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UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. - Investment - Nairaland

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UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 10:57am On May 22, 2018
WHAT IS MULTI LEVEL MARKETING (MLM) AND UNDERSTANDING THEM

Multi Level Marketing also known as MLM or pyramid platform is a type of networking business where a particular company indirectly requires the services of an independent marketer to procure their goods, make use of such goods, sell those goods to other end users thereby generating earnings on sales of those products on one aspect and also making earnings through way of referrals.
MLMs are in different forms having different binary matrix patterns. There are 2x2, 2x5, 2x6, 3x3, 4x7, etc, etc, etc. Each matrix pattern is based on the number of referrals gotton into the network platform by the respective individuals and earnings are generated accordingly and paid to each qualified participant according to the various level/stages achieved.
While some of these binary matrix patterns are true in the sense that one's earnings corresponds to the number of referrals gotten, others are plain false and your earnings are not commensurate with the number of referrals. Referrals are also called downlines. In order for one to earn with less effort one has to understand the matrix pattern being used or be faced with challenges.

MLM is one sure way of becoming a millionaire given the right frame of mind and community. Community here is referred to as the number of referrals one could get in the process which is also associated with crowd funding.
MLM is an ancient form of empowerment scheme but only just modernized. There is very little difference between MLM platforms and what we called Osusu/Contributions.
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by restore8(m): 2:23pm On May 22, 2018
Go on

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Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 4:31am On May 23, 2018
MLM network platforms started in Nigeria with the influx of companies like Forever Living Products (FLP), GNLD, EDMARK,Tianshi, Trevo, Tiens, Kedi, Longrich, etc, etc,etc. All these networking companies were all strictly on products based referral marketing. And those who joined these products based referral networking companies benefited a lot especially those who understood the system and the respective health benefits of their products.

The economic recession (artificial) gave rise to a different type of MLM platforms. But it all started with the introduction of a scheme referred to as MMM otherwise called ponzi schemes. The birth of MMM (PH-GH) gave rise to a new brand of millionaires in the country within a short period and its abrupt end brought psychological trauma and death to others.
Least we forget that the oldest form of MMM in Nigeria used to be called Umana Umana.

The abrupt end of MMM gave rise to a new brand and wave of MLM platforms which are solely based on recruiting referrals (down lines) before registered participants will earn. These recent wave of platforms are not (entirely) products based.
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 6:23pm On May 26, 2018
Most of these newly found MLM platforms are purely indigenous while a few are foreign linked though there's always an attached clause as it relates to business transactions.
The names of MLM platforms are endless and new ones are springing up by the second.
Usually the financial benefits to be earned in belonging to any of these platforms is so so true that it will make anyone to join though a couple of persons are still sceptical about it all.
There are two types of bonuses. The referral bonus and stage bonus. Most persons earn more from referrals and less from stage bonuses. Those who earn more from referrals create spills. By stage bonus I mean balancing your left and right legs at every point in time to be able to earn as well.
A lot of Nigerians have embraced one or two of such MLM platforms be you employed, self employed, student, trader, etc, etc and earning in them.
Given the task behind getting referrals, earning from the platform and great team work, a new found word was given birth to just to ease the pressure on any individual.
That word is called " Fast Track ".
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 11:30pm On May 29, 2018
Fast track as the name implies is a group of people coming together with huge amount of money getting registrations done and sharing the earned benefits equally amongst themselves. These set of persons do not necessarily need to know one another but there needs to be some form of trust for such to be effective. Fast track is the best pattern to use especially for those who find it hard to refer people or get referrals. A good networkpreneur should be able to make best if in a fast track team/group and also understanding the MLM platform to invest in. Most MLM platforms are flexible but a few are not and if you find yourself in these few without proper understanding you might get your accounts blocked. There are lots of paying MLM platforms and anyone who is yet to spot a good paying one is probably not interested in benefiting or still riding in skepticism.
If there's anyone here going through this thread and would love to join a fast track team and earn good benefits, you can check my signature for my contact details via whatsapp and I'll fill you in.
Every fast track team/group is a community and every community grows and we're looking forward to our collective growth both in numbers and in earnings.
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 7:15pm On Jun 04, 2018
Nice to be back.
Thanks.
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 7:59pm On Jun 04, 2018
Fast track is fast fast track, translating to getting earnings quick within the shortest given time.

But how do you earn in fast track?
It is said that in fast track, one is not required to refer anyone before he/she earns; really?
Well, simply put, if a fast track platform consists of about an initial number of 50 persons. Each of these individuals is supposed to in turn bring in 1 person each, doubling the initial number and the whole process is replicated by each new participant. It is of opinion that in a team of 50 persons at least 35 should be able to refer at least one person and those new persons coming in should replicate same.
Everyone should note that in MLM platforms, if there be no referrals then there is no earning given to individual registered members especially on non product based platforms which happens to be the new thing now.
MLM platform is an alternative source of getting income and every Nigerian should be on the look out for prospective and reliable ones to belong to.

Well, if you're not getting a passive income in an online legitimate MLM platform, reading things to increase your knowledge or enhancing your personal development skills then I guess you're just wasted and you have no reason to be using any device that surfs the web.
Re: UNDERSTANDING MLM, INVESTING IN IT AND GETTING APPRECIABLE EARNINGS. by bixton(m): 9:22pm On Jun 04, 2018
This is the statistics of NL as of now;
2,013,882 members,......... if this number of persons can actually get involved in any legitimate MLM networking platform then one can only imagine these numbers turning out to be millionaires.


Money has no enemy but only friends no matter your age, tribe or religion.

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