So, network marketing involves forming a literal network of salespeople, which facilitate an easy selling of product.ģ. For example, if you’re at the bottom of the sales pyramid and you complete a sale, then the entire pyramid will be benefited from that one sale. The key to effective network marketing lies in forming a wide customer base through a chain of intermediaries. Therefore, you should go for network marketing only if you can form good relations with others. Good communication and relationship skills are a must for effective network marketing. Network marketing involves independent agents who are responsible for selling the products to the final consumers, for a specific amount of commission. It is also called pyramid selling or multilevel marketing. The answer to ‘what is network marketing’ is that it is the process of promoting the products to the intermediaries or distributors.

Meaning of network marketing with image model

Following pointers will explain the concept behind how to develop an effective network marketing strategy with supporting examples. The profits are earned in the form of the commission provided on sales. Your share the profits of the entire chain under you. Such marketeers are constantly involved in selling products. Network marketing is defined as the marketing of products by creating a chain of marketeers. Let us begin by understanding, ‘what is network marketing?’. This article proposes a network marketing guide with examples. Effective network marketing comes up as a flexible business opportunity. In the present scenario, everybody looks for convenience and flexibility in their career.

We can formulate marketing plans, which directly aim either at the final consumers or at various intermediary levels. The process of marketing can be conducted in numerous forms.

Network marketing tips