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Multi-level Marketing (MLM) or Network Marketing is a business model in which the dealer is rewarded not only for the sales it makes but also for the sales of other dealers he has brought into the system. Therefore it is called multi-level marketing. Commissions are, in most cases, paid from multiple levels of distributors. In MLM, the commission system is called the compensation plan.

Network marketing is a method of direct sale, where the supplier company creates conditions for individual, independent entrepreneurship. Dealers, who are not employees of the supplier company, can mediate entry of other dealers into the supplier structure. This creates a system of independent distributors who are rewarded for sales of products and services they make themselves and for sales made by other dealers below them in the structure.

Many people refer to network marketing as a fraud based on a pyramid or Ponzi scheme. There are many half-truths and myths about this kind of business. Such misleading information about MLM is widely found throughout the Internet, usually spread by poorly informed people or those who have failed to succeed in it.

The basic difference between an honest business and a fraudulent system is that through legal network marketing dealers sell real products and real services.

Companies that use network marketing to distribute their products tend to have significantly lower spending on conventional advertising because information about their portfolio is spread through a network of dealers. They mostly sell their products to people in their neighborhood, to family members, or colleagues. With the growing the number of dealers also grows brand awareness. Companies are using MLM to often reach audiences that would be otherwise hard to reach using traditional marketing methods.

One of the oldest companies that use network marketing for distribution is the American company Watcher's, which has been in business since 1932. Since then, hundreds of companies from various fields, who sell their products or services through MLM, have sprung up. According to the Direct Selling Association (DSA), there are around 16 million people in the U.S. involved in direct selling, collectively generating an annual turnover of over USD 32 billion. This method of sale is, however, widespread around the world. Every day, the system welcomes thousands of new independent dealers.

Doing business in network marketing has many advantages over a conventional job. MLM dealers determine their own objectives and tasks and they don't have to listen to any boss. They are masters of their time, they can work from home, and they take time off whenever they want. This freedom, of course, comes at a price in the form of greater requirements on self-motivation. However, it is the freedom what attracts so many people to this kind of business.

The possibility of unlimited profit is based on the principle of the evaluation system of network marketing.

Working in MLM is different from regular employment, especially in terms of its unlimited income. Equally, however, there are no lowest limits for your income either. Therefore, it is advisable to leave your job not until your MLM business generates a stable, sufficiently high income. Many people choose MLM as an additional income that will help them to provide for old age when they no longer can go to work.

Network marketing requires a lot of learning and effort and may not be suitable for everyone. People who succeed in it have excellent sales skills and the ability to manage a team of people. Also required is enough motivation, positive thinking, and the ability to go on no matter what. Because network marketing is based on recruiting new people, people with strong charisma and great social skills have a great advantage. Those who choose freelance work from home so they would not meet with other people are likely to fail.

Some MLM distributors do not meet with a lot of people in the real world thanks to their large numbers of followers on social networks or blog. And they also have a great chance to succeed. Many MLM programs are now operating purely online, where new dealers can sign up directly on websites.

MLM Gateway connects those who are involved in network marketing, providing home-based business leads. By contacting other members and presenting them the home based business they work in, MLM Gateway users create effective leadgeneration. This results in a rapidly growing network of business leaders in the network marketing program structure. Since MLM Gateway members already have experience with network marketing, it's far easier to establish a partnership with them. Take the Full Advantage of the MLM Gateway Leads Generation System to Grow Your Own Business. Click on the link to Get Stated Free!
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Aug 19th 2018 02:15