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| Ban_pyra.gif (No to network marketing). (Photo credit: Wikipedia) |
Prominent Network Marketing
Firms in India :
1.
Amway
India 2. Sunrider India
3. Forever Living
4. Modicare
5. AMC Cookware
6. Oriflame India
7. Hindustan Lever Network
8. Herbal Life
9. Avon Beauty
10. Direct Educational Technologies
11. Daehsan Trading India
12. Tupperware India
13. PS Press Service
14. Douphin touch network
15. RCM Business
Statistics : from US$ 33.32b to US$ 100b (approx.) Growth of almost three times (in last two decades) In India, the direct selling industry is estimated to be around worth of Rs.2,400 crores. *References have been taken from information sources of FEDSA (World Federation of Direct Selling Associations), IDSA (Indian Direct Selling Association)
The 7 great lies of network marketing :
1.
Everyone is a prospect
2.
We’ll build your business for
you
3.
This isn’t marketing we are
just sharing products
4.
Anyone can do this
5.
We have the best product ever
6.
You just don’t have enough
belief
7.
Proven system
1. Many people join these companies thinking
they'll get rich quickly and with little effort on their part.
2. The
person joining has no sales or business experience.
3.
Because most people already have full time jobs, they treat their part-time
business like a hobby.
4. Many
times people sign up under a friend, family member, or a co-worker, which is
great. But do they have any experience building a large, profitable business?
5. Some
people just get frustrated and give up. It may not always be easy, and it may
not happen as quickly as you would like, but if you quit, it will never happen
period.
3 Key Elements to N/w Marketing
Strategies :
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| A simple binary tree diagram illustrating the hierarchical structure of a multi-level marketing compensation plan. (Photo credit: Wikipedia) |
Trust
Building: "trust" first in your prospects eye by giving them good
resources that could help them build their business faster and easier than they
might ever thought possible before in their businesses. When you start doing
that for your down line, your network marketing strategies will not only help
you to grow your MLM business substantially but it will also help you to build
good reputations in your prospects eye.
2. Competence: Nobody wants to do business with people who are very incompetent Show your true expertise in the eye of your prospects and customers. Give them good taught that they can't resist and let them know that there are more to come
3. Contribution: If you really want to make things happen in your life, you have to be very proactive and be a good contributor. There are many ways you can accomplish that by reaching out to people through different medium
Present Scenario : The industry has to come up with a proper legislation in form of a Direct Selling Act in the country, so as to properly organize and regularize business in this sector. Also such legislation would boost healthy competition and eliminate incompetent & fraudulent players and promote level playing field in the industry.
2. Competence: Nobody wants to do business with people who are very incompetent Show your true expertise in the eye of your prospects and customers. Give them good taught that they can't resist and let them know that there are more to come
3. Contribution: If you really want to make things happen in your life, you have to be very proactive and be a good contributor. There are many ways you can accomplish that by reaching out to people through different medium
Present Scenario : The industry has to come up with a proper legislation in form of a Direct Selling Act in the country, so as to properly organize and regularize business in this sector. Also such legislation would boost healthy competition and eliminate incompetent & fraudulent players and promote level playing field in the industry.
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