Archive for the ‘Network Marketing’ Category
What Are the Recent Shifts in MLM?
by Rahimah Sultan
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If you’re marketing online, you see daily advertising for MLMs. You may be thinking about signing up for one of the programs.
So, what are the recent shifts in MLM?
There are low-cost products, a simple recruiting system, and a high percentage of affiliate products.
Although pyramid schemes resemble MLMs, MLM is a legitimate money-making business model. So, what are the differences?
Pyramid Schemes vs. MLM
Both operate with the same structure, although it comes down to sales versus recruitment in the compensation plan.
The FTC (Federal Trade Commission) states that MLM will pay you based on your sales to retail customers, without having to recruit new distributors. A pyramid scheme relies on the continuous recruitment of dues-paying members to keep afloat, even if members are required to continue buying the products they may not be able to sell.
After doing your due diligence, you might want to consider other ways to bring in income instead.
What is MLM?
MLM (Multi-level marketing), also known as direct selling and network marketing, is a business model for selling products directly to purchasers using independent sales representatives.
Usually, MLMs have a detailed compensation plan that outlines exactly how these upline and downline relationships work and how distributors get compensated. These plans explain recruiting and sales commissions, and they define requirements members must meet to be eligible for compensation. These are usually expressed in minimum sales targets and numbers of new recruits.
There are hundreds of the old MLM companies still around and many people are still making money from them. That’s because they signed up when those were startups, within the first two or three years after they launched.
So, again, what are the recent shifts in MLM? Check out the current best MLMs.
What are the current best MLMs?
If you want to go ahead with MLM, the following are touted as the best five new companies for 2023-2024.
1. LIVEGOOD
LiveGood is one of the fastest growing. Their products include CBD supplements, dietary supplements, and beauty products.
2. APL GO
They carry lozenges and drops with propriety health benefits. It is a Acumullit SA technology that is revolutionizing the wellness industry.
For motivation, they have travels, promotions and motivating events, technology that is one of a kind and exclusive for their products, six options for starting your business, and 15 kinds of bonuses.
They also have 24/7 support and a step-by-step plan and a nice website, webinars, videos, etc.
3. PAWTREE
Although Paw Tree which has been around since 2018, got off to a slow start, it has been making up time.
They obviously offer pet supplies for cats and dogs. There’s a full line of supplies plus supplements.
4. IX GLOBAL
This is a learning-based MLM. They are leveraging today’s most addictive trends such as health, productivity, fitness, spirituality, etc.
You get training, from the top experts in the area that most interests you, from brilliant minds who know how to encourage and impact. You’ll see speakers from all different global stages.
5. IGENIUS
This MLM is about financial markets and investing practices. You’ll get an education and tools for cryptocurrency equity and forex markets. There’s live training and market research provided by experts and it’s easy to follow along.
You should just watch this one for two or three years before jumping into this network marketing business.
In summary, research indicates that older MLMs are not so profitable and not the way to go.
When considering an MLM company, remember the low-cost products, simple recruiting systems, and the high percentage of affiliate products in recent MLMs.
Most importantly, you should get in during the first 2-3 years.
Before getting into MLM, explore your own strengths and what needed service you can provide to others. There are inexpensive ways to start and you can create a very sustainable and ethical income avenue without the headache of a garage full of products you can’t get rid of.
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MLM: Is It Legitimate?
by Rahimah Sultan
Multi-level marketing is called many things: network marketing (most common), direct sales, affiliate marketing, referral marketing, dual-level marketing, consumer-direct marketing, home-based business franchising, home-based business opportunity, and inline marketing.
But, using one of these terms to define a business DOES NOT automatically make it an MLM.
Multi-level marketing companies basically promise a chance to leave your 9-5 job, be your own boss, make lots of money and to make new friends in the process. The ongoing debate is whether these companies and programs are legitimate business opportunities.
According to Wikipedia Multi-level marketing (MLM) is 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. Most commonly, the salespeople are expected to sell products directly to consumers by means of relationship referrals and word of mouth marketing. Some people use direct selling as a synonym for MLM, although MLM is only one type of direct selling.
So, due diligence is required before joining any of these programs.
Here is a great article on MLM.
This post includes an updated 2020 list of the top MLM companies in the US and international ones.
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MLM: Network Marketing Traps
by Rahimah Sultan
As you advance in your MLM business, there are three phases you’ll encounter, and each can be a trap.
The first is introverting which occurs at the beginning of your network marketing career. At this point you’re very afraid and studying scripts. You’re so focused on getting the words correct that you don’t communicate the concept to prospects. You must get passed focusing on what others think about you.
To get passed this, practice what you’re going to say over and over BEFORE getting in front of a live person, focus all your attention on the prospect, and have so much activity going on that you don’t have time to focus on your fears.
