The richest man in the world: Bill Gates has stated that the 3 most profitable industries in the world are:
(1) Information Technology (2) Telecommunications (3) Network Marketing
Isn’t it easy to see how a combination of the 3 largest business markets is going to help you achieve success beyond your wildest dreams?What does the Internet have to offer?
Imagine:
(1) Video Conferencing
(2) Lead Capture Pages
(3) Sequential Autoresponders (4) Rich Media Advertising (5) E-mail Blasting
(6) Online Order Processing
These are examples of some tools on the Internet that can be used to your advantage in your network marketing business. I will explain that more in the later chapters about how each of those tools can greatly benefit your network marketing efforts in recruiting.
On the next page, I will give a general outline on the pros and cons of both Internet marketing and network marketing so you will be able to compare the various advantages and pitfalls. This will help you to evaluate and understand how to apply both to your advantage.
Comparison Between Network Marketing and Internet MarketingLittle direct human interaction: Hard to build relationships over the net No social skills required
No loyalty to the team because you don’t really know them personally
No premises to impress prospects. Prospects have little confidence because of lack of premises.
Requires online transactions and your acquiring your own e-currency. Merchant account charges and processing fees. Prospecting can be done ANYTIME No need to drive to meetings
No need to wait for or collect products from the warehouse.
Digital products. No waiting time, Instant customer gratification
Does prospecting for you without you physically being there or calling your prospect
Follow-up done by sequential
autoresponders
Online training available anytime
Little to ZERO overheads
Little discipline. People are less productive at home due to distractions. Internet Advertising ranges from zero to minimal. Qualified leads are filtered for you.
Success depends on building
relationships with people
Requires you to be good at talking to other people and good social skills. Able to forge strong bonds with team because of working together
Able to build large buildings to give distributors the confidence of a long term business.
Cash business, check or credit card
Only when distributors are awake Meet online in the comfort of your own home
Line up long queues, parking problems and heavy loads to carry
Stocking, shipping problems
Prospect might choose not to answer your call or may be too busy to meet up with you
Follow up must be physically done by you or your upline
Need to meet together for training and follow available timing
Phone bills cost a bomb
Petrol, Phone bills, entertainment
charges, premises
If you go to your office, you will be more productive compared to doing it at home. Advertising can be very expensive and it is hard to gauge the response.