What Is Network Marketing Pdf
Posted By admin On 05/06/19What is Network Marketing? Network marketing is a distribution model in which sales reps are compensated for sales they generate, and also for sales made by reps they recruit, creating a downline of distributors and multiple levels of compensation based on group sales volumes.
- Networking; thus, multilevel marketing is also some times refered to as “network marketing.” Multilevel marketing is a huge, global industry. Esti mates of worldwide sales are as high as ninety billion Marketing Education Review, Volume 14, Number 3 (Fall 2004).
- In network marketing, you persevere or you perish. Quitting is the one sure way to fail. Surviving the first year establishes a new distributor with a good basis for success.
Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella.
Network marketing programs feature a low upfront investment--usually only a few hundred dollars for the purchase of a product sample kit--and the opportunity to sell a product line directly to friend, family and other personal contacts. Most network marketing programs also ask participants to recruit other sales representatives. The recruits constitute a rep's 'downline,' and their sales generate income for those above them in the program.
Things can get sticky when a network marketing network compensates participants primarily for recruiting others rather than for selling the company's products or services. A network marketing system in which most of the revenue comes from recruitment may be considered an illegal pyramid scheme.
What Is Network Marketing In Hindi Pdf
Since network marketing programs are usually exempt from business opportunity regulation and aren't defined as franchises under state and federal franchise laws, you'll need to do your own investigation before investing any money.