What is the difference between network marketing and private franchising?
March 8th, 2010 | by admin |I’ve heard of both but private franchising sounds vaguer than network marketing. Any thoughts?
To understand this you’d need to understand 3 terms buddy:
Network marketing: A relatively evolved mechanism of MLM involving various network structuring strategies (not just a binary or matrix model) and modular constructs for leadership development and independent business ownership.
Franchising: This is where individual franchise owners partner with manufacturers/service providers to follow a duplicatible system to enhance product penetration in the marketplace.
Private franchising: This combines the empowerment model of independent business owners in network marketing with the systemic cookie-cutter approach of franchising.
Hope it helps.
One Response to “What is the difference between network marketing and private franchising?”
By sanshy on Mar 8, 2010 | Reply
To understand this you’d need to understand 3 terms buddy:
Network marketing: A relatively evolved mechanism of MLM involving various network structuring strategies (not just a binary or matrix model) and modular constructs for leadership development and independent business ownership.
Franchising: This is where individual franchise owners partner with manufacturers/service providers to follow a duplicatible system to enhance product penetration in the marketplace.
Private franchising: This combines the empowerment model of independent business owners in network marketing with the systemic cookie-cutter approach of franchising.
Hope it helps.
References :
http://createweath.com