17/09/2019
What is networking?
A networking business is also known as an Multi-Level Marketing or MLM . Basically, the business operates on a network, just as the name suggests. To make it easier, we will start with the company at the top. The company sells you its products either on a one-time basis or on a subscription basis, where you receive a package of products regularly, say, once a month or once every two months. You, in turn, should recruit others to purchasing the company’s products. If you recruit a person, they will buy the company’s products and you will receive a percentage of the price they pay for the products as a commission. Obviously, the more people you recruit under you the higher your commissions. But it doesn’t end there; the people you recruit can also recruit in their turn. Their recruits will earn them a commission. But, and here’s where an MLM starts to get lucrative, you also earn from your recruits’ recruits. For every purchase made by a recruit of your recruit, you are entitled to a certain percentage of the purchase price as commission. That way, your residual earnings can grow astronomically, depending on how far your ‘downline’ goes.
As you can see, there is a lot of promise in MLM. The trick is to grow your network. In this business, your net worth is literally determined by the size of your network.
