If there was any MLM business flourished after SpeakAsia, it was NMart Retail. When the NMart concept was launched, people (specially MLM leaders) were happy because they were very upset after Speak Asia scam. Many of the people whose bread & butter run through MLM business only was not getting any response from other product oriented MLM business.
But through NMart, they had got the reason to convince the people. The concept was designed so beautifully that, people were attracting to its business plan. They forgot about the past experience they had gone through in Speak Asia, Ram Survey, Pratibha Survey etc. More than 50% of the people who promote such business know that, this is nothing but another scam & the company will not run more than 1-2 years but still they promote because they believe they could make big money in just 1-2 years from this business.
And this happened with NMart as well. I have got many offers in the past from different people to join NMart but after knowing about lucrative plan of NMart, I was sure its not going to last for more than 2 years. The end will be the same like Speak Asia or other similar MLM.
And that is what happened with NMart Retail Business!
Is NMart Site Closed or temporary down?
The NMart website is down from the last 1 week & people were not able to login to the NMart site. The website URL of NMart was NMart.co.in. People were unable to open the website URL. Even the website is disappeared from Google search. I am sure the NMart officials have de-indexed the whole NMart website from Google.
How Nmart Retail members are reacting?
This is one of the sad part about any MLM business. The biggest victims of any MLM business are all those people who joined recently in the last one month. After going through the problems of Nmart members in other discussion forums & consumer complaints sites, I came to know how much people have lost in the NMart business.
They try everyday at least 3-4 times to open the website nmart.co.in but get no success. They are eagerly waiting for any latest news about Nmart.
So What was the concept of NMart Retails Business?
As per the Nmart business plan, you can become a member by paying Rs. 5500 for 1 ID. If you want to take multiple IDs for other members of your family, you have to pay in multiple of 5500.
After you become an Nmart member, you will get the following benefits:
- You will get 48 shopping vouchers worth Rs. 220. You can redeem 1 voucher every month from any of the NMart Retail shop. (Now I am not sure whether they have enough number of outlets in India & if they are real.) So you have to wait for 48 months (4 years) to consume all the shopping vouchers. Its a very big period as most of such companies close their business in just 1 year. More than 70% members in any MLM company join in the last 2 months only. So more than 70% of the members will be in total loss if any company plan to close its business.
- All the NMart members will receive an smart card ( I don’t know how smart is that card).
- Every NMart member will get a royalty bonus of 11,000 after 4 years with condition apply. (Members are really loyal, if they waited for 4 years but is any company loyal enough to wait for 4 years to pay that much amount.)
And then comes the business plan! This part is what, every MLM leader in India wants to join the company for. Make it more lucrative, more & more people want to become its members.
No matter how useless the product is or how fake its concept is, company will grow if the compensation plan is good.
NMart is not the last company. Many similar companies are still running & many will come in future but people will not take any lesson. They will again join such company & again loss their money.
Its just because of 2 reasons:
- Because these companies know, they can make the people fool through many top money oriented MLM networkers.
- And because you want to make lazy money.
Are you a member of Nmart retails or any similar MLM company? If you got any news about NMart business, share it through comments with other members.