Network Marketing Franchise Opportunities

How does network marketing differ from a​ franchise opportunity? Usually individuals will associate with a​ parent company on​ the​ basis of​ being an​ independent contractor or​ franchisee - the​ remuneration comes as​ not just by the​ products they sell but by the​ sales efforts of​ those recruited into the​ business.

One can liken this in​ certain aspects to​ some franchise opportunities whereby royalties are paid from the​ sales of​ individual franchise operations to​ the​ franchisor as​ well as​ to​ an​ area or​ regional manager.

With a​ franchise business,​ you​ usually acquire the​ rights to​ an​ exclusive territory and you​ then have to​ market the​ branded product in​ the​ territory. in​ return you​ have to​ pay an​ initial franchise fee and some royalties to​ the​ franchisor.

Network marketing unlike a​ franchise opportunity is​ based upon not only selling the​ products that the​ organisation produces but also from building an​ organisation around you​ that would follow your steps and duplicate your efforts. you​ make a​ percentage from the​ chain you​ created.

This is​ one of​ the​ most powerful concepts of​ network marketing – making it​ possible to​ earn from the​ efforts of​ others but carries with it​ a​ burden of​ responsibility - one needs to​ teach the​ people in​ their organisation and also help them to​ increase their sales volume whilst building their own organisations.

Companies that have decided to​ embark on​ the​ MLM route organise seminars and events with the​ purpose of​ teaching their representatives the​ most efficient way of​ doing those two things.

How does one choose the​ exact company / business to​ become involved with?

The essential ingredients of​ the​ choice are the​ qualities of​ the​ person that is​ introducing you​ and the​ company itself - is​ the​ company well funded? Are the​ resources there to​ see through a​ bleak period? Are the​ products conducive to​ residual income or​ is​ it​ a​ purchase made once every 4 or​ 5 years?

The best business opportunities come from companies that distribute products that people will actually use both from a​ usability point of​ view and the​ price structure.

In my own experience of​ network marketing,​ it​ is​ crucial to​ have a​ product that people can relate to,​ and,​ following the​ old sales strategy,​ that they can see the​ benefits of​ - it​ also has to​ be something that is​ affordable and useable.

Again,​ in​ my experience,​ there are many companies offering their products for sale using one of​ the​ most ,​if not the​ most affective marketing systems in​ the​ world - by definition the​ system is​ so effective in​ part due to​ the​ number of​ people it​ involves.

A great misconception held is​ that it​ is​ the​ same as​ pyramid-selling - this is​ not the​ case and the​ whole system is​ designed so that everyone can make money rather than the​ profits being distributed in​ an​ unfair way.

Most of​ all,​ though I personally think that one should examine the​ products carefully as​ they will ultimately lead to​ sales - and the​ bottom line is​ that if​ products do not sell well,​ irrespective of​ what it​ is,​ then the​ company will ultimately falter. it​ is​ also important to​ find products that have repeat sales so that you​ can generate a​ residual income stream from all your efforts.

The choice of​ what company to​ be involved with or​ what industry one’s particular interest is​ held for is,​ of​ course up to​ the​ individual but I think that it​ is​ important to​ keep one’s business head on​ whilst evaluating the​ concept - what one enjoys may not necessarily be the​ money-spinner.
Network Marketing Franchise Opportunities Network Marketing Franchise Opportunities Reviewed by Henda Yesti on July 07, 2018 Rating: 5

No comments:

Powered by Blogger.