Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level. https://www.entrepreneur.com/encyclopedia/network-marketing
Network marketing IS a business, a business that needs people for growth and a business from which you may realise multi-income streams.
WOW. My mom used to be in this network marketing, with a company that sold health products (Swiss Garde). I remember her buying products and recruiting people to join the network.
I also remember being recruited around 2009 to join IFA, but I did not. What if I had joined then, it would be 7 years or so of residual income.
I was at a Pro Elite Community (Pec) presentation yesterday, it is always motivating to hang out with purpose driven people.
Our M.C for the day herself has made a million from network marketing and stokvels. She was telling us that she had put away R60 000 in 2011 at a bank, and had received R2 200 interest on that money in 2016, 5 years later. Very underwhelming growth. She contrasted this to the amount of growth she would have received had she invested it on a network stokvel.
The first network stokvel I joined was MMM-RSA where you earn 30% growth, it is peer to peer: meaning that members of the community provide financial help and get help from each other. Had you invest an amount of R50 000 with MMM community, you would have earned R65 000. http://rsa-mmm.co/?i=vuyojoy@gmail.com Click to join
The next network I joined was PipCoin in February 2016, with them you earn 35% growth. Had you invest an amount of R50 000 with PipCoin you would have earned R67 500. http://mypipcoins.com/Registration.aspx?ref=vuyojoy@gmail.com
There are many stokvels popping up in South Africa, and yes it’s possible to lose money with some. So it’s best to tread with caution on some of them.
A new network on the block is Pro Elite Community, it is a few months only in the country, and it is hot! What makes it so hot?
It is different because the stokvel has partnered with a FSB registered service provider: Imogo. When you join with your R1300, you also get an Imogo card and a wallet where your earning will be deposited into, and you may use your card to withdraw and swipe. No bank account required.
Pro Elite Community is a 3 in 1 network: there is networking, a grocery stokvel, and the investment side within this business. https://www.pro-elite-community-group.com/share/14165629?ref=pec
Another network worth a mention is BitStrategy, which also uses Bitcoin. They have a 25 day plan where you earn 6% growth daily for 25 days. https://bitstrategy.net/?ref=vuyojoy
Let us make 2016 the year for multiple income streams!
ImaliYam 