Thursday, February 5, 2009

Multi-Level Marketing Industry

Network MarketingNetwork marketing, a business model within the direct selling industry, is growing faster than any other industry in the world. An estimated 15.2 million people are involved in direct selling in the U.S. and more than 59 million worldwide. The vast majority are independent business people - they are micro-entrepreneurs whose purpose is to sell the product and/or services of the company they voluntarily choose to represent - not employees of the company. Approximately 90 percent of all direct sellers operate their businesses part-time. They enjoy flexible hours, high levels of personal satisfaction and near limitless income growth potential.

Direct selling is a rapidly growing industry.

U.S. sales totaled $32.18 billion in 2006, up from $26.7 billion just five years earlier, with more than 74 percent of the American public having purchased goods or services through direct selling. Worldwide sales are also strong with more than $109 billion in sales.

A direct selling company that offers a multilevel compensation plan pays its representatives/distributors based not only on one's own product sales, but on the product sales of one's "downline". (the people a representative / distributor has brought into the business, and, in turn, the people they have brought into the business).

AVON, a multi-level marketing company,
has sales in excess of $3.8 Billion and distribution in 58 countries.

Even Warren Buffet, one of the world’s richest men, owns a network marketing company.

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