What is Multi-level marketing?
Multi-level marketing or MLM is a direct sales home business. In this type of marketing an independent individual sells products or services from a company to a customer. The multi-level aspect of the market is a referral of each independent individual and their ability to recruit and train other new individuals to start their own business. The independent individual or representatives earn their profit by taking commissions from their trainee’s sales.
In popular culture, Multi-level marketing is also known as the pyramid scheme. A pyramid scheme is a marketing method in which an independent representative works for a company and is directly selling products from the company to customers.
Over the years, MLM companies have grown strategically. Here are the top 10 MLM company in India.
Amway is an American based multi-level marketing company that has established itself as one of the largest MLM Company in India. Amway is a private company working through the multi-level marketing scheme. Founded in 1959 in Michigan, It now operates worldwide and has around 16,000 and more representatives. It sells its products which are mainly health, beauty, and home-care only through authorized distributors. In 2018, Amway reported the sale of around 8.8 dollars making it one of the highest-earning pyramid scheme companies.
Vestige is a direct selling marketing company which was started in 2004. It is now one of the leading multi-level marketing companies in India. Vestige sells products related to health and beauty; they are a world-class dealer in wellness products. Vestige has a wide network of distributors and is constantly growing, making its way to international markets. Currently, Vestige has around 2500+ online as well as offline sale outlets. Gautam Bali is the founder and the owner of Vestige.
3.Forever Living Products
Founded in 1978 by Rex Maughan in Arizona, Forever Living is now rooted in various parts of the world. In India, it is one of the top multi-level marketing companies. Forever Living specialises in aloe vera products and bee derivatives cosmetics and supplements. In 2010, Forever Living had 4100 employees, 9.3 million distributors and revenue of 1.7 billion dollars.
Herbalife is a global multi-level marketing company manufacturing and selling nutritional and dietary products. It has established a wide network of operators and sale outlets in India. Herbalife was founded in the year 1980 by Mark Hughes. It is estimated to employee around 9,000 people worldwide. According to reports, Herbalife operates in various parts of the world with a network of around 4.5 million independent distributors. In 2018, this multi-level marketing company reported revenue of 4.9 billion US dollars.
5.Mi Lifestyle Marketing Global Private limited
Mi lifestyle marketing global private limited is one of the top network marketing companies in India. It is a private organization which was incorporated in the year 2013. It is registered in Chennai and is involved in Business activities. The paid-up capital of this multi-level marketing company is Rs. 13,225,000 and the share capital is 20,000,000. Manmohan Singh Kishore Kumar, Kolla Sathya Narayana, Hakeem Abdul Rahim are the director’s unit of Mi lifestyle marketing global private limited.
IMC is one of India's leading multi-level marketing companies. The company was founded by Dr Ashok Bhatia and Mr Satyan Bhaita. IMC is a direct selling company involving no middle-men. The company deals in mostly Ayurvedic products as well as health, beauty and personal care. This multi-level company was started in the year 2007 in India and has since then become a giant in the world of network marketing. It is considered as one of the first Indian companies to adapt to the pyramid scheme marketing strategies.
Modicare is another one of India’s giant multi-level marketing companies. It was founded in the year 1996 and has grown substantially, now residing in the list of top Indian multi-level marketing companies in India. Modicare has about 40 centers situated in various parts of the country and is continuously supplying products to 2700 cities in India. This company is offering a wide variety of products to its customers. Skincare, personal care, colour cosmetics, home care, laundry care, Agriculture products, Auto care, Nutrition, food and beverages, and health care products are the companies top selling products. This giant multi-level marketing company has now over 100 varieties of products and 1,00,000 active independent representatives making it one of India’s biggest network marketing companies.
Oriflame is a Europe based skincare and beauty product manufacturer and seller. It is one of the largest European multi-level marketing companies in India. It has established itself in India and other parts of the world. Oriflame was founded in 1967 by two brothers Jonas and Robert af Johnick and their friend Bengt Hellsten. Currently, this company has over 3 million independent representatives all over the world. Oriflame is present in over 60 markets as the leading seller of beauty products.
RCM stands for Right Concept Marketing. This network marketing giant was founded by Mark Moser in 1962 with its headquarter based in Oakland, USA. It is a multi-level marketing company selling grocery products, cosmetics and garments. It is ranked among India’s top multi-level marketing companies. RCM has over 750 varieties of products. As of now, RCM has 10 million independent representatives all over the world. This company offers various bonuses to its representative depending on their work and therefore, has established a trustworthy network of active representatives all over the world.
Avon is the largest beauty product selling multi-level marketing company in India for the last 20 years. It has a well-established network in more than 70 countries. Avon representatives in India can earn on an average 20,000 per month and the income can go as high as 3, 00,000. Avon also offers incentives to the representatives depending on their number of sales per month. It has an annual sale of 5.5 billion dollars in the year 2018. David H. McConnell is the founder of Avon.