If you are considering starting your first MLM business in, is it helpful to understand basic direct selling jargon.
Affiliate: A participant in a network marketing company. Affiliates are also called consultants, independent distributors, associates, and representatives.
Auto-Ship: An automatic shipment (usually monthly) of products such as the Ultimate Body Wrap from It Works. Auto-ship benefits the customer who doesn’t have to remember to place a new order every month.
Auto-ship makes it unnecessary for the distributor to store a lot of inventory in their home.
Compensation Plan: The structure which determines how distributors are paid from their own sales and earn residual income from the sales of the distributors in their downline.
Downline: The people who make up your MLM network. This includes entrepreneurs you recruited or sponsored, (your frontline) and the distributors recruited by the people in their frontline, and so on down the line.
A distributor’s downline is arranged vertically by legs and horizontally by levels. Your frontline is the first level. All the recruits under one person in your frontline is a leg.
Fast Start Bonus: A one-time compensation designed to reward new distributors who start expanding their home and online businesses shortly after joining.
Network Marketing: Any business which allows participants to sell products such as the Wrap Pack or services directly to customers. Most direct marketing companies also allow participants or distributors, to recruit additional distributors. Network marketing is also called multi-level marketing (MLM), referral marketing, and direct selling.
Distributors earn income from their own sales and also from the sales of their recruits.
Residual Income: Repeating payments earned from work done one time. Some examples: a writer in who receives royalties on an e-book sold on an online marketplace. A successful investor who receives stock dividends. Network Marketing is one of the best ways to create residual income streams in without having to invest a lot of money up front.
Here is a link to an interesting article I found listing the top 100 MLM companies as listed on Alexa.
There are plenty of network marketing companies to choose from, it is an exciting and growing industry. If you would like to know more I would be happy to talk to you. Coach Kaye Anderson, 719-590-6239, or email me at firstname.lastname@example.org