Tag: Multi-level marketing (MLM) schemes

  • Multi-Level Marketing In India

    Multi-Level Marketing In India

    Our current world is in the phase of  multi-level marketing. The opportunities in such marketing have increased for prime as well as an alternative revenue source. Multi-Level Marketing is providing all sorts of inventory for establishing a business. In  an MLM person has control over the economy which helps them in achieving better results.

    By the end of the week almost 1 million people are looking for multi-level marketing and relevant opportunities. The reason for that is too many people are losing their jobs and their investments. People are insecure and holding a feeling of losing their savings. This marketing scheme has emerged as a global approach to get relief from all sorts of crisis and improving financial standards.

    MLM delivers a plan and a platform for detailing and supplying goods. Business gets an idea to present the benefits and usefulness of the product among a huge population. It helps in figuring the real knowledge about the market situation and product activity.

    To establish network marketing in India few important guidelines has been presented which can help in the growth of any networking business.

    • Be action oriented.
    • Choose the right company.
    • Create your unique style.
    • Stay positive to generate positive results.
    • Read and follow successful marketers.

    MLM in India has developed a huge space and has shown tremendous results. Internet has played a useful part in marketing. The young generation of India being tech savvy and compliance with network marketing has resulted in making this country as high tech hubs in the network industry of the world. Anyone from the globe if practicing networking businesses then India is definitely on their list. Throughout the globe, many people are involved in networking for improving business prospects.

    Many in the country who started network marketing as an alternative income mode temporally, made it permanent and prime mode of income.

    Mul marketing is assisting many lives and turning normal lives into entrepreneurs, good marketers and leaders.

  • Rajasthan rocked with recent MLM frauds

    Jaipur: In recent two MLM Investment scams happened at Rajasthan, people have lost around 500 crore. Two MLM Investment companies Eve Miracle and Goldsukh have duped people of Rajasthan and Madhya Pradesh. Both companies were operating since 2008. The whole issue of fraud came into limelight when Goldsukh stopped issuing regular payments to the investors.

    The modus operandi of these schemes were similar, to spread the scheme by word of mouth and collect money and run away when new joining stops coming. All these companies are offering high returns on the investment, some were even giving 300% in one year.

    The directors of Goldsukh have fled the country and the CEO of Eve Miracle is in the custody of police. Rajasthan police is in touch with Interpol to locate the directors of Goldsukh, who are said to be in Thailand.

    After such MLM scams, the government of Rajasthan is preparing a draft on Multi-Level Business. For the same the chief minister Gehlot, asked the senior officials to look into the matter urgently.

    States like Manipur and Kerala have already introduced bill on Multi-Level Marketing companies in their respective states.

    Recently a meeting was held among SEBI, RBI and the ministry of corporate affairs to tackle issues more diligently.