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Thursday, May 04, 2006
Home Based MLM Business
Multi-Level Marketing (MLM) is the term that was used several years ago for what today is commonly called Network Marketing. Multi-Level Marketing (MLM) operates through the sales of a product in which a consumer is interested, but the sales are on a person-to-person basis; the product is not sold through a store or other form of dealership. An independent sales representative (they may have many different titles) will contact individuals and speak to them personally to see if they would be interested in their product or services. The way that Multi-Level Marketing representatives make commissions is through selling the product directly as well as through a residual that comes from the persons that they have recruited into the Multi-Level Marketing business and the products that they sell.
The difference between Multi-Level Marketing (MLM) and direct sales is that direct sales representatives make money through the re-selling of the products that are available through the company. Multi-Level Marketing (MLM) representatives also make money through their sales but also through those they have enrolled into the program. That is, as the enrollees also sell products, the MLM representatave will make a small, extra profit as well. The residual continues to go up the chain of those who are involved in the Multi-Level Marketing plan, although some plans limit how far up residual income can actually go.
Multi-Level Marketing (MLM) differs from Affiliate Marketing in that those involved in Affiliate Marketing focus on one transaction at a time, making more money with each transaction they process. The reason for this is that the product that an Affiliate Marketing company offers is usually something that the client only needs one time such as electronic equipment or household appliances. The Multi-Level Marketing (MLM) offers a variety of products that can be sold repeatedly to the consumer.
The Multi-Level Marketing (MLM) representative makes their money through the customer coming back to purchase more of their products--this is called residual income. This type of income is earned every month from the sales that are taking place in your Multi-Level Marketing (MLM) business. Now what makes this interesting is that you will receive a check for all the sales that take place whether or not you are doing the selling. You could be on a vacation and still receive a check for the residual of sales that takes place among those you have brought into the business. This is a huge draw to those looking for home-based business opportunities.
Multi-Level Marketing (MLM) offers the average person an opportunity to make a substantial amount of money that will change their future while at the same time allowing them the freedom to enjoy a life that they have only dreamt about before. Remember to look at all home-based business opportunities carefully so that you will choose the one that is right for you and your personality as well as financial success.
There is one established company which has been training people for success in MLM since 1994. In addition, they provide access to Premium Leads so you can get the word out about your business and products to those who are really interested. Click HERE to visit their site.
To find information about an excellent online home business opportunity, visit HomeNetMonies.com today.
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