You probably heard the term MLM (Multi-Level Marketing) or network marketing at some point in your life. Your friends or relatives may have approached you before, asking you to buy their products, subscribing to a service, seeing if you’d like to join them.
A marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant’s “downline“, and can provide multiple levels of compensation.
There are now many networking marketing companies in the industry and people are naturally concerned about which of these are credible. No one wants to be scammed. Each company does, however, have its pros and cons. If you’re trying to decide about which network marketing company to join, here are the top companies to look into.
Usana was established in 1992 and their first rate health supplements that have been getting rave reviews all over the world. Their products were developed by Dr. Myron Wentz, an expert in infectious diseases, who believes in the power of nutrition. Usana manufactures and distributes multivitamins and antioxidants, protein shakes and products for weight loss as well as skin care and personal care products. Aside from earning money by selling their product offerings, you can get commissions and bonuses from Usana by recruiting more members. You can safely trust this company since they’ve been operating for many years and have consistently produced top quality products.
Previously known as Neways which has more than 20 years of experience as a network marketing company, Modere was newly launched in 2014. Their product line includes personal care and skin care, anti-aging, weight loss and nutritional supplements and even household cleaning. Many users are pleased with the quality and effectiveness of their products. What also stands out about their products is that they’re packaged with trendy and stylish designs. To earn money with Modere, you need to purchase their products at a certain minimum amount every month. You also receive a commission for every new member you refer and from sales made through these members.
One of the more recent network marketing companies that’s also growing rapidly is It Works. This company began in 2001 and they sell various health supplements and personal care products. Their first and most successful product was a plastic-based body wrap that you wear around the body to help you lose weight. Their other products include skin cleansers, nutritional powder supplements and multivitamins. Their compensation plans are varied but generally, you can make a profit if you purchase a number of products totalling a required amount every month. They also provide commissions for members you refer but only if they’re direct referrals, plus they offer other bonuses.
Another new and popular network marketing company is Kyani which was founded in 2005. They specialize in nutritional supplements and they only have three products, Kyani Sunset, Kyani Sunrise, Kyani Nitro, and Kyani Nitro Xtreme, but all of these products are of the finest quality and offer maximum efficacy. To join the company, you will need to invest a minimum amount and they have different packages, with a starter package at a reasonable price and more premium packages at a higher cost. As a distributor, you receive a profit from any products you sell and you also receive a commission if you successfully get people to join. They also have the standard downline system that lets you earn money from the people referred by your referrals.
Organo Gold is a fairly new company that is steadily rising in the ranks. This company specializes in products containing ganoderma lucidum, a highly potent herb used for years by the Chinese and rich in antioxidants. This herb is the main ingredient for all their products from coffee, and other drinks to body care and skin care. One of the best parts about Oregano Gold is that their products are both useful and reasonably priced compared to the products of other network marketing companies. To become a member of this company, you will need to purchase a pack which provides you with several products to sell. You can earn additional bonuses by recruiting more members into what they call business teams.
Known for their health and wellness products, Plexus Slim has been gaining more members since it was first established in 2008. They offer nutritional supplements including their bestselling “Pink drink” which is specially made for weight management and also contains health benefits. Considering that their products are made of powerful ingredients, they don’t cost too much. Their beginner package for new members is also one of the most affordably priced in the industry. Your earnings will come from your sales and your commissions from your referrals as well as their referrals. You also qualify for other bonuses as your level increases.
When it comes to skincare products distributed by network marketing companies, Jeunesse is one of those that lead the way. This company began in 2009 and they offer several health and weight loss supplements and skincare products such as Jeunesse Zen and Instantly Ageless. Their most popular product line, however, is Luminesce, anti-aging creams that will refresh your skin, improve its texture and restore its health. This product has received praises from most of its users because of its noticeable results. Aside from product sales, you can also receive commissions from members you referred as well as bonuses for achievements from your team.
Among the network marketing companies, Empower Network is unique because they offer a digital product instead of a physical item. This is an industry leading approach to the traditional multi-level marketing system. Empower Network’s focus is on training programs, tools and other products that will help you become successful online. Specifically, they provide a blogging system that ensures your blog successfully generates money, a training course so you can learn how to enhance and market your blog, other learning courses about increasing paid online traffic, and several other programs. You earn money here through your referrals and any referrals or downlines from them. The main concern here, however, is that this type of product is only for those who have some knowledge of web marketing.
