Network marketing is a business in which we do not invest money but invest time. A business that has made maximum millionaires in the world. Network marketing is not an overnight business, you have to work hard to be successful in it. Right now the network marketing business is spreading very fast.
What Is Network Marketing:
Network marketing is the method of taking any service or product directly from the company to the consumer, in which the consumer connects directly with the company and buys the product. Due to this, the consumer gets some benefits from the company, which can be a discount on the product, cashback, better product, etc. This is also called Multi-Level Marketing.
History Of Network Marketing:
Network marketing was started in 1930 by the great American chemist Carl Reinberg. For the first time, he explained the health benefits of using dietary supplements in food and started the first network marketing company based on dietary supplements, the California Vitamin Company. Where the network marketing started and the name of that California vitamin company was changed to Nutralite in 1939. It become the fastest growing business in the world.
Types Of Network Marketing:
There are mainly three types of network marketing:
- Single-Tier Marketing: This is the oldest, it is also called Affiliate Marketing, in this, you have to join any affiliate company, then you get commission on every single sale. This system is also called Direct Sell Network, that is, you just have to create a customer, and the number of customers you make, you will get fixed money according to that customer. Single tier network is now used by very few companies because it has less revenue and less network area. Single network marketing is now limited to the Internet only, that is, if you want to know about earning money from the Internet, then you can google or blog about it.
- Two-Tier Marketing: This is also a very old type of network marketing, in which the earnings are limited to two levels, that is, if you get someone to join the company, then you will get his commission, but if that person also gets someone to join, then You will also get some commission for that, it is still included in the strategy of many companies. But since multi-level marketing has come, since then people have stopped taking interest in it.
- Multi-Level Marketing: This is the third and most popular type of network marketing, in this, money is received up to many levels, some company distributes money up to five levels, then some company distributes money up to seven and ten levels. That’s why it is more popular, multi-level is called its life in network marketing. The promotion of multi-level marketing has increased in many countries of the world, and people are taking more interest in it.
The Beginning Of Network Marketing:
In network marketing, business does not have to be done alone, but with the cooperation of team members, there is an opportunity to keep growing. This business is the complete opposite of the tension in the traditional business. This is a good relationship business, which helps you to build a good, big business on the basis of mutual cooperation. It also does not require much capital. By investing some capital, working hard, you can establish your dominance in any online network marketing.
Skills For Network Marketing:
There is no requirement for any degree or qualification in network marketing. You can be from any field like medical, engineering, design or you can be without any field.
Benefits Of Network Marketing:
This is a business that can also be done part-time. This is a business opportunity where people can earn more than their full-time job. Network marketing gives students, housewives, retired people, and people in need a chance in life to earn. This business can be started with very little investment and sometimes even zero investment. No infrastructure is required in this business. No academic qualification is required.
Network Marketing Companies In India:
*Amway – Home, Beauty & Healthcare Products
*Herbalife – Beauty and Nutritional Supplements
*Forever Living – Body and Healthcare Products
*DXN – Traditional Products and Herbal Drinks
*Avon – Cosmetic and beauty products