Her husband had the same doubt when they were having the discussion about it. *, 46% of Americans would welcome contact from direct sellers regarding business opportunities on social media.*. The top MLM … Companies can use the stats and customer suggestions to pull out the magnet and thereby acquire more customers. Online campaigns, co-branding, point of purchase (POP) marketing etc. The numbers also suggest motivation among people who choose direct selling as a profession. Not only the selling process is simplified, but also the sellers are able to get more insights about the customer behaviour and their preferences to a greater extent. Let’s focus on network marketing profession and statistics. *, 67% are inclined to the personalized service that direct sellers provide. First and foremost, it is important to recognize how well the business is established around the globe and the gross revenue generated each year to put your foot down better in your line of work. 8,493 new home-based businesses start every day in the USA. Sales figures are expressed at Estimated Retail level and exclude Value Added Tax. 25% achieves the desired profit they planned for while joining the business. About 75% of the customer/direct sellers are women and 25% are men. Right from the time direct selling flourished, most of the marketing part was done offline through word-of-mouth. The reason behind it is that the article is written purely based on facts and statistics, and have omitted any data that doesn’t have an accurate basement to stand for. 10 Most Important Influencer Marketing Statistics for 2020. It was to demonstrate what are the consumer trends in the market and how customers around the world felt about direct products. Different age groups have different levels of criteria that make them pick a product from different available brands. The following statistics showcase the current as well as the forecasted growth of the network marketing industry in the world: The method of promoting and selling products by communicating with people has been around for ages. Over 6,400 salespeople work for Avon product selling alone in the US regions. Almost every home has at least one product or received a service from the network marketing industry. 58% 58% of the affiliate purchases was made on a mobile device in 2018. In traditional business as seen above, products are South Korea is also among the top countries to witness stimulating growth in the direct selling industry. The three countries bring in close to $90 billion in revenue. 35% of people find the industry as a short-term income and get motivated to become a direct seller whereas 29% of people stay long in this position. Not to mention, face-to-face meeting is vital to establish a strong relationship with your distributors as well as customers. Germany and Japan hold 4th and 5th positions in the list with $17.4 billion and $15.6 billion respectively. In today’s post, I want to write what I consider to be the status of the network marketing Industry as of 2021. Come, let's dive in! 50 new direct selling companies entered the 100 million club in 2019. MLM Business Sales Statistics (Source) 2. Network Marketing Doesn’t Work According to the Direct Selling Association, the direct sales industry, of which network marketing is a part of, grossed $35.4 billion in sales in the United States in … The initial investment or capital required for promoting your products via a network marketing business model is significantly low. The subscription can be made for two weeks interval, a month or more and is subjected to alter. These companies started out with just a handful of promoters. With that consistent increase in audience, email continues to be one of the most productive advertising mediums. Epixel MLM Software anchored 200+ network marketing companies to success through their business process automation in more than 88 countries. 2. With its initial success in the West, especially in the US, network marketing soared to new heights as a top-grossing business vertical. After all, the meaning and the goal of this business model is to sell products and if the product selling is not the goal then you have to take a close on it as it falls under illegal pyramid schemes. Again, the phrase “network marketing industry” gives you the wrong perspective when you’re looking at the profession. Direct selling is one of those industries that could turn the crisis into opportunity. The average conversion rate in Google Ads across all industries is 3.75% on the search network and 0.77% on the display network. Avon makes the third position among the top MLM companies list with a revenue of 4.76 billion USD in 2019. Amway has employed 3,000,000 distributors with average revenue of $2,800 per distributor. In 2019-20, wellness products shared 35.6% of sales contribution globally. By continuing you consent to our privacy policy. The final entity or the important step in this ladder is the ‘entrepreneurs’. 