Since 1993, ACN or American Communications Network has been selling telecommunication solutions used in many residences and offices and this is currently one of the top performing multi-level marketing companies in the business. Their products range from mobile and home phone plans, to energy services and internet packages. However, these services are actually provided by other companies and you merely serve as a distributor for them to other consumers. To join this company, you will need to sign up for their products first, then get more members to join and then encourage them to get other members as well. Your earnings will then come from your commission based on these referrals.
Total Life Changes began as SeAcai until the company went through a rapid reorganization in 2012. They offer various health products but their main product is the iASO Tea and this product, which lists several herbs as its ingredients, has both weight loss benefits and detoxifying effects. Total Life Changes or TLC also offers other health drinks, nutritional supplements and skincare products such as lotions and oils. To earn money on Total Life Changes, you have several options. You can sell their products, or convince other people to join and become your referrals. You can then potentially earn more from other people referred by your referrals.
This list should give you a better idea of what each network marketing company offers to help you decide what suits you best. Just remember, though, that like any other business, you will need to invest some time and effort in selling and promoting if you want to make a profit from joining any of these companies.
There are so many benefits to joining it, here are the top 10 benefits for you:
Do you know that 50% of small businesses fail in the first year and 95% fail within the first five year? Imagine slogging for 5 years of 12 hour days only to find yourself in debt.
The 80/20 rule applies to MLM, 20% of the people will be making 80% of the money. 80% of network marketers fail because they are unmotivated or do not have a neck for self employment. If you are someone who is disciplined, hard working, motivated and willing to learn, you have a higher chance of succeeding in MLM.
You can join a MLM company that comes with products using a couple of hundred dollars. Some companies need a monthly minimum order for you keep your active distributor status which may be as much as $100. Again, this is a much lesser overhead cost if you compare renting an office space, buying inventory or paying your employees.
Accountants, secretary, workers. These are the people you will need if you are going the “traditional” business way to keep track of all the red-tape, paperwork, receipts, bookkeeping etc. With an MLM company, the company will handle most of the paperwork, all you need to do is to handle your own financial records for income taxes and worrying about sales.
How much do you want to earn? The sky is the limit in MLM, there is no cap. Unlike in the corporate sector, your income is dependent on the “market standard” for someone with similar skill set.
The fundamental of how MLM works- The more successful people you have under you, the more you earn. You reap the rewards by leveraging on the effort of your team. This is a win-win situation.
Network marketing companies have one of the best training courses around. MLM companies often hire the best speakers and trainers to help their distributor because they really do want you to succeed. Courses from successful selling, attracting people to motivational training programs, they will do everything in their power to help you achieve that.
You get a lot of tax deductions with a home based MLM business as compared to the “traditional” business.
Being self-employed gives you the freedom to set your working hours. Need to go to your son’s soccer game on Thursday? Sure, set that potential client’s appointment on a Friday instead. With MLM, you are in control of your time.
With a smartphone in your right hand and a laptop in your left, you can easily do business while on the road. Imagine trying to do that with a corporate job.
If you are a “traditional” business owner, you are on your own when it comes to marketing and advertising. A MLM company has a proven marketing system and their own marketing materials ready for their distributors to make use of.
Talk about MLM and some will immediately associate it with “scam”. This is not surprising, MLM has been often misunderstood and misrepresented due to the structure of its business model.
You should NOT confused MLM with pyramid selling, MLM is a business opportunity that relies on teamwork, selling a product or service while the latter is luring members by promises of getting rich quickly, making payments and receiving no goods or services. Pyramid selling is illegal while MLM/ network marketing is legit.
There is a difference between MLM/network marketing and pyramid schemes. Bear that in mind when you are finding a legit company to join.
