MLM World : A Promising Future

Admin   |   19 August, 2020   |   947   |   3980

 
Multilevel marketing (MLM) is a strategy that some direct sales companies use to encourage existing distributors to recruit new distributors to develop sales of their products. It is also known as pyramid selling, network marketing, and referral marketing. 
Multilevel Marketing presents a business model in which consumers do not have to step in retail stores to buy their products. They can rather gain their receivables through the chain of consumers. It creates a job opportunity for anyone and everyone and with a high level of unemployment, it is a boon to the business sector. MLM also does not discriminate on your qualifications. A highly qualified businessman may be sitting on top of the chain and a day-to-day salesman may be working on a lower level, but at the end of the day, everyone's happy. 
Below have been listed the Top 10 MLM companies in India in 2020-
1. Mi Lifestyle Marketing Global Private Limited- This company has been around for quite some time now and is one of the best in its sector. Mi Lifestyle Marketing deals in the range of quality lifestyle products for day to day living. Thanks to the increasing dominance of direct selling Mi Lifestyle Marketing has reached a lot of individuals and provided them with job opportunities.
2. Amway- Amway is the largest direct-selling company and the pioneer of MLM. Amway started its business in direct selling in 1959.
3. Herbalife- Herbalife has been in business since 1980 and has 2.3 million individuals and companies associated with them in over 90 countries.  Herbalife works on nutrition and its products aim to provide a healthy and active lifestyle.
4. Forever Living Products- FLP started in 1978 and is the biggest manufacturer and distributor of aloe vera products in the world. FLP follows a commitment of quality and purity and aims to make everyone around the world feel and look better.
5. Vestige- Vestige is the fasting growing direct selling company in the country. Initially starting with only 2 offices, it now boasts of over a 100+ office branches and 4500+ distributor centres.
6. Naswiz Retails- This company provides a diversified range of products on its website ranging from footwear, fashion accessories, personal care, health care and also men and women fashion products. A very handsome commission is offered by the company to its distributors to any sale they make which keeps the distributors motivated. 
7. GLAZE- Founded in the year 2003, Glaze tradings works towards enhancing consumer satisfaction enriching the lives of the customers associated with the company. 
8. SafeShop- The main work of SafeShop is focussed on 6 fronts, namely- education, health and beauty, fashion, technology, men and women garment and home lifestyle. 
9. Modicare- Modicare started with a single centre in 1996 with only 7 products. Now it has grown with a presence of over 40 centres pan-India with a presence in over 2700 cities in the country. Modicare deals in personal care, health care, agriculture, nutrition and foods and beverages. 
10. International Marketing Corporation Pvt. Ltd- IMC deals in world-class health care products. It started its business in 2007. The company had a turnover of 400 crores in the 2018-2019 financial year.