MLM or Multi Level Marketing is a term for a company or business that has multi-level system in their marketing. There have been many names or brands that run in this kind of marketing.
What Exactly Is MLM?
This system has been popular since ten years ago and it also becomes a trending topic among people that go with business. Some of them may do and try about the system of this MLM but some big companies do not ever try about this system because we all know that big company should not take any new marketing way like MLM to grow their business.
MLM appears to against old perspective about the marketing. The MLM thinks that marketing should be involved by the consumer itself but the cons are not small too. There are some people against MLM also because some of them think that almost all of products presented by MLM Company are very tendentious and it is just only about how to grow level and don’t think about the product.
That thing is so wrong because you should have thought earlier without looking down other marketing. What do you need to know about this MLM? What is MLM? Do we need to join? Here is our simple explanation about MLM for you to know.
It needs to be creative
When you have come to MLM and there will be lot of challenges you need to pass and that is why you need to be creative creating strategies in recruiting people to ensure that you have longer down line and member in your team. The more members you can recruit, the more sales you will get and the higher level you can achieve.
It is not easy to be creative in doing campaign and making a good prospect in MLM because not all people can really understand about what MLM can do with them. Being creative will enhance the more possibilities in getting more sales and members.
There are many kinds of rewards. Every company has different kind of reward and it should be understood by all members. There are rewards like money until things like gift. In certain level, you will get your reward seeing the level you have achieved and seeing the sales you have done. The more sales indeed gives you more money. Money reward can depend on the compensation plan of every MLM company. They also have different way in designing compensation plan. It has different matrix too. Some companies may come with 3×2 matrix. Some of them may come with 3×5 matrix and so on.
The meaning of matrix is simple. For example, if we have matrix like 3×2 so to get all level to get one tier, we need to recruit 3 people with each person needs to have members under them. It could be long when you can make the circle of your team. The higher tier will be easily got when you can manage the matrix well and maintain the solidity of your team. The more matrixes will give you harder work to recruit.