Wednesday, September 15, 2010

What is Network Marketing?

Wikipidea describes Network Marketing as a marketing structure used by some companies as part of their overall marketing strategies. The structure is designed to create a marketing and sales force by compensating promoters of company products not only for the sales they personally generate, but also for the sales of other promoters they introduce to the company, creating a downline of distributors and a hierarchy of multiple levels of compensation.
The products and company are usually marketed directly to consumers and potential business partners by means of relationship referrals and word of mouth marketing. Other names for Network Marketing are MLM, Direct Selling and Referral marketing.

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