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In today’s article, we will learn about Mi Lifestyle. It is one of the top marketing company in India. It is spreading very fast. Many direct sellers are associated with this company. Today we will know about the products of Mi Lifestyle? What is Mi Lifestyle Business Plan?
What are the types of income in this? What are the advantages and disadvantages of Mi Lifestyle Marketing? And whether we should join Mi Lifestyle Marketing company or not, we are going to talk about all these things in detail, so let’s start.
What is Mi Lifestyle?
Mi Lifestyle Marketing company is a multi level marketing company which we know as MLM. This marketing company is counted among the top company in India’s top company. It was started in 2013. Mi Lifestyle Company is registered by MCA from Chennai, Tamil Nadu.
This company is not that old. This company is affiliated to FDSA (Federation of Direct Selling Association). It sells its products and services on an MLM model. If you want to join it, then we are going to tell you the steps to join it, following which you will be able to join Mi Lifestyle Marketing company.
Mi Lifestyle Company Profile
Here we are telling the details about the company, in which how old is this company? There are bars about things like its website and contact details.
|Company Name||MI LIFESTYLE MARKETING GLOBAL PRIVATE LIMITED|
|Head Office||Chennai, Tamil Nadu|
|Minimum Product Purchase||5000 – 7500 Rs|
|Product Categories||Personal Care, Home Care, Agro Care|
|Directors||Manmohan Singh, Kishore Kumar, Kolla Sathya Narayana, Hakeem Abdul Rahim|
|Company Category||Company limited by Shares|
|Class of Company||Private, Non – government company|
|Registered Address||2nd Floor, LANCO HOUSE, No:25, G.N.Chetty Road, T,Nagar Chennai Chennai TN 600017 IN|
|Paid-up Capital||132.25 lakhs|
Mi Lifestyle Business Plan
It works on MLM Model. Even every MLM company business plan works almost the same. If we talk about Mi Lifestyle Marketing company, then first of all you have to join this company as a direct seller in this company. As soon as you join this company, you have to buy its products. And for the profit of you and your company, it has to be sold further by which you get commission. Later on, we will also talk about its commission model.
It is based on MLM Model, so you have to add other people below you so that your network can grow and new people have to be encouraged to buy the product. The more products your team buys or sells, the more profit/commission you get. Or can simply say that the bigger your team, the more profit you are going to get.
But you do not have to consider it as a scheme to get rich because its success ratio is 0.4%. This is so little for you to move forward that you can hardly be successful in it. But if you want to join, then you must work hard for it once. Who knows, you may fit into this ratio. So you can do whatever you want to do. Joining it is your choice but if you ask us then you should not join it because its success ratio is very less.
Mi Lifestyle Income Plan
There are many ways for you to make money in this company. About which we are going to tell in detail. You must want to know which are the income plans from which we can earn money, then that income plan is as follows
- Rank Income
- Loyalty Bonus
- Overriding Bonus
- Royalty Bonus
- Awards and Rewards
- Nomination Facility
- Retail Profit
- Sales Profit
- Performance Bonus
Rank Income: This is rank income in which you are given some percentage of the total turnover of the company. This company gives this share to the top director of this company. If you have reached the level of a top director of this company, then only you can take advantage of it. To take advantage of this, you should be a director of star golden level or above.
Loyalty Bonus: Loyalty income is given to you as a bonus by Mi Lifestyle Marketing company. If you want to take this bonus, then there must be three Leg in your downline. If someone in your downline repurchases the product, then you get a little more commission on it.
Overriding Bonus: Mi Lifestyle company gives you overriding bonus, to get it it is very important to be on Star Silver level. Otherwise you cannot avail this bonus. In this the company gives you 10% overriding bonus of rank income. It is given only up to 3 levels of downline.
Royalty Bonus: This is also a bonus given by the company, in which if you want to get it, then you need to be at Diamond level, only then you can take advantage of it. Here we have given a chart in which you will understand at which level how much royalty income is given.
