Network marketing is also known as
relationship marketing, pyramid selling, word of mouth marketing,
referral marketing, direct selling, interactive distribution, and
multi-level marketing. The aforementioned are only a few examples of the
common names that this marketing strategy goes by. It is actually
unique in its structure in that the people who are in charge of selling
the product receive a percentage of commission for each product that
they are able to sell. In addition, this marketing strategy is also
unique because one also receives compensation for when the people that
they have recruited to join the existing salesforce are able to make
sales as well. To see an example of a great mlm company right now please read the WakeUpNow review.
The term “downline” is used to describe one’s recruits into the
salesforce. It is typically the resulting commission from the downline
that increases the income of a participant in this type of marketing
strategy. At some point, it is even possible to passively receive income
so long as the downline continues to generate sales.
While there have been a number of companies that have been criticized
and even penalized for their illegal use and manipulation of the network marketing
strategy, as well as other issues such as price fixing, steep entry
fees, overemphasis on recruitment, etc., this is certainly not the case
across the board.
You might be surprised to know that the history of network marketing goes back all the way back to the 1920s although this term did not yet exist then.
Going back to the marketing strategy being discussed, here, the
expectation is that participants are to market their products to
potential buyers by obtaining referrals or by simple word of mouth
techniques. Some examples of very successful companies that currently
utilize multi-level compensation plans that are in line with or similar
to network marketing techniques include Avon, Kirby, Tupperware, and
To find out whether a company that utilizes this type of marketing
strategy is a credible one, do not enter into it blindly. Do your
research. First, closely examine and look into the track record of the
company. Secondly, increase your knowledge on their products and
offerings. Do you see yourself endorsing or using these products for
yourself? Thirdly, ask as many questions as you like to whoever is
recruiting you or what not. Fourth, inquire about restrictions. Fifth,
look for other distributors that you can speak with and interview.
Number six, you will want to get the advice or input of a trusted person
such as a spouse, friend, colleague or sibling. Lastly, do not allow
yourself to be pressured or rushed into making a decision. This is a
very serious one that needs to be carefully considered and assessed.
Now that you have an understanding of what network understanding and
how exactly it works, you can go about doing something useful with that
knowledge. One example of a legitimate and successful MLM company is called Wake Up Now. Why not check them out today and take the first step towards a brighter future? Visit their website below for more information!