VRITIMES
VN
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Xuất bản tối thiểu trên 5 phương tiện truyền thông chỉ với 490.000 vnđ 245.000 vnđ?
Thử ngay >>
press release

/ What is Network Marketing and How does It Work?

What is Network Marketing and How does It Work?

PR College by VRITIMES
preview

Network marketing is a business model where an independent salesperson sells products from a parent company. It requires salespeople to assist with the leaders.   

If you are to join a network marketing company, it is essential to understand how it works and how to do it properly. Read this article below to understand how network marketing works.       

What is Network Marketing?  

Network marketing is a decentralized product-selling system of a company. So instead of hiring a bunch of full-time salespeople, the company allows individual salespeople to sell the products based on commission.  

Many companies in various industries have used this system, such as the beauty and clothing industry. Besides that, insurance companies also use this system to sell all their products. Before joining any network marketing, one needs to research and ensure its profitability.  

How does Network Marketing Work? 

Network marketing requires the salespeople to build networks of business partners to assist with lead generation and closing sales. This system commonly requires the salespeople to purchase products from the company in bulk and sell them at higher prices. They can sell it to their relatives, friends, and even colleagues.  

Some companies do not require the salespeople to do the bulk purchase. Instead, when the salespeople manage to sell their product, they will pay them the commission with a particular calculation. 

That commonly applies to the insurance company. The salespeople even do not need to buy the product. However, by buying the product, they can increase the potential buyers’ trust. 

When the person who sells the product uses the product, the potential buyer tends to believe that the product is good and useful. But still, the salespeople do not need to make bulk purchases as it is a financial product, not a tangible object.  

In this system, the salespeople can set and control their schedules and working hours. The companies that operate this system commonly do not set sales targets as they have got revenue from the salespeople’s purchases. 

This system allows the salespeople to set their targets and they will be fully responsible for their goods. Therefore, the company does not need to worry about the salespeople's performance and salaries.  

They even tend to be more responsible and target-oriented than full-time employees because it is commission-based, which means they do not get paid until they manage to sell the product. 

When they manage to sell a product, they will get a profit or commission, as well as the leaders who hired them. Speaking of which, the hiring process is quite simple. The salespeople commonly just have to be hired by their acquaintances who have become leaders and pass a simple test. So, there will be no interviews with HR, users, etc.         

Tips to Join A Network Marketing  

Follow these tips below to choose and join a network marketing: 

- Find your passion and choose a company that provides a high-quality product that you like or at least you use. This will make it easier for you to promote and sell it.   

- Do your research and compare a few companies that run network marketing systems. You can use the internet to research and ask your acquaintances who have become salespeople in those companies. Find out about the payment system, the upline policies, the support they provide to the salespeople, etc.  

- Be resilient and patient; finding your first customer and building a network is difficult. Its process may take some months. When you start becoming a salesperson in network marketing, set your focus on increasing product awareness and your branding as a salesperson as well. This will let people know that you sell that product, so they will contact you when they need it.  

That is how network marketing works and some tips to do it. Remember that becoming a successful salesperson in network marketing will take some time. But do not get carried away by time.    


Categories
Advertising / Promotion / PR

Other Press Release
Advertising / Promotion / PR
The Marketing Mix Evolution from 4Ps to 7Ps Element
PR College by VRITIMES
May 13, 2024

Advertising / Promotion / PR
The Difference of Marketing Funnel for B2C vs B2B Business

Advertising / Promotion / PR
The 7Ps of Marketing Mix, A Shortcut to Define The Right Strategy

Advertising / Promotion / PR
Marketing Funnel : Definition, Stages, and Examples

Advertising / Promotion / PR
How to Optimize Marketing Funnel and Measure Its Effectiveness?

Advertising / Promotion / PR
How the Marketing Funnel Works on the Customer Journey?

Advertising / Promotion / PR
From 4Ps to 7Ps: Towards an Integrated Marketing Mix

Advertising / Promotion / PR
Marketing Mix & The 7 P’s Of Marketing

Advertising / Promotion / PR
Marketing Mix: The 4 Ps of Marketing and How to Use Them

Advertising / Promotion / PR
Digital Marketing Overview: Types, Challenges & Required Skills

Advertising / Promotion / PR
DIGITAL MARKETING AS A MARKETING STRATEGY: BENEFITS OF USING DIGITAL MEDIA AND ITS ADVANTAGES

Advertising / Promotion / PR
Understanding, Types, Benefits and Strategies of Social Media Marketing

Advertising / Promotion / PR
Public Relations is A Must, Why and How?

