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Member You - What Can We All Learn from Network Marketing? Seven Lessons for Every Business
Hiring Questions: What to Ask and How to Ask it "networks go to work." However, the same idea applies to almost any business.Whether you are a trained interviewer or not, if you have done any interviewing for hiring at all you will know that some people interview better than others. You will know that some people are truthful and others lie and tell you whatever they think you want to hear.In addition to the honesty factor, interviewing, on the part of the job applicant, is a learned skill.Personality affects how well one interviews. A shy person will not shine in a interview the way a friendlier, outgoing type would.Confidence affects how well one interviews. The most talented applicant without confidence will pale in comparison with the “passable” candidate who has lots of confidence.And training affects how well one interviews. I know – I used to teach interview skills to unemployed! And though I say so myself, I turned out some darned good interview Create a community around your product Leverage the unleveraged Giving Your Business An Energy Makeover Network marketing, or multi-level marketing, is one of the fastest-growing business models of the past few decades. Between 1993 and 2003, total direct selling revenues grew by 7.1% annually, dramatically above the rate of growth of the economy -- and of total retail sales (according to the Direct Selling Association).Don’t get us wrong, if you don’t know much about your energy bills or how you use your energy, you’re not alone. There are lots of reasons to take interest, though: the rocketing price of energy, savings to the bottom line, and the environmental benefits, for a start.So, what could you be thinking about?Saving energy in places you’ll not miss it There are usually areas where you use energy but don’t really need to, and this can be easily remedied. For instance, when:1. time controls have stopped working, they have been overridden or incorrectly set;2. heat exchangers have been fouled;3. plant is still switched on when it’s not needed;4. lighting is left on when no-one’s around;5. heaters are working at the same time as air conditioning; or6. auxiliary elements such as fans, chillers and hydraulics are runni The most prominent examples of direct selling companies include Amway, Avon, Mary Kay, Nu Skin, and Herbalife, which recently went public. In 2003, U.S. total direct selling sales totaled more than $29 billion, or almost 1% of the over $3,397 billion for total U.S. retail sales (U.S. Census Bureau). Any business model that has achieved this kind of success probably has lessons that all business people can learn from. We define this family of business models as a method of distribution in which people are paid for sales volume generated by people they have recruited into the distribution network. 20% of American adults reported they are now (6%) or have been (14%) a direct selling representative -- defined as "the sale of a consumer product or service, person-to-person, away from a fixed retail location." In 2000, 55% of American adults reported having, at some time, purchased goods or services from a direct selling representative. A significant number of network marketers have negative experiences with the industry. That is why 70% of all people who have ever been a direct selling representative are no longer in the industry. For the purposes of this column, we will not go into the challenges and problems in the network marketing model. There are plenty of Web sites on that topic. We all work for ourselves. Gone are the days of being a "company man" -- your career is your business. Multi-level marketing just makes that explicit. Yet one of the things that makes the sector most attractive, the low barrier to entry, also creates some its greatest dangers. Many people get into it without the necessary skills to run a successful business. We are primarily interested in what lessons all business people can learn from successful network marketing practices. We recently interviewed some of the industry's top experts and found seven lessons that all sales and marketing professionals can use to be more effective, regardless of their industry: Every business is a relationship-based business Think analytically about your network Create a community around your product Leverage the unleveraged How to Strategically Place Your Product So it Sells into the distribution network. 20% of American adults reported they are now (6%) or have been (14%) a direct selling representative -- defined as "the sale of a consumer product or service, person-to-person, away from a fixed retail location." In 2000, 55% of American adults reported having, at some time, purchased goods or services from a direct selling representative.Entrepreneurs who have a product that is distributed though a traditional outlet channel, often overlook some very vital points to consider before distributing. They are often so worked up that their product is out in the marketplace that they forget to ensure that their product is being seen the right way in the consumer’s eyes. Along with that, they could be using that inventory better though a channel with a higher turnover. If you have created a product and are planning on beginning placement of your product (or if you already have placed