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Mba Mini Project Report
Mba Mini Project Report
Mba Mini Project Report
Submitted By
AVNEESH KUMAR
Of
A P J Abdul Kalam Technical University
March, 2021
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Declaration
I undersigned hereby declare that project titled
“DIRECT SELLING BUSINESS” submitted in partial
fulfilment of the requirements for the award of the
degree of MASTER OF BUSINESS
ADMINISTRATION of A P J Abdul Kalam technical
University , Lucknow is a bonafide record of work
done by me under the guidance of Miss. Sonali
Srivastava, Management Department, Vision
Institute of Technology. This report has not formed
previously the basis for the award pd degree in any
other university.
Acknowledgement
AVNEESH KUMAR
MBA -1st Year
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Table Of Contents
1. INTRODUCTION 5
5. Company 16
6. company profile 17
7. Objective of Company 18
9. 20
BUSINESS PLAN -
24
10. ADWANTAGES &DISADWANTAGES 25
-
27
11. REASON OF FAILUER IN MLM 28
14. 32
REFRENCES
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With the arrival of the Internet, MLM companies have started to go online. Many
established MLM companies began to use the Internet to promote their
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products. At the same time, many other new MLM companies started their
businesses using the Internet, a model generally called online MLM.
This proves that the Direct Selling Industry is flourishing and illustrates its potential
with the continued rate of growth -- increasing at an impressive rate of 12.1% Y-o-Y.
Another interesting trend that is noticeable is that the sector has been instrumental
in employment generation for nearly 122 million Indians who lost their jobs this due
to the pandemic.
Er.Sanjay Maurya Managing Director, INWAY RETAILS Pvt Ltd., said, "Direct
Selling is one of the fastest-growing sectors in India today. Despite these
challenging times, the sector has witnessed spectacular growth in the last three
quarters. At Vestige, we have provided an alternative career opportunity to millions
during the pandemic period. We are looking forward to 2021 and we hope to
continue to be a key player in the Direct Selling Industry's rapid growth by
empowering people."
Initiatives like 'Vocal for Local' and 'Aatmanirbhar Bharat' encouraged Indians to
explore the option of buying and selling locally made products via the direct selling
route, which entails low investments and high returns. This not only boosted local
manufacturing but also established a sense of ownership as well as determination
amongst budding entrepreneurs to succeed. In India, the Direct Selling industry has
provided additional income opportunities to its people and has significantly promoted
micro-entrepreneurship. In FY 2018-19, there were 5.7 million direct sellers. These
numbers are projected to grow exponentially to 18.1 million by 2025.
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The sector has also empowered women in a significant way right since its inception.
There are almost 2.1 million women today who are at the heart of this industry and
have gone on to become successful entrepreneurs.
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Rolf Kipp, one of the top earners in network marketing business earns his position
earner” in Forever. He is one of the top earners of Forever Living products. Back
in 1995, when he joins inside the FLP (Forever Living Products), no one expected
him to gain the top earner position.During the time of joining, German people
weren’t aware of the FLP, and the land was unexplored. Well, Rolf Kipp came to
know about FLP during a business trip in Miami and became obsessed with the
expands to Europe. A wonderful opportunity was before him, and Rolf accepted
it.From real-life struggles, this decision woke him up. He saw “Forever” as a
company with real products, and he explored this in the best marketing way.
Initially, he worked as part-time for about a year and a half and afterward, he
found a bright future in the marketing world. He chose this secondary source as
the main focus of income thereafter, and the decision was perfect. The future also
supports this decision, and the achievements seem to be the best evidence of
such an act.In 2013, Rolf received 9, 00,000 Euros as a bonus, and is a record-
breaker. Later on, in 2015 he again received with a high bonus. From nowhere to
2 - Brian McClure
Yet another famous personality in the direct selling industry, and a network
marketing world. This time “Ambit” was the channel to his successful life. Ambit is
a retail energy supply company who like to improve the competition in energy
supply with multiple private suppliers. If there are options to choose from, the
probability of bringing down the charges of electricity and gas is no more a cock
and bull story.Buy energy and supply it to reach the customers is the Ambit way
of working.rian was bright from the beginning itself, and he began his journey
from the college time itself. He proved his talent in its best ways, and it was
He even brought his college to the top position in ‘Miller beer’ sales on the
gained the no.1 position is the campus sales rate. Later on, when he stepped on
the professional life, he showed his excellence out there too. He became CEO of
many organizations, and the success story continued.In 2006, Brian McClure
joined Ambit Energy and he was responsible for the training systems that they put
The numbers tell his success - $8,400,000 is his annual income as per 2017-18.
