If youre considering a home business in network marketing and could use some advice, Corey Augenstein has created a Best MLM Companies edition in Network Marketing Todays year-end special report. As a side note, Mr. Augenstein reports in this issue that I could only find about 32 companies to consider for my Best Companies List.. And that is out of the hundreds of MLM companies currently in service.
This is a review hes done for the last 15 years now, and worth checking out. Last years 2007/2008 Edition included the top 9 companies in the industry, and the Distributors Choice Award. Here is a brief summary of the companies featured in last years review, including updated information where available.
1. USANA Health Sciences (Distributers Choice Award for the 10th Year Running). USANA was founded in 1992 by a scientist, Dr. Myron Wentz as a manufacturer of high-quality nutritional supplements. Today, USANA operates in fourteen countries. Net sales in 2008 were approximately $429 million. USANAs payplan is based on a binary system.
2. Xango (Was #5 in Previous Years Issue). Xango 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 revenues since inception were over $1.5 billion by November 2008. The compensation is based on a nine level unilevel system.
3. Agel (Was #2 in Previous Years Issue). Agel, a nutritional products company, was started in 2005 by Glen Jensen, based on an innovative gel delivery technology. The company operates in 20 markets worldwide. The compensation which is hybrid, pays to 7 levels.
4. 4-Life (Was #3 in Previous Years Issue). 4-Life is a nutritional products company founded in 1998 by David Lisonbee, based on immune boosting factors derived from certain animals. They operate in 40 markets worldwide, and report up to 64 percent payout from the 7 level unilevel compensation plan.
5. Bestway (Was not in Previous Years Issue). Bestway Network was started in 2002 in Spain. Although we could not access the companys website which was listed on MLMInsider.com, the company reportedly uses a binary compensation plan.
6. Isagenix (Was #4 in Previous Years Issue). Isagenix is a nutritional products company started in 2002 by John Anderson (considered in top 3 private label manufacturers and formulators), Jim Coover (previously CFO of the Cambridge Diet) and Kathy Coover (renowned trainer in MLM). The company uses a binary compensation plan.
7. Sisel (Was not in Previous Years Issue). Sisel is an acronym from: 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 productes personal care products and dietary supplements and uses a hybrid compensation plan.
8. Intway (Was not in Previous Years Issue). Intway Corporation provides hosting, web and financial instruments for online investing business as well as nutritional products. The company was started in 2005 by a group of entrepreneurs and operates using a binary plan.
9. Monavie (Was #8 in Previous Years Issue). Monavie was founded in 2004 by Dallin Larsen and now operates in 10 worldwide markets. The company distributes a nutritional drink made from the Brazilian acai berry and brought in $854 million in revenue in 2008. This is obviously a hot growth company and the founder was recently recognized in BusinessWeeks Entrepreneurs of the Year award.
Would any of these companies be a good fit for an entrepreneur just starting out? Does the business plan and product offering make sense to you? If so, use this as a initial point for further independent analysis and let us know your findings!
Since one of last years winners may have already disappeared, please choose cautiously before investing your time and money in an opportunity. The secret to MLM success after choosing a solid company that has products youd buy anyway is having an methodological way, or system, to share your passion with others.