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:

    Philosophy of science without history of science is empty; history of science without philosophy of science is blind.
    Imre Lakatos (1922–1974)

    No event in American history is more misunderstood than the Vietnam War. It was misreported then, and it is misremembered now.
    Richard M. Nixon (b. 1913)

    Yet poetry, though the last and finest result, is a natural fruit. As naturally as the oak bears an acorn, and the vine a gourd, man bears a poem, either spoken or done. It is the chief and most memorable success, for history is but a prose narrative of poetic deeds.
    Henry David Thoreau (1817–1862)