What is the difference between network marketing and private franchising?

Question by : What is the difference between network marketing and private franchising?
I’ve heard of both but private franchising sounds vaguer than network marketing. Any thoughts?

Best answer:

Answer by sanshy
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.

What do you think? Answer below!