Multilevel Marketing, or MLM, is a system for selling goods or services through a network of distributors. Multilevel marketing is also referred to as Network Marketing or Direct Sales. It is a strategy some direct sales companies use to encourage existing distributors to recruit new distributors who are paid a percentage of their recruits' sales. The recruits are the distributor's "downline." Distributors also make money through direct sales of products to customers.
Advantages of Multi-Level Marketing business:
1) Small amount of risk- There is a certain amount of inherited risk involved when you become an entrepreneur. We are confronted with losing money, wasting time, not being in profit right away, etc. In a traditional brick and mortal business, the startup cost associated with opening that business is what holds many people back from becoming the creators of their own destiny. People do not like risk and try to avoid it by all means. We'd like a "guaranteed bet" and stay within "our safe zone". In business, you don't eliminate risks you learn to minimize them. The advantage of starting an MLM Program is that there is a small risk to get started. With a couple of hundred dollars, it is possible to get started with a company of your choice, marketing products that you consume already. The amount of financial commitment is insignificant compared to that of traditional business.
2) Adaptability- Multi level marketing firms in India offer their business consultants the kind of flexibility that more and more people want – the ability to set their own work hours and grow their earning potential in direct proportion to the time and effort they are willing to put into their work. This kind of flexible scheduling opportunity, paired with several ways to generate income including sales and recruitments, are a perfect fit for entrepreneur-minded individuals.
3) Growth opportunities- Most multi-level marketing companies have some kind of growth hierarchy in place to help consultants understand what they need to accomplish or achieve to earn higher commissions or grow their network. Because consultants can make a percentage of the profits of each person they recruit, they have an opportunity to grow their income and investment in the company in a clear way – something not ever other company can offer.
4) Flexibility- MLM or network marketing business is a perfect choice for those who are fed up with the regular 9-5 job and wants a change, a person who wants to earn more and anyone else who wanted to do some job to use their free time and gain the financial independence. The joiners have their own work flexibility in hours, place and the sources.
5) Modernization- Traditional selling of network marketing products is going to be very time taking and less market coverage. But nowadays due to social media and the internet, you can target a large number of audiences and answer their all queries. This is going to be a big market on social media and increasing the chances of the sale. Top multi-level companies use this tool in their promotion.
Short Content- Multilevel Marketing, or MLM, is a system for selling goods or services through a network of distributors. Multilevel marketing is also referred to as Network Marketing or Direct Sales. It is a strategy some direct sales companies use to encourage existing distributors to recruit new distributors who are paid a percentage of their recruits' sales. The recruits are the distributor's "downline." Distributors also make money through direct sales of products to customers.