What is Multi-Level Marketing?
Multi-level marketing (MLM), also known as direct marketing or network marketing, is a method of selling products directly to consumers using independent sales representatives.
MLM companies use people instead of retail outlets to sell their products to customers. This puts the responsibility for selling into the hands of independent distributor networks.
Under the MLM model, distributors are not employees of the company. Instead, they’re individual business owners who recruit their own distributor networks to help them sell products. Multi-level marketing firms rely upon this extended network of independent distributors to generate revenue.
The advantages of an MLM business
Network marketing provides a lucrative opportunity to start your own business from anywhere in the world using a proven business model and with a minimal investment when compared to traditional start-ups.
The other advantage of an MLM business is that you can start operating almost immediately. You can literally start recruiting members from day one by following the company’s business framework.
Before embarking on any business venture make sure you do your own research. Like all industries you will find questionable MLM businesses and opportunistic network marketers that gives the industry a bad name.
The industry has been around for a long time and there are some substantial global business brands that are at the forefront of driving wealth creation for thousands of individual distributors.
The MLM industry in 2022
In 2022 top MLM businesses are all about making people healthier and improving their quality of life. This of course requires dedicated and well-rewarded distributors.
Amway from the USA was established in 1959 and recorded revenue of $8,9billion in 2021. They focus on Health, Beauty & Home Care Products. Their achievements include the Distinguished Philanthropy Award by the PM of Japan in 2021.
Natura Cosmeticos from Brazil was established in 1969 and recorded revenue of $7,2billion in 2021. They focus on Beauty Products, Household, Personal Care, Skin Care, Cosmetics, Perfume & Hair Care Products. Their achievements include being ranked one of the most sustainable companies of 2022.
Vorwerk from Germany was established in 1883 and recorded revenue of $4,6billion in 2021. They focus on Household Appliances, Fitted Kitchens & Cosmetics. Their achievements include the World-Famous UX Design Award 2022.
In fact, the top twenty global MLM businesses all delivered revenue in excess of $1,5 billion so don’t let anyone tell you that you cannot make money in this industry.
Introducing ThanksAi
ThanksAi is well positioned to become a leading MLM company and you have the chance to join this movement in its formulation stage. Thanks to its revolutionary compensation plan distributors are well rewarded. This is achieved through a high pay-out of between 60 – 70% of revenue paid to distributors. The company has also developed a unique binary pay-out system that will be explained in more detail during your introductory session.
