UPDATED: This post about network marketing online was updated in October 2020 to reflect new and relevant information.
Online network marketing I hear you say? I have been asked several times by people who have just joined a networking business, “Should I market my business online? “Is this business even worth it?”
Well, the simple answer is YES! Online network marketing is a major key to any success!
In my eyes it’s in fact much easier than the traditional strategy used which includes face to face interaction.
What Is Online Network Marketing
The basis of network marketing is building networks of people who buy and sell products, in other words MLM (Multi-Level-Marketing).
Traditional Network Marketing is a more labor intensive approach.
This involves manually doing he grafting to find new clients to join your business. From cold-calling to face to face meetings, it can take up a lot of your day scheduling in clients to then pitch your network business too.
Online Network Marketing on the other hand is a more advanced approach.
It allows you to connect with people all around the globe instantly.
It’s a simpler, faster, and more connected way to build your network marketing business online.
In fact, with the right attraction marketing methods, you can expect to have your clients approaching you instead of the other way round.
Online network marketing can be done from the comfort of your own home in your pyjamas too! Awesome right?
What Are The Types Of Network Marketing
Traditional approach – Everything is done via physical interactions.
Online approach – Includes building the main fundamentals of your network business ONLINE.
Network Marketing Companies And Is Network Marketing Worth It
Depending on what type of networking company you join you can almost build almost all your income from it online. All you require is a device which has access to the world-wide web (Internet).
It’s a way of building relationships with people who will eventually become your down-line and offer the same product or information you are doing.
In a nutshell It’s like the Snowball effect.
Person A introduces the item or sells the item to person B who then uses guidance from his mentor Person A to sell the item to Person C and so on.
Person C will eventually do the same < I really hope I make sense here.
How to build a network marketing business online
Growing your business online is super efficient.
it’s not easy as A, B and C, but can be if the right amount of time and commitment is given.
With today’s digital technology in place you simply have no excuse not to try it, and if you already are doing so, then there are so many uncountable ways demonstrating how you can continue to keep it growing.
Can you make money in network marketing
Passive income is an income received on a regular basis with little effort required to maintain.
Once you have a certain number of promotional offers in place such as ads/leads, these can keep bringing in new sign ups etc and even a considerable amount of down-line who are also busy building their business which benefits you via the commission you receive.
This will keep bringing you constant revenue which eventually turns into residual income.
The internet is an amazing platform to turn your online networking business into an auto-pilot machine where you can get sales even when you sleep. After all the world is round right? and not every one sleeps at the same time, meaning there will always be somebody who can get access to what your service is offering.
Online network marketing is very similar to Affiliate marketing
Only better! It’s like killing two birds with one stone because both strategies work in a very similar way.
Beats the traditional network marketing
Most conventional companies are still using the traditional method to buy/sell their products i:e face to face.
Seeing that according to internet world statistics 2016 there were more than 1 billion people online at one time.
Would you not rather have your message reach over thousands of people at once rather than 10 a day maybe?
I am not judging the traditional method, I personally think that It’s great too, since it builds and keeps people’s trust – however if I was managing my networking business or starting out, it would most definitely be online.
If your anyone like me who likes to hide behind their computer screen, then this is definitely the best way to build your business.
Furthermore it’s easier to automate and scale your network marketing business online. Everything is digital so you can save your effort, time and money all together.
There are several ways you can do this, this could be via various social media platforms that are almost available to everyone around the world.
Online network marketing is a proven method to earn money online so give it a go now, you have nothing to lose!
Can Affiliate Marketing Make You Rich
Affiliate Marketing as mentioned above is very similar to network marketing however it’s selling other peoples products as opposed to your own.
Both methods use the same tactics and require the same amount of persistency.
Yes, affiliate marketing can also become a means of passive income and allow your income to grow to to phenomenal amounts.
Network Marketing Online – How To Make Money In Network Marketing
There are 4 main skills you can utilize to set the success for your online network marketing business.
This means branding your business as YOU! It’s very important to have a brand name, so people can remember it easily.
What many people tend to do is, set up a business online (preferably on social media) and attach some ads to run behind it. They will soon notice, this approach doesn’t really work.
For a client to be attracted to your business, they need to know YOU first.
This is why building a brand online, in front of your audience and gradually introducing your business to earn people’s trust is what ACTUALLY works.
Have you heard of the saying “People Join People Not Businesses?” This is absolutely correct.
When you begin sharing with the world what you do and you run your success online, they will automatically want to know more.
This allows the highly interested prospects to approach you first instead of the other way round.
2. Content Creation – Creating the right content for the right audience.
The best way to do this is to build your network marketing business online by consistently providing valuable content to your marketplace. This will attract your target audience to YOU.
Content that is valuable has to be something that your audience can learn from or take away.
By providing value without your audience even asking is what will give you those ride and die fans.
You will get to build trust faster this way too.
This is simply one the best ways to make people want to connect with you and join your business, or purchase your products.
Some valuble and useful content ideas to give to your audience can include:
- FAQ’s (very important for every business)
- Live Feeds (so you’re audience can physically see you -this increases trust by 80%)
- Blog Posts
- Social Media Posts
Remember to remain consistent in your posting patterns.
3. Bringing in the traffic
Now that we have our content ready and all set, it’s time to start bringing in some traffic.
There are 2 ways you can do this.
Free Traffic or Paid Traffic
Free Traffic is always nice, it doesn’t cost a thing. However this method can take longer to show results.
Free methods include: SEO (Search Engine Optimization), Blog Posts, YouTube Videos and on your own Social Media platform.
Paid Traffic on the other hand is much more faster way to attract an audience and get the message across to thousands of people at once.
Paid methods include mostly ads. Facebook ads, Bing ads, Google Adwords, Solo ads, Instagram ads (includes any social media platforms which offer ad services)
4. Following up your prospects
Once you have your ads or free traffic methods in place, you should eventually begin to attract prospects who are interested to learn more about your business.
These will be people who are INTERESTED in learning more about you. Also known as lead attraction.
Following up is super important, otherwise all your hard work and investments will go down the drain.
This is now your chance to shine and make sure that interested prospect becomes yours!
You can follow up via email marketing, CRM strategies and Facebook messaging.
Network marketing does take some time and effort, but once the snowball rolls, it just get’s bigger and bigger. Don’t give up! Stay Persistent.
Want more tips to grow your online business? Check them out here.