Monday 16 November 2015

ENTREPRENEURS TRAITS : NETWORKED

NETWORKED



Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Having enough human resources is a key factor for entrepreneurial achievements. Combined with leadership, the entrepreneurial network is an important kind of social network not only necessary to properly run the business or project, but also to differentiate the business from similar projects.

Some of the best-known companies in America is Mary Kay Cosmetics and Tupperware. Mary Kay sells cosmetic through a multi-level marketing model. Mary Kay distributors (called "beauty consultants") can make income by directly selling to people in their community, she receive a share of sales made by people they recruit into the distribution network. Mary Kay distributors must purchase a $100 starter kit in order to qualify.

As a private company, Mary Kay releases few details about the average income of its sellers. In 2005, Mary Kay reported that its wholesale worldwide sales exceeded US$2.2 billion. In 2010, worldwide wholesale figures was reported at US$2.5 billion. Neither of those both figure take into account product returns. 


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