Skip to main content

Multi level marketing (MLM )

As we all are familiar with the  current  covid -19 pandemic , we have noticed how the digital business strategy and e-commerce sites are blooming more than other . there have been lots of changes in the way of starting a business to running it , changes in the way of doing marketing and dealing with customer.
Among them one one of  MLM is a network marketing strategy in which independent representative of any company sell the product and service of third party .

Inspite of doing marketing through newspaper, pamphlets or any tv advertisement , it uses the power of network of people around the globe or the power of its representative for marketing its product or services among their peers and then selling it from them.






so ,how MLMs work ?

knowing about its working phases , it came across the activities like:


  • The plan: it includes strategy  on how to fulfill company's goal and what is the roadmap for company's marketing and compensation plans.
  • Sponsor: it refers to the representative who  recruits another person into the business. For example, MLM member A recruits member B into the business. Member A is the sponsor and is responsible for training member B.
  • Recruit: This is a person involved into the business by a sponsor as a new member. Recruits are trained by their sponsor or other more experienced representatives.
  • Downline: These are the recruits who are  brought in below you. 
  • Upline: This consists of the sponsors or business members  who came in before you. For example, if rep A recruited rep B, who recruited rep C, who recruited you, your upline is C, B, and A. 
  • Compensation plan: it incudes commissions on sales made by you and your team,  bonuses and increase commission splits based on sales volume that you can make individually or with your team.




Comments

Post a Comment

Popular posts from this blog

About ADBL

 Agriculture development bank  limited was established in 1968 (2024 BS) under  the act 1967 .it is a commercial bank of Nepal generally engaged in the promotion of rural area and farmers helping the government of Nepal to accomplish the task of making NEPAL a "Prosperous Nepal , Happy Nepal " by providing best quality service  through its widespread network .it has 51% share of government and 49% share of general people and it has been listed in share market and SEBON with its worth of about 550 in an average and is providing good dividend to its share holders too. Most of its share holder are customers and employees.  Having Glorious history of about 54 years with about 1.2 million happily satisfied customers , bank has celebrated its 54th anniversary  making it as a leader in the agricultural sector of NEPAL with its customers , different services and products.it has done its investment in agriculture , industry , trade , commerce and households . just l...
Post a Comment
Read more

establishing goals.

 finding out your specific goals and objectives like knowing where you want to go and making key result about them   and knowing  or marking  your progress is a key term for this. like if we want to  see books online . this will be our objectives and that will give key result like selling of 100 books per day .this whole process will target our motive and helps in achieving it.there are many way of setting goals but what matters is to go with it productively.
Post a Comment
Read more

Fundamental Analysis in summary

  Fundamental analysis is a method of examining  economical and financial status of any company or organization so that it can be helpful in decision making whether to buy or not the share of the company. it will help you to remove all the dilemma that you are having when you have to buy share of any company. EPS = Earning per share meaning it is the monetary value of earning per share of common stock of a company .the better it is , the good it is so the company having good EPS is considered better for investment in share market. BOOK value = net worth share =(ASSET - LIABILITIES )/TOTAL SHARE OF COMPANY  book value can indicate whether a stock is under- or overpriced. When a company sells stock, the selling price minus the book value is the capital gain  or loss from the investment.you will get amount as equal to book value of a company whether or not the company get profit and loss. Price to book value (PBV)Ration = it must be below 3 to consider comp...
Post a Comment
Read more