NMART BUSINESS PLAN IN INDIA

You may heard about MLM or Multi Level Marketing that is a marketing strategy in which the sales force are compensated not only for sales they  generate, but also for the sales of other people down line of them that  they recruit , as a hierarchy of multiple levels of compensation.
Sometimes , this model is called as direct selling and business plan is based on the hierarchical structure that seller provides for members in down levels .
 Amway Corp is  the famous company in US that started the business model and market strategy based on the MLM , but some criticisms were against this company . The main criticism are based on the productivity of this business model and pyramid schema in marketing .The evidences show that lower levels of the pyramid never earn more profit .
Main problems of such business plans are the products which they offer to the market , for example in some practices in other Asian countries Gold coins or other types of goods that don't have any real benefits for customers were selling . This is the problem that I call productivity in this term .

WHAT IS NMART ?
Nowadays in India people are talking about nmart business plan , they want to join and become a marketer but some others are against this business model. Opposition have the evidences that this is a pyramid model and the results are not good for economy .
Company profile shows that nmart has  government proofs and certifications for business model . Company tells that it is a MLM business plan but it is not a pyramid . I do not want concentrate on the pyramid model.
I checked company 's website and products page to review and compare with other companies that I saw in past as like Q-ue-st .

Productivity :
The main differences in the business model is  retailing with different useful products , in other hand nmart has different products and starts to open malls in India .It shows that they try to make service more tangible . More focuses are on the FMCG products and different brands have been selected .
Products are same as the other retailers products that are selling in market , but nmart uses the benefits of direct marketing to increase revenue behind the employment ideas .Of course other MLM marketers also said  that they want to increase self-employment but the results are not same.

Profitability :
Second problem is the profitability of model for economy . Retailing is one of the largest industry in India and has more than 10 percent of GDP and 8 percent of employment in country . The trends show incremental rate of retailing in India . The main idea of founders may be based on these facts , but question is that the method of profit shares and distribution over the marketer . Each sales organization requires a good compensation strategy but I do not see a clear path . If it can increase the retailing industry and employment it can be new  unique business model . In my opinion in contrast with other MLM models they should develop market place with variety of goods to become a profitable business model for Indian economy.

We can assume this is a new model of BPO in India but compensation and operation are different with BPO. Company provides a schema for compensation , but it is required more regulation .They want be a new Wal-Mart in India !.
I think it is required more clarity in nmart business plan to make it more tangible for people. 

4 comments:

  1. you are very much right.The nmart plan is best of best plan in India for India. contact no. 9099481363 or visit: www.nmart.biz

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  2. ARCHANA JHA this is not a best and best plan in India. This is only grow for Rich man who is Rich and more Rich person. And who is poor man in this countary this is more poor.And you tell me this is correct.

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