Network marketing is popularly known as multi-level marketing, tiered marketing and affiliate marketing. Network marketing is based on a business model on which a company distributes its products and services through a network of independent contractors.
A network marketer is an independent business owner/distributor who markets the products and services of a company to customers of their own.
In order to become a successful network marketer and receive the distinction as one of the top earners and earn the coveted title of a Network Marketer Rock star. A network marketer has to undergo four stages. These stages are Novice, List builder, Team builder and Master.
This stage is known as Academy level. You are in training learning how to generate leads and how to speak to prospects. This necessary and important stage has to be completed correctly. All other education and experiences will be built unto this foundation.
You have to go through this stage and complete the necessary work you need to do. When you have acquired the knowledge and skills, then you are ready to move to the next stage of network marketing.
This stage is known as the Gold level. You now start to generate leads and you know how to communicate with your prospects. Now you are in the process of generating more leads, and you are building your list. It has been said about online and network marketing that the money is in the list.
You are learning how to write copies. You have to know about auto responders and capture pages. This knowledge is important to capture and collect the necessary information to create your list. Conducting mass communication, running and controlling your own business are all duties of a list builder. You have to undergo training to gain the necessary knowledge to become excellent recruiter in order to build your list.
This stage is known as the Platinum level. You have a list, which is now a team of people seeking your help, guidance and leadership. You have to be able to provide value to your team in terms of content, tools, systems and produces that will help them to grow personally and professionally.
You have to know how to communicate with and train your team members. You have to be able to allocate time for group help and time for individuals who need your help. Additionally, you have to be able to keep your team together. This stage allows the team leader to earn residual income.
This stage is known as the Mastery level. This is where the money is. You are able to create and market products, which you have the rights to sell for 100%, profit. In addition, you have the ability to participate in joined ventures with other network marketers and gain the rewards and financial benefits of such ventures.
You have to continue to lead with value; also, you have to continue to provide leadership to your team members. Ultimately, the day when you believe you are something special, you are a star.