If one plans to start a business and that too with low investment and high returns, Multi level marketing is the best option. Advantages being the following :
-> Can be reached directly to end customer.
-> Investment is Low as no need to start new outlets.
-> Word of mouth Publicity.
-> Long business cycle.
-> Portable Business
-> More brand awareness
-> Complete business can be managed by a Single Software
-> Very low risk
There are many MLM Software providers in the market which can provide it at best rates.There are following types of business plans in MLM :
-> Binary Plan
-> Generation Plan
-> Growth Plan
-> Matrix Plan
-> Unilevel Plan
-> Australian Binary Plan
-> Board Plan
A compensation plan can a single plan or a combination of 2 or 3 plan.
Multi Level marketing is a good venture to start, The returns depends on the number of people joins your business, in turn a person gets a product as well as commission too. It is also known as Chain marketing, Direct Marketing, Network Marketing. It can be easily managed by software, MLM Softwares makes it very easy to manage the whole business which includes management of complete member profile, back office management and integration of any type of add on software.
To be a multi level marketing professional, The first thing which is needed is a networker attitude. A person with good communication and fine networking tacts grows a lot and can take MLM Business to new heights.