Site Sell. Mult i-Level Market ing (MLM): Is a distribution-based marketing network that is two or more tiers “deep.” Some MLM programs allow you to make money five or more tiers deep. Examples of MLM businesses include The Trump Network, Magnetic Sponsoring, and Amway.
  • 5. So, network marketing is NOT the same as multi-level marketing. Rather, MLM is a t ype of net work market ing t hat describes t he compensat ion st ruct ure being used. Image courtesy First Class MLM Network Marketing – Brilliant Compensation The third question we asked earlier was, “why should you consider get t ing involved wit h net work market ing?” In this section, we’ll go through some of the many benefits associated with network marketing. To do this, we’ll let Tim Sales (network marketing/MLM
  • 6. expert, coach, and trainer) provide some video explanations. Some Keys Benef its of Network Marketing 1) Network Marketing Can Get You More Hours Out of the Day to Grow Your Wealth! 2) Network Marketing Can Help You Make Multiple Times Your Income in the Same 24 Hours a day! 3) Many Big Names Are Into Network Marketing! 4) Network Marketing Provides Fair Compensation! Now that we have a better understanding of network marketing and we’ve cleared up some of the misconceptions, the next logical question would be: What t o look f or when choosing a net work market ing program. This will be discussed in an upcoming article. In the meantime, check out Empower Network’s program by reviewing its - different business building products! - super simple system! - awesome compensation plan! ======================================================================== About The Author: Dahlia-n Dahlia Lamy is a mathematics instructor at a university in South Jersey. Dahlia was born and raised in the Caribbean...in the twin-island republic of Trinidad and Tobago. Born to ambitious and hardworking parents, Dahlia has always been a go-getter. Moved to Chicago in 2000 to further 'her' education and stayed to take advantage of the opportunities available in the US. After allowing life to have its way with 'her', Dahlia has finally (Sept 2012) decided to take control of 'her' destiny (financial and otherwise).