What Is Network Marketing?

On this episode, Ryan explains exactly what is Network Marketing and why the profession fits perfectly into our economy.

On This Episode:

• Ryan talks about how he first started entrepreneurship in the network marketing profession.
• Hear how Ryan had challenges from the start, but persevered until successful.
• Ryan discusses lessons from embracing the profession.
• Ryan shares how this profession fits into our currently economy.
• Get the keys to learning how to build a successful Network Marketing business from home.

Key Takeaways:

1. Network Marketing Companies are a great place to start as an entrepreneur.
2. Learn from people that currently have success in the profession.
3. Make a commitment until you succeed.

Tweetable Quotes:

• “Learn from people who have the results that you want.”
• “Treat it like a hobby, and it will pay you like a hobby. Treat it like a business, and it will pay you like a business.”
• “Network Marketing is the best way to start entrepreneurship.”

 

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What Is Network Marketing? Learn About The Pro Companies, What To Do In Your First Year, Books, Secrets, Definition, Social Media, Business Tips, Success, And More

 

TRANSCRIPTION

[00:00]​ You’re listening to episode 25.

[00:02] ​You’ve seen the future, you know where your life is heading, but you know you haven’t taken the right steps to get you there. Welcome to The Home Based Business Podcast, where we believe the only way to future proof your income is to create a plan to build a successful home based business. It’s time to create a life of freedom, security, and impact with your host Ryan Allen Bell.

[00:23] ​Hey, welcome to the show. I’m your host, Ryan Allen Bell. I believe the only way to achieve true freedom is to future proof your income by creating a plan to quit your job and start a home based business. In this podcast, I’ll be diving deep into everything home based business related and interviewing thought leaders in their space who are creating successful home based business. So, if you want to learn the new way of business, if you want to develop the mindset and skills to get you from where you are to where you want to go, then you’re in the right place because this is The Home Based Business Podcast.

[00:51] ​On today’s episode in network marketing, I’m going to be talking about the profession of network marketing. I’m going to go into why I believe it’s one of the best ways for people to start entrepreneurship, what exactly is network marketing, how it works specifically,and what will happen to your life when you embrace this profession.

[01:07] ​Now before we jump to the episode today, if you thought about starting your own home based business, or you’re currently working on a home based business, but haven’t fully figured out how to achieve the level of success you desire, have me and my team help you out. What is network marketing? Head over to ryanallenbell.com/workwithme to learn more and we can hop on a quick call to see if we can be a good fit to launch a home basedbusiness for you. That way you can achieve the freedom you truly desire in your life. That’s ryanallenbell.com/workwithme.

[01:29] ​Yo, what’s up, welcome back to The Home Based Business Podcast to learn what is network marketing? Today I want to talk about the profession of network marketing, I really want to dive deep into network marketing because this is where I first started entrepreneurship. This is where I first started building companies and a home based business, and the profession as a whole completely transformed my life. And I’ve seen it completely transformed hundreds, actually thousands of people’s lives over the years. And I just want to share from my perspective of actually being involved in network marketing so you can make an educated decision on what network marketing is and what it could do for your life as well. Before I go pro into all the details into exactly what network marketing is, I’m going to share a story about what happened to me when I first got involved in network marketing years ago.

[02:19] ​What I realized  in your first year in as I started sharing my network marketing business with people is I realized that many people were very uneducated on the profession. What I came to learn is that most people make a decision on what they think network marketing is without even being involved in the profession. And in your first year in I believe that is one of the biggest disservices that you can do for yourself in your future is to assume what a profession is without doing your due diligence. And this is what I saw in hundreds of people when I started entrepreneurship. I would share my business books with people, and I would get the majority of people who were not supportive of what I was doing, and even including my family and my friends. And when they would tell me that they didn’t believe in what I was doing I would ask why. And they would always say, “Oh, you’re just trying to make money off of me, it’s a scam, it doesn’t work, you’re not going to  secrets succeed.”And I would ask them why again, and they couldn’t give me a legitimate reasonbecause they were going based off assuming what the profession is like. And when I asked, “Hey definition, where are you learning this information from?” and they’ll say they learned it from a friend or a family member. And so they’re literally hearing from people just like them who did not do their own due diligence also. And social media I’ve said this before on my podcast from one of my mentors, he says, “Successful people always check things out.” And I knew social media from that point forward, it was part of my duty to help educate people the right way so they can make an educated decision on what network marketing is.

