How to make money with network marketing - The Inspired Boss (2024)

Have you wondered how to money with network marketing without selling your soul?

And without pestering your family and friends?

We’re going to show you how you can make money with network marketing and debunk some common misconceptions around it.

Over the years I’ve been very open to new ideas and concepts but for some reason, I just couldn’t get past the stigma associated with network marketing. I thought it was spammy and always brushed it aside into the box of ‘I’ll never do that’. Looking back, there were so many money blocks and many beliefs that had developed as a result of comments from my earlier years.

It wasn’t until I started to understand more when some very close friends started their own businesses within a network marketing business. I really saw that it was just another business model.

A business model that incentivises their reps to grow their businesses and sell their products. It’s not unlike any other business model, except that the company is sharing the profits and your earning potential is essentially unlimited, unlike having a regular job.

Once you get past any blocks that you have, you’ll see that there’s so much potential. I also want to introduce you to the idea that you don’t have hound your family and friends with your products and business. We’re lucky to live today and have access to this little thing called the internet.

Working online to make money with network marketing

Working online, we have the ability to make connections anywhere in the world. We don’t have to limit ourselves to our local network, in fact, I strongly encourage to beyond that. When you can broaden your network, you build your team and business much bigger than you could locally (I have however seen some amazing network marketers build 7 figure businesses with their local network).

How to get started online

1. Build your audience

Where do you start? What do you concentrate on first?

After working with many businesses in the network marketing space through my social media management business, I’ve been able to see what works.

I’d strongly suggest you first start with building an audience. When you’re building this audience, you want to focus on giving them value. I see so many network marketers start by spammy their Instagram account with products and about how they’re earning money from home.

The intention is there but that ain’t going to build a solid and profitable business. Sorry to burst that bubble.

I want to give you an example:

If you’re starting your network marketing business with doTerra you know that your ideal customer is probably into health and wellness. In this case, you want to start building a platform where you’re giving them value in that area of health and wellness. This could cover so many topics and you can also include the oils.

When you’re sharing to them, you need to be thinking about how you can serve them first and foremost. You want to build trust with them and then when you ask for the sale, you’re more likely to get a positive response.

And just so you know, this really goes for any business, not just network marketing businesses.

How to make money with network marketing - The Inspired Boss (1)

2. Create your website

Now that you’ve started building your audience on a social media platform, it’s time for you to start building your own platform. It’s so important that you have something that you own. You can’t be relying on other platforms, remember they could shut down overnight or you could have you account suspended for whatever reason.

Starting your own website can be daunting but I recommend learning as much as you can and get started.

My recommendations are using WordPress with hosting on Siteground and the Divi theme. Working with clients I’ve found that these are the most user-friendly for beginners.

Related post: How to Become a doTerra Wellness Advocate

3. Start your email list

As they say, the money is in the list! When you hear this, they’re meaning your email list. Again, like your website, you own your email list. You own the contacts and you’re able to get into contact with your audience whenever you need it.

When starting your email list, I encourage you to create a freebie opt-in. This is something that you create to send out to your subscriber for giving you their email. Get creative here and create something that really gives your audience value. You want to be growing the trust with your readers and a great to do this is to blow them away with the value that you give them!

My favourite platform for email marketing is ActiveCampaign. It’s a paid platform but it’s really affordable when starting out. The other option is Mailchimp. I moved from Mailchimp to ActiveCampaign, my only regret is that I should have done it sooner! It’s much more user-friendly and really gives you the ability to easily segment your list so you know you’re sending emails to people that are wanting the information that you’re sharing!

Once you’ve created your freebie opt-in and set up your email marketing, then it’s time to start building out your funnels.

4. Build out your funnels

This, in my opinion, is key to building a profitable network marketing business. In fact, it’s so important in any business. It’s what I spend the most time coaching new team members on. Not only are they important to grow your business but you can also automate them. I’ve noticed that network marketing business owners spend a lot of time going back and forth with potential customers and team builders. With funnels, you’re able to educate and inspire your audience without having to reinvent the wheel each time!

This is key to building your team and making money with network marketing, without hounding your family and friends.

5. Getting potential customers into your funnels

Now that you’ve got your funnels set up, how do you even start by getting people into them?

There are a few options here but the main one that I focus on is creating valuable content that people are searching for. Once they’re on your blog post, you can then include your freebie offer and get them into your funnel. You can then share your blog posts with your Instagram audience that you’ve been building, on your Pinterest account (check out my Pinterest Made Easy ebook here if you’re wanting help) and you could even create ads to your blog posts (this is something I recommend you do once you’ve tweaked your funnel and got them working well).