Second is doing it all. You sponsor so many people that you begin to feel no one else is doing any work or you wonder how to motivate your downline or you feel as though you’re sponsoring “duds.”
You have to have the patience to train the people you sponsor. You can’t do it for them. Don’t stop training your distributors until they can properly train their distributors.
Third is getting in the rut of making enough money to keep you going, although it’s not the money you dream of making.
Read The Three Booby Traps of Network Marketing
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Is Multi-Level Marketing a Good Business Model for You?
by Rahimah Sultan
Advertising Disclosure: Marketing Success Review may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links on this website. There is no expense to you.
What is MLM?
Multi-level marketing can be a full-time job with limitless income possibilities, or your side hustle.
MLM, also known as network marketing and direct selling, allows everyone a chance to build a big business even on a tight budget. It also allows you to achieve passive income and multiple revenue streams.
Multi-level marketing, also called network marketing or pyramid selling, is a controversial and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company’s products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. Wikipedia
What are some of the best MLM companies?
There are thousands of multi-level marketing businesses to choose from in all niches around the world. This is a compilation of some of them, based on sales, growth rate, distributors, attrition, product or service quality, legal compliance, and countries served.
Aside from network marketing and maybe high-ticket affiliate marketing opportunities, can you realistically start any other legal business for $0-300 and make 6-7 figures of income within 1-2 years while working mostly online?
Affiliate marketing, MLM, and direct selling have small risks, but they’re almost unparalleled in their risk-to-benefit ratio and meager startup costs. Going forward, as a network marketer you are strongly situated for profits.
Here are some of the best MLM companies in no particular order:
1. LiveGood
LiveGood, an international MLM company, has a membership fee of $40 for the first month and then $9.95 each month after that. You don’t need to recruit a downline, and you can earn up to $2,000 per month from spillover. Earnings are increased as your downlines and matrix fill out over time.
As their high-quality healthy dietary supplements and proprietary CBD products are so affordable, recruiting and product sales are easy.
2. Amway
Amway was founded in 1959 and its first product was Liquid Organic Cleaner (L.O.C.), the first ever concentrated biodegradable and environmentally friendly household cleaner. This product brought the company a lot of early success because there was virtually no competition.
The company has expanded, over the years, to include beauty products, health supplements, and even more cleaning supplies, making the company that much more marketable for an IBO (independent business owner).
3. Avon
In the Western Hemisphere, Avon is almost a household name. It’s the leading beauty company in the direct sales market and has easily become one of the leaders on a global scale.
Avon has over 130 years in the industry and knows what it takes to grow the business. Through the use of network marketing, it has been able to grow even faster and farther across the world. The company is well-liked and is thriving. Avon empowers women through the direct sales opportunity and also gives back to research and organizations associated with breast cancer and domestic violence survivors. It was recently acquired by publicly held Brazilian company Natura & Co.
4. Nu Skin
Nu Skin offers personal care products and a variety of antiaging products including skin care, personal care, and supplements. The company has founded and given to charities to help those in need. As its focus is health and well-being, Nu Skin donated over $8 million to help feed hungry children.
As one of the most successful publicly traded MLM companies, they even pay a quarterly dividend which is almost unheard of for MLMs. Unfortunately, they recently made a big cut in dividends and their $NUS stock price is at record lows right now.
5. Herbalife
Herbalife is a nearly 50-year-old nutrition and weight management company that has gone global with the plan to promote wellness. Since the network marketing strategy has proven to be quite successful for the company, Herbalife Nutrition continues to grow.
Herbalife, which is California-based, is able to reach people all over the world through social platforms and the network marketing method. It’s also one of the largest and most successful publicly held companies in the world. Unfortunately, HLF stock is now at record lows with a tough battle in the stock market, despite decreased investigations by the federal government.
6. Organo Gold
Founded in 2008 by Bernard Chua, Organo Gold has his unique blend of Ganoderma coffee products. Organo Gold rapidly exploded around the globe and is widely available in Northern Europe and parts of Asia and Africa. Organo Gold is also the leader in charity and initiative, Bags for Life, their program for women. Organo Gold recently launched its Travel Program called Travalla. The coffee’s MLM Flagship Product is Gourmet Black Coffee. Their Compensation Plan includes $20-$120 for new orders. Get paid in 7 ways with this smart MLM business model and earn up to 50% on retail sales on Organo Gold MLM product sales as well to boost overall income.
7. Flavon Max
Flavon Max started as a small family-run business but in a short period of time, the company grew into an international success and is setting out to be a leader in the health and nutritional industry. It is the best fitness MLM company to join. At Flavon Max, the products are enriched with extracts from biologically ripe fruit, not artificial sources or genetically modified ripeness. This top-ranked fitness MLM company provides products with unique and incomparable ingredients to help make your life and family healthier. This leading network marketing company offers a range of nutritional supplements, specifically for each member of the family as well. Kids nutrition, mom and dad, and even grandparents are all taken into account when Flavon Max produces its wellness MLM products.
