What is Multi Level Marketing: How to Find a Job in 2020
Multi level marketing, also referred to as network marketing, is something that has been in the public eye recently, and not always for the right reasons, as revealed in discussions on the same over at the highly rated RunRex.com. There are those, probably due to getting burned with experiences relating to multi level marketing, who consider it to be a scam, even comparing it to a pyramid scheme, and there are those who have found success here and say that it is actually misunderstood. While everyone is entitled to their opinion, it is important that you know exactly what multi level marketing is and what it is all about before making a conclusive decision one way or the other. The subject matter experts over at RunRex.com recognize this and with their help, this article will look to take a closer look at multi level marketing and what it entails, and we hope this article will be of great help to you.
Let us start by getting into the definitions, and here, as per the gurus over at RunRex.com, multi level marketing is a sales strategy employed by some direct sales companies to incentivize their existing distributors to recruit new distributors by offering them a percentage of the sales made by the distributors they recruited. It doesn’t stop there as the recruited distributors can also recruit other distributors and also enjoy the same incentives, and so forth and so on. This strategy is aimed at increasing the number of distributors, since distributors are encouraged to recruit more distributors, and therefore increasing sales as far as the product or service in question is concerned. As per the gurus over at RunRex.com, the distributors will still be making money from the direct sales of products or services to customers on top of the commission they get from the sales of their recruits. Terms to be familiar with as far as multi level marketing is concerned are “downline” and “upline”. “Downline” is the term used to refer to the recruits and therefore a distributor’s recruits will be referred to as their downline and they are trained on the ins and outs of the business by the “upline”, who is the distributor that recruited them. Another term to be familiar with as far as multi level marketing is concerned is override, which is the process of getting a cut; therefore, every upline gets an override from their downline’s sale at every level going down the hierarchy.
Having captured the skeleton as far as the operations of multi level marketing is concerned, it is time to take a look at some of its key features. One key feature of multi level marketing is that it is hierarchical at its core. This is because distributors are encouraged to recruit other distributors so that they can not only earn from their own direct sales, but also from commissions from the sales of their recruits. This creates a structure that is highly hierarchical with “downlines” and “uplines” as mentioned above. Another feature of multi level marketing is that there are no fixed salaries for participants. Earning here is strictly based on commissions, either through direct sales or from the sales by one’s recruits. As per the gurus over at RunRex.com, those engaged here are therefore known as participants and not employees. Another feature of multi level marketing is that everyone is only accountable for themselves, since the more sales you make, the more you earn. Since multi level marketing is highly dependent on direct sales as mentioned earlier on, then another of its features is that it relies less on advertising and more on personalized contact which has more convincing power when it comes to making direct sales and finding recruits.
As mentioned earlier on, multi level marketing is a bit controversial given what some people say that there are parallels with it and pyramid schemes, which, as we all know, have conned lots of people off their money out there. The truth is, multi level marketing is legitimate as opposed to the illegitimate and illegal pyramid schemes. Pyramid schemes for one, take money from new recruits so that they can pay people at the top as opposed to those that perform the actual work. They therefore take advantage of people by masquerading as legal multi level businesses even though they are not. On the other hand, when it comes to multi level marketing, everyone will make money based on product sale and on top of that is when they will get a commission from sales from their recruits, as explained in detail over at RunRex.com. This means that, the harder you work, the more you earn, as opposed to a pyramid scheme. Also, there is a great focus on recruitment in a pyramid scheme as opposed to product sales, which is the opposite when it comes to multi level marketing. Another big difference between the two is that pyramid schemes don’t have any legitimate product or service that they sale, hence why the focus is usually on recruitment. In multi level marketing, there is a product or service being sold, and distributors will be making money mostly through the direct sales of these products and services.
Hopefully, this article will help you learn more about multi level marketing, with more on this topic to be found over at RunRex.com, where you will also find valuable information on how to find a job in 2020, either in this field or others you may be eyeing.