Why You Should Start Your Own MLM Company in 2024

[mehadihasan123456]

Network Marketing is a global industry that is growing rapidly, reaching a total volume of $201 billion in 2022. According to Zion Market Research, the global MLM market will continue to grow at a compound annual growth rate (CAGR) of 6.5% until 2030. So, due to the huge potential, the network marketing sphere has become an attractive platform for inspired entrepreneurs.

Are you an experienced MLM leader and planning to launch your own viber data network business? Then this article is for you.

Network Marketing as a Business Direction

Network marketing has been a profitable business model since its inception in the 1900s. Not only does it help build strong relationships with customers, but it also creates a reliable sales channel, providing a steady stream of income for the business and significant earnings for its entire affiliate structure.

Avon, Nutrilite, and Amway are some of the oldest examples of network marketing. What makes them the flagships of successful network marketing strategies since the 1930s is that they remain the leading companies in the MLM sector. In 2022, Amway was recognized as the global MLM leader with an annual revenue of over $8 billion. Avon generated approximately $2.04 billion in sales in the same year. Thanks to its sustainable MLM model, Nutrilite sold over 11 billion units of health products in 2020.