What is network marketing?
In simplest terms, it’s the promoting and distribution of products through personal referrals.
When you tell someone about a movie you enjoyed, or recommend a restaurant to a friend, that could be considered network marketing. – even though the companies involved are not “network marketing companies”.
A “network marketing company” is a company that has employed the power of network marketing and that compensates distributors or “reps” for telling others about their products.
Network marketing is one of the hottest ways to make money today, with literally MILLIONS of new distributors coming into the industry each year.
To some, “MLM” or multi-level marketing has a negative connotation, but a lot has changed. Today, network marketing is a globally accepted way of doing business, and is even taught at major universities.
These days there are some excellent, legitimate network marketing opportunities, one specifically being, Global Domains International, Inc. – the worldwide domain name registry for all .ws domain names!
Instead of advertising globally, they would rather share their profits with YOU for helping get the word out about their awesome $10 per month domain name and web site hosting package. It’s a product that the whole world can use. I have personally seen for myself why GDI is a hidden gem in the network marketing industry.
What to Look for in a Network Marketing Company Besides the obvious things you should look for in any company you work with (like making sure it’s legitimate), there are many guidelines that you should go by to make sure you are working with a company that is going to provide for you month after month, year after year and leave you with a legacy of wealth.
Stability:
First you want to make sure the company you are working with is stable. There are many “mom and pop” start-up companies these days that are run from a kitchen table. They are usually easy to spot – but not always. Make sure to do your research on the background of the company that you are considering.
If the company doesn’t have at least a 3-year track record of success, they have no foundation to build on. They are still in a learning phase and you will be a guinea pig in their experimentation. You don’t want that. One reason Global Domain International, Inc. is so stable is that they have a 5 year track record of success in their current industry – domain names. Although their home based business is very new, they have been selling domain names successfully since 1999.
In fact, GDI was recently named the 37th fastest growing privately held company in the United States on Inc. Magazines “Top 500” list, and #5th fastest growing in the State of California. Success like that doesn’t happen by accident.
Check out the opportunity you are considering with the Better Business Bureau or any other local agency that can give you information.
The product you will be marketing is also directly related to stability. I’ve seen successful companies come crumbling to the ground because of false or improvable claims made about their products, either by the company or by representatives. Just one well-publicized ridiculous claim, and a company that is on top of the world today can be gone tomorrow.
That’s part of the reason I know I have a REAL winner with the Global Domains International product. It’s a domain name, and a web site hosting package that really CANNOT be misrepresented in a way that is harmful to anyone.
It’s a product that MILLIONS of people are already using , except their .WS (dot ws) domains are more wide open than most top-level domains in the world. Many of their customers and affiliates get their first choice of domain name, whereas other more saturated top-level domains, like .com, would have already been taken.
Another factor that has an effect on the stability of a company is whether it is in debt or has cash in the bank. It is very beneficial to know that you are working with a debt-free company that has plenty of cash available for paying reps, and for product development, growth and expansion.
Global Domains International is an Inc 500 ranked, debt free Internet GIANT, that is endorsed by the Federal Chamber of Commerce.
So in choosing a network marketing company you should consider the following:
Does the company offer a product that people can use, and do you know WHERE to find the kind of people who can use the product? And, is the product renewable?
Not a lot needs to be said here, it is pretty explanatory. To succeed in network marketing, you must have a product that people use, AND
you must be able to tap into potential customers.
There are no network marketing companies I know of marketing cold medicine, because it would be nearly impossible to locate the customers who need it.
GDI product, on the other hand, is something that can be used by anyone who wants to promote anything online, anyone who wants to make more money, anyone who wants to share family photos, or anyone who can use their own website for any purpose. Nearly everyone online can use the GDI product.
The product you are marketing must be renewable. That is the basis of network marketing. You want to be paid again and again for work you do NOW. GDI customers have a tendency to want to
keep their product forever once they have their web site setup and are using email accounts on their own domain. It’s kind of like cable TV. Even the people who didn’t know they could use their own web site end up loving it and don’t want to get rid of it!
Is the opportunity fast? Can you make money starting today?
Many companies require you to reach a certain level of sales volume before you earn a commission. Or, they require that the commissions on your first few sales are paid to YOUR SPONSOR instead of you, as a “training bonus”.
You want an opportunity that can start earning you commissions from the FIRST time you tell someone about the product, and you want DUPLICATION to kick in fast so the people that you refer to the company will also be earning you money fast.
The key to fast growth in your income and your organization is having a SIMPLE compensation plan that can be explained in under a minute and understood by everyone who hears it, and having a proven way of marketing the product, that uses AUTOMATION to do work for you even while you are not working yourself.
GDI has developed a $250,000 marketing system that does most of the hard work for their reps. They have a complete online animated presentation that does all the selling, telling and explaining – and they have a state of the art marketing system that allows you to simply input a prospect into the system and it presents, answers questions, and follows up for you automatically.
All this together equals FAST growth!
Is the opportunity UNLIMITED?
Think about this. Would you like to recruit a heavy hitter who could potentially earn you hundreds of thousands of dollars per month for his/her efforts, only to find out that your company’s compensation plan maxes out at $10K per month. Of course not!
The company that you work with should not limit your success in any way. If you generate the business, you should get paid.
What we are talking about here is an UNLIMITED Uni-Level compensation plan. This means the number of people you can refer and keep frontline to you should be unlimited. GDI plan is a 5 level unilevel. That means you can personally refer 5 people frontline, or 5 million. It does not matter. Each of them can refer as many as they want, and so on. Nobody is limited.
You get paid 5 levels deep, for ANYONE in your organization. The only limit to the amount of money you can earn with GDI is the number of people in the world who can use their product. They place no intentional limits on your success or income.
Is the product affordable?
It is no secret that network marketers are tired of asking people for $195 up front to get started, then another $79 per month just to stay in business. These are made up numbers but if you’ve been investigating income opportunities online, I’m sure they are not too far off from some you have seen.
You shouldn’t have to go broke just to start a network marketing business. Remember that YOU are doing the company a favor by marketing their product for them. If you are not going to be using a $100 starter pack of marketing materials, you shouldn’t have to purchase a $100 starter pack of marketing materials. That makes sense, right?
High start up costs and a high monthly cost to stay in business leads to attrition in an organization, and a high failure rate. And, a high startup cost also leads to massive rejection. Reps are sick and tired of being rejected all the time. So, it’s nice to have a product that is priced low enough that it’s easy to market without fear of rejection.
A low cost product leads to a very low attrition rate, meaning even if you do very little, it is possible for your organization to GROW and move forwards – instead of backwards.
GDI’s product costs only $10 per month, and they let EVERYONE try it for free for one week. Their reps basically get paid for GIVING AWAY trial memberships. They don’t have to “sell”. It is like you being able to refer a friend to a restaurant and telling them they can eat there free for a week, then getting paid a commission on all their future visits to the restaurant, after they are hooked on the food.
Nice rejection free way of doing business, isn’t it.
Tomorrow I am going to provide some more truths about Network Marketing Companies. Stay tuned in!
I hope this information will help you in making a decision to work with a great network company in the near future.
You can find more information about Global Domains International, Inc. by visiting their site at:
http://show--me.com/?i=30692/blogIt is an outstanding opportunity that you can get started with, for free.
