What is
Multi-Level Marketing (MLM)
What is MLM (Multi-Level Marketing)
MLM, or multi-level marketing, also known as network marketing, or referral marketing, is a sales technique in which a person sells a company's goods or services directly to customers. It gets its name from multi-level marketing from the practice in which the salesforce is incentivised to recruit and sell to other salespeople.
The fundamental goal of MLM is to increase the sales network and, by extension, increase sales. Distributors get paid based on the revenue they generate from sales. They also get a percentage of sales made by their recruits.
How Multi-Level Marketing Works
Distributors with sizable downline teams do not promote products on their own. They earn enough commissions through sales made by their downline. Existing distributors are encouraged by the commission structure to grow or diversify their downline. It enables the business to hire a larger sales force, giving it access to more clients.
Multi-level marketing schemes usually come in three different types. They are:
Multi-Level Marketing Schemes
Single-tier marketing Two-tier marketing Multi-tier marketing
Description
Read the full article to know more about multi level marketing scheme, types of marketing and Difference between MLM and Pyramid Schemes. Url:- https://insider.finology.in/juicyscams/what-is-multi-level-marketing
