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Most people who try network marketing fail – not because the products they are marketing are poor, but because they do not realise how much effort network marketing is, and how much time they need to put into it. All too often, would-be marketers give up when they get to the six month point, but they are not quite turning a good profit. What they don’t realise is that if they had waited it out just a few months more, and kept on marketing and expanding their business, then they could have been profitable.
This year I’ve seen a new trend with bloggers who have become network marketers. They are crushing it (making a ton of money) with MLM (multi level marketing). They are selling LipSense, LuLaRoe, Isagenix, doTerra and more. One of my friends has a work from home group on Facebook and shares ways for moms to make money from home. I think Facebook groups did more to help MLM than anything else. Now you have a captive audience to sell to and you don’t have to bug your friends with constant updates about how much you loooooovvvvveee your smudge free lip gloss – along with a ton of kissy selfies.
Networking, as it used to be called, is a pretty thankless task. The conventional approach to networking was to start with the network of friends and colleagues that you already have; friends and family, your existing clients, your contacts at the squash club and so on. Most people feel uncomfortable pitching to friends and family, unless you have an unbeatable idea or concept, but if that was the case, then lead generation would not be a problem
The internet has made it easier than ever for people involved in multilevel marketing (MLM) to find leads or people who might be interested in your product, service, or business. Instead of just reaching out to people you know or approaching strangers, you can create a website, build an email list, leverage social media, and develop referral programs to generate solid leads that can eventually translate to sales.