Cannot wait to jump into network marketing? If you want to be successful in MLM you will need to find the company that best suits you. With thousands of companies out there, you will have a major headache in deciding which one to join. Here are some points to consider in your decision making process:
|Rank||Company||Annual Sales (Net)||Country||Category||Year Founded|
|1||Avon Products, Inc.
|$11.3 billion||USA||Beauty, fashion jewelry, apparel||1886|
|2||Amway||$10.9 billion||USA||Cosmetics, personal care, food and beverage, home care, wellness||1959|
|$3.5 billion||USA||Cosmetics and personal care||1980|
|4||Natura Cosmeticos SA
|$3.0 billion||Brazil||Cosmetics and personal care||1969|
|5||Vorwerk & Co. KG||$3.0 billion||Germany||Cosmetics, household appliances, home care||1883|
|6||Mary Kay Inc.||$2.9 billion||USA||Cosmetics and personal care||1963|
|7||Tupperware Brands Corp.
|$2.6 billion||USA||Storage and serving products; beauty, personal care||1946|
|8|| Oriflame Cosmetics SA
|9||Nu Skin Enterprises, Inc.
|$1.7 billion||USA||Cosmetics and personal care||1984|
|10||Belcorp||$1.6 billion||Peru||Cosmetics and personal care||1968|
|11||Primerica Financial Services Inc.
|$1.1 billion||USA||Financial services||1977|
|12||Ignite Inc.||$861 million||USA||Electricity and natural gas||2004|
|$731 million||United Kingdom||Landline phones, broadband, mobile phones, gas, electricity, cashback card||1998|
|14||Yanbal International||$720 million||Peru||Skin care, personal care, cosmetics, jewelry, fragrances||1967|
|15||Ambit Energy, L.P.||$664 million||USA||Energy||2006|
090430 (Korea Stock Exchange)
|$600 million||South Korea||Cosmetics, personal care, wellness, beverage||1945|
|17||USANA Health Sciences Inc.
|18||New Era Health Industry Group, Co., Ltd. (Zhong Jian)||$555 million||China||Cosmetics, healthcare, cleaning||1995|
|19||ACN, Inc.||$550 million||USA||Telecommunications and energy||1993|
|20||Scentsy||$537 million||USA||Cosmetics, personal care, food and beverage, home décor, kitchenware||2004|
|21||Shaklee Corp.||$515 million||USA||Nutritional supplements, skin care, weight management, green cleaners||1956|
|22||The Pampered Chef Ltd.
|$500 million||USA||High-end tools for cooking and entertaining||1980|
|$500 million||USA||Candles, candle warmers, flameless fragrance, home accents, personal care, food||1973|
|24||Thirty-One Gifts LLC||$482 million||USA||Clothing and accessories, home care||2003|
|25||Market America Inc.||$462 million||USA||Health and nutrition, anti-aging, cosmetics, personal care, weight management, financial services, home and garden, pet care, telecommunications, Internet, auto care||1992|
Network marketing is often associated with get-rich-quick schemes, you should always take that with a pinch of salt. There is no doubt you can make a lot in MLM but you need have the right motivation, connections and sales skills for that.
The business model of MLM allows you to earn more for your time invested than any corporate job or “traditional” business around due to the leveraging of your network.
With a good compensation plan in place, the successful ones can make unlimited income.
Take time to nurture and groom your downline into successful sales people. Sponsor them to succeed and you will be more likely to enjoy residual income as compared to one who tries to recruit as many as possible.
You will tend to sell better if you enjoy using the products as you are the best living testimony for them. Your potential customers will be able to tell your sincerity and the true benefits of the products.
Besides promoting the product you use and enjoy, it will help a lot if your product is evergreen, in great demand and meets the needs of a market.
With new technology and the internet, you can easily use various methods to promote your products. Websites, SEO, social media marketing like Facebook, Instagram, Pinterest, combine these strategies to cast a wider net and reach out to multiple demographics.
Find a company has been around for a long time. You wouldn’t want a company that shuts down after a few years. The good ones will be able to survive economic downturns and prove their value over time.
Get connected with the best speakers in the company. Take them out for coffee and pick their brains. Model after them – how they present and talk.
Just as with other jobs, time is need to learn a skill like selling or marketing. MLM requires dedication, time and effort on your part to succeed.
MLM is certainly here to stay. There are thousands of MLMs operating daily and approximately $50 billions of sales are generating yearly in United States alone. There are many good companies out there, do your due diligence; research well and go for the company most suitable for you.
Are you ready to give network marketing a try? Are you willing to invest time, effort and money into your MLM business? If so, there is no reason why you cannot turn it into a lucrative business.
All the best to your success!
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