your product), do not overlook these vital questions:ClienteleIs there self-image congruency (fit between self-image and store image), Is the store personnel’s lifestyle aligned with the buyer’s. Is there appeal to the appropriate social-class?Inventory/MerchandiseAre the produc A significant number of network marketers have negative experiences with the industry. That is why 70% of all people who have ever been a direct selling representative are no longer in the industry. For the purposes of this column, we will not go into the challenges and problems in the network marketing model. There are plenty of Web sites on that topic. We all work for ourselves. Gone are the days of being a "company man" -- your career is your business. Multi-level marketing just makes that explicit. Yet one of the things that makes the sector most attractive, the low barrier to entry, also creates some its greatest dangers. Many people get into it without the necessary skills to run a successful business. We are primarily interested in what lessons all business people can learn from successful network marketing practices. We recently interviewed some of the industry's top experts and found seven lessons that all sales and marketing professionals can use to be more effective, regardless of their industry: Every business is a relationship-based business Think analytically about your network Create a community around your product Leverage the unleveraged Is Your Athenticity Creating Growth Or Stagnation? ne of the things that makes the sector most attractive, the low barrier to entry, also creates some its greatest dangers. Many people get into it without the necessary skills to run a successful business.I have a recommendation for you for 2006: Take a risk and be inauthentic.Authenticity, being yourself, is the foundation of your health, and the health of your business. But, it can also be a source of stagnation, and, eventually, your death. It has to do primarily with how many of us learn.For most of us, we learn by "monkey see (or read, or hear) - monkey do." It's the easiest way I know to learn- we emulate someone else's (hopefully) experienced and masterful example.And here's where the problem comes in: when you are emulating someone else's example, you are doing it their way. If it's something mechanical like changing a tire, not too big a deal. But if it's something more personal, like painting a person or writing marketing copy, things get a little trickier.Artistic self-expression in the pursuit of an outcome is most potent wh We are primarily interested in what lessons all business people can learn from successful network marketing practices. We recently interviewed some of the industry's top experts and found seven lessons that all sales and marketing professionals can use to be more effective, regardless of their industry: Every business is a relationship-based business Think analytically about your network Create a community around your product Leverage the unleveraged Is Your Underperforming Employee Incompetent Or Is It AADD l your product. That is particularly apparent in multi-level marketing, an industry built around belly-to-belly sales.AADD – Adult Attention Deficit Disorder is often difficult to understand. This is especially true when it exists in one of your key employees. It may often be disguised as peer relationship problems, moodiness, forgetfulness, lack of commitment, complacency and even substance abuse. Now for the disclaimer --- I am not a medical doctor nor do I profess to be an expert on AADD. The objective of this article is simply to bring to your attention that erratic, unusual and unacceptable behavior can sometimes be related to a medical condition that often is overlooked. This condition is called Adult Attention Deficit Disorder. If this article suggests any familiarity of circumstance with any of your employees then seek a professional medical opinion.It’s Not Just For KidsMistakenly, people have believed that ADD was a childhood condition that often disappea Think analytically about your network Create a community around your product Leverage the unleveraged Make Money on Internet "networks go to work." However, the same idea applies to almost any business.The internet brings with it not only a well of information, but also numerous opportunities to make money on internet. There are jobs that require marketing skills, then others requiring designing skills and of course, jobs that require the knowledge one gains through a degree. Whatever type of job you choose, it is indeed very easy, and possible to make money on internet.The first thing that has to be done to make money on internet is to have a website. It is possible to make lots of money on internet with a website using the many affiliate programs found on the internet. The website forms your online advertising for your product of the affiliate program.Another option to make money on internet is through freelance jobs. Freelance jobs are popular today because of the flexibility in time and schedules in completing jobs from the internet. The vario Create a community around your product Leverage the unleveraged Build a relationship first Not everyone is a prospect Use online networks What else can traditional businesses learn from the best practices of successful network marketers? We welcome your comments and feedback.
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