In India, about 5.1 million people are involved in the direct selling business which is nearly double that of the past 7 years, says global CEO, Qnet. Stop waiting for the right time. The best time is NOW!!. To sustain long for the present and future, a direct selling or MLM company must consider this fact as too many home-based business kicks start every year. 1. Except as footnoted, figures for sales and independent representatives are based on the entire industry. Proper use of every marketing channel, consistently engaging with the customers is the key! Several direct selling companies, who were emerging successful, were compelled to be shut down due to the growing misrepresentation of this business model as a pyramid scheme. Their motive and business model was perfect and offered stable growth. One thing that needs immediate attention is which companies are already established in this field, and how well they sell the products. The New Normal in the Direct Selling Industry. Statistics, facts, data and insights from the Direct Selling Association regarding the direct selling industry. There are thousands of direct selling enterprises that are striving hard to reach those exceptional sales figures. Product portfolios are being revamped, and the industry is also witnessing a strong uptake owing to the integration of social media and online marketing technologies. The following statistics will help you learn more about the fact & figures about network marketing industry.If not about whether you believe it or not, but the truth is network marketing industry … Would you love to work with greater flexibility even after the retirement period? *, 67% are inclined to the personalized service that direct sellers provide. Many people are not able to believe that network marketing works. Nowadays, it is the … PPC. 3.9% of annual sales comes from financial services. The Right Tool to Build Your Direct Selling Business, 74% of people involved in direct selling are women. In times when there was no technology or an omnipresent mode of communication, entrepreneurs used to conduct marketing activities by spreading the word, asking help from others, appointing people as promoters, etc. 44.2 million people find it interesting to consider direct selling as a part-time career option. In 2019-20, wellness products shared 35.6% of sales contribution globally. To give more insights to her partners, and to help them in their journey along with her towards developing a successful business, she was also ready with some important data. MLM Business Sales Statistics (Source) 2. The statistics showcase the excellent potential for individuals to earn through this business model. There are many single-level marketing companies—selling products without a recruiting component—where the likelihood of generating income is much higher than typical MLM statistics. Sales figures are expressed at Estimated Retail level and exclude Value Added Tax. It was to demonstrate what are the consumer trends in the market and how customers around the world felt about direct products. Well, we are here with some useful insights to help Clara out with her journey in building a successful network. Among the list, 13.2% of couples in the list belong to Herbalife and Jeunesse. Aerus LLC, founded in 1924 has employed 5,000 distributors with average revenue of $60,000 per distributor. You should know three things upfront. 27.9% of direct selling companies prefer party plans, 7.5% prefer direct orders as their business models. A study can be made to find the cause and how to overrule it as a perfect solution which remains stable for the future. Start building your Network Marketing business with brand new Epixel MLM Software®. With over $1.935 trillion in ecommerce sales, China was the biggest ecommerce market in the world in 2019. Affiliate marketing is a global industry worth well over $12 billion. Startups and entrepreneurs can make use of this opportunity to promote their business by focusing more on couple distributors. Implies the opportunity direct selling provides. Even so, the future of the network marketing industry looks promising. Clara is now all set with the list of pals from her friends circle to initiate sales pitching !!. Consumers are those end-users who ultimately use the products and remark their opinion at least in mind. As the COVID-19 pandemic spread over the world, so did the worries about job security among the employees working in major industries. While the pitch varies from company to company, it basically … The success of a business is once all such age groups together choose your brand. Here, we’re providing you with one of the direct selling companies who integrated innovative ways to improve the business using this particular business model. China, US, and South Korea are the top markets. However, there are more things you have learned before we help you come up with a solution. Due to its success rate, almost every country welcomes the network marketing business model. The best thing about being a distributor for an MLM company is that they can work remotely with their own schedule. The success rate of MLM companies has gone up to 80% from 25% in the past five years. Her husband had the same doubt when they were having the discussion about it. Most of such talks happened during social gatherings and similar occasions. Men and women, together as a couple have the ability to acquire leads of both genders. Here are some of the key industry statistics associated with network marketing, reflecting its growth in the past year and predicting its rise in this year. Since there is no limit to the number of people recruited in a network, these professionals can take the