What is network marketing?

Network marketing, also known as multi-level marketing (MLM), is a business model that relies on a network of distributors to grow sales and recruit new members. This approach allows individuals to earn income not only from their own sales but also from the sales made by those they recruit, creating a tiered structure of compensation. To better understand network marketing, it is essential to explore several key questions. What exactly is network marketing, and how does it function? What are the primary benefits and challenges associated with this business model? Additionally, how does one get started in network marketing, and what strategies can be employed to achieve success? In summary, network marketing is a unique business model that leverages personal networks for sales and recruitment. By examining its definition, operational mechanics, advantages, challenges, and strategies for success, one can gain a comprehensive understanding of this approach to business.