Multi-level Marketing - History

History

It is generally accepted that the first multi-level marketing plan was introduced in 1945 by the California Vitamin Company (shortly afterwards to become Nutrilite). The plan allowed Nutrilite distributors with at least 25 regular customers to recruit new distributors and draw a 3 percent commission from their sales. Unlike traditional direct selling, this was an ongoing payment whenever the customer re-ordered, allowing direct sellers to build a sales organization that could generate a residual-like income.

Read more about this topic:  Multi-level Marketing

Famous quotes containing the word history:

    This is the greatest week in the history of the world since the Creation, because as a result of what happened in this week, the world is bigger, infinitely.
    Richard M. Nixon (1913–1995)

    Revolutions are the periods of history when individuals count most.
    Norman Mailer (b. 1923)

    The history of men’s opposition to women’s emancipation is more interesting perhaps than the story of that emancipation itself.
    Virginia Woolf (1882–1941)