More and more people are looking to escape the stress and pressure of the corporate rat race and have turned to business models where they have better control over their time and freedom. Networking is a promising alternative to the corporate grind, allowing networkers to earn at their own pace and rate.
Nowadays, it’s common to see multi-level marketing companies sprouting out just about anywhere. But because MLM can also demand your time to build your own network in order to earn more, it’s also essential to find the most suitable company for you.
If you’re looking to join established MLM companies that have an excellent track record, reputation, and financial stability, here are the best companies that offer the best opportunities:
Established in 1963, Mary Kay has always been a consistent performer when it comes to revenue among networking companies. Mary Kay is a famous brand that stands at par with other huge beauty brands. Additionally, its line of more than 200 premium beauty products—including facial skin care, body care, nail care, and fragrance—are sought after by many women around the world.
With its motto, “Enriching Women’s Lives,” Mary Kay capitalizes on excellent product quality, ensuring that each item passes through rigorous research, testing, and development.
The company operates in over 30 countries and has a strong team of more than 3.5 million distributors. According to MLMcompanies.org, Mary Kay makes an incredible $3.25 billion in annual sales.
With over six decades of existence, it can’t be denied that Amway is not just one of the oldest, but also one of the most established and reputable MLM companies out there. It’s even credited as the first company ever to adopt a multi-level networking business model.
Amway is very popular for its line of beauty, health, and wellness products. But apart from its claim for product excellence and quality, the company also relies on a solid backbone: 3 million distributors operating in over 100 countries around the world.
With regards to sales, Amway has announced on is website that it made $8.6 billion in annual sales in 2017. Although the company went through a class lawsuit that forced it to cough up $56 million in 2010 and suffered a 12% dip in sales in 2015, it continues to rise and creep its way to the top-performing MLM companies in the past several years.
Avon has been in existence for the past 125 years and is easily recognized as one of the most popular leaders in the networking structures. The company was established in the 1800s and headquartered in London. Its lasting reputation in the home, health, and beauty industry stands up to par with the biggest names we know today. Avon cosmetics are so popular that they could even compete with brands like Estée Lauder and L’Oréal.
Avon’s performance has been so impressive over the past century that in 2017, it racked up $5.7 billion in sales in 2018, according to Multiple Streams. The products are distributed by more than 6 million distributors in over 70 countries worldwide.
Avon uses a person-to-person approach as its main selling point. Distributors who become very successful in Avon even open up their own retail stores in their locations.
Herbalife is a networking giant that’s famous for its nutritional products. The company was established in the 1980s and is headquartered in Los Angeles, California and also in the Cayman Islands. It is well-known for its health, wellness and beauty line of products, with its weight-loss shakes and proteins at the limelight.
Now with more than three decades in the industry, Herbalife has managed to maintain its composure through the adversity it has faced over the years. It’s been accused of being a pyramid scam as people focused more heavily on recruitment than on selling products.
During its initial years, the Food and Drug Administration received numerous complaints about unproven product claims. The company improved its formula in 1984 and was then poised to open in the UK. In 1985 and the following years, the company enjoyed immense growth and popularity despite the negativity it can never seem to shake off.
Today, Herbalife is one of the best-selling MLM companies. According to Business For Home, the company made $4.9 billion in sales in 2018. Its strong team of distributors is also selling at over 90 countries around the world.
While the rest of the MLM companies in this list staunchly focuses on health, beauty, and wellness, Vorwerk offers a significant deviation. This direct-selling company is based in Germany, and its major selling points are household appliances, floor coverings, and carpets.
The company started originally as a carpet factory in 1883. The company has since then expanded its line of products and now sells vacuum cleaners, kitchen appliances, water purifiers, as well as cosmetics, body, and skin care products.
Vorwerk has been around for the past 100 years, and it steadily gathered steam over the decades. It now has more than 600,000 consultants and distributors around the world, and 12,000 employees. The company’s revenue has also remained stable and incredible, raking in $4.2 billion in annual sales in 2018, according to the Cheat Sheet.
If you’re looking to become wealthy or at least build passive income with the networking business model, it’s essential to pick your company wisely. Some companies have established themselves in the industry over the past decades, even centuries, and have remained strong and stable, while others are relative newcomers that still have so much to prove.
Joining a networking company is a serious decision and one that you shouldn’t take lightly. You will initially have to invest some money, time, and resources, so it’s crucial to make sure that the company you’re eyeing to join has been there long enough, is stable, and offers the best compensation package.
But apart from carrying the company’s name, you also need to invest in yourself as a member or distributor to maximize your earning potential. Having a positive mindset and excellent selling skills are all essential in your success, whether you’re into networking or not.
More from NEWS
Chinese authorities have reported the country’s first Covid-19 death since May and reimposed small-scale lockdowns following a surge in local …