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Top 10 Network Marketing Companies in India
Multi-level marketing (MLM), also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
The Federal Trade Commission issued new guidelines in 1979 that defined multilevel marketing companies as businesses with downline distributors who were paid commissions based on their retail sales to customers, rather than on recruitment of other participants. The structure of MLM businesses has changed over time. Originally they were subsistence organizations that relied primarily on personal relationships within communities to sell products. With modernization and increasing affluence in societies around the world during the 20th century, more people had disposable income and leisure time—which allowed them to be more selective about what they purchased and how they spent their free time—and many now look to purchases not just as survival but as symbols of status. Direct selling methods condition women customers to view bought goods not as something produced by other women but as a commodity representing success in modernity.
What is Network Marketing?
Network marketing is a type of business model in which a company sells products or services through a network of independent contractors, also known as "distributors." These distributors are not employees of the company; they are independent contractors who market and sell the company's products and services. Network marketing is also often referred to as "multi-level marketing" (MLM) or "direct selling."
Network marketing is a very attractive business model for many people because it offers the potential for unlimited income. Independent distributors can earn commissions on their own sales, as well as on the sales of other distributors they recruit into the network. The more people a distributor recruits, the larger their commission checks become.
However, network marketing is not without its risks. One major risk is that most people who join network marketing companies do not make any money. In fact, many people lose money. A study by the Federal Trade Commission found that 99% of all people who join MLM companies lose money!
With all this being said, here are the Top 10 Network Marketing Companies in India.
1) KRS Multipro
4. Mi Lifestyle Marketing Global Private Limited