Network Marketing concept is a revolutionary system that combines the multi level compensation plan with the power of networking to produce sustainable residual income. This is in theory. The actual fact is that it takes more than simple effort to eventually build a big enough network to produce sizeable income to reach financial freedom. This is the magic phrase that people in the industry are talking about.
The new breakthrough in the field is using the internet to build the network. From my experience in the past few years, I found out the gems and wisdoms of building a successful internet network marketing.
1. You need a strong and powerful company with desirable products that give you attractive rewards for your efforts. The company also needs powerful marketing systems in place with high conversion ratio.
2. You need good quality supply of unique leads with reasonable price. You need these to feed your network for growth.
3. You need good strategies in your network positioning to get cash out as soon as possible for the system to breakeven.
4. You need to have multiple streams of income on the premise that each must be self-funding.
5. You need to start with system that can give you back money fairly quickly to boost up your own confidence before embarking on middle-term and long-term systems that would be the eventual cash-cow.
