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Q.

How do you view the Network Marketing and MLM-direct selling industry ? Do you think it is wise to spend a couple of years building it full-time or part- time, investing your time, money and other resources ?

Asked by LEAD INSTITUTE, 17 Feb '07 10:55 am
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Answers (2)

1.

In INDIA its AMWAY at no 1 with turnover of Rs 900 crores in sept 2008 in INDIA and globally its turnover is usd 7.1 billion and it has 600 PATENTS on its own 450 products and according to WHO and EURO MONITOR and READER DIGEST this NUTRILITE [health section of AMWAY] is no 1 globally with turnover of usd 3.3 billion and according to FORBES this AMWAY is no 1 with the ranking of http://www.forbes.com/lists/2008/21/privates08_Alticor_B15 P.html and Mr Rich Devos co founder of AMWAY also owns NBA franchise ORLANDO MAGIC whose ranking is as follows http://www.forbes.com/lists/2008/32/nba08_Orlando-M agic_324583.html NUTRILITE also sponsor AC MILAN and its player Mr Ronaldinho and NUTRILITE also sponsors some athletes like Mr Liu Xiang/Mr Apasa Powell/Ms Sania Richards and one Australian cricket player For right information about click http://www.thetruthaboutamway.com Its cosmetics brand ARTISTRY is in top 5 and Ms Sandra Bullocks actress endorses this brand AMWAY also has 2 hotels and on ...more
Answered by pawan bhalla, 13 Jan '09 02:32 pm

 
  
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2.

Its easy to give a politically correct answer to your question. the answer is, if you have the drive in you, its a good biz to get in. but so i guess is the case with every biz.

see mlm is a biz that essentially sustains itself on two legs - networking n selling. while selling gives you some profit n some pocket money (maybe petrol for you car every month), its networking where the chunk of money resides. the problem however, is that with so many 'binary' plans galore in the market, the credibility of mlm has hit an all time low, n that has made networking a daunting task.

when mlm came to india, back in 1998, private insurance was the twin runner. but while insurance has somewhat managed a foothold n doing fine, mlm is still a dicey proposal. oriflame is dwindled, amway has stagnated, modicare too, hlnet is showing downward trend... only avon is doing ok, but that too because this company stresses on selling, not on team building.

finally, standing now at 2007, it is not ...more
Answered by arindam mukherjee, 20 Feb '07 12:29 pm

 
  
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