Tag: Network Marketing

Ethics In Network Marketing – Why It Was Important To Write About It

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After more than twenty years in the corporate world, ten of which included owning my own network marketing business, I felt it was necessary to really outline what ethics is, and what our role as network marketers needs to be. The following is the reason why I wrote a book about ethics in network marketing.

After leaving the corporate world and focusing on network marketing on a full time basis, one thing was crystal clear: people are people no matter what business they happen to choose to be in.

I personally have an extreme passion for the world of network marketing, and even though in some cases our industry has been given a black mark, as network marketers I feel we have not only a huge responsibility, but also a massive opportunity.

What is Our Responsibility?

Our responsibility as network marketers is to build leaders in the global communities using an ethical base that is consistent, and that treats others as we would like to be treated ourselves – and perhaps even better.

What is Our Opportunity?

Our opportunity is to build leaders using this ethical base, and have these leaders build millions of more leaders around the world, all using that same ethical base. Hopefully the end result will be not only a significant cleansing of the network marketing industry’s image, but will also leave the world a much better place.

“Let me give you the definition of ethics: it is good to maintain life and to further life. It is bad to damage and destroy life. And this ethics, profound and universal, has the significance of a religion. It is religion.” – Albert Schweitzer

During my time within the network marketing industry, I have been positively influenced by hundreds of professional network marketers. I also have met too many people within the industry who are the definition of why network marketing as an industry is shunned by the masses.

In life we get to choose who our mentors are, and I’ve had the pleasure of meeting several key people who I’ve been able to mentor with, a few of whom I would consider giants on this planet.

One of these giants is John Maxwell – an expert not only in leadership, but also in ethics.

“There is no such thing as business ethics – there is only ethics. People try to use one set of ethics for their professional life, another for their spiritual life, and still another at home with their family. That gets them into trouble. Ethics is ethics. If you desire to be ethical, you live by one standard across the board.” – John C. Maxwell

In society today, we have a moral and ethical challenge like no other time in history. All you have to do is open a newspaper or switch on CNN and the corruption and moral downfall of our business leaders is front page news each and every day.

This problem also exists in Network Marketing because the industry is full of people. This problem does have a solution, if one looks close enough. If you are going to be a network marketer, make sure you are one that acts responsible.

It is my hope that this work touches millions of network marketers around the world. However, I’ll consider it a personal and professional success if I can convert one “non-responsible” network marketer into a responsible network marketer.

See You on the Beaches of the World,

Kevin McNabb

“The Responsible Network Marketer”

Power Wave Marketing Work From Home Mailing Flyers

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The network marketing opportunity has been around for more than 60 years. Network marketing is a system of marketing that companies use to market their products, which involves independent representatives (network marketers) networking with others to promote the products or service being sold. Network marketers use methods such as retailing, marketing online, cold-calling, direct mailing (mailing out flyers), and selling to friends and family to push out products and conduct recruitment of downlines.

Compensation to marketers is in the form of a commission which is scaled according to the value and quantity of product sold. The excitement of network marketing is that marketers can recruit or sponsor other marketers, who will be in their downline. A marketer can then make more money by being paid a portion of the commission of their downlines sales efforts. As such,with a little capital investment, and a little effort at recruiting a marketers income can be increased.

The opportunity to work from home and be your own boss while making money is so vast that there are a plethora of network marketing companies out there ranging from communication services to nutritional products and skin care companies. With so many companies to choose from, how do individuals interested in network marketing select a good program that will fulfill their goals of making more money with little stress?

The first step is to look at the company offering the opportunity itself. Certain criteria must be met by any company whose product you want to start marketing.

1.) The management of the company must be made up of honest individuals with integrity. Does the company stand behind their products? How long has this company been in business? Do they have a good track record that is attested to by successful marketers and users of their products?

2.) Is the product offered by the company one that will stand the test of time? Will it still be relevant in the next twenty years? Products centered on the human needs satisfy this criterion. That is why companies marketing nutritional supplements have been around for a long time because their products are in demand and the human body will always need nutritional supplementation in todays fast-paced world.

3.) Is the product special? Does it offer value for pricing? Can it be afforded by a lot of people?

