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Topic : Multi Level Marketing - MLM in India
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Has recession really affected MLM business in India?

Created by : Sasi Dash, Art Director/Sr Art Director, U TV  | 12 21 2009 10:19:19 +0000
Industry : Retail Chain/LogisticsFunctional Area : Consumer Sales(Sales & Marketing)
Keywords : india business recession mlm affected
Activity:  473 views;  last activity : 07 06 2010 20:18:09 +0000

Just wondered how the current economy has affected network of Multi Level marketing business. Has it would been helped anyone because there are more people looking for a second source of income or has it been more difficult to find people that aren't broke. Do you think recession has affected MLM business? Share your views...

  
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Goutam BagchiSays : in my view during recession consumers became value oriented distributors were concerned about cash employee worried about salary and stability of job and their survibal then their think about another soources of income and their economic stability and survibal his own that their choosing this path
By GOUTAM BAGCHI, AREA MANAGER, MAHABIR IMPEX PVT.LTD  | 12 22 2009 14:10:42 +0000
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In my view, during recession, consumers became value oriented, distributors were concerned about cash and the employees worried about their incomes. The squeeze of every economic slowdown and recession is felt by everyone. People were spending less because they had less to spend and they are thinking twice before risking their investments. All People were aware of this in their marketing and they didn't want to garner their share of their spendable income.
By Dharmena Prajapati, Sales/BD Manager, Wipro  | 12 21 2009 11:11:44 +0000
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I'd say recession or not, everyone is looking for a way to make some more money, MLM is peobably a very interesting way to make some. There a load of fly by night companies, so if you research right and put your chips with the right one, you can over a period of time make some money (Thats the theory) This is where the saying no risk no returns does not really fit well. a Strong network can reward a small unit with relatively lesser risk
By Sagar Athanikar, Operations Manager, JPMorgan  | 12 23 2009 19:41:26 +0000
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In my opinion, recession has not affected MLM business. In fact, it could have been the best thing for the distributors. During this period, You'll find people who were previously uninterested in your business are suddenly looking for new financial opportunities. They want a business that doesn't require a lot of capital, allows them to establish their own hours and offers rewards that can grow faster than capital or labor requirements. So, recession is a best chance to create business.
By Sasi Dash, Art Director/Sr Art Director, U TV  | 12 21 2009 10:19:19 +0000
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