In our modern days, it seems like the Internet is being used by everyone to promote their products or business.
Based on the recent statistics provided by Direct Selling Association (DSA) statistics, about 20 million Americans use multilevel marketing or MLM, which is also known as network marketing. 3.5 million of them live in the Northeastern US. DSA is the national trade association for companies that manufacture and distribute goods and services sold directly to consumers.
If you’re well aware of the basics of online marketing, you can easily understand the power of online multilevel marketing. The Internet can serve as a powerful tool for automating much of your recruiting efforts. You can use it to contact, present your opportunity, answer questions, and follow up.
The MLM business model didn’t appear recently. It has evolved over the years, and now incorporates new methods of communication and commerce.
Schedule flexibility is one of the main reasons why people find MLM attractive. 77.4% of its workforce is female.
MLM Companies Tabbed as High Risk
Multilevel marketing and business operations can be characterized as highly specialized businesses that require specialized merchant accounts specific to their needs.
Multilevel marketing companies are associated with legal risks, potential for chargebacks, and unpredictable growth patterns. That’s why they’re labeled as high risk by traditional banks and merchant service providers.
However, this doesn’t mean that your MLM business can’t be approved for a merchant account. All you need is finding a reputable high risk merchant account services provider like emerchantbroker.com (EMB) that specializes in serving MLM marketing organizations.
If you’re starting up a multilevel marketing or business operations agency you may find it difficult to secure electronic payment processing. However, this is not the case with emerchantbroker.com. EMB can get you a low-cost and reliable multilevel marketing merchant account to help you take your business off the ground and grow.
EMB is voted the #1 high risk payment processor in the US and has an A+ rating with the BBB. EMB offers online shopping cart integration, mobile phone processing, internet marketing tools, and other useful services that will help you accept credit cards at your MLM company.
To find the right provider for your multilevel marketing business, take the time to research the products and features offered by each processor. Don’t forget to compare pricing and terms.