The Rights And Wrongs Of Business Networking
Networking as part of your business is a very important tool for getting your message out there and for people to be able to find your business. There are of course right ways to go about networking whether it is social networking on the social media websites or business networking at the local networking association you need to conduct yourself in a certain manner.
In the 1990s there were such things around known as pyramid schemes which had a similar product model to multi level and network marketing. It is a sad truth that there where many shady businesses men creating these pyramid schemes with purpose built design built flaw in the design that meant only the designer got rich.
The stigma that these pyramid schemes caused with regards to any multi level or networked opportunity has stuck with the industry today. Many multimillion dollar companies are now using network marketing as a sound business modal with great success for both the company and the distributors.
Times have changed for the network marketer and it has developed in such a way that it is taking on board the more recent wave of internet marketing to help promote both its product and its business opportunity. The internet is now seen as a way to jump start your services into profit. The amount of people that are actually searching for opportunities online is phenomenal and all you need to do is harness some of that traffic to your own recruiting website, it certainly beats talking to every unsuspecting passerby.
You may have probably heard the 80 to 20 rule of building your business in network marketing; spend 80 percent of your time selling and 20 percent recruiting people into your team. The true fact is no matter what they tell you in training it is definitely the other way round, you should be spending the majority of your time recruiting not selling.
Residual income is the key to any network marketing strategy; you have to build a team of people to carry on your good work for your commissions to keep building. The fact is that most distributors will become customers anyway, and then you are killing two birds with one stone. Look after your distributor network and they will look after you in the years to come.
You do not have to pay for expensive adverts to benefit from social media; just being chatty about the subjects that interest you can be enough to get people reading those posts then slowly lure them into your networking strategies. It is all about striking up relationships and getting people to trust what you say or what you want to sell.
What social marketing is not about is constantly ramming your business down their throats in the hope that they eventually join. This is likely going to get you taken off their friends list if anything and will certainly not do your reputation any good. You need to think help full and do not be scared to give away a golden nugget of information every now and then you will benefit from it eventually.
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