4) Is the companys compensation plan a fair one? Does it offer early payouts? Does the plan for compensation make it easier for marketers to start earning quickly? Are the payouts generous enough?
to make it worthwhile, even for part-timers? You do not want to join a system that has to take forever to get paid.

5.) Does the program use a proven system that works?Are there coaching and training programs for beginners to help them succeed? Is the system duplicable? Does the system address issues that confronts most beginners such as rejection, not having an appropriate and convincing sales pitch, shyness, etc? A system must be duplicable. If not, how does your downline recreate your success to make them(and ultimately you) successful? Inability to duplicate a system is a major cause of why 96% of network marketers fail.

People are different. Some have the knack to make cold calls, speak to complete strangers and get them to register as downlines in a single meeting. Majority are scared to even approach neighbors they have known for years with such a proposition. Some can take NO for an answer several times a day and still press on as if nothing happened. Some just recoil into their shells, and stuff their marketing pack intotheir junk pile at home forever.

But when there is a system that can be duplicated by anyone, and is structured to work for everyone no matter their skillset or personality type, it makes selling and recruitment of downlines a lot easier and leads to higher earnings.

Power Wave Marketing Inc. is a direct mail company based in San Jose, California. The core business of this company is network marketing using a mail order style of prospect recruitment.In this form of marketing, the network marketer sends a Power Wave Marketing yellow flyer with an attached form for a prospect to fill. On filling and returning to Power Wave Marketing Inc, a free non-obligatory informational pack will be mailed out.

This method of network marketing has been shown to take away the face-to-face meetings which majority of network marketers dread. If you are looking for a work from home opportunity that can work for you, then Power Wave Marketing Incs direct mail system could be for you.

Generally, there are a few habits network marketers should also imbibe to make their campaigns successful.

1.) Set and write goals for your network marketing business. Put them up where you can see them daily.
Psychologists say that the law of attraction works; that what you see and visualize, you attract into your life.

2.) Do something, anything, right away. Take action. When you take action on something, you have raised your chances of success from 0 to 50%. When you do nothing, your chance of success stays at 0%.

3.) Stay positive. Read and listen to positive material and hang out with people who will encourage you rather than throw cold water on your ambitions.

4.) Expect NOs as they are a part of network marketing business.

5.) It takes time to build your network and start reaping the rewards. Dont expect to join a company and start making money straightaway. Cultivate the habit of patience.

6.) Always follow up with your prospects. Many people need to be gingered repeatedly before they act on your invitation.

7.) Be honest. Do not promise what the program cannot give as a way to convince prospects to join.
That is deception and deception kills business very fast.

8.) Help your downline as their success is your success.

9.) Dont waste time on prospects that are negative. There will always be naysayers.

10.) Dont quit. Success in this business takes time and patience. Only those who stay true to the end can make it.

Power Wave Marketing offers a great duplicable system that helps their network marketers make money. Mail back their yellow flyer and check them out.

If you like more general information about Network Marketing, visit: Power Wave Marketing Blog

Eric Worre Review – Top Network Marketing Leader

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Eric Worre is a Multi level marketing veteran. He’s experienced MLM for well over 20 and is one of the main money earners inside the industry producing over 7 figures per year.

I very first ran across Eric’s internet site all around 2 ages back in search of MLM guidance plus I stumbled upon it. Eric Worre gives away a good deal of zero cost MLM education on his web page. I down loaded his top MLM Recruiting Texts and tried out them. And I came across that they truly are effective.

Before I go on this review article on Eric Worre, let me share several elements from that scripts download that I feel you will certainly benefit from.

First, be in a rush. People may be in a natural way keen on people that have things going on. Once you have hurry you might swiftly make the invitation plus there will be less queries. I take pleasure in this. When you prospect you’ll find out that most persons will ask quite a lot of inquiries. With this strategy you can keep that short plus sweet.

Don’t get into the whole home business opportunity on the phone. You might declare some thing just like “I’m on my own far out the door, I’m really occupied, yet I desired to run one thing by you real quick.”

Second, praise the individual. Eric Worre teaches that this approach paves the way of interaction plus the prospect will likely be far more likely accessible to what exactly you have to say. Therefore consider to always compliment the prospect. However even ensure that this compliment is valid.

