Network marketing in the UK
Network marketing is defined as the Organizations that include offering items to loved ones and enlisting others to do likewise. It is also called multi-level marketing (MLM). In network marketing, one needs to build and maintain a chain of partners to guide the people. In order to understand this topic, we need to have some basic knowledge about the working of network marketing companies, the pros of a network marketing companies, a number of MLM companies working in the UK and why choosing the UK as their center.
Network marketing organizations offer their items or administration through one individual to other deals. So, one can sell the products of these companies from home, or through an online source. The only way to make money in a network marketing company is by two ways. Either you have to work as a salesperson and sell the products and services to earn a commission, or you have to provide new members to the company and whatever these people are making you will also be getting a percentage from their income. In this way, these new recruiters become the downline or the distributor network.
Although network marketing companies are accused of running a pyramid scheme, this is not entirely true because there are many best MLM companies out there providing products and services to their customers. Network marketing is a type of business, and we know that wherever the word business comes there is always a chance of risk. To start a business one requires investment so either they have to have a lot of money or they have to take a loan from a bank in order to start a business. But with network marketing, you can start with minimum investment and a lot of people are more than willing to make minimum investments because the chances of loss are low. So the more the people invest, the more the company get exposure and the chances to grow increase. In network marketing, you are your own boss. You work when you feel like it, and you even work from the comfort of your own home. You can also use platforms like social media to promote your products, use the money for advertisement purposes or not use any money at all. Signing up on MLM platforms is easy as some companies do not even require that you buy their membership. The chances of potential income are high as you can either take that job as a part-time or full time and the more you sell products and the more you refer people the commission you’ll be making.
If we look at the UK and its relation to network marking, it is under the direct control of DSA (the direct selling association UK). DSA was founded in 1965 and its main goal is to protect the interests of its member companies. During the pandemic, as people had nothing to do, they started getting involved in network marketing. The popularity of these MLM companies was particularly high among women because it is reported that during the pandemic 32% of the women in the UK started working as MLM salespersons.
In concluding all this discussion, I’ll just say that every business has some pros and cons, likewise, network marketing also has some advantages and some disadvantages. But if we want to succeed then we have to also consider the advantages.
