What is Network Marketing? Network Marketing Kya Hai In Australia: Whenever it comes to earning, the name of network marketing i.e. multi level marketing also comes. This is because many people are already earning money through this and many people are still earning money by doing this work. There are many companies in India who are selling their product or service to the customers through network marketing. And many multi level marketing companies are also helping the manufacturers to do this work.
This type of work has reached its peak in the US and other western and European countries, but there is still a lot of potential for network marketing to grow in India. This is because the people of India still view this type of marketing with a slightly negative perspective. This is because before adopting any new idea in India, there is a flow of orthodox thoughts in the mind of the people which is always different from reality.
Especially when it comes to finding a permanent means of earning in India, people are hesitant to make network marketing a full time earning source, that is, they do not want to take risks. Because in their view multi level marketing is similar to the work of a salesman. In which a person has to sell goods from door to door, while this is not the whole truth.
What is Network Marketing in Australia | What is Network Marketing?
Generally any company has two ways to reach its products to the public-
(1) Traditional Marketing
(2) Network Marketing (Direct Selling)
What is Traditional Marketing ?
We know traditional marketing very well. Under this, the company takes the help of many types of middlemen like distributor, wholesaler, agent, retailer etc. to make its product reach the public. Apart from this, they also get advertisements done by paying huge amount to famous superstars. Affected by which the customer starts buying the same product from the market.
When the Internet era was not so widespread, information on companies' products was not accurately available to consumers. In such a situation, the desired price was collected from the consumers by middlemen, wholesalers, agents.
In the traditional market, goods from companies or factories reach the customers through transportation through wholesalers, agents, retailers. Due to which an attempt is also made to collect the commission of the middlemen from the customers. Apart from this, the burden of expenditure on the advertisement of the product also falls on the consumers.
What is Network Marketing? What is Network Marketing?
Network marketing, also known as multi-level marketing. A business model in which a pyramidal structure of people serves to sell a company's products or services. The participants in this network are usually remunerated by the company in the form of commission. Participants in this network are given a commission every time they perform a specified task.
This specified act may be the sale of a product or service performed by him or any person associated with him. That is, whenever a product or service is sold by him or any person connected with him or any person engaged by that person, he gets commission.
In simple words if we try to understand network marketing then it is a network structure in which the participants involved are not paid any salary by the company but then they are given commission when someone joins the network under or under them. it happens. The sale is done by the individual. In this system the customers themselves are the participants of this network and their family, friends, relatives are their customers. Thus this cycle continues.
benefits of network marketing
Network marketing has been a means of earning people not only in India but all over the world. Generally people like to do it as part time work. Therefore, it has many benefits, whose list is as follows.
One does not need to invest a lot to enter this business called network marketing. That is, if the person needs to promote the product through the network, then he can easily join by buying this network.
This type of business is open to all. Be it of any gender, age or caste.
There are already experienced and knowledgeable people in this field to explain it to the newbies, who can help the person to reach the destination in this journey.
Anyone can start network marketing as a part time business. So any employed or student can also start it.
Since companies provide an already established system to the people, there is no need for an individual to create a separate system.
Many companies also provide free education and training to people to be successful in this business.
No formal education or degree is required to be a part of these types of programs.
It can become a great source of passive income.
How does network marketing work?
Currently, millions of people around the world are creating this overlooked industry called networking marketing. But still there are many people who want to know how this system of network marketing works. That's why we are trying to focus this article on this topic. As we all know that network marketing is such a marketing strategy in which the buyer of the company's product is made a part of it.
And they are motivated to bring more customers to the company so that they can get commission on the sales made by them. As far as this multi level marketing is concerned, it is such a link between the company and its customers in which the profit earned by the company is distributed among its customers in the form of commission.
For example – today suddenly after five years your friend Vinod gets a call and he invites you to meet him. When you meet him, you talk to him about your deteriorating health and in such a situation, he advises you to buy a product of a particular company. And it also tells how he too will get commission from this purchase. And if you also add someone under you to this network, then you will also get commission on the purchases made by him and other people added by him.
This way the sequence goes on and whenever a participant below a person purchases a product, their commission gets credited to their account. As each participant is issued a unique code etc while connecting to the network and each participant has to enter this code while registering. Which makes it easy to find out which participant is below whom.
How to Join Network Marketing?