Every audience is different and this is going to take time and some tweaking but that’s the framework to making money with network marketing without annoying your loved ones.

6. Creating multiple income streams

Just because you’re starting a network marketing business, doesn’t mean that you can’t create other products, like ebooks or courses, to help your audience. Both of these options fall into the passive income category and both can really help you make more money within your business.

If this is something that you think will really make a difference in your business, then I highly recommend that you take the Six Figure Blogger course from Create and Go. They teach you how to chose which digital products to create and then how to sell them. Whilst those modules are great, the main takeaway that I got out of the course was their system for creating funnels! They give you the exact templates they use in their businesses to take a new subscriber to a customer. I’ve used these in my businesses and have had great success!

There you have it, how to make money with network marketing without selling your soul.

Hopefully, this has been helpful and can start working towards a life that you want to live!

How to make money with network marketing - The Inspired Boss (2024)

FAQs

How much money can you make with network marketing? ›

The average network marketing salary in the USA is $128,960 per year or $62 per hour.

How to earn money through network marketing? ›

A big part of network marketing is convincing others that the product you are selling is high quality and worthy of an investment. Using and loving the product you are selling goes a long way in convincing others that they should buy in, as well. Try to avoid companies that are oversaturated in your area.

What do network marketers make their money from? ›

Anyone considering joining a network marketing operation should independently use or be enthusiastic about the products and familiarize themselves with the company structure. They should also be assured that the position is to earn commissions based on selling products and not recruiting others.

Does network marketing produce millionaires? ›

Network Marketing Millionaires make up 3% of total network marketers worldwide. The average annual income of a Network Marketing Millionaire is $500,000. The average age of a Network Marketing Millionaire is 42 years old. Network Marketing Millionaires have an average of 1,000 team members in their downline.

What is the fastest way to succeed in network marketing? ›

Network Marketing Success Tips
  1. Recall All About the Topic.
  2. Choosing the Right Company.
  3. Find and Contact Potential Clients.
  4. Develop Leaders and Give Them the Tools for Success.
  5. Network With Other Marketers.
  6. Keep Your Focus on the Task at Hand.
  7. Create a Marketing Strategy That Works.
  8. Utilise the Social Media Tools Available.
Mar 21, 2022

Can you actually make money from MLM? ›

Your recruits, the people they recruit, and so on, become your sales network, or “downline.” If the MLM is not a pyramid scheme, it will pay you based on your sales to retail customers, without having to recruit new distributors. Most people who join legitimate MLMs make little or no money. Some of them lose money.

How can I start network marketing as a beginner? ›

Here are 17 tips for network marketing success:
  1. Take selling seriously. When you begin network marketing, it's important to take the work seriously. ...
  2. Treat your connections with respect. ...
  3. Find a mentor. ...
  4. Utilize social media. ...
  5. Change your mindset. ...
  6. Be consistent. ...
  7. Use digital marketing strategies. ...
  8. Conduct extensive research.
Sep 30, 2022

Which type of network marketing is best? ›

Network marketing strategy works by adding more people to a business, marketing a product, and generating sales. The people are paid a commission depending on the quantity they sell. Common types include single-tier, two-tier, and multi-tier marketing. Of this, single-tier marketing is considered more authentic.

What are the 7 tips for network marketing? ›

7 Key Strategies for Building a Successful Network Marketing Business
  • Introduction: ...
  • Strategy 1: Develop a Clear Vision and Goals. ...
  • Define Your Goals: ...
  • Focus on What's Important: ...
  • Remain Adaptable: ...
  • Visualize Your Success: ...
  • Conclusion:
Feb 21, 2023

Who is the richest network marketer? ›

Juan Fernando Franco and Ivan Martinez from Colombia have established themselves as the top earners in network marketing worldwide, with an estimated annual income of $13,200,000. Filter By: Organization Country Annual Income (est.)

How to be a millionaire in network marketing? ›

Choose the Red Hot – Do or Die Leader:

Don't just join an MLM biz, just for the sake of your friends, family, or colleagues, but always join a team with a great upline or leader. Choosing a red hot success-minded leader is one of the most important steps to becoming a millionaire in the Network Marketing industry.

Does network marketing really work? ›

the Network marketing is a good career for a select few. ... As with any business, a successful multi-level marketing (MLM) venture will require a significant investment of time and effort. Done correctly, it's a great way to build wealth. But there's no room for people who think they can make a quick buck with it.

