Basic Understanding of E-Commerce
Simply put, E Commerce is ‘Using Electronic Platform for Business Transactions’. It is also called a ‘Virtual Market Place’. Every minute millions of people from all over the world are logging into the Internet looking for some information, for product, services, to look for news, download music, for online shopping and so on. Every individual […]
Product Managers Role at Each Stage of Product Life Cycle
In the dynamic world of product management, understanding the nuances of the Product Life Cycle is not just rewarding but key to success. PLC is a step-by-step guide that helps manage a product right from its idea stage to phasing out the product. For the product manager, this is the map that ensures optimization of […]
The Relationship between the Board of Directors and the Management
The relationship between the board of directors and the management cannot be described as just being that of a relationship between an employee and his or her manager. Though the board oversees the decisions taken by the management and ratifies them along with acting as the final arbiters of the strategic direction and focus that […]
Brand Health Survey
A brand is a perception in its consumers’ minds. A strong brand can command a premium price. This power of a brand is measured using a technique of marketing research – Brand Health Survey. Figure: Current health status of some popular brands While checking a brand’s health certain vital aspects are captured such as how […]
Strategic Decisions – Definition and Characteristics
Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two. Characteristics/Features of Strategic Decisions Strategic decisions have major resource propositions for an organization. These decisions may be concerned with possessing new resources, organizing […]
Whether in an office environment, Corporate setup, at home, amidst friends, clubs or wherever you go, it is quite likely that you will discover the existence of a Network that is engaged in Multi Level Marketing. You are likely to receive calls from friends forgotten long ago who will re awaken the relationship and try to bring you into their network. House wives, students, professionals, bankers, teachers as well as retired persons included are engaged in this unique business called Pyramid Selling or Multi Level Marketing.
For those who do not know the concept, seeing a phenomenon of networking and selling through the network might be puzzling as well as interesting. The marketers are only too eager to sit down and explain the concept and the working methodology to you and urge you to join the network. Whether you are a busy professional or a student aspiring to build a career, joining and doing business with MLM network works for you. There are several reasons why people from all walks of life choose to join the MLM networks.
What makes this concept most inviting and attractive is the fact that anybody can join and benefit from the scheme irrespective of your age, qualification or experience. You will find people with no business background or financial backing having made their millions with MLM network business. These millionaires have not had any education or financial backup that helped them reach heights. Sheer hard work and focus that they have invested into MLM network has yielded such fruits.
You can be of any age (not minors of course) to join MLM network and start earning. This factor has made it possible for students to join and make money to support themselves and their studies. It has given a second lease of life to pensioners and retired persons who have found an engaging and paying second career in their sunset years. Lot of people who are handicapped and with disabilities too have found MLM an easier method to become self sufficient and self reliant.
The MLM method of business gives a common man a chance to dream and make it big as a millionaire. There are no limitations to how much you can earn. The more you perform, the more you get to earn. The real life cases of people who made their millions with MLM sales show that your goals are achievable.
When an MLM Distributor tells you that you can get into this business without any investment and start earning almost immediately, you are not likely to believe. But this is true that in MLM business, you do not need to invest in holding any inventories, no retain space, showroom or office is required to be setup. You do not need to leave your job or sacrifice your career. The potential to earn is unlimited and enormous.
Most often people back away from starting their own business as they do lack the appetite to risk. MLM networks offer opportunities that are virtually risk free and do not call for any financial investment or risk. In most of the business models you are not even required to hold inventories or products and if you do, the Company would be willing to buy back your stocks in case you are unable to sell. Other than investing into the starter kit which would be of negligible amount, you can build a risk free successful business on your imagination and hard work.
No wonder with virtually no entry barriers and ample opportunities for people to earn decent incomes, MLM attracts people from all over the world and from all walks of life.
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Finding and Keeping Customers in Multi Level Marketing (MLM)
February 12, 2025
