We have a very wide topic here on Twentiesco today.
Hey there, I took some sort of a break from the blog. Not exactly but yes . After publishing my first eBook I thought I’d catch up a lil bit. So in this time and in the past I have been approached by so many people (both friends and strangers) to join several companies with network marketing programs as well as money pyramids. I am usually skeptical about it.
With the rising of the network marketing industry, it is important to understand as we are a big part and target of this industry. This is the first part of understanding network marketing ,keep up with this topic by following the blog through email.
Welcome to Twentiesco.
First things first.
What is network marketing?
Direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents. In this method, commission is earned on the agent’s own sales revenue, as well as on the sales revenue of the sales-force recruited by the agent and his or her recruits (called downline). Also called multilevel marketing (MLM), cellular marketing, or by other such names, it is a multi-billion dollar worldwide industry that distributes practically any portable item, although restricted or banned in several countries due to its history as a vehicle for consumer fraud.
Does network marketing work?
It does.If you are selling. How much you make depends on your efforts.The major mistakes made in network marketing are not selling and networking.
Taking an example of the Oriflame affiliate marketing program. A large percent of people have joined to do nothing with it.Most say it isn’t easy and there aren’t many customers.But this has been such a successful business for some.
Why? Because of the effort and ability to access the market differs. Those putting effort and reaching potential customers are making money out of it. The rest are simply getting their own cosmetics at a better price.
Now you have all these products and stuff that you are selling. But how are you going to sell them .
Networking is Key.Tell everyone you meet about it.I f you talk to a lot of people . you will make a lot of money.if you speak to some people you will make some money and if you speak to no people, you will make no money.
And I can guarantee you that your efforts won’t go in vain .
What is your take on this? What may be the cause of failure or success in network marketing. Let us know in the comments section.
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Okay ,Lastly Twentiesco is recruiting writers for the blog . interested? Send an email to firstname.lastname@example.org
You are twenty
You are capable
You are trying
You are powerful.
Have a great week.
Read more about Network marketing and money pyramids here .
HERE IS THE EASIEST WAY TO PLAN AND UNDERSTAND YOUR BUSINESS
Business model canvas!! Sounds like nuclear physics doesn’t it?
A business model canvas is a tool used by businesses to project what their business is all about briefly.
In contrast to business plan, a business model canvas is so brief .
At the end of this article, there is a template attached, feel free to use it after you have read this article .
Now remember the way you create a business model canvas is very systematic . We have numbered this template to make it a ride on a steep slope.
1. Customer Segments
( WHO ARE YOU TARGETING) Think of your business, very few ( if there are at all) businesses target everyone. Describe your customer. Who are they? What do they want? What do they like?
How old are they?
( WHAT IS YOUR PRODUCT OFFERING THEM)
Say you are a coffee shop. Coffee is coffee. If I sell mine packed in an ordinary cup and yours is in a instagram worthy cup. We know why millenials would buy from you.
The Unique value is not always tangible.
Sometimes it is a cause. If part of your profit goes to charity, people may use it for that sake.
Now that you know who you are trying to sell to and what is special about your product .How are you going to get to them ?
Instagram? A physical shop? An event?
Depending on what they do, find out the different ways they can access your product.
To gain a customer is one thing . To keep a customer is a whole different entity. There are shops you go to buy something and the way a seller accomodates you, focuses on making sure you leave satisfied and not just selling you a product gets you hooked. These are the shops people go back to and tell all their friends about.
5. Revenue sources
What are your customers going to pay for? These are the different services or goods you can offer. Say you sell clothes , you could also charge for styling advice or makeover. How can your premises generate you money as well? Can your office be rented fr a day or a week or more?
Exhaust the different ways you can access money and find out ways that match your cause. For example safe space doubles as a women platform and a women co working space .
These are the things you need to do . If you are running a website, you need things like hosting, writing, photography etc.. . Include everything you have to do for your business to run and
Determine what you need to get the activities done. Funds? Space? Time? People?
Patnering is the new discount. You do not need to have everything. But you can out source what you have and use it to negotiate.
Patnerships helps cut cost and share audience .
9. Cost structure
Now that you know what you will need to run the business, areas you can find partners in , list the things you will incur cost in.
HOLIDAY ACTIVITIES FOR ALL UNIVERSITY STUDENTS
Holiday time ,
A time we have been looking forward to since school started! Blink and share this post if you can relate!
I am a big pro-balance , i believe in late nights, early mornings and coffee but i also believe it is essential to lay back in the Bahamas and have someone bring you a Cool Mojito . So what do you do when you have a month or two of rest. Read On.
A bit Clichè right? But how many of us actually rest at least half of the time during the holiday?
While it is sometimes inevitable to reply that email, Attend that client, making time to take care of you, catch up on your favourite tv show or just sitting and breathing helps clear your brain and make you even more productive.
2. Learn a skill.
What a time to be Alive! Your next skill is literaly a few taps away. This skill can be a hobby you have been looking to get better at like sewing, singing, piano , cooking or something intergral in your career like history taking for new clinical rotation students or something you have wanted to do on the side( you have been talking about how you do not have time, and now Its here! ).
One of the founders of Afyatoon , an animation start-up that provides health education actually learnt how to animate during his summer holiday.
There are some things that are not taught in school and you are probably struggling with such as speaking in public , budgeting , dressing well, healthy living & more. Take time to train yourself on that.
3. Work on your side hustle
Balancing between studies and work is a challenge. Sometimes they are all demanding our time and energy. The holiday time therefore is a great time to focus on this thing , give it a mega push and this push will even save you the hustle when school starts.
4. Learn, explore and grow.
It is really eye-opening to learn a new thing or get to understand a certain topic . This can be a great time to do that. There is vast majority of knowledge and information on blogs, social media and in the actual world for you to learn .
Be curious, google , check out some you tube videos . But most of Enjoy your holiday .
What are you doing this holiday?
Twentiesco consultation doors are open! Book your consulation today and lets walk this adulthood journey together.
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