Multi Level Marketing sometimes also referred to as network marketing is a strategy of sales where a distributor is getting the incentive from the sales of distributors that he recruited. The recruits are called the distributor’s “downline”. The recruits can later recruit more distributors to enjoy the incentives. The “downline” is trained by the “upline” to major in the business. Every upline gets an override (the process of getting a cut) from downline’s sale at every level going down. This strategy encourages the distributors to recruit more distributors and hence increase the sale of the product.
MLM model is considered the safest business model as it has the lowest risk of loss. This distributing model mainly depends on the participants. The basic MLM model works on different levels. Every level of network marketing pays commissions depending on your place in the company. A company first introduces few volunteer distributors who start the sales. They’re encouraged to recruit more distributors. Every distributor that they recruit and every product that he sells brings the commission to the upline distributor. This encourages the recruitment of more and more distributors hence increasing the sales of the company without any hiring costs.
Is MLM legitimate?
As Thomas Edison said, “Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.”
MLM like all business models has its own risks and like every business plan depends on the people, company and the product. Before making way into the marketing of a company, one needs to do research on the company and the product they’re selling. The repute of the company does matter so, before joining hands for business, take a deeper look. The MLM business proposition is attractive because of low or no risk of losing revenue. Instead of starting a business from the very start, you’re given the supply and, in some cases, training as well. This different approach that instead of working typical 8-hour jobs, you are working in your own hours and every effort you make is for yourself. Another reason the legitimacy of MLM is questioned is the confusion between MLM and pyramid schemes which are often scams. The basic difference between both is operating of the business. MLM would never just depend on your money and the distributors you recruit but the product mainly. Pyramid schemes only depend on the recruitments that are made and not sales. So when deciding to join an MLM, don’t rush yourself into the decision. Take your time to differentiate between the scams and MLMs.
Network Marketing-Changing Lives:
When you’re done with the research and have found a good company to join hands with, all you need is your interest and hard work to make your way to the top. The amount of work you’re willing to put in decides if network marketing is going to work for you or not. You are now your own boss and are not answering to anybody, but your effort is only going to help you more. Your growth depends on you and only you. Take interest in the training sessions to be the distributor and be ready to train others. Network marketing requires your dedication at every step: dedication to yourself and your product. The dedication to your product will take out your salesman pitch and it would just be you helping others. It takes a bit of patience, but success would be yours.
Robert Kiyosaki, in his book “The Business of the 21st Century” said:
“By its very nature and design, network marketing is a strikingly fair, democratic, socially responsible system of generating wealth.”
Become part of the future:
This insight might have convinced you to research some MLMs of different companies. Quaestor Solutions is a good place to start your research. The Quaestor cryptocurrency is bringing you the experience of the future so it’s a good product to invest in. Quaestor MLM is an easy way to make your way up the ladder. Different bonuses and overrides are quite a good find. Check out the website https://quaestor.io to find more about the products and Quaestor MLM.