Network marketing, also known as Multi-Level Marketing (MLM), is a business model where independent distributors buy from the company and earn a commission on the products they sell or sold through their efforts.
Network marketing is a business opportunity that is very popular with people looking for part-time, flexible businesses.
Network marketing is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other members that they recruit in the network. The recruited team is referred to as the participant’s down-line, and are given various levels of compensation.
Its a type of direct selling where the sales person is expected to sell products directly to consumers through of relationship referrals and word of mouth.
The salesperson not only sell the company’s products but also convince others to join the company as a distributor.
Network Marketing is:
- Relationship Building
- Information Sharing
- Team Building
- Learning Leadership
- Raising Leaders
- Residual Income
- Financial Freedom