extra efforts to expand their networks beyond the conventions. Influencer marketing is gaining more traction and investment than ever before. are some of the strategies commonly deployed. *, U.S. consumers have positive perceptions towards direct selling and this has remained stable over the past 10 years. Most of the direct products were sold offline, since it was comparatively easy to demonstrate the product and also to have a one-on-one conversation with the customer. The below table lists the top 10 earners in the network marketing industry along with their company and income details. In 2020, 7% among the overall direct sellers is aged 18-24. Thanks to the advanced online meeting facilities available in today's tech world, it has been able to simulate a real experience with extra ordinary audio and video qualities. With the influence of AI in consumer behavior analysis, the network marketing activities are also likely to be modernized in the near future. (eMarketer) Advertisers increased … Hearing this, Clara, who was already in search of a product to kickstart her direct selling business, now knew what it should be. In 2019, Amway makes an annual revenue of about 8.4 billion USD and holds the #1 position in the top direct selling company list. Here are staggering network marketing statistics. Not to mention, face-to-face meeting is vital to establish a strong relationship with your … (Google, 2019) Worldwide display advertising is expected to grow by 18.5 percent in 2021. Online campaigns, co-branding, point of purchase (POP) marketing etc. Face-to-face meetings v/s Online meetings. *, Direct selling requires only a minimal start-up cost of $82.50 when compared to other industries.*. Products will be manufactured at a low cost, which will increase the scope of profits on their selling prices. Online sales also helps in expanding the customer base without any geographical boundaries, which offers a great opportunity for business expansion as well. The industry proves worth enough, the numbers in terms of distributors as well as the revenue suggests it strongly. Impressive! Direct selling companies who have DSA membership follows the DSA code of ethics and offer 90% buyback on starter-kit distributors purchase. 99% of direct sellers are high school graduates, and 52% among them are degree holders or college graduates. dsa.org wfdsa.org ipsos.com businessforhome.org directsellingnews.com *DSA 2020 Consumer Attitudes and Entrepreneurship Study conducted by Ipsos. 15% of the digital media industry's revenue is accounted for from affiliate marketing. Global Statistics. Direct selling in Canada shows a 1.5% growth for the past 5 years (2015-2020). *, 69% find supporting small businesses as an appealing attribute of direct selling. To clear up this concern, we have put together some stats and insights on the distributors in direct sales. As mentioned earlier, the first box is half price and for that, the customer has to fill up the details and then subscribe to the graze box. This is significant because you get an idea about how much each company that endows a particular product earns and also, to see whether a company that sells a product similar to yours is performing well or not. Even though 74% of people involved in direct selling belong to women, there is something missing from their side. *, 79% of Americans consider direct selling as an attractive option for entrepreneurial opportunities. The flexible operability of MLM businesses makes their entry into international trade a lot easy. (Updated list - 2021), Top 100 MLM Companies for 2021! When we considered the top 100 earners in the direct selling industry, we have found an interesting fact - Couples earn a high volume of money. Launched into the world of yummy and healthy food manufacturing in 2009, the success rate of the “graze box” went up in no time. In 2016, 31% of consumers find direct selling highly favorable in the USA. Direct selling has been and will always be the best platform to do business for your products and take in as a business model for marketing them to consumers. Overall, the network marketing industry will witness top-notch growth in the years to come. Not to mention, face-to-face meeting is vital to establish a strong relationship with your distributors as well as customers. Like Clara, Many people around the globe have successfully emerged as a direct selling entrepreneur. They made a success story by their own effort, do you have similar innovative plans to make your marketing ideas work out well? In the past decade, however, the business of network marketing has faced considerable flak from the public and the regulatory institutions. Since this method has been able to gratify customers, it is one of the reason why direct selling is able to withstand the covid-19 crisis. SMEs are preferring the distribution of their goods through network marketing companies, primarily due to low investment and comparatively high returns. The Google Display Network reaches 90 percent of internet users worldwide. In such a context, if we evaluate the direct selling industry, things are pretty different. … Amidst the COVID-19 pandemic all over the world, it is hard to differentiate an opportunity from threats, as every bit of the world borders on every single situation with fear these days. Implies the ease with which direct selling can be initiated. Among the products, there exist many categories and direct selling is the best available business model to reach them to the end-users, i.e the consumers and then the customer-distributor conversion that helps product selling companies to make products distributorship revenue. 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