Episode Details

There are numerous types of business models and one such popular business model is the network marketing and MLM. So, what is network marketing and MLM? Let's discuss. 

Network marketing is a category comes under the direct selling business model refers to a chain of distributors selling products and services on a commission-based payment system. The commission structure of network marketing is considered less rigid and may or may not be multi-tiered. The key focus of network marketing is building a successful relationship with the distributors and the customers. Talking about the compensation plans, they may or may not have different compensation and incentive plans for distributors. 

Multi-level marketing or MLM is also known as referral marketing where products are sold through independent distributors. Along with getting a commission for the sales they make they can also get a commission for recruiting other individuals to the business. They offer many compensation plans depending on the company the distributors work with. 

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