Ebook Sample Content Preview:
Even in the times of global economic insecurity, people are quite hopeful that matters will tide over soon. New business plans are being implemented in their dozens even as we speak. But it is definite that the recession will end soon because there are some strong business plans that have already swung into full hyper-drive. One such is the MLM plan. Though this has always existed, since the 1980s at least, it is now that more and more people are realizing that MLM is what can take economies to their next trillion and solve various problems that are plaguing societies.
It is not wrong to say that multilevel marketing plans are bound to be successful if they are planned out nicely at the outset. The first reason is that people are becoming more accepting of these products since they are referred to them on a first hand basis and by people who have actually used the product. Products such as those of the health and wellness industry, cosmetics, consumer durables, electronic goods and various lifestyle products, etc. are finding great favor in multilevel marketing. People are enjoying the fact that they can use these products and then recommend them to others and gain commissions out of it.
However, this is the benefit on a personal level. While speaking of a single person in the MLM network, it is difficult to understand how these recommendations and commission plans can bring in trillions. But, the fact is that it is highly possible to bring businesses closer to their trillions through network marketing.
It is the principle behind multilevel marketing that can make this happen. Even if you go by the simplest form of multilevel compensation plans, i.e. the binary plan, you can understand this. In a binary compensation plan, each person in the MLM network brings in only 2 more members. Then those 2 will bring 2 more each and so on. If this goes on for 10 levels, there will easily be 1024 members in the network plus the MLM leader, which makes it 1025. This is a very simple target to achieve, but the commissions that come in through this are really great. Each member will get the commissions of the sales made by the downline members while the MLM leader stands to gain the highest value in commissions. The earnings will depend on what the company is paying out as commissions, but it can be very well seen how huge these earnings can be!
This was the most ideal situation though. MLM businesses generally do not restrict how many members one can bring into the network. If each member brings in up to 10 members, there could be 10 million members at the seventh level! Yes, theoretically it is possible. Practically, people strive to achieve this. But the truth stands – MLM does have a potential to create trillion turnover businesses.
- File Size:730 KB
- License: Master Resell Rights
- Category:Ebooks
- Tags:2012 Ebooks Master Resale Rights