If you are brooding about beginning your own MLM business, you probably will be doing a lot of research about which top ranked MLM companies are for you, so who is really at the top of their game?
There are several things to take under consideration when choosing an MLM company, so think twice before you decide on any of them.
Established MLM Ranking
Firstly discover how long the company has been established. Longevity in the multi level marketing business is extremely important. Firms start up and fail frequently due to several reasons, for example poor management, crappy products, the products may not be desirable in a couple of years, or just because the company is underfunded. These sorts of things make it difficult for many of them to carry on after one or two months or years as they can’t afford to pay for advertising or training.
Although some of us have made millions from getting into an early MLM start up, there is a big risk involved and if you have had no experience in MLM at all, it may not be a smart idea. I would suggest a newer company, let’s say 10 years old with an established track record. One that comes to mind is a company called doTERRA.
MLM Ranking for Products
Secondly you need to look at an MLM company’s products. If you are a man, you most likely don’t want to push makeup and scents, however, being a man in that type of business has the novelty factor and may give you the edge over the ladies in the business.
The key to promoting a product successfully is to market a product that you have faith in and something that you would buy. It is awfully tough to convince a prospect that what he or she is buying is the absolute best, when you know in your heart it is not. So find something that you personally enjoy and can be enthusiastic about.
Avon and Mary Kay remain in the Top 10 Network Marketing Companies selling firms for very sound reasons, not only do the individuals that purchase those products love them, but the people that promote their products love them too. They get repeat orders, but they also need to be prepared to go out and demonstrate their products to new customers, normally in their homes, so if you don’t wish to do something like that don’t even try.
If you like to cook, you will know the standard of Spoiled Chef products. Again, you will need to give cooking demonstrations, so that might be an idea for you. And if you are interested in wellness products such as essential oils then a company like doTERRA may be for you.
The advantage of doTERRA is that the products are trending at the moment while the business can be run online or through a party plan / class concept. So, if you have some online experience doTERRA could be an option for women as well as men.
The best way to choose is to go to MLM Ranking at MLMRankings.com. You will see that many of the best-performing MLM firms are female oriented, but men don’t let that discourage you, because many years ago I made a lot of money in a MLM jewellery business.
Take a good look at how a company might be gaining or losing in the MLM Ranking and if there is a downward decline, try to find out why.
Another thing you should take into account is the firm’s compensation plan. These can come in the most unusual forms, with all kinds of fancy names. A good company should be well placed to explain their compensation plan so you can understand it. If not, push on. This is your future business so it’s essential to grasp everything to guarantee your success, so keep a watch on MLM Ranking before you start.
doTERRA rank example
doTERRA Earth Essence Network Marketing Companies Ranking: #3
This rank displays where doTERRA Earth Essence ranks in our public interest database against all other MLM companies and home based businesses in our current profile. doTERRA Earth Essence’s position in our index ranks them at 5 out of 853 home businesses actively tracked in our database.
However, according to Ranking the top 25 MLM’s of 2016 doTERRA is second, acknowledging that users swear by the oils, and for whatever reason, people (and not just people in Utah) are strangely passionate about telling their friends about them. Or tagging them in their therapeutic oils home meeting post on Facebook, for that matter. After only five years in business, they broke ground on a $60 million headquarters in Pleasant Grove, Utah.
Arguably the hottest network marketing company in the world, doTERRA is a spin-off from Young Living, although they would hate to hear it that way. They are both killing, but doTERRA started much later (2008) and manages to have a slight momentum lead mainly because of the outstanding product line and the fact doTERRA earnings can be achieved by even the newbie in the business.
If you are interested in knowing more about the top ranked MLM companies in the industry click on the “Learn More” button below for a FREE guide and catalog.
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