If you’re looking to start a home network marketing business and could use some advice, Corey Augenstein has created a review of the Best MLM Companies in the special year-end edition of Network Marketing Today. As a side note, Mr. Augenstein states in this issue that “I was only able to find about 32 companies to consider on my Best Companies List…” And that’s out of the hundreds of MLM companies currently operating.
This is a review he has done over the last 15 years and is well worth a look. Last year’s 2007/2008 edition listed the top 9 companies in the industry and the Dealer’s Choice award. Here is a brief summary of the companies featured in last year’s review, including updated data when available.
1. USANA Health Sciences (Distributor’s Choice Award for the 10th consecutive year). USANA was founded in 1992 by a scientist, Dr. Myron Wentz, as a manufacturer of high-quality nutritional supplements. Today, USANA does business in fourteen markets worldwide. Net sales in 2008 were approximately $429 million. USANA’s compensation plan is based on a binary system.
2. Xango (ranked fifth in the previous year’s edition). The company was founded in 2002 by Gary Hollister, Aaron Garrity, Joe Morton, Gordon Morton, Kent Wood, and Bryan Davis. Xango products are distributed in twenty-nine markets internationally. Although not a public company, Xango reported cumulative sales since inception to exceed $1.5 billion as of November 2008. Compensation is based on a nine-tier unilevel plan.
3. Agel (was #2 in last year’s edition). Agel, a nutritional products company, was founded in 2005 by Glen Jensen, based on innovative gel delivery technology. The company operates in 20 markets around the world. The compensation that is hybrid, pays at 7 levels.
4. 4-Life (was #3 in last year’s issue). 4-Life is a nutritional products company founded in 1998 by David Lisonbee, based on immunostimulatory factors derived from certain animals. They operate in 40 markets worldwide and report payouts of up to 64 percent of the 7-tier unilevel compensation plan.
5. Bestway (wasn’t in last year’s edition). Bestway Network was founded in 2002 in Spain. Although we were unable to access the company website listed on MLMInsider.com, it is reported that the company uses a binary compensation plan.
6. Isagenix (#4 in last year’s issue). Isagenix is a nutritional products company founded in 2002 by John Anderson (considered in the top 3 private label manufacturers and formulators), Jim Coover (formerly CFO of Cambridge Diet) and Kathy Coover (renowned MLM trainer). The company uses a binary compensation plan.
7. Sisel (was not in the previous year’s edition). Sisel is an acronym for: Science, Innovation, Success, Energy and Longevity. The company was founded in 2006 by Tom Mower and his son Tom Jr, after he sold his previous company. The company offers personal care products and dietary supplements and uses a hybrid compensation plan.
8. Intway (wasn’t in last year’s edition). Intway Corporation provides hosting, web and financial instruments for online investments, as well as nutritional products. The company was founded in 2005 by a group of entrepreneurs and operates using a binary system.
9. Monavie (#8 in last year’s issue). Monavie was founded in 2004 by Dallin Larsen and now operates in 10 global markets. The company produces a nutritional beverage made from the Brazilian acai berry and generated $854 million in revenue in 2008. Obviously, this is a high-growth company, and the founder was recently recognized in BusinessWeek’s Entrepreneurs of the Year award.
Would any of these network marketing opportunities be a good fit for an entrepreneur just starting out? Does the business plan and product offering resonate with you? If so, please use it as a starting point for further research on your own and let us know your findings.
Since one of last year’s winners may already be gone, choose wisely before investing your time and money in an opportunity. The secret to MLM success after choosing a solid company that has products you would buy anyway is having a methodology or system to share your passion with others.