India is powerful! --thanks to its big consumer market. The middle-class population of India is the biggest market that top corporations of the world fish for. The market strength of India also showcases the great potential for network marketing businesses to grow.
By recruiting commissioned agents who would add other agents and by establishing big distributor networks, network marketing companies grow high in their Indian market.
Network marketing has developed throughout time as new technologies and marketing revolutions have been embraced. Many millionaires have made their fortunes through network marketing.
Following listed are the fastest growing network marketing companies that stand tall in India
1. Vestige
Vestige Marketing Pvt Ltd was established in 2004 and has since grown to become a top direct selling firm specializing in high-quality health goods. Vestige maintains its popularity by constantly including more innovative products each year and always going high on the quality of its product. Vestige is a network marketing company that stands tall in India with a growing network of distributors. There are over 3000 + online and offline sales outlets spread across India. To add to its integrity, Vestige has ISO 9001-2015 certification. Vestige visions to enrich the lives of everybody with wealth through world-class wellness product marketing shop.
2. Safe shop
Safeshop has its headquarters established in NewDelhi and numerous high-end servers based in the USA which gives it better network connectivity. It sells a variety of products ranging in Lifestyle, technology, Ayurveda, water purifiers, and other daily household articles.
It has numerous remuneration and compensation plans. One of such is Retail customer remuneration which provides
Retail customer remuneration - Through the Retail customer remuneration plan, each direct seller gets a discount on every purchase. The direct seller in that case can get products at a discounted rate - Safe Shop Price (SSP ). The direct seller can then sell the products at the MRP rate but not below the SSP rate. Safeshop provides 35% saving on the majority of products.
Other remuneration plans include Preferred customer remuneration, Team business remuneration, Team purchase shopping remuneration, and other promotional rewards and ranks.
3. Amway
Amway is another leading network marketing company that sells budget friendly and trusted brands at reasonable costs through its network of distributors. They have a very transparent stand for Customer Loyalty Earnings, compensation, or remuneration to their network of distributors.
Amway has its popularity for the quality of its product. Amway was founded in 1959 by Jan Van Andel and Richard DeVos. Amway has more than 150 products available in India mainly dealing with personal care and health. An independent agent in Amway is said to earn a commission between 6% to 21% on business.
4. Herbalife
Herbalife is a global multi-level marketing company that develops and sells dietary supplements. The network marketing company was founded by Mark R Hughes around 1980. The large network of Herbalife is estimated to employ around 9900 people around the world. With around 4.9 million independent distributors around the world, the company is said to spread across 94 countries. Since 2020 John O Agwunobi is the Chief Executive Officer of the company. Herbalife has its headquarters situated in Los Angeles, California.
5. ModiCare
ModiCare is an MLM company worth $2.8 trillion headquartered in New Delhi. It was established in 1996 and is owned by Modi enterprises. Its network is spread far and wide with over 40 centers across the country and supplies products spread across 2700 cities.
iCare Multi-Level Marketing Company is a $2.8 trillion Indian conglomerate owned by Modi Enterprises. ModiCare was established in 1996 and is headquartered in New Delhi. Today, the company claims to have 40 centers across the country that supply products to more than 2,700 cities. The conglomerate company has a compensation plan based on the amount of revenue generated by Retail customer purchases, ModiCare affiliate purchases, ModiCare affiliate purchases. ModiCare is founded by its CEO Samir Modi in 1996 with 12 goods and 300 distributors in the beginning. ModiCare today has grown its network far and wide by adding new products and distributors every day.
Final Thoughts
Network marketing companies do not remain static in their growth. With more Multi-Level Marketing companies entering the Indian market and expanding their horizons, the above list can always keep changing. There is a competition that brings challenges to every company practicing network marketing and these companies must build on their strengths and work on their weaknesses.
Being a local distributor of a network marketing company does not make you rich the very next day. It works for some but not for many at the lower level of the network. If you are thinking of joining a Network Marketing Company, make sure that you join the top ones in the fastest growing network marketing companies in India