Future of Network Marketing – MLM or Network Marketing is a growing industry in India and it gives a better market to sell their product. As you all know the Indian Market is a good platform for all the company because it has a huge number of consumers.
People love the direct selling concept because it is a medium which provides direct product to consumers without the help of a mediator. All Multi-Level Marketing company believe in passing the profit directly to their consumers. With the of this market strategy, we get any product below the market price. That’s why people show their interest towards the Network Marketing. There is no doubt the Future of Network Marketing & Direct Selling company is very great in the upcoming days.
According to Assocham data, direct selling business just doubled in the Year 2016 as a comparison to 2011. MLM company almost did Rs. 12620 Crore business in the year 2018 which will be further increased up to Rs. 15800 crore by the end of the year 2021. Network Marketing Company gives a chance to all individual to earn money by becoming a distributor or consultant. A distributor can also make money by direct selling the product at the wholesale price.
What is the Future of Network Marketing in India –
India is concerned its people are open to the concept of MLM and want to be a part of it. Many MLM companies successfully running in the Indian market. Most of the Network marketing company working on the same concept which is consumer satisfaction. Customer satisfaction plays an important role in a growth of any MLM company.
The Direct Selling industry’s contribution to the country introduced by the Government of India in the past two-three years. Network Marketing business is a key factor for digital India or Startup India mission. Direct Selling entities need for implementation of guidelines at the state level and also need relaxation under Foreign Direct Investment (‘FDI’) policy. To promote Network Marketing business and direct selling Indian Govt approved 100% FDI Policy. So we can say that the future of network marketing is very good in India and this sector will give lots of jobs opportunity. You can join any best MLM company to start extra income.
Network Marketing & Direct Selling Business Phase at Different Level –
Any MLM industry go through four phase to become a successful industry or enterprises and these are –
1. Negative Phase – It is an initial & starting stage of the network marketing business. When we put our Business Model in front of people and they don’t want to understand it. It is a basic or common problem which every MLM company face. So the first, thing which is very necessary is that people should trust in your business model or concept.
2. Positive Phase – It is a time when people show some interest in your business model or concept. Now it depends on your market strategy how can you divert them as a consumer.
3. Growth Phase – When people start believing on your business model then your industry will grow fast. It is the time when people want to invest in your business and want to work with you. So you have to maintain it by changing the market plan and strategy also.
4. Competition Phase – As you, all know every sector has tough competition with one another. Every industry wants to earn more profit but it is not so easy. Only those industries survive in this phase which has a different or unique concept. So if you want to stay in the market for a long time then work on your business techniques.
So that’s all about the future of Network Marketing in India and the career option in this industry. There is no doubt MLM business concept adopted worldwide in the upcoming days.