Network Marketing – Know All About It
What is Network Marketing?
Network marketing is also called multilevel marketing (MLM) or direct selling. Network marketing companies are businesses that use a strategy of recruiting new distributors and selling them products, services, or both to earn commissions. The concept of network marketing is not new. In fact, the oldest form of network marketing dates back to the 1600s when companies such as Procter & Gamble were founded as a result of door-to-door salesmen selling products directly to the consumer. When you think about it, this is really no different than what we do today – except we don’t use door-to-door salespeople. We use social media and Facebook ads instead! It is related to social networks and internet marketing because they promote products using their friends’ social networks.
Network marketing is a business model that exploits the opportunity to earn income through the sales of multiple products, services, or subscriptions. To create a network of distributors who will generate an ongoing flow of revenue by selling your product lines, you’ll need a strong compensation plan and a powerful incentive system based on performance. Network marketing is a way of doing business where small businesses are owned and operated by an individual or group. There are no employees but there may be some contractors. The idea is to develop your own business while also helping others build their businesses for financial gain.
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