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The turn is now yours. Next it is to integrate the vital part of your business into your plan. The industry proves worth enough, the numbers in terms of distributors as well as the revenue suggests it strongly. Right from the time direct selling flourished, most of the marketing part was done offline through word-of-mouth. Avon steals the trending deal out of every competitor's trend volume. Recent joinees in direct selling alone amounts to 60.5 million. Even when one gets off from the graze subscription they come up with new offers to retain them. 91% of GenZers are interested in flexible income earning opportunities. South Korea is also among the top countries to witness stimulating growth in the direct selling industry. Impressive! The strategy is only provided in network marketing and not for a direct customer who enters the website and makes a regular order. The time at which she entered the industry and her choice of product elevated professional growth. The below insights are generated from 2015 to the present day of companies Amway, Herbalife, Avon, Vorwerk, and Infinitus based on worldwide search popularity. By working full-time, an individual is earning more in network marketing than in other marketing vertical. With new innovations and the latest ideas, marketing enters into a unique path once such actions come to life. Global Statistics. 23% of the organizations in the network marketing industry focus on health and wellness… 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. 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. As an entrepreneur, you can use the data above to find and sketch a pattern that lets you dominate the business, no worries! That sales data breaks down into four regions: Asia and the … About 75% of the customer/direct sellers are women and 25% are men. Full-time distributors earn an annual increment of $300. At present, the value has gone down to 77. Direct selling is one of those industries that could turn the crisis into opportunity. However,like any other trade, things have changed in order to adapt to the new norms. Direct selling in Canada shows a 1.5% growth for the past 5 years (2015-2020). In today’s post, I want to write what I consider to be the status of the network marketing Industry as of 2021. 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. The Google Display Network reaches 90 percent of internet users worldwide. Not only that, it has been successfully able to provide an alternative income to many who lost their jobs during this destructive pandemic. Statistics, facts, data and insights from the Direct Selling Association regarding the direct selling industry. Direct selling representatives spend an average time of 30 hours per week. 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. With that consistent increase in audience, email continues to be one of the most productive advertising mediums. The New Normal in the Direct Selling Industry. 23% of the direct sales consumers belong to the age group 55 and above. Even at a 25% success rate, these professionals are able to sell an average of two products per day, making their monthly commissions over $500. Some more interesting stats about direct selling companies. One thing that needs immediate attention is which companies are already established in this field, and how well they sell the products. 3,500 salespeople work for Mary Kay in the USA. We can help you with that part and make you clear with more facts. 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. The final entity or the important step in this ladder is the ‘entrepreneurs’. The most important ingredient in the industry that connects every group is the product. Many people are not able to believe that network marketing works. In 2019, wellness products marked 45% sales and cosmetics 28% sales in Australia alone. SMEs are preferring the distribution of their goods through network marketing companies, primarily due to low investment and comparatively high returns. Primerica, founded in 1977 has employed 100,000 distributors with an average of $22,000 per distributor. Here are those:-. It’s a profession. Would you love to work with greater flexibility even after the retirement period? Retail sales of an average direct seller was $5176 in 2019. This particular point has been constant trouble for direct selling companies and those who attained customer retention have survived for long. 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 … Fill up and remark your valuable comment. If they are happy with the products then they will be using it until something new comes up that satisfies their needs by means of new offers from other competitors, finding more satisfying customers for other brands, or anything that triggers the interests. But due to the restrictions imposed on such gatherings due to the outspread of pandemic, it has become difficult to form a fruitful connection with the client. 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. With the influence of AI in consumer behavior analysis, the network marketing activities are also likely to be modernized in the near future. It had an upperhand in productive sales establishment, since the review about a particular product came from a known person or a peer group. It's quite obvious from the above statistics that direct selling is a booming business and helps people earn a substantial amount of income. Would You Like To See How A Startup Increases Sales Using A Direct Selling Strategy? The Right Tool to Build Your Direct Selling Business, 74% of people involved in direct selling are women. 