#Amway #MLM #DirectSelling #WilliamPinckney Amid its run-ins with the police over direct-selling model, firm’s net profit falls 20% in FY14, revenue down 8% Amway, India’s largest direct-selling company, despite an annual drop of 20% in net profit and 8% in turnover in 2013-14, continues to be bigger than fast-moving consumer goods (FMCG) giants like Gillette […]
The 4 Essentials for Retaining and Motivating Your Direct Sales Force
#DirectSales #MLM It can be difficult to keep people loyal in direct sales since in this industry, people tend to always be looking for the “next big thing.” However there is a lot that can be done to keep a direct sales force not only loyal, but also motivated and consistently hungry to succeed. Following […]
NMart dupes Bhadrak investors of Rs 20 cr
#NMART #MLMScam #MLMNews #CBI Even as the CBI investigation into 44 chit fund companies in Odisha is on, a fresh case of NMart, another company duping gullible investors has come to light. While the operations of N Mart Marketing Company are spread over several districts, it is reported to have swindled over Rs 20 crore […]
Amway to make India regional hub
#DirectSelling #MLM #MLMNews #Amway #PCMC Direct selling major Amway plans to make India an export hub for its operations in Middle East and South Asian countries, even as its business growth here has slowed down due to lack of clarity for applicable regulations. The company also said there is an urgent need for detailed regulations […]
Ram Vilas Paswan favours regulator for direct selling industry
#DirectSelling #MLMLaw #MLMNews #MLM NEW DELHI: The consumer affairs ministry is keen to set up a regulator for the over Rs 7,000 crore direct marketing industry and on Thursday minister Ram Vilas Paswan added his stamp of approval to the idea. Following demand from the industry, the government has constituted an inter-ministerial group (IMG) to […]
Amway says E-commerce to contribute half of sales in future
#Amway #TamilNadu #Sales #DirectSelling #MLM NEW DELHI: Direct selling company Amway, which is aiming Rs 6,000 crore turnover by 2020, today said it expects its e-commerce platform to contribute half of its sales in the future.
New Zealand national, three associates arrested in fraud case
#MLMNews #NetworkMmarketingFraud #MohammedKhurram #KiranModi #HiteshModi The Central Crime Branch (CCB) sleuths busted a network marketing fraud with the arrest of four persons including a 52-year-old woman from New Zealand for allegedly duping people on the pretext of offering them memberships in a networking company. Based on a tip-off, a team of sleuths approached the company executives […]
Ministry to clear regulatory grey areas on direct selling, e-commerce
#DirectSelling#MLMNews #IDSA #MLMLaw The Consumer Affairs Ministry is working out a proposal to iron out regulatory ambiguities surrounding direct selling and e-commerce that treat them on a par with money-making deposit schemes. Committee agenda While a committee comprising representatives from the Government departments concerned will meet to deliberate over direct selling norms on December 8, […]
Adooye.com Scam Could be of 600 crore, cheated 2 lakh investors
Adooye.com scam was reported by NetworkingEye.com in the month of June. Now the Bangalore police is investigating Adooye.com, when people ,who invested with Adooye stopped receiving commission from the company. The scam could be of 600 crore and at least 2 lakh investors have invested in Adooye.com from all over India. Online company, Adooye.com collected money from […]
Rep of Public Relations firm summoned in alleged QNet Scam
Economic Offences Wing (EOW) Of The Mumbai Police summoned the rep of a Public Relations firm, who is handling the account of QNet in India. At the same time, EOW authorities have also written to the banks that under section 91 and 102 of CrPC and Section 4 of the Bankers Books Evidence Act, 189, to […]