Multilevel Marketing is known by many names, but What is IT and why should I care?
Multilevel Marketing among other things has become one of the most maligned industries and has gained a horrible reputation. Disreputable companies and misguided people have damaged the concept to the point that almost everyone is afraid of it. At the mere mention of MLM people immediately think, "Scam, rip-off, pyramid scheme or worse."
But Multilevel marketing has been around for a long time (over 50 years) and more and more companies are starting to use this business plan every year. So why would anyone or any company want to use such a "horrible" method for selling a product or making money?
Why?
Well simply put, because this method works and WORKS IN A BIG WAY!
MultiLevel Marketing allows anyone to start their own business and do it for very little money and little risk. You can become the CEO of your own home business.
The process of getting into MLM is a very simple. First you need to choose a company and a product that you want to be associated with. While this isn't hard, it is a very important step.
Next you need to build a network of distributors who distribute your company's product. You make money from direct sales of products or by receiving royalties (bonuses) earned from sales made by your network of distributors.
This differs from the traditional form of marketing.
If you look at what goes into selling a product like a piece of clothing, you will see that there are many people that have to get paid from that sale. It starts with a manufacturer and then goes to a wholesaler and/ or a distributor and then finally to the retailer that you bought it from. There are shipping costs, costs to upkeep or rent the buildings the clothes are in. A large amount of money is also spent on advertising and marketing the product so you will want to go buy it. Every one of these people need to pay their costs and they want to make a little profit too!
Marketing and advertising is used to support all of this because if the product doesn't get sold then no one gets paid. They try to make the product look like something you really need and they do this quite often by having people who look like your friends and family tell you how wonderful the product is.
MLM or network marketing gets rid of most of the players in a normal marketing system. It comes down to the manufacturing company and YOU. The company relies on you to get people to buy the product. The advertising is you educating people on what is available and why they need it.
After all the best form of advertisement is word or mouth. You would be much more apt to buy the piece of clothes we talked about earlier if your friend told you how great it was. Why do you think they use people that look like your friends and family when the make the commercials.
So Multilevel marketing takes the money that would go to all those middle men and gives it to YOU and your distributors. (again these are people you know and probably have become friends with) SO the power of multilevel marketing is you get paid to use a product and get paid even more when you educate others on its benefits and they use the product. In turn they also get paid to use a great product.
It's that simple and that easy.
Another benefit of MLM is it often causes the product to be of a higher quality because it is hard to recommend an inferior product. You wouldn't tell someone about an awful dress or some pants you bought except to warn them to keep away. The same holds true for MultiLevel marketing products.
So what is MLM?
Well I can tell you it is not the evil plan that you might have heard about.
- It is a viable, and actually very good, business plan.
- It is one of the few businesses you can start with little money down and can do from your home in your spare time.
- It is the perfect choice for many people looking for a way out of their daily 9 to 5 routine.
Don't get caught up in the hype of earning thousands of dollars your first week while only working a few minutes a day. Too many people have been telling you MLM is the fast road to gold, when in fact it usually starts very slowly.
Don't forget it is called net-WORK, not net-SIT of net-HOPE & PRAY.
It is a simple plan, but it isn't always easy. You do have to be committed and willing to WORK. Almost all new businesses (not just Mulitlevel) take 2 - 3 years before they really start to grow and make a profit.
But the great thing about Network Marketing is you can do it without quitting your current job and without taking out a business loan for thousands of dollars.
My advice is to take a second look at what MLM really has to offer before you shove it aside.
Think About It!
Source: Free Articles from ArticlesFactory.com
Related Tags: care, marketing, by, why, names, it, and, what, i, but, multilevel, should, is, many, known
Michael Tomberlin has been teaching and coaching for over ten years. He is now directing his efforts to teaching people more about creating their own home office. He has websites at http://www.healthylife-healthyplanet.com and http://www.bellascentedcandles.com . You can visit him there or contact Michael directly at michael@healthylife-healthyplanet.com with any concerns, comments or questions about creating your own home business. Thanks. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a