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Multi-level marketing - Multi-level marketing (MLM) (also called network marketing (NM)) is a business model which utilizes a combination of direct marketing and franchising. Typically, individuals become associated with a parent company in an independent contractor relationship.

Value network - Value networks (value webs), are the human and technical resources in a business that work together to form relationships and add value to a product or service. Included in a company’s value network are research, development, design, production, marketing, sales, and distribution.

Network marketing - The term network marketing is used in two ways. In popular usage it is a synonym for multi-level marketing and often mistakenly considered the same as a pyramid scheme.

Business opportunity - A business opportunity, or biz-opp, involves the sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business.

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