[03:52] ​And so at the beginning of business, I had so many people that were not supportive, and I had very few people that were supportive. And the thing is, is that I did my due diligence and I believed so much in tips the profession that I went out there and went after it. And I took advice from people who had the results that I wanted, from people who are successful in network marketing, and I started taking massive action. And I kept reminding myself that success is the best revenge. I kept telling myself mentorship that I was going to make it and I kept believing that it was possible for me. And no matter how many people discouraged me or how many people talked down to me, they weren’tgoing to get underneath my skin to prevent me from going after my dreams. And what are the benefits of I think the moral of the story is if you decide to do something great in your life, you’re going to get a lot of people that do not support you. For whatever reason in what are the benefits of, most people do not want to see you succeed. When you find people that do want to see you succeed, you want to hold those people so close to you because you guys are going to achieve success together.

[05:05] ​So even though when I started network marketing opportunities it was challenging for me, why did I decide to keep pursuing it? So why is network marketing such a great profession to pursue? I believe how to start it is the best way for someone to start entrepreneurship, hands down, without a doubt. And here’s the reason why on how to start. It’s one of the most affordable ways for the average person to start a business to pursue above average dreams. And if  benefits of I compared it to traditional business ownership like owning a brick and mortar, let’ssay a franchise, for example, a lot of people want to go and become franchise owners. Yet, let’s say, for example, you want to open up a McDonald’s, it’s going to cost you millions of dollars to open up a McDonald’s, and you don’t even break even for the first few years running that business. Whereas the benefits of when you get involved in network marketing, it could be anywhere between 100 bucks to $10,000 to start your own business with the potential to earn six to seven–figure income.

[06:05]​And also with the salary, one of the best reasons why I believe network marketing is a great choice is because the infrastructure is already built for us. We don’t have to worry about overhead, we don’t have to worry about creating the products or the services, we don’t have to worry about employees, we don’t have to worry about accounting, we don’t have to worry about any of the intricate infrastructure from traditional business. Really, it’s a plug and play system. You get involved with the company, and you do what you got to do. And once you achieve success, doing what you got to do, the freedom that the results will provide for you is life–changing.

[06:40] ​So what exactly is how to be a network marketing? Network marketing is you selling a product or service to the marketplace. That’s it in the simplest terms. And to take it a step further, it’s you building a sales team to sell a product or service to the marketplace. That is all network marketing is and how to be a. And how it works for compensation is you get paid when customers buy that product or service. And here’s the greatest thing about it. When you have a sales team, and your sales team sells products or services to the marketplace, to those customers, you get an override for those products and services. It’s identical to real estate. In real estate, let’s say you’re an agent, you only get paid when you sell a house, right? If you’re a broker, let’s say you have five agents on your team, anytime one of your agents sells a house, you also get a cut, you get an override. That is exactly how network marketing works.

[07:44] ​This is exactly what is the kind of topic that we’re constantly talking about in our Facebook community, The Home Based Business Community. It can be really hard to find a community of like-minded people who are working towards similar goals. If you want to join the conversation there, it’s absolutely free. So head over to ryanallenbell.com/community and click the “Join” button.

[08:04] ​A lot of people will come out and say and how does it work?, “Hey, network marketing is a pyramid scheme.” And then they ask them, “What’s the definition of a pyramid scheme?” and they can’t really tell me. A lot of them say, “Oh, the one at the top makes all the money.” And then when I say, “Are you talking about every single business on planet Earth?” Here’s the cool thing about network marketing. You can recruit someone and how does it work, and they can earn more income than you because it’s not about the pyramid structure, it’s about selling a product or service. The actual definition of a pyramid scheme is a transfer of money between hands without a tangible commodity or product. In a legitimate network marketing company, you will always have a legitimate product or a legitimate service that people are buying in the marketplace. And that is how the network marketers get paid. It’s like any traditional business. Think about how the world operates in general. The only way any business in the world gets paid and makes money is because customers are paying for their products or services. That is exactly how network marketing works as well.

