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Make money the 'network' way
Published on Fri, Jan 23, 2009 at 11:40, Updated on Fri, Jan 23, 2009 at 11:49 in Lifestyle section
Tags: Amway, Flexi-work
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With network selling companies such as Amway, Tupperware and Oriflame, to name a few, making their foray into the Indian market, you can look at supplementing your income from the comfort of your own house.
What is MLM?
Network selling or multi-level marketing (MLM) operates on the principle of supplying goods produced by an organisation directly to the consumer. As a result, the profit margins get channelised towards the seller who creates the largest network.
What You Will Need
* People / contacts to recruit into your network.
* Ability to convince and recruit people to sell the product.
* Money to invest in a start-up kit, which varies depending on the nature of the product or service. Additional expenses could be incurred for the training programme and travelling involved.
* Time to attend the various training programmes and seminars organised from time to time. Also, time and effort in retailing products and signing up new recruits.
Investment and Material
Network sellers provide start-up business kits that range between Rs. 2,000 to Rs. 5,000. Most companies also provide training material and CDs as well.
Remuneration
Profitability depends on the nature of the product or service and the numbers you achieve in networking and distributing the product. Most companies have levels of distribution with a fixed profit percentage at each level.
Qualification and Experience
You do not need any formal educational certification or experience for a career in MLM. Your flair to sell any product and orientation training provided by the company should be sufficient to equip you.
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