Multi-Level Marketing (MLM) refers to one of the most popular and common forms of businesses in the industry today. It’s a big business that many Americans and even other countries all over the world are involved. Why is it so popular? Because you’re selling products, at your own flexible time, and with significant earning potential. With their unique MLM pay plan, this is a very attractive form of entrepreneurship.
And today with tools like social media and the explosive growth of email reaching out for sales and building a network is even easier. Just look at how email usage has grown over time:
Looking to get a start with MLM? Here’s a review of the highest paying, and best MLM companies for you to sell with:
1. Forever Living
Forever Living consistently tops the ratings of best MLM companies in the United States. Its current ranking is an impressive 9.0 out of 10, with an average 4.5-star rating. Why so? Not only does Forever Living promise excellent returns and high commissions, but its products are also organic and natural. Hence, with today’s clamor for more natural products, Forever Living’s customers have significantly increased.
That being said, here are some of the benefits that you can gain by starting up with Forever Living:
- 30% distributor discount on their products
- Startup cost ranging from 88 US dollars to 250 US dollars
As a distributor, an added bonus or tip for you to earn more income, or maximize your potential earnings, is for you to apply the right metrics in each state of your business. Whether small or big, these metrics are uniformly applicable.
2. Tupperware
Started in 1950, Tupperware has always been a popular brand all over the world. With Tupperware, you can bank on its expertise and popularity. Its popular products range from household goods to portable containers. Now, Tupperware produces clothing and other merchandise as well. For mothers who are starting up with their homes, this is an attractive opportunity to enter, not only for the income that it promises but also because its products are beneficial to every home.
All over the world, an average Tupperware dealer can earn about 700 to 800 US dollars in extra income, annually.
3. doTERRA
Wherever you are in the world, essential oils are used for almost anything! Not only used as mists and purifiers for its various health claims, but you can also blend oils for topical treatment and even household cleaners, too.
There are many brands of essential oils out there in the market. As more individuals are leaning towards lesser chemicals, there is an influx of essential oil users all over the world. However, many have pledged to doTERRA because of its promise of using a hundred percent pure essential oils. With this, doTERRA has consistently ranked an 8.1 overall score, out of 10. With its high ratings also comes a great customer satisfaction, an average of 4.5 stars.
Along with the abovementioned, doTERRA also promises the following:
- High customer retention, as customers keep coming back for more supplies and more purchase
- The average start-up cost for dealers runs around 150 US dollars to 2,750.
The average start-up cost is quite hefty. But, the returns are great as well. doTERRA is also consistently high in its ranking for its corporate social responsibility.
4. Nu Skin
Started in 1984, Nu Skin is a company that is also popular worldwide. As an MLM network, it also has years of experience attached to its name. Its products consist mostly of health and wellness. Users all over the world have an increasingly high satisfaction remark from the products that they’ve tried.
As a distributor, the company promises an average return for active distributors of about 150 to 200 US dollars a month. This may not seem like much to you, but as a source of extra income on the side, this is enough to cover off some of your utility bills, or as an add-on to your savings! The best thing about Nu Skin, too, is that as a starting distributor, there is no minimum necessary purchase requirement.
5. Mary Kay
As one of the top most common and popular MLM network companies all over the world, Mary Kay is not a stranger in the beauty industry. The company first started up in 1963 and has been soaring since then.
Mary Kay beauty consultants, as what they call their distributors, only need a hundred US dollars as starting investment. As a beauty consultant of Mary Kay, you can earn either from direct selling or by giving out wholesale products to your retailers. With this, the earning potential is even more enormous.
Here are some of the added benefits that you can earn from signing up with Mary Kay:
- 50% gross profit on your products sold, which is quite an astounding rate in comparison to the average 30% for other MLM companies
- Average annual earnings of around 1,000 US dollars for each beauty consultant
Conclusion
Although MLM businesses offer a lot of flexibility, this doesn’t mean that you should relax, and take it easy. There’s still so much hard work that you’ll have to put for you to earn big. There’s also a need for you to put up the right Compensation Plans to be motivated and also to motivate others to give their best performance when you’re into the MLM business.
Earnings can range from only a few hundred dollars per month, and even as high as thousands for expert marketers. With your hard work and dedication, you’re sure to have higher earning potential.