Network Marketing

Posted by admin | network marketing | Tuesday 31 May 2011 2:14 am



Network Marketing (or multi-level marketing) is, by definition, simply a marketing strategy that allows a company?to pay nonsalaried distributors, agents, franchisees etc a commission on direct sales of products or services.? The commission, or compensation plan as it is often referred to, will vary in the same way that the company’s products will vary but, given the huge amount of reputable and successful businesses out there following this model, network marketing is clearly here to stay. What’s more, unlike ‘direct sales’ that tend to be one-off high cost purchases (think double glazing), network marketing, or referral marketing, relies on a relationship of trust between the salesperson and the customer.

So why does the term ‘network marketing’ send some people running for the hills? In a nutshell, because they confuse it with illegal ‘pyramid’ marketing scams that have made headline news.? Network Marketing is not illegal – it provides genuine products for genuine prices, and there won’t be many people who haven’t heard of firms such as Tupperware, Avon, Discovery Toys, Linen-at-home, Mary Kay and endless others.? Although?promoted as ‘party plans’ these are all in fact network marketing schemes that allow distributors to choose their own hours of work and be compensated according to their sales. In fact, many people prefer this way of starting their own business because they tend to have low entry costs and few, or no, overheads.

For?many network marketers, the tried and trusted methods of?lead generation?will continue to work effectively.? Working their ‘warm’ market by contacting family and friends, referrals from their ‘warm’ market and happy customers, ads in local newspapers, handing out business cards, ‘opportunity’ meetings, free samples, trade shows, business groups that offer networking opportunities etc etc. There is nothing wrong with this method, and most network marketing companies will promote this method of selling in their training sessions and promotional literature. There will also be many distributors following this method who have made a good living from their mlm business.

For today’s serious network marketer, however, there are many more opportunities available to them than just these ‘direct’ methods and, in recent years particularly, with the increase in internet entrepreneurs and the downturn in the economy?leading to the creation of?more and more home businesses, online network marketing, referral marketing, mlm marketing etc have become everyday buzzwords to the?keen marketer. The pathway to earning big money in network marketing is through growing a combination of both customers and distributors, and the internet provides almost unlimited opportunities to generate leads through either free or paid-for advertising, opt-in pages, free giveaway products that will encourage prospects to visit their website, auto-responder e-mail series, blogs, social forums, video forums such as u-tube etc etc etc.

In summary, there is no reason at all why we need the internet for network marketing but, for today’s savvy marketers, we must certainly consider it as a serious marketing tool.

Multi Level Marketing or Pyramid Scheme – How to Know

Posted by admin | multi level marketing | Saturday 28 May 2011 6:57 am

Mention the words “multi level marketing” and everyone will tell you, “pah, it’s nothing but a pyramid scheme!” But is that really true? Well, it’s is definitely the right reaction to have sometimes. Many, many multi level marketing opportunities are pyramid schemes. However, that doesn’t mean they all are, and there is ample evidence that this is the case. Brands like Pampered Chef, Avon and Mary Kay are all run in the multi level marketing format, and they are respected and successful businesses. So how do you spot the difference? Here are the things you should look for that will let you know that idea being pitched to you is not a viable business opportunity but rather a pyramid scheme that could cost you big time in the long run.

Listen carefully when you’re being pitched a multi level marketing opportunity. If you set aside all of the promises of wealth and the endless success stories from people “just like you,” you may find that many multi level marketing pitches are essentially pretty superficial and free of any real details. What exactly does the company sell? How exactly do they sell it? You may come to realize that what this company is focused on is recruiting people, getting them to pay a membership fee, and then getting them to recruit more people – and so on and so forth. When a company doesn’t have a real product that they are concerned with selling, you are definitely dealing with a pyramid scam.

The important thing here to note is that you shouldn’t be confused by the fact that the company does actually have a product. Most multi level marketing companies have something they profess to sell, from travel deals to nutritional supplements. But is that really their bread and butter? They may tell you it is, but take a closer look. Are the products you have to purchase to re-sell so highly priced that there is no way you could turn a profit on them? Is the line extremely limited? Does it seem like there really is a market for that good? Sometimes the “product” is just something they keep around to distract investigators who are trying to shut down pyramid scams.

What about the sales materials you are given and the sales training they provide to you. Are they teaching you about the product? Are they telling you to try to turn every customer into a representative like yourself? A good company will have an easy time finding reps because they sell products that are of good quality and people will naturally want to sell them themselves. A bad company will need to recruit right out of the gate will not really care what you think of the products or if you even buy them at all.

Last but not least, you may wonder what the harm actually is in a pyramid scam. Well, they’re destined to fail, they prey on those who can least afford to take part, and they’re illegal. All good reasons to protect yourself from getting involved.

PPC Management – The Secret To Pay Per Click Marketing

Posted by admin | marketing management | Tuesday 24 May 2011 4:55 am



Pay Per Click Marketing is one of the most effective methods of driving traffic to any website but it is also one of the easiest ways to lose money very quickly in the world of online marketing. The key to not losing money with this form of marketing and building a thriving campaign that will continue to produce a solid return on investment is PPC Management.

Before any new or experienced internet marketer gets started with PPC Marketing, they first must first spend some time doing keyword research online using tools like Google AdWords Keyword Tool.

Not all keywords are created equal. The key to success with choosing keywords is to find those keywords that do not have a high search demand right now. Many professional internet marketers search for keywords that have 3,000 monthly searches or less because that means there is not a lot of competition for those keywords and those keywords will be affordable for them to use with their marketing.

Once the proper keyword research is done, the next step any new or experienced internet marketer should ask himself or herself is how much do they want to spend?

Every network has settings that allow marketers to set their daily budget so a marketer does not over spend. It is vital for anyone who is using this form of marketing to know how much he or she can spend per month and then factor in how much can spend per day to avoid being over billed.

If a company were to pay $0.20 per click and the campaign received 5,000 total clicks they could expect to pay $1,000 per month. If paying $1,000 per month on is not something that a business can afford at this time then they should focus on bidding on keywords that are more affordable because a smart PPC Campaign manager should always seek to get more for less.

The most important step to PPC management is consistently monitoring to insure that their Pay Per Click marketing efforts are providing a good return on investment.

The overall conversion rate for any campaign should be six percent. If a campaign is not generating new sales, leads, more clicks on advertisements or its desired result than the manager of that campaign should go back to the drawing board and do more keyword research to find out why it’s not working in order to avoid losing more money.

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