Is Tupperware MLM Going Bankrupt Or Closing Down In South Africa? Welcome to my article on the Tupperware MLM company. Before I answer that question, let’s take a look at some of the recent events surrounding the company.
Tupperware has been a household name for decades, known for its durable, high-quality storage containers.
Tupperware was founded by Earl Tupper back in 1946. The initial idea was to provide its plastic products to the public and at the time it was what was called a patented flexible airtight seal. Over the years, it dominated the market, and to this day I have some Tupperware products that are very durable and flexible, and proud to have them.
Since its inception, it has operated using a Multi-Level Marketing (MLM) model, where individual distributors earn commissions not only on their sales but also on the sales generated by the recruiters they bring into the business.
This model has created opportunities and challenges for the company over the years.
Tupperware Problems Started Back In 2023. With a huge payment obligation running to over 100 million dollars, the company did manage to secure creditors, as well as a refinancing deal, and on top of that securing an extension to pay off the debts but it was not enough.
Coming back to 2024, their main plant in South Carolina, had to shut down, resulting in 148 layoffs.
The bottom line is the latest news is that Tupperware company now filed for bankruptcy leaving their share price to take a massive drop to almost 75%
So, what does this mean for the brand in South Africa?
Tupperware in South Africa – What is The Story?
The economic climate hasn’t been kind to many businesses, and it seems like Tupperware might be feeling the heat.
For distributors and consumers, this news can be unsettling. Those who rely on income from Tupperware sales might feel particularly vulnerable.
Looking ahead, Tupperware’s future in South Africa will likely depend on how well it adapts to the changing market. Innovations in product offerings and marketing strategies will be crucial.
Distributors should stay informed and be prepared to pivot if necessary, exploring alternative income sources while keeping an eye on Tupperware’s announcements.
In summary, while Tupperware is facing significant challenges, all might not be lost.
At the time of writing this article, the Tupperware website was still live. Looks like it’s business as usual. However, only time can tell how long it will last.
But here is the question, where do you go from here?
Should You Rely On The Tupperware Business?
I understand that you want to grow a business of your own. And that’s awesome.
You are doing something that will allow you to be in charge of your destiny. Instead of building someone else’s dream, you are focused on building your dream.
And the fact that you took action by investing in Tupperware shows that you are willing to do what many others are not.
Let me just share with you two reasons why right now Tupperware might not be the right choice to get you to your entrepreneurial goal.
Firstly, their product line is highly competitive. I love the Tupperware range, but my wife and I have tons of Tupperware products that sit and collect dust. It’s highly unlikely that we will shop for another product.
And even if we do, these days, there are other brands that we can choose from, that may offer affordable pricing. I bet that other people might be thinking the same.
Secondly, it is an MLM. Yes, you can make a profit from retail sales. But the goal is to get your downline to also make sales so that you can earn as well. This is easier said than done.
There are business models that you can pursue that do not have these sorts of challenges.
You do not have to outlay capital to sell or make a sale. You do not have to host “show day parties” and beg family or friends to support you.
One of the business models that I would recommend is something called affiliate marketing.
Let me end the article by showing you how affiliate marketing helped me to make money online. Perhaps it’s something that you might be interested in.
How I Earn An Income Online
I transitioned from the health field to the online world.
I faced a major health challenge that affected my ability to do my day job as a pharmacist, and I had no choice but to find another way to bring in the money. You can read my story here.
It’s thanks to affiliate marketing that I can earn a passive income online.
With affiliate marketing, you do not have to focus on recruiting people at all. There is no cold-calling or having “tea parties” or having to do any door-to-door selling.
It’s a great business model for newbies. Even if you have no marketing or any technical experience with website building and so forth.
You have the freedom to build your business around a topic or niche that you enjoy talking about. And you are not restricted to marketing only ONE product or service.
It would be my pleasure to show you more about how I made money with this business model since 2016. Let me show you how it can benefit YOU as well by clicking here
I hope that this article on the future of the Tupperware business has helped you out. If you have any questions or comments, just give me a shout below.
Looking forward to hearing from you.
Regards
Roopesh