MALAYSIA MLM INDUSTRY
There are about 1300 Direct Selling Companies registered with Malaysia Ministry Domestic Trade, Co-operative and Consumerism (MDTCC), Malaysia as in Nov 2010. However, year 2008 official statistic from MDTCC showed that only about 700 of the direct selling companies are still active, amongst them about 400 are categorized as Multi Level Marketing (MLM); this group of active MLM companies have recorded about RM4 billion sales in year 2007.
The economy has been going through ups and downs recent years but MLM industry still progress steadily without much affected. Some of the key players have performed greatly to outshine others; this is a very encouraging sign for the industry. Undoubtedly, MLM is the journey to career establishment, financial freedom, personal development, etc; it is about opportunity and life fulfillment for the achievers.
MLM is always an industry of wealth and opportunities which offered a way for success and achievement in life, wealth and personal development as well. There are undeniable facts that MLM has created a lot of success stories around us, therefore many others are going after it regardless individuals or corporate.
(source : Ministry of Domestic Trade, Co-Operative and Consumerism)