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In short, network marketing 2.0 or digital network marketing has to do with leveraging modern tools and platforms for building relationships, generating leads, and growing a business employing a contemporary means of traditional network marketing.
Digital network marketing allows free representatives or distributors to use social media, content marketing, email, and online channels, among others, to market products or services, recruit a team, and get a commission. It allows them to reach out beyond their networks and touch a global audience.
Main Functions of Digital Network Marketing
The range of various products: A digital network marketing company offers various products that, in itself encompass a wide range of sectors. It may either deal with health and wellness or technology and financial services.
Compensation Plans: Most of these companies offer compensation programs that reward salespeople for their performance and that of the people on their team.
Building Trust and Relationship: It revolves around building real relationships and trust among customers and team members. This is by open communication that delivers value and yields quality products or services.
Utilization of Technology: Technology sits at the very heart of digital network marketing. Distribution utilizes these channels of a website, social media, email, and automation in reaching wider audiences, doing tasks, and tracking performances.
Training and Support: Excellent these companies offer comprehensive training and support to help empower distributors in successfully building their businesses and networks.
Benefits of Digital Network Marketing
Flexibility: Anyone can make money working from anywhere with any form of internet connection. The hours that work are flexible, and the locations are flexible.
Low Startup Costs: When compared to traditional brick-and-mortar businesses, it is relatively low in startup costs, as it achieves broad accessibility.
Potential for Unlimited Income: Upon succeeding with a digital network marketing business, the possibility of getting passive income and achieving financial freedom is highly guaranteed.
Potential Global Outreach: The internet also provides easy connectivity of the digital network marketer with any person across the face of the earth, thus in return increasing your potential customer base as well as your team.
Personal Development: Engagement in digital network marketing is a significant mode of personal development through acquiring various skills, leadership opportunities, and many other forms of help.