Multi-level marketing has been around for almost a century. Starting in the US in the 1920s, this marketing strategy braved the changing times in various industries, adopting different names, and even adapting to the new technologies like Bitcoin.
Fast forward to the 21st century, multi-level marketing still functions how it initially did. It requires its members to recruit other potential distributors to sell the products, from which a portion of the profits will go to the recruiter and the company. Known as the ‘downline,’ the new distributors are also encouraged to invite new affiliates to join the system, thereby creating a hierarchy of members.
However, several controversies plagued this marketing strategy, and one of the major criticisms thrown at it is the likelihood for multi-level marketing companies to be pyramid schemes. Hence, many view multi-level marketing in a negative light.
Multi-level marketing in its benefits
Despite the flak it drew over time, it continues to thrive and many people still join businesses that work on this setup. Members of multi-level marketing businesses reap the benefits of their membership of the network, even though the company or the business per se receives the bulk of this strategy’s advantages.
For instance, quality products will always have a fair share of demand from the consumers, and this eases the duty of distributors in selling their merchandise and in attracting potential members to complete their downline.
Moreover, there are no limitations with the people who can be tapped since anyone is welcome to this marketing system. With enough affiliates under, older members will climb up the ladder and receive higher commissions without exerting more effort.
This becomes even more attractive when the profits earned are in Bitcoin.
Bitcoin and the century-old marketing strategy
Bitcoin multi-level marketing is among the latest trends that are still left untapped by the masses. Maintaining the core functions and features of the strategy, it receives an upgrade—in a sense—with the fusion of the digital currency. This, therefore, makes the marketing experience more advanced and convenience. However, this also presents a challenge.
Unlike investing in Bitcoin forex, multi-level marketing requires members to build their network of affiliates. More often than not, completing one’s down chain is already challenging, especially when the market tends to be hesitant toward the idea of direct selling, networking, or affiliate marketing. Convincing other to join to earn Bitcoin is another hurdle due to the public’s seemingly lack of knowledge and understanding of cryptocurrency. Regardless, there is a future in Bitcoin multi-level marketing since businesses like 2343btc aim to prove.
Bitcoin multi-level marketing sites on the rise
There have been many names surfacing since the rise of Bitcoin multi-level marketing, but 2343btc stands out and proves to be one of the better platforms on the market.
It retains the pyramid structure of the network and requires members to pay 0.6 BTC for five levels, totaling to 3 BTC. According to its business plan, this 3 BTC can grow exponentially to 2,343 BTC. Five members are needed to complete the first level of downline, with even one affiliate on the first level yielding a 468 BTC profit.
Although this is the first business to bear such nature, 2343btc requires everyone interested to join to obtain a form through a friend in the network, Internet forums, or by emailing the site directly. An example of a form code is 311 GGR 311, which can be used to explore the nature of this website.
Bitcoin multi-level marketing may still be in its infancy, but this innovative marketing strategy may bear fruits not too long from today.