Discussion in 'Making Money' started by vincent_t, Jul 27, 2017.
Hey guys what do you think of network marketing? is it good to make money also online?
Take a wild guess, seeing as this is a huge INTERNET MARKETING FORUM, might give you a clue.
Great if you start the network. Terrible if you are the last on the ladder.
Its trading on hopes and dreams.
100% luck dependent.
You have to be lucky to find 2 people that will recruit 2 people that will recruit 2 people etc....
All those people under you must be successful in order for you to be successful.
I couldn't do it because it was centered in recruiting people not selling product.
It's stays a good way to earn money
It's ilegal in the UK, for one reason, it doesn't work
really illegal!? in america make much money (like bilions)
It's a Joke. Most of the top earners in those Companies are Paid Actors who work for Huge Marketing Agencies who contract out Lead Gen via CPA Networks.
Was at an "IM" party a few months back and saw this first hand, funny thing is I wouldn’t never have found this Forum and Industry if not for MLM recruiters though, so ehh. Live and Learn
The answers here suck so far (go figure an IM forum will hardly have sales-hardened professionals in it) so let me give you something to actually use.
Network marketing is an amazing technique and my firm gets business everytime we go out to an event. First off you need to know who to look for, then you need to know where to go, and finally you need to know what to do once you find yourself at a networking event.
Who are you looking to network with? Here's some potential clients (or client sources) to find at these meetings:
1. Business owners: Nothing will help you open business faster than talking to the owner of the company, the person making the decisions.
2. Web Designers: Majority of web design companies offer SEO it seems, but not content or social media marketing.
3. Writers: They can write, but they can't promote or design sites
4. PR Professionals: An even better class of writers, and even more in need of web design, sometimes normal or technical writing if all they do is promote businesses and not write web copy
5. SEO artists: That's if you do #2, #3, #4
6. Digital Marketing Firms: Every firm I come across seems to outsource some part of the process, finding what part they outsource e.g. "do you guys do content for your clients?" can help you find large amounts of work as these firms have a brand already built and business alreaady coming in. A huge amount of my firms work comes from even larger companies that do PR, Content, Web Design and SEO.
Want to know where to go to network? Here's a list of the top 5 networking groups to find:
1. Network After Work (NAW): This group is the best and largest of the networking groups I've seen around. Pretty cheap to attend, $10 per event. Sometimes they give you 2 drink tickets which is even better to recoup your cost for the event. They're usually held at the top restaurants and bars around the city where they're being held: HERE is a list of cities they have chapters in. I have attended different chapters in my same state
2. Linkedin Groups: You will find a plethora of groups for your local metropolitan area to attend, ranging from groups based on age like "30 somethings" or "40 somethings" to niche based groups like "Social Media Marketers Meeting" etc.
3. Local Chamber of Commerce: This can be tricky, you need to find out who already does what you do, meaning you need to see if they've a SEO guru, a Social Media marketer, maybe a Web Design guy, or a Freelance writer. After you find out which niches are represented in a given local chamber (you can join multiple onese) thana you can find out which niche you can use to differentiate from the others there. If there's an SEO guy, hold yourself out for content or web-design (if you do those things).
4. BNI: These groups are often closed networking groups that have a monthly fee, mandatory attendence, and you also have to actively cultivate referrals for other professions there. That's what these groups are - intense referral networks. If they have a plumber, you're expected to push him to all your family, friends, and clients. There can only be one profession per group (there's hundreds) so if you can't find a spot in a group ask around, chances are someone made another BNI close by.
5. Meetup Groups: These can be pretty fun and interesting, usually there's a speaker and some light networking
6. Industry Meetings: Like the "Society for Professional Journalists", which you can pick up a lot of writers who don't do SEO or web design.
Now to the last section how to capitalize on networking groups to get business.
1. Mingle: make jokes, talk about the weather, sports teams: but my favorite question that always draws good answers is: "who are you hear looking to network with" I can find out who people are networking with and when I find someone who fits that description I will point them out to the person I am talking to, "oh you gotta talk to Jim, he can help you with your network security issues," or "Jeff seemed like a nice and smart investment advisor...he's around here somewhere, oh he's over there [pointing at Jeff and waiving at him if he sees you]." This will make you look connected, professional, and will win you a lot of fans, especially when you keep coming to these meetings. Soon you start to remember people's faces and names (don't worry they have name tags).
2. After I tell someone who I am looking for I ask them if they've met anyone at the meeting they might know that fits that description, "I help small businesses [or mid-sized businesses/ or businesses with more than 4 locationsn] generate leads by having people find them locally online," if you do SEO or how about, "I help businesses tell their story while capturing new customers, clients, and fans in the process" for writers, or "we help businesses maintain their websites so they're always operating at peak performance and accepting new business, do you know anyone here that needs a new website? No? Well if you do happen to find someone looking for X, send them my way."
3. Doesn't matter if you can help someone at that particular moment, you're there to expand your network - so GRAB A CARD! The best way I've found to ask for a card is to first ask if that person is on LinkedIn, and then ask them for a card and tell them "I'd like to connect with you on LinkedIn, you never know when you or I might come across someone looking for each other's services, am I right?" Then grab a card, send them a nice connection request recapping the previous night's networking event. If they were a prospect or a professional serving in a shoulder niche e.g. web design, writing, or PR, then offer to take them out to coffee to "show you the work I do to help my clients be successful."
If you really wanted to, you could have 2-3 networking events per week if you were ambitious. I find networking is our largest business generator. We do some cold prospecting - but we tend to be busy helping other white label agencies fulfill their clients' needs. Networking is pretty easy, it's not hard stuff. Just have a process in place and have fun with it.
Hope this 1,000+ word post helped out!
OP if you are talking about Network Marketing as in MLM, then be careful which company you work with.
Many are scams and run as pyramid schemes, much better opportunities out there than MLM IMO
I think OP was talking about MLM (Not Network Marketing in that Term, of Networking) - Great Post though, you end up finding your long term clients when they are aquired via Networking events.
Well shit on me and call me Danny, maybe the mods can split it off into another thread. No wonder the answers sucked for networking marketing...
Yes under the Pyramid Selling Act
It is a great way to earn....if you know what you are doing.
Best way to make your family members sick of hearing from you...
This can be quite useful if you need some alone time.
Our BHW is a type of blackhat seo user network and you can make money good here, as your service based
Separate names with a comma.