WORLD’S TOP 10 MLM COMPANIES – BEST MULTI LEVEL MARKETING COMPANIES
Multi level marketing (MLM), with various nomenclature ranging from pyramid selling to network marketing to referral marketing, is a marketing strategy in which sales teams receive commissions or compensation not only for the sales of goods(mostly) but also from the sales of other team members, recruited under them.
The recruited sales member is termed the recruiters down or base line, with the potential of providing several levels of earning commission.
Are multi level marketing companies legal? MLM is a form of direct marketing or selling, in which marketing teams endeavor to sell products directly to end users, by methods which include relational referrals and word of mouth advertising.
GUIDE: MULTI LEVEL MARKETING BUSINESS PLAN
Although the origins of Multi-level marketing is not entirely exact, many scholars are of the opinion that the first legally registered MLM marketing structure was instituted by California Perfume Company( now known as Avon Products).
The following all top multi level marketing companies in the worldactively pursue mlm structure as the core operation of their businesses:
MARY KAY COSMETICS (USA)
Mary Kay Inc is number one on the list of privately held top 10 best mlm companies. It was founded in 1963 by a woman going by the same name. Mary Kay offers for sale to the public beauty products for ladies (although there are a number for men). These products include age fighting moisturizer, ultimate mascara, mens facial wash, cologne spray, hand cream, body spectrum sunscreen.
In 2011, this top mlm company in the usaposted revenues topping 2.9 billion USD, with staff strength of about 5,000.The MLM structure at Mary Kay offers the opportunity to become beauty consultants. The startup cost is around $100 and retail sales could potentially earn the consultant a 50% return on investment, if sold at full retail price.
Apart from the monetary incentive for consultants to earn from direct sales and from the sales of their recruits, there is also the opportunity to win a car of prestige, in this case a Cadillac, decked in various unique company colors, depicting the length and level of achievement within the Mary Kay MLM marketing structure.
YOUNG LIVING OILS (USA)
Young living Oils deal majorly on the cultivation and refining of essential oils, needed for a healthy lifestyle. With over 20 years business and production in this particular niche market, Young Living Oils is providing the demands of a better informed, modern society that views natural products as a sure means to longevity and good health.
The products touch on areas such as natural cleaning, healthy cooking, pets, family health, multivitamins, weight management therapies and age base nutrition. Founded by Dr Gary Young, this successful mlm company offers the following opportunity in its MLM structure- distributors get 8% of the sales of their direct recruits, 5% of the sales of their indirect recruits and 4% of the sales for the next three down lines.
Ascending up the MLM ranks at Young Living Oils will gift distributors, further benefits that range from 25% bonus on first three months of sales from recruited team members to a 0.5% of Young Oil commissionable sales.
ORGANO GOLD (CANADA)
Organo Gold began making premium coffee in 2008, in Richmond B.C., Canada. From humble beginnings (this largest and top paying mlm company to work for in Canada started operations from a small shop, with just three employees), it has become one of the fastest growing nutritional network marketing firm, with global sales of its coffee mlm based products hitting the 213 million USD mark.
The selling point of its coffee staples is that they are infused with Ganoderma, an ancient Chinese herb, reputed for its therapeutic effects. Its MLM strategy is predicated on the acronym KISS- Keep It Simple and Short, which emphasizes mentoring, support, sharing earnings and working as a team.
Distributors are entitled to starting bonuses of $20 for the sale of a $199 starter pack, while retail commissions can get to as high as 50%.
AMWAY ( USA)
AmWay, which is a byword for the American way, came into existence as a business entity in 1959. This top ranked mlm company deals in wide range of products ranging from lifestyle to nutritional to beauty and healthcare. In 2014, Amway posted revenue figures topping 10.8 billion USD. The MLM structure operated by Amway permits distributors to earn commissions through three major modes: Retail margins, Monthly bonuses and Growth incentives. Performance bonuses can earn one up to 23% in commissions. Distributors are termed IBO (Independent Business Owners).
PAMPERED CHEF ( USA)
Pampered chef deals in kitchen ware, utensils, cook books and packaged food. The international mlm company has in its records, service to over 12 million customers, since it commenced business in 1980. It MLM structure is made up of 50,000 members/distributors. These distributors enjoy 27% commission on sale of the company’s products that work, a 20% discount on personal purchases as well as extensive support which includes trainings, motivational resources and email support.
NU SKIN( USA)
Nu Skin is one of the biggest MLM companies, whose core business if the production and sale of vintage or premium skin care products. Nu Skin is listed publicly and the total value of its assets is put at 3 billion USD. It posted a revenue of 2.75 billion USD. With over 200 beauty products available for sale under its label, Nu Skin continues to invest in Research and development, with a focus on providing for the beauty demands of its customer base. Its MLM structure permits distributors to earn up to 30% on the retail sale of its products.
ADVOCARE(USA)
Established 22 years ago, Advocare leads the way in the provision of products for the care and nourishment of sports women and men. These products help active sports people in the areas of weight loss, general nutrition, energy, sports performance and skin care.
The MLM structure at Advocare boasts of over 500,000 distributors, who enjoy the following benefits: Earnings of up to 40% in commissions ,for the retail sale of Advocare products. Also Advocare distributors enjoy earning from the sales of their recruits. doTERRA( USA) doTerra is similar in outlook to Young Living oils, in that it is one of most trusted multi level marketing companies that manufactures and sells essential oils, with therapeutic effects.
Founded in 2008, doTERRA has posted sales in the range of hundreds of millions of dollars and continues to shore up its revenue base. The operational MLM structure at doTERRA enables distributors to earn as much as 25% in commission from retail sales and also receive earnings from the sales of recruited down liners.
EMPOWER NETWORK(USA)
Empowered Network is not a new mlm company that is involved in online internet business, the deals in internet marketing of business software, tools and provision of online training materials. Their forte is mentoring people on the ways and means to earn income via the internet. Empower Network key offerings include blogging apps for android and mobile devices, power presentations and training kits. Distributors on this fast growing mlm company’s structure earn commissions as high as 25% on the retail sales of these products.
WORLD VENTURES ( USA)
World Ventures stock in trade is the organizing and staging of vacation and tourist travels, with a theme bordering on taking a once-in-a lifetime adventure. World Ventures sells club membership, where the catch is discounted sales expenses. It fashions its no. 1 MLM structure on the basis, that distributors can enjoy discounted travel expenses, as well as earn from the membership payments of recruited members.
Do you agree with my list of top multi level marketing companies? What is your opinion?
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