Advertising / Promotion / PR
Press Release : Definition, Format, Objectives, and Types

Advertising / Promotion / PR
Online Marketing 101: Everything You Need to Know

Advertising / Promotion / PR
Sales Marketing Staff Skills and Job Description

Advertising / Promotion / PR
What is A Press Release and How to Publish It?

Advertising / Promotion / PR
Public Relations Officer Qualification and Job Description

Advertising / Promotion / PR
Press Release Structure for Beginners

Advertising / Promotion / PR
12 Tips to Write a Press Release that Compels the Audience

Advertising / Promotion / PR
Simple Content Marketing Strategy Guide for Beginners

Advertising / Promotion / PR
13 Top Marketing KPIs to Track Your Campaign’s Success

Advertising / Promotion / PR
Mastering TikTok: 7 Crucial Tips to Launch Your Company's Presence and Popularity

Advertising / Promotion / PR
7 Easy Steps to Create a Social Media Marketing Strategy

Advertising / Promotion / PR
Kickstarting Digital Promotions, Get to Know The Key Tools and Paths for Digital Marketing Beginners

Advertising / Promotion / PR
Simple Steps to Monitor and Boost Your Press Release's Progress and Traffic

Advertising / Promotion / PR
Unlocking the Marketing Wizardry behind Indonesia's Soaring Cosmetics Industry

Advertising / Promotion / PR
Why K-Pop Stars Dominate Brand Endorsements: Decoding Their Marketing Appeal

Advertising / Promotion / PR
Top 6 Marketing and Advertising Strategies Expected to Dominate 2024

Advertising / Promotion / PR
Pioneering Success Through Press Releases? Evade These 5 Errors to Refine Your Marketing Tactics

Advertising / Promotion / PR
Tips and Tricks: Tạo thông cáo báo chí cho các Doanh nghiệp nhỏ và Startups

Advertising / Promotion / PR
5 Top Influencer Marketing Trends in 2024, Don't Miss It!

Advertising / Promotion / PR
7 Content Creation Trends to Watch in 2024

Advertising / Promotion / PR
B2B Marketing Strategy

Advertising / Promotion / PR
Effective Strategy to Write Press Release for Automotive Industry

Advertising / Promotion / PR
How to Determine a Marketing Target?

Advertising / Promotion / PR
The Importance of Press Release Report for Brand

Advertising / Promotion / PR
Short, Snappy, and Shareable: Crafting Social Media-Ready Press Releases For Gen Z

Advertising / Promotion / PR
Remote PR Mastery: Navigating Effective PR Campaigns in A Remote Work Setting

Advertising / Promotion / PR
5 Ways Press Release Can Boost the Brand Awareness

Advertising / Promotion / PR
8 Public Relations Tactics for Small Businesses

Advertising / Promotion / PR
10 SEO Techniques for PR

Advertising / Promotion / PR
How to Plan a PR Event?

Advertising / Promotion / PR
Breaking Language Barriers: Crafting Multilingual Press Releases for Your Global Audienc

Advertising / Promotion / PR
Effective Strategies for Crafting Press Releases to Support Charitable and Social Campaigns

Advertising / Promotion / PR
CLEVER TRICKS TO MAKE YOUR PRESS RELEASE GO VIRAL ON SOCIAL MEDIA BY OPTIMIZING HASHTAGS

Advertising / Promotion / PR
Redefining Influencers in PR: Collaborating with Micro-Influencers to Spread Your Message

Advertising / Promotion / PR
Wise Handling of Negative Social Media Reviews, Turning Criticism into Opportunities

Advertising / Promotion / PR
The Secrets Behind Perfect Timing by Optimizing the Best Times to Send Press Releases

PR College by VRITIMES
URL
https://www.vritimes.com
Industry
Technology
Weekly Release Ranking
Jun 17, 2024 2024
AllianceBernstein Việt Nam tham gia Hội nghị thượng đỉnh kinh doanh khoáng sản đất hiếm 2024 tại Việt Nam, thảo luận về cơ hội mới cho công nghệ phát triển xanh của "năng lượng khoáng sản"
AB Vietnam
VRITIMES Video
vritimes na euvritimes jpFree consultationManual Ebook VietnamPR College