What is going inside the cosmetic industry with COVID-19 Panic happening all over the globe?
Picture this with me for just a moment....
Malls are not fully open....
Cosmetic counters are halting operations....
MLM Companies like Avon and Mary Kay can't host in home parties....
and how many of you have put lipstick on this week....under your mask?
The cosmetics industry was worth $93.5 billion in the US market in 2019. This is an increase of $74.7 billion from the year before.
The numbers for 2020 won't be so good.
Celebrities, Artist and Industry friends alike have seen this decline just over the last month.
Without a Cosmetic Industry, what will happen to the economy?
Loosing 93.5 Billion is no small number.
There is however some good news!
Online shopping is way up, selling your MLM products online while working from home has saved some people during the job loss wave of this Pandemic.
Beauty companies are now reaching towards Affiliates to promote their brands from home, so now the cosmetic industry can still thrive....even without the brick and mortar business model.
At this point only time will tell how all of this will work out....but for now we can just hold tight to our palettes because who knows if they will stop making them.....