By helping others to grow their business you ensure growth of your own business. I have seen this theory work even while dealing with competitors. This confirms one of the golden rules - you get what you give to others.
I have been involved in building and running factories to generate profit and credibility - right from constructing foundations for machines and buildings up to the point of developing customers and retaining them. In the process I have had to deal with many agencies - suppliers, customers, consultants, government officials, licensing firms and many others.
Whenever I negotiate a deal with these agencies, I always have two considerations at the back of my mind. One of them is cost reduction and the other one is the prospect of entering into long-term relationship. It is often possible to resort to arm-twisting to get a deal which appears better for you. But there is a better approach - the collaborative approach.
Collaborative Approach - Let us take the case of a supplier or a vendor. While it is possible to force a deal in your favor, collaborative approach makes that unnecessary. In this approach you actually work with the vendor as a consultant to help him to reduce his cost of sale, and then get the savings passed on to you. This creates a win-win situation, good relationship develops and long-term source of supply is ensured.
Similar approach works with customers also. Customers can be helped in growing their business, in solving their technical problems and other issues. This may not give immediate monetary benefit, but there are longer-term advantages. One obvious benefit is that loyal customers are developed. Another equally important benefit is that customers actually advertise for your products. This is a no-cost advertisement endorsed by actual user of your product.
Network marketing uses a collaborative approach that makes it really appealing. It is unfortunate that network marketing or multi-level marketing is not really considered as respectable as it deserves to be. This may be because many network organizations have disappeared because of faulty systems or un-ethical practices. Many programs did not have any products to sell; their business was only recruiting down line members. Such programs and associated legal issues should be totally avoided.
PERSISTENCE PAYS - One of the reasons why new affiliates give up too early and too easily is that they were probably lured by some get-rich-quick scheme to join the program which did not materialize as they were led to believe. In any good network marketing program it is important to realize that results will be forthcoming only thru persistence. Building any business which can yield returns sufficient to support a family takes time.
Good Affiliate Programs - While many organizations have disappeared in thin air, there are also organizations that are growing and growing. Many programs offer unlimited earning potential. It is important to join only good programs with proven track record. New affiliates are often new to the Internet business and join with the hope of making some extra cash working part-time or working from home. They need support from the organizations operating the programs by way of training, sales promotion material, discussion forums etc. Many programs provide such support to their affiliates.
Personal Guidance - While all these material can help a new affiliate, there is no substitute for personal guidance. Apart from other benefits it can provide, it at least assures the new affiliate that she is being taken care of and is not left alone. This is where collaborative approach comes into play. Generally the person who sponsors the new affiliate works as a guide. The guide has more experience in this field and helps the new affiliate to grow her business.
Leveraged Earnings - The programs that have a system of providing leveraged earning to its members particularly take advantage of this situation. In leveraged earning, a member earns from the efforts of the down-line members. Suppose you have members in your down-line just below you, and these members have their own down-line members. Like this there are several layers of members below you. Depending upon the program you have joined, you can earn leveraged earning when your down-line members in several layers below you earn their commission.
In this situation it will be to your advantage to help other down-line members earn commission for themselves. They are also happy to earn for themselves with your help. This collaborative approach works out a winner for all concerned.
Apart from monetary benefits, there are other issues involved in the collaborative approach. In my opinion the most important aspect is that the new affiliate does not feel neglected. There are now plenty of free information available in the Internet, most of which can be obtained by visiting websites or thru autoresponders. All the secrets of running successful business are out there. Yet only a few people are able to succeed and earn back their investment. With so much of often-conflicting information people get more confused than educated. If there is a person to guide you it will at least give you a sense of relief.
There are awards also for those who guide others to realize their dreams. This is the sense of satisfaction they get in helping others and earning their life-long gratitude. Other bonus gift is opportunity of building your credibility and gain trust of your business partners.
The sense of belonging, which develops in collaborating with others for overall growth of all, is the real beauty of leveraged earning.
