What is Network Marketing?
As per Investopedia “Network marketing is a business model that depends on person-to-person sales by independent representatives, often working from home. A network marketing business may require you to build a network of business partners or salespeople to assist with lead generation and closing sales”.
How Network Marketing Works?
Network marketing is called with different names like Multi-level marketing, Direct selling, Affiliate marketing, or referral marketing.
It is a network of people who sell or promote a particular product in simple language.
The people who recruit new people in their team called “upline” and got recruited called “downline”.
How Do People Get Money in Network Marketing?
People get a commission on their particular sale of products. In a nutshell, the income depends on your turnover of team & self. Also in most cases, the creator of the network gets more commission.
Payout of distributor depends on the number of people recruited and turnover gets from the product sale.
Future of direct selling in India:
“Direct selling sector is poised to employ more than 18 million by 2025 and as per industry estimates, the Direct Selling industry in India, which currently ranks No. 15, globally, is expected to grow at a Compounded Annual Growth Rate (CAGR) of about 4.8 percent to reach Rs 15,930 crore by 2021.
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As per the “Gautam Bali” Managing director of Vestige Marketing Pvt Ltd. Direct Selling is one of the fastest-growing sectors in India today. Despite these challenging times, the sector has witnessed spectacular growth in the last three quarters. At Vestige, we have provided an alternative career opportunity to millions during the pandemic period. We are looking forward to 2021 and we hope to continue to be a key player in the Direct Selling Industry’s rapid growth by empowering people.”
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How To Start Network Marketing:
If you want to start the business of network marketing or direct selling, you want to associate with the best direct selling company and the team.
Here I will tell you the top 5 best direct selling companies in India:
- DXN India
- Safe Shop
- Mi Lifestyle
- Forever Living
All the above companies are the leading direct selling companies in India, but I will suggest you Join Vestige Marketing Pvt Ltd. The company is the fastest direct selling company in India which has crossed turnover up to 3000+ crore and having a CAGR of 79%.
Talking about ranking this company rank on 30th on the global rank. Which is only the 1st direct selling company that rank’s under 100.
Education plays a vital role in the growth of any business.
This is one of the most important things to start a network marketing business also.
Because no one is born to do network marketing. People from the different streams come to network marketing to fulfill their dream & thus education system will guide you to do network marketing.
Join The Best Education System (Winning Team) of Direct Selling For Free! or Call At 7999917590
So these are few points you want to keep in mind before starting a network marketing business.