The Multilevel Marketing industry is a rapidly growing sector of the global economy. With over 58 million people worldwide involved in this type of business, it's no surprise that the industry has an estimated worth of $190 billion and generates more than $35 billion in U.S. retail sales each year. This blog post will explore some interesting statistics about Multilevel Marketing, including who participates, what products are sold, how much money they make on average and other key facts about this booming industry.
Multilevel Marketing Statistics Overview
Approximately 74% of Multilevel Marketing participants are women.
This statistic is significant in the context of a blog post about Multilevel Marketing Statistics because it highlights the disproportionate representation of women in the industry. It is a reminder that women are often the driving force behind the success of Multilevel Marketing businesses, and that their contributions should not be overlooked.
Personal care products make up the largest segment (32.2%) of the Multilevel Marketing industry.
This statistic is a telling indication of the success of the Multilevel Marketing industry, as it demonstrates that personal care products are the most popular segment within it. This highlights the fact that the industry is thriving and that consumers are increasingly turning to it for their personal care needs. Furthermore, it suggests that the industry is well-positioned to continue to grow and expand in the future.
Multilevel Marketing participants in the US earn an average of $2,400 per year.
This statistic is a telling indication of the potential of Multilevel Marketing as an income source. It shows that, on average, participants in the US are able to generate a significant amount of money through their involvement in the industry. This is an important point to consider when discussing the potential of Multilevel Marketing as a viable source of income.
Approximately 80% of Multilevel Marketing participants are part-time workers.
This statistic is a telling indication of the nature of Multilevel Marketing. It reveals that the majority of participants are not relying on it as their primary source of income, but rather as a supplemental income. This is important to consider when discussing the potential of Multilevel Marketing as a viable career option.
In 2019, the Multilevel Marketing industry generated over $35 billion in U.S. retail sales.
This statistic is a testament to the success of the Multilevel Marketing industry in 2019, demonstrating the immense potential of the industry to generate significant revenue. It is a powerful indicator of the industry's growth and a reminder of the potential for further success in the future. This statistic is an important piece of information for anyone interested in learning more about the Multilevel Marketing industry and its potential.
More than 50% of Multilevel Marketing distributors quit within the first year.
This statistic is a telling indication of the difficulty of succeeding in Multilevel Marketing. It highlights the fact that the majority of distributors are unable to make a profit in their first year, suggesting that the business model is not as easy to succeed in as it may seem. This statistic is an important reminder that Multilevel Marketing is not a get-rich-quick scheme, and that it requires dedication and hard work to be successful.
The U.S. accounts for 20% of the global Multilevel Marketing industry.
This statistic is significant in the context of a blog post about Multilevel Marketing Statistics because it highlights the immense size and influence of the U.S. market in the global MLM industry. It demonstrates the potential for growth and success in the U.S. MLM market, and serves as a reminder of the importance of understanding the U.S. market when considering MLM opportunities.
Over 90% of Multilevel Marketing members never make any profit.
This statistic is a stark reminder of the reality of Multilevel Marketing: the vast majority of members never make any profit. It serves as a warning to potential members that they should be aware of the risks associated with this type of business model before investing their time and money. It also highlights the need for more transparency and regulation in the industry to ensure that members are not taken advantage of.
Approximately 13% of Multilevel Marketing participants are between the ages of 18-24.
This statistic is significant in understanding the demographics of Multilevel Marketing participants. It indicates that a significant portion of those involved in MLM are young adults, which could be indicative of the appeal of the business model to this age group. This could be due to the potential for quick financial gains, the flexibility of the job, or other factors. Understanding this statistic can help inform strategies for marketing and recruiting for MLM companies.
Approximately 77% of the Multilevel Marketing participants have a high school education or higher.
This statistic is significant in the context of a blog post about Multilevel Marketing Statistics because it demonstrates that the majority of participants in this industry have a solid educational foundation. This suggests that the industry is populated by individuals who are well-equipped to make informed decisions and understand the complexities of the business. Furthermore, it implies that the industry is not exclusive to those without a higher education, but rather is open to a wide range of individuals.
Wellness products, such as supplements, account for 29.5% of the global Multilevel Marketing industry sales.
This statistic is a testament to the power of wellness products in the Multilevel Marketing industry. It shows that these products are a major source of revenue for the industry, and that they are highly sought after by consumers. This statistic is important to consider when discussing the success of Multilevel Marketing, as it demonstrates the potential for growth in this sector.
Roughly 50% of Multilevel Marketing participants are introduced to the opportunity by family or friends.
This statistic is significant in the context of a blog post about Multilevel Marketing Statistics because it reveals the power of word-of-mouth marketing in the MLM industry. It shows that the majority of people who join MLM companies are doing so because they have been referred by someone they know and trust. This indicates that the MLM industry is heavily reliant on personal relationships and referrals, which is an important factor to consider when evaluating the success of MLM companies.
Approximately 40% of Millennials have participated in Multilevel Marketing at some point in time.
This statistic is significant in the context of a blog post about Multilevel Marketing Statistics because it demonstrates the prevalence of this type of marketing among Millennials. It shows that a large portion of this generation has been exposed to and has participated in Multilevel Marketing, indicating that it is a popular and successful form of marketing.
Health and wellness is the fastest-growing segment of the Multilevel Marketing industry.
This statistic is indicative of the increasing demand for health and wellness products, which is a testament to the growing popularity of Multilevel Marketing. It shows that people are increasingly turning to MLM companies to meet their health and wellness needs, which is a strong indication of the industry's success.
Conclusion
The statistics presented in this blog post demonstrate the immense size and scope of the Multilevel Marketing industry. With over 58 million people involved worldwide, it is a multi-billion dollar business that spans across multiple countries and continents. Women make up 74% of participants, with personal care products being the largest segment at 32.2%. The average US participant earns $2,400 per year while top leaders can earn 95% of all commissions.
In 2019 alone, U.S retail sales generated over $35 billion for the industry as a whole; however, more than 50% of distributors quit within their first year due to lack of profit or success in selling products/services. Despite these challenges though, health and wellness remains one of its fastest growing segments - making it an attractive option for many Millennials who have participated (40%) or been introduced by family/friends (50%).
References
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4. - https://www.forbes.com
5. - https://www.ftc.gov
6. - https://www.dsa.org
7. - https://www.skepticink.com
8. - https://www.businessinsider.com
ZipDo, cited June 2023: Multilevel Marketing Statistics
