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	<title>All about Business &#187; Networking</title>
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		<title>Network Marketing &#8211; Why is it so great?</title>
		<link>http://falynnkoch.com/networking/network-marketing-why-is-it-so-great/</link>
		<comments>http://falynnkoch.com/networking/network-marketing-why-is-it-so-great/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 21:12:58 +0000</pubDate>
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				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Network Marketing]]></category>

		<guid isPermaLink="false">http://falynnkoch.com/?p=30</guid>
		<description><![CDATA[If you&#8217;ve ever heard of Network Marketing, you&#8217;ve probably heard it said that it is essentially a people&#8217;s business. Some have also labeled it a people&#8217;s franchise because of the similarities between the business models of network marketing and franchising. Advocates of the industry name it as the ultimate people&#8217;s business and say there is [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">If you&#8217;ve ever heard of Network Marketing, you&#8217;ve probably heard it said that it is essentially a people&#8217;s business. Some have also labeled it a people&#8217;s franchise because of the similarities between the business models of network marketing and franchising. Advocates of the industry name it as the ultimate people&#8217;s business and say there is nothing quite like it. People that are in network marketing will immediately respond positively to this.<span id="more-30"></span></p>
<p style="text-align: justify;">One of the unique characteristics of the network marketing type of business is that every individual distributor is in business for themselves but never by themselves. They will always be part of a larger organization and the compensation models are designed in such a way that every person can count on some form of support from their upline.</p>
<p style="text-align: justify;">It is no secret that fortunes can be made in this type of business and many have done just that. Of course this is not the majority of network marketers, but every individual distributor does have the same chances. Success or failure in network marketing is not dictated by politics, race, age, background or gender, but always by results. In that respect it is probably also the fairest business model in the world.</p>
<p style="text-align: justify;">For many people however the true value of their home based business is not directly in the financial return. The lessons a person can learn while building his or her own network marketing business are truly priceless. Many people are totally transformed through the personal growth they experience as a direct result of their challenges in their MLM businesses. It forced them to get out of their comfort zones, grow, and in many cases become a better person.</p>
<p style="text-align: justify;">So what is so unique about network marketing in this respect? Doesn&#8217;t every entrepreneur have to deal with challenges? The answer of course is: Yes, they do. And they also experience personal growth as a result from this. However there is a significant difference. Most entrepreneurs are self made and many of them learned their trade largely outside of formal education. Either they were taught by a family member, a mentor or perhaps they learned everything the hard way: by trial and error. Very rarely will you find an entrepreneur that has an extensive library of books and tapes on personal development. Most businesspeople don&#8217;t attend seminars and motivational trainings. They think it&#8217;s all a bunch of hype. While in some cases this can be true, there are many trainings and seminars that teach the principles of success better than any textbook found in business schools.</p>
<p style="text-align: justify;">One of the great things about network marketing is that this type of education is built into the training systems of all good companies. There is no business on the face of the earth that places such a strong and direct emphasis on the importance of personal development as the network marketing industry. Many companies might argue that they spend a great deal of their budget on education; training employees and as such assisting them in personal development but in most cases what they are actually talking about is personnel development. Although the words are almost identical, their meanings are vastly different.</p>
<p style="text-align: justify;">Network marketing is all about building people. It is probably the best school on the planet if you want to learn about what it takes to be successful in life and you don&#8217;t need rich parents or some kind of scholarship to enroll.</p>
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		<title>Business Networking and Marketing Ups and Downs</title>
		<link>http://falynnkoch.com/networking/business-networking-and-marketing-ups-and-downs/</link>
		<comments>http://falynnkoch.com/networking/business-networking-and-marketing-ups-and-downs/#comments</comments>
		<pubDate>Sat, 06 Jun 2009 21:06:51 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://falynnkoch.com/?p=27</guid>
		<description><![CDATA[The last couple of days have been beautiful, the weather near perfect and some of us are suffering from spring fever while others are simply struggling with the pollen levels. This time of the year reminds me that summer is coming and things are about to slow down – in networking. I would like to [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The last couple of days have been beautiful, the weather near perfect and some of us are suffering from spring fever while others are simply struggling with the pollen levels. This time of the year reminds me that summer is coming and things are about to slow down – in networking. I would like to take just a moment and discuss this trend and what I believe may be the cause of it.<span id="more-27"></span></p>
<p style="text-align: justify;">Let’s begin in the fall. At this time of the year we are working feverishly trying to procure new business because we realize that around the holidays things will slow down. As December draws near, some of us become preoccupied with things like parties and shopping and our attention turns from building our business. Others find it increasingly difficult to make contact as people begin long vacations.</p>
<p style="text-align: justify;">Then the holidays pass. We put our marketing and networking efforts into high gear, going to several meetings a week, trying to get things cranked up again. The result is increased business and increased profits. Have you ever noticed that in the early part of February that things begin to pick up almost at a maddening pace? When this occurs, unless we are prepared for growth, we start to back off on our promotions as we scramble to complete the work that has been generated by our marketing efforts.</p>
<p style="text-align: justify;">In effect, we stop networking. We lose contact with those we have been making and asking for referrals, and they begin to feel as if we are not interested in them any longer. When this happens, they may look for someone else to refer when that target prospect comes along.</p>
<p style="text-align: justify;">By early to mid summer, we are starting to crawl out from under the workload and we again look for opportunities. Unfortunately, the vacations have started again as children are released from school for the summer. Thus it is very difficult once again to find the contacts that were out there just before our business picked up again late last winter.</p>
<p style="text-align: justify;">By mid August, school is back in session and people are coming back out into the networking world again. Of course we are seeing some of the same people that were there before, but there are also a lot of new faces as well. Because we had slacked off from our promotion efforts, we were not there to greet the new faces as they started their new business. So the people who have a balanced networking and marketing strategy are there to greet them.</p>
<p style="text-align: justify;">These are the people who have businesses that seem to be growing. They have a marketing and networking plan that is consistent year round. When many businesses are experiencing that new business rush in the spring, these business owners are ready to absorb the new business with new employees or temporary help. They realize that to maintain growth means to be ready for any upswing in the economy that could propel their business to the next level.</p>
<p style="text-align: justify;">So how do we accomplish this? First plan for growth. Have a system ready for when you have more business than you can handle so that there is help you can call. This is managed by building relationships with temp agencies, headhunters, and placement firms. Hire people on a contractor basis if necessary. This saves money on benefits and salaries when thing are a bit slower. It also reduces the amount of paperwork when it comes to payroll processing and taxes.</p>
<p style="text-align: justify;">Next, develop a plan for networking that is manageable. Set a goal for the amount of meetings that you would attend when business is just OK and stick to it when business gets better. Attend functions year round, even during the holiday seasons.</p>
<p style="text-align: justify;">Plan vacations when necessary, but don’t assume that everyone is going on vacation simply because it is summer. Most people have to accommodate the schedules of others and entire companies usually do not go on vacation at the same time. Notice that larger corporations always have staff on hand to do business while an employee is on vacation. Also take note that large corporations do not stop promoting just because it is the month of July or December. They are consistent year round.</p>
<p style="text-align: justify;">The lesson here is that, if you want to grow into a large company, take a look at what large companies do. Emulate them if they are successful and you may be able to duplicate their success. You must be constantly marketing, networking and promoting to ensure consistent business year round. If you decide to slack off now because business is good, I guarantee that when autumn comes you will be working twice as hard to get things going again. If, on the other hand, you keep on consistently marketing the way you did when times were slow, you should be able to experience the growth of both your company and your bank account during the entire year.</p>
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