Multilevel Marketing (MLM) has always been a hot debatable topic and often clubbed with the controversial Pyramid scheme that is not only controversial but illegal too. Unlike the Pyramid scheme, the MLM model involves the sale of a product or service and has been instrumental in propelling many people’s lives from dire situations – the recent Covid-19 pandemic can be cited as proof wherein Multilevel Marketing companies enabled millions who lost their jobs to earn their livelihoods. Multilevel Marketing, also known as Network Marketing or Direct Selling, is a highly effective marketing strategy that companies incorporate to derive their revenues from a non-salaried workforce that earns via commission by selling its products or services. If done rightly, Multilevel Marketing can indeed change your life – positively. Let us discuss more ahead of.
The Multilevel Marketing MLM Plan
Multilevel Marketing involves a compensation plan that pays out to the stakeholders, call them Distributors or Sales Representatives of Independent Representatives, from two revenue streams. The first revenue is paid out from commissions on the sale directly to the Independent Representatives. The second revenue is paid out from commissions on sales by Distributors recruited by Sales Representatives – called their downline.
MLM Sales Representatives sell products directly to end-users using their contacts or referrals or other online marketing strategies. Sales representatives are further incentivized for recruiting more individuals like themselves, as Sales Representatives, who then come under them and known as their downline. This model helps to increase the company’s distribution chain and gives it the reach and visibility without spending anything big on advertisements!
Financial Independence – The Main Sales Pitch!
When Sales Representatives approach their prospects, their main sales pitch to prospects is not primarily about the company’s products or services. Still, it emphasizes more on the potential to attain financial independence by participating in the Multilevel Marketing model. Products or services are an added attraction – just like the icing on the cake. The Independent Representatives usually lure their prospects and customers by explaining how they can change their lifestyle or become financially independent.
Can Network Marketing Change Your Life?
There are times when you feel the pressure of long working hours. There are times when you feel the pressure of your boss. There are times when despite being employed, you feel a cash crunch. And there are times when you crave more free time for yourself and spend more time with your loved ones. So, it is quite natural for you to yearn for something that can change your life. But will anything change just like that without taking any initiative? Stepping into Network Marketing opportunities can be an initiative you can take. It can allow you to be stress-free, financially more stable. Let us find out how.
Network Marketing allows you to start your own business without involving exorbitant costs, unlike traditional businesses, and that is one of its perks. Along with being a part of the company that supports you, this business allows you to work as per your schedules and during convenient, flexible working hours from the comforts of your home, or for that matter, from anywhere!
Now, the best part of owning your own Network Marketing business is doing away with the tensions of your daily work-life and your dreaded boss, allowing you to be free of any constraints. Unlike your nine to five jobs where you do not get rewarded for the extra efforts you put in, Network Marketing allows you to earn big depending on your efforts.
Finally, the most satisfying part – you earn not only for the efforts you put in but also from that put in by the Sales Representatives recruited by you, yes, your downline. You earn a percentage of the commission from the sales made by your downline – this income is called the residual income. Further, by leveraging online strategies using social media and other forums, when someone purchases a product by clicking the online link created especially for you by the company, you get a percentage of the sale as your commission. All this is your residual income – an income where you do not have to put in any effort! Isn’t that great and exciting? It indeed is!
Step in Right Now and Change Your Life for Better
Having seen above how Network Marketing opportunities let you start your own business and allows you to take control of your future, it is an opportune moment for you to step in. You can step in full-time to earn your livelihood or earn your second income as a part-timer. Whether part-time or full-time, you can always earn that residual income depending on the efforts you put in to grow your network. Pay your bills easily, go for a vacation, or invest back into yourself. It is time to plan your future now – create a firm foundation for yourself to build your life. After all, nothing is more important than empowering yourself. Start your Network Marketing business and change your life forever, for the better.
