Motivational speakers are professionals who deliver inspirational speeches to audiences, usually with the aim of motivating them to achieve their personal or professional goals. Motivational speakers are often hired by businesses, educational institutions, non-profit organizations, and other groups to inspire their members or employees.
According to some sources, the market size of motivational speakers in India is estimated to be around $1 billion, with a growth rate of 15-20% per year¹². The demand for motivational speakers is driven by various factors, such as the increasing competition, stress, and challenges faced by individuals and organizations in the modern world, the rising awareness and aspiration of people to improve their lives, and the availability and accessibility of online platforms and social media to reach a wider audience.
It is believed that motivational speakers can contribute to economic development by enhancing the productivity, performance, and morale of their listeners, as well as by creating employment opportunities for themselves and others in the industry. Motivational speakers can also influence social change by spreading positive messages, values, and ideas that can inspire people to take action for the betterment of themselves and society.
Network marketing, also known as multi-level marketing (MLM), is a business model where the participants sell products or services to customers and recruit other participants to do the same, earning commissions from both their own sales and the sales of their recruits. Network marketing is often considered a form of direct selling, where the sellers interact directly with the buyers, without any intermediaries.
Network marketing in India is estimated to have a market size of around $8.7 billion, with a growth rate of 12.26% per year³. Network marketing can contribute to economic development by providing income opportunities for millions of people, especially those who are unemployed, underemployed, or looking for alternative sources of income. Network marketing can also foster entrepreneurship, innovation, and skill development among the participants, as well as create a network of social capital and trust.
However, network marketing also faces several challenges and controversies in India, such as the lack of clear regulations, the prevalence of fraudulent and unethical practices, the negative perception and stigma associated with the industry, and the low success rate and high attrition rate of the participants. Network marketing can also have adverse effects on the economy by diverting resources and consumers from the formal and organized sectors, creating unfair competition, and generating social and environmental problems.
One of the recent controversies involving network marketing in India is the clash between two popular YouTubers and motivational speakers, Sandeep Maheshwari and Vivek Bindra. Maheshwari accused Bindra of running a scam by offering a course that allegedly teaches business skills, but actually involves network marketing of Bindra's products and services. Maheshwari claimed that Bindra's course is overpriced, unsubstantial, and non-refundable, and that he exploits his students and followers by asking them to sell his products and recruit more people. Bindra denied the allegations and defended his course, saying that it is genuine, valuable, and transparent, and that he helps his students and followers to become successful entrepreneurs. The controversy has sparked a heated debate among the fans and critics of both the YouTubers, as well as the general public, regarding the legitimacy, ethics, and impact of network marketing in India⁴⁵⁶.
Source:
(1) Speakers - India | Statista Market Forecast. https://www.statista.com/outlook/cmo/consumer-electronics/tv-radio-multimedia/speakers/india.
(2) India Consumer Speaker Market - Trends, Size & Share - Mordor Intelligence. https://www.mordorintelligence.com/industry-reports/india-consumer-speaker-market.
(3) Top 10 Motivational Speakers in India: Unveiling Fresh Voices - Medium. https://medium.com/@GlobalSpeakerGuide/top-10-motivational-speakers-in-india-6d60cd640363.
(4) Top 11 Motivational Speakers In India (2024) - xploringindia. https://xploringindia.in/the-top-10-motivational-speakers-in-india/.
(5) Top 20 Business Background Motivational Speakers in India. https://engage4more.com/blog/top-20-business-background-motivational-and-keynote-speakers-in-india-for-corporate-events/.
(6) Vivek Bindra Vs Sandeep Maheshwari: What Is The Controversy All About? Explained. https://lehren.com/featured/vivek-bindra-vs-sandeep-maheshwari-what-is-the-controversy-all-about-explained/185694/.
(7) Who exactly is Vivek Bindra? From motivational guru to alleged scammer - Here's What You Need to Know!. https://timesofindia.indiatimes.com/videos/toi-original/who-exactly-is-vivek-bindra-from-motivational-guru-to-alleged-scammer-heres-what-you-need-to-know/videoshow/106379175.cms.
(8) Decoding the Sandeep Maheshwari and Vivek Bindra Controversy. https://techstory.in/decoding-the-sandeep-maheshwari-and-vivek-bindra-controversy/.
(9) Sandeep Maheshwari Fight, 500-Crore "Scam": Vivek Bindra's Past Scandals. https://www.ndtv.com/india-news/from-500-crore-scam-to-hurting-sikhs-vivek-bindras-past-controversies-4727824.
(10) Sandeep Maheshwari vs Vivek Bindra controversy? EXPLAINED - Reason? Who .... https://www.etnownews.com/news/sandeep-maheshwari-vs-vivek-bindra-controversy-explained-reason-who-said-what-details-article-106213582.
(11) Sandeep Maheshwari Fight, 500-Crore "Scam": Vivek Bindra's Past Scandals. https://bing.com/search?q=recent+controversy+between+maheshwari+and+Vivek+bindra.
(12) The Impact of Digital Marketing on the Indian Economy. https://www.marketexpress.in/2023/06/impact-of-digital-marketing-on-the-indian-economy.html.
(13) Network marketing in india 2024 - Future of MLM in India. https://blog.infinitemlmsoftware.com/growth-of-network-marketing-in-india/.
(14) What is the scope of network marketing in India 2025 to 2030?. https://themlmdata.in/2022/08/05/what-is-the-scope-of-network-marketing/.
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