MLM: The Lingo of Network Marketing: Terms You Should Know. Part 6
An Introduction to Network Marketing
By Jeffrey A. Babener
Excerpted from Network Marketing: What You Should Know, Jeffrey Babener, Legaline Publications
MLM consultant practice tips. An experienced MLM Legal Expert and MLM Law Advisor may become the most important part of an MLM Corporate team. This person has experienced almost every MLM Business and Legal Issue and will likely provide experienced MLM Insight and guidance on MLM Business and MLM Law Related issues. MLM Legal and MLMLegal.com and Babener and Associates provides expert MLM Consultant and MLM Consulting advise on MLM corporate, MLM software, MLM Compensation, MLM Taxes, etc. MLM Consulting is an important component for MLM startup.
Sales Referral - Many states have adopted sales referral legislation prohibiting rebates or bonuses to customers based upon the referral of other customers who purchase product. If marketing programs are not administered properly, companies can easily run afoul of these statutes.
Seventy Percent Rule - A common activity requirement that distributors must sell or personally use at least 70 percent of their last wholesale purchase order before reordering. This requirement is applauded by regulatory agencies as a way to prevent inventory loading.
Sponsoring - The recruitment of a new distributor to sell products or services for a network marketing company.
Stacking - An abuse by a distributor who seeks to manipulate remuneration in the marketing plan by placing various family members or nonproducing distributors underneath his or her position.
MLM Consultant Practice tips. Proper MLM Capitalization is essential to the MLM Startup and MLM corporate business. The need for capital is in inverse proportion to the ability of the MLM to recruit distributors. MLM Legal and MLMLegal.com and Babener and Associates provides expert MLM Consultant and MLM Consulting advise on MLM corporate, MLM software, MLM Compensation, MLM Taxes, etc. MLM Consulting is an important component for MLM startup. Careful Choice of MLM Software is another component of MLM Corporate. An MLM Consultant and MLM Law and MLM Legal is part of the MLM Startup Team. MLM Compensation must be reviewed by an MLM Consulting standpoint by a MLM Consultant and MLM Legal and MLM Law professional and programmed by a MLM Software and MLM Technology provider.