Definitions for "Network marketing"
(n) (also known as "multi-level marketing") an effective form of direct-selling in which independent distributors are financially compensated for their efforts in (1) selling products to consumers, and (2) recruiting and training other distributors to do likewise. A distributor's earnings depend on (1) the individual's personal sales volume, (2) the size and scope of the individual's "successline" or sponsorship group, and (3) the sales volume generated by the successline group. In the case of NSP, qualifying distributors earn bonuses on four levels of sponsorship and overrides on managers up to five levels deep.
A form of franchising in which products are moved from the manufacturer to the consumer via networked agents who are users themselves but sell the products largely by word of mouth.
A business in which a distributor network is needed to build the business. Usually such businesses are also MLM in nature in that payouts also occur at more than one level. Network Marketing is sometimes also used incorrectly to indicate that the business uses a network of product suppliers in order to offer a broader selection of products. It is usually used this way to differentiate themselves as a way to suggest that their program is superior to other such programs.
The process of building relationships with fellow entrepreneurs, and referring prospects to valuable opportunities.
Keywords:  helping, people, business
a people helping people business