In defense of the MLM industry. From the developer team, FlawlessMLM
Network marketing has a controversial reputation, which was tarnished by various fraudulent schemes. Many people don't even know the original purpose of MLM and think of it as a cunning scheme to deceive ordinary people.
First of all, let's consider the concept:
Network marketing is the principle of selling goods and services based on creating a network of distributors, each of whom, in addition to selling products, can recruit partners with similar rights. The income of structure participants consists of commissions for sales volume and additional bonuses for the productivity of personally invited individuals.
Multi-level marketing offers a potential entrepreneur to use an already established and proven business strategy. A similar organizational system is franchise sales. However, despite the obvious similarity, there are not many cases where franchisors are accused of the unsuccessful organization of a specific franchise or that specific franchisees failed.
A more detailed comparison of these types of business management can be found in the article FRANCHISE OR NETWORK MARKETING
The main principle of network marketing
The basic principle of the direct sales industry has become the idea of "do it yourself and share with a friend if you like it."
Just having savvy and sales experience is not always enough for self-realization in a network company. The products or services offered by the company must definitely appeal to distributors, as only then can they present them in the best possible way and sincerely. Only by becoming a "product advocate," a distributor can convincingly persuade opponents of the benefits and advantages of the product and form a positive opinion about the company.
The main advantage of MLM is the opportunity to work for yourself and not limit your development to just one position.
How to choose an MLM company
The reputation of a network company is built on the quality of products and transparency of leaders' actions. Like any transparent business, a network company must have the necessary certificates and, if possible, a partnership with a bank.
The standard of a network company is a unified "organism" that includes:
- Effective and in-demand product. If the product is relevant in the market, the company will be noticed anyway. Of course, it is better to contribute to this, but over time, the referral system will naturally play the role of advertising and popularize the brand.
- Automated system for payment, delivery, and statistics. It is recommended to organize the operation of a unified system (website) where each distributor will have a personal account, where data on ordered products, payments, analytics of achievements of the invited structure, company news, training\meeting calendar, and so on are imported.
- Competent compensation plan. Marketing is the foundation and stabilizer of the company. Each partner must understand the income prospects and anticipate their actions, depending on the variety and conditions of receiving bonuses, qualification requirements.
Is it really possible to earn in a network company
Network marketing is a separate business sphere where there is a natural career growth and a gradual increase in income. For example, if a person is hired by a company as a packer or consultant, they are unlikely to become rich in the first month.
But for self-realization in one MLM company or another, you will need to give it your all and dedicate all your time to it, just like any other job.
Team Relationships
Today, only in network marketing, a sponsor is interested in maximizing your development within the company. Team leaders are motivated to train and develop personally invited partners so that they grow their own structure and become an entirely autonomous cell in the system. In this case, the win-win principle works, where both the leader and the subordinate partner benefit. MLM projects operating in the legal field of CIS countries with a transparent marketing plan provide the opportunity to achieve earnings on par with the owner.
Technologies are evolving and advancing all processes towards automation and simplification, including in MLM business. New tools allow optimizing business processes with minimal costs and no loss of quality.
When considering creating or optimizing your company, it is important to turn to professional developers with experience in the multilevel marketing niche. The team at FlawlessMLM.
allow automating business processes with minimal costs and without loss of quality, based on many years of experience and a large number of implemented network projects of various orientations. FlawlessMLM specialists monitor industry trends worldwide and introduce MLM companies to new markets, taking into account the nuances and peculiarities of legislation. Contact our manager in the website chat (flawlessmlm.com) and get a free consultation on solutions for your business.
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