Network Marketing – A multi-billion dollar business first started at the beginning of 50’s, NM has become billed as ‘the marketing trend of the future’, ‘the rational step in the evolution of the free business enterprise system’.
Beyond the year the year 2000, the highest progress on this industry is predicted to be observed in Asia, with a solid target in on the Pacific Rim countries. Japan, Taiwan, and Malaysia are leading Asian countries wherein nm is already a significant success.
These days, millions of people worldwide are involved in this business, and the industry is responsible for over us$ 75 billion in annual sales. People are discovering that you may do this business regardless of age, sex educational background or past business practice. For just minimal initial investment, NM delivers everyone a credible way to have their own home business, freedom to choose their hours of work and who they choose to work with. Most importantly, it enables them to earn more than they actually have ever believed possible.
Network Marketing is a form of business where associates of a business promote or advertise the company’s products in exchange for commission, or a percentage of the sale.
Network marketing has a supplementary and more powerful commission structure through the referral/building network of extra network marketers.
It eliminates the necessity of costly media (TV, radio, newspapers, magazines) advertising which could represent more than 50% of the product or service cost.
Network Marketing companies possess enough money to shell out their distributors what they save in marketing and advertising. Monies normally owed for an advertising budget are paid instead in the form of compensation and bonuses to those concerned with generating the sales - the distributors/associates
Building a sales downline of consumers that can help to make one somewhat financially free- earning lifetime income
Residual income is earnings which is paid to you prolonged after the original hard work for the sale was put forth. It required only the fundamental time and effort (and maybe a bit of effort to ensure that it stays) and he/she gets paid out every time referred customers/members buys/upgrade.