Networking 101: Networking Professional

What you need to know about networking:

Goal Setting

As in everything else in life, you need to know why and how you’ll be going through the process before you start. Sure, one of your targets this year is to make sure you land a decent job through your connections. But it’s not all there is to it.

To get started in setting your goals, you need to follow the SMART (specific, measurable, achievable, relevant, time-bound) format. This way, you can establish what, when, and how you can exactly execute what you want to get out of networking. In addition, you may also establish short-term and long-term goals to make your plans more concrete when connecting with other people.

Moreover, you need to determine what specific industry you want to work in. If possible, you should also include a certain job position you want to have. Because who wants to have applicants who don't even know what they want in the first place?

The Power of Authenticity

Being yourself helps you form genuine connections because believe it or not, people tend to sense if you’re just there because you want something from them versus you want to really help them out with something.

Share your passions, interests, and goals when interacting with others. After all, networking is about building relationships, not just swapping business cards and always expecting something in return.

Starting Close to Home

Networking doesn't have to begin with strangers at fancy events. Start by tapping into your existing network of friends, family, professors, and schoolmates. Let them know you're on the hunt for your first job. These people may have contacts in industries you're interested in or can provide valuable insights. It's surprising how often great opportunities come from unexpected places and you get to discover them by directly asking about them.

Building Online Presence

Create a professional profile on social media sites such as LinkedIn and make sure it showcases your skills, experiences, and goals as you embark on your career. Engage with industry professionals, join relevant groups, and contribute to discussions. While social media has a lot of perks, keep in mind that it can also lead to problems if you tend to overshare. Keep your personal accounts professional and clean, as potential employers may check them. Let your online presence work in your favor, not against you.

Attending Industry Events

Networking events, career fairs, and industry conferences are fantastic opportunities to meet professionals and expand your network. Research more about the event and the attendees before the actual day. Dress smart, bring your resume, and have a friendly elevator pitch ready. Start pleasant and thought-provoking conversations, ask questions, and actively listen to others. Remember, networking is not about simply selling yourself, but building genuine connections based on mutual interests and aspirations.

Following Up and Nurturing Relationships

After meeting someone interesting, don't let the connection fade away. Follow up with a personalized email or message to express your appreciation for the conversation and to continue the dialogue. Stay engaged by offering support, sharing industry-related articles, or connecting them with other professionals. Networking is an ongoing process, so don't forget to nurture those relationships, even if they don't immediately lead to a job opportunity.

State of Survival

Networking is not just about scoring job offers but also about building meaningful relationships that can shape your career trajectory. Stay true to yourself, tap into your existing network, and leverage the power of online platforms. Attend industry events, be a good listener, and follow up to maintain those connections. Embrace the adventure, and don't get discouraged by setbacks. It takes time, patience, and effort to build a strong network, but the rewards are worth it. So, get out there, make friends, and let the magic unfold.

SOURCE:

https://www.msn.com/

8-Point Test to Identify Legit Companies

💡Smart Tip: Know your 8-Point Test to Identify Legit Companies!

Here are the 8 questions to ask before signing up with any Direct-Selling Business:

1. Are there products?
2. Is the intent to sell a product not a position?
3. Are commission paid on sale of products and not on registration/entry fees?
4. Is there no correlation between the number of recruits and compensation?
5. Do products have fair market value?
6. Is there a compelling reason to buy the products being offered?
7. Is there a reasonable product return policy?
8. If recruitment were to be stopped today, will participants still make money?

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Real Network Marketing vs Pyramid Scam

This article aims to educate the consumers to spot pyramiding and unregistered investment scams of companies who claim to be network marketing business opportunities but are actually not. While Network Marketing or multi level marketing (MLM) is legitimate, many unscrupulous or misguided entrepreneurs create MLM-like compensation plans that are downright illegal violating the laws of the Philippines and destroys the ecosystem of sustainable business practices. I will share cases to dissect and illustrate. 

Case #1: The late Bernie Madoff was once a very trusted person. Imagine having the credential as a one time non-executive chairman of the Nasdaq stock market while his company was once the 6th largest market maker in S&P 500 stocks in the U.S. In March 2009, after running an unsustainable investment scheme for over a decade, he was convicted of running the biggest Ponzi scheme in the world, valued at about US$64.8 billion, for which he was meted out the maximum 150-year prison term. He also forfeited over US$17 billion, and was banned for life from the securities industry. 

