MLM, also known as multilevel marketing businesses or network marketing
is business made up of a network of dealers or independent distributors who
generate income from the direct sale of products that are supplied by the
company owning the business, but also for sales made by sellers or distributors
to integrate its affiliate networks.
The products involved in a MLM business covering different types;
however, the most common are often related to health, nutrition and beauty.
They also tend to be innovative and good quality products that are not easily
found in traditional sales points.
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Why are MLM
As for how to generate income, first the participant (seller or
independent distributor) of a multilevel business earns revenue by marketing
products that are supplied him by the company owning the business, then earn a
commission on sales engaged participants have managed to recruit (convinced
that enroll in the MLM) directly, and then a lower commission for sales made
participants that the latter, in turn, have managed to recruit.
Participants who successfully recruited directly shape the first
level of your affiliate, participants recruited in turn by the latter would
form the second level, and so on to form several levels.
Depending on the MLM business, a participant could earn commissions
on sales made participants who are within your affiliate link up to several
levels, so that the objective of participating in a MLM business is not only to
sell as many possible products but also recruit as many participants as
possible and at the same time, so they can train successfully sell products and
recruit other participants.
When our affiliate network becomes formed by a large number of
participants is when it really is possible to make money with MLM, as well as
sales we make, we can generate revenue without us having to work directly for
them .However, note that expect to earn big money with MLM is not easy. Many
people end up abandoning enter one soon disappointed in not getting the
expected results, not realizing that to succeed in this business, not enough to
simply join one, but requires hard work and dedication.
Besides having a high potential for profitability, MLM have several
other advantages , among which are:
They do not require much investment
just a minimal registration
fee, which in most cases includes some products and learning materials such as
manuals, brochures and videos.
no higher risk: if for some reason we did not sell any products or
recruit any participant, in addition to products, we will always have free
training we have received.
let us start a simple and immediate business: to join a MLM
business we are entering a business that already works where we just worry
about selling products and recruiting other participants.
they can be administered at home: they are managed from our home,
which among other things allows us to establish our own work schedules and work
in a comfortable environment.
Free training or training: We provide free training or training
(or, in any case, at minimum cost) in business issues, especially in sales.
You do not need to know business
No need to have knowledge or
experience in business, we need all the training we can get once enrolled.
access to incentives: usually have incentives or bonus programs
where we can reward cars to travel and to meet certain goals.
MLM have several advantages
but like any business model also they
have some disadvantages such as the need from us to have sales ability,
although this should not be a disadvantage if the business provides us with
adequate training in the field and put our willingness to learn .
Another disadvantage we can mention is that just as there are good
MLM that have good quality products, an attractive compensation plan and a good
training program, there are also others who do not have good products, which
are concerned in the own benefit rather than that of its members, who do not
provide adequate training, and even, in some cases seek to defraud people;
although this should not be an obstacle if before choosing a MLM business which
we reported and investigated affiliating well.
Some aspects we should take into account when choosing a MLM business are:
the reputation of the company: the company owning the business must
have good references, real testimonials and sufficient experience in the
market.
product: must have a good quality product, able to have a good
reception in the public and in great demand.
the compensation plan: must have a compensation plan that offers us
good sales commissions and allow us to form a network of members from several
levels.
the training program or training: must have a good training program
or training, which must be permanent and free choice.
investment: it should require minimal registration fee, which
should preferably include some products and learning materials such as maanuals,
brochures and videos.
It should be noted that many people confuse a MLM business with a
scheme or pyramid scheme and fear being involved in it to end,; however, we
must not confuse these business models because despite having a similar
structure are treated completely different concepts.
In a pyramid scheme is aiming to recruit participants who are asked
to perform a high registration fee with the promise that they will pay them a
lot more if the invested amount recruit other participants.
The money that each participant invests is distributed among the
members making up its network at the higher levels, so that a participant can
get your money and get the promised profit, must not only recruit new
participants, but also wait for them recruit other.
But the problem is when there is no longer recruiting participants,
and put it in some way, the pyramid collapses, which can be several
participants do not reach even to recover the money they invested.
However, in a MLM business there is always a legitimate product
involved, we have to do to enroll a minimum payment, our profits depend on
selling products, and there is the risk of not recovering the investment,
because if for some reason we do not sell any products or recruit any
participant can make our investment products that we could not sell and
training received, in most cases, are of good quality.
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