[09:12] ​So how does network marketing work specifically in the recruiting system? Let’s say you decide to get involved in a network marketing company. Your objective number one is to help customers buy your product or service. When a customer buys your product or service, you earn a commission in the recruiting system. And number two, those customers can become distributors and become part of your sales team. And so when a customer buys a product or service from them, they get paid and you get an override – you get a small percentage off of their sales. Exactly how real estate works. Exactly how car dealerships work. Exactly how life insurance companies work. This is how business always works.

[09:56]​I believe how to start a one of the greatest gifts of network marketing is giving someone the ability to build a home based business for themselves and their family. And that’s what we could give to people if you decide to build a network marketing company. Network marketing companies are designed for the average person to build a business from home, to provide for themselves, to provide for their families, and to provide for other people’s families. And once you could help enough people achieve the results that they want, by default, you will start getting the results that you want. And automatically, you’ve created success, not only for yourself but for those people as well.

[10:32]​And I believe one of the most important parts about network marketing is the personal development involved for you to achieve success in a company. When you get involved, you’re going to have mentors and coaches in that space who have the results that you want and they’re going to tell you what books to read, what seminars to go to, what audios to listen to, what mentors to hire, what coaches to look for, what events to go to. And if you do that consistently, you will start leveling up all areas of your life. And once you do that for years, you will have a very successful home basedbusiness.

[11:10] ​And so what if you decided to pursue network marketing? What would happen to your life? Think about it. Let’s say you’ve always wanted to be an entrepreneur, you discover network marketing, what’s going to happen to your life when you start getting results in that company? You start earning an extra hundred bucks a month. If you continue doing it you start earning a few thousand dollars a month, and it’s going to start changing your lifestyle. What if you are able to have success in network marketing? Imagine how your life is going to change. Imagine how your relationships are going to change. Imagine how your income is going to change. If you decide to get involved in a network marketing company the best advice I can give you is two things. Number one, take advice from the people that have the results that you want. You will have a lot of people that are going to tell you not to do it, but do they have a successful network marketing business? If the answer’s no, don’t take advice from them. Take advice from people who are network marketers who have success so you can learn the right way to do it. That’s number one.

[12:10] ​Number two is if you decide to get involved in a network marketing company, is to commit to the journey to develop grit so you can build this thing consistently and persevere and endure until you have success. The biggest mistake I see people having inside of network marketing is they quit way too early. They go a month or two months or three months or six months or a year or two years. Sometimes they quit in under five years before they have a chance to succeed. And the ones that keep learning and keep taking action end up changing their lives forever. I’ve seen this happen over and over and over again with people that embrace this profession.

[12:56] ​Now, to end, I’m going to share what has happened now that I’ve embraced network marketing, and I didn’t listen to people that didn’t have the results that I want. Like I said at the beginning, early on, people were very discouraging. They told me not to do it. They said I was brainwashed. They said I’m never going to have success, but I didn’t listen to them. I listened to the people who had the results that I wanted. And today what’s amazing is a lot of the people that said I would never make it are now asking me for advice in their business or their work. A lot of them are still working at the jobs that I worked at previously before I started a home based business. At the end of the day, I don’t think it’s me that allowed me to achieve the success that I have today. It’s the amazing support group around me. It’s my mentors, it’s my peers. It’s my family. It’s God. It’s the amazing profession of network marketing.

[13:54] ​So today, if you get anything from the episode, I believe the biggest takeaway is to know that the network marketing profession is one of the best professions out there for entrepreneurs to pursue if they decide to commit to learning how to build a successful network marketing business. It only works for people that work it. If you don’t work the business, you’re not going to get results in it. Treat it like a hobby, it pays you like a hobby. Treat it like a business and it pays you like a business. So if you’re here learning about network marketing for the first time, and you’re thinking, “Hey, this might be for me,” my biggest piece of advice is find someone in network marketing who is successful, or who knows someone who’s successful around them and start learning so you can make an educated decision for yourself and your future. All right, catch you in the next episode.

[14:54] ​That’s all for this episode of The Home Based Business Podcast. Now it’s time to set your personal plan in motion. To set up a discovery call with Ryan himself, join our Facebook community filled with others just like you who have seen what it takes to make their home based business dream a reality. Join the conversation at ryanallenbell.com/community and we’ll catch you next time right here on The Home Based Business Podcast.

 

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To find out more information about the Home Based Business Podcast and host, Ryan Allen Bell, visit ryanallenbell.com.