Many people are interested in direct selling and this is a great opportunity for those who want to earn a decent income. Direct selling offers plenty of benefits that you won't find anywhere else, such as flexibility and the ability to be your own boss. But how do you know if it's right for you?
For this, you should be aware of some of the MLM statistics that help you to make the right decision to find success in your business.
The MLM stats can be categorized into five different stats such as company stats, distributor stats, product stats, consumer stats, and entrepreneur stats.
USA has generated a revenue of $35.2 billion becoming the top country based on direct selling revenue. Amway, the top direct selling company has a revenue of 8.5 billion in 2020. In USA 1 out of 5 homes use Amway products. About 63.5% of direct selling companies use person-to-person selling methods and find them useful. Network Marketing is a business model with a large network of distributors. The success of a direct selling business depends on retaining and rewarding the distributors. A study shows that about 25% of people joining the network marketing industry are making money and about 10% of distributors can earn $100 with their efforts. You can find more interesting stats that can help you to take your MLM business to new heights.