Top MLM Companies - Which is Right for You?
In this article we outline what are the criteria needed to select from among the best MLM companies available today. In order to make your own assessment, we suggest considering the most popular companies as well as new players just entering the "game." There are two factors involved in choosing the top MLM company: 1) an individual's own needs, wants and desires and 2) what the industry has to offer.
One of the key decisions to think about for any individual is his or her life purpose. This may be related to particular talents and gifts on an individual basis in addition to distinctive life experiences. These are both major factors in selection of career path, or in this case, a network marketing career.
A self examination is likely called for to determine motivating factors in choosing a network marketing career, even if only part time. MLM and network marketing can be very the ultimate challenge for many people. A deep resevoir and solid base of talent and determiniation are needed in order to succeed. MLM is yet an eccentric business model, although briskly gaining in more favorable reception. Consequently, an individual can often run into fierce opposition.
What are the main selection criteria? Author and industry trainer Tim Sales recommends the following criteria to pick a best multi level marketing business for an individual:
- Huge Expanding Market and Industry Timing - Currently, the "baby boom" generation, made up of people born between 1946 and 1964 is influencing several huge trends. These people, now consisting of 1/4 of the world's population, has shaped many trends all the way through their lifetimes including the 1980's real estate boom and present "bust" as well as many most of the latest trends. The most obvious latest trends involve health awareness, anti-aging, and financial planning and retirement. This group started entering their 60's in 2006 and will continue through 2024. They are desparately seeking products to fill these needs.
- Unique, Consumable Product - One of the biggest rewards of a a multi level marketing career is the production of residual income. However, the certainty of repeated sales from existing customers depends on lasting product usage. The top multi level marketing company's products should not be obtainable from other sources and should necessitate continued usage month after month.
- Leverage - The top network marketing companies have ample leverage in their compensation plan as well as top notch products that will create continued customer usage, as well as distributor personal usage. It is pointless to build a team of associates for a product that isn't marketable, or if the compensation plan is inadequate. What is the ratio of customer sales vs. distributor self consumption? How many distributors are needed on your team to earn an adequate paycheck?
Which companies should you be concerned about? The most popular MLM companies according to world-wide current Google search statistics are the following (as of this writing):
1. Amway
2. Herbalife
3. Mary Kay
4. Pampered Chef
5. Monavie
6. Arbonne
7. Partylite
8. Network Marketing
9. Network Marketing
10. Forever Living
11. Stampin Up
12. Creative Memories
13. Xango
14. Quixtar
15. Longaberger
16. Isagenix
17. Amsoil
18. Network Marketing
19. Nuskin
20. Nikken
21. YTB Travel
22. Shaklee
23. Young Living
24. Prepaid Legal
25. Mia Bella Candles
We suggest you also consider startup companies, but we recommend, since many new MLM ventures, statistically, are doomed to failure (although failure rates in other industries are about the same). This should give you the best chance for success, considering your own interests, motivation, and life goals. Take your time in the evaluation, since a wrong selection could cost several years. This may be the time needed to generate the residual earnings you want and deserve.
Jim Green is an industry analyst who advises in selecting the top MLM company according to individual needs and motivation. He also assists with marketing training and automated MLM lead generation via systems and advanced Internet marketing tools.
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