17. Opportunity Meeting: A recruiting rally or business briefing held by Multi-Level Marketing distributors for the purpose of presenting the opportunity to prospects.
18. Payout: The percentage of a company’s total revenue that it pays out to distributors in the form of commissions and bonuses.
19. Prospect: A potential customer or recruit.
20. Prospecting: The process of seeking customers or recruits for your network marketing/MLM business.
21. Personal Sales Volume: The volume of products that you personally sell in a given month.
22. Personal Volume: The volume of product that you buy at wholesale from the company in a given month.
23. Point Volume: An alternate term for bonus volume.
24. Recruit: A prospect who has agreed to join your downline as a distributor.
25. Renewal Fee: A yearly membership fee paid to an MLM company in order to maintain your status as a distributor.
26. Sifting & Sorting: The practice of quickly identifying the most promising prospects and focusing your recruiting efforts on them, while ignoring the rest.
27. Sponsor: A distributor in an MLM company who recruits and trains another distributor.
28. Stockpiling: The practice of buying and hoarding more products than you can possibly sell, usually in an attempt to meet excessive monthly quotas to qualify for commissions.
29. Unilevel: A type of compensation plan in which you must qualify for achievement levels, but in which people in your downline cannot break away.
30. Upline: All of the people above you in a network marketing company. Also an alternate term for Sponsor.
31. Warm Market: All potential prospects for your business whom you personally know, either because they are family members, friends or business associates.
32. Width: The number of people in a distributor’s frontline or the number of people allowed in a distributor’s frontline by the rules of the compensation plan.
33. Bonus Volume (BV): An alternate expression for Point Volume (PV) or Business Volume (BV).It is a value used by MLM companies to calculate commissions, based upon the wholesale price of the items for which commissions are being paid.
I sincerely hope this post has demystified some of the misconceptions you previously had about network marketing. See you at thetop!