Network marketing, also known as multi-level marketing, is a business model which involves a pyramid structured network of people who sell a company’s products. The participants in this network are usually remunerated on a commission basis. That is, people in this network get commission every time they perform the specified task.
You probably have an image firmly planted in your mind of what network marketing (also known as direct sales or multilevel marketing) is all about--housewives buying and selling Tupperware while gossiping and eating finger sandwiches, or a high-pressure salesperson trying to convince you how easily you can become a millionaire if only you and your friends and their friends and so on would buy and sell vitamins with him.
Both of these images couldn't be further from the reality of network marketing. It's neither a hobby nor a get-rich-scheme but an opportunity for you to earn money running your own part- or full-time business..
Here we provide an overview of what network marketing is, how it works, and some educational options that may prove beneficial for a career in network marketing .
though there are no specific educational requirements for direct sellers, individuals interested in network marketing may find it beneficial
Network marketing utilizes a network of people to sell a particular product or good to others. Those interested in this career may benefit from sales management, marketing,.
Consumers of an MLM company's products/services can, in theory, be merely end-user retail consumers.
It is important to distinguish between the MLM company itself versus the so-called "independent businesses" run by the MLM participants.
While participants' movement up the pyramid of an MLM can be accomplished in theory, and indeed this is one of the distinguishing factors between MLM.