Famous Personalities Who are associated with Network Marketing
Famous Personalities Who are associated with Network Marketing
Direct selling or multi-level marketing is gaining traction in the marketing industry at great hype. Not only is this channel open to the general public but many big personalities like Rolf Kipp, Donald Trump, Warren Buffett and Robert Kiyosaki.
Multi-level marketing or MLM is nothing but a process through which a business runs. The root of functioning here is network marketing or direct selling. Such a business model requires a person to build or expand their network in order to increase sales and word of mouth.
In network marketing, you need to share and refer products with people and convince them to purchase a product. The way you speak and act matter in such a business model. This means a person with good communication skills and convincing power is likely to succeed in this field. This does not mean a person can’t build these skills, this being said, a lot of dedication is needed.
Multi-level marketing Companies usually function in all sectors- beauty, health and nutrition, skin care products, crockery, cutlery and even home appliances, among other products. The best factor about such a business is that it keeps on growing and there is always scope for more growth.
Every member of this program can earn a particular amount of money depending upon their sales skills and how many people they know and can add to their list. Multi-level marketing benefits each and every employee inapposite magnitude. This business model also allows you to bring in an unlimited amount of income and it boils down to your ability to convince and how you use your time, money and networks.
Network marketing gives you the benefit of you being your own boss. You won’t have to worry about deadlines or sales targets. You can work from home or initiate direct marketing by establishing physical contact with the customers or prospects. The perks of MLM also include you shaping yourself in the long run. Initially, you might not understand how it shapes your personality and sills but once you understand the business and learn the techniques, you will be able to handle clients and meetings with ease.
Flexibility is another added advantage of network marketing. You can work any time of the day and build confidence along the journey. You need to stay active though, you can’t or should not work just once a month. You cannot achieve your personal targets by merely half-heartedly contributing to the channel. Practice is necessary. Also, in order for customers and prospects to gain confidence in you, you need to stay in touch with them and build relations with them to loop them in for future purchases.
In this article, we will have a look at how some renowned personality supports network marketing and why.
- Donald Trump
According to Donald Trump and Robert Kiyosaki, direct selling is a powerful tool. Using network marketing, you get to directly converse with potential clients and eliminate advertising agencies in the process. In order to succeed in network marketing, one must be active, persistent, and polite and focused. The seed however remains one’s entrepreneurial spirit.
Trump’s MLM network is called The Trump Network, which initially sold health products and vitamins but has introduced home-based tests too.
- Robert Kiyosaki
Robert Kiyosaki, one of the greatest personalities associated with network marketing, says it is important to get out of one’s comfort zone and giving yourself enough time to understand the ins and outs of this business model. In fact, Robert himself got his big break from multi level marketing. At first, he struggled to understand the business model and it took him years to channelize his knowledge and skills and turn his luck around. Today, he owns his own MLM network and can even refer to his book on network marketing for more details.
- Warren Buffett
Warren Buffett is another pioneer in this business. He is a celebrated personality in multi level marketing and spends most of his time and resources dealing with this kind of business model. In fact, Warren Buffett is a renowned name in direct selling and venturing with consumers using multi level marketing. He has worked his way up in this business and even managed to start his own MLM network. Using this channel he sells kitchen items, food products, among other things. He presently owns the Kirby Company, a company of his that uses the MLM business model to establish wider distribution and higher returns.
Image courtesy: Pixabay, Wikimedia, Robert Kiyosaki Twitter account
Getting started with Multi-Level Marketing
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Network marketing or the multi-level marketing industry is today being recognized on a large scale globally. Leaders like Donald Trump reckon to invest in network marketing as the future is inclined towards this business model. Though there is no easy way to get started, one must be determined and stay focused in this area of business. In the long run, if you play your cards right and invest in your skills as a marketer; you will reap your rewards.
Companies that offer multi-level marketing business models include Avon, Tupperware, Amway, and many other companies like Vestige and Naswiz also offer the same services.
One can sign up through an existing member, viz, their referral program or online. Usually, in order to become an active member, one needs to make an initial purchase to get started. The kit you purchase is sold to direct sellers at a wholesale price which you need to sell further at maximum retail price.
The last tip one should be aware of is that you should know the product before trying to sell it. A person who has used the product and knows it in and out is more likely to make a convincing sale than a person who has no knowledge of the product. The emotional touch is added through this method. Always test your products yourself first. If you like the product you can sell it to another person by convincing them and if they find the purchase useful and true to its description, you are likely to get repeat customers.
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