Sanjay Johari helps in operating on-line small businesses. Experience the power of leveraged earning. For top business opportunity, information, e-books, articles and more opportunties, visit Http://http://www.Sanjay-J.com
Subscribe to Home Business Tips newsletter with hundreds of tricks and tips for Home Business. Send a blank e-mail to sanjay-j@getresponse.com
Most people want to be successful in life. There are... Read More
Network Marketing is the most POWERFUL business model on the... Read More
You don't have to have a lot of people to... Read More
Network Marketing, 'MLM', and Multi Level Marketing are all terms... Read More
If I walk down the street today, telling people about... Read More
You MUST Ignite a FIRE in your Network Marketing business!... Read More
Failure.The word almost makes me want to throw up. Because... Read More
Network Marketing business is the opportunity of the 21st century... Read More
Experienced Internet Marketers and beginners alike have one thing is... Read More
Multi-level Marketing companies abound by the thousands. A great many... Read More
The first thing any business organization owes itself is self-perpetuation.... Read More
There are so many misconceptions flying around out there about... Read More
With email filters, blockers, and simply tons of unsolicited email,... Read More
What is network marketing?Many of you might be asking yourself... Read More
How many opportunities to expose people to your business do... Read More
Network Marketing success is easy when we tell our stories.... Read More
First, let me clarify what kind of Home Business I'm... Read More
Take every program that doesn't include a powerline system and... Read More
Network marketing companies are mushrooming up everywhere these days. It's... Read More
?build trust and watch the cash roll in!As you are... Read More
There are many factors that impact Success in life. And... Read More
Back in the early days of developing my home based... Read More
There are three basic concrete points that should be followed... Read More
For years, industry experts have been predicting that video was... Read More
You've done it. You've signed up with a network marketing... Read More
Getting a network marketing lead.Getting a network marketing lead is... Read More
Everyone who has thought about starting a Home Based business... Read More
I want to share my experiences so hopefully it will... Read More
In my last article entitled "How to succeed in MLM... Read More
Just whisper the words "network marketing" and you're bound to... Read More
Do you understand the Power of one new thought in... Read More
Network marketing success does come to many people and to... Read More
Positive thinkers dare to believe that the biggest and best... Read More
This article is dedicated to novice entrepreneurs who are struggling... Read More
There are many different reasons why people choose to get... Read More
By Combining 3 Free Online Tools you will learn to... Read More
You don't have to have a lot of people to... Read More
Recruiting on the Internet in MLM is very popular! Yet,... Read More
Working at home in network marketingHome based network marketing has... Read More
First, here's my tip of the day: There are proverbs... Read More
1. SimplicityThe network marketing opportunity must be simple in design... Read More
If there was a way that you could guarantee to... Read More
Finding mlm leads for network market can be a real... Read More
That can be two words that transform your life forever,... Read More
Are you fooling yourself into believing that you actually are... Read More
So you've gotten the training certification, made up your business... Read More
How or why some people excell at Network Marketing, while... Read More
Internet based network marketing is a rewarding business for those... Read More
The words, "I quit..." have never been more costly.Network marketers... Read More
Network marketing strategy is all about achieving success in the... Read More
The world of network marketing has many aspects, but promotion,... Read More
In the search for the quickest way to get rich,... Read More
The first thing I did was start searching the internet... Read More
Network marketing has a fantastic range of business opportunities. First... Read More
Did I hear you say that these are not your... Read More
In my last article entitled "How to succeed in MLM... Read More
These are time tested tactics that will set you apart... Read More
Okay - you've decided to take the plunge and get... Read More
In the old days we would play in the woods... Read More
Opt-in MLM leads are one of the best ways to... Read More
After 22 years in this industry, 14 years fulltime in... Read More
Targeted MLM leads go directly to the heart for your... Read More
In recent years people are increasingly looking for extra source... Read More
Two Things (Maybe Three):1) Over the course of this on-line... Read More
Combining your home life with your work when you have... Read More
There are many moms that have made the decision to... Read More
Network Marketing |