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. Annually, every network marketing professional gets an average earning increment of $300īy working full-time, an individual is earning more in network marketing than in other marketing vertical. Products will be manufactured at a low cost, which will increase the scope of profits on their selling prices. This staggering number is supported by the increasing cut-offs and commissions paid to distributors and direct sellers. In 2020, network marketing businesses from around the world are slated to bring in an estimated US$ 200 million every day. By 2020-end, the global network marketing industry is set to touch US$ 200 billion mark Growing diversity in product portfolios and increasing participation of self-employed marketing professionals have driven the industry’s growth to date. In 2019, the global network market industry was valued at US$ 167 billionĪccording to leading international trade reports, it has been estimated that the overall valuation of the network marketing industry had surpassed US$ 150 billion by the third quarter of 2019. As a result, the profit margin increases, and companies can stay profitable with the MLM approach. In addition to this, technological adoption and network marketing software have made these businesses more cost-effective. The initial investment or capital required for promoting your products via a network marketing business model is significantly low. Promoting through MLM activities is more profitable Some of the key countries witnessing the success of network marketing include – US, UK, China, Canada, India, Germany, South Korea, Brazil, and Japan, among others. Network marketing is prevalent on all continents and is widely operated in developing and developed countries. The flexible operability of MLM businesses makes their entry into international trade a lot easy. There is no strict law that bans an MLM company from operating in any country in the world. Network marketing companies are operating successfully in over 100 countriesĭue to its success rate, almost every country welcomes the network marketing business model. 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. It is one of the most trusted ways of generating customer base. The method of promoting and selling products by communicating with people has been around for ages. Network marketing or direct selling is one of the oldest business models. The following statistics showcase the current as well as the forecasted growth of the network marketing industry in the world: 1. SMEs are preferring the distribution of their goods through network marketing companies, primarily due to low investment and comparatively high returns. With the success stories piling up, more companies are becoming involved with the network marketing business model. Network Marketing – Top 10 Industry Statistics for 2020 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. In 2020 and beyond, the network marketing industry is slated to remain one of the highest-earning industries in the global economic diaspora. 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. Millions of brands are becoming actively ready to partner with network marketing companies. There are thousands of direct selling enterprises that are striving hard to reach those exceptional sales figures. 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.Įven so, the future of the network marketing industry looks promising. In the past decade, however, the business of network marketing has faced considerable flak from the public and the regulatory institutions. Today, when we look at the facts and figures put forth by leading MLM companies, it surprises us to see the kind of revenue that network marketing businesses are making. With its initial success in the West, especially in the US, network marketing soared to new heights as a top-grossing business vertical. Multi-level marketing (MLM) or network marketing is a popular business model in several parts of the world.
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