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MLM Company Profiles: Understanding Their Products and Compensation Plans
Praise and criticism are two major words connected with the MLM business landscape. People identify MLM for their unique business model, followed by criticism based on the compensation plans and other business flows it follows. In the entire business model, the source of income is both direct and indirect by offering products and services to the end user. All the parties involved, from distributors to sellers, earn through one or the other compensation plan which might sound a little technical to understand but it’s not.
In this article, we will try to understand some major MLM companies, their profile, what services & products they offer, compensation plans, and more.
Top 7 MLM Companies, Their Profiles, Products, and Compensation Plans
Below we have mentioned some MLM companies with profiles, products, and compensation plans for your better understanding:
1. Amway
If we compare globally, Amway enjoys a very old and reliable reputation in the MLM niche. If you are from the field, there are chances the company must have been on your bucket list. The product range of this company is vast, including health, beauty, personal care, home care items, and others.
There are some famous product offerings of this company, which are Nutrilite supplements, detergents, cleaning agents, and more.
Coming to the compensation plan, the company follows a Binary structure. This structure is a good plan that ensures everyone in the chain is balanced with a better earning opportunity.
2. Avon
Since its establishment in the year 1886, Avon has become a renowned MLM company specializing in products like skincare, personal care, cosmetics, and more. The list of products offered by Avon extends to makeup, skincare, perfumes, jewelry, fashion accessories, and more. These products have a vast opportunity of scalability that’s one of the factors why Avon is a huge MLM company.
Coming to the compensation plan adopted by Avon, the company uses a traditional model, which is the Unilevel structure. In this structure, commissions are earned by distributors along with bonuses they get when they recruit and build their teams.
3. Herbalife
With its business spanning many countries globally, Herbalife was established in 1980. Nutrition and weight management are some of the popular product categories this company specializes in. From meal replacement shakes, protein bars, and many other health products, the company is a known name in the global business facet.
Coming to the compensation plan, the company follows a stair-step breakaway structure. In this plan, the distributors are ranked. In the ranking schema, the one with higher ranks has a huge potential to earn bonuses.
4. YoungLiving
YoungLiving came into existence in the year 1993 with a product line ranging from essential oils, which was a specialization in aromatherapy and wellness. Products comprise essential oils, oil blends, personal care products, home cleaning products, and more. Offering quality in this product line took the company from being a known name in the MLM landscape.
Coming to the compensation plan adopted by YoungLiving, the company uses a traditional model, which is the Unilevel structure. In this structure, commissions are earned by distributors along with bonuses they get when they recruit and build their teams.
5. Nu Skin
There are two main product categories that Nu Skin specializes in. One is skincare products and the other is nutritional supplements. With its initiation in 1984, the company’s product range has expanded and now the list is vast from ageLOC skin care systems, nutrition supplements, and personal care items.
Unlike other compensation plans we discussed above, Nu Skin’s approach to compensation plans is a combination of Binary and Unilevel.
6. Forever Living Products
This MLM company enjoys a very robust position in its market niche for providing aloe vera-based products. The product list has wellness products, skincare supplements, and even drinks. By understanding the magic of aloe vera for mankind, the company has been doing its best since 1978 to offer its customers what’s best for them in the health category.
The range of products comprises aloe vera gel, skincare, personal care, bee-derived products, and there’s more.
Coming to the compensation plan, the company uses a traditional model, which is the Unilevel structure. In this structure, commissions are earned by distributors along with bonuses they get when they recruit and build their teams.
7. Mary Kay
Mary Kay is a reputable MLM company with a range of product offerings like skincare, cosmetics, perfume products, and makeup tools. Coming to the compensation plan, the company follows a stair-step breakaway structure. In this plan, the distributors are ranked. In the ranking schema, the one with higher ranks has a huge potential to earn bonuses.
Though all the companies mentioned above must be different in terms of products, profiles, and compensation plans, there’s one thing in common. It’s an opportunity to earn, grow, and get success. Therefore, this understanding will help you make a good choice and plan better.