A thing just like, “You’ve continually had wonderful achievement in business and we have continuously highly regarded that concerning you.”

Next, you want to have the invites. For a direct approach you may assert some thing like “I found some thing you truly need to view.” or “I’m starting a new organization and I truly want you to have a check out on that.”

Your next thing you prefer to do is acquire a time promise, confirm that, and ultimately get away your phone.

If you would watch Eric Worre’s videos you may find out that he is big on keeping that genuinely simple. Enjoy his videos plus you get that he’s big around the snug market, old fashioned, belly-to-belly approach. He’s big on maintaining foolish simple merely because in case it’s definitely simple it is really duplicable. Plus that’s what you want in Multi-level marketing.

The net shows that power. I recognize generating a Multi level marketing business off-line may well be time eating. Going to business mixers, networking through people that have excellent influence, and meeting persons out in public works. Yet the sorting activity is never ever ending.

You may attract persons that might be already sold at the concept and business model of Multi-level marketing; provide importance (education marketing), build relationship, plus build a team on the Internet. Just as within the off-line world, in the event you can get a leader inside the online space, you may entice like-minded leaders for you who would like to fire their particular boss plus find more freedom.

If you want to have success in the Network Marketing industry you have to learn from the best and model what they do. Get more valuable information by clicking on the following link: Eric Worre review. Learn how to use a simple mlm system to generate leads, sponsor reps, and build your Network Marketing business fast.

What Kind Of Accounting Records Does The Irs Require For Network Marketing Mlm And Other Stay At H

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Two questions frequently asked by Network Marketers are What kind of business records do I have to keep for the IRS?, and Whats kind of record-keeping system should I use in my business?

Operating a business without paying attention to record-keeping is a recipe for disaster. You may be thinking who caresI hate bookkeeping and tax details, and if my business takes in enough money, it wont matter anyway Ill just pay someone else to clean up my record-keeping later!

Not so fast, my friend! A good record-keeping system is crucial for preparing your tax returns. And if you dont prepare your tax returns with care, youll not only pay too much in taxes, but also increase the risk of a dreaded IRS audit. If an auditor finds insufficient records or significant mistakes in your books, it can disallow deductions, plus impose hefty fines and penalties, possibly forcing you out of business and wiping out your life savings as well.

The good news is that the IRS doesnt prescribe one particular system of keeping records that must be used. No two businesses are alike, so theres not one uniform fashion when it comes to record-keeping. Any system is okay, just as long as it paints a true picture of your income and expenses.

You can keep your records either manually, or with a computer.

The manual system works fine for smaller home businesses and cost only $10 to $20 a year for a ledger book and some manila file folders. I recommend a Weekly Bookkeeping booklet, where you can record your income and expenses on a regular basis, and then update the year to date totals, by expense category, at the end of each week. This way you always have an up to date statement of Income and Expenses, or Profit and Loss report, at your fingertips. In addition to the weekly record book, keep a check register, an adding machine, a mileage log,and an accordion file close by for filing receipts. Organize your receipts by category; Advertising, Travel and Entertainment, Cell phone, and so on.

A computerized record-keeping system works on the same principles as the manual system, however, the computer automates the process. You can use spreadsheets to record your residual income and bonus checks, and use separate columns to categorize your expenses.

An even quicker way to categorize your expenses is to use a software program such as Quicken or QuickBooks. These programs work like a checkbook register, with each income and expense transaction typed in as you go. A Profit and Loss report can be printed in a snapassuming you do have some basic accounting knowledge. But beware. A software program is no substitute for a basic understanding of debits and credits. Often the year-end reports that I see produced from accounting software programs is best summarized by the statement Garbage inGarbage Out.

If youre comfortable at the computer and have basic bookkeeping expertise, good for you! But you dont need computer software to keep accurate records. At minimum, categorize your receipts (auto, office supplies, advertising, etc) in manila folders or an accordion file, and total them up by category at tax time. Staple the adding machine tape to each folder or stack of receipts. Either system is okay as long as it paints a true and accurate picture of your income and expenses.

Network Marketing business owners should get a copy of IRS Publication 583, Starting a Business and Keeping Records, for more details on IRS record-keeping requirements.