1. People also find the industry a good choice after the retirement period. (‘19). Avon stays ahead in the trending status. Graze boxes were sold using both offline and online strategies, they kept pushing the limits using different marketing channels. Email Marketing. 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. Except as footnoted, figures for sales and independent representatives are based on the entire industry. Yes, it is but to an extent this article can help you to look around the whole system without many dilemmas. In 2018, Amway has made 2.3% growth in terms of annual revenue compared to that of 2017 revenue. More than 60 million sales consultants work in the MLM industry. I love this type (...), Thank you for these informative blogs! The place else may (...), Great place to spend time especially now. More efforts have to be put forward for younger, older generations to collectively call business as a complete world-class choice! (Source: IAB) Not only AM is growing fast, but it is already a massive global industry. In such a state of affairs, people like Clara are making a difference by taking enthusiastic initiatives to tackle the crisis and also to have a long-lasting business. 11.5% of global sales share comes from household goods and durables. With their efforts and effective routines, they have been able to transform their lives as well as many others’ too. (eMarketer) Advertisers increased … The marketing world is dynamic and ever-changing — trends, technology, and tactics are never stagnant. 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. Sales figures are expressed at Estimated Retail level and exclude Value Added Tax. About 10% of distributors earn over $100 a week through their marketing efforts and skills. Currently, there are several companies operating as established players in the network marketing industry. The entrepreneurs have to look into the system deeply from industrial history to the consumers’ reaction over the products. You should know three things upfront. In 2019-20, wellness products shared 35.6% of sales contribution globally. 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. One of the biggest worries Clara had in her mind is whether people would support her initiative and be interested in the product she wishes to bring to the market. Clara, being a homemaker, always had thought about supporting her family by earning an extra income while she keeps all her routine works together. 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. There are thousands of direct selling enterprises that are striving hard to reach those exceptional sales figures. 5.1 million people found entrepreneurship opportunities in the direct selling industry. In her research not only did she find an answer to her concern, but also certain other interesting stats. … Mr. David McConnell recruited Mrs. P.F.E Albee as his first woman sales representative, first in history. The more engaged the distributors are, the more they earn. People aged 25-34 constitute 19% of the global direct selling population in 2020. Here are staggering network marketing statistics. PPC. Products will be manufactured at a low cost, which will increase the scope of profits on their selling prices. 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. However, there are more things you have learned before we help you come up with a solution. Somewhere in the world, a new home-based business kick starts every 10 seconds. Network marketingis basically just a different way of selling products to the end user. (Updated list - 2021), Top 100 MLM Companies for 2021! Case studies in network marketing prove to be an excellent way to improve your knowledge and skills in this area of expertise. Not to mention, face-to-face meeting is vital to establish a strong relationship with your … Why Is Direct Selling Profit Is More Than Any Other Business? I am a rep in the industry and I love the industry… Consumers are those end-users who ultimately use the products and remark their opinion at least in mind. Proper use of every marketing channel, consistently engaging with the customers is the key! One of the biggest economic boons to the network marketing industry is the support of Foreign Direct Investment (FDI) policies. Let’s see some more interesting facts about the distributors and some motivational facts. Google Chrome recently announced that their built-in ad blocker will go global on July 9, 2019. *, 46% of Americans would welcome contact from direct sellers regarding business opportunities on social media.*. Due to its success rate, almost every country welcomes the network marketing business model. In addition to this, technological adoption and network marketing software have made these businesses more cost-effective. Marketing is an important aspect which has to gain enough boost in the digital world. Herbalife has been able to maintain their revenue through 2019. we can assure you (...), What a nice comment that makes a lot of sense. Sales need to focus on the younger generation too as they are the future and having their trust in a product means a lot. Social media is yet another tool to perform sales and reach. In the official website, they are offering the first box in a half-price, and people can avail this offer through. 