Myth #1: High profile people, such as a financial expert, a philanthropist, a known socialite, a charismatic religious leader, a known businessman with rich parents, entrepreneurs with expensive cars can never run a scam! 

Reality #1: There are high profile people who have been convicted of scams in the past. 

Case #2: Company A sells overpriced products and make more money from registration fee, encouraging its members to earn money by recruiting new members than retailing products. Having no fair market value is evidenced with few buyers buying without joining the company to participate in the money scheme. 

Myth #2: We sell products, we are not pyramiding! 

Reality n#2: Pyramiding is a hierarchal chain distribution scheme that offers members/investors profits based on recruiting others to join them as downlines (people recruited under an existing member), not based much on any resale of products or real investment. This is illegal in the Philippines, violating Article 53 of Republic Act 7394. Check if there is a direct correlation between recruits and earning payout. If there is, it is an indicator of pyramiding. To go around this rule, no company will be stupid enough not to have products, so they just overprice their products versus other industry players. The income derived are mostly from within recruits through registration fee, not retailing products to outside customers. Since the rewards for recruits are much more compelling, members are attracted to keep recruiting than do retailing of products, after all, their products have no fair market value, the intent is not selling of products to retail customers but that of recruiting. 

Case #3: A binary company convince its members to buy business centers (known as “Headers”) in order to earn as many times as the business centers they signed up. Binary scheme is based on recruiting two people, with these two recruiting their own two and so on. The “spillover” (excess recruits) are put below a recruit to complete the binary.  For instance, Mr. A may have two members on his first level, four on his second level, eight on his third level, sixteen on his fourth, thirty two on his fifth, sixty four on his sixth level, for a total of 127 downlines. Except in a “header” system, instead of downlines/members being recruited by Mr. A, Mr. A signed himself up in all these business centers, at any of the levels. At P10,000 each, the investment paid by Mr. A to the company was P1.27 million, paying the uplines (those who recruited Mr. A) handsome commissions. 

Myth #3: Business centers or headers are legitimate way to earn income. 

Reality #3: Binary plan selling “headers” are classified as unregistered investment, a violation of Section 8 of the Securities Regulation Code (SRC), punishable with the penalty or fine of not less than Fifty thousand pesos (P50,000.00) nor more than Five million pesos (P5,000,000.00) or imprisonment of not less than seven (7) years nor more than twenty-one (21) years, or both at the discretion of the court as provided for in Sec. 73 of the SRC. Independent members, specially those who lost money, can file charges against the binary company and/or their uplines. This is exploiting the “Theory of Greater Fool” at work, convincing a greater fool to invest, and the greater fool signing himself / herself up multiple times becoming the greatest fool! 

Case #4: Member A claims the headers company convinced them that they are registered with the Securities and Exchange Commission (SEC) as well as Department of Trade and Industry (DTI) with papers to show, that’s why SEC and DTI never lifted a finger to investigate them ever since. 

Myth #4: A company registration with SEC and DTI are enough evidence of legitimacy of a MLM-type compensation plan. 

Reality: Unlike other countries, SEC and DTI to this day do not require companies intending to do MLM to have their compensation plan approved before operating. Registration is evidence of legal identity as a company, not legitimacy of MLM scheme. For instance, banks and suppliers would not want to give credit line if a company is unregistered. Last December 15, 2021, DTI issued administrative order 21-09 requiring existing direct selling and MLM companies to apply for the DTI Seal of Legitimacy as part of consumer protection.

Case #5: Member B claims their binary company is legitimate being a top taxpayer, major advertiser and given awards by different organizations and publications. 

Myth #5: Awards, advertising and being top taxpayers are not evidence of the legitimacy of compensation plans. 

Reality #5: Ask awards body, media company and internal revenue to explain pyramiding, unregistered investment versus legitimate MLM, and chances are, most cannot distinguish the fine print. Simply seeing awards, advertisements and being told the company is a top taxpayer, a major advertiser, or recipient of many awards, is playing on the gullibility of their members. 

Case #6: Multitel Group of Rose Baladjay, used counsellors and sub-counsellors to attract some 2 million people investing some P100 billion in her company by offering them at least 4% interest monthly, or double-your-money scheme for a lock-in period of 18 months. The scheme collapsed after the number of new people investing started to dwindle. 