Is network marketing a Pyramid? ›

Multilevel marketing is a legitimate approach to sales, but it does share some characteristics with illegal pyramid schemes. The key difference between MLM and a pyramid scheme is that MLM keeps the focus on sales, while pyramid schemes generally focus on recruitment.

Does Bill Gates do network marketing? ›

During an annual shareholders meeting in 1997, Bill Gates shared his positive outlook on the future of network marketing. He believes that this business model has no limit to its growth and potential success. “If I were given a chance to start all over again, I would choose network marketing.”

What do billionaires say about network marketing? ›

With network marketing there are no employees to supervise, no payrolls to meet, and you can go off on a 6 month vacation and come back making more money than when you left. Network marketing offers a powerful dream.” Zig Ziglar – Network Marketing is known as the People's Franchise.

Is network marketing profitable? ›

Key takeaways: Network marketing is a marketing technique that uses people's connections and networks to increase product sales and can lead to significant profits depending on individuals' selling abilities.

Who is the highest paid MLM earner? ›

Juan Fernando Franco and Ivan Martinez from Colombia have established themselves as the top earners in network marketing worldwide, with an estimated annual income of $13,200,000. Filter By: Organization Country Annual Income (est.) Net Worth - Lifetime Income (est.)

What is the success rate of network marketing? ›

Success Rates: The success rate in network marketing is often low, with estimates suggesting that only 1-5% of distributors achieve significant financial success. Most of the people fail because they want to make MLM their primary income, but that is rarely the case.

How much can you get paid for networking? ›

$47,000 is the 25th percentile. Salaries below this are outliers. $60,500 is the 75th percentile.

Top Articles
Groww receives RBI approval to operate as payment aggregator
How does IG make money
Omega Pizza-Roast Beef -Seafood Middleton Menu
Funny Roblox Id Codes 2023
Fighter Torso Ornament Kit
Pollen Count Los Altos
Blanchard St Denis Funeral Home Obituaries
Jeremy Corbell Twitter
Unlocking the Enigmatic Tonicamille: A Journey from Small Town to Social Media Stardom
Merlot Aero Crew Portal
Ncaaf Reference
Craigslist Jobs Phoenix
Craigslist Pets Longview Tx
How Much Is Tj Maxx Starting Pay
Lima Funeral Home Bristol Ri Obituaries
Alexander Funeral Home Gallatin Obituaries
Schedule 360 Albertsons
Pinellas Fire Active Calls
Buying Cars from Craigslist: Tips for a Safe and Smart Purchase
Teekay Vop
Low Tide In Twilight Ch 52
Craftybase Coupon
12657 Uline Way Kenosha Wi
Wbap Iheart
Tracking every 2024 Trade Deadline deal
Where to eat: the 50 best restaurants in Freiburg im Breisgau
3 Ways to Format a Computer - wikiHow
24 Hour Drive Thru Car Wash Near Me
Vlocity Clm
Fox And Friends Mega Morning Deals July 2022
Babbychula
Iban's staff
T&J Agnes Theaters
Collier Urgent Care Park Shore
The disadvantages of patient portals
Tugboat Information
Boone County Sheriff 700 Report
Felix Mallard Lpsg
Gary Lezak Annual Salary
Bcy Testing Solution Columbia Sc
Verizon Outage Cuyahoga Falls Ohio
O'reilly's El Dorado Kansas
Courtney Roberson Rob Dyrdek
Www Craigslist Com Atlanta Ga
Brauche Hilfe bei AzBilliards - Billard-Aktuell.de
Lawrence E. Moon Funeral Home | Flint, Michigan
Jane Powell, MGM musical star of 'Seven Brides for Seven Brothers,' 'Royal Wedding,' dead at 92
53 Atms Near Me
Latest Posts
Article information

Author: Geoffrey Lueilwitz

Last Updated:

Views: 6401

Rating: 5 / 5 (60 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Geoffrey Lueilwitz

Birthday: 1997-03-23

Address: 74183 Thomas Course, Port Micheal, OK 55446-1529

Phone: +13408645881558

Job: Global Representative

Hobby: Sailing, Vehicle restoration, Rowing, Ghost hunting, Scrapbooking, Rugby, Board sports

Introduction: My name is Geoffrey Lueilwitz, I am a zealous, encouraging, sparkling, enchanting, graceful, faithful, nice person who loves writing and wants to share my knowledge and understanding with you.