A manufacturer or a trading venture that produces distinctive and quality product or any kind of services and looking to deliver those services to users globally without putting up a shop or a store can look forward to start an MLM company.
Talking about India regarding the increase in the ratio of network marketing, then it has seen a huge spike. It is considered that a good percentage of the populations are trying to start their own business but because of the huge investment and great manual effort required for the establishment many are left behind. In coming time multi-level marketing will become the prime source of establishing a business and in the next 10 to 15 years the number will increase. For now every minute in India someone is looking for his or her own business. This multi-level marketing has emerged as a global approach to get relief from all sorts of crisis and improving financial standards.
Processes for setting up a multi level marketing company in India
➢ The first step is to decide about the products precisely. Product will be the source to generate productivity. Product can be either physical or virtual. A good product and a well-planned strategy is important. Mostly known useful MLM plans are Uni-Level Plan and Generation Plan, whereas some plans which should be ignored and should not be followed are Bucket Help Plan, Donation Plan, Binary Plan, Matrix Plan Board Plan Stair Step Plan
➢ Next step is to get marked the company as a Pvt. Ltd organization of India. Directors of the company have few risk measures in setting up a multi level marketing company so it is considered beneficial to get registered as a trademark venture. Other corporation documents in which registering can help in the company’s legal registration are CIN Number/Registration No, PAN Number, TAN Number, CST/RST (TIN) No., Labour license, Bank A/c No.
➢ Indian Direct Selling Association (IDSA) is a non-government body and it has been founded by Amway India to manage the entire Direct Selling Companies in India. Joining an MLM company with IDSA will be helpful regarding any kind of problems and queries as the prime focus of IDSA is to put a break on wrong and illegal companies.
➢ Pre-launch offers, monthly and permanent offers are also helpful to make a good appearance in the market.
➢ It is also beneficial to generate exclusive website content and details supporting the company.
Some of the Top MLM Companies In India are:
- Hindustan Unilever