Myth #6: You can take the risk early and withdraw your money just before the collapse of a pyramiding scheme. The benefit far out-weight the risk. 

Reality: The penalty imposed by the court to Baladjay was a jail term of 7 years and to return some P8 million to her investors. Many times, investors are left dry! 

It is possible that founders may not know they operate a pyramiding or header scam in the beginning, practicing the “Law of Foolish Fellowship”, having simply copied the scheme from other companies. They may later realize the only way to be sustainable is to have more recruits pay an amount in order to have funds to pay uplines but once they see the money, they refuse to amend their compensation plan to be legally compliant. 

A sad reality is that many binary companies operating with headers still continue to operate freely as if they are exempted from the law. 

It is time for consumers to be reminded to be alert and rely on being educated than simply expect to be protected when victimized. Caveat Emptor, let the buyer beware! 

SOURCE: Josiah Go

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How To Start A Franchise Business Without Start Up Cost

Mga franchise, na isang paraan ng muling paglikha ng isang matagumpay na negosyong brick at mortar sa isang bagong lokasyon. Noong nakaraang beses na dumaan ako sa isang sikat na shopping mall, tila ang lahat ng mga tindahan ay alinman sa mga sangay o franchise. Sa unang tingin, ang mga franchise ay isang perpektong solusyon sa self-employment. Ang franchisor ay gumagawa ng isang feasibility study, inaprubahan ang lokasyon ng tindahan, kit-out ito, sinasanay ang mga tauhan, nagsusuplay ng mga hilaw na materyales / stock, at kinokontrol ang kalidad ng proseso.

Ang modelo ng Franchise ay may mga sistemang nakalagay upang muling likhain ang isang matagumpay na negosyo.

 

Tingnan ang McDonalds halimbawa. Ang kanilang mga sistema ay sinubukan at pino na ang buong lugar ay maaaring patakbuhin ng mga bata sa high school. Ang resulta, ang parehong burger ay nilikha kahit saan ka pumunta, at kung gusto mo ang burger maaari kang umasa doon.

Ang bottom line ay kung gusto mong magbukas ng negosyo sa mataas na kalye at magtagumpay, mas mabuting maging franchise:

Bumili ng prangkisa ang dalawa kong kaibigan para sa isang tambak na pera na kailangan nilang hiramin at ibalik. Tuwang-tuwa kami noong araw na nagbukas ang mga pinto anim na taon na ang nakararaan. Hindi ko na babanggitin ang mga pangalan pero malaki ang kinalaman nito sa manok. Ang kanilang takeout ay natagalan sa pagrampa. Sa loob ng dalawang taon, nagsimula silang gumawa ng mga guhit. Pagkatapos ng apat, sa wakas ay nakayanan na nila ang isang holiday.

Dumating ang kalamidad sa limang taon nang matuklasan nila (o sa halip nakalimutan) na dapat silang mag-upgrade. Ito ay isang kaso ng gawin ito o mawala ito. Binago ng franchisor ang tatak at kinailangan nilang isara sa loob ng dalawang linggo at punitin ang mga kagamitan sa tindahan. Ang halagang ito ay ang lahat ng perang naiipon nila para sa isang bahay.

Ang pinakamalaking problema sa franchise

Ang pangunahing isyu sa isang negosyo ng franchise ay kung gaano karaming pera ang kailangan mong ipagsapalaran at itali.

Kung gusto mong magbukas ng isang sikat na prangkisa tumitingin ka sa pataas ng isang milyong dolyar at depende sa prangkisa maaaring kailanganin na huwag mong hiramin ang pera. Kahit na ang ilan sa mas maliliit na negosyong prangkisa sa istilo ng vendor na hinahanap mo malapit sa $20,000 US.

Sa kasamaang-palad, inaalis nito ang karamihan sa ating mga regular na tao sa laro.

Paano kung may paraan para makuha ang parehong paulit-ulit na napatunayang sistema ng modelo ng franchise nang walang pamumuhunan?

