So you’ve decided to try your hand at network marketing (otherwise known as multi-level marketing or MLM), and you are now looking for the best MLM companies to choose from. That’s a good place to start, but as you’re looking through some of the list, keep in mind that “best” for someone else might not necessarily mean “best” for you. Also, when you’re checking out lists, keep in mind that the person who is recommending “best” might also have some interest in one or more of the companies that are on his or her list.
With that said, there are some very general criteria that you can use to judge the best mlm companies. First of all, has it been in business for a while? Network marketing is generating more and more interest, especially since being deemed as a good business model by non other than Donald Trump and Robert Kiyosaki. So, new types of MLMs are cropping up every day. This is not necessarily a bad thing, and many people prefer to get in on the new launches because they feel that they can make more money this way. However, these newer businesses also have a much higher risk of failure. A good benchmark to use would be five years.
Next up, you want a company that sells consumable products or services. Try to avoid the ones that sell a product that will last forever because you’ll have to work a lot harder to make money than with an MLM that sells a product which must be replenished every month or so. In the same product criteria category, pick an MLM that offers a product that needs you, the distributor, to sell it. A company that sells “obvious” products will not do as well as a company that requires a little interaction between the seller and the buyer.
And of course, you do want to have a general idea of the compensation plan of the MLM that you want to join. This can be a complicated topic — there are many types of compensation plans. Do not over-analyze this either. You can do well in any type of compensation plan. But, for example, if you think you prefer to sell the products, you might want to choose a compensation plan that rewards you more for the sales of the products, than one that rewards you more for brining in other distributors under you.
Just a few good solid companies that are popular and well-recognized include:
– Send Out Cards — an automated card and postcard creation and delivery service
– Pampered Chef — controlled by Warren Buffet– a global company that offers offers a line of kitchen tools, food products, and cookbooks
–Mannatech–a health and wellness company which has a very good reputation. It was recently voted one of Business Week’s Top Ten Hottest Growth Companies.
These are only three of literally hundreds of best MLM companies.