Wednesday, October 1, 2008

MultiLevel Marketing Explained

What is multilevel marketing?

MLM companies set up the end user as the distributor of the products and give them the ability to both sell the product/service of the company and recruit and train new distributors to do the same thing. The reward for doing so is a commission from the sales generated by the distributor and the sales of the recruited distributors in his/her sales organization, or downline.

This system is very attractive because it offers wealth and independence for a relatively small up-front cost. And this allows more people to be able to participate and get their entrepreneurial juices flowing.

You will want to be sure to choose the right company. Companies that are debt free and that have been successful in using the MLM structure as their business model for a considerable period are good candidates to consider. Being part of a reputable company ensures your profits and potential losses are kept at minimal risk. Also watch for a company that has strong management and a solid branded product.

Distinguished economist and bestselling author Paul Zane Pilzer predicts 10 million new millionaires will be created in the United States between 2006 and 2016. This is more than double the previous ten years. How would you like to be a part of that? This is the business structure and model that is most likely to produce the majority of those millionaires in the upcoming years. We are entering a new era of network marketing and there is a lot of great predictions for the future.

MLM businesses operate in the United States in all 50 states and in more than 100 other countries, and new businesses may use terms like "affiliate marketing" or "home-based business franchising". However, many pyramid schemes try to present themselves as legitimate MLM businesses. You will need to choose wisely. Especially today with the ease of advertising and the facelessness of marketing on the internet, one needs to be able to evaluate companies well and do some due diligence before you commit.

We currently have a team of entrepreneurs who are pushing themselves to take their business to new heights and to earn considerable profits in the next 180 days. Take a look at what we are doing here, I am sure you will be able to use some of the information to hone your own marketing and business skills. Come visit us at www.180daystogreatness.com

Suzanne has a successful home based business and enjoys helping others become successful to live the life of their dreams.

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