Network Marketing

Filed Under » ,
Dictionary Says

Definition of 'Network Marketing'

A sales strategy in which a salesperson attends meetings of organizations whose members are likely to be interested in a particular product or service in order to develop a book of business. The three major components of network marketing involve prospecting (finding sources of potential customers), following up with inquiries from interested parties, and selling the good or service to the prospect. Once prospects are cultivated, the salesperson will try to use his or her relationships with the prospect to get in contact with other individuals that the prospect might know.
Investopedia Says

Investopedia explains 'Network Marketing'

Salespeople may visit organizations related to things that they have a common interest in. Or they may visit organizations that they think will contain prospects but that are of no interest to them personally. For example, a financial advisor may visit a local meeting of a retired railroad worker social club in order to determine if any of its members could be considered potential clients. Or a real estate agent may attend an investment real estate club because he is both interested in investment real estate and the club offers contact with potential clients.

Related Definitions

Search results for

'Network Marketing'

  • Play The Usana Discount

    http://stocks.investopedia.com/stock-analysis/2011/Play-The-Usana-Discount-USNA-HLF-NUS-AVP-BRK.A0601.aspx
    ... problem. In fact, many large consumer product companies use network marketing
    for some portion of their business development. The ...
  • 7 Popular Marketing Techniques For Small Businesses

    http://www.investopedia.com/articles/financial-theory/11/small-business-marketing-techniques.asp
    ... Regardless of your business, make sure you create a referral network that has ... See
    The Marketing Director's Pitch.) 5. Follow-Up Advertising can help you get a ...
  • 7 Ways To Expand Your Home-Based Business - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0611/7-Ways-To-Expand-Your-Home-Based-Business.aspx
    ... 4. Network Marketing is a very active way of selling your product or service.
    Networking is a passive, almost inference-based way ...
  • Conoco Phillips Separation - Downstream Review

    http://stocks.investopedia.com/stock-analysis/2011/Conoco-Phillips-Separation---Downstream-Review-COP-CVE-VLO-MPC0718.aspx
    ... The new company will also have a large retail and wholesale marketing network
    in the United States and Europe to distribute its products. ...
  • 8 Guerilla Marketing Tips For Small Businesses - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/8-Guerilla-Marketing-Tips-For-Small-Businesses.aspx
    ... of Commerce, and other appropriate groups to start a productive network of potential ...
    Bathrooms are not off limits - remember, this is guerrilla marketing. ...
  • A Career Guide For Marketing Majors

    http://www.investopedia.com/articles/financialcareers/11/marketing-careers.asp
    ... to know everything about it - the top clients, famous marketing campaigns, the ... for
    the educational and industry-related sessions, but also to network and build ...
  • 6 Ways Social Media Helps Home-Based Businesses - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0611/6-Ways-Social-Media-Helps-Home-Based-Businesses.aspx
    ... With online social media sites, you can network with a targeted group of ... over the
    world, you can easily reach them and tailor different marketing strategies to ...
  • Royal Dutch Shell Makes Big Move Into Biofuels

    http://stocks.investopedia.com/stock-analysis/2011/Royal-Dutch-Shell-Makes-Big-Move-Into-Biofuels-RDS-A-RDS-B-CZZ0921.aspx
    ... The ethanol, which is used as a transport fuel in Brazil, will be marketed through
    the combined marketing network owned by Royal Dutch Shell and Cosan Ltd. ...
  • Outdoor Advertising Headed In Wrong Direction

    http://stocks.investopedia.com/stock-analysis/2011/Outdoor-Advertising-Headed-In-Wrong-Direction-LAMR-CCO-CBS-IPG-OMC-FMCN0922.aspx
    ... than a harbinger of a rebound in out-of-home network advertisement ... stocks, there
    may be a preference for diversified advertising and marketing service providers ...
  • Tough Times Outdoor Advertising

    http://stocks.investopedia.com/stock-analysis/2011/Tough-Times-Outdoor-Advertising-LAMR-CCO-CBS-IPG0929.aspx
    ... than a harbinger of a rebound in out-of-home network advertisement ... stocks, there
    may be a preference for diversified advertising and marketing service providers ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links