Multi Level Marketing (MLM) also called pyramid selling network marketing and referral marketing is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
Although each MLM company dictates its own specific financial compensation plan for the payout of any earnings to their respective participants, the common feature that is found across all MLMs is that the compensation plans theoretically pay out to participants only from two potential revenue streams. The first is paid out from commissions of sales made by the participants directly to their own retail customers. The second is paid out from commissions based upon the wholesale purchases made by other distributors below the participant who have recruited those other participants into the MLM; in the organizational hierarchy of MLMs, these participants are referred to as one's down line distributors.
What Is Multilevel Marketing?
Multilevel marketing 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. For Comapny like Amway & Vestige etc..., which sells health, beauty, and home care products, is an example of a well-known direct sales company that uses multilevel marketing.
Various kinds of MLM plan concepts introduced in the MLM business industry, some of MLM Business Plans are listed below:
-
MLM Uni-level Business Plan
-
MLM Binary Business Plan
-
MLM Matrix Business Plan
-
MLM Board Business Plan
-
MLM Stair Step Business Plan
-
MLM Generation Business Plan
-
MLM Gift Plan/ Help Plan/ Donation Business Plan
Ibox444 Designed For Solution is best mlm company in jaipur, provides dynamic multi level marketing portal just rs.11999/-* to your customers.If you need low cost & creative mlm website design then contact here:
Whatsapp Live Chat
Whatsapp Live Chat