If you’re looking to go into MLM or network marketing and want to find the fastest growing companies I suggest that you check out the list below. If your plan is to start with a small, low-competition company it may be worth checking out some of the sales companies on this list.
Do you know that these fastest growing businesses use MLM software for the efficient management of their network marketing activities?
Yes, they do! That is why the growth rate of these companies is high as compared to other MLM companies.
There are many custom software developers that develop and manage software for all kind of MLM or multilevel marketing activities.
No matter what industry you’re in, your company’s growth can eventually make it a target for competitors and lead to the need for a larger team. An MLM company is no different. Here are the 10 fastest-growing MLM companies based on the percentage of year-over-year increase of active independent contractors.
- 1. Nu Skin
- 2. doTERRA
- 3. NHT Global
- 4. Youngevity
- 5. Seacret
- 6. Stampin’ Up!
- 7. Captain Tortue
- 8. Neo Life
- 9. Thirty-One
- 10. Party Lite
MLM Market & Its Growth
As you may have noticed, the top 10% of companies by growth were all based in North America. So what does this mean for entrepreneurs looking to launch a new mlm business?
If you’re interested in a strong MLM company, you may want to look at some of the top companies on this list and see if they’re a good fit for your goals. It will likely depend on what country you wish to operate in, though. Moreover, it’s always important to make sure that the company you get involved with is legal where you live.
Also read: Is Network Marketing legal?
The MLM market continues to grow at a rapid pace. Many examples of fastest growing companies in the network marketing or MLM industry are listed above. Given how competitive MLM is, these companies need to continue to add even more distributors and emphasis the signup process for new distributors, as well as sales promotions for current distributors.
Now that you’ve taken a closer look at some of the things that these companies have done correctly and some of the problems they’ve encountered along the way, it’s your turn to take the next steps.
Before investing in a business opportunity, be sure to fully examine every possible angle for yourself. When investing outside of your own area of expertise, it pays to listen to the experts and do a thorough investigation.
How Did they Manage to Grow Like A Rocket?
At this point, I need to say that success is not an easy way to achieve. Firstly, we need to set up smaller pieces of goals. Secondly, we need to achieve those short-term goals in order to gain business success.
With the smartest MLM or Multilevel Marketing software like Neo’s, those tasks are very easy to attain and manage.
List of the Top 10 Fastest Growing MLM Companies in the World
Though with as many MLM companies there are in the world it can be a big hassle to keep track of which are the fastest growing.
Here is the list of 10 best paying and fastest growing MLM companies;
1. Nu Skin
Nu Skin Enterprises Limited (NYSE: NUS) is an American multilevel marketing company that develops and sells personal care products and dietary supplements. The company was founded in 1984 in Provo, Utah by Blake Roney, Steve Lund, Sandie Tillotson, and Gregg Sanderson. The company originated in the United States and began its first foreign operation in Winnipeg, Manitoba, Canada in 1990.
It is an American multilevel marketing company that develops and sells personal care products and dietary supplements under its own brand and its other brands which include the ageLOC and Tru face product lines. It was founded in 1984 in Provo, Utah. The company operates in 54 countries around the world, selling products in both personal care and nutrition.
The company has operations in the Asia Pacific, the Americas, Greater China, and EMEA (Europe, Middle East, and Africa). In 2013, it generated a revenue of $2.61 billion.
doTERRA is a Utah-based essential oil company that launched in 2008. The company now has more than a million Wellness Advocates around the world who sell its essential oils and other products through direct sales.
The doTERRA product line includes essential oils, skin care products, and nutritional supplements. Actually, the company was founded in 2008 by David Stirling who previously worked for Young Living Essential Oils.
The company has been named as one of the top fastest growing MLMs in the world. You can directly purchase essential oils from the company or from an independent consultant. They are headquartered in Pleasant Grove, Utah, but have offices all over the world including Europe, Asia Pacific, and Latin America.
3. NHT Global
NHT Global was founded in 2001. It specializes in health products such as dietary supplements, vitamins, and personal care items.
Youngevity was founded by Dr. Joel Wallach and his crew in 1996. It is a network marketing company that specializes in health products. The company has a very good compensation plan that rewards distributors for recruiting new distributors into their business opportunities.
It is an online platform that offers its clients high-quality products that promote optimal health and wellness to consumers around the globe. Their product categories include Nutrition & Weight Management, Food & Beverage, Beauty & Personal Care, Coffee & Tea, Home & Garden, Essential Oils and Pet Health
Seacret is an Israeli growing MLM company that sells beauty products and skincare products made from ingredients sourced from the Dead Sea region of Israel.
It is a skincare MLM company that began operations in 2005 under the leadership of Izhak Ben Shabat as its CEO/president. We can now say undoubtedly it is one of the fastest growing MLM companies in the world.
6. Stampin’ Up!
Stampin’ Up! has been around since 1988 and started selling a full line of decorative rubber stamps, scrapbooking articles, craft projects, and accessories in 1997. The company is famous for brands like Definitely Decorative, Two-Step Stampin’, Stampin’ Around, and Stampin’ Memories.
7. Captain Tortue
Do you love fashion and have a flair for helping people select excellent dresses? Then Captain Tortue is the right MLM company for you in 2021. Captain Tortue MLM is one of the best MLM companies in UK. As one of the best paying MLM companies, it specializes in casual and formal clothing for people of all ages. Captain is absolutely the right choice for the fastest growing MLM companies because it is a DSA member company.
8. Neo Life
Neolife operates in several countries around the world. It is a legit MLM company that specializes in nutritional supplements and herbal medicines that are helpful to prevent various common ailments. It uses hydrotherapy for its treatments, which includes using steam and aromatic oils.
In 2003, Thirty-One Gifts began as a way to sell purses and accessories by founder Cindy Monroe. The company’s mission is to provide women with the tools they need to thrive in life. The company’s focus is on its consultants, who are able to make money through the Thirty-One system.
The company reported an annual revenue growth rate of 300 to 500 percent in 2016, which was significant due to a flattening of sales between 2014 and 2015. Although the company’s revenue did begin to flatten out between 2014 and 2015, expansion into Canada led to an increase in consultants and sales.
10. Party Lite
Party Lite is the last one in the list of top 10 fastest growing companies in the world for 2022. Candles, fragrant oils, and lamps are some of the super-niche products you can sell as a Party Lite MLM associate. These are very different from commercial ones, and hence you’ll find an excellent clientele for their range quite easily.
Party Lite is popular for selling gorgeous candles and fragrant oils that burn with a clean, creamy scent. These items are excellent promotional gifts and clients will be hard-pressed to find something similar in this range of high-quality products.
While the top 10 fastest growing MLM sales companies in 2022 may be a good starting point, it’s not the total of all MLMs that are rising fast. There are plenty more out there with exceptional numbers. Look for those and start your path to success with network marketing.