what is MLM? why i do?
- Anonymous8 years agoFavorite Answer
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- 8 years ago
MLM is Multi-Level-Marketing. There are, and have been, many different companies that use this approach to selling goods and services. Amway is one prime example of a Multi Level Marketing company; Avon is another. What you do as a member of the company, is to market their products. You also try to get other people to join under you, so that a small portion of their sales will go into your pocket... just as a portion of your sales go into the pockets of the people higher above you. Some people refer to all MLMs as "pyramid schemes," and the basic chain of command in all multi level marketing companies does resemble the shape of a pyramid, but not all of them qualify as pyramid schemes. The two companies I previously mentioned, Amway and Avon, are legitimate.
The downside of joining a multi level marketing company such as amway, is, as I mentioned, every sale you make has it's profits split, not just to you, but also to every person up the chain from you; most is yours, of course, but the rest does go to help the higher-ups with their income. On the other hand, once you have a large enough downstream of sales reps, you'll be in that same position, with the excellent income level.
It's hard work, no matter what - door to door sales, cold calling, at times, and getting groups of barely-interested people together and attempting to inspire them enough to write a big check and join the company. People in your downstream are always coming and going, and there are often rules that if you don't maintain a certain level of sales, your downstream people may be cut away and given to someone else. The industry definitely relies on the consumers willingness to buy, too. In this market, you may be able to sell some, but only if you can find a number of products to hook your customers with; something of great quality, yet low price.
Multi Level Marketing is something you may choose to try your hand at; for some, it becomes a great career. For others, MLM is something they look back on as a mistake. It's up to you, if you want to try it out.Source(s): Amway meetings and had a friend in Avon once.
- 8 years ago
MLM also known as Multilevel Marketing is a business model that combines two marketing strategies:
1) Selling products and services directly to consumers. Much like Dell sells their computers directly to consumers (and not through physical stores). Like cable tv and AOL do.
2) Finding entrepreneurs who sell the products and services directly to consumers. Like Amazon and McDonald's find entrepreneurs.Source(s): Direct Selling Association explains Multilevel Marketing: http://www.directselling411.com/glossary-and-faq/ My MLM business acumen
- Anonymous6 years ago
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