Among the many business ventures available today, network marketing business could be the least favorite. Why? Because over the years, this business venture has acquired negative reputation and is considered to be unreliable and associated with scams. There had been horror stories about people losing their hard earned money because of multi-level marketing scams. Yet there are also true to life tales of success in this type of business. Here are some common misconceptions about network marketing that aren’t necessarily true.
Network Marketing as a Scam
Network marketing is basically defined as a business strategy that pays out distributors not only for the sales they have generated but also for the sales of those they have recruited. It does sounds like a scheme or a fraud that promises compensation for recruiting other than selling real products, however, this strategy is considered legitimate. Avon, Tupperware, Sophie Paris are just some of the top brands employing this strategy worldwide.
Network Marketing is Effortless
Getting into network marketing is the easiest, most effortless thing about it, but succeeding in this endeavor is an entirely different matter. A lot of people fail in this and it’s true that network marketing is not for everybody. You have to put effort in it, research and be able to sell your products. Find a product with a good platform because when you don’t believe in the product yourself, you won’t be able to sell it to others, more so, how will you train others to market the products and generate sales?
Network Marketing’s “Get Rich Quick” Schemes
“Get Rich Quick” schemes especially offered by networking marketing businesses can sound really suspicious. Sometimes though, this is an effective “come-on” for people who want to earn cash without putting in real effort. If the offer seems too good to be true, don’t jump-in, rather take time to know more about the company and its products. You have to realize what network marketing really is about and that earning extra income through this requires you to sell successfully and training your recruits to generate sales as well. So if you have the excellent PR skills and you are good in sales, you might earn more, but don’t expect to have money pouring in without you working hard for it.
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8 replies on “Common Misconceptions on Network Marketing Business”
Network Marketing is good as long as you follow the system. I have no hard feelings for it. It’s just being stained by scammers and the industry is mixed with truth and lies. Let’s just be careful.
I super agree with this post!
Me and my boyfriend are a living proof that Network Marketing is real. We entered First Vita Plus some 4 years ago… because of this business, we were able to buy a car and a property in Bulacan, and have managed to save some money. All of the things we enjoy now (like having time and financial freedom) are from Network Marketing. And we’re not pioneers of the business, we’re latecomers.
I think to be successful in Network Marketing, one needs to treat it not as a hobby, but as a regular 8-5 job.
But I say Network Marketing is not for everyone. It’s only for those who want to make a difference in their own lives & the lives of others.
I agree with the comment above. Networking is for hardworking people.
sometimes you can’t blame people for being a little wary. Some net-working businesses are a little short on ethical practices. Legitimate businesses like Avon, Sophie using the pyramid recruitment style are fine but there are those like the ponzi schemes that just really make money out of people.
I already joined many networking either from offline and online. It really depends with the leader or up-lines. There are leader or recruiter telling or presenting you lot of motivation at the first place but in the end after they already got you they’ll just leave you right away.. I guess this business is not for me too.
This is so true. A lot of people get scared to invest in networking business because they think that they might be scammed. We should study and investigate first before investing our hard-earned money.
I don’t believe in network marketing… maybe someday maybe somehow… but the thing is this blog change our conclusion to network marketing…
Maybe, those are my misconceptions too but I knew some who get successful through networking business. Maybe this kind of business is just not for me.