Monday
27Jul2009

Network Marketing & Some Objections

Network Marketing is often misunderstood yet a very powerful fast growing industry. Some people holds wrong perception about Network Marketing without any precise idea.

 

Objection # 1

The classic question asked "is this a Pyramid Scheme"? and I can promise you - if you turn back & ask the same person "What is Pyramid Scheme?" You'll hear some "ummm aaaa I donno..I heard it "...

It's like rumours, nobody knows where it came from, what's the fact behind it..but still spreading everywhere and then people think if so many people saying this...means it is True But more often Rumours are Pure Rumours.

Now Let Me Explain What is Pyramid Scheme

Look at the Pyramid Structure here...now putting it into marketing plan....

At the top let's say the 1st level there are 6 people,

each 1 of them brings 6 people,

so in 2nd level 6x6 = 36 people, 

        3rd level 36x6 = 216.

If it keeps duplicating just by 6 then by the time it reaches to only 13th level the number of people exceeds the population of the entire world. So what's gonna happen Next? You are right--it's going to collapse! It can not go beyond that!

In Pyramid Schemes people get paid on the people they bring in. Either no Product or Service is there or not the main focus. So people bringing people bringing people. Now at the very bottom (in this graphic people at 12/13 level)-- there are no more people to bring in (hypothetically & mathematically). So they loses the money & that's why Pyramid Scheme is Band in many countries and rightfully so.

But Network Marketing is running and growing for over many decades and only going stronger. In this type of business you do get paid also on the people you bring in but the comapny offers High Quality Prodcuts or Serivces too. And selling the products/ services is a part of the equation too!

Objection #2

Another BIG objection people come up with is "People at the Top Make All The Money" the hidden question is "Why should I join, be in the bottom line while people at the top getting Rich?" Is it True?

Do People at The Top or Joined Early Make All The Money? 

Think for a while, starting anything early normally puts you in a position of authority & experience which most often leads to higher income. People who starts late, kind of stays behind. In corporate jobs overtaking the eary starters are not easy nor common. But NETwork Marketing (MLM) is the equal playfield where your success depends on your performance! And you can make more money than the people joined at the very begining. As MLM companies do not pay on when you joined or where you rank..it's all boils down to how productive you are!

Objection # 3

Network Marketing industry has a bad reputation of failing people. Statistics says 97% of Network Marketer fails!! That's a large ratio…. right? Now what's the truth behind it? Do Most People Fail ? 

As One of the super successful Network Marketer says Most people fail in everything. Just think about how many people Fail to win Olympic Gold Medals. How many people Fail to run a Marathon? How many people Fail to make Millions ? There are & always will be small percentage of people who will achieve Success. Network Marketing is no different.

With right mentor and proper mental attitude You can become successful too!