Source: MoneyForWallet
Did you ever heard about MLM or do you even know the full form of MLM? No, Do not worry I will tell you. The full form of MLM is Multi-Level Marketing and some people call it Network Marketing. MLM business is in trend nowadays. MLM companies are companies where everyone can make a profit.
Some call it a scam and some take MLM as an opportunity. The conversation rates are depending on the MLM company you join, and the opportunity you grab.
What is MLM? In MLM you have to promote and do the sale of the product of the company. The more people you invite to join MLM companies under you, the more you earn.
Most MLM companies are using MLM Software available on the internet.
Let's check out some known and best MLM Companies in the world. Following are some best MLM Companies to join
Amway
Amway MLM is the world's number #1 MLM company with $8.80 Billion turns over. It offers more than 500 products and mostly focuses on Health, Nutrition, Beauty, and Home cares.
Amway was founded in the year 1959 and for the last few years it has a rank of number #1 in total revenue. But according to some news sites Amway paid $56 million to settle a lawsuit that was filed against Amway. Some people call it Pyramid Scheme company.
Avon
Avon is a London based MLM company that was founded in 1886, almost 70 years before Amway. It is not only one of the best Multi-Level Marketing company it is also the 5th largest beauty company. The total turn over is 5.70 Billion dollars.
Herbalife MLM focuses on Nutrition & weight control products in more than 94 countries. More than 8000 employees are working at Herbalife.
Natura
Natura is Brazil's no. #1 MLM company, started in the year 1969. It is the biggest manufacturer of cosmetic products in Brazil.
From all over the world it has 1.7 million representatives working with Natura. The total revenue reported is 4.4 Billion dollars. Some of their famous brands are Urbano, AMO, Aquarela, etc.
Infinitus
Infinitus is a Chinese MLM company which mostly targets the herbal products. It was founded in the year 1992 and they have currently more than 3000 employees, 36 branches, 28 service centers.
The net worth of Infinitus is around 3.41 Billion US Dollars. The product they sell is Herbal, Health, and Cosmetics.
Marry Kay
Marry Kay is another USA based MLM company. It was launched in the year 1963 and currently ranked 6th largest MLM company based on net worth which has 3.50 Billion USA dollars.