Network Marketing and Direct Selling companies in India are facing a lot of problems while operating in the Country. The current provision of criminal proceedings in the case of discrepancies is hampering the growth of these companies in India. Hence these Direct selling companies have urged the Indian Government to extend protection under the Consumer […]
Government issues model guidelines for states to curb Ponzi schemes
The government of India on Monday has issued a series of guidelines for states to regulate the direct selling sector. This implies that the Rs. 10,000 Cr industry could come under the strict Consumer Protection Act, 1986. Many steps have been taken in an attempt to safeguard the interest of individuals involved in this industry. […]
Are you part of a Legitimate Network Marketing / MLM Company or Pyramid Scheme?
Key Highlights: General notion about the network marketing /multi-level marketing/direct selling industry Understand how to differentiate legitimate and fraudulent network marketing company As the world is progressing in technology and automation, there are also other developments and business models that are coming up which promise to help individual build their own system for residual income. […]
The Status of Network Marketing/MLM/Direct Selling in India
Key Highlights The history of network marketing Global industry size Need of the hour for the direct selling industry to thrive and flourish in India What is Direct Selling and Network Marketing? Before we discuss or try to understand the current situation of Network Marketing /MLM or Direct Selling Industry in India, it is important […]
MLM Growth potential at Rs 64,500 crore by 2025
Legalise direct selling business, should have govt assistance: Amitabh Kant Says industry has enormous growth potential. Direct selling should not be equated with fraudulent financial schemes and should gain government recognition and proper legislation, Department of Industrial Policy and Promotion (DIPP) Amitabh Kant said on Tuesday. Speaking at an event about direct selling – the […]
Women form a significant chunk of direct sellers in India
Direct selling, a lucrative opportunity for many While door-to-door selling is a common phenomenon is many localities, the numbers have increased indicating a rise in its potential, especially for women in India. Direct Selling provides accessible business opportunities to people looking for alternative sources of income, and whose entry is generally not restricted by gender, […]
Direct Selling sector as a retailing medium in India is yet to gain momentum
#DirectSelling #Retail #Amway #Oriflame #Tupperware The past history of direct marketing dates back to the days, perhaps, when we used to acquire vegetables as well as family products from the cart vendors. Gradually, the principle as a tool of selling gained approval, yet, the section has actually not attained its best position in the country. […]
Indian Direct selling sector anticipates higher growth
#IDSA #PHDCCI #DirectSelling #MLMNews The Indian Direct Selling Association (IDSA) on Thursday stated the direct selling industry is again moving forward this year as compared with an adverse growth in 2013-14. The IDSA in association with PHD Chamber of Commerce (PHDCCI) released the yearly survey record for 2013-14 on the direct selling sector, according to […]
Consumer Protection Authority open to regulate e-commerce, direct selling
#DirectSelling #RamVilasPaswan #MoneyCirculationSchemes #Amway A Consumer Protection Authority after amending the Consumer Protection Act (1986) was suggested by some representatives at the first meeting of an inter-Ministerial group chaired by the Ministry of Consumer Affairs (MoCA) to iron out issues related to regulating the e-commerce and direct selling space.
Amway’s fortunes dip in India
#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 […]