Here I would love to share some Interesting facts about "Future scope of Network Marketing in India".
The recent crash in the economy is one of the major reasons that more and more people are opting for MLM business.
As far as developing countries like India is concerned its people are open to the concept of MLM and want to be a part of it. The present scenario of the MLM in India looks to be promising.
As far as developing countries like India is concerned its people are open to the concept of MLM and want to be a part of it. The present scenario of the MLM in India looks to be promising.
See what FICCI and KPMG report says about Network Marketing,
"Direct Selling Industry may touch INR 645 Billion in 2025, the
growth is expected to be drive by the rising share of middle income households,
urbanisation and lifestyle changes and the ever increasing reach of the Direct
Selling Industry."
Source: https://assets.kpmg.com/content/dam/kpmg/in/pdf/2016/12/Direct-2016.pdf
As compared to other developing countries there is less acceptance of network marketing in India. One of the main reasons for this is that there had been many scams in India in the name of MLM. There are many companies that have run with the hard earned money of people.
The worst part is that law enforcement related to network marketing was lacking in India which makes the situation even worse but the Scene is very different now, government's work over network marketing in last years is very appreciable,
now we have proper guidelines for the MLM companies that was released in 2016.
So the fact is that if you are looking to venture into a MLM business in India you have a great future ahead.
Surprisingly it is not the products, compensation plan or the company which plays an important role in the creation of the MLM business but it is the people.
The people, the prospects and the distributors are considered to be the most important commodity in MLM business. This is because we will always have a large number of products to market besides fantastic compensation plans but the fact is that it is the people that make the ultimate difference. The people are in fact the currency of your MLM concept.
It is good to know that the MLM business is free from recession and it is attracting large number of people who want to earn in multiple ways.
It is good to know that the MLM business is free from recession and it is attracting large number of people who want to earn in multiple ways.
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