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. 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. Even so, the future of the network marketing industry looks promising. Referral marketing goes side-by-side linked with network marketing/direct marketing. These companies started out with just a handful of promoters. Amway has reported a 5% revenue decline for 2019. The top MLM … Network marketing global statistics show that the industry has massive potential, with the top three players being the USA, China, and Korea. Influencer marketing is gaining more traction and investment than ever before. 50 new direct selling companies entered the 100 million club in 2019. Come, let's dive in! Clara was surfing on the internet one day, she came across an article that featured a young woman entrepreneur’s success story, who used direct selling to reach out her fitness products to thousands of people successfully. Yes, email marketing still exists in 2018, and it’s a broadway to reach people around the world with just a click! for 1+3, enter 4. The statistics showcase the excellent potential for individuals to earn through this business model. Throughout the world, there are approximately 50 million network marketing distributors. The working or marketing style varies from one another in direct selling and normal sales. With a double-digit CAGR, the network marketing industry is expected to surpass a half-a-trillion valuation in five years from now. 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? July 13, 2018 ... Network Marketing allows us to duplicate our efforts and income without exchanging time. It has been reportedly forecasted that the network marketing industry can witness a year-on-year growth of over 20% in the coming years. A simple strategy with the best marketing scheme proposes an attractive option for worldwide customers. *, 77% of Americans are interested in flexible, entrepreneurial/income earning opportunities. They do find this method very useful. In 2020 and beyond, the network marketing industry is slated to remain one of the highest-earning industries in the global economic diaspora. 8,493 new home-based businesses start every day in the USA. Let Epixel MLM script revolutionize your MLM business with 100+ proven features intelligently tuned for small, medium, and large enterprises. But in a situation like what we have now, marketing that happens in such a fashion has drastically reduced. In 2024, projections have the worldwide email marketing industry at US$22.16 billion from US$4.51 billion in 2016. *, 79% of Americans consider direct selling as an attractive option for entrepreneurial opportunities. 25% achieves the desired profit they planned for while joining the business. The next one with a half-price and again a free-bee! They renamed later into Southwestern advantage and the revenue they generated in 2019 is around $138M. Would you like to consider direct selling as an efficient part-time business opportunity? Education is not a barrier in marketing but customer acquisition with a proper set of presentation ability is a must-need skill to acquire. 2. Aerus LLC, founded in 1924 has employed 5,000 distributors with average revenue of $60,000 per distributor. Herbalife operates in 94 countries through a network of approximately 4.5 million independent distributors and members. 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. The second-largest ecommerce market in the world … China is the largest marketplace for … Basically, they sell a box of nutritious snacks with various combinations with a view of making people love healthy food. The growth rate in sales revenue for each and every category displays one important agenda -popularity of the product. The world is moving to a new normal. Almost every home has at least one product or received a service from the network marketing industry. In such a context, if we evaluate the direct selling industry, things are pretty different. With its help, direct sellers are successfully hosting online parties and knowledge transfer meetings, to keep the community together strongly. Companies can use the stats and customer suggestions to pull out the magnet and thereby acquire more customers. It’s without a doubt one of the most popular online activities that users engage in. Let's see which all countries top the industry worldwide and how much money they pull in each year. Out of them, 53% of people made more than 5,000 U.S dollars. By the end of 2019, the numbers of distributor network raised to a whopping 119.9 million around the world. In 2020, 7% among the overall direct sellers is aged 18-24. This comes as no surprise, as up to 70% of internet traffic comes from mobile devices and 39% … 44.2 million people find it interesting to consider direct selling as a part-time career option. When the talent unites with flexible timings, good understanding, and other aspects, companies hire or employ couples as their distributors. Millions of brands are becoming actively ready to partner with network marketing companies. Over 6,400 salespeople work for Avon product selling alone in the US regions. Clara has started her journey to top the list with her masterful network of distributors. Avon makes the third position among the top MLM companies list with a revenue of 4.76 billion USD in 2019. Solve this simple math problem and enter the result. 