The economic slowdown of India plays a crucial role that more and more entrepreneurs are thinking out of the box to opt for a wide-spaced and profitable business platform-“Network Marketing or MLM” business. People in India are concerned about making money conveniently and simply, and the same is the major highlight of the network marketing … Read More →
Direct selling can be a challenging profession, but also one of the most rewarding, if you get it right. Requiring hard work and dedication, it is no get-rich-quick scheme, but for those who succeed, the rewards can be great and the sense of satisfaction gained from running your own business is hard to surpass. So, … Read More →
CAUTIONARY TO DIRECT SELLERS. If direct sellers are in involved in Ponzi Schemes can be prosecuted under various depository protection laws in India. As the Government of India has issued Guidelines for Direct Seller Entities in the year 2016 banning of Pyramid Schemes and Money Circulations which harms the depositor’s interest and indirectly the public … Read More →
Earlier this week, the Direct Selling Self-Regulatory Council (DS-SRC) opened its doors for business. Its objective is to provide independent, impartial, and comprehensive monitoring of direct selling companies on an industry-wide basis, address income misrepresentations (including unsubstantiated lifestyle claims) and false product claims by companies and salesforce members and enhance the reputation of direct selling. … Read More →
A top official on Monday stressed upon the need for the companies in the Direct Selling business to set-up a more robust and sound consumer grievance redressal mechanism to gain consumer confidence. Speaking at the ‘5th Edition of DIRECT 2018’ organized by FICCI, Anil Bahuguna, Joint Secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, … Read More →
MANGALURU: The Direct Selling trade in India has nearly doubled since 2011 to achieve Rs 12,620 crore in 2016 and is anticipated to grow at a compounded annual enlargement fee (CAGR) of about 4. eight% to achieve Rs 15,930 crore in 2021, finds the study undertaken by ASSOCHAM. The average gross sales of each participant … Read More →
If you look around, you’ll see many businesses having a great fall or loss, many job opportunities being stolen, salaries being cut etc. Due to this unfortunate scenario, people are struggling and suffering a lot to find a stable job or to get settled in a business to earn well for a living. So, … Read More →
Direct selling companies such as Amway, Tupperware, Oriflame, QNet, Herbalife Nutrition, and others employ approximately 50 lakh people in India. This figure is expected to touch 1.8 crores by 2025, according to a joint study by industry body Federation of Indian Chambers of Commerce and Industry (Ficci) and consulting company KPMG. Simply put, direct … Read More →
THIRUVANANTHAPURAM: Stern action will be taken against direct selling and multi-level marketing firms indulging in cheating and corruption, Civil Supplies and Consumer Affairs Minister P Thilothaman said on Wednesday. The minister was speaking after releasing the guidelines for direct selling and multi-level marketing firms. The guidelines are aimed at protecting the rights of … Read More →
Is Multilevel Marketing legal? Multilevel Marketing (MLM) is legal. It is an absolutely stellar business model. It is not a scam. Of note, however, is the often repeated (by MLM people) but untrue “fact” that the MLM model is taught at Harvard Business School. MLM focuses on selling products or services. The organizations that … Read More →