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Showing posts from February 12, 2023

Essentials of network marketing

Network marketing, also known as multi-level marketing (MLM), is a business model in which individuals promote a company's products to earn a commission on their own sales and the sales of their recruits. It is a form of direct selling that relies on building relationships and networks to grow the business. Here are the essentials of network marketing: Products: Network marketing companies typically sell a wide range of products, from household goods to health supplements. These products are often sold directly to consumers, with the goal of establishing a long-term relationship between the seller and the customer. Compensation Plan: Network marketing companies typically have a complex compensation plan that rewards individuals for their own sales as well as the sales made by their recruits. This structure creates an incentive for individuals to not only sell products themselves but also to recruit others to join the business. Building a Network: Success in network marketing r