It's clear that we're in changing times when it comes to how business is carried out. For example, the baby boomer generation, which consists of close to 80 million people, are on record saying that they'd be open to starting a business -- according to studies.
The day of the 9-to-5 being the end all be all is a memory, as people are looking for new and interesting ways to make money. People have lost faith in the old way of doing business since the average person over 50 doesn't yet have $50,000 stashed away for retirement.
Network marketing is a newer trend that is here to stay.
If you're looking to thrive in network marketing, you'll need the tips that'll carry you far. With this in mind, consider these four tips for a success career in network marketing.
1. Know Your Product And Your Brand
It's crucial to know the tricks of the trade with network marketing, but before that, you must know your product and service.
When you're aware of your product, it'll be easier for you to set clear-cut objectives. From here, it'll be easier for you to pass on training and the most precise information to the people working under you.
Since training people on how to network market is so integral in network marketing, you'll need to establish yourself as an authority and must be able to know your products and services inside and out. Before you teach anyone else, practice giving presentations to people within your circle and have them quiz you until you feel comfortable answering even the most in-depth questions.
2. Stay Organized And Consistent
You need to set up schedules that help you stay up to par with your network marketing. Since you'll be responsible for leading teams of people, it's crucial that you set up organizational processes that keep everyone on the same page.
Use Google sheets and Docs, apps like Evernote and the Slack platform that will help you communicate seamlessly. Even using e-mail can be a bit archaic depending on the speed of information that you need for your project. Set standards that trickle down throughout your teams so that you are able to keep people on the same page, regardless of their department or area of interest.
When everyone has their marching orders and access to the cloud to keep tabs on the same information, you can count on a neatly organized project.
3. Continuously Widen Your Reach And Find New Leads
The market is rich for entrepreneurs who jump into network marketing. For instance, a company like Herbalife brings in $4.5 billion in revenue.
To make sure that you get your piece of the pie, it's crucial that you grow accustomed to finding leads whenever you need to. Do everything you can, including attending conferences and putting a face with a name by speaking to people in person whenever possible.
It's critical that you also embrace social media to the best of your ability since Facebook, Twitter and LinkedIn are packed with an opportunity that can help you grow your network by leaps and bounds.
Follow these strategies so that you can find success with network marketing.
I'm a standup comedian and freelance writer based in Los Angeles, CA.