nitinmadan

[nitinmadan]

Direct Selling Facts We All Should Know!

The Global Direct Selling Market was estimated to be valued at $200.14 Billion in 2022. It is expected to reach USD 328.26 billion by 2030, registering a CAGR of 6.4% from 2023 to 2030.

US has emerged as the top direct selling market accounting for 23 per cent of the total sales with USD 42.67 billion retail sales, said WFDSA report.

It was followed by South Korea and Germany, both contributing equally 10 per cent of the total global sales with around USD 19 billion sales from direct retail.

Indian direct selling industry grew 7.7 per cent in the pandemic impacted FY21 to cross the Rs 18,000 crore mark for the first time, which is an increase of Rs 1,291 crore over Rs 16,776 crore in FY20

Driven by increasing share of middle income households and potential of increasing penetration, the direct selling market in India has the potential to reach INR 645 billion by 2025.

As per the report by World Federation of Direct Selling Associations (WFDSA), the direct selling industry growth in India has an estimated 53 percent of female entrepreneurs. While most sectors in India are struggling to increase the participation of women.

Unlike other businesses, in the direct selling business, only a minimal cost is involved to enter. Companies involved in direct selling business bear the risk of the investment but share the revenues when it comes to marketing.

The total number of active direct sellers in FY21 grew 6.32 per cent to 7.9 million against 7.4 million in FY2019-20

According to the latest report, growth of direct selling industry is majorly driven by wellness, cosmetics and personnel care segments.

Wellness as a category accounted for 57.8 per cent of the total direct selling business, followed by cosmetics and personal care products at 8.2 per cent.

South India is the largest market for direct selling followed by the northern region which has witnessed a high y-o-y growth rate of 33 per cent.

Direct selling companies have also contributed towards economic development by investing in manufacturing and R&D.

All in all It is a Billion Dollar Business Opportunity For Billion Dollar People

Stay Tuned for more updates and articles!

#networkmarketing #directselling #business #entrepreneurship #Business Opportunity #direct selling in india #direct selling future #direct selling company #direct selling industry

[nitinmadan]

Turn your Influence into Financial Freedom

Did you know that you can use your own Influence into Financial Freedom! That's Too without worrying about

Huge Investment Manpower Cost GST and Other Tax Compliances Competitor's Aggressive Marketing Strategies Huge Discounts offered by competitors Launch of New and Innovative Products

Various other factors that hold maximum people to opt of Entrepreneurship Dream

But beyond all this is your Vision & Influence that may bring Financial Freedom in your life.

You just need to explore how Word Of Mouth Is Shaping Business for many companies worldwide.

Direct selling is a business model in which a company utilizes person-to-person interactions to recommend products and team building using word of mouth. Typically, the process involves an independent user buying the goods from the parent company and  recruiting others to become company's product user. This process turns out to be a win win situation for both company and the users as network of users keep increasing without massive spend of marketing. 

The Global Direct Selling Market was estimated to be valued at $200.14 Billion in 2022. It is expected to reach USD 328.26 billion by 2030, registering a CAGR of 6.4% from 2023 to 2030. 

India has moved up to 11th position in the ranking of top markets of direct sellers, with retail sales of USD 3.23 billion (around Rs 26,852 crore) in 2022. global industry body WFDSA said in a report.

How Is Direct Selling Business Done?

1 - Users select the direct selling company and follow their signup / activation process 2 - They start using the products of the company 3 - They start recruiting people in their network as per the referral model of the same company.  4 - When everyone starts following the above 3 steps, this is the beginning point of your success. 

Influence more people to join and work with you to increase your monthly checks!

Not sure how much you can Earn and what will be your Network Size, if everyone starts recruiting 5-10-20-50 people?

Let's Maths do the projection for us basis the following assumptions - 

Everyone does face to face or video meetings with approx 50 to 60 people and get 10% active independent business owners (IBOs), below will be your expected team size

Level 1 - 5 Level 2 - 25 Level 3 - 125 Level 4 - 625 Level 5 - 2,125 Level 6 - 15,625

You can see how your team is growing when every one is recruiting just 5 people in their team while there is no cap on recruiting. 

Just a note that  around 114 million independent representatives were involved in the direct selling market worldwide by year 2022.

Considering such a phenomena, anyone can create a team size of 1 lakh 2 lakhs or even 5 lakhs in 1 - 2 - 3 or 5 years depending on efforts put in by each individuals. 

Still Not Convinced?

Let's assume anyone has the possibility of mere 1% success out of 18,530 people from above example:

First year team size = 185 only Second year team size = 185*185 = 34,225 Third year team size = 63,31,625 and so on.....

Hope you will be able to believe now that how we can build team of lakhs of users.

Since you have such a massive network of people, your Income will depend on the compensation plan of the company. 

Secret is We Earn more and more when our Network Grows more and More. Now it's your turn to use your Influence to Build Your Empire! #networkmarketing #directselling #business #entrepreneurship #Business Opportunity #direct selling in india #direct selling future #direct selling company #direct selling industry

[nitinmadan]

What is Network Marketing or Direct Selling? Network Marketing For a Company - Whether a company is selling any product, service or combination of both, acquiring users and retaining them demands huge marketing budgets. In today's digital world and high competition from other companies of the same domain, loyalty programs sometimes turn out to be ineffective and hence companies need to spend regularly for the marketing.

There is no doubt that companies like HUL, Dabur, Nestle, Apple, Amazon, Flipkart and thousands of other companies have become household names but still these companies continuously spend millions every year to showcase their old and new products and services. 

On the other hand, if the users of these companies become the promoter of their offerings! What will Happen? 

Companies may cut down their marketing spends and will be better positioned to achieve their Sales Targets!

Network Marketing For an Individual - 

Perhaps most of us want to start our own business but there are several factors that hold us back from starting any business. Some of the factors may be

1 - Unable to understand the type of business to start

2 - Huge startup cost

3 - Manpower Cost

4 - Company Formation and other Legal  / Tax compliance

5 - Other's bad business experience

6 - Long break even period

7 - Competitors

8 - Immediate regular income from a Job

9 - Time limitation

10 - Inventory & Supply Chain Management

There may be multiple reasons and may differ from person to person for not starting any business. But many of us keep planning to start a business some time in the near future. However, some are able to take the decision to start the business or some just get involved in their jobs and day to day life to end up holding their dream to start the business.

This is where the Direct Selling business opportunity comes into the limelight!

Key Benefits Of Direct Selling Business - 

1 - Time freedom

2 - Income Security

3 - Low Startup Cost

4 - Opportunity to expand the business worldwide

5 - No requirement of company formation and legal compliances

6 - Just Earn and pay Income Tax as per the IT slabs

7 - Increased Social Influence

8 - Being Rich and Famous

9 - Good Health

10 - High possibility of exponential growth in the business

Now let's see what is Direct Selling in simple terms - 

1 - Any individual above 18 years of age can start the business by meeting KYC and other eligibility requirements

2 - Users replace all the products with company's products

3 - Users start educating and recruiting others with their referral details

4 - When everyone in your team starts doing what you are doing becomes the First Step towards massive Success in your Direct Selling Business

This is all you need to do!

Isn't it crazy? Stay tuned for business strategy in my coming blog articles! #networkmarketing #directselling #business #entrepreneurship #Business Opportunity #direct selling in india #direct selling future #direct selling company #direct selling industry