Well, there are thousands of network marketing companies in India and you must have often seen that there will be many people in your neighborhood or relatives who will be associated with a multi level marketing company. So many times they may have asked you to join this network as well. But if you want to make networking marketing as your means of earning, then you have to decide which MLM company will be suitable for you by doing your own research and study, not on the behest of anyone.
Because every company has its different products and some companies also cheat the customers. Therefore, before choosing a product and company, a person needs to do a lot of research and study to ensure that the network marketing company he joins is reliable and the products of that company are sold in his community. are worth.
Also, weigh the product by its price so that it is not expensive enough to convince people to buy it. After analyzing all the above things, it should be decided that which company he should join. People often make the same mistake that they join any MLM company after coming to their relatives, neighbors, etc., but they are not able to succeed because they have not taken care of the above mentioned things.
However, we also do not say that one should not come into the talk of relatives at all. Rather the company they are requesting you to join. One must assess the credibility of that company and how likely the product it produces is to be sold in the community. Only then you will be able to earn money from network marketing.
How to choose a good network marketing company?
In today's time, the scope of MLM i.e. multi level marketing i.e. network marketing has become very big. Many companies have come and gone in the field of network marketing. Many companies have cheated people a lot, due to which people have suffered huge losses.
In today's date there are many MLM companies which are doing fraud. In such a situation, these fraud companies harm both the time and money of the people. So it is very important to be careful before joining any company.
Before joining any multi level marketing ie network marketing company, it is very important to keep the following things in mind –
- Find out about the company on Google, as well as investigate the company's website and company's head office.
- If you believe that the products or services that the company is selling are unique. People will buy the products or services made by the company only then you join the company.
- Find out who is the owner of the company, when the company was established and how many days the company has been working in the field of network marketing.
- Whether the company has a manufacturing unit of the product or services the company is selling in the market.
- The company must have a suitable license issued by the government.
- What is the privacy policy of the company, you should know all these things, how to work in the company and what are the rules of the company.
Why do network marketing?
By the way, this question may come in the mind of any person like you that why should I do network marketing? That's why I am telling you here such reasons, because of which you should do network marketing-
Extra Income – If you are not able to save even 10 thousand rupees a month due to running household expenses, then network marketing business can prove to be a boon for you. That's why you must do this business.
Own Business – If you do a job and you are fed up with the job from 9 am to 5 pm then you can start this business in part time. And when you start earning so much that you don't have to work, you can leave that job and go into your own business. A job is such a thing that you can fill your stomach, but you cannot fulfill the hobby.
Stress free life – If you are fed up with your boss scolding all day long and want to get rid of your boss then you must do this wonderful business so that you can lead a stress free life.
Fulfillment of dreams - I have seen many such people who earn their livelihood only from their job, they are not able to see the view. Network marketing is such a business from where you can fulfill your dream in just 3-4 years. Job is such a thing that neither let you die of hunger nor let you become a millionaire. So if you also aspire to become a millionaire or millionaire, then I would say that this is the best business for you, that is, it is a very good business for you.
Low Capital (Low Investment) – If you want to open a tea shop or paan cart shop, then you have to invest at least 15,000 thousand rupees to start this business. But network marketing is the only business that you can start with less capital.
Organization of people – By doing network marketing, you can build a team of many people like you. Then these people will also make a team for themselves, which will automatically increase the number of people in your team and thus you will have a big organization of many people and you will be the leader of that organization.
Freedom of Time – It is generally seen that a job worker works only from 9 am to 5 pm. And by the time he reaches home from office, his kids are already asleep. Children cannot even see their father's face. That person is tired and he also goes to sleep after eating and drinking. Then wake up in the morning and go here and there little by little at nine o'clock, by then it is time to leave for the job. Then in the evening, exhausted from work, he eats, drinks and sleeps and thus half his life is over. When the time of retirement comes, old age also comes and his earnings start being spent on his treatment. There is no time to enjoy life but the point of network marketing is different, here once you build your team, you have time because you have a team to do your job.
No Qualification Required – You must have a degree to do all the work in the world, otherwise you cannot do that work. And the biggest advantage of network marketing is that no degree or diploma is required to do this work. Just you should have the passion to work hard to do this business because it will give you success, not degree-diploma.
Respect and Recognition – Helping each other is the only way this business can grow and your team will give you respect when you help your team members to succeed like you.
