Compensation Structure in mutli-level marketing

Multi-level marketing is a controversial business. It is legal or not, no one can say. Even government authorities can’t advice you about legal structure of any mlm business. Most experts say out of 100, more than 99 person who joins mlm business lose money or doesn’t get make any profit. But still many persons are getting good amount of money from it. Experts say only top level management, owners and share holders make money in mlm business. Person’s lower in pyramid doesn’t make any profit or lose his money in mlm business. That doesn’t mean mlm is illegal and non profiting. Some companies have legal commission structure and some has illegal commission structure. So you should be careful while joining any mlm company or making commission structure while starting own mlm company. If you are starting own mlm Company then it’s good business for you. Checkout detail: How you can start Multi-level marketing company? There are some rules and regulation about joining persons under your ml

How to calculate maximum retail price of a product in multi-level marketing?

If you are thinking to start MLM marketing or direct marketing company, then fixing maximum retail price is one of the critical and essential step. In this article, we will discuss about how to fix mrp for your products. Read : How you can start Multi-level marketing company? Here we are taking an example of any product at which you provide five level compensations/commissions. Suppose actual manufacturing cost for a product (including tax, transportation, packaging etc.) is 250/-. Now calculate cost you have bear for providing compensation to 5 levels.  Suppose you are providing 5 Level compensations as follow: First Level: 20%  Second Level: 10%  Third Level: 5%  Fourth Level: 3%  Fifth Level: 1.5%  Compensation is provided at DP/PV basis. Now add your margin in product included office expenses, rent, office staff etc. A product MRP shouldn’t be as low as it can’t pay company’s bill or not as high as people have think before purchasing it. Suppose you have manufactured 10

How Much a person can earn in multi-level marketing?

Here we taking an example of any product whose Maximum retail price is 1100/-. Most of MLM/Direct selling companies provides products to its distributor at DP (distributor price)/Minimum monthly Purchase Value(PV) which may be certain percentage to MRP or any value fixed by company.  Here we are supposing company DP/PV is 1000/- for it. We will calculate amount of money a person can earn in MLM business but first you need to know about legal and illegal MLM businesses so you would be careful while joining mlm business or starting own multi-level marketing or direct selling company. Difference between legally and illegally working mlm business: Legally working businesses clarifies that you need to work hard at least 8-10 hours/week and 3 to 5 years to make handsome money in business whereas illegal businesses propose quick and easy money in short time.  Legally operated business has simple and clear compensation plan whereas illegal businesses have illegal pyramid structure  Lega

How to prepare application form for your multi-level marketing company?

An application form is required for every multi-level and direct selling marketing company for joining or recruits new persons/distributors. An application should have all essential details that is required to get maximum information about newly joined distributor/person. Particulars of application form may vary according to product type and business type but following particulars generally a application form should contains: Name  Passport Size Photo Space  Sex  Date of Birth  Marital Status  GST/PAN No.  Father’s Name  Mother’s Name  Postal Address with contact number and e-mail ID  Photo Identity Proof of Address i.e. Ration Card, Voter Card, Driving License, Passport, Adhar Card etc  Complete Bank Details  Referral’s Code and Name  Applicant’s Signature  Date etc.  Download sample Application form by clicking here: Download Multi-Level Marketing Application Form in PDF Format   Registration Fee: No come to registration fees for joining MLM Company. Most of com

List of Multi-Level/Network/Direct Selling Marketing Companies

Here we are describing list of well known multi-level marketing Companies/Brands: Amway: Amway is a multi-level marketing company based at America. It sells health, beauty and home care products through multi-level marketing. The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. Herbalife Nutrition: Herbalife Nutrition sells nutritional supplements , weight management products, sport nutrition, and personal care products through multi-level marketing. It is a global multi-level marketing corporation. The company was founded by Mark Hughes in 1980, and it employs an estimated 8,000 people worldwide Qnet: Former names of QNet ltd are QuestNet, GoldQuest, and QI Limited. It is a Hong Kong-based multi-level marketing company owned by the QI Group. Company deals in a wide range of products including energy, weight management, nutrition, personal care, home care, and fashion accessories on an e-commerce platform Forever Living Products: It

How to create effective Blog for your network business?

Blog is most cost effective and easiest way to promote your business. Most of small businesses overlook it either with lack of knowledge or lack of time. There may be many reasons for you to not writing/starting a blog for your website, we have many reasons to write it. That we will discuss in advantage of blog section in this article. First have a look about qualities a blog should have: Qualities of a Blog: It should be for customers/readers, not for you  It should either solve a problem of your customer or provide fresh insight about your industry  It should be updated at regular basis. Frequently once a week or month, new fresh content should be added.  It should contain valuable and unique contents.  Advantage of a Blog: It establishes you as an authority in your industry.  It helps to reach to new customers.  It increases visitors and traffic to website and hence helps in bettering website ranking in search engines.  It helps in generating new leads, hence increases s

How to build a Strong Networking/Distribution Channel in MLM?

In networking marketing business/multi-level marketing business, key success factor is to attract people to join you, buy your products, becomes your distributor, sell your product and further join more people as their distributor. It will build a pyramid type structure and establish a successful business. The question is how you can become successful in network marketing and build a establish MLM business quickly. Here are few tips that will be useful strategy for you to become successful as beginner in mlm business. Before starting building a team/network, we have supposed, you have completed all necessary step for set-up your business. Few initial steps are: Choose unique name for your start-up  Set up a multi-level marketing (MLM) company? Getting Products Idea for Multi-Level Marketing Company? Manufacturer for manufacturing of Health Supplement Manufacturers for Multi-Level Marketing Manufacturer for manufacturing of Herbal Products (Ayurvedic) Manufacturers for Multi-Le