In this pandemic world caused by COVID-19, the world's economy in most of all sectors and businesses are still on the depression stage and trying to survive and adapt to the change. They suffer a lot of challenges caused by social distancing and freeze all business operation.
Despite these, MLM business is one of the business sectors that suffer less impact from this pandemic age and some MLM companies are still expanding. Some Multi-Level Marketing distributors are proposing new investors with big promises of money and the chance to work from home–obviously perfect for people who are unemployed at this time.
In this article, we can discuss and understand the impacts of COVID -19 in the MLM industry.
MLM Industry Before COVID-19
Multi-Level Marketing is one of the traditional businesses of selling products and services through multi-levels and set up a huge network of people to upgrade the business. Then, it becomes the best industry in the world.
In India, by comparing with the other developing countries like the US, UK etc, India is backward to accept the network marketing business completely. Most of the Indian economy believes and is scared about the MLM scams running behind the network marketing business and declined it.
MLM Industry In Present
In this pandemic period, the economic instability of the world plays an important role in thinking about the wide and profitable business platform, Multi-Level Marketing business or Network marketing.
Just after the pandemic, the entire MLM network industry changed its selling components to increase the efficiency and support the medical field through developing PPE kits, vaccine research, medicine production etc.
In India, this pandemic situation helps to grow network marketing business very rapidly. The present condition of MLM or network marketing business in India looks to be very hopeful and guarantee future success in the MLM industry.
After the COVID-19, the entire world changed upside down when regular working began. The people working in different areas thought about the importance of second income sources and they reached in MLM business areas.