8. Melaleuca
Founded in 1985, Melaleuca is a leading wellness company in a highly competitive market. It has always aimed to set itself apart from the rest of the network marketing companies. Melaleuca wishes to help enhance the lives of people worldwide. It now offers over 400 products that promote health and wellness and aims to help people all along the path of their wellness journey. Now averaging over $2 billion in annual revenue after 2023, Melaleuca is among many of the network marketing maps all over the globe. Thai entrepreneurs can earn plush profits with this top MLM company.
9. Pampered Chef
Pampered Chef is a global multi-level marketing company that offers kitchen tools, food products, cookbooks, and other items for home food preparation. They also offer gardening tools and some products to help transport a few of their items. Heading into the future, Pampered Chef is one of the best frugal MLM companies and top healthy network marketing businesses to join.
What are the top best new MLM companies?
This year, 2024, cannabidiol product sales have exploded around the world, due to their appeal over alternatives like addictive and dangerous pharmaceutical drugs and less legal marijuana.
Here is a partial list of the best new MLM companies in no particular order:
1. Nu Skin
Nu Skin is a leading MLM company specializing in health and beauty. They recently added CBD skincare products to their diversified product line. It’s not a new direct-selling company but is a successful and stable MLM organization that will only grow further after adding cannabidiol products. Nu Skin will continue to be a top-performing network marketing business they’re so far ahead of most CBD MLMs in terms of global distribution.
2. Hempworx & My Daily Choice
Hempworx by My Daily Choice was launched over 5 years ago with a huge splash in the MLM space, experiencing a 1000% growth rate within 3 months of launching, and that caused some initial delays in shipment and customer support. Now, they’re in the full swing of things. You can get a 500 MG bottle of Hempworx pure CBD Oil drops for $69, plus a one-time activation fee of $25. MDC commissions are the largest in the MLM industry at 30% to 50% on first-time orders.
This MLM business offers great marketing tools and also has the highest commissions in the CBD oil industry.
The downside is this network marketing option is relatively new. Shipping can be slow for some CBD products.
3. CTFO
Change the Future Outcome also known as Chew the Fat Off is very new in the MLM industry, at least with the new CBD Oil line. The company was originally called Chew the Fat Off but is now known as Change the Future Outcome. They offer an affordable CBD Oil and their compensation plan is a patented forced matrix. Commissions are around 20% for this top cannabinoid MLM company.
4. CBD Pure
Although they have a generous 40% affiliate referral program on one-time sales and a no residual income aspect like MLM, CBD Pure is not a pure network marketing company. It’s based out of Europe but has a store in Vancouver, Washington. They have grown rapidly, and the CBD Oil is made in Denmark.
5. Cannaceuticals
Cannaceuticals is a skincare and anti-aging CBD oil MLM company that has an upscale product offering. The CBD creams and lotions are organic, non-GMO, non-toxic, and THC-free. It’s a top CBD MLM company to consider joining if you have a high-end audience to sell to or recruit with.
Choosing the best MLM company for your skills, niche, and audience is just the first step toward making money. It takes more than an up-and-coming network marketing company and a product to help you recruit a large team and earn major commissions. Success in MLM takes more than a few months of hard work and a little luck.
You’ll need a combination of marketing, content production, branding, and sales knowledge to sell your MLM product or service plus recruiting for your downline.
Social media marketing, email marketing, blogging, vlogging, SEO, PPC, event planning, and other best industry practices will make the difference between a successful time in MLM and failure.
The more tools and skills you can use, the higher your chance of success in network marketing and direct selling. And, you’ll have to spend a little money sometimes to make money.
Although most network marketing business has transitioned online, word-of-mouth referrals and well-timed phone calls can make all the difference in your frugal MLM journey. To avoid becoming white noise, you sometimes have to do what your peers and competition aren’t doing to avoid becoming white noise.
At the beginning of your MLM journey, it will help to take advantage of your warm market. That means politely but assertively offering your network marketing opportunity to family, friends, coworkers, former associates, and other acquaintances you feel comfortable discussing it with.
A few recruitments to your downline and product sales can help you build confidence to approach the cold market and build on your initial momentum. When you’re working in multi-level marketing, your warm market won’t last forever.
What you really want is an MLM company to provide you with high-quality and customized landing pages that offer high conversion rates. Auto-responder email marketing software will help convert more leads and upgrade more of your downline team members for greater network marketing success with less effort. This goes a long way in boosting your wealth and health long term. So, is multi-level marketing a good business model for you?
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