() Past, Present & Future Of Network Marketing- MLM
Skip to main content

The Best Way of Political Marketing- to Win

The Best Way of Political Marketing- to Win. Digital Marketing has been playing an important role in politics for decades. With the advancement of technology, politicians have acquired the skill to influence their voters through digital  communications .  You may be surprised to hear the term "political marketing".  It is relatively new to other branches of mainstream marketing. But you are familiar with the term ''political propaganda''.  Although I'm not a politician, I understood the significance of marketing in the political arena a few years ago when I received a phone call.  That was a candidate's recorded voice asking me to cast a vote   in favour of him.  They've communicated to me, a lthough I was not a voter in that constituency.  Nowadays, it's a common practice of all political parties.  Remember, political marketing doesn't mean merely an election campaign- it is much more. Analysis of political activities from the marketing pe

Past, Present & Future Of Network Marketing- MLM

Past, Present & Future Of Network Marketing -MLM

 
Network Marketing or MLM industry will be forced to make structural changes in the coming days, to retain their market share. The future of network marketing companies and the carrier of MLM leaders will depend on how quickly they adapt to the upcoming socioeconomic changes.

This article is dedicated to the true lovers Of Network Marketing. The purpose is not limited to forecast the post coronavirus effect rather penetrate much deeper and get a clear idea of the history of multilevel marketing and the trends of MLM in the days to come. 

Grow MLM business with edumedia and earn passive money
Build a network marketing business to earn passive income.




1➽ Origin Of Network Marketing

Although there are no authentic documents found about the origin of multi-level marketing/ network marketing, it is believed that MLM existed in 1920 or before. Nutralite, FLP Were selling products through the MLM model.

In 1934 California Vitamin Company came up with the idea of Multi-Level Marketing. This company began as an immediate sales company signing up sales folks that would use the merchandise for his or her personal use and sell thereto to their family and friends.

Through the process, they might earn an additional income every month which was a considerable income at that point.

Their friends and relatives not only liked the merchandise but they began to realize that they might benefit financially themselves by buying the merchandise at the wholesale price and successively selling it to others.

In 1943, the California Vitamins company changed its name to Nutralite Corporation and implemented the basic concepts of the real Multi-Level Marketing model, and design the compensation plan accordingly.

In 1949, Jay Van Andle and Richard Marvin DeVoss joined Nutralite Corporation as members and the corporate grew and prospered faster in the next couple of years.

After 10 years of service, In 1959 Jay and Richard decided to travel in a different direction and begun their own Multi-Level company called Amway.

2➽How does Multi-level Marketing work?

Every MLM business enterprise dictates its personal unique Compensation Plan for the payout of any commission or bonus to their respective participant. In the compensation plans, two possible income streams are observed throughout all MLM businesses.

The first commission is paid for their own personal sales to retail customers. The 2nd is paid for the sales made by their down-line distributors. 

Apart from these two income streams, some companies offer leadership income to qualified distributors.

MLM salespeople generally promote merchandise to the end-users or retail customers through their own skill of relationship and phrase of mouth marketing to earn a direct commission or direct bonus.

 However, they are incentivized to recruit others to be part of the company's distribution chain as fellow salespeople so that these can come to be down line distributors.

No existence of middleman, ad agency distribution of products directly from the company to end-user 3-ways income- own efforts, team efforts

3➽ Business Model

Network marketing is a century-old marketing model that involves selling/distributing legitimate products at reasonable prices directly to consumers (end-users).

In this model, Instead of distributing products to retail shops and depending on the hired salespeople and advertisement agencies, companies invite people to register as independent marketer called distributors or consultants. many of whom start as customers. 

It is basically a B2C model where the agreement is entered into between the Direct selling entity(company) and a networker/direct seller. 

A network of people called distributors/consultants worked to grow their own business. 
MLM involves using three basic types of systematic strategies to make money: 
lead generation/prospecting, team-building/recruiting, and team management/training.

➽  Network Marketing vs. Affiliate Marketing-Similarities & Differences

Whether Network Marketing and Affiliate Marketing are the same or not is a common question among people who think of illegal pyramid schemes as network marketing/ affiliate marketing. 

