Future of direct selling company in India

Direct selling, one of the especially the top ten direct selling company in India, has seen unbelievable growth in the last few years. This is especially true for a direct selling company like Qnet. But what does the future hold for Qnet and the industry as a whole? Will Qnet and other direct selling companies be able to keep up the upwards trajectory as we prepare for a new era of marketing sales? Let us find out.

Direct selling in 2020

2020 was a bad year for many industries. However, one of the industries that managed to keep on going despite the hardships it faced was the direct selling network marketing business. This was mostly due to the network marketing and direct selling nature of the business and because of the unique relationship that Qnet independent representatives and their customers have. This unique relationship has helped direct selling companies like Qnet to succeed where many others have failed.

According to the industry estimates, direct selling ranks number 15th globally and is expected to have a Compounded Annual Growth Rate or CAGR of about 2.8 per cent to reach nearly Rs 16000 crore by 2021. This shows that the direct selling industry is flourishing even during the pandemic.

In fact, direct selling has also been a big boon to people during the corona pandemic. While other industries are struggling to keep their employees, direct selling businesses like Qnet have been actively employing people. It has been instrumental in providing employment opportunities for the 122 million Indians that had lost their jobs during the coronavirus pandemic.

The future of Direct selling

Experts predict that the current upward trend with direct selling company in India will be followed in the coming years The coronavirus pandemic and the economic troubles that it brought with it have shown people that financial independence is very important, and a direct selling company in India like Qnet will allow you to become your own boss.

The government of India has also come up with many schemes and policies that aimed at making entrepreneurship and businesses easier and more profitable. Schemes like ‘Vocal for Local’ and ‘Aatmanirbhar Bharat’ are aimed at encouraging the youth of the country to build entrepreneurship and problem-solving. These schemes are also expected to be helpful for a direct selling company in India like Qnet.

Thanks to all these schemes and the overall change in people’s mindset, the direct selling industry is on a fast-track to success. In fact, it is expected to grow to over 18.1 million direct sellers by the year 2025. Direct selling is also crucial for women empowerment as more than half the people working in the industry are women. We have already talked about why direct selling companies like Qnet are an attractive place for women.

I hope that this article was able to help you understand the future of the direct selling industry in the country. Please feel free to use the comment section below if you have any queries or concerns.