Network marketing is a marketing technique in which individuals use their personal networks to sell their products and grow their businesses. Network marketing opens a wide range of career opportunities.
Affiliate marketing is also known as Multi-Level Marketing, Cellular-marketing, Home-Based Business Franchises, Affiliate Marketing, and Referral marketing.
In multi level marketing, you feel like “your own boss,” because multi-level marketing is a single-tier business with moderate investment or multi-tier in which you recruit additional salespeople.
These networks are used to generate leads, for inquiry purposes, and to recruit new members to sell the product.
In the current scenario, getting a well-paid job for freshers is hard, and affiliate marketing is a good choice. With small investments or without losing-lot of money they can be a part of affiliate marketing.
Some network marketers or marketing agencies provide training and mentorship processes for new recruiters.
Network Marketing Categories
Types of network marketing include:
- Single-tier network marketing
In single-tier marketing, you don’t need to recruit other distributors. All the benefits come from the direct sale, So the profit is comparatively high.
In single-tier marketing, you tie up with a company’s affiliate program to sell its products and services.
One of the advantages of this network is that you get paid for the traffic on the affiliate’s website.
Eg: Avon
- Two-tier network marketing
Two-tier network marketing has a slight difference from one-tier multi-level marketing. In two-tier network marketing, they need recruiters.
Two-tier marketing gets compensated according to the traffic you give to a website or for the direct sale.
Eg: Ken Envoy’s Site Sell
- Multi-level marketing
Multi-Level Marketing is a business model that involves two or more tiers. Multi-Level Marketing is also known as Affiliate Marketing or Pyramid Selling
In Multi-Level Marketing, the existing members bring new recruiters into the business by promoting and selling their offerings.
Two types of networking strategies are included in Multi-Level marketing. They are:
- Marketing-driven network marketing
- Name-driven network marketing
Some multi-level marketing will go five or more tiers deep. In such cases, there will be incentives for recruiting.
Eg: Amway(business)
The Binary plan, the Unilevel plan, and the Matrix plan are the basic plans used by some companies.
Things to remember when getting started in network marketing
- Need to study the market.
- Fix your budget.
- Find an affiliate marketing company.
- Invest carefully.
- Get your essential credentials.
- Find your opportunity
- Connect with other marketers for your business improvement
Multi Level marketing put forward a wide range of carrier opportunities. Multi-Level marketing requires hard work. Some of the company’s work is on the concept of consumer satisfaction.
Some of the advantages of joining a multi-level marketing company:
- No employees required
- A quality product can be demanded
- The risk will be reduced.
- Income
Summary:
Network marketing is a marketing technique in which individuals use their personal networks to sell their products and grow their businesses. Affiliate marketing opens a wide range of career opportunities.
Single-tier marketing, two-tier marketing, and multi-level marketing are three categories of Multi-Level marketing.
Marketing-driven multi-level marketing and name-driven Multi Level marketing are the two strategies used in Affiliate marketing.
