3 Types of Network Marketing Program!
If you have been a regular follower of my articles, you will have at least a basic idea of what a network marketing business is and how it works. And if you are new here, the network marketing model of business is where you grow your business by creating an ever-growing network of customers and clients.
If you are thinking of becoming a part of a network marketing company or business, there are certain things that you should know about the business. And let us start with the different types of network marketing programs. The network marketing business model can be broken down into three types.
Single-Tier Network Marketing
In a Single-Tier Network Marketing model of business, you join up in a company’s affiliate program and sell their products or services for a commission. This commission from direct selling is your only means of payment and you are not required to recruit any new members.
Pay-per-click and pay-per-lead affiliate programs also come under Single-Tier Network Marketing.
Two-Tier Network Marketing
Unlike the previous entry of the list, in Two-Tier Network Marketing, you will be tasked with getting new recruits. However, a majority of your profits will still come from network marketing direct selling commissions. You will also receive a referral bonus and a small profit for each sale that the person you recruited makes.
Multi-Level Marketing
What makes Multi-Level Marketing works similar to the other two but allows you to have more levels of recruits under you. Some multi-level marketing companies allow you to get a commission from as high as 5 tiers under you, making recruitment a very important aspect of such companies.
Hiring the correct people in your network
As mentioned above, in the multi-level marketing style of network marketing, it is important to find people who are excited about the company or the product they sell. When you recruit someone who is excited about the product or service, the excitement can be easily seen with on their sales pitch. This can greatly improve sales for your direct selling company as well as get more recruits into your network. And that is how you succeed as a direct selling network marketing business.
The Network Marketing business model
If you intend to start a network marketing direct selling company or any marketing company for that matters, the most crucial part is the marketing team that you assemble. The stronger your marketing team, the higher your chances of finding success over the long run.
Even if you find that member in your sales team is not very good at sales, it is important that you find a better-suited position for him. While skill and talent are extremely important in running a network marketing direct selling business in India, enthusiasm and good work ethics are also needed.
Today, network marketing and direct selling have become a viable option for anyone who wants to start a business of their own. With limited investment, some dedication, effort and a whole lot of creativity, you can start and run a network marketing empire from the comforts of your home.
