TOP 10 MLM COMPANIES IN SINGAPORE
The growth of the Multi-Level Marketing (MLM) industry has significantly impacted the overall Direct Selling Market around the world. MLM has touched all the areas around the globe, especially Asian countries like Singapore, India, Thailand, Indonesia, Malaysia and more. Nearly 40,000 distributors from different MLM Companies have assembled in Singapore in the past few years. Multi-Level Marketing has transformed many Singaporean’s lives by supporting their businesses to reach higher levels of success and enrichment. However, Singapore MLM Market has witnessed the rising trend of MLM Business day by day, with a rise in revenue of around 6 billion USD at the end of 2020.
Today, we will be covering the following sub-topics regarding MLM business in Singapore listed below.
Before we go into details, let me brief you about Multi-Level Marketing Business.
WHAT IS MULTI-LEVEL MARKETING?
Multi-Level Marketing (MLM) is also expressed as Network Marketing, and Direct Selling. Network Marketing is a technique that relies on Person-to-Person (P2P) sales of products and it’s services offered by the companies. MLM involves building a team of salespeople who deliver their products to many desired customers. The members of these network chains are rewarded for the products they trade personally and the products sold by their team members, also called ‘Downline‘. Most MLM Business takes place in person; communication is critical in building the network and making people understand your product and business.
Related:Network Marketing Software
As we discussed Multi-Level Marketing Business, let’s get into the details of MLM Business in Singapore.
HOW PEOPLE EARN MONEY FROM MLM
Multi-Level Marketing provides an excellent opportunity to start your own business from anywhere with a minimal investment. In MLM business, you can earn money in mainly two ways. One, by selling products personally and earning commission from it. Secondly, by building a downline of marketeers and receiving a commission percentage from their sales. However, you can even earn a ‘Recruitment Bonus’ bonus for recruiting new members to your network group. As this routine continues over time, you can make so much money from your business, including the passive income.
Network Marketing allows you to earn more money, parallel to your business income. MLM offers you limitless and flexible earning opportunities that you can make at the time of your sleep, during a vacation, while travelling, and even enjoy the work-life balance that every single person is dreaming of. The most updated MLM companies in 2022 are more automated than before. Here, you can recruit a downline team to generate leads and sell products through dedicated software, applications, and online platforms.
MULTI-LEVEL MARKETING IN SINGAPORE
Many companies started their business in this Lion City. Most MLM companies are registered in Singapore’s Direct Selling Association (DSA). By the end of 2020, the best Network Marketing companies started building a healthy customer base and improving their lifestyle by introducing them to better compensation plans. MLM also offers the best career opportunities for Singaporeans to do their own business and nourish their lives with better bonus earning potential.
An essential part of MLM business is the company’s compensation plans. The compensation plan should offer seamless and easy earning opportunities for members worldwide. It should also provide a fair reward for the effort and hard work, a member, puts in building their business network. The Unilevel MLM Marketing Plan is the most common in Singapore MLM Business.
TOP 10 MLM COMPANIES IN SINGAPORE
There are plenty of other new Multi-Level Marketing opportunities.
Below are the Top 10 MLM Companies in Singapore in 2021.
MINTBUILDE MLM COMPANY, SINGAPORE
Network Marketing is a distinctive but incredibly successful business strategy that flips the business world inverted. With more and more organizations leaping on the successful design, it’s essential that a business stands out from the rest and offers something unique. Mintbuilder is genuinely the best MLM company for 2022 in Singapore.
HERBALIFE MLM COMPANY, SINGAPORE
Mark Hughes founded Herbalife in 1980, California. Herbalife was likely predicted not to go the furthest in direct sales. As a wellness product manufacturing company, the competition was fierce, and many innovative products were coming out of the market. Herbalife quickly became a popular household name all over the world. With the network marketing method on its side, Herbalife was destined to make it big, and it did just that.
NUSKIN MLM COMPANY, SINGAPORE
Nuskin MLM was founded by Blake Roney, Steve Lund, Sandie Tillotson, Nedra Roney in 1984. They focus on manufacturing and selling personal and healthcare supplements, and NuSkin symbolizes this as they have grown so much since founded. As an antiaging product company in a world that works to look young, the company has become a multibillion-dollar network marketing company. The company donated USD 8 million in 2018 towards efforts to feed hungry children worldwide.
