What is MLM
Asking what is MLM is a great questions that deserves a very fair answer. If you are considering getting involved in MLM then I have to say you really need to ask yourself a couple of questions before getting involved. I will try and be as much open as I can and for your information I am also invovled in MLM so I will give you a very fair and opened answer.
So What Is MLM?
MLM is an acronym for multi level marketing. Here’s the definition of Multi level marketing;
Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant’s “downline”, and can provide multiple levels of compensation.
A lot of people get confused between the word multi level marketing (mlm) and pyramid scheme. In multi level marketing the members make income by promoting the company’s products and/or services and the members involved have the ability to build teams of people who use and/or sell the companies products or services in which they earn a percentage. Members of a multi level marketing company are mostly self employed and require only a minimum to earn the right to promote the companies products or services. So if you are still wondering what is mlm just understand that it is simply word of mouth advertising in which you get rewarded for sales generated via your recommendation.
Why and How Do Some Companies Use MLM
Its very simple. Some companies start out on a very small budget so instead of spending millions of dollars on marketing the use word of mouth advertising and reward it members in doing so. They simply do this by giving individuals the right to promote their products or services using word of mouth therefore spend their advertising cost and some of its profits to their members.
Is MLM Legitimate or Legal?
Yes! absolutely. They are completely different from a pyramid scheme which most people get confused by. Pyramid schemes first of all do not have any product or service and members are promised to financial just by signing up as business reps. Read this article to help you understand the difference between a pyramid scheme and MLM.
What is the best MLM company to join.
First of all you would be surprised that there are a couple of thousand companies operating a multi level marketing system but the DSA keeps track of the direct selling industry so it will be worth looking at. I am personally involved with worldventures and there are a couple of reasons why I chose to work with this company.
1. It is the only company operating MLM in the travel industry in the top 100 of the DSN List
2. The company is 9 years old and its #65 on the top 100 of the DSA top 100 list and still growing steadily
4. Travel is one of the largest industries in the world right now
5. Competition is less in this industry when it comes to MLM
6. Training is one of their core competencies
7. The company owners have a great vision and a great why for starting the company
Those are the reasons I personally chose worldventures. You can contact me to learn more about worldventures.