Network Marketing Terms You Should Know
Network Marketing Terms You Should Know…
The following is a list of commonly used terms in the network marketing industry, and links to more information on this site and others.
3-foot rule - talking to anybody within 3 feet of you about your “business”. Go to 3 foot rule to see if this is a recommended marketing and recruiting method.
Funded proposal – the concept of having your new prospects, or personally enrolled members in your primary program signing up for low-cost, low-end items that they need to help fund the advertising and time expenditures that got them to be your prospects in the first place.
Click here to read more about funded proposals
Peddlers, and peddler sites - the type of person who sells the program, product service up front and make some sales. The most common type of network marketer is a peddler, and the most common type of network marketer fails.
More about peddlers, and peddler sites
Reverse Marketing - Reverse Marketing means marketing back to those who are marketing to you. There are automated ways to do this and some manual methods that are even more effective.
More about Reverse Marketing on this site
Ezine Article about Reverse Marketing in Network Marketing
Siphoning method – method of recruiting that draws people attention from one item over to another. Good way to brands yourself as an objective 3d party reviewer or just someone who slams other programs to strike fear into the hearts of the non-action-takers and siphon those people into their own funnel.
Example; Don’t join XYZ program until you read this!
Read more about the siphoning method
Wide Net Marketing - the practice of prospecting to a wide and general audience within a specific industry. As related to a recruiting and marketing method, as in “casting a wide net to catch more fish” more fish.
Read more about Wide Net Marketing here
Daniel McGonagle
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