The case for Network Marketing

 

NetworkMarketing, also called MultiLevelMarketing, is a marketing strategy for the direct selling of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company’s products or services, while the earnings of the participants are derived from a binary compensation commission system.                                                       (Wikipedia)

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In a typical marketing process, you have the producer which produce certain products, and is sold to the consumer through a chain of retail stores.

However, in NM, the products are directly sold to the consumers through a network of distributors.

This way, saving a lot on the investment costs related to the setting up of the retail stores, and this can be used to compensate for the sales generated by the downline distributors.

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Not all NM plans are legitimate.

And not all NM companies are the same.

Some are pyramid schemes.

It’s best not to get involved in plans where the money you make is based primarily (ethically, and in essence) on the number of distributors you recruit, rather than on your sales to genuine customers outside the plan who intend to use the products.

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NM is an activity that anyone can take up at any point of time in life and generate income.

There are thousands who take up NM along with their main careers and then there are so many who have become millionaires by taking up NM on full time basis and making it their prime vocation.

This form of marketing does not require any qualification or any investments.

Besides generating income, the individual gets to build social contacts and relationships as well which is seen as an added benefit.

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NM  vs.  Pyramid Scheme

A pyramid scheme looks very similar to NM.

It also expands the business by recruiting several layers of members, which form a pyramid system.

However, pyramid schemes are illegal scams, while NM is legitimate.

The major difference is that the primary goal of a NM company is to sell actual products or services to customers.

Conversely, a pyramid scheme does not supply any real products or investments.

 

10 Common Characteristics of the top NM companies

01  Have been around for 5 years or longer.

02  Offer great valuable services or useful products

03  Affordable to get started with.

04  Consistent communication and support.

05  Have a realistic compensation plan

06  Reward your recruiting efforts

07  Have a good reputation among people in the industry

08  They always pay when they are supposed to pay

09  Always provide the latest information on corporate changes and goals

10  The owners are smart and competent individuals.

 

Why is NM better than a job ?

Earn more !!

When you work a job, that person is your employer.

They control your time and how you do your job.

When you have your own business, you control your pay-check, and get to make all the decisions.

 

Why NM is the business of the 21st century ?

It requires little upfront money and very little overhead.

It can be worked part time, and can generate enough income part time so that you can transition out of your full-time job.

NM is about turning people from employees to entrepreneurs.

 

Are NM companies right for you ?

Ultimately, whether NMs are right for you or not is a personal choice.

Like anything, to be successful it take time, dedication, and a solid understanding of the system – both how it works and how you can work it to your advantage.

NMs can be really great if you’re looking for a flexible schedule or have a taste for entrepreneurship but aren’t quite ready to fully be your own boss.

If you have the time and energy to dedicate to your business, you can be successful – just ask those consultants who have earned big ticket things like trips, bonuses, airline tickets, corporate cards, and even cars.

But NMs shouldn’t be viewed as a way to get rich quick and any that promise that are probably too good to be true.

 

 

For further info, please visit …

 

*Complete Guide to NM in Singapore …

https://mediaonemarketing.com.sg/network-marketing-singapore-complete-guide/

*12 MLM Business Building Success Tips …

https://www.the balancesmb.com/multi-level-marketing-success-1794489