USANA MLM COMPANY, SINGAPORE
Myron Wentz founded Usana in 1992 with pillars of superiority, healthy, community, and integrity. Usana was built on a solid mission to help people enrich their lives. The company is supported by health and science experts and offers health supplements to help people live healthier, pain-free lives. This mission also aims to help people who are suffering from degenerative diseases. Usana has grown widely popular and successful with celebrity endorsements and network marketing.
QNET MLM COMPANY, SINGAPORE
QNET is global e-commerce MLM that provides unique, high-quality products and services while allowing them to build a sales business by promoting these products. A truly international company, QNET’s strength lies in our diversity. We may be Asian by heritage, but our distributors are spread across the Middle East, South and East Asia, Africa, Central Asia, and Europe. The company’s global footprint has helped develop micro-entrepreneurs in many emerging economies.
MORINDA MLM COMPANY, SINGAPORE
Morinda is a Network Marketing company based in Utah, USA, founded in 1996. They sell ‘Tahitian Noni Juice’ and other products made from the noni plant. Morinda was formerly known as Tahitian Noni International and Morinda Bioactives. It was a subbrand of Morinda Holdings, Inc. Now, through Noni by New Age business, we continue to be a global leader in noni-based products. Noni from Tahiti is exceptionally nutritious and has long been helpful for daily health and beauty by the Tahitian people. We will bring you the ‘Power of Paradise’ by Noni from Tahiti through various products.
PM-INTERNATIONAL MLM COMPANY, SINGAPORE
Rolf Sorg established PM-International in Limburgerhof in 1993. Later they uncovered the first foreign branch in Poland. The company extended their business to the Asia-Pacific region in Singapore. In 2019 the company released its payment system called PM-Direct Cash in Europe. Sales partners receive their income directly after the purchase.
BE INTERNATIONAL MLM COMPANY, SINGAPORE
BE International was founded in 2017. Their founder Ir. Lee Suet Sen, believe that creating outstanding results that last ‘Beyond Eternity’ begins with crafting genuine relationships with the people and world around you. Then only you can achieve your dream and sometimes even surpass them. In just two years, they built up to complete his first million and the rest, as they say in their history.
BEST WORLD LIFESTYLE MLM COMPANY, SINGAPORE
Best World International was founded in 1990. Best World International is a Singapore headquartered company specializing in developing and distributing premium skincare, personal care, beauty, health and wellness brands. Best world dedicates itself to the scientific research and development of innovative solutions, manufacturing and distributing quality brands of products through diversified channels, and constantly enhancing the customer experience with our products and services.
ENAGIC MLM COMPANY, SINGAPORE
Since 1974, Enagic has been a pioneer in alkaline water ionization technologies. By combining research with craftsmanship, Enagic’s Kangen Water systems enhanced the most vital life source around the world. For over four decades, Japan-based Enagic International has been the leading manufactory of alkaline ionizers and water filtration devices globally. Our passion is to convert the tap water in your residence into pure, healthy, electrolyzed-reduced and hydrogen-rich drinking water.
IS MLM BUSINESS ILLEGAL IN SINGAPORE?
Many companies like Amway, Mary Kay, and more use MLM Schemes to operate legally. MLM schemes are legal in Singapore unless they are excluded through meeting specific criteria. If the distributor does not earn a fair commission from the business, it is an illegal MLM Scheme. However, these companies will also force you to pay significant upfront money to join their business. This illicit business MLM is not allowed in Singapore. MLM activities in Singapore are governed by the Multi-Level Marketing and Pyramid Selling (Prohibition) Act. Direct Selling companies registered with the Direct Selling Association (DSA) of Singapore have the right to business legally.
Related: Top 10 MLM Companies in Philippines
Singapore is the most suitable place to start your MLM business. Joining any one of the companies mentioned above would be a great start to your direct selling career. MLMs are legal in Singapore like any other country. Many certain companies use the MLM business method for their operation. Although it’s not technically an MLM, they force you to pay capital upfront or make an initial investment to start selling these products.