The future of direct selling, even during challenging times, looks promising. The COVID19 pandemic has undoubtedly resulted in unemployment globally. With global businesses shutting operations, the demand for independent career opportunities has increased. Today, we discuss the importance of entrepreneurship development and its impact on the future of direct selling.
Before we start, let me introduce myself and talk a little more about the website titled- “Be Your Own Boss“. As a woman, I always believed in taking charge of my career. However, as an aspiring IT professional in a leading corporate firm, opportunities were hard to come by.
I was in a position where I had to depend on my monthly salary even to plan a vacation with my friends. In terms of creativity, I was stuck in a place I did not want to be.
As the name suggests, the website titled “Be Your Own Boss” is all about redefining your career. My experience at QNET has been nothing short of inspiring. For example, while I was looking for new career options, a friend introduced me to a QNET business opportunity.
Well, that’s it. My life had changed. From a career where I was responsible for handling finances, I was here working mostly with people. Although starting a direct selling business in India is tough, imagine starting a business just by purchasing QNET India products.
From the time I’ve joined QNET India, my life has changed for the better. I have achieved financial independence and can perform at the highest level. The most important part? I have peers and mentors who push me tireless to chase my dreams!
Now you can too! Register with QNET today!
What is Entrepreneurship?
Before going into the meaning of entrepreneurship, let us discuss direct selling.
Ever heard of a Pyramid Scheme?
It is an illegal business activity that aims to recruit people for money with a false promise of offering products and services. People who join the network are motivated to recruit more individuals, which only profits the higher management.
With no business structure, the Pyramid Scheme is fraudulent and frowned upon.
On the other hand, direct selling is the trade of products and services between a manufacturer and the end consumer. As there are no agencies or retailers involved, having strong interpersonal skills is vital.
Compared to a Pyramid Scheme, direct selling has a regulatory body. For example, the India Direct Selling Association of IDSA monitors government policies and ensures transparency within the direct selling industry.
Therefore, considering the scope and promise of the future of direct selling, registering with QNET to start a direct selling business in India is your best option.
Kickstart your entrepreneurship journey with QNET India products today!
What is Entrepreneurship Development?
Before getting into the details, let me talk about the meaning of entrepreneurship.
An entrepreneur is a person who is willing to take calculated risks and start a new business. An entrepreneur who has an idea and wants to pursue the same is called entrepreneurship. This involves managing a workforce, staying on top of technology, market trends and infrastructure.
Although entrepreneurship is considered a risky journey, it is equally rewarding. Suppose you have the courage to learn from your mistakes and are willing to experiment with market trends. In that case, even you can start a direct selling business in India.
Now that we know what entrepreneurship means, what is it that defines entrepreneurship development?
According to a trusted source, entrepreneurship development is defined as improving, learning and enhancing the skillset and knowledge of entrepreneurs. This may include management and organisation of resources important for smooth business operations.
What is the Process of Entrepreneurship Development?
Entrepreneurship development and personal development are similar in nature. While personal development focuses on improving interpersonal and social interaction skills, entrepreneurship development focuses on skillsets to run a business.
Below is how the process of entrepreneurship development program works:
Set an Objective
Be it any business opportunity, the secret to success lies in setting a goal or an objective. As an experienced entrepreneur in the direct selling industry, you are responsible for setting goals initially.
The direct selling industry is extremely challenging if you are not willing to put in the work.
The absence of an objective in an entrepreneurship development program can result in poor time management, wasted capital and most importantly, ineffective use of potential human resources.
Look for Mentors and Training Professionals
Dev Wadhwani, a QNET V- Partner, success in network marketing or the direct selling industry lies in working with people. Although the experience can be overwhelming at the beginning, with time and experience, you will be on track.
The secret to success? Mentorship and continuous learning.
Quoting a similar example, Nasib BR, an associate QNET V-Partner, says, “At QNET, there is always someone looking over your shoulder”. In an entrepreneurship development program, the secret is to invest in continuous learning and training professionals.
Seeking help from established entrepreneurs can make the difference in staying confident or buckling under pressure.
Identify Local Target Markets
Before conducting or participating in entrepreneurship development programs, make sure you identify local target markets.
For example, the gig economy offers resources that seek independent careers. Therefore, focusing on aspiring entrepreneurs can help you curate training content based on current market trends for maximum impact!
Future of Direct Selling in India
According to the World Federation of Direct Selling Associations or WFDSA, India saw a total of 5.7 million direct sellers in 2018-2019.
Based on current research, these numbers will rise to 18.1 million by the end of 2025.
Therefore, considering the future of direct selling and the opportunity to start a direct selling business in India, enrolling with QNET India is a great idea.
Get your favourite QNET India products today and be your own boss!