June 29, 2022

Businessman and entrepreneur Dennis Loos explains what network marketing is

The last few years have seen a massive boom in the network marketing industry and more and more people are turning to network marketing profiles because of its many benefits. Dennis Loos, who is an entrepreneur and network marketing expert, explains what exactly network marketing is.

Dennis shares, “Network marketing is a business model in which independent entrepreneurs buy a business and earn a commission on the products they sell.

The profession attracts many people because they can be their own boss, set their own schedules and work towards personal goals. It’s a big commitment, but network marketing can be a very lucrative career. Network marketers are not employees of the company and do not receive any benefits from the company.

They receive a commission based on their trading performance. Network marketing companies typically charge an upfront fee to join and may also charge ongoing monthly membership fees.

Talking about how network marketing works, he adds, “Network marketing companies sell products directly to consumers through relationships and referrals with independent distributors who represent the company’s products and services to potential customers. .

In exchange for the sale of the company’s products, distributors receive commissions on the sales made by the people they have recruited into the program (downline).

Recruiting new distributors is one of the most effective ways for individuals to make money in network marketing because there is little risk – anyone who wants to start selling can simply register as a independent contractor without paying anything upfront.”

Disclaimer: No Deccan Chronicle reporter was involved in the creation of this content. The group also declines all responsibility for this content.