Youth Entrepreneurship

Menu
  • Welcome
  • Dayo Profile
  • Contact Dayo
  • JOIN OUR FORUM
  • Testimonials
  • Shop
  • Our Business Plans
  • OUR PRODUCTS
    • Coaching
    • Entrepreneurship book for Africa Students
    • MLM E-BOOK: How to Recruit and Get to the Top Fast in Any Network Marketing Business
    • Set Up Money Making Blog for Just N50,000

80 Things You Will Learn from 72IG Affiliate Marketing School, Digital Marketing Skill Development and Expertnaire Affiliate Implementation Programme. (Cost N65,000)

CLICK HERE

NETWORK MARKETING COMPANIES IN NIGERIA

Dayo Adetiloye Business Hub

NETWORK MARKETING COMPANIES IN NIGERIA

NETWORK MARKETING COMPANIES IN NIGERIA

With the advent of the global pandemic in 2020, the ideologies of many persons seemed to have changed. In times past, people were more concerned about “physical jobs and Salary”. But currently, the premium is now placed on multiple sources of income and remote jobs.

In this digital era, although there are many ways to achieve multiple sources of income, Network marketing is among the top ways. It is a slow but steady earning means at the initial stage. For this reason, many persons who are impatient with the process resort to Ponzi schemes, where they eventually get scammed.

As such, this article is built to explain the network marketing process, the fastest growing network marketing companies operating in Nigeria, and the pros and cons of network marketing.

 

WHAT IS A NETWORK MARKETING/NETWORK MARKETING COMPANY?

Network Marketing is a strategy to grow a business by building a network of business partners; who may become clients or generate income through sales or affiliation with new members.

Network marketing operation is based on levels. Usually, it starts with a single level, and multilevel could set in due to business expansion.

To explain the working of network marketing, consider the following example

John starts a company that deals with medical supplies. At the initial stage of his company, he employs 5 persons to carry out sales. He also encourages them to recruit more sales representatives. With commitment and dedication, John will attain his financial stability through his sales and commissions in the long run.

The first 5 persons who were employed (which constitutes the single level operation) would now be described as chief or founding marketers. This would still be the case for the second-level operators recruited by the first-level operators. Interestingly, this trend will continue to many multi-levels as long as the company is operational.

In essence, network marketing works on the principles of sales, affiliating, and commissions. Affiliate marketing is, therefore, an opportunity in which both the owner and marketers have the opportunity to build their income. Network Marketing is otherwise referred to as affiliate marketing, multilevel marketing, referral marketing, consumer-direct marketing, cellular marketing, etc.

Operational Marketing Networks in Nigeria

  1. Longrich

This is a company producing over 1000 products cutting across various utilities. Longrich is a very long-standing network marketing company in Nigeria, which has empowered and raised millions of persons above the poverty level; since its inception in Nigeria around 2012.

Becoming a Longrich partner is very easy, but like other affiliate companies requires hard work, patience, and commitment. To get started, you select your entry-level (entry levels include: platinum, gold, silver, Q-silver, and the student’s package).

The difference in entry levels is accounted for by the amount of money you’re willing to commit to the purchase of products, as well as the commission you get from your teammates.

 For instance, John purchases the Gold entry-level; this means that John would pay N130,000 for the Longrich products (starter pack). Once your evidence of payment is verified, you would be registered and directed to your closest Longrich outlet to receive your supplies.

By virtue of John’s entry-level, he would also be receiving a commission of 12% from Team sales.

 

  1. AimGlobal

AimGlobal is the short form for Alliance in Motion Global. This is an affiliate marketing company that has been in operation for close to 15years.

The products of this company range from food supplies to other consumables obtained from Natural combinations; which are very efficacious in the treatment of certain health challenges.

To get started with AimGlobal, you pay N38,000 for your starter pack. Once you get your starter pack, your journey to developing your team has started. You could use the starter pack yourself or give it out to others to try it out.

On the platform, income is generated from

  • Match Sales Bonus

Here your team’s organogram follows a tree format. As the tree progresses, any pair of persons joining the business attracts a matching fee.

  • Referrals

Outside the matching bonus, you get paid for every new member that joins the business.

  • Buying of products (Retailing)

Although this method is completely optional, there are benefits to it. The major benefit is solving the health challenges of others and getting paid for it.

 

READ ALSO: TOP 100 COMPANIES IN NIGERIA

NETWORK MARKETING COMPANIES IN NIGERIA

  1. Norland

Norland is another Network Marketing Company operating in Nigeria. This company is owned by Dr. Rongxiang Xu He, a medical scientist. Norland offers a number of products including skin care products, medical supplements, energy products, etc.

