What is Network Marketing (Video 6 of 100)

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http://mlmsuccessformula.org What is Network Marketing?

Network Marketing / MLM can be defined as Direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents.

Network Marketing is made up of two words; network and marketing.

A network is a group of two or more computer systems linked together. There are many types of computer networks, including: local-area networks (LANs) : The computers are geographically close together (that is, in the same building).

Marketing is the action or business of promoting and selling products or services, including market research and advertising.

Combining the two definitions now, we can now deduce that you need to have two or more people in your organization or team before you could say that you are a Network Marketer and you need to be marketing.

Commission is earned on the agent’s own sales revenue, as well as on the sales revenue of the sales-force recruited by the agent and his or her recruits (called downline).

Also called multilevel marketing (MLM), cellular marketing, or by other such names, it is a multi-billion dollar worldwide industry that distributes practically any portable item, although restricted or banned in several
countries due to its history as a vehicle for consumer fraud. Said to have been pioneered by the now-defunct California Vitamin Company in 1941, it is a method employed by large firms such Amway, Melaleuca, Nikken, and Shaklee-Nagamuchi.

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