Multi-level Marketing Solution for Masses - FYP Idea
"Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of the other salespeople that they recruit."[wikipedia] Companies that implements MLM strategy, ask you to become their member by purchasing a product and bring other people to buy their products. When new member joins with your reference, the company pays you specific amount from the membership fee or from the profit they earned from the product sold. When your referred person introduces a another member, the profit is shared not only with him, but with you too, sometime even with the complete hierarchy from the first person. The beauty of this model is, each client becomes marketer. This is also known as referral marketing and network marketing. Suppose, you have products to sell. Under MLM strategy, you assign referral number to each client, and ask them to market the products and introduce each client with thei...