Network marketing, or multi-level marketing, is one of the fastest-growing business models of the past few decades. 20% of American adults reported they are now (6%) or have been (14%) a direct selling representative -- defined as "the sale of a consumer product or service, person-to-person, away from a fixed retail location." In 2000, 55% of American adults reported having, at some time, purchased goods or services from a direct selling representative.
Between 19, total direct selling revenues grew by 7.1% annually, dramatically above the rate of growth of the economy -- and of total retail sales (according to the Direct Selling Association). total direct selling sales totaled more than billion, or almost 1% of the over ,397 billion for total U. A significant number of network marketers have negative experiences with the industry.
In actual practice, however, they are overwhelmingly participants within the MLM pyramid (i.e., the very "salespeople" themselves) who had been earlier recruited by a fellow participant who is positioned above them in the MLM pyramid.
Our focus is threefold, develop a system that evolves as one uses it, provide rapid deployment, and offer efficient, automated data capture.Many MLM companies will not disclose what percentage of its consumers are simultaneously their own participants, while other MLMs do not keep said figures because they do not differentiate between participant consumers and non-participant retail consumers.The percentage of an MLM company's total profit which is ultimately distributed to its contingent of salespeople, away from the MLM owners or shareholders, differs from one MLM company to the next.Notwithstanding the Criminal Procedure Code, a District Court shall have jurisdiction to try any offence under this Act or any regulations made thereunder and may impose the full penalty or punishment in respect of such offence.9.The provisions of this Act shall be without prejudice to the Business Names Registration Act 2014 or the Companies Act (Cap.