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Highest paying MLM companies

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HIGHEST PAYING MLM COMPANIES

We are here to analyze the Highest Paying MLM Companies that you can join. If you wish to start a business with less investment to work from home with flexible timings and get great benefits during this COVID-19 situation, you have come to the right place, and your time has never been the best time than this. MLM happens to be the most accessible and most affordable opportunity for most ordinary people out there willing to start a new business.

 

WHAT IS NETWORK MARKETING OR MLM?

Network Marketing or MLM is a business model that depends on person-to-person sales by independent representatives, often working from home. A network marketing business may require you to build a network of business partners or salespeople to assist with lead generation and closing sales.

Related: Multi Level Marketing Software for MLM Business

 

HOW PEOPLE ARE MAKING MONEY FROM MLM

Mult-Level Marketing Associates makes money mainly through their Product Sales. When it comes to sales, there are many terms used to describe money or the method of getting paid in one form or another, like commissions, bonuses, incentives, and so on.

 

COMMISSIONS

The commission is a piece of an employee’s total compensation and is paid out when that employee makes a sale. The actual amount earned is determined by the commission rate, which represents the revenue on the sale. 70-75% of distributors in Multi-Level Marketing only receive a couple of hundred dollars commission per year.

Commissions are best practice when:

  1. They are applied to earlier stage companies or new product introductions.
  2. There are equal selling opportunities across all assigned territories.
  3. The sales organization has goal-setting challenges.
  4. Considering new account hunting roles.
  5. To increase product trade rate.

 

SALES BONUSES

It is an earning made through advertising the goods of the manufacturer and receives a certain percentage of income when he/she makes a good level of trade. A 25% of Multi-Level Marketing clients make money just through their product sales.

Sales Bonuses are best practice when:

  1. The company or market is more mature.
  2. The company has a strong brand or a well-supported sales organization.
  3. There are significant differences in selling opportunities among sellers.
  4. There are solid goal-setting processes.
  5. Considering retention or penetration roles.

 

LOYALTIES

Loyalties are points that they can redeem for purchasing from other sellers. The customers who buy a product receive loyalty. The business will flourish and also help each other establish a bond between MLM organizations.

Loyalties are best practice when:

  1. Encourages employees to work harder.
  2. Helps manage payroll expenses.
  3. Helps highly talented professionals to earn in sales and marketing.
  4. Payments tied to revenue.
  5. Ensure optimized selling efficiency.

 

ROYALTY BONUSES

Royalty Bonuses also known as royalty pool, are additional commissions you might receive above and beyond your standard product commissions. The royalty bonuses are based on the total sales volume of the entire company. Royalty will distribute on an equal sharing basis according to rank every month.

Royalty Bonuses are best practice when:

  1. Helps to Increases Sales.
  2. Only pay on sales conversions.
  3. Managers can effectively control labor costs.
  4. Have a complete control on sales.
  5. Attracts best salespeople.

 

STUDY OF THE  HIGHEST PAYING MLM FIRMS

 

1. AMWAY

Amway got started in 1959. They have everything from weight loss shakes, eye care & lip care, laundry detergents, household cleaners, and much more. They’ve been the #1 MLM Company in the globe for years.

amway-mlm-company

BENEFITS OF BEING AN AMWAY ASSOCIATE

  • Can buy products at Distributor Price (Discounted Price).
  • Can participate in Loyalty Program, And Loyalty points can be redeemed as products.
  • For every 100 Rupees spent, 1 point is awarded. One point is One rupee for redemption calculation.
  • Avail all promotions and offers floated for its distributors.
  • There’s a $62 registration fee and an optional Product Starter Kit that costs $99.99 for beginners.

 Commission, bonus details of Amway.

  1. Commission :  3%.
  2. Retail profit :  15% of sales.
  3. Income :  Retail profit + Commission.

For every Rs.30 of sales, you get 1 incentive point. Higher the incentive points, more the commission on sales. Amway calculates monthly Commissions for you based on the Points. Earned on personal sales volume that you build by selling products to customers.

 

2. FOREVER LIVING

forever-living-mlm-company

Forever Living International Products is an Arizona-based MLM Company founded in 1978 by CEO Rex Maughan. Forever Living consistently exceeds the ratings of the best MLM companies in the U.S, with an impressive ranking of 9 out of 10.

BENEFITS OF BEING A FOREVER LIVING ASSOCIATE

  • Distributor discount of 30% on all their products.
  • Startup fee ranging from $88 to $250 US dollars.
  • You’ll recive an extensive range of support materials.
  • A free license to trade internationally.
  • Cash bonuses, Foreign travel, Adventure opportunities will be providing.

