SIC Code 8742-48 - Multi-Level Marketing
Marketing Level - SIC 6-DigitUse Data For:
- Direct Mailing
- Emailing
- Calling
- Research
Includes Free Sample & Industry Report
Total Companies
106100% Phone-Verified, NCOA Processed, Accurate Data
SIC Code 8742-48 Description (6-Digit)
Multi-Level Marketing (MLM) is a business model that involves recruiting individuals to become distributors of a company's products or services. These distributors then earn commissions on their own sales as well as the sales made by the people they recruit into the business. MLM is also known as network marketing, referral marketing, and direct selling.
The MLM industry has a hierarchical structure where distributors are organized into levels or tiers. Distributors at the top of the hierarchy are responsible for recruiting and training new distributors, while those at the bottom are responsible for selling the products or services to customers. MLM companies typically offer training and support to their distributors to help them succeed in the business.
MLM has been a controversial industry due to its resemblance to pyramid schemes, which are illegal. However, MLM companies operate legally by focusing on the sale of products or services rather than solely on recruiting new distributors.
Hierarchy Navigation for SIC 6-Digit Code 8742-48
Parent Code (less specific)
Tools
- Compensation plans
- Downline reports
- Lead generation software
- Social media marketing tools
- Sales tracking software
- Email marketing software
- Web conferencing software
- Product demonstration tools
- Customer relationship management (CRM) software
- Training materials and resources
Industry Examples of Multi-Level Marketing
- Health and wellness products
- Beauty and personal care products
- Home cleaning products
- Kitchenware and cookware
- Energy and utilities
- Financial services
- Travel and vacation packages
- Educational courses
- Clothing and accessories
- Food and beverage products
SIC Code 8742-48 - Multi-Level Marketing
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