History of Network Marketing

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I was quite excited to find this article while I was researching the history of network marketing, and thought it was worth a share. It is written by Troy Rocavert – Director of Network Marketing Business School, you will find a link to Troy’s Page in the references.

History of Network Marketing

The history of network marketing originates back to the 1940’s where a company trading under the name of “California Vitamins” discovered they could make more sales when they had a lot of sales representatives selling a small amount of product each, compared to the traditional business model, of trying to have a few sales representatives selling a lot. California Vitamins also discovered that most of their growing customer base was made up of the friends and family of their existing sales representatives who had essentially referred them to the company as they were impressed with their product line.

New sales representatives were then created from existing satisfied customers and a commission based system was developed. Both teams and individuals were rewarded according to their sales efforts and as a result network marketing was born. The same company later changed their trading name to Nutrilite Food Supplement Corporation.

In 1959 Richard DeVos and Jay Van Andel founded the company Amway which was an abbreviation for the term “the American way”. Amway from day one was based on the same network marketing concept. Almost 50 years later Amway is a well established network marketing company operating in more than 80 countries around the world and with more than 3 million business operators.

Currently it is estimated that there are more than 50 million people worldwide involved in network marketing with almost 100 billion in annual wholesale revenue. Given the history of network marketing and it’s rapidly growing popularity, the network marketing industry is recognised as one of the fastest growing industries in the world today and is predicted to have significant growth well into the future as more and more companies are choosing to capitalise on this networking trend and choose to sell their products direct to the consumer. This emerging trend is also being driven by a wave of entrepreneurs who continue to drive the concept of improving quality of life and working from home.

Although the history of network marketing dates back to the 1940’s it is only now that the industry has come of age. Network marketing has now grown to the point where it is creating more millionaires today than the dot com boom industry did before the bubble burst.

The history of network marketing has stood the test of time and over the past 50 years has proven itself to be a successful distribution model and home-based business opportunity. The industry itself is now currently being endorsed by many business leaders as a proven system for anyone who wishes to achieve financial success. It is not surprising that network marketing is now one of the fastest growing industries of all time with an estimated 150 000 people just like you, joining the industry every single week.

Given the proven history of the network marketing business model and the emerging business trends the timing could not be better to capitalise on this trend and we encourage all entrepreneurs looking for a home-based business opportunity to seriously consider a network marketing business.

References
Troy’s Blog

To check out last weeks post on re-branding yourself click on the link below
Re-branding Yourself

Re-branding Yourself

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It’s time to step things up. I want to rise to the next level, and I’ve decided if I want to attract 10s to my business, I need to become a 10 myself.

“What do you say when someone asks, ‘What have you been up to lately?’ Don’t waste the opportunity with a ridiculous platitude such as ‘not much’ or ‘same old, same old’,” says Dorie Clark, author of Reinventing You: Define Your Brand, Imagine Your Future. “It’s not that difficult if you plan in advance. If you’re going to an event where you’ll be meeting people, go into it with one thing you want to talk about.”

A powerful onversationalist leaves a stronger impression on people.

I’ve created a list of things to work on, such as; filtering what I say, dressing presentable, being more confident etc. Re-branding just means changing how others view you. How you are perceived is important especially when meeting new professional contacts.

Prospective business partners, and employers often check social media to see what kind of reputation you have. So always use good photos for profile pictures.

The most important thing to remember is to protect your brand by believing in yourself, and never giving up.

To check out last weeks product review click on the link below
YOR Health Product Review