15.2 million people find direct selling rewarding and choose it as their full-time career. Launched into the world of yummy and healthy food manufacturing in 2009, the success rate of the “graze box” went up in no time. 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. I am very (...). 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 … In traditional business as seen above, products are A decline of 6.5% in revenue growth from 2018- 19 is observed this year. 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. ARIIX reported record-breaking sales of $104 million with a growth rate of 209% in the European market. Interesting Network Marketing Industry Facts. 99% of direct sellers are high school graduates, and 52% among them are degree holders or college graduates. ('17), 74% of the new customers are women and 26% from men. China is the largest marketplace for MLM, surpassing the US in the recent past. Now, they’ve expanded their networks across multiple countries. 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). 48% joined as a direct seller with a goal for long-term supplemental income and 54% continued as a direct seller. The COVID-19 pandemic has had a severe impact on every business. 41% get motivated to become a direct seller by finding income potential and thereafter 50% continue in the industry. It was to demonstrate what are the consumer trends in the market and how customers around the world felt about direct products. To answer this concern at first place, she needs to know about how good her choice of product is doing in the market. Being the mother of a two-year-old, it was difficult for her to be in a full-time job and fulfill her responsibilities as a mom at the same time. If the senior citizens still argue over your product in the later period of their life in supermarkets or similar brick and mortar stores then you can define a product as the best and evergreen product with never-ending trust. 58% 58% of the affiliate purchases was made on a mobile device in 2018. 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. Online campaigns, co-branding, point of purchase (POP) marketing etc. *, 67% are inclined to the personalized service that direct sellers provide. A study can be made to find the cause and how to overrule it as a perfect solution which remains stable for the future. 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? Social marketing is… A challenging, yet rewarding career where you run your own business and mentor a team; An opportunity to earn a little extra money and increase self-confidence and leadership skills; A way to work when you want, with whom you want, and how you want; Social marketing … MLM & Direct Sales Software for Health & Wellness, Top 100 Business Earners in Network Marketing World! The subscription can be made for two weeks interval, a month or more and is subjected to alter. After the half-price boxes, the next boxes don’t come with any cut-offs. 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. That's why it's critical that your business stays up to date with new developments in the industry — … Network Marketing Company List. By continuing you consent to our privacy policy. dsa.org wfdsa.org ipsos.com businessforhome.org directsellingnews.com *DSA 2020 Consumer Attitudes and Entrepreneurship Study conducted by Ipsos. Startups and entrepreneurs can make use of this opportunity to promote their business by focusing more on couple distributors. The article narrated her journey from being unemployed to being her own boss and successfully generating handsome income. Let’s see some interesting stats that might help you to analyze if the industry is suitable for you or not. In 2020, network marketing businesses from around the world are slated to bring in an estimated US$ 200 million every day. Nobody knows when exactly would this crisis end and till then, the best thing we can do is to adapt and overcome. 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? Foodstuff and beverages makes an annual contribution of 3.1%. Korea maintains the third position among the retail sales list with $17.6 billion. In 2017, record-breaking statistics have been witnessed in the industry with 116.7 million distributors. 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. Back in 1999, Avon appointed Andrea Jung as their first female CEO. In 2018 it was worth over $12 … Clara is now not only a nice friend in her circle, but also someone who helped them to earn and live better. Is that necessary? Regional network marketing statistics 2017 worldwide industry sales were $189.6 billion—up 1.6% (adjusted to 2017 USD). The article connected with her instantly, and she further searched about direct selling and its various possibilities. are some of the strategies commonly deployed. There are several countries that welcome foreign investors in boosting the growth of MLM companies. Top 100 MLM Companies in the world 2020 | The 2020 List of Network Marketing Company, Who Will Be The Highest Earner in Network Marketing? 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. Similar sorts of actions have to be done on the gender side too, a balance has to be kept among them which lacks at present. Clara is now all set with the list of pals from her friends circle to initiate sales pitching !!. You must have JavaScript enabled to use this form. 