TOP 10 MLM COMPANIES IN TAIWAN
Multi-Level Marketing companies have been around for more than 100 years. Many Networkl Marketing companies have already been successful at an international level, around the globe. The victory of these companies can be attributed to the marketing strategies of Multi-Level Marketing. Taiwanese entrepreneurs can make significant money with these marketing businesses. By expanding the product line, they target new audiences and the company’s success and the members. This success has only continued to grow and gather the public’s attention from every corner of the world.
Before we get into more details, let me brief you about Multi-Level Marketing (MLM).
WHAT IS NETWORK MARKETING IN TAIWAN?
Multi-Level Marketing (MLM) is a business strategy used by many MLM organizations to sell their products and promote their services, and it is also known as Network Marketing. MLM uses Independent Business Owners (IBO) or Independent Representatives (IR) to market and sells their products. These IRs or IBOs are paid with a percentage of profit from the sales they make and from the sales made by the network group members, called their ‘Downline’.
These representatives also encourage their members to recruit more people into their business network and reward them with Recruitment Bonus. MLM companies may have legitimate operations with various MLM Plans that don’t focus on just recruiting to make money.
Related: Network Marketing in Korea
MLM HISTORY OF TAIWAN
MLM business Plans has been prevalent among local consumers and entrepreneurs of Taiwan. However, there are some negative public attitudes due to the involvement of some fraudulent companies in this business. Many businesses gained a better reputation in Global MLM Industry, also known as Direct Selling Business.
“In terms of both public attitude and the regulatory environment,
Conditions in Taiwan are not friendly.”
– Ceasar Chen (Manager of Herbalife MLM).
A survey by the Fair Trade Commission found that nearly over 3 million Taiwanese (15% of the total Taiwan population) have a connection with at least one MLM company. But in the United States, where the whole MLM concept originated, only around 1 million citizens are involved in MLM Business. As Taiwan’s exports/ imports rate continues to grow, the trade and economy of the country are also rising simultaneously. Today, Taiwan ranks #7 among the most significant economic Asian countries. Taiwan is quite the economic powerhouse, with around 590 billion US dollars in 2020.
TOP 10 MLM COMPANIES IN TAIWAN
Taiwan has seen many MLM companies coming out throughout the years, and many companies have become popular and achieved great success in the industry.
Here’s a list of the Top 10 MLM Organisations in Taiwan.
World Global Network MLM Company, Taiwan
Promoting Healthcare & Wellness is the mission of the World Global Network (WGN). Wold Global Network was founded in 2011, and they are recognized as the leading marketing company that moves towards a stable economy and maintains social connections. Alfonso Galdi and Fabio Galdi founded WGN, and it is headquartered in Florida, United States. The company also supports their members to reach financial stability. Marketing wearable products have become more popular these days. They use innovative technology and the proven Direct Selling business model to help people alter their lives and lifestyles.
Chini Enterprise MLM Company, Taiwan
Chini Enterprise Co. Ltd was officially established in 1989 and headquartered in Taichung City, Taiwan. The founder and Chairman, Li Yanping, led all colleagues and their business partners to work together for a stable foundation for the business. As a growing leading Health & Beauty care industry, Chini Enterprise focuses on manufacturing Skincare & Wellness products High-tech Medical Equipments and more. Chini MLM Business has officially entered the international market with professional strength and has successively established overseas branches in Southeast Asia and Europe.
My Daily Choice MLM Company, Taiwan
My Daily Choice is a Multi-Level Marketing company whose product line is centralized on manufacturing and selling Health & Wellness products. Their products include the featured ingredient Deer Antler Velvet to maximize their products health benefits. The company was founded by Josh Zwagil and Jenna Zwagil in 2014. My Daily Choice is the fastest rising MLM company in the industry. Their affiliate program allows members to earn extra through commissions. They also launched a Forex/ Crypto platform for education and trading Crypto Currencies for MLM customers.
Valentus MLM Company, Taiwan
Valentus is an American-based MLM organization established in 2014 by Dave Jordan. Valentus was headquartered in South Dakota, United States. The most attractive product of this company is a coffee powder called SlimROAST Coffee, which helps with weight management. In Valentus, the representatives earn commissions from the sales and the new recruitments. Valentus estimated revenue is around 35 million USD from marketing more than 171 products. In many Asian countries, Valentus is considered the best Multi-Level Marketing organization.
