What is Network Marketing Business?
Network marketing is a business model that depends on person-to-person sales by independent representatives. A network marketing business may require you to build a network of business partners or salespeople to assist with lead generation and closing sales.
There are many reputable network marketing operations, but some have been denounced as pyramid schemes. The latter may focus less on sales to consumers than on recruitment of salespeople who may be required to pay upfront for expensive starter kits.
How Network Marketing (MLM) Works?
Network marketing is known by a variety of names, including multilevel marketing (MLM), cellular marketing, affiliate marketing, consumer-direct marketing, referral marketing, or home-based business franchising.
Network marketing model based companies often create tiers of salespeople i.e., salespeople are encouraged to recruit their own networks of salespeople. On their own sales,the creators of a new group earn commission and that group of peoples made sales and created new level of group . Like the way, a new level of people can rooten another group, which offers more commission to the person in the top level and also in the middle level.
Depends upon the recruitment of people and the product sales,earnings of the salesperson will vary. Those who got in early and are in a top level make the most.
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