Brian, a billionaire can be considered as the best idol for direct selling business.
3 - Kim Hui
Yet another person who proved herself worthy in the direct selling business
through her hard work and devotion to work is also in our top list. Kim Hui is one
of the top earners in the MLM world, and she is presently the Double diamond
Yes, like many others she also faced a lot of struggles, and she found her way by
$257 million dollars in 2013. She earns about 6,000,000 per year and is the best
in the industry.
The details of Kim Hui is limited in terms of sources, and the list continues a
Barry Chi and Holly Chen stand out in the list, and their success story began after
joining the Amway cooperation. These couples joined the giant network as
distributors, and they utilized the opportunity perfectly. They both were devoted
for marketing and selling the products. They both are from Taiwan and living
From first grade teachers to millionaire stage, they had a hard time to reach such
a situation. They both joined Amway in 1982 in Taiwan. A history was written after
such a good move. They started off from family and friends, expanded the
network slowly, and spread the business to Hong Kong. Later on, they covered up
In 1986 their marketing presence got extended up to the US land. These Chinese
couples studied the U.S market, and the elegance of their marketing touch was
felt by the Chinese immigrants in the USA. And presently, this couple earns about
$6,000,000 annually.
5 - Jeff Roberti
Jeff is one of the best MLM entrepreneurs in the marketing industry that found an
opportunity like others in the list and explored it brilliantly. His life got an elegant
Associates) and is famous for Juice plus product. Jeff joined with Jay Martin and
created a history.
Again the struggles of life make the best out of a human being, and Jeff was also
a victim. His father was struggling to pay even the medical bills. Later on Jeff
graduated and unfortunately, his father passed away. These struggles made him
take a strong will, and nothing can stop him from that point.
His success stories reveal the willpower and how determined he is. He explored
the opportunity in his job (Juice plus) and currently earning $5,400,000 annually.
We have cut short the list into five because these stories never end. Their
selling business is never a scam unless it follows the rules perfectly. It’s an
opportunity, and many business tycoons talk the better side of this version. The
present U.S president Donald Trump, Bill Clinton, and many such personalities
have talked the good side of network marketing. They all are the greatest
Explore more, understand the legal side of network marketing business, how
Here is the list of top 100 business earners in the network marketing world!
BY DONALD TRUMP
BY BILL CLINGTON
BY ROBERT KIYOSAKI
COMPANY PROFILE
BANK Details:
LEGALITY
PAN NO. AAECI4699G
CIN NO. U52609UP2017PTC092300
GST NO. 09AAECI4699G1Z3
ISO 9001:2015
FSSAI Registration number: 22720654000017
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OBJECTIVE
Inway is dedicated to spread knowledge is the Society and help
people choose value - for - money products for better living.”
COSMETICS ,
o Artistry / Attitude
o Skin Care Products
HOME CARE
o Laundry Care
o Apparel Care
o Household Cleaners
o Kitchen Care
o Glass and Metal Care
o more..
PERSONAL CARE
o Hair Care Products
o Oral Care
o Body & Skin Care
o Family Care
o Male Grooming
o more..
CATALOGUE PRODUCTS
o Home Products
o Kitchen Appliances
o Children's Toys/Apparel
o Women's Apparel & Accessories
o Mens Apparel & Accessories
o more..
COMMERCIAL PRODUCTS
o Agricultural
GARMENTS PRODUCTS
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BUSINESS PLAN
1. RETAILS PROFIT / DISTRIBUTOR PROFIT :-
Table no-2
current matching
BV in a month.
