Today there are over 5,000 MLM companies in the world, and the MLM industry itself has existed for over 50 years. Network marketing came to Russia over 20 years ago.
MLM (Multi-Level Marketing, Multi Level Marketing, Network Marketing) is one of the ways to promote a product or service. This means that the structure of an MLM company must include a product or service that you can purchase. As a rule, this is a unique product or service. At the same time, you should not think that MLM is sales. Although MLM is often referred to as retail or direct sales.
Sales in the MLM concept mean promotion. The main task bank data is to make as many people as possible aware of the product and the possibility of developing their business with the company, and as a result, successful sales will not be long in coming.
We are all probably familiar with such methods of product promotion as "cumulative points system" and "discount for regular customers". Many trading companies use these methods. But in the MLM business, you are paid a commission for this.
As a business, MLM is attractive because you can start building your business without large financial investments. As a rule, entering the business of a network company is to start consuming the goods of this company. And all you need is to build your team, your structure through which the goods or services of the company will pass.
It is because your group consumes a product or service that you are paid solid rewards. In any network company you can familiarize yourself with its marketing plan.