On June 3,I received the following email:
Network marketing — also called multilevel marketing MLMperson-to-person marketing, and one-on-one marketing — is a form of direct selling. You may already know about direct selling.
Avon, Tupperware, Mary Kay, Fuller Brush… these are just some of the direct selling companies that have been household names for decades. Direct selling companies market goods and services through networks of thousands of independent distributors.
These distributors either buy products from their companies and then resell them to consumers, or they sell products on behalf of their companies for a commission on retail sales. Network marketing gives direct selling a new spin.
In both types of companies, distributors make money by selling products directly to consumers. But in network marketing companies, distributors can also make money by building their own sales organizations and receiving commissions or bonuses on the sales generated by the distributors in the organizations.
Most direct selling companies today are structured this way. Much of the power of network marketing springs from the fact that most people tend to seek advice about products, services, and even business opportunities from their friends and relatives.
Moreover, they generally trust that advice. In fact, a poll by the Roper Organization revealed that the advice of friends and relatives carries even more weight than the advice that comes from strangers with impressive credentials.
The poll showed that for every person who seeks financial counsel from a financial planner or stockbroker, three go to friends and relatives for advice. Network marketing allows people to put that trust to work in a positive way that can improve the lives of those who give the advice, as well as those who take it.
Hard Facts and Demographics About a Growing Industry from These facts are constantly changing but are reflective of the immensity of the direct selling industry Every week, more than 55, people in the United States alone sign up as network marketers —per week worldwide.
In excess of 13 million people in the United States alone are distributors for network marketing companies; one in ten households have a direct seller. Throughout the world, there are approximately 50 million network marketing distributors. The world leader in network marketing is the U.
Business is booming in the new frontiers as well: Seventy-five percent of all network marketing distributors are women. Men account for 25 percent.
These numbers likely reflect the demographics of long-dominant companies like Avon and Mary Kay. Recent growth in the industry has been among newer companies that have a more even balance between male and female distributors.
Approximately 80 percent of networkers are part-time and 20 percent full-time people who work 30 hours a week or more in their business.
About 13 percent of direct marketers are African-American; almost 5 percent are Latinos; 1 percent are Asian; and about 0. Approximately 66 percent of distributors are between ages 25 and Another 14 percent fall into the 45 to 54 age bracket. Seniors over the age of 65 account for about 5 percent of direct sellers.Network TwentyOne North America is available exclusively for Amway IBOs associated with Network TwentyOne International.
Additional Questions or Comments? As Network Marketing industry is growing worldwide, so is the number of Millionaires & Billionaires this industry is Producing & this industry continues to be the number 1 industry in terms of Producing MAXIMUM number of Millionaires & Billionaires, as compared with any other industry in the world.
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Multi-level marketing (MLM), also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a .
Network 21 Business and Leadership Skills Participating in any of Network TwentyOne education programmes is optional. Many ABOs have found these training programmes beneficial in building their large and successful Amway businesses, but there is no guarantee that participating will of itself bring success to you in your business.