MLM(Multi-Level Marketing) also called Referral Marketing,Chain Marketing and Network Marketing is a well thought philosophical scientific process of sales of goods and services.
MLM is a strategy that some direct sales companies use to encourage existing distributors to join new distributors who are paid a percentage of their joining sales.The recruits(new distributors) are the distributor’s “downline.”
Distributors also make money through direct sales of products to customers. Vestige, which sells health, beauty, and home care products, is an example of a well-known direct sales company that uses multilevel marketing.
Fastest Growing MLM (Multi-Level Marketting) Company:
Vestige Marketing Pvt. Ltd., which started its operations in the year 2004, is now becoming a leading direct selling company dealing in world class wellness products. Vestige is constantly growing at a phenomenal rate every year. The growth rate in itself speaks volumes about the quality of the products, the marketing plan and the management that has been able to deliver such a rewarding and sustainable system.
Vestige is constantly expanding its product range to introduce innovative products every year, manufactured at state-of-the-art manufacturing facilities, which are GMP and Halal certified. Vestige is an ISO 9001-2015 certified company and believes in world class service levels to all its customers. With over 2500+ online and offline sales outlets pan India, multiple international offices and several distributor centres, Vestige has been building a widespread network of distributors, which is constantly growing every year.
Vestige believes in empowering its members with the opportunity to lead their lives on their own terms. With the motto of spreading Wellth, i.e. spreading wealth through wellness, Vestige has continued to enrich the lives of everyone who is a part of the company and those who believe in its products.
How MLM Works:
MLM or Network marketing is known by a variety of names, including multilevel marketing, cellular marketing, affiliate marketing, consumer-direct marketing, referral marketing, or home-based business franchising.
Companies that follow the network marketing model often create layers of salespeople—that is, salespeople are encouraged to recruit their own networks of salespeople. The creators of a new layer or tier (or “upline”) earn commission on their own sales and on sales made by the people in the layer or tier they created (the “downline”). In time, a new tier can sprout yet another tier, which contributes more commission to the person in the top tier as well as the middle tier.
Thus, the earnings of salespeople depend on recruitment as well as product sales. Those who got in early and are in a top tier make the most.
Scope Of MLM In India:
Network Marketing or Direct Selling or Multi-level marketing is certainly going to be the business of the 21st century. There is currently a lot of statistical data proving that this industry is going to be the next most promising industry in India producing a lot of self-made millionaires and billionaires. It is one of the industry which will play a big role to mitigate unemployment in India
Let’s first understand what is network marketing or direct selling or Multi-level marketing. It is the business of selling products and services directly from the manufacturer to the consumer and eliminating all the middlemen (wholesaler, c&f agent, stockist, retailer) that comes in the traditional marketing chain.
In India MLM or Direct Selling is the fastest growing field. In future every people do Network Marketing. We also have to do Network Marketing rather today or in future. So it is better that we start Network Marketing today so that when the time comes everyone start Network Marketing ,you have a strong network. Network marketing also gave you a opportunity to do a side income or you can also do this as a full time business.