Definition: [ˈmʌlti ˈlɛvəl ˈmɑrkətɪŋ] is the concept of selling products through a network of distributors (private agents). The peculiarity of the approach is that each representative of the company can attract new partners, thereby expanding the network of the organization. This model of work proved to be quite profitable, as it allows solving a number of serious tasks in business development. It can be viewed as positive not only for the organization but also for employees. MLM marketing still occupies a huge market share and is constantly evolving. However, in some countries, relations between partners are not regulated, so they can not count on social guarantees that must be provided to wage workers. Theoretically, anyone can become a distributor of MLM companies. For this, it is sufficient to fulfill the requirements of the organization.
Multi-level marketing In a Sentence:
- As soon as MLM marketing was born, representatives of organizations offered products using their personal connections.
- Today, the building of MLM marketing through the Internet is gaining popularity.
Synonyms and related words: network marketing, financial pyramid, distributors