Maraming mga modelo ng negosyong work-from-home na may kaunting gastos sa pag-set up at abot-kayang bayad sa lisensya. Ang mga kita sa pangkalahatan ay mahusay hanggang sa mabuti. Maaari kang magtrabaho nang mas kaunting oras, o magtrabaho nang husto at kumita ng doble kaysa sa isang prangkisa. Ang mga inobasyong ito ay pinapagana ng teknolohiya at mga modelo ng negosyo na gumagana sa labas ng brick at mortar. Kung wala ang mataas na halaga ng brick and mortar na negosyo, nagbubukas ito ng pinto para sa mga makabagong kumpanya na magbigay ng mahusay na mga pagkakataon sa negosyo nang walang tradisyonal na pamumuhunan.

Kung interesado kang matuto nang higit pa tungkol sa makabagong kumpanyang nakita namin at kung paano mo masisimulang ulitin ang isang napatunayang modelo ng negosyo.

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I wish you success and have a nice day.

MARK C. TACORDA

Viral Team Builder

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BUSINESS TALKS: WHAT IS DIRECT SELLING?

Would You Like to Learn More About a Business Opportunity that Has The Potential to Replace Your Current Working Income Without Quitting Your Job?

You really ought to try it, either full-time or over weekends. We have a great business opportunity. You can run it from home full time or part time, or any combination.

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Direct Selling: THE ANSWER TO YOUR QUEST FOR FINANCIAL FREEDOM

Would You Like to Learn More About a Business Opportunity that Has The Potential to Replace Your Current Working Income Without Quitting Your Job?

You really ought to try it, either full-time or over weekends. We have a great business opportunity. You can run it from home full time or part time, or any combination.

Click HERE to Learn About a Business Model That is Proven Successful with Low Start-up Costs.

HOW TO BECOME WEALTHY

Would You Like to Learn More About a Business Opportunity that Has The Potential to Replace Your Current Working Income Without Quitting Your Job?

You really ought to try it, either full-time or over weekends. We have a great business opportunity. You can run it from home full time or part time, or any combination.

Click HERE to Learn About a Business Model That is Proven Successful with Low Start-up Costs.

GETTING STARTED IN YOU DXN NETWORK MARKETING BUSINESS

After extensive research scientists now claim that a person can develop a new habit in for weeks if one is fully committed. To go through initial inertia is natural, but if there is discipline and perseverance, positive change is possible. I have made a four weeks Network Marketing checklist to achieve the required objectives for your Network Marketing Business.

WEEK 1:

• Fill out you Goal and Why Card and send it to you sponsor
• Start using the products and feel the benefit.
• Read the materials provided in the company marketing folder and code of conducts.
• Learn the benefits of the core products and use the products as per the consumption chart.
• Start attending company seminars either by going to the office or taking part in Online Training.
• Time in business – if part-time, put minimum 15 hours/week and if full-time, put minimum 40 hours/week.
• Utilization of the above time: 50% in learning, 50% in building you network organization or team for the first 3 months.
• Make prospects list (from ORGANIZATIONS) as per system A.
• Take help from you sponsor and start talking to your prospect.
• Start learning the Natural Approach and Natural Presentation System.
• Get connected with your up-line success leaders.
• Prepare you own business tools folder.

WEEK 2:

• Get familiar with all the products available in your respective countries.
• Learn the Compensation Plan – take help of your sponsor.
• Learn about placement; how to place members in your team.
• Start sending the coaching form and get all your questions answered by your sponsor/up-line leader.
• Buy book from Recommended Reading on Network Marketing & Personal Growth.
• Make your own script from the Natural Approach.
• Take one prospect to the company opportunity meeting and get help from your sponsor for the Natural Presentation.
• Make at least one member in your first 15 days.
• Get connected to local leaders in your country and region.
• Start learning and practicing the Natural Approach and Natural Presentation with your sponsor.
• Learn Objections and Objection Handling.

WEEK 3:

• Attend Opportunity Meetings and all trainings with your new members and prospects weekly.
• Go through the company website and learn about International Offices.
• Learn from your sponsor the Natural Presentation being done with your prospect.
• Grow your prospect list (from FRIEND).
• Subscribe to the newsletter from Network Marketing Websites.
• Start practicing Objections and Objection Handling with your sponsor.

