Answers to Your Top 5 Network Marketing Questions

Our expert debunks the most popular misconceptions regarding this confusing industry.

I've answered tens of thousands of queries in my 27 years in the network marketing profession. Network marketing is an often misunderstood profession, and the questions have frequently helped me to assist someone in better understanding it.

In this essay, I'll discuss the top five information-gathering questions, as well as the normal responses I provide to them. Because there are many additional questions that may and will be asked, I strongly advise that every network marketer get down with an upline leader and discuss the often asked questions and how to respond to them. Those who learn how to respond to them will be successful in business.

Here are the top five network marketing questions:

1. Doesn't this seem like a pyramid?

Pyramid schemes are banned in all 50 states, yet the company I work for is a legitimate network marketing venture. According to the Attorney General (this information is available on most State Attorney General websites), the major distinction is that if this were a pyramid, you would be paid a fee to recruit individuals into your firm. In my business, I only get paid if a company's product is sold to someone in my network, either a customer or an associate. Furthermore, in a pyramid scheme, the only individuals who make money are those who get in early, but with my firm, everyone has an equal opportunity to make money and become the organization's top revenue producer. Can you see how this isn't a prohibited pyramid?

2. Do individuals actually make money from this?

Yes, but only those that approach it like a business and work at it every day will succeed. Money is earned when items or services are sold inside your network, thus if you want to create a consistent income, you must build a network of individuals who buy and sell products or services. The organization will give good training and will be there to assist you in your success, but the final success or failure of your business is up to you.

3. Does this necessitate sales?

Do you like sales? If not, that's fine since you don't have to be a salesperson to be successful. This is an information-sharing industry, and there are fantastic tools to assist you promote your products/services and business to your candidates. All you have to do is collaborate with people that are interested.

If you enjoy selling, that's also a plus; people who are skilled at selling generally do extremely well in this profession.

4. How much time will this take?

That will be determined by your objectives. If you want to make a few bucks per month, you could probably put in five hours per week or less. However, if you want to earn a full-time wage so that you can dismiss your employer and have more time on your hands, you'll need to put in at least 15 hours every week. The good news is that there are tools available to assist you in making the most of your time.

5. Do I have to get my friends and family to join network marketing as well?

This might be a life-changing venture. individuals that are successful have total time and financial independence, and you should only offer this business to individuals who are interested in the rewards.