Advantages of Multi Level Marketing Business (MLM) - Part 1

MLM Business is more than 40 years old in the world and it came about as an answer to the world's twin challenges of "product distribution" and "product advertisement"

It was noted that the presence of middle men between Product Manufacturers and the final consumers, coupled with the advertisement to ensure that they are brought to the notice of the consumers made the products quite expensive.

And so the MLM business came into being as a direct sales business in which the middle men were done away with and word of mouth advertising replaced print and electronic media advertisement which were quite costly.

Most MLM Companies have a hierarchy of growth both for encouragement and reward.

There are quite a number of advantages associated with this kind of business and they include

1.      Your Own Business:

When you join any MLM Business, you are not

joining as an employee but as an Independent Distributor or Product Consultant as the case may be.

The business is entirely yours, you are your own Boss, the Chief Executive Officer of your own Business and you account to no other but yourself.

Your zeal is fired from within and so you don’t have a boss who tells you what to do and when to do it. You become independent.

This is your own independent business. You can choose, decide and operate the business the way you want it. Nobody is going to tell you what to do.

You make exactly how much you want. Only you can determine your take home pay

You can do it from anywhere including your bedroom. You don't need any staff or office; you don't have to incur any more electricity or water or environmental bills except as you have been paying already where you live

2.       You Can Do The Business On Part Time Basis:

If you are working on a salaried job, your best bet to diversify your income is to start an MLM Business.

Your office colleagues would surely patronize you when you present quality products to them.

You don’t need to quit your job. It is advisable to maintain your job and do it part time as this will double your stream of income.

3.       A Quick Return on Investment (ROI):

Most MLM Companies start their members on through the payment of a registration fee which most of the time does not exceed N5,  000.00

However the beauty of this scheme is that as soon as the member begins official detailing of the products, in just a matter of hours, s/he would get back their registration fee with profits made from sales.

apart from the profit on sales, other means by which MLM members earn money include bonuses paid out on enrolling new members and the different incentives put in place to encourage members

4.      Compared to Traditional Business, MLM is Easy to Understand and Operate:

Unlike many conventional or traditional businesses with complex and complicating business rules, MLM Business is very easy to

understand and operate.

One does not need to undergo a long apprenticeship, it is as simple as "Follow your leader" and then "Copy and paste"

6.       Low Start up Cost:

You don’t need a large lay out of money (Capital) to start up an MLM business; most times it's just the registration fee that commences the business for you and then you grow your business as you detail the products and also enroll others to do so

7.       Low Operating Cost:

Just as has been pointed out above, you can do this business right from your bedroom or your kitchen, whichever is more convenient for you.

So it does not require a high operating cost in any way.

Your operating cost is determined by your marketing strategy that brings you sales and opportunity to share your business with others.

Once you have duplicated and build a strong team, your expenses will be only in meeting and helping them grow more.