MLM’s concept refers to the business model of marketing. It is also known as referral marketing. Traditionally, vending of products and services started by creators or manufacturers. In the olden days, when one made a product, one would sell it by oneself.
Through the years, marketing had evolved to the extent where organizations were started for the sole purpose of marketing and selling products which they did not produce. Manufacturers were keen to produce as fast as possible and believing they should maximize their profits by capturing market share. (more…)
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