All You Need to Know About Network Marketing 

  • 7th May'21
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What is Network Marketing?

Network Marketers have their trend of developing consumers for their products. They believe in direct sales to their customers. They form a chain of customers and in return also help the customers gain profits and earnings. It is a decade-old marketing model that pertains to selling legitimate products at fair prices directly to consumers who require them. Instead of allocating products to stores and depending on hired salespeople, companies use a network of distributors, who initially started as customers. 

For companies, this is a lucrative means to sell their products and expand their reach with minimum marketing cost and no salaried workforce. For distributors, who usually work from home, network marketing is an opportunity to begin their own small business with adaptable working hours.

Read the below article to know more:

Network Marketing

Network marketing programs feature a low upfront investment--usually only a few hundred dollars for the purchase of a product sample kit--and the opportunity to sell a product line directly to friend, family and other personal contacts. Read More 

 

Benefits of Network Marketing

Emerging trends like Network Marketing help companies to persuade a large number of consumers. Manufacturers commonly use network marketing in business structures that require multi-level marketing. This is because such business models include a large network of consumers who become distributors and develop a new trusted market for the company.  

  • There are completely no limits on the size of the network marketing structure. This happens because corporations can tie up with numerous people to become distributors. Further, distributors can c0-ordinate with other sub-distributors to broaden the company’s sales.

 

  • Due to a credible and strong distribution network that immerses customers directly, companies aren't required to depend on advertising to market their goods.

 

  • Another benefit is that corporations do not need to spend a lot of capital on storage and distribution. This is because distributors end up assuming these expenditures themselves.

 

  • Finally, this structure enables distributors to attain an unlimited income from their dealings with the corporation.

 

Read the below article to know examples of network marketing: 

Top 100 MLM Companies in the world 2020 | The 2020 List of Network Marketing Company

These top players in the global network marketing industry are retaining their leading positions for the past decade. Read More. 

Top 10 Direct Selling Companies in the World

The number one direct selling company is Avon Products, Inc. with net sales of $11.3 billion in 2011. Read More 

 

40 Top MLM Companies in the World (Great Products + High Commission)

So whether you are a health-conscious family or just want to make some extra cash selling products you ought. Read More 

Must Read: Do You Know About Social Media Marketing Myths?

Read the below article to know the benefits of Network marketing: 

10 Benefits of a Successful Network Marketing Business

What if there was an alternative to working 40 hours a week for +40 years as most people do? Would you be interested? Read More

 

20 Reasons Why Network Marketing Is The Business of the 21st Century 

In order for you to be really successful in network marketing, it is important to understand why you should even bother. Read More 

 

 

What Are The 7 Most Exciting Benefits of Network Marketing?

Network Marketing is a business built around Residual Income, Helping Others and the Team Environment. Here are the 7 most exciting advantages that building a network marketing business offers you! Read More 

 

We, at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. So, do share them in the comment section below.

 

Contributor: Beauty Kumari 

An eloquent individual loves to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to adversely impact her writing and build a career out of her passion. 

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Prachi Chouksey (Editor), Super admin

An artist by heart and a writer by profession, Prachi is a vivacious reader.  She believes in hard work and her dedication has never let her down. She puts her heart and soul in everthing she does. Though life has not been a bed of roses for her, she affirms that the best way to live it is to maintain an equillibrium between the tunes of life.  


Post Your Comment
INITIAL FARM OFFERING

I really like this blog because it’s very informative and tech related…thanks for sharing and watching

2022-03-31 07:10:27

Initial Farm Offering

I really like this blog because it’s very informative and tech related…thanks for sharing and watching

2022-04-01 07:46:12


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