[ IDEAS &
OPPORTUNITIES ]
Trends By the season Home-based Part-time stint Success stories [ FRANCHISING ] Get a franchise Franchise your
business
[ GET STARTED ] Startup tips Ask Entrepreneur Workbook Resource center [ GROW YOUR
BUSINESS ]
Sales and marketing Operations Strategies Expansion
Username  Password  LOG IN|REGISTER NOW

Get Weekly Updates

Free tips and advice to grow your business!

Get Entrepreneur Philippines Everywhere

Get Started

Expert advice on network marketing

By Jopet Pedroso

Jan 18, 2012

Out of a thousand people who buy into a network marketing company, only five will achieve success. In network marketing circles, success could be measured by the income that one brings in. These days, for one to be considered “successful,” one must earn at least P50,000 a month from network marketing. One in five is quite a low number.

Compare the income potential of network marketing to that of one of the most popular professions in the country—nursing. In the Philippines, out of a thousand nursing students, roughly 600 will finish their studies, 300 will pass the board, and 150 will get nursing jobs. Five to 10 of those who become nurses, after five to 10 years, will be promoted or land a job abroad, which will earn them about P50,000 in monthly income!

 

This ratio—five out of 1,000—is more or less the norm in many other professions. But these stats could be improved. In network marketing, as in many professions, there is a general formula for success.

Start with a Goal
Start with a goal, and not with action. Many new network-marketers, excited to share their new-found opportunity, eagerly invite their friends to join. Before you do anything, sit down and determine first how much you want to make per month. How much income do you want to accumulate in the next five to 10 years? Your goal will provide the overall plan and activity rate of your career.

1 2


Comments     Email to a friend     Go back to Get Started

Comments

1. joe reyes says: Hi I am the president of a networking company in the philippines I just started last april 2012 and I need some good consultation about this businessthanksjoe
October 13, 2012 at 6:29PM

Business Opportunities
Looking for a new business? Find opportunities here
Business Matching
The best place to look for suppliers and business partners
Investment Opportunities
Know where to place your investments
Source of Funds
Looking for ways to fund your business? Find them here
Buy and Sell
Find the right suppliers and clients for business equipment and other products
Rent, Lease or Sell Real Estate
Earn money from your properties. Post your advertisement here
Franchising Opportunities
Anything and everything about franchising
MLM and Networking Opportunities
Expand your network here
News and Announcements
Get the buzz from fellow entrepreneurs
What’s Your Problem?
Let’s solve your business woes
Starting and Running a Business
Your guide through the start-up maze
Business Tax, Accounting and Government Requirements
Swap tips and get advice on juggling your business journals