Network Marketing | Advantages and Disadvantages of Network Marketing
What is Network Marketing? Network marketing , also known as multi-level marketing (MLM) or direct selling , is a business model that involves a company distributing its products or services through a network of independent distributors or representatives. These distributors earn income through both their direct sales of the company's products and by recruiting new distributors into their network. Here are some key characteristics of network marketing: Independent Distributors : Individuals who participate in network marketing are usually not employees of the company but independent contractors. They often work from home or part-time. Compensation Structure : Network marketing companies typically offer compensation plans that reward distributors in multiple ways. These can include commissions on personal sales, bonuses for recruiting new distributors, and bonuses or commissions based on the sales made by the distributors in their downline (those they have recruited). Downline