8/22/2017 0 Comments Business Networking Definition PdfDefinition of networking. Finding a business partner can be easy, finding the right business partner for the business you already have or a new business you plan to start, might not be as simple. Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level. Network marketing is. A business network is a complex network of companies. Business networking; Conglomerate (company) Network marketing. Business networking is leveraging your business and personal connections to bring you a regular supply of new business. The concept sounds simple, doesn't it? Don't let that fool you, though. Because it involves relationship. What is network marketing? In this method, commission is earned on the agent's own sales revenue, as well as on the sales revenue of the sales- force recruited by the agent and his or her recruits (called downline). Also called multilevel marketing (MLM), cellular marketing, or by other such names, it is a multi- billion dollar worldwide industry that distributes practically any portable item, although restricted or banned in several countries due to its history as a vehicle for consumer fraud. Said to have been pioneered by the now- defunct California Vitamin Company in 1. Amway, Melaleuca, Nikken, and Shaklee- Nagamuchi.
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