What is network marketing? Network marketing is simply a business practice where a business rewards its distributors for every person they bring into the business. The compensation plan is not typically based on salaries but on the number of distributors brought into the business. The more distributors a distributor recruits, the higher the compensation.
There is so much talk about what is network marketing. People from all walks of life are drawn to this unique sales opportunity. The appeal of multi-tier or “big box” retail salespeople, where the compensation plan is solely based on how many boxes you sell, cannot be underestimated. In contrast, the appeal of a network marketing business is not based on compensation plans but on recruiting new distributors who are rewarded for their personal recruiting efforts. While the latter may sound like the lesser evil, in reality, it is the true path to true wealth building.
What is network marketing and MLM companies? The MLM industry is quite large. It can be classified as a direct sales company, an indirect sales company, or a multilevel marketing company (which is just a fancy way of saying that it has its own membership websites). One thing is clear: These companies share one basic goal: To help people make money. This common goal has produced some of the most successful MLM companies in the world.
The structure of a network marketing business model is fairly simple. At the top levels of the business model are independent…