Friday, October 24, 2008

Making Money In Network Marketing:

Can you make money in network marketing? Of course you can if you treat your involvement like a business where you buy & sell at a profit and avoid giving away your products to family friends at discounted or cost price.
One of the pit falls of making good money is that network marketers chase the volume bonus structure and ignore the profit margin between buying & selling - i.e. your retail markup. If you put time & energy in to a business venture try your best to make it pay - people will always look for discount and if you give it once you feel you have to continuously give it - believe in your product and believe in the quality of your service and don't try & justify your fair margin of profit.

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What is Network Marketing:

This is a great question because there are a lot of misconceptions out there. Basically Network Marketing is the movement of goods & services through a combination of manufacturers, sevice providers and self employed people/business owners in order to sell those goods & services to an end user.