Try to avoid companies that are oversaturated in your area. For example, if everyone in your community is selling makeup from a particular company, there may not be many potential new customers, no matter how much you believe in the product.
Don’t be afraid to ask lots of questions before committing to a company. If your recruiter pushes you to join without really answering your questions, it is probably a scam.
For example, you could aim to generate $2000 a month, make 30 sales, or quit your job to pursue network marketing full time.
Conferences and networking events can be useful for making contact with successful network marketers. Look for resources like books, magazines, podcasts, and videos on how to be successful in network marketing. Be sure to return the favor once you are successful and share your tips with people getting started!
For example, you may sell clothes that are comfortable and practical for stay-at-home moms, or maybe you sell skincare products for young professionals. Think of different ways you can reach out to those groups, like motherhood groups on social media or networking events in your city.
If you have a day job, hold off on quitting until you have a reliable stream of income from sales and recruiting.
Getting started in network marketing is the hardest part. Keep your goals in mind while you work.
Keep existing customers in the loop by providing information about new products at least once a month.
Consistency and professionalism are 2 keys to being successful in business.
You can leave business cards or a small promotional poster in local coffee shops, libraries, and apartment lobbies. Be sure to ask for permission before posting anything. If you have the budget, try promoting your business through paid social media ads.
Create a mailing list for interested customers. You can use a mailing list to keep your customers up to date on new products and promotions.
Having fun with your business is an easy way to stay enthusiastic about what you are doing.
Always make sure your needs are met first before you spend more money on your business.
Only offer what you can afford to give. There don’t have to be big prizes when you’re first getting started. For example, you can offer $20 worth of product to your top seller.
One way to recognize a pyramid scheme is if the company pressures you to pay a fee to move up the ladder. If you have to take out a loan or go into debt to join a program, think long and hard before jumping in.
If the company doesn’t buy back, ask yourself what you will do with your inventory if you can’t sell it.
Ask how many new recruits are successful and how many drop out. Do they get their money back? According to the FDA, 70% of your income should come from direct sales rather than recruiting.
If you have a large network and can rely on your friends and family to spread the word about your new business, you might be a good candidate for network marketing.