Leadership Ability – As your team grows you will develop the leadership skills to manage your team and you will become the leader of your industry.
Unlimited Income – It is said that money is not God but no less than God. When you become successful in network marketing. Even without wanting, money keeps coming in your account, due to which you always have a permanent income. And here you do not get a fixed income like a job, but you get an increasing income.
Different types of new information – When you join any network marketing, you get to learn new things from the people of your team. Like what's going on in the market right now? What is going to happen after the next 10 years and so on.
Support system – When iron is dropped in water, it sinks in water and when the same iron is thrown in air, it falls down. But when a system is installed in this iron, then this iron starts floating in water like a ship and starts flying in the air like an airplane. This is the strength of the system. The system of network marketing has so much power that it can reward you handsomely. Here you get full support of your seniors to move forward.
Level of Thinking – Your thinking gets bigger.
Fulfill your dream – You can fulfill your dreams in 3-4 years.
Motivation Power – You will have to face a lot of difficulties and troubles while doing the business of network marketing. Which can make you disappointed. For this your seniors motivate you so that you can achieve your goals.
No Risk – Starting any business requires a huge capital and returns twice as much as the amount of capital invested, but with it comes the risk of business sinking. But there is nothing like this in network marketing. This is a business in which there is no risk of capital sinking as you also get business opportunities and products in return for your given money.
Apart from all this, even after joining a network marketing company, you get to learn many things for free such as –
Communication Skills – How to impress people with your conversations?
Relationship skills – how to build and deal with people?
How to be successful in network marketing?
Talking about how to be successful in network marketing, it completely depends on you. You cannot become rich overnight with this business, but if you are determined then you will definitely get success. Because success is not achieved in a day, but it definitely comes in a day. So what do you have to do for this? Nothing, just follow what is being said next.
Attending Meetings – If you want to be successful in this field then you have to attend meetings. Many such things are taught in the meeting. Those who are easy to achieve success after learning because by learning it is possible to fly an airplane and without learning it is also difficult to ride a bicycle.
Read Books – In books we get many experiences from the life of authors for free. So read books of authors related to your field and learn from their mistakes because we don't have enough time to keep making mistakes throughout life, so it is better that we learn from others mistakes.
Follow Upline – A big mantra to be successful in this business is to follow your upline and believe what they say. Because they have come before you in this area and they know the way of working very well, so do not ignore what your upline says.
Apart from this, follow these things so that you will be 100% successful-
- Do daily planning and follow-up.
- Always stick to your dress code so that you look professional.
- Keep in touch with your upline or senior.
- Improve the way you communicate.
- Always keep yourself motivated.
- Be passionate about your dreams.
Disadvantages of Network Marketing
By the way, after reading so much about network marketing, you must have come to know that what is its importance? And how profitable is the business?
But along with this there are also some things due to which there are some disadvantages of network marketing as well-
Fear of losing money – There are some people who join under the guise of a useless company without doing research about the company and say that network marketing is bad, a lot of my money got stuck. If you too accidentally join an unknown company and later you even think of leaving this company, then both your money and time will be wasted.
Being a victim of people's pranks – If you leave network marketing then people around you will get a chance to ridicule you. And I will tell you different things.
Long Time to Succeed – Yes, it will take you 3-4 years to be successful and this is the reason why some people leave it in the middle and then make others negative. If you cannot keep patience for 3-4 years then this business is not for you.
Notoriety of MLM because of Fraud Company – It is said that one dirty fish makes the whole pond dirty. Similarly, some fake companies have spoiled the name of this system. Due to which people's attitude towards network marketing has deteriorated, so people keep calling this business bad. But people don't think that a game is not dirty, rather it is the players who make the game dirty.
There are other disadvantages of joining network marketing. such as -
When someone joins a network marketing company, his relatives think that he is trapped in that company and on going to show the plan, they think that they have come to woo us too or sometimes they suggest to leave the company when they meet. But they say so because of their ignorance, when once you start showing the result of your work, these people again ask – how much money do you take from network marketing business?
work in network marketing
Network Marketing / Direct Selling is one of the emerging magic business of emerging India. That is why it is also called multi level marketing (MLM) along with network marketing. Because people shy away from coming into this business. Because after coming in this, it is a big challenge for them that how to be successful in network marketing? This is often due to a lack of information. So, if you are doing this business and have taken care of the following things, then understand that your question will end that how to be successful in network marketing? So let's know what to do to be successful in network / direct marketing –
Understand company principles well
People are initially nervous to connect with you. Therefore, first of all, you should have complete information about the product of your company, only after collecting all the information related to the company, meet new people so that you can easily remove the fear of their mind. Try to keep the smallest information related to the company.
