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Creating a list of the Top MLM Companies of 2020 is the need of the day, especially at a time when people are preferring a fruitful and financially independent career in network marketing over the rat race of corporate life.
Here is a list of the top MLM companies around the globe with the most promising network marketing opportunities to thrive.
The criteria for any ranking can be diverse and non-specific. However one of the major factors that are considered for ranking network marketing companies is the global revenue that the company makes, for obvious reasons.
Another important factor is the number of years the company has been in the business. This is because, globally, thousands of network marketing companies opened up since the late 1960s but few of them managed to celebrate a decade in business. The traffic received by the company website as well as the number of countries in which the company operates are also detrimental while evaluating the Best MLM companies.
As has been observed since the induction of the concept of multilevel marketing into the world economy, nutrition, weight management and skin care products continue to drive the trends in network marketing in 2020. Amway is the Alpha of the pack with a revenue $8.80 billion.
Founded in 1985, Melaleuca is a wellness company that has around 400 products which are sold by network marketing. By operating in 19 countries, this company managed to stay on top by designing their health, home cleaning, pharmaceutical and personal care products in a more cost-effective manner than grocery store brands. It has managed to surpass $2 billion sales in 2017, making it one of the top MLM companies around the globe.
|Industry:||Health, Home cleaning, pharmaceutical and personal care products|
|CEO:||Frank L. VanderSloot|
|Revenue::||$2 billion (2017)|
An Utah-based MLM company that sells supplements that supports immune system health, body transformation, and general wellness,4 Life is one of the few companies that has managed to break into the list of top MLM companies in fairly less amount of time. The company manages to generate an income of $250 million today, operating in around 22 countries.
In a list of top MLM companies that is dominated by companies that sell beauty and lifestyle products, LegalShield is the sole MLM company that begs to differ. Boasting of a history of around 46 years, it develops and sells pre-paid legal plans through thousands of independent attorneys across US and Canada, generating an income of $400 million.
|Industry:||Beauty and lifestyle products|
One of the newbies amongst the top MLM companies, USANA boasts of high quality, science-based nutrition, and skin care. Founded in 1992, the company operates in more than 20 countries globally, generating an income of $790 million.
|Industry:||science-based nutrition, and skin care|
|Chairman:||Dr. Myron Wentz|
NuSkin is an American MLM company that sells personal care and dietary supplements under Pharmanex brand. Founded in 1984, NuSkin markets its products in 54 countries, generating a revenue of $2.25 billion. In spite of facing a fair number of legal troubles in some American and Asian countries in the late 1990s, this company has managed to remain one of the top MLM companies over the years.
|Industry:||personal care and dietary supplements|
Oriflame is a Luxembourg based company founded in 1967. The company sells personal care, accessories and nutritional products through MLM model as well as online sales. This Swedish stalwart in MLM operates in more than 60 countries with sales exceeding € 1.5 billion.
|Industry:||personal care, accessories and nutritional products|
|Revenue::||€ 1.5 billion ( approx)|
Started in 1948 in Massachusetts, Tupperware is a home products line that included preparation, storage, and serving products for the kitchen and home. This company managed to rope in a revenue of $2.3 billion last year to remain in the list of Top MLM companies of 2020.
|Industry:||kitchen and household products,|
|Chairman:||E.V Rick Goings|
|CEO:||Patricia A. Stitzel|
Herbalife started in 1980 with its primary aim to change the nutritional habits of the world. It operates in around 95 companies and deals with nutritional supplements, weight management, sports nutrition and personal care products. Generating a net sales of $4.488 billion in 2017, it has managed to grab a spot on the list of top MLM companies of 2020.
|Industry:||Food & Soft Beverages|
|CEO:||Richard P. Goudis|
|Revenue::||$4.488 billion (2017)|
One of the oldest companies to break grounds into network marketing, Avon is a top MLM company in beauty, household, and personal care categories. The company generated $5.7billion last year and operates in almost 100 countries.
|Industry:||Beauty, Household, Personal care|
A brand that has been synonymous with network marketing, Amway has been one of top MLM companies for years. Generating a revenue of $8.80 billion, the American MLM company has managed to beat its counterparts by leaps and bounds to retain its top spot in 2020.
|Industry:||Household & Personal products|
|Chairman:||Steve Van Andel|
|Revenue::||$8.6 billion USD|
The Above listed MLM Companies may vary as per year!
That is quite an impressive list of companies that started from the scratch and made it big through network marketing. Aiming to be in this list sometime in the future? We can help you manage a flourishing network marketing business. Build an MLM Software to start or boost your MLM business.
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Recommended read: Splendid Reasons to choose Network Marketing Software