The last years there is a big growth in the travel MLM industry as many new network marketing companies have entered that field and many individuals choose to book their vacations through their independent travel agents. Nevertheless despite the growth that the industry experienced the whole sector is posed for more growth in the near future. Two factors would greatly contribute to that.
First, the travel industry is a multi-trillion one in terms of dollars spend as almost everyone takes vacations in the western world today, even if it is for a few days. Add to that that there are billions of people in the rest of the world that are seeing their disposable income to grow every year, people that would naturally at some point spend some of that money towards vacations, and would talk about trillions more entering that market.
Even if the travel MLM companies hold the same percentage of that market we would still talk about a phenomenal growth that could only be matched by the health and wellness industry. Of course someone can argue that at the current time due to the problems in the US economy the whole world is poised for an economic recession. Although such thing is possible sooner or later the American economy would get healthy again dragging the rest of the world with it. So the current setback is only a fluctuation to the overall trend which is upward.
Second, the network marketing companies that are active in the vacation business are getting more mature every year and are offering a greater variety of travel products and deals for every budget. From high end luxurious vacations to cheap choices satisfying everyones needs depending on his financial situation. Due to this the people start choosing this companies and their independent agents more often than they did in the past. And we are talking about real customers not distributors booking their own vacations.
The public starts seeing the multilevel marketing companies in this field as real legitimate businesses that have to offer them value for their money and not as mere network marketing schemes. That shift in the publics attitude, although still many disregard businesses that operate under this model, would continue in the next years sending more and more customers to independent travel agents. That would lead to an increase in the market share that MLM companies have which means even more money for its distributors.
Of course, myriad other factors would play their role, no matter how small, in the growth of this industry under the direct sales network marketing business model. But the above two that we mentioned are the more important and would play a very significant role in the future expansion.
As we can see those involved in a travel MLM are very lucky as a bright future expects them, if they are good in their business of course. The sales are going to increase and many others would decide to join their organization as distributors as the industry expands which means additional income from referral fees.
Furthermore, the public is to benefit also as the competition from multilevel marketing business would drive prices down and offer to the people more value for their money. And this time the profits would not end to a few giant corporations that control a big share of the market, but to many individual home business owners that joined such income opportunities. This is a good thing for the economy too when money gets distributed to many individuals instead of concentrating in the hands of a few. So be ready to experience a great expansion and growth in this industry in the near and further future.