Network Marketing It is also called Multi-Level Marketing. Network marketing is the fastest growing business worldwide. Network marketing is a tactic to deliver any service or product directly from the company to the consumer, in which the consumer connects directly with the company and purchases the product. Due to this the company gets some benefits to the consumer, which can include discounts on products, cashback, better products, etc. There are generally 2 ways to sell any product or service: –
- Network Marketing (Direct Selling)
(1) In Traditional Marketing, the company seeks the help of a large number of individuals, including distributors, wholesalers, agents, retailers, etc., to take the product to the customer. And in this type of marketing, the company also invests a large part of its turnover in advertising, then the customer buys those products from the market.
(2) In Network Marketing, the company delivers its products and services directly to the customer. And in this marketing, customers are the distributors who promote products and services. In which the company disburses a large part of its benefits (about 50% – 60%) to the customer and the customer gets an opportunity to earn an additional income.
History of Network Marketing:
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Network marketing started in 1930 by Carl Rehnborg, a great American chemist. For the first time, he explained the health benefits of using dietary supplements in food and started the first network marketing company called the California Vitamin Company based on Supplement. Where network marketing started. And the name of that California vitamin company was changed in 1939 to Nutralite. Today network marketing has become the fastest-growing business in the world.
Network Marketing in India: Network Marketing in India started in 1995. And today Network Marketing is a very fast growing industry in India. The Government of India adopted the rapidly growing industry and issued guidelines on 12 September 2016. Due to which the network marketing in India has increased more rapidly, it is expected to grow more rapidly. According to the report of FICCI and KPMG, a government organization of India, Direct Selling will become a 625 billion (62500 cr.) Industry in India in 2025.
Benefits of Network Marketing:
Time is the most important and precious thing in the world. In network marketing, People are taught to plan the whole day, here they learn to use the time properly. Those who used to give time to useless things (like TV, mobile phone, gossip), learn to use that time properly. Here we have to change our habits, which brings positive changes in our life because a great scientist APJ Abdul Kalam says that we cannot change our future but we can change our habits, and that changed habits will change our future. That is, our habits make our future.
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Positive Thinking: Network marketing changes our perspective on life. We start looking at anything from a different perspective, it is all because of good company.
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Extra Income: Probably everyone in the world likes an Extra Income, and Network Marketing is the best way to Earn Extra Income. Here the person can make the desired income.
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Personality Development: In network marketing, one gets to learn everything that is not taught outside or in a college. It is here that we form teams that bring leadership skills to us. We learn to multiply time here. Public speaking is taught in an effective manner here, you cannot learn public speaking even by paying millions of rupees.
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Communication Skill: In network marketing, you learn to put your idea in front of people in an effective manner, and to influence it through your conversation. Which is useful for a person all his life.
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People Skill: In network marketing, there is also a skill to learn, which helps a person throughout his life because network marketing is the business of people. Here you work with people, the biggest benefit is that you become a practical person, people want to meet you, talk to you, and you become their dear friend.
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Passive income: There are generally two types of income – active income and passive income. In active income, as long as a person works, money comes, when he does not work then money does not come. But in passive income, the person works or not. And once a team is formed in network marketing, Passive income starts coming, whether you work or not, your team works for you. Actually the team works for themselves, but indirectly works for you as well.
Benefits of Network Marketing, passive income
Help to Others: When a new person comes into this business, the entire team helps him to move forward. While in the outside world people are engaged in pulling each other’s legs. In network marketing, people work for each other’s success.
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Financial Freedom: Through this business, one can achieve financial freedom by working hard and diligently in 4 to 5 years, here you can make any money you want. It depends on you, how much you want to earn.
Time Freedom: Network marketing is a business that gives us the freedom of time, in this business, you go to visit somewhere, or do not work for some time, yet you keep earning.
Honor (Fame): In network marketing, respect is given as much as even the big leaders and actors do not get it. You are welcomed wherever you go if you succeed. Lots of people line up, click a photo with you, take an autograph. People here are inspired by you, and want to be like you.
Friendship with Good People: Since network marketing is the business of people, here you meet new people every day. And you have friends with people whom you did not know who have a successful mindset, they want to move forward in life. Here you get a culture where everyone thinks of moving forward. People Inspire others to achieve their Goals.
Presentation skill: In network marketing, people learn to present things well. Which includes board presentation, laptop presentation, paper presentation etc. Here you learn how to present things in the manner of a professional. How to give a presentation.
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Benefits in Network Marketing:
Risk Free Business: There is no risk in this business, because it does not start in millions. Rather it starts with very little money, so there is no fear of loss in this business.
No Time Boundetion (No Time Limit): Any trade has a time limit that can last for so long. But network marketing business can be done at any time, even if it is two in the night.
Unlimited Area for Business : This business can be done anywhere in the open market, if you have gone to roam somewhere, you can do this business there too. But it is not in any other business that you can go anywhere with your shop. In network marketing, you are a shop on the go. Where you are is your business.
Freedom of Age: In this business, whatever your age, you can start this business. Whether you are 25 years old or 75 years old.
We hope you know what network marketing is? (What is network marketing?) and must have understood the benefits of network marketing. How should you like this information about network marketing, please comment below. And easily share with your friends on Whatsapp, Facebook with the buttons below.