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What's Network Marketing?

Network Marketing is another type of direct marketing. It is primarily more worried about the organization of the sales network than using the sale itself.

The networker mostly starts to develop its own business prior to helping then other business partners to construct their own, similar to a franchisor.

In difference to franchising where just one company opens new divisions, in Network Marketing each independent business proprietor can open new community businesses, but with low monetary investigations and without risk.

A networker undertakes the job to organize the system, to get paid for the sales qualified for bonus within that branch community.

Another feature of Network Marketing is to produce an transnational business by sponsoring international partners. Especially in Europe, Network Marketing represents one of the best examples how to start using a single European market spot.

A report from Prof. Dr. Michael Zacharias, University Worms, in 1996 has shown, that the total revenue in Germany produced in Network Marketing is still really low (approx. 300 million EUR p. a.), but it will end up being fast-paced.

In the Ukraine industry has just started (Nov. 2003), and the market in Russia begins 2004 too. So in these countries we will have incredible and surpassing business growth next years. If you are from the Ukraine or Russia, or you know individuals from there, then you can directly reap the benefits of it. You can offer them a way to build their own company.

This was just an example, there are more thrilling success stories from other countries too, e. g. Sweden, Korea etc., and the opportunity is identical in all supported countries.

In Europe the Network marketing business is still in the infancy. Only 0. 7% of trading are made with Network Marketing.

So this distribution channel has a huge potential for growth in future worldwide.

The Three Pillars of Success in Multilevel marketing are:

1) Residual Income

2) Leverage (of energy and Money)

3) Duplication

Network Marketing, 'MLM', and Multi Level Marketing are all terms that refer for the same type of enterprize model. While many close-minded people away from industry (and other folks who've tried it and also failed), have biased or damaging wrong impressions, and despite the fact that it is used and abused simply by many crooks and con-artists, this business model has exceptional performance potential.

There are bad apples in every bunch, and this industry has a lot more than it's share. But it can produce outstanding results knowing how to find the best company. And to maximize your potential, there are a handful of simple concepts whose understanding is critical to your success.

Unlike franchises or conventional businesses, Network Marketing , MLM, and Multilevel Marketing would be the only business models that make the most of all three of the important, yet misunderstood principles regarding:

Passive Residual Income : Leverage - and Geometric Development.

And the combination of most three of these components is what gives the Network marketing business model it's synergy and exceptional performance potential. In fact one outstanding company I'm conscious of has actually built designed synergy into their business model.

Whether it's a operation or conventional business, both require major investments of your time and money, and special skills in the event you hope to be actually successful. Even the relatively tiny percentage who achieve accurate success usually take years simply to break even.