Network Marketing with Magnetic Sponsoring and The Renegade

By Kevin Thomas

MLM or multi level marketing is a form of marketing where a network of people is used to sell a product. Sellers are compensated for their sales as well from the sales of people that they recruit to sell the product. This marketing strategy is very effective because it involves recruiting a network of people who will do the marketing and selling for the company and get paid only if they are successful in selling the product.

How MLM Works

The manufacturer in an MLM setup hires a distributor who will recruit sales people. The distributor finds appropriate sales people through their network and gives them the sales tools necessary to sell the product. Sales people are independent contractors who use their own network of people to market and sell the product. In the online world, it is done though web promotion as well as social media networking. Whenever they make a sale through their network, the distributor records it and give the sales people a commission for every sale. The commission can be a percentage of the cost of the product or a fixed rate for every sale.

Typically, sales people use websites, blogs, forums, E-book marketing, email marketing and other methods to sell products online. The more exposure they give to a product, the more people they will get to buy the product.

Everything in multi-level-marketing can be tracked online and typically sales people get a check at the end of every month. Some distributors set rules like a minimum monthly balance before they pay the sales people. Commissions for these sales typically range from 4%-15%. Some programs pay more but programs that involve selling expensive products normally have a low commission.

MLM And Pyramid Schemes

Multi-level-marketing is often confused with Pyramid Schemes. However, this is not true. Pyramid schemes are illegal and normally require people to stock up on products and meet minimum quotas every month in order to be a part of the network. Multi-level-marketing is different from pyramid schemes and perfectly legal.

MLM is a great way for companies to market their products effectively for a low budget. The key is to find a good distributor who has a good network of sales people. It is also a great way for good sales people to make money. While some people make a good supplemental income, there are many people who make a handsome living by being part of a multi-level-marketing network.

Has The Internet Killed MLM

There is great discussion going on right now within the network marketing industry on weather or not the internet has killed MLM. I really don’t believe that MLM will ever go away, but the internet has caused huge attrition rates because of online negative activity taking place by way of online ads, negative promotions and rumors being spread across the internet. But all in all MLM when done correctly can provide an extra stream of income for those willing to take the time and put in the work.

Kevin Thomas is a traditional business entrepreneur who has owned and operated a building maintenance franchise for over 20 years. After finishing college and a 3 year tour in the United States Army Kevin decided that corporate America was not for him. It was at this point that his entrepreneurial journey began. With nothing more than a dream and stubbornness to succeeded he took it upon himself to figure out how to run a traditional bricks and mortar business, and after many tough years of trail and error his dream soon become a reality.Kevin is now teaching people how to develop businesses online at his blog Network Marketing Industries with the new model of attraction marketing.

Areas of Strength & Interest

• Relationship building and social skills
• Business and financial knowledge
• Internet web building strategies
• Inspiration and motivational tips
• Internet network marketing and MLM

By Kevin Thomas

The secret to success in any MLM business is to have a lot of people in your network, and using online social networks is a good way to do this. For every 100 people who view your product, 15 to 25 people on average will see ads for the product that you’re trying to sell and 2 to 4 people will buy the product. So basically, you’re looking at a 2% rate of success and that is if your product and marketing are good.

Successful marketers are aware of these statistics and they’re constantly working to bring more prospects into there marketing funnels. They promote their products in such a way that thousands of people see their ads every week, or even every day. That way, they get enough sales to generate a high income.

In order to get a high number of people attracted to your products, savvy marketers must create a network of people and promote themselves and their business through the network. After the network is built, the marketer strategically markets the product to the people in the network by strategic marketing bulletins and updates at appropriate times. If there are too many updates, people won’t pay attention to it and if there are too few updates, they are not doing enough marketing. Good marketers should always track the response rate for each of there marketing campaigns and then tailor their marketing strategies accordingly.

In order to effectively build a network for your MLM business, you should join the following networks to begin with:

• Facebook
• Yahoo Groups
• Twitter
• Linkedin

All of these networks are very popular and Facebook and Yahoo Groups have niche sub groups within them. They also have demographic information of their users which will help you to segment your target audience better.

When you join these networks, send updates to your friends and family to join the network and ask them to let their friends know about your products. Then, contact people who fit your niche and ask them to join your network.

Use one network to promote another. For example, put up links to your Facebook and Linked in page on your Twitter page and vice versa. Put up links for all on your website. This cross promotion will help to build and promote your network. Then, when you are ready, put updates up on all networks along with links to appropriate sections of your website.

If you are persistent and constantly use networks to promote your products, your MLM business will have a lot more people who get to see your marketing efforts and your sales will constantly increase and sustain itself over a long period of time.

Kevin Thomas is a traditional business entrepreneur who has owned and operated a building maintenance franchise for over 20 years. After finishing college and a 3 year tour in the United States Army Kevin decided that corporate America was not for him. It was at this point that his entrepreneurial journey began. With nothing more than a dream and stubbornness to succeeded he took it upon himself to figure out how to run a traditional bricks and mortar business, and after many tough years of trail and error his dream soon become a reality.Kevin is now teaching people how to develop businesses online at his blog Network Marketing Industries with the new model of attraction marketing.

Areas of Strength & Interest

• Relationship building and social skills
• Business and financial knowledge
• Internet web building strategies
• Inspiration and motivational tips
• Internet network marketing and MLM

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