The Role and Duties of the Board of Directors
Any public limited or a private company needs to have a board of directors which would ratify the management decisions taken by the leadership. These decisions can be financial or operational that affects the day to day running of the company. Further, the board of directors is expected to give a direction to the company […]
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
Techniques of Survey Method
There are mainly 4 methods by which we can collect data through the Survey Method Telephonic Interview Personal Interview Mail Interview Electronic Interview Telephonic Interview Telephone Interviewing stands out as the best method for gathering quickly needed information. Responses are collected from the respondents by the researcher on telephone. Advantages of Telephonic Interview It is […]
Objectives and Importance of Advertising
Advertising is the best way to communicate to the customers. Advertising helps informs the customers about the brands available in the market and the variety of products useful to them. Advertising is for everybody including kids, young and old. It is done using various media types, with different techniques and methods most suited. Let us […]
Understanding Retail – What is Retail ?
Before understanding the concept of retail, let us first go through few terminologies. Market – Any system or place where parties are engaged in exchange of either goods or services is called as market. The parties are often called as buyers and sellers. The seller offers his goods or services to the buyer who in […]
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
