An MLM Home Business model is a business model that uses independent distributors to sell products and services directly to the public.
Companies like Amway, Avon, Forever Living and Tupperware, are just a few of the well-known companies who use the MLM Business Model. Other companies have Multi-Level Marketing as an additional branch to their operations (eg. IFA, the network marketing division of Clientèle Life).
Benefits of a Multi Level Marketing (MLM) Company.
The biggest benefit to a company who uses the Multi-Level Marketing business model is word-of-mouth advertising. People are more likely to buy a product when it’s recommended by someone they know and trust.
So, instead of spending vast amounts of money on traditional advertising, MLM simply divert their finances into commissions and rewards to distributors for sales made.
These commissions and rewards also act as incentives for distributors to produce sales. And since the MLM company only pays distributors according to your sales, it eliminates the usual salaries expenses. The result is a high level of profit for the company.
What are the befits of Muli-Level Marketing (MLM) to average people like you and me?
Ok, so people will large bank accounts can invest in MLM companies and make lots of money…But what about an average person like you and me? Well, there are a lot of benefits for those who decide to join MLM as Home Business owners. Here are just a few:
- Low Cost to start a Business: Multi-Level Marketing is the perfect industry for people who want to get into the business, but don’t have a lot of start-up capital. For as little as R2000, anyone can start their own business inside of MLM. In fact, in many MLM business opportunities, you don’t need any up-front fees to started.
- Free Business Training: Most reputable MLM companies will provide free training to their distributors. And because your sponsor is also invested in your success, he/she is obligated to provide you with coaching and training.
- Work From Home: A Multi-Level Marketing home business appeals to those who want to earn their own income without sacrificing their family obligations. The recent advances in technology have made it possible for a Home-Business owner to conduct their entire business from home.
- Financial Freedom: Most people who venture into the Home Business arena, are people who want to create an additional income to supplement their salaries. Therefore, a work from home business is ideal for them.
These are some of the reasons why people from all walks of life get involved Multi-Level Marketing.
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