WHAT IS NETWORK MARKETING?
NetworkMarketing, also known asMulti-level marketing (MLM) Or now a new era called in online Affiliate program, is a business-distribution model that allows a parent company to market its products directly to consumers by means of relationship referrals and direct selling.
Independent, unsalaried salespeople of multi-level marketing, referred to as distributors (or associates, independent business owners, dealers, franchise owners, sales consultants, consultants, independent agents, etc.), represent the parent company and are awarded a commission based upon the volume of product sold through each of their independent businesses (organizations).
Independent distributors develop their organizations by either building an active customer base, who buy direct from the parent company, or by recruiting a downline of independent distributors who also build a customer base, thereby expanding the overall organization. Additionally, distributors can also earn a profit by retailing products they purchased from the parent company at wholesale price.
Distributors earn a commission based on the sales efforts of their organization, which includes their independent sale efforts as well as the leveraged sales efforts of their downline. This arrangement is similar to franchise arrangements where royalties are paid from the sales of individual franchise operations to the franchisor as well as to an area or region manager. Commissions are paid to multi-level marketing distributors according to the company’s compensation plan. There can be multiple levels of people receiving royalties from one person's sales.
Network marketing is not an industry,its a method of distrubiting products and services. You want a simple and profitable BUSINESS,dont' YOU? It is a simple and profitable HOME BASED BUSINESS without the headaches and heartaches of a conventional business.
YOU+NETWORK MARKETING GROUP+NETWORK MARKETING COMPANY+OBJECTIVE=.PROFITABLE distrubation of products or services by independant business owners(YOU)via effective and user-friendly system based on trust and belief through word of mouth recomendation from someone you trust is the most effective form of advertising in the world and rewarded by a fair and attractive compensation plan.
[im highly recommend you try it!! im going to try it!!]
1)System of distrubuting good and services.
2)A friends doing business with friends method of retailing.
3)A group of independent owners working together for their mutual benefit.
You can drive its meaning from dictionary:
Network=A large number of people,groups,instituion,etc. have connection with each other and work together as system.
Marketing=the part of business which is concerned with the way in which a product or services is sold.its synonym is "distrubution".
Combine the meaning we can define Network marketing as 'a large number of people that have a connection with each other and work together as system to distrubute a product or sevices'.