Friday, May 27, 2011

Finally - Home Based Business Network Marketing Explained In Simple Language

If people all around you are speaking about getting involved in home based business network marketing, and you are not sure what they are talking about or why they are so excited, your questions will be answered by the end of the short article. You are going to know what that means and why it may be in your best interest to find one that is perfect for you.
It you hear the term, network marketing, and all you can think of is those TV channels that sell products to lonely people, you are probably doing too much channel surfing. Actually it is another term for multi-level marketing. Many individuals have been able to use it to become financially free and make various dreams come true.
Regardless of what you might refer to it as, home based business network marketing really can be exciting since you have the opportunity to work in tandem with a group of individuals who share a common set of dreams and goals. When you recruit other people to join you, the better they do, the better you will do. When the system works as it is designed, no one is left to themselves, and everyone works with each other.
When you join a network marketing company, you agree to buy a set amount of products on a monthly basis. You have to option to buy more than the minimum and to sell the extras to people for a higher price, but it is not required. In the past that was expected, but these days the purchases are generally for the purpose of personal consumption.
When you join a network marketing program you sign up for monthly products, for a cost of about fifty to one hundred dollars. The people that you sign up to join your downline also make the same purchase minimum each month. Your direct referrals are your 1st level, and their direct referrals on your 2nd level.
This downline will go on about five or ten levels deep. You make money from everyone on your team that is below you. On the other hand, everyone on your team that is above you, makes money on your purchases.
In time and with work, it is possible to make some very good monthly income with MLM network marketing. You will need to have duplication in your organization. This means that you not only must get good at finding referrals, but you need to train them to find referrals and they need to train their referrals to keep the process going.
Many network marketers have built teams of hundreds of individuals in their downlines, earning them a lot of money each and every month. Home based business network marketing is not guarantee to make you rich, but with work and dedication, you may find yourself more than making up for that job that was lost, or you might even finally be able to fire that boss you don't like.
People are very excited about home based business network marketing, and for good reason. A lot of money can be made while helping other people to be successful. When they do well, then you also do well. Sometimes it seems complicated, but it really isn't. You refer people to join under you and teach them how to refer people to join under them. Everyone makes purchases each month, and you will earn a profit from all your team members who are below you. You team members above you make a profit from your purchases. When your referrals start duplicating what you are doing, and it continue to grow downward, you can end up with some very good monthly income.

Tuesday, May 17, 2011

Business Networking International Review - Review on BNI

Business Networking International otherwise known as BNI was founded by business consultant Ivan Misner in 1985. The company forms referral networking groups all over the world. These groups meet on a weekly basis and the objective to attend and become a member in a BNI group is to increase your referral business.
There are many benefits to joining a BNI networking chapter or any other networking group. The number one reason anyone joins a networking group is to gain referrals and increase business. The larger your network is the more business you are going to create. Another great benefit of networking is the knowledge and information you will receive from other professionals in various different fields. Your public speaking skills will also improve with practice.
There are several strict rules and guidelines that members in BNI have to abide by. Some of these rules include: Only one member from each profession or industry are aloud into a BNI Chapter. You are only aloud to miss two meetings per year. Members of a designated chapter are not aloud to visit other chapters. This is called cross chapter networking.
Costs and Start-up
BNI recruits business owners to start chapter networking groups in their community. The presidents receive training to start and run a networking group. The president of the new chapter receives a free membership for the first year of the group starting up. The president position is rotated every year through an election process. The president does not receive any compensation for running the group. The membership cost for BNI members is $330 with an additional first year registration fee of $100.
BNI has been a very successful business model for many years and seems to be very effective for small business owners to generate referrals. The only real problem that I see with BNI is their inability to pay the presidents that run and manage the group. The presidents do a lot of work soliciting and recruiting potential members to the group. They are benefiting for their business, however this takes a great deal of time away from them actually running their business.
There are many competitive business networking groups out their and BNI is definitely the largest networking organization out there. I would make sure to research diligently and choose the right networking group for yourself.
There is a new business networking organization that is looking to revolutionize the networking arena. The Biz Society is based on a social networking platform and pays their presidents 20% of all membership. This organization allows any business professional to start a group in their area. They give them the tools and instruction on how to start and run a successful group.