Longrich is Multi-level marketing (MLM) business in which the sales force is compensation not only for sales they generate, but also for the sales of the other sales person they recruit. This recruited sales force is referred to as the participant’s “downline” and can provide multiple levels of compensation. Other terms used for MLM include network marketing, and referral marketing.
Many pyramid schemes attempt to present themselves as legitimate MLM businesses. According to the U.S Federal Trade commission (FTC), some MLM companies constitute illegal pyramid scheme which exploit members of the organization.
MLM is one type of direct selling. Most commonly, the salespeople are expected to sell products directly to consumers by means of relationship referrals and word of mouth marketing. MLM salespeople not only sell the company’s products but also encourage others to join the company as a distributor.
Multi-level marketing is amazing. It’s the only form of business that offers a level playing field. In other words, anyone can become successful in this industry. And the best is that others have already blazed the trail of success, so you just have to look at what they’ve done and follow suit. There are things you’ll hear over again as the principles to success in MLM. Here are the top five:
Be coachable.
Develop your dreams, goals and objectives.
Work
Be consistently persistent.
Make a million friends.
