MLM is called Multi-Level Marketing, Network Marketing or Direct Selling Company. MLM was started in India by European major Oriflamme in 1995. Although Direct Selling is legal as per the Indian law, Multi-Level Marketing is often confused with Money Chain, which is banned by Prize Chit & Money Circulation Schemes Act, 1978. Here We’ll discuss all the details about MLM and How to start it.

MLM is a business model that you can start right from your dining table and build a huge income & empire. MLM companies are divided into many Industry sectors like FMCG, Healthcare, Holiday vouchers, Education, and many other Products and Service sectors. If you already worked in any MLM Company. And now, you want to start your own MLM Company. In this article we are going to talk about How you can start your own MLM Company in INDIA.

A Lot of people want to start their own business but because of many difficulties like lack of investment and huge initial efforts not everyone can succeed. Nowadays, many people in our country want to start their own business or they are looking for an additional income source. MLM is the perfect industry to start because it does not require huge investment and you can do it on your own time.

All the people or the group you recruit or convince to join the same MLM company are known as downlines for the recruiters. And the best part about working for an MLM company is that you can schedule your work according to your timings and earn a passive income.

Important Things You Should Know Before Starting Your MLM Business:

As we all face failure and success at times. Many people close their company after facing failure. Make sure that this does not happen to you. Before starting your own MLM Company, you have to know the realities of MLM Companies.

• Start a business in something which is realistic.
• Start by analyzing the market demand.
• Start by identifying your target market, So it could help you to grow your company.

Now Let’s Discuss, How You Can Start Your MLM Company?

1. Decide about Products or Services you want to have in your MLM Company and Finalize them. Either you can Manufacture your own Product or find a Service provider who can provide products you want to sell. Good Product and Well-planned Strategy is Must.
2. Register your company as LLP (Limited Liability Partnership), PVT LTD (Private Limited), Other corporate documentation like MOA (Memorandum Of Association) and MOM (Memorandum Of Management).
   Here are the documents you will require to register your MLM Company:
   • Pan Card
   • Aadhar Card
   • GST Number
   • Bank Account Number
   • Trademark of Your Brand / Company
3. You will also need a Website with details of your Company, Products and Few Other Things.
4. You will also need MLM Software to manage operations of your MLM Business.

Besides all these requirements it is also required that you have a little understanding about MLM Plans so that you can decide a suitable MLM Plan for your MLM Company. There are many plans that you can choose from for your MLM company.

The List Of Few Popular MLM Plans Which Are Used In MLM Business:

• Binary Plan
• Uni-level Plan
• Matrix Plan
• Generation Plan
• Binary Generation Plan
• Board MLM Plan
• Monoline Plan
• Auto pool Plan
• Hybrid Plan, etc.

There are few MLM Plans other than Plans listed above. You can choose any MLM Plan based on your requirements and integrate it in your MLM Business.

let’s See Some Of The Advantages Of Starting Your Own MLM Business.

1. Lesser Risk:

Unlike the traditional business involving huge risks and investment responsibility, MLM business is far more compatible. Anyone can start their own MLM Business without worrying much about failure because it involves very low risk.

2. Low Operating Cost: 

This business is typically more reliable, qualifying and realistic. There are no direct expenses, infrastructure or employee’s salary involved in this. The network marketing model fulfills all the requirements to run a business smoothly as compared to Traditional Business.

3. High Flexibility And Minimum Requirements:

Running MLM Business have very few requirements which makes it highly flexible. A good understanding of Business and Marketing skills can help you to fulfill your goals in MLM Business which gives you flexibility and financial backup.

4. Easy To Operate:

Due to advancement in technology it’s easy to connect and build relationships with anyone using The Internet, Portable Devices and Social Media these days. Which makes MLM Business easy to operate.

Nowadays the multi-level marketing industry has a lot of Growth Potential and that’s why everyone is excited to start their own MLM business and earn more money.

This is how you can start your own MLM company, become an entrepreneur and establish a successful MLM Business.

Hope this article helps you to understand more about How you can start your own MLM Company. If you still have any questions about How you can start your own MLM Company, you can contact us.