Is network marketing best suited for you? Know more about the network marketing business mode

Network marketing is basically a business model that particularly relies on the network of different distributors in terms of growing the business process. As suggested by the best MLM development company in India, high-quality MLM or multi-level marketing development services are only designed according to your business needs. There are different MLM plans best suited according to the size of the enterprise be it large or small. The good thing is that there is an entire range of MLM plans helping you manage your business process effortlessly.

However, according to ITSpectrum, a leading network marketing service provider in the industry, there are several types of network marketing such as single-tier, two-tier, and multi-level.

•    Single-tier

Using this form of network marketing process you have to sign up for a company’s affiliate program in order in terms of selling any of their products or services. According to this network marketing, there is no requirement of recruiting other distributors and the payments are released according to the direct sales conducted.

•    Two-tier

According to the best MLM development company in India, in comparison to single-tier network marketing for the two-tier type there is a requirement recruiting but independent of the payment you make on it. You are entitled to receive direct sales in terms of traffic driven into your website and also direct sales incurred by the affiliates or the distributors that are recruited under your supervision.

•    Multi-level

Multi-level marketing or MLM is basically a distributor based marketing network that holds more than two tiers at any point in time. There are even two different types of network marketing strategies such as the marketing-based and the name-based one. The best thing is that the MLM plans allow you to generate capital deeper than five or even more tiers and require incentives for recruiting as well.

How to know network marketing best suits your requirements?

As suggested by ITSpectrum, you may not find the right kind of people when it comes to network marketing. However, there is a common myth that prevails almost everywhere is that network marketing is all about selling your products or services only. But this is not the truth and most of the people who have achieved success in network marketing do belong to the sales.

The good thing about network marketing is that it is one of the business verticals where there is no requirement of employees and is independent of the business-minded people as well. In this marketing network, only residual income is generated for the owner of the business after purchasing and selling any form of products or services. The residual income continues even after the work is accomplished and even offers tax benefits of network marketing as well. Using the internet people can now work from the comfort of their home and in a small span of time are able to build large business processes as well.

According to ITSpectrum, several MLM plans are designed as per the use of companies which you can use as per your business requirements like the –

•    Binary plan

As depicted by the best MLM development company in India, this MLM plan is simply developed to manage one or more networks by keeping track of the down line’s income and the expenditures involved. This plan is based on a two-legged structure where the new distributors are placed accordingly in the left or right subtree of the pyramid structure. This plan is quite popular with all the MLM service providers which allow for easy earnings irrespective of the efforts put into it.

•    Unilevel plan

The unilevel MLM plan is totally web-based that could easily help in maintaining and keeping track of the downline incomes and expenditures and is only developed with all types of activities particularly associated or needed by the MLM companies or the service providers. This plan comes with unlimited width that helps in sponsoring only a single line of distributors keeping one of the distributors in the frontline at all times.

•    Matrix plan

Matrix plan comes with a limited width. It will put restrictions on the distributors you want to sponsor in the first place. In general, this plan restricts the distributors less than five. Our matrix plan will help to assess your monthly multi-level marketing income on the basis of sales volume, recruitment and so on. We also offer customised MLM service according to your business needs.

•    Donation plan

This MLM plan is web-based and is only developed to help the users save time while keeping track of the incomes and expenditures. It works on the “give and take” policy and can be quite beneficial for you by simply setting all the gift generating scenarios which on the other hand helps in easy management of all the members as well. It is a simple and unsophisticated plan with unique features inspiring more people to join in.

Network marketing the part of the industry and is all about finding more salespeople passionate about marketing. However, when you are hiring people keep a check they are more interested in your business process and the products you want them to sell, as an enthusiastic sales force can easily drive more sales into your marketing network.