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. The turn is now yours. Regional network marketing statistics 2017 worldwide industry sales were $189.6 billion—up 1.6% (adjusted to 2017 USD). Clara very well understands how the trade goes on around the globe. However, there are more things you have learned before we help you come up with a solution. This website uses browser cookies to improve user experience and analyse website traffic but never stores any sensitive information. Some of the key countries witnessing the success of network marketing include – US, UK, China, Canada, India, Germany, South Korea, Brazil, and Japan, among others. 118.4 million people worked as individual representatives in 2018, a growth rate of 1.6% when compared to 2017 stats. Google Chrome recently announced that their built-in ad blocker will go global on July 9, 2019. Is that necessary? A few days later, in a casual talk, Clara’s husband, Michael, who works in the accounts department of a pharmaceutical company, told her about how the pandemic has increased their sales and how increasingly people are being concerned about their immunity and health. With its help, direct sellers are successfully hosting online parties and knowledge transfer meetings, to keep the community together strongly. The second-largest ecommerce market in the world … In 2020, network marketing businesses from around the world are slated to bring in an estimated US$ 200 million every day. 36.6 million customers have bought products/services from the network marketing model. China is the largest marketplace for … Would you love to work with greater flexibility even after the retirement period? Throughout the world, there are approximately 50 million network marketing distributors. I also noticed that some people were interested in knowing how many people became a millionaire; the network marketing millionaire statistics. *, Direct selling requires only a minimal start-up cost of $82.50 when compared to other industries.*. In such a context, if we evaluate the direct selling industry, things are pretty different. Somewhere in the world, a new home-based business kick starts every 10 seconds. Direct selling companies who have DSA membership follows the DSA code of ethics and offer 90% buyback on starter-kit distributors purchase. Based on the above stats, it is but obvious that as an industry, network marketing will have a great future. 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. Wasn’t it prodigious to know that like any other industries in the world, direct selling too has companies that generate billions of dollars every year, and that the competition among them is pretty tight? It reached 100 points in November 2015. Be unique with a new plan that can revolutionize and make an impact in the world market! Many people are not able to believe that network marketing works. To enforce this without any flaws, companies are moving to virtual back-office platforms, which integrates all essential features needed to run a company as if it was running offline. (Google, 2019) Worldwide display advertising is expected to grow by 18.5 percent in 2021. Now the plan is fixed. In 2018, Amway has made 2.3% growth in terms of annual revenue compared to that of 2017 revenue. While the pitch varies from company to company, it basically … 91% of GenZers are interested in flexible income earning opportunities. SMEs are preferring the distribution of their goods through network marketing companies, primarily due to low investment and comparatively high returns. That's why it's critical that your business stays up to date with new developments in the industry — … List of Top 100 MLM Earners 2020, Top 5 Network Marketing Companies for the Year 2017 In India, Key To Success In Network Marketing In 2021, Importance of Selecting the Right MLM Plans in Direct Selling, Top 5 Fastest Growing Network Marketing Companies in 2021, Lessons From The Lockdown 2020 – Direct Selling Industry. To clear up this concern, we have put together some stats and insights on the distributors in direct sales. At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity. 23% of the direct sales consumers belong to the age group 55 and above. One thing that needs immediate attention is which companies are already established in this field, and how well they sell the products. Product consistency needs to maintain throughout their existence and customer fulfillment is a major battle to compact around. There are several countries that welcome foreign investors in boosting the growth of MLM companies. … 39% of the people stopped being a part of the network marketing business and the reason behind the decision is to stop pitching directly to family and friends. Recent joinees in direct selling alone amounts to 60.5 million. The best thing about being a distributor for an MLM company is that they can work remotely with their own schedule. Full-time distributors earn an annual increment of $300. About 10% of distributors earn over $100 a week through their marketing efforts and skills. 25% among the direct sellers were from the age group 45-54. The world is moving to a new normal. So, if you were Clara, who is to set out a direct selling business to accomplish both professional and financial freedom, what probable data and statistics would you be looking into? In 2020 and beyond, the network marketing industry is slated to remain one of the highest-earning industries in the global economic diaspora. 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. 