Commission, bonus details of Forever Living.

  1. Commission : 3%.
  2. Retail profit : 25% of sales.
  3. Income : Retail profit + Commission.

For every Rs.14 of sales, you get 1 incentive point. Higher the incentive points, more the commission on sales. You’ll get their products at wholesale prices, and earn up to 30% when you sell them at retail prices. On top of that, you’ll get a Personal Discount of up to 18% for sponsoring each new customer and helping them make sales.

 

3. TUPPERWARE

tupperware-mlm-company

Tupperware is an iconic American plastic container Manufacturing company established in 1948 by Earl Tupper in Massachusetts. Its products range from household goods to portable containers. Presently, Tupperware produces clothing and other merchandise as well.

“Tupperware is serving from more cooking at home and concerns over food storage and safety, all over the globe, an average Tupperware dealer can earn about $700 to $800 US dollars in extra income, annually.”

 – Miguel Fernandez (CEO, Tupperware).

  BENEFITS OF BEING A FOREVER LIVING ASSOCIATE

  • You can purchase Tupperware products at 25% off the retail prices.
  • Tupperware markets its products with the help of 2 million Direct sellers on contract in 100 nations.
  • When you recruit a consultant, you receive up to 6-8% of their sales as a bonus.
  • Consultants can earn up to a maximum of 35% commission on their sales.
  • Earn Tupperware subscription for 3 months, including some of their selected product free of cost.

Commission, bonus details of Tupperware.

  1. Commission :  6%.
  2. Retail profit :  25% of sales.
  3. Income :  Retail profit + Commission.

For every Rs.15 of sales, you get 1 incentive point. Higher the incentive points, more the commission on sales. Tupperware offers 25% commission on the products sold by representatives. If a representative exceeds the sale of $1200, he is entitled for a commission of 5% as bonus.

 

4. doTERRA

doterra-mlm-company

 

Including doTERRA, there are several brands of essential oils out there in the store. However, many have changed to doTERRA because of its obligation of using 100% pure essential oils. With this, doTERRA has consistently ranked #8 in the field on the overall score of 10.

BENEFITS OF BEING A doTERRA ASSOCIATE

  • The startup cost for dealers runs around $150 to $2,750.
  • doTERRA has the highest customer holding of 80%, which far exceeds the competition, usually at 10-15%.
  • A doTERRA dispenser can earn a 25% commission off of retail prices, which is also a fixed bonus for recruiting members.
  • A doTERRA executive can earn a minimum of $1,837 per year.

 The yearly renewal fee of doTERRA for a wholesale membership is $25.00 only.

Commission, bonus details of doTERRA.

  1. Commission : 3%.
  2. Retail profit : 25% of sales.
  3. Income : Retail profit + Commission.

For every Rs.23 of sales, you get 1 incentive point. Higher the incentive points, more the commission on sales. As a beginner you can earn 15 to 25% of the PV (Personal Volume) or any orders placed by new people that you personally enroll within their first 60 days.

5. MARY KAY

mary-kay-mlm-company

Mary Kay Ash organized it in the year 1963 in Texas. Mary Kay has always been a steady performer when it comes to income among Networking Companies. Mary Kay is a recognized brand with immense beauty, health care, facial,  skincare, body care, nail care, fragrance, and more.

BENEFITS OF BEING A MARY KAY ASSOCIATE

  • Mary Kay beauty consultants only need $100 as a starting investment.
  • As a beauty consultant of Mary Kay, you can earn both from direct selling or by selling out wholesale products to your retailers.
  • An average beauty consultant can earn nearly $1000 USD per year .
  • Mary Kay also offers Medical/Dental/Vision Coverage, Life Insurance/Accidental Death, and Dismemberment to their associates.
  • Mary kay makes sure every employee gets their seasonal Holiday Bonus, Product discounts.
  • By being a Mary Kay Associate, You can earn a vehicle through this sales program.

Commission, bonus details of Mary Kay.

  1. Commission :  3%.
  2. Retail profit :  25% of sales.
  3. Income :  Retail profit + Commission.

For every Rs.23 of sales, you get one incentive point. Higher the incentive points, more the commission on sales. As a beginner, you can earn 15 to 25% of the PV (Personal Volume) or any orders placed by new people that you enroll in within their first 60 days.

 

CONCLUSION – HIGHEST PAYING MLM COMPANIES

Joining a networking company is a serious decision and one that you should not take easily. You will initially have to invest some of your funds, time, and resources, so it’s critical to make sure that the corporation you’re yearning to join has been there long enough, is stable, and offers the best benefits package. I hope the above article has given you an idea about the Highest Paying MLM company and their details to pick your company more sensibly.

 

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