Focus on product sales
You pay attention to complete details about your company's products as well as their sales. So that people can understand its quality. Use first then believe. Because only when you use your experience and share it with others people will believe in you.
create new representatives
Since this business is based on buying and selling of products. And the higher the sales of the company's products, the higher your income. So try to have good 'plan showers' and be prepared to buy and sell products in your group. So that with the help of each other, the turnover in your group can be maximum.
build a great network
If you want your income to keep increasing even if you don't work in future. So to do this you have to work hard for few years in your team with full dedication i.e. downline, energetic, positive thinking, passion to move forward, big dreams and some leaders who are determined to work diligently for those dreams. Huh.
When a lot of active leaders in your team reach new dimensions, they will start earning 100% big income. You also have to follow some basic conditions. As a result, you will also start getting consistent income, whether you work or not. This is the wonder of online network marketing.
Select the plan show from the interview
In network marketing you can do an important job to advance yourself and all the members of your team. And that is to first interview some energetic people in your team, then assign them the task of doing a plan show according to their ability. Give them complete information about network marketing. Also, keep boosting their morale from time to time.
work together as a team
To keep moving forward in this, the most important thing is to work together with the members of the team. It requires that you first build an enthusiastic team. And make sure your team members are dedicated as well as excited to work with you step by step. Also, have the courage to face all the difficulties that come your way. No matter what the difficulties, if you have the passion to move forward together then no one can stop you and your team from reaching new heights of success in this network marketing.
Encourage people on your team to buy and sell products
This type of business is dependent only on independent distributors and active customers. Since it is also called director selling business. Therefore, by forming your group, keep encouraging the members to buy the product and encourage them to do retail sales as well.
History of Network Marketing
Network marketing was started in 1930 by the great American chemist Carl Reinborg. He told about the dietary supplement in the form of food that it gives tremendous benefits in health. To make this supplement accessible to the public, he started the first network marketing company based on the supplement named "California Vitamin Company". Thus the first network market started from there. When this network marketing company started doing well, in 1939 the name of this company was changed to Nutralite.
future of network marketing in india
Network marketing was started in India in 1995. Since then it is true that there has been a flood of network marketing companies all over India. Due to the huge growth of these network marketing companies in India, the Government of India issued special guidelines on 12 September 2016 for growing companies in India.
Since the issue of Guidelines for Network Marketing, there has been a flood of such companies in India. What is the future of network marketing in India? In response to this, it is being said that the promotion of these network marketing companies is likely to happen even faster. According to the report of FICCI and KPMG, an organization of the Government of India, the turnover of the network marketing industry can be up to 625 billion (62500 crore) by 2025. That is, the future of direct selling in India is looking golden in the coming few years.
In the context of network marketing i.e. direct selling, scientist and former President Dr. APJ Abdul Kalam has also said that- “Network marketing is the most growing business of the 21st century.
The truth and lies about network marketing
Fact – Network Marketing or MLM is a well thought out business plan or medium. With the help of which all network marketing companies sell their products. If seen, in network marketing, people directly connect with the company and deliver goods to the consumer. There is so much power in the business of network marketing that thousands and millions of people can become millionaires as soon as possible.
Lie – Network Marketing is a very good industry. But the name of network marketing has become infamous due to some false and fraudulent network marketing companies in the world. Some MLM companies disappear by showing big false dreams, taking money from people. Due to which the name of other network marketing companies working in the country becomes infamous.
Many companies come and entice people by showing their binary plans (chain system plans) and run away with their money overnight. And when their lies come to the fore in this way, then people develop negative thinking towards such companies.
conclusion
Network marketing is a great opportunity for those people. Who have high spirit to start business. But due to lack of financial condition unable to start business. In the field of network marketing, if a good company is selected and hard work is done, then employed people can get great success. If a person does the work of network marketing in the right direction and honestly, then he can get the top position because there is no end to earning money in this field, you can earn as much money as you want.
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