How the pandemic affected the network business. MLM profitability in 2020

[mehadihasan123456]

The events of this year have shown how vulnerable and dependent on external factors small and even medium businesses are. Many industries have suffered greatly from the crisis and downtime caused by Covid-19, but there are also those that have not been affected by the coronavirus. These areas include network marketing, which has always experienced an unprecedented rise in times of crisis. But first, let's remember what it is:

Network marketing, also known as multi-level marketing (MLM), is a sales system organized in such a way that each new distributor can earn money not only by selling goods, but also by attracting new sellers forex data to the company.

Despite public speculation, MLM is a completely legal and respectable business, the earnings from which are subject to government taxation, just like income from any other commercial activity.

Worldwide Network Marketing Statistics
The global network marketing market grows by 2% annually, and the number of employees in such companies exceeds 100 million people. Almost 60% of the total turnover of the industry comes from Asian markets. The leading countries in MLM development are China and the USA, where every twentieth person works in direct sales. Russia is in the second ten of the world ranking, but its potential is significantly higher.

Every year, Direct Selling News announces the top 100 MLM companies of the year. In April 2020, at the very beginning of the corona crisis, DNC published a rating based on the results of 2019 turnover. The TOP 10 included.