Like other Networking companies, they have packages that vary in price value and earnings percentages. These entry levels are entry members, senior members, bronze members, silver members, Gold members, and Diamond members.

 

  1. Trevo

Trevo is a fast-growing company that produces a health-benefiting drink; made from 174 natural ingredients. It has been operational in Nigeria for quite some time. It is also a marketing company offering numerous benefits to its affiliates. Trevo packages currently range from the 48-bottle package to the 2-bottle package. Interestingly, Trevo pays you up to the 8th generation of your down lines. Other programs include; group volume commission and a 15% global pool bonus.

 

Pros and Cons of Network Marketing.

Pros

  1. There are many opportunities and rewards for committed affiliates. E.g. Scholarships travel/holiday trips.
  2. The capital is relatively low
  3. One could decide whether or not to work remotely.
  4. In the long run, it becomes a passive source of income.

Cons

  1. The process of convincing new affiliates could be very demanding.
  2. The risk of being registered with fraudulent companies. Therefore, as a check, intending affiliates to ensure that the company they intend to join has a wide variety of products in high demand.

 

Conclusion

There are many network marketing companies in Nigeria, but the ones listed in this article are those whose products and services I’ve utilized.

Also, irrespective of the number of these companies, it is important always to research whether a particular company is viable for business. This will reduce getting scammed or not being paid after so much effort.

 

If you need a service of a Professional Business plan writer, then Dayo Adetiloye Business Hub is the place to go Call or WhatsApp us now on 081 0563 6015, 080 7635 9735 or send an email to dayohub@gmail.com  and we will solve any of your business plan problems.

 

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine-tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write a business plan and help with fundraising strategies and Grant applications. We can help you start, grow, and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735 or send an email to dayohub@gmail.com  and we will solve any of your business problems.

 

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
  • Author
  • Recent Posts
Dayo Adetiloye Business Hub
Lets connect
Dayo Adetiloye Business Hub
Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
Dayo Adetiloye Business Hub
Lets connect
Latest posts by Dayo Adetiloye Business Hub (see all)
  • Philanthropist Kole Akintujoye’s Our Daily Bread Foundation: Eradicating Hunger in Nigeria and Beyond - March 20, 2023
  • 28 Reasons why Norland Network Marketing Company is the best in Nigeria - March 16, 2023
  • Top 50 Ways to Generate Leads for Expertnaire Affiliate Marketing Platform in Nigeria - March 16, 2023

Share this:

  • Tweet
  • WhatsApp

Related

Prev Article
Next Article

No Responses

  1. Pingback: ICT COMPANIES IN NIGERIA - Youth Entrepreneurship
    January 27, 2022

Leave a Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search this Blog

MLM Instant Recruiting Formula

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Facebook

Follow me on Twitter

My Tweets

Youth Entrepreneurship

…Raising Millionaire Young Entrepreneurs
  • About
  • Dayo Speaks
  • Disclaimer
  • JOIN OUR FORUM
  • Shop
  • Privacy Policy
  • Sitemap
  • Advertise With us

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Popular Posts

  • 50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
    50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
  • Peter Obi's Biography, Net Worth, and Rise to Popularity
    Peter Obi's Biography, Net Worth, and Rise to Popularity
  • 25 BUSINESS IDEAS FOR UNIVERSITY STUDENTS IN NIGERIA
    25 BUSINESS IDEAS FOR UNIVERSITY STUDENTS IN NIGERIA

Popular Category

  • Affiliate (36)
  • Articles (723)
  • Business Grant (342)
  • Business Opportunities (422)
  • Business Plan (682)
  • Competition (46)
  • CV Writing & Career Guide (61)
  • Dayo Initiative (13)
  • Entrepreneur of the Week (19)
  • Executive Summaries (148)
  • Expertnaire Affiliate Marketing (5)
  • Finance (15)
  • How To (133)
  • Job Vacancy (18)
  • Latest Post (1,681)
  • LOAN (23)
  • MLM Coaching (11)
  • Network Marketing (176)
  • NEWS (21)
  • Norland Nigeria (70)
  • Ofada Rice (6)
  • Online Marketing (50)
  • Product Sales (9)
  • Recharge and Get Paid (11)
  • Scholarship (7)
  • Scholarships (11)
  • Sponsored Post (223)
  • Trainings / Events (151)
Copyright © 2023 Youth Entrepreneurship
Dayo Adetiloye Business Hub

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
 

Loading Comments...