63.5% of direct selling companies use person to person selling methods and find it beneficial. Basically, they sell a box of nutritious snacks with various combinations with a view of making people love healthy food. Clara, being a homemaker, always had thought about supporting her family by earning an extra income while she keeps all her routine works together. The Asia-Pacific region is the fastest growing ecommerce region in the world. In late 2017 a study was performed by Mckinsey Global … Graze boxes were sold using both offline and online strategies, they kept pushing the limits using different marketing channels. From the available resources and references, we have found out a count of about 80,000 boxes have been sold over a period of 6 months. Instead, sellers are now more focused on branding their company online by putting their time and effort into digital marketing. In 2016, 31% of consumers find direct selling highly favorable in the USA. This helps the industry attain sustainable growth. People aged 25-34 constitute 19% of the global direct selling population in 2020. Clara has started her journey to top the list with her masterful network of distributors. The Google Display Network reaches 90 percent of internet users worldwide. Mr. David McConnell recruited Mrs. P.F.E Albee as his first woman sales representative, first in history. Graze as a network marketing model is entirely different from what they offer on their website. Southwestern publishing house is considered as the oldest direct selling company launched way back in 1855. Overall, the network marketing industry will witness top-notch growth in the years to come. Referral marketing goes side-by-side linked with network marketing/direct marketing. I love this type (...), Thank you for these informative blogs! Online sales also helps in expanding the customer base without any geographical boundaries, which offers a great opportunity for business expansion as well. 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. 5.1 million people found entrepreneurship opportunities in the direct selling industry. When the talent unites with flexible timings, good understanding, and other aspects, companies hire or employ couples as their distributors. The best time is NOW!!. According 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. This comes as no surprise, as up to 70% of internet traffic comes from mobile devices and 39% … The successful implementation of work from home scheme has made companies rethink the need for an expensive office space, since most of the companies could get their work done in WFH method with a great reduction in running costs. According to the surveys, 25% of participants made money through network marketing. The company may have founded way back in the mid-’80s or after 2016 but if they have a good team with experience and talent then growth and brand recognition will be reflected easily in the sales revenue. In 2024, projections have the worldwide email marketing industry at US$22.16 billion from US$4.51 billion in 2016. The sales change in these countries in constant 2019 is China-2%, U.S-1.3%, Korea-2.4%, Germany & Japan-0.2% (in the order of retails sales value list). Now that Clara knows the industry she has chosen has the potential to make such amounts of money, any thoughts on what should be the next thing to scrutinize? 48% joined as a direct seller with a goal for long-term supplemental income and 54% continued as a direct seller. Foodstuff and beverages makes an annual contribution of 3.1%. Network Marketing Company List. Since it has become difficult to carry out the same selling process now, more and more direct sellers are moving to the online platforms to set up their virtual stores. Majority still have not been able to recover it by even 50% of the pre-covid times. Millions of brands are becoming actively ready to partner with network marketing companies. The strategy is only provided in network marketing and not for a direct customer who enters the website and makes a regular order. Growing diversity in product portfolios and increasing participation of self-employed marketing professionals have driven the industry’s growth to date. The next one with a half-price and again a free-bee! Now, if you check out the below stats and consider the above innovative idea, one important thing that lays a foundation will be the years of experience and out-of-the-box thinking. It's quite obvious from the above statistics that direct selling is a booming business and helps people earn a substantial amount of income. *, 79% of Americans consider direct selling as an attractive option for entrepreneurial opportunities. Hearing this, Clara, who was already in search of a product to kickstart her direct selling business, now knew what it should be. It’s a profession. Clara is now all set with the list of pals from her friends circle to initiate sales pitching !!. Even so, the future of the network marketing industry looks promising. To answer this concern at first place, she needs to know about how good her choice of product is doing in the market. The MLM company to hit the maximum points with peak popularity is Avon. The success of a direct selling company relies on its distributors and it’s a plain fact that they make a major contribution towards it. 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