Even though there are many genuine ways to make money online where people can't imagine cheating, some people think of Make Money Online as a fraudulent business.

Pyramid Scheme, Get Rich Quickly Ponzi scheme, Money Circulation, etc. are neither part of a network marketing nor affiliate marketing. We will call them illegal marketing for proper understanding. 

The key points of the Comparative Study Of Edumedia on network marketing and affiliate marketing are being highlighted here.

Although some sort of similarities exists, you will see a lot of differences between the two types of marketing.

Read More about Network Marketing & Affiliate Marketing here.

➽Lead Generation 

In-Network Marketing, lead generation strategies can be segregated into 2 categories,
Offline and Online.

Offline Strategies

  • Home party,
  • Meetings, and events,
  • Random phone calls,
  • Door to door survey
  • Messaging,
  • Distribution of flyers,
  • Leaflets
 These are some of the common offline strategies of MLM.

Online Strategies Includes

A.Website/Blog
  • Article writing,
  • Coaching &training
B. Live Presentation
  • Youtube 
  • Webinar
  • Zoom
  • Google meet
  • Facebook live

C. Campaigning on the Business Pages of Social media
  • Facebook-group
  • Facebook page
  • Craigslist
  • Google business
  • Tweeter
  • LinkedIn
  • Telegram channel
  • Meetup
  • Youtube channel
D. Personal wall of social media
  • Facebook,
  • Instagram,
  • Pinterest,
  • Mix it
  • Volunteer Business card on the corkboard.
  • Realtor magazine
  • Resume Minning
E. Advertisement on different sites and forums.

➽ Commonly Used Terms in Network Marketing

  • Distributor/Consultant- is the direct seller or person registered for the distribution of the product of the company and recruit people in his network.
  • Compensation Plan- the marketing plan in which the allocation of payout is explained.
  • OPP- open presentation to the public.
  • BOM- business opportunity meeting.
  • BBS-business building seminar.
  • Up lines-the line of sponsorship.
  • Down lines-recruited people under the network.
  • Organization-Team.
  • Bonus-commission/income.

➽Advantages Of Network Marketing

  • Be your own boss
  • Low or no start-up cost
  • High-Quality Training
  • Personal development
  • Global business opportunity
  • No inventory
  • No Qualification is required
  • A source of passive Income

➽ Disadvantages Of Network Marketing

People Can Enter here without having a basic understanding of the business model
Get rich quickly, money circulation companies can easily copy the business model

➽ Apart from Business

  • Most legitimate companies provide Awareness programs on different aspects of life like health, education, etc.
  • Contribute to society through employment generation.
  • Helps to grow the economy through payment of tax [Govt. revenue generation].
  • Charity and donation.

➽ IDSA-The Direct Selling Association of India

The Indian Direct Selling Association IDSA is an autonomous, self-regulatory body for the direct selling industry in India. 

The Association acts as an interface between the industry and policy-making bodies of the Government facilitating the cause of the Direct Selling Industry in India.

IDSA strives to create and further an environment conducive to the growth of the direct selling industry in India, partnering industry and government alike through advisory and consultative activities.

IDSA catalyzes change by working closely with the government on policy issues, enhancing efficiency, and ushering in desired credibility, clarity & confidence in Direct Selling.

Membership Criterion

Any Direct Selling company having operations in India for more than one year in trading, manufacturing & distributing FMCG products.

If a company is into the trading of products and does not manufacture/produce the products itself, then the company should either own the trade name/mark or have exclusive rights to sell and/or distribute those products.

If the company manufactures or produces the services by itself, then the product or service being offered is completely owned or controlled by the company (including manufacturing).

The methods of operation are fair and comply with the Model Code of Ethics and all relevant Indian legislation.

The company and its Promoters should be of sound financial standing.

The company must sign to abide by the Model Code of Ethics.

The company submits all fees as required by the Association.

The company must submit all required documents for scrutiny along with the completed application form.

➽ Direct Selling Guideline 2016 India

As per Direct selling guidelines 2016, the definition of 'direct selling' is as follows:

"Direct selling" means marketing, distribution, and sale of goods or provision of services through a network of sellers, other than through a permanent retail location/s. 
Direct selling is also referred to as Network marketing, multilevel marketing.