RIWAY International MLM Company, Taiwan
RIWAY is an international marketing company based in Singapore. Lim Boon Hong established RIWAY on 2008. Since then, the goal of RIWAY has been to support more people to enjoy a better life and achieve their dreams through better-earning possibilities. By providing high-quality products and services, RIWAY empowers itself to stand out from the rest of its MLM competitors. RIWAY is growing rapidly, and it is continuously developing new networks in countries like Malaysia, Indonesia, Taiwan, Thailand, Philippines, Myanmar, Japan, and Hong Kong.
ATOMY International MLM Company, Taiwan
Han-Gill Park founded Atomy International in 2009, and it is headquartered in Gongju-si, Republic of Korea. The company has been selling around 452 varieties, including HemoHIM, Absolute Selective Skincare, Atomy The Fame, Healthy food supplements, Beauty products, and Fashion. Currently, the number of members is nearly 16 million, with about 650 employees. Atomy has adhered to the principle of good faith and will grow together with the rest of the Direct Selling companies. Atomy made an annual revenue of 1.48 billion USD in 2020.
Nu Skin International MLM Company, Taiwan
Nu Skin International is an American-based Multi-Level Marketing company headquartered in Provo, Utah. The company majorly manufactures and sells Dietary supplements & Personal care products. The company was founded in 1984 by a group of people; Blake Roney, Sandie N. Tillotson, and Steve Lund. Today, Nu Skin demonstrate that they have the best workforce, and it can set a standard for better quality products, working cultures, and job opportunities around the world.
Stemtech Corporation MLM Company, Taiwan
Stemtech Corporation is a Multi-Level Marketing company specializing in health and wellness and developing its stem cell products. The company was founded in 2005 by Christian Drapeau, Greg Newman, and Ray Carter Jr. They set up their headquarters in Florida. Still, they also have satellite offices in countries like the United Kingdom, Australia, South Africa, Malaysia, and Belgium. However, they were only selling products directly to consumers at the beginning. After 2009, they became an official Multi-Level Marketing company, and they recruited more members to sell their products and earn commissions from it.
Market America MLM Company, Taiwan
Market America is an international product sales and marketing company specializing in MLM Business. The company was established in 1992 and headquartered in North Carolina, United States. JR Ridinger & Loren Ridinger founded Market America MLM. Market America was started as a means to authorize entrepreneurs, and it evolved into a global phenomenon with thousands of entrepreneurs and billions of dollars in revenue. Market America is now actively operating in Australia, Canada, Hong Kong, Singapore, Malaysia, Taiwan, the United Kingdom and the United States.
Herbalife MLM Company, Taiwan
Herbalife Nutrition is an international MLM business that manufactures and sells dietary supplements. Mark R. Hughesfounded the company in 1980, and it employs around 10,000 people around the world. Herbalife has gained an iconic place in the Network Marketing industry. Herbalife’s revenue for 2020 is increased by 13%, resulting in the most significant annual sales of 5.5 billion USD and a successful MLM organization in the industry.
Since we have discussed the Top 10 MLM Companies, let’s analyze the future of MLM Companies and their business in Taiwan.
FUTURE OF MLM IN TAIWAN
Multi-Level Marketing has been in existence in Taiwan for more than 30 years, and Taiwan has over 25 years of regulatory experience from a management perspective. In addition, the number of people in Taiwan who are engaged in MLM activities is high as 10% of their total population. The turnover of some Taiwanese MLM businesses can range to millions of dollars, which is an industry that is not to be underestimated. Today, MLM organizations use the internet and other online platforms to sell their products and expand their businesses by marketing their services. This is becoming increasingly prevalent in Taiwan, and it offers an excellent opportunity for MLM Industries.
MLM has always been about providing marketing for products and services offered by a company. Taiwan is home to many successful Network Marketing companies in the world. Taiwan MLM focus on providing Healthcare & Personal care products to their consumers. Taiwan is a place where they’ve supported entrepreneurs, gained customers trust and symbolized reliability in their business journey. The strategy has already proven to drive these companies into a global success.