Diamond – 0.40%
Royal Diamond – 0.20%
Crown Diamond – 0.20%
Crown Ambassador – 0.20%
Awards and Rewards: In this you have to fulfill some condition at every level to get this award and reward. In this, you are also provided with a laptop on fulfilling a condition.
Nomination Facility: In this, if any incident happens due to any reason, then all the business done by him is given to his nominee or family. Every company shows this as income whereas it is not any income.
Retail Profit: If you are a Mi Distributor, then you are given a discount of 10 to 40% from the original price of Mi Lifestyle products. Due to which the distributor gets to earn a lot of profit. Then you can sell it to another person and earn a substantial profit.
Sales Profit: To understand this, you have to understand BV point. The full form of BV point is business volume. It acts as a currency which is then converted into money. In this company, you are given up to 75% BV point for every product you buy. In this, there is a fixed BV point on each product. Which you get when you buy or sell goods.
Performance Bonus: To get this bonus, you have to reach the target given by the company. For this you have to do matching of 1 lakh. In this, you are given 1.5% bonus on the total purchase of the company as a performance bonus.
How to join Mi Lifestyle Marketing.
If you also want to join Mi Lifestyle Marketing company or are thinking to join then there are 2 ways for you to join it.
1. By contacting the distributor associated with this company, you can connect with this company through them. In this, it will also be easy for you to understand the plan through them. You can also get tips and tricks from them so that you can easily explain your business plan to others. Due to which your chances of success increase. According to us, if you want to join this company, then you should physically join only through a distributor.
2. The second way is that for this you have to buy online ID of Mi Lifestyle. For that you have to go to the official website of the company. Which we have also provided above so that you can directly reach their homepage website. In this you will have to fill up some important details like – Adhaar card, PAN card, document and your account number etc. After that your KYC will be done in which your documents will be verified, after that you will become the distributor of this company.
Mi Lifestyle Marketing Products Category List
It has the following categories which are –
- health care
- Personal Care
Mi Lifestyle Products
There are many categories in it, in which you get everything from kitchen items to food items. It also includes the products of Agro Industries. Essential nutrition products are present in it. It also has many products for our body care. In this, all the used products of a person have been taken care of.
Mi Lifestyle Vision
Mi Lifestyle wants to give some new lifestyle to people’s life. It wants to help people achieve their goals. If you want to participate in their vision then you can connect with Mi Lifestyle Marketing company.
Mi lifestyle mission
The mission of Mi Lifestyle Marketing company is that it wants to provide high quality products and services to the people. It wants to take its business to the next level. It is growing day by day.
Advantages of Mi Lifestyle company
Here we will talk about the benefits of Mi Lifestyle Marketing company, in which we will understand what benefits we will get by joining this company.
- Its products are of high quality products which are difficult to find in the local area. It is of better quality than other products.
- Mi Lifestyle company gives you a golden opportunity to enter into a business.
- In this, you get a chance to know and understand about healthy lifestyle.
- In this you get the freedom to work, you can work anywhere anytime. You do not need to take out time for this.
- If you join it then you can be free from financial stress. It is a global company. This gives you more exposure in life.
Disadvantages of Mi Lifestyle
If we talk about its advantages and do not talk about its disadvantages, it will not be right. It is also very important to know about the disadvantages of joining the company. Its disadvantages are as follows –
- The success rate of this company is very low, this is its biggest weakness.
- In this, it is very important for you to do an important task to get any bonus which is given by the company.
- This is a multi-level marketing company, due to which we always have a fear from it.
- In this, it is very important for you to recruit other people to earn money.
- You have to sell the product to others which is considered a very difficult task in any MLM company.
Should I join Mi lifestyle or not?
We have given you complete information about Mi Lifestyle in this article and have also talked about its advantages and disadvantages in detail. Now it should be your decision whether you want to join it or not. Our job is only to give the right information so that you can take the right decision. For this, you should take opinion from those who are at the top of the company. You must listen to them once because they know more about the company. Everything will be known how much he is earning in this company.
In this we have tried to cover all the information related to Mi Lifestyle. In this, we have provided information about the details of its product, its income plan. If you have understood then you can join it and if you have not understood then you can read this article again which will give you more clarity. After that you can take the decision.