           Read the Guideline: Website of  IDSA

Why does Multi-Level Marketing Fail?


In fact, Multilevel Marketing or Network Marketing company never fails or shuts down. The ones that are closed are illegally grown to collect money from people in various ways. 

These are born with the intention of closing after collecting some money. They don't care about basic marketing principles, rules, and regulations.

Why do networkers fail? maybe a valid question. The reason maybe one or more of the following.
  • Your company was not a genuine network marketing company
  • lack of entrepreneurship mentality
  • You didn't come here for the long term perspective so you left
  • Fewer involvements in education and  training program 
  • the expectations did not match with reality.
  • You approached many people to buy but no one did
  • You approached all of your close friends to join
  • Perhaps you built a team but most of them quit 
  • You set foot in so many boats that all sank

Conclusion.

✅MLM is not for bringing fortune overnight. If you want to build a strong carrier think long-term, at least for 2-5 years. Find a solid company and join. 

✅In the First year besides building a permanent group of customers, focus on building a big team and plug them into the training system of the company or the system of your leader. 

✅In the second year, allocate maximum time for team management which involves communication and interaction, monitoring individual as well as group performance, skill development. 

✅You can earn from day one by selling products only but until u build a network of people (team), you will not be able to earn indirect income, leadership income, and another kind of leverage income. 

✅Do join a Good Network marketing Company because it is a life-changing opportunity,  generate passive income, be an entrepreneur and generate employment  for the society

 RELATED POSTS






RELATED VIDEOS



 









Comments

Popular posts from this blog

Amitabh Bachchan, Actor, Singer, Producer-Source of Inspiration.

Amitabh Bachchan, Actor, Singer, Producer-Source of Inspiration. Amitabh Bachchan( अमिताभ बच्चन)  aka the Shahenshah of Bollywood, is a famous Indian film actor, producer, television presenter, and playback singer .  He is one of the best and most influential actors in Indian as well as world cinema. Apart from his filmy dialogues, his real-life quotes are a great source of inspiration. For his dominance in the Indian film industry in the 1960s and 1970s, F. Truffaut, a French film director, labeled it the "solo film industry" which means the one-man film industry. Attention: Read the updated information on his charity, donation, and social activities at the bottom of the article.  Sahensah  of Bollywood  Amitabh Bachchan- actor, singer, produce r.  Image Source-Wikimedia Commons. ------------------------------------------- About Content 1. Genealogical identity (Family introduction) 2. Bio-Data 3. Amitabh Bachchan as an Actor 3.1. Superhit Films 3.2 Prestigious Awards 4. Am

How to Discover the Hidden Secrets Behind the Success

  How to Discover the Hidden Secrets Behind the Success. In this quest to unravel the secrets of success , edumedia will exhibit you some clues that once you know, you will realize the need to redesign your life.  So, if you've been struggling to achieve your goal, whether it be making money or else, this article will help get rid of the struggle. My situation was a little better than that of a beggar when I set my financial goals and travel to different parts of this beautiful world in 2004. After three years of hard work, when my dreams were coming true one by one and I was driving around in my personal luxury car, some of my acquaintances said that it was because of my good luck. Here is the key to my success. The key to Success of A. R. Mollah-tiens Gold Lion Yes, I've designed my destiny that day and still protecting that. I have traveled to dozens of countries of the world- France, Russia, China, Indonesia, Malaysia, Singapore, Spain... I have achieved my financial goal t

Best Lessons About Affiliate Marketing You Need To Learn

Best Lessons About Affiliate Marketing You Need To Learn. Affiliate marketing is a modified version of multilevel marketing and where usually 3  parties are involved- the creator of the product, the affiliate marketer, and the customer. When you promote products of other companies, through affiliate links provided by them, it is called affiliate marketing. As an affiliate marketer, you contribute to increasing the sales of the company. The company will pay you money for the sales generated by your efforts.   Affiliate marketing is a popular strategy to generate sales and earn significant income online. The advantage of affiliate marketing over traditional marketing is that you can make money at any time, anywhere, even when you're asleep. Best lessons about affiliate marketing to grow fast Affiliate marketing is a process by which an authorized person or organization does online referral-based marketing of products offered by vendors. They earn a commission for each sale.  This art