Network Marketing
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Network marketing relies on independent marketers to recruit new members and receive a percentage of sales from products and services. Costs vary by company but typically include a sign-up fee, and success increases over time. Marketers should begin by selling to friends and family, create a website, and use social media, while ensuring the company is legitimate and not a pyramid scheme.
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Network Marketing
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Editor's Notes
- Welcome to NextBee media’s online marketing brownbag. We have created this short video as a webinar for businesses in our community that use our software platform for their word of mouth marketing campaigns. We hope everyone involved in the online marketing field finds this introduction helpful. If you have any questions about the content covered in this session or would like to know more about NextBee media and how we can help you get the most from your word of mouth campaigns, then please, feel free to call us at 415 738 8290 or visit us at NextBee.com.
- In this presentation we will look at network marketing , the resources required, along with the action plan, tips, and additional considerations for running your campaign.
- Cost and timeframe Network marketing is a direct selling method of moving products and services which relies on independent marketers who set up their own small businesses - sort of like mini-franchises; and have a certain degree of freedom in how they sell their products. A network marketer recruits new members, and receives a percentage of the sales.
- Cost and timeframe Network marketing costs vary from company to company, and from individual to individual. Most companies charge a sign-up fee for new members which covers training materials and sales kits. There is no particular timeframe for network marketers to achieve success, but generally the longer you stick with it, the more success you will have.
- Execution details What network marketing companies typically want new recruits to do is to begin by selling to their friends and family and then expand further. Creating a website can lead to quick sales, and is a great way to start networking online. Using social networking sites is an increasingly popular way to create leads and find interested potential customers.
- Tips You need to make sure that a company is legitimate and not merely a pyramid scheme also if the products are useful and something that you can see people wanting. Communication is extremely important for network marketers, so having a cell phone dedicated to your business will help.
- Additional considerations Using video and podcasting are great tools to use the internet for training purposes, not to mention for advertising and recruiting.
- We hope this video has answered key questions you have in mind. Incase you have further questions then please visit us at NextBee.com.