(9000Rs current Premium 8% till next Tag
matching) change
(18000Rs current Cycler 9% till next Tag
matching) change
(36000Rs current Silver 10% Till next tag
matching) change
(60000Rs current Gold 11% till next Tag
matching ) change
Royalty overall business will start from Diamond tag. In this income
company distribute 5% Amount of company turn over Business volume to
all diamond and above according to their business (BV).
5% of Company turnover BV
ROB = --------------------------------- x Associate BV
∑ of all diamonds above BV
9% of Company turnover BV
PROB = --------------------------------- x Associate matching BV
∑ of all diamonds above matching BV
7. Fund Income :-
ADWANTAGES
Below are the reasons why joining mlm company in India is a great business:
1) Small amount of risk- The small risk involved in multi-level marketing businesses
is among the many benefits that are actively bringing into the business. Most
businesses involve a huge deal of risks, what with the expenses that has to be met
for the facilities, products and services, and salaried individuals. MLM businesses do
not come with that many risks since people can easily join the business by paying a
small fee. More so, this fee entitles the distributor to get discounts on the products
and services being offered by the business. MLM business owners also do not have
to pay for facilities since their home can be the very base of their operations.
2) Huge potential income- There is no record on how much money you can
generate, it depends on your attempt and your decision “how much you want to earn”
as the MLM company doesn’t hold you back. Unlike regular jobs where you earn only
a fixed amount every week or month, despite the amount you work, this provides you
the flexibility of generating as much income as you want. The key of top multi-level
companies is the skills set of a network marketer, you have it and make whatever
income, which is determined by your stamina, dedication, and your willingness.
4) Time Freedom- When you are a business owner, you are creating your own
system and as you build your downlines in network marketing. This is a great
profession for people who have children, or other obligations, where the normal hours
of a 9 - 5 will not allow and keep in mind that when you work from home, or eventually
on a beach, you have cut out wasted commute time. In this glorious profession, you
choose with whom you wish to work with, when you want to work and best of all where
you want to work.
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5) Huge demand of products- A huge demand for products offered by MLM is also
worth noting. A lot of people are looking for new quality products that can satisfy their
needs. Most of these people are fed up with the commercial brands made available
to them by groceries and shopping centers. As so, you can come in with your MLM products that
are backed with studies and have been proven effective and of great quality.
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DISADWANTAGES
They feel it cheap to response any Direct Selling Agent because of No Trust.
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Draft Model Rules on the Multi Level Marketing Companies and on the
prohibited schemeunder the prize Chits and Money Circulation Schemes
(Banning) Act, 1978.
Frame clarificatory guidelines on how to distinguish between genuine
direct sales from disguised money circulation scheme.
This information was given by Minister of State for Corporate Affairs Shri
R.P.N. Singh in reply to a written question in the Rajya Sabha today..
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CONCLUSION
As we know in the present scenario there is a cut-throat competition in the market. The only
way to survive in the market is to attract the customers more and more and to provide the
best services available in the market. As it is discussed in this project about all the factors
that are
References
1. http://en.wikipedia.org/wiki/Multi-level_marketing
2. http://wiki.answers.com/Q/What_is_multi_level_marketing
3. http://www.xentrictechnologies.com/multi_level.html
4. http://www.investopedia.com/terms/m/multi-level-marketing.asp
5. http://www.leadallinv.com/en/MLMbusiness.htm
6. http://en.wikipedia.org/wiki/Multi-level_marketing
7. http://www.investopedia.com/terms/m/multi-level-marketing.asp
8. http://www.businessdictionary.com/definition/network-marketing.html
9. http://www.investorwords.com/3154/Multi_Level_Marketing.html
10. http://wiki.answers.com/Q/What_is_multi_level_marketing
11. http://www.jamesrmaclean.com/mw/index.php/Multi_Level_Marketing
12. http://www.consumerfraudreporting.org/MLMexample.php
13. http://www.diffen.com/difference/MLM_vs_Pyramid_Scheme
14. http://www.davidahanson.com/MLM-recruiting-system/
15. http://firstclassMLM.com/2007/12/05/how-MLM-works/
16. http://bethheilman.com/homebizhearts/network-marketing-business.html