The coronavirus is rapidly destroying the world economy. Only the strongest players will remain on the market. However, it can be difficult to maintain motivation, especially now, during the pandemic. What happens in the MLM industry then? The editors of the Ranking MLM portal immediately raised this questions and asked a number of companies from the network marketing industry. Some organized an action plan, others left us unanswered. How did the coronavirus epidemic affect the multi-level marketing business? You will find out in today’s article.
Is coronavirus impacting the MLM industry?
CORONAVIRUS IN THE MLM INDUSTRY
It can be safely said that the multi-Level marketing industry is mainly based on online sales and e-commerce activities. Through less and better known social media sites and applications, new people are being sought to collaborate. The earning online also allows the perfect building of a personal brand, which is an inseparable factor of success in these times. There is a reason why reason MLM is called network marketing. Thanks to numerous applications it is possible to hold meetings and sell products online. After such a description of the functioning of the industry the following argument might be concluded :
If the whole activity of multi-level marketing is based on the Internet, then at a time when the labour market is ruled by a coronavirus, the industry should flourish. But is it really so?
THE MOST IMPORTANT THING IS THE PRODUCT
The MLM industry is often mistakenly associated with the financial pyramid. It’s all because of dishonest companies from this sector that try to make big and fast money under the cover of networking – just to disappear from the market in a moment. These companies differ from the honest ones mainly because they do not have a real product. And it is the product in today’s article that is the key!
CORONAVIRUS CAN STOP PRODUCTION
Can coronavirus stop production?
Most companies in the Multi-level marketing industry have a product as a good, not a service. Returning to the main topic, which is coronavirus – so you can have doubts about the further functioning and stability of companies. The economy around the world is experiencing growing problems. Many companies have ceased functioning due to the safety of employees, but also through stricter government regulations. Production in many enterprises has been suspended. People have been suspended or lost their jobs. Pervasive panic and embarrassment can be seen. Unfortunately, these aspects also apply to the MLM industry.
Therefore, to meet the expectations of our readers, the editors of the portal decided to contact companies by e-mail, asking for information,
“MLM opinions“, on how they are dealing with the crisis. Do partners and coworkers have anything to fear? What measures have been implemented to counteract this?
BELOW THERE IS A LIST OF COMPANIES WITH THE ANSWERS WE HAVE RECEIVED
1. FM WORLD Ltd.
Ranking MLM Editors: How has coronavirus impacted your business?
“We sell mainly through our website and social media. In general, we’ve always focused on the Internet, encouraging Business Partners to act online and giving them helpful tools. That is why the coronavirus epidemic did not affect our operations particularly strongly, although it forced us to use new technologies on a larger scale. The premiere of the catalog on March 14 took place online (for the first time in the company’s 15-year history). We have transferred all trainings to the Network. Our experts organize video conferences with the listeners, in the same way employees communicate with each other. “
Ranking MLM: What internal actions have been taken to counteract, fight the epidemic and eliminate its effects?
“We closed the showroom in the company’s headquarters, which is, among other things, a pickup point for orders. We have also introduced a list of people arriving at the plant. We informed about hygiene rules prepared by WHO and equipped ourselves with hand sanitizing liquids. Above all, however, to prevent the spread of the virus, we directed our office staff to the home office. They work remotely full-time. For now, until Easter. Only people whose physical presence is necessary for the functioning of the company remained in their current positions. “
Ranking MLM: Has the production been suspended or restricted? Can we expect delays in orders?
“No, we have not limited the production and distribution so far. There are no delays in delivering orders. We hope that the situation will not change. “
2. SOUVRE
“Souvre supports its community in every situation, as it ensures the development of online business without compromising health, constant access to products and invaluable knowledge of experts.
In view of the current situation, for the sake of the Souvre Partners’ safety, the company recently provided its Partners with important information on the implementation of shipments and completion of formalities. – The carrier handling the transport of Souvre parcels, has developed a new form of parcel delivery, ensuring comprehensive handling of the PDA device by a courier, to eliminate the need for the parcel recipient to sign – says Anna Hankiewicz, PR Manager Souvre. The company also encourages to make payments in advance in order to minimize contact with cash. To limit physical contact with postal employees or courier companies, the basis for settling Souvre incentive programs is only sending a scan of the signed document.
In cooperation with an expert, Dr. Jarosław Słoń, Souvre has developed sets of dietary supplements that improve body immunity, mental condition and metabolism. – In addition, we equipped the Souvre community with additional knowledge about how the immune system works, ways to fight viruses, and the role of individual ingredients in the human diet. The YouTube channel Souvre Health & Beauty has a series of videos devoted to this topic – adds Anna Hankiewicz.
Campaign #stayathome and earn online began with a statement of the President of Souvre, Waldemar Smoliński, who emphasized: – Souvre business is strong, stable and safe, therefore, despite adversity, we will function. The video appeared on the social media Souvre March 13. The campaign is continued with the participation of Souvre Partners who show that working from home is a great solution, not only in the era of pandemics.”
3. LAVAVITAE GMBH
MLM Ranking Editors: How has coronavirus impacted your business?
“Coronavirus has impacted our operations in such a way that the entire company – with the exception of logistics – now works remotely, so-called home office. ”
Ranking MLM: What internal actions have been taken to counteract, fight the epidemic and eliminate its effects?
“As we mentioned earlier, all employees – not counting logistics – were given the opportunity to work remotely. All employees also received specific safety instructions from us. “
Ranking MLM: Has the production been suspended or restricted?
“No. The production has not been stopped or restricted. “
Ranking MLM: Can you expect any delay in orders?
“You don’t have to expect any delay in orders as long as the courier is able to do his job.”
Ranking MLM: Is the company still functioning?
“Yes, the company is still functioning.”
Ranking MLM: Has coronavirus affected your business in general?
“No. Therefore, it can be said that it practically did not concern us. “
SUMMARY
First of all, on behalf of the Ranking MLM editorial staff and readers, we thank the above-mentioned companies for providing quick and reliable answers. After the statements of the MLM companies, we conclude that thanks to the quick response – they remain stable. First, sending employees to the so-called home office shows that you can run a company and take care of the health of employees. The second positive aspect is that any situation can be used. Entrepreneurs showed creativity. In addition, they strengthened their marketing and market position. We are still waiting for information from other multi-level marketing comapnies.
Weronika Mielcarek
See also our articles at https://rankingmlm.com/
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