May
15
Posted on 15-05-2008
Filed Under (Marketing) by CongressMan

Concept of MLM also known as attraction marketing is quite simple. The idea is that you have some product that you wish to sell. Ordinarily such products could be anything from vitamin pills to cold drinks or even mineral supplements. You could follow the same principles that are unique to MLM all over the world follow such as: -

  • Distributors should not only buy your product but sell them on turn.
  • They should also recruit people down the line. While ordinary business people will consider them additional competitors you will consider them as additional revenue earning sources.
  • Distinguish between genuine and pyramid schemes of MLM.
  • In multilevel marketing the emphasis always is on recruitment of distributors instead of sell of products and services.
  • MLM is very attractive as it promises wealth and independence.

Basic drawback with MLM is that it will always produce more failures than successes. The success ratio is hardly 1:10. Till date the most successful MLM plan has been the Amway. Millions of distributors world wide are working under the scheme and the average distributor can earn $700 per annum in terms of Amway products and related expenses like telephone, gas, meetings and publicity material etc. 

Thus MLM requires extreme caution and preservation for success to come to you. The need of the hour is mlm training that can really gear up the people involved in the process for real profit making endeavors. 

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