Have you heard the phrase "Network = Networth"?
A great article by Jason Mannino in The Huffington Post talks about how 60-80% of jobs are filled by networking, insider contacts and word of mouth. The same concept applies to self-employed and business owners too. We get orders and jobs from clients more often than not that are within our network due to our mutually beneficial relationships and trust that we build through time.
So what is "networking"?
Simply put, networking is the process of cultivating mutually beneficial long term relationships with other people to for the achievement of professional goals. It definitely doesn't just stop there of course. It can also improve your life in other aspects.
How does Network Marketing improve my own business?
Robert Kiyosaki said "The richest people in the world build networks. Everyone else looks for work." If you aren’t building your own network, you are working for somebody else's network and increasing their net worth. If we want to be successful and wealthy, the best strategy is to build a strong, viable, growing network.
In every business, we need a strong network. A network that buys into your products and services or does the advertising for you, because the word-of-mouth advertising is the best form of advertising. Which is the reason how some movies weren't highly marketed but is about to attract many to watch it.
When you join a network marketing company, you will have access to the network of that company. And also, when you start building your network marketing business, you are building your own network as well. The people that you refer, and the people that they refer and so on.. will be part of your network. You can alternatively channel them into your current business. How much you channel is also dependent on how good of a leader are you currently in your network marketing business.
Then through this network, you can then tap on their network to bring in more business.
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