Multi-level marketing
Multi-level marketing is a form of marketing different businesses use to get more customers. Some businesses are only about this kind of marketing. Although it is not an investment, is it worth trying out ?
Multi-level marketing (MLM) is an affiliate system where you get paid for receiving customers and/or other affiliates. Business and affiliates benefit a lot to this kind of marketing. Businesses get more customers while the affiliates can make money passively with their enrolled affiliates. Here's how it works-
Company A has a 10% - 5% - 2.5% MLM system. This means that affiliate X would receive a 10 percent commission for bringing in a customer. If affiliate X enrolls affiliate Y, affilaite X would receive 5% commission on what affilaite Y customers purchase. If affiliate Y enrolls affiliate Z, affiliate Y will receive 5 percent commission and affiliate X receives 2.5 percent. When affiliate Z makes a 10 percent commission, affiliate Y receives 5 percent, and affiliate 2.5 percent. The photo below shows an example.
Today, some websites might be fraudulent and use multi-level marketing to make some money. If you ever run into an organization that doesn't seem reliable, it is best to stay away from it. However, legitimate businesses do exist with only multi-level marketing programs, and some have their own services or products.
MLM can be very profitable. At first, an affiliate has to search for users and more affiliates to sign up. After the affiliate finds multiple ( in some cases only 1) other affiliates, they can start making passive income off of their work. Some can actually make a decent living off of this affiliate system.
To find a trustworthy business that has MLM , look for businesses on ClickBank. My personal favorite is SimpleFX, a business who lets users invest their Bitcoins in different financial markets. Click the link below to check it out.
https://simplefx.com/?sfx-r=85872782-3485-42b6-b034-f1e98b4d9384
People have different opinions about MLM's. I recommend doing this as a side hustle or as an alternative to the simple affiliate system. This can also become a full time job, and it can even also make you rich.
Read this article here: http://investingliketherich.weebly.com/blog/multi-level-marketing
Follow the main blog here: http://investingliketherich.weebly.com/