Top 10 Trends in Network Marketing

 

Multi level network marketing itself is a trend and is growing its popularity day by day. There are several trends in Network Marketing for shaping the strategies and growth opportunities.

This blog will discuss the top trends in Network Marketing that guide your business to success.

Trends in Popular Compensation Plans

The most popular and successful plan keeps changing year to year. Based on the reviews of top U.S companies the most effective compensation plans are breakaway, unilevel, or binary.

Trends in Popular MLM Compensation Plan Types

Decade Breakaway Breakaway Pct Unilevel Unilevel Pct Binary Binary Pct Total
1850 1 100% 1
1860 1 100% 1
1880 1 100% 1
1910 1 33% 1
1940 2 67% 1 3
1950 5 100% 5
1960 1 100% 1
1970 6 75% 2 25% 8
1980 6 60% 4 40% 10
1990 3 14% 12 57% 6 29% 21
2000 3 12% 16 62% 7 27% 26
2010 4 14% 14 48% 11 38% 29
Total 32 29.9% 51 47.7% 24 22.4% 107

By categorising them based on the products sold, we can see that all the three plans are used in almost all the categories of products. And most of the companies with these plans are in the top 19 billion-dollar companies.

Plan popularity broken down by product type

Product Category Breakaway Breakaway Pct Unilevel Unilevel Pct Binary Binary Pct Total
Clothing & Accessories 3 43% 4 57% 0% 7
Home Care 5 56% 4 44% 0% 9
Leisure/Educational 1 20% 3 60% 1 20% 5
Multiple 8 38% 10 48% 3 14% 21
Personal Care 7 50% 5 36% 2 14% 14
Services 3 275 6 555 2 18% 11
Wellness 5 13% 19 18% 16 40% 40
Total 32 30% 51 48% 24 22% 107

From the data given, we can understand that 50% of personal care companies use a breakaway plan. Popular companies like Mary Kay, Rodan & Fields, and Monat Global all use a breakaway plan.

Basically, the plan type doesn’t necessarily depend on the product category. Here, 48% (19) use a unilevel plan. 40% (16) use a binary plan, and 13% (5) use a breakaway plan.

Conclusion

Multi Level Marketing is the best opportunity to make your life luxurious. People always find innovative ideas to grow their businesses. With these trends, you can establish your business to a great height. Also mentioning the trends in compensation plans that makes your business top the list. Stay updated with MLM trends and pass with flying colours.

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