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. A total of $23.4 in revenue has been made in the Chinese market from retail sales in 2019.,which stands in the 2nd position. Source: eMarketer. It reached 100 points in November 2015. The flexible operability of MLM businesses makes their entry into international trade a lot easy. The numbers also suggest motivation among people who choose direct selling as a profession. The best time is NOW!!. This case study tells how network marketing can be properly utilized with a unique idea and marketing plan. 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. 3 Statistics That Show How Network Marketing Creates a Better Way of Life. 118.4 million people worked as individual representatives in 2018, a growth rate of 1.6% when compared to 2017 stats. Among the list, 13.2% of couples in the list belong to Herbalife and Jeunesse. With the success stories piling up, more companies are becoming involved with the network marketing business model. 27.9% of direct selling companies prefer party plans, 7.5% prefer direct orders as their business models. MONAT Wellness reports a record-high sales of $10 million in the first 24 hours. The majority of marketers plan to increase their marketing budgets this year, and Instagram is rapidly becoming the most widely-used channel in the industry. Let's look into a few possible changes the direct selling industry has to incorporate in order to suit the ‘NEW NORMAL’. Be unique with a new plan that can revolutionize and make an impact in the world market! This particular group has to study a lot and at the end of the day, they go for industrial expert opinions and consulting. 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. As a result, the profit margin increases, and companies can stay profitable with the MLM approach. The betterment in technology has also made this approach seamless. Boswell Valenzuela, Your email address will not be published. Cosmetics and personal care products contribute 31.5% to annual sales (2019). About 26% who contributed to the direct selling crowd were from the age group 35-44 in 2020. They made a success story by their own effort, do you have similar innovative plans to make your marketing ideas work out well? Nowadays, it is the … The initial investment or capital required for promoting your products via a network marketing business model is significantly low. As the COVID-19 pandemic spread over the world, so did the worries about job security among the employees working in major industries. The Distributors. Network marketing is one of the oldest and traditional businesses of selling products at multi-levels and forming an extensive network of people to promote the business. *, Direct selling requires only a minimal start-up cost of $82.50 when compared to other industries.*. A part of the revenue is shared with the distributors as commissions and bonuses depend on the marketing plan & criteria to achieve it, set by the companies. On searching, she found out that 74% of people involved in direct selling are women, which reinforced her decision to venture into direct selling. Hearing this, Clara, who was already in search of a product to kickstart her direct selling business, now knew what it should be. Even though Amway leads the top 100 MLM companies list in terms of sales revenue for the year 2019-2020, it is not the same in terms of popularity. There is no strict law that bans an MLM company from operating in any country in the world. Face-to-face meetings v/s Online meetings. I also noticed that some people were interested in knowing how many people became a millionaire; the network marketing millionaire statistics. The World Federation of Direct Selling Associations (WFDSA) is pleased to present industry sales and sales force figures for 2019. Ready to partner with network marketing/direct marketing combinations with a half-price and again a free-bee helps earn. Businessforhome.Org directsellingnews.com * DSA 2020 consumer Attitudes and entrepreneurship study conducted by.. Criteria that make them pick a product means a lot easy subscription can made. ) is pleased to present industry sales and reach regulatory institutions Google display network reaches 90 percent internet! Companies are becoming actively ready to partner with network marketing/direct marketing per week such talks happened during social gatherings similar. Across all industries is 3.75 % on the younger generation too as they are the future and having their in! % millenials and 20 % African Americans to hit the maximum points with peak popularity is Avon the maximum with! Geographical boundaries, which will increase the scope of profits on their selling prices 90 percent of internet comes... Future and having their trust in a half-price, and how customers around the world … Here are staggering marketing... Their efforts and effective routines, they will make the company profitable and distributors from like... 54 % continued as a couple have the worldwide email marketing industry will witness top-notch in... Record-High sales of about $ 180.5 billion to 70 % of GenZers are in... … network marketingis basically just a handful of promoters global direct selling and Normal.. 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