WEEK 4:

• Start giving one presentation per week.
• Talk to one person per day. By now you should have three members in you team.
• Make 2-4 consumers in the first month.
• Do your monthly PV and start using other products.
• Send your coaching form to your up-line leader and learn business skills.
• Start supporting and training your front line/first generation member with Week 1 training as shown above-start your duplication process.
• Start using Follow-Up.
• Join all company seminars and workshops.
• Register yourself with network marketing Online Webinars.
• Go through the bonus statement of your sponsor/up-line success leaders.

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How DXN Will Protect You

HOW DXN WILL PROTECT YOU?

1. Unlimited Income – recession free income and even income from other parts of the world while you are somewhere else.
2. Leverage of time – Earn through others
3. Makes you a leader – leader in the networking business industry
4. Makes you knowledgeable – Learn business through successful entrepreneurs
5. Helps in personal growth – Helps you develop your personality, status, etc.
6. DXN is a vehicle to success – Success is a must though it takes a little while
7. Can help you do business worldwide – Anyone, anytime, anywhere & everywhere with massive potentiality in 185  countries
8. You can be healthy and wealthy – Usage of products and doing business
9. High quality product – low price (comparing other MLM companies and products)
10. USB (Use-Share-Build) - If you know how to talk you can do business (company pays for talking to others)
11. Small Start Up - Not much investment, but big return (P550.00 makes millionaires, many examples are available within ourselves here)
12. Earn thru retailing only (Optional) – In case you can do business still can retail and earn
13. A very good marketing plan – A very unique and wonderful marketing plan can lead everybody to be successful whether he is educated or not
14. Fair pay as you work in a Halal way – No discrepancy, no discrimination
15. Have your own business – One can won his own business while DXN facilitates with offices, products, sales person, office bearers etc.
16. Freedom Life - DXN make and help you get rich, an international businessman, giving the opportunity to travel the world free, bring happiness to millions including own family members and those come by.

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Why Network Marketing is Perfect for Residual Income

A poor and a rich man were given a mountain full with coals. A month later, the rich man became richer but the poor remained poor and he asked a monk why.

There was a poor man who came to see a monk because he was too tired of living a difficult and miserable life. He complained to the monk of how poor he was while sobbing uncontrollably.

After crying for a while, he asked the monk, “The world is so unfair. Why do the rich can live comfortably while the poor live miserably?”

Upon hearing his complaint, the monk then replied with a smile on his face, “Then, how do you think the world can be fair?”

The poor man quickly replied, “By letting the rich becomes as poor as I am and do the same work like I do. If the rich remains rich after that, I will not complain anymore”

The monk then agreed to grant the poor man’s request and changed the rich man’s life to be as poor as the poor man who always complained about it.

Each of the rich man and the poor man then were given a mountain full with coal so that they could mine coal and sell it to earn a living. The monk gave a month to both of them to complete mining the coal from the mountain.

Both of them then started to work on their task. The poor man who was used to doing hard labour found his new job to be easy. He did not have any problem to mine a lot of coals.

In return, he earned a lot of money from his coals and able to provide for his family.

Meanwhile, the rich man who was not used to doing hard work found it was extremely difficult to mine coals from the mountain. He took a lot of time to mine just a small amount of coals.

Only after the sun set, the rich man managed to get a wheelbarrow of coals. He then sold it and only bought a bun for his dinner. After that, the rich man saved the money that was left after he bought the bun.

The next day, the poor man went to work as usual while the rich man decided to take a walk at the market. Not long after that, he brought two poor men to work for him.

Both of the poor men were tall and strong, suitable for the hard labour at the coal mine.

The rich man did not work. He only gave instructions to his new workers.

In just a short time, the rich man managed to collect a lot of coals. He quickly sold the coals and used the profit to hire more workers to work for him.

That day, he gained so much profit compared to the poor man who worked by himself.

A month passed by, the poor man did not finish his task the monk gave to him. He also did not have any savings as he used up all the money he got from selling coals to buy delicious food. Unlike the poor man, the rich man now had many workers and he managed to mine a lot of coals and gained a large margin of profit.

Later, the rich man used his profit to invest in many businesses and quickly became rich again like he used to a month ago. At the end, the poor man gave up and did not complain anymore.

Apparently, the key to success is…

Success is not about how much you can do but how many people you can get to do many works for you! You can never achieve great things alone so you will need help from many people to do it for you. So, always think of innovative and clever ways if you wish to be successful in a short time!

If you like this story, why not share it with your friends and family so we all can be inspired by the rich man!