Why Bangladesh is a better market for MLM Business?
As MLM companies are continuing to rise, about 4.7 million distributors have invested in the industry. If you bring this to developed countries such as the USA, they’d know all about it in a split second but when you bring this to Bangladesh and the rest of South Asia, this concept will look new to them.
There has been an issue going on about the abuse of MLM businesses in Bangladesh giving it a bad reputation. However, you must know that Bangladesh is a wonderful place for new investments. The country has about 160 million people who compromise a vast market for many more businesses. As the population is mostly comprised of semi-educated and uneducated people, it is natural that you find the country a negative market. But here are some reasons why Bangladesh owns the biggest and best market:
First of all, Bangladesh has a high rate of unemployment. Most of them do not have jobs because they either do not have the money to invest, there are not enough jobs available for the population or there educational level does not suit that of the available jobs in the market. But with a multi-level marketing business, there’s no need for a large investment and there’s an infinite amount of jobs available that require little education. There will only be an investment of time and effort plus a little hard work. The openings are infinite as there is easy entry and exit of participants in this industry. Plus, most MLM companies train applicants before even accepting them in the business so the right education they need will be given to them.
Second, Bangladesh offers very little competition. Right now, there are only four legitimate and approved multi-level marketing companies in the country. With this, these 4 companies can build up their names and reputation with little hassle. MLM Businesses are known to be very competitive as most of them usually have similar products and great packages. Now that there are only four companies within the country, take the chance and invest. You never know your company might be one of the biggest and most successful of all time.
If you are worried that you won’t get the right people you need in Bangladesh, then I’m afraid you’ve made a wrong assumption which leads us to the third point. Bangladeshi people are known to be very ambitious and easily motivated so if you’re looking for potential agents, you’re sure to get a lot of them here. A little training and you might get the perfect fit! There’s little talking or convincing needed. As a plus, they’re very ambitious so you’re sure to have people who will work hard to reach their quotas and targets per month.
Regarding the government, there’s no problem. The country offers very low taxation rates and easy and convenient government rules and regulations. So if you’re worried that your company might get a plunge down in 36 hours because of tax, there’s no need to be. Also, the easy rules and regulations of the government make way for fast flowing and efficient launching of the company. The company will also be ensured of a free and undisturbed production and business process. No intervention by the government unless needed. Further, Bangladesh also welcomes foreign investors very much.