We are aware that MLM, also known as network marketing, has been on the rise worldwide for the past 30 years. However, in 2019, the Corona epidemic weakened many nations' economies.
Many nations' diplomats are unable to restore their economies to normal. Some nations have demanded the establishment of businesses like Network Marketing to deal with this time. They now know that the only business that can hire millions of people is network marketing. It is capable of economic management.
Read this If you don't know What is Network Marketing, MLM, and Direct Selling?
Here we can share some Top Network Marketing Companies in the world.
Top Network Marketing Companies in the world:
Some of these companies played a good role in Corona pandemic. These companies provided an opportunity to make money when there is no other option during Corona pandemic.
Here are some of the Top Network Marketing Companies in the world by revenue and ranking.
- Amway
- Natura & Co
- LG Household & Health Care
- Avon Products
- Herbalife Nutrition
- Forever Living Products
- Tiens Group
- Oriflame
- Nu Skin Enterprises
- DXN
1. Amway:
Amway, abbreviated as "American Way," is a multi-level marketing (MLM) company based in the United States that sells household, beauty, and health products. The Ada, Michigan-based business was established in 1959(63 years ago) by Jay Van Andel and Richard DeVos.
In 2019, Alticor's sister companies, Amway and Alticor, reported sales of $8.4 billion. It does business in over a hundred countries and territories through a number of affiliated businesses. They have 16,000+ numbers of employees.
Institutions like the Federal Trade Commission (FTC) have looked into Amway for allegedly engaging in pyramid scheme practices. Despite paying tens of millions of dollars to settle these lawsuits, it was never found guilty.
2. Natura & Co:
Natura & Co. is a global cosmetics and personal care company based in So Paulo. The Natura and Co Gathering as of now incorporates Natura Cosméticos, Aesop, The Body Shop, and Avon. With the exception of Antarctica, the Group is present in 73 nations. Antônio Luiz Seabra established Natura Cosméticos, the parent company, in 1969(53 years ago).
In 2004, the public company became listed on the So Paulo Stock Exchange. The company is currently the most profitable cosmetics company in Brazil. Natura & Co. announced in May 2019 that it had signed a definitive agreement to buy Avon Products, Inc. The deal was approved by Brazilian regulators at the beginning of November 2019 and closed in January 2020, making Natura & Co. the world's fourth-largest pure-play beauty company. They have 35,000+ numbers of employees. Its revenue reported by 2020 is $36.9 billion.
3. LG Household & Health Care:
LG Household & Health Care is a significant manufacturer of cosmetics, beverages, and household goods in South Korea. In South Korea, it is also the bottler for the Coca-Cola system.
In 1947, LG Corp. founder Koo In-Hwoi established Lucky Chemical Industrial Corp and introduced Korea's first cosmetics product, "Lucky Cream." In 1954, the company also launched Korea's first toothpaste brand, "Lucky Toothpaste."
In April 2001(21 years ago), LG Household & Health Care was spun off from LG Chemical and listed on the Korean Stock Exchange.
LG Chemical Ltd. became the company's new name in February 1995. In 2005, the company's current CEO and vice chairman, Suk Y. Cha, joined, and the turnaround was successful.LG Household & Health Care is currently entering the global market for personal care products and cosmetics. They have more than 10,000+ numbers of employees. Its revenue is reported as $4,666 billion.
4. Avon Products:
Avon Products, Inc., more commonly referred to as Avon, is a London-based multinational American-British cosmetics, skincare, fragrance, and personal care company that commenced operations in September 1886 (136 years ago).
In 1892, David H. McConnell, the company's founder, changed the name. His partner in business suggested that he rebrand as "California Perfume Company."The "California Perfume Company" became "Avon Products" on October 6, 1939.
Products from Avon are sold in over 100 nations. In 2010, the company's largest market was Brazil, surpassing the United States. In 1990, Avon entered the Chinese market. Direct selling was prohibited in China in 1998, which constrained Avon to sell just through actual stores called Magnificence Shops.
In 2001, the restriction was lifted, and in 2006, the company was granted a direct-selling license. Around $10 billion, or 88% of Avon's 2013 revenue, came from overseas markets.
It sells to the public directly. In 2020, Avon's global annual sales were $9.1 billion. With 6.4 million representatives, it is the world's fourteenth-largest beauty company and the second-largest direct-selling business (after Amway). Angela Cretu is the CEO of the company. She was given the job in January 2020.
The multinational corporation Natura & Co. announced its intention to acquire Avon in May 2019; January 2020 marked the deal's conclusion.
Current shareholders of Natura owned 76% of the combined company, Natura Holding S.A., while former shareholders of Avon owned 24%. Avon became a privately held company after the merger was completed, and the trading of common stock on the NYSE was discontinued.
5. Herbalife Nutrition:
Herbalife Sustenance Ltd. is a worldwide staggered showcasing (MLM) organization that fabricates and showcases wholesome enhancements. Herbalife Global, Inc. or then again just Herbalife are different names for the organization. Engrave R. Hughes established the association in 1980, and it utilizes roughly 9,900 individuals around the world. Its revenue is reported as $5.54 billion by 2020.
The Cayman Islands are where the organization was consolidated, and its corporate base camp is in Los Angeles, California. The organization works in 95 countries through an organization of roughly 4.5 million free merchants and individuals.
Analysis has come about because the organization is being blamed for running a "pyramid scheme."In a 2016 settlement with the Government Exchange Commission (FTC), Herbalife consented to pay a $200 million fine and "essentially rebuild" its business in the US, yet not worldwide, in light of these charges.
6. Forever Living Products:
The organization was established in 1978 by Chief Rex Maughan. In the wake of procuring Aloe Vera of America during the 1990s, the organization detailed having 4,100 representatives in 2006 and an organization of $9.3 million merchants in 2021.
In 1978, Ali Hassan and Carl Jensen laid out Always Living in Tempe, Arizona. During the 1990s, Ali Hassan made an acquisition of Aloe Vera of America, an organization situated in Texas. Through Aloe Vera of America, Perpetually Living's items were appropriated.
Perpetually Living Items had its base camp in McCormick Farm, Arizona, in 2007. The organization's hotel division possesses various comparative properties.
On the yearly Inc. 500 rundown of the privately owned businesses in the US that are growing at the quickest rate, the organization was positioned as No. 6.
With around 150,000 wholesalers and 55 representatives, Always Living revealed an unaudited yearly income of more than $1.15 billion toward the finish of 2005. The next year, Everlastingly Living came in first.
At that point, the organization was said to have 4,100 workers and sell its item in 100 nations.
In 2010, the organization detailed an unaudited income of $1.7 billion and 9.3 million wholesalers. The business was available in excess of 165 countries starting around 2018. Its revenue is reported as $4 billion by 2021.
7. Tiens Group:
Tianjin, China, is home to the multi-level marketing and multinational conglomerate Tiens Group. Li Jinyuan founded Tiens Group in 1995(27 years ago).
In 1997, Tiens entered the international market. Traditional Chinese medicines, calcium tablets, and instant coffee were the first products the company offered.
They said that they had 12 million MLM distributors all over the world, including over 40,000 in Germany, and 40 million customers, most of whom were in Russia, with roughly 60,000 in Germany. They said they had 200,000 distributors in Uganda in 2014.
The company took 6,400 workers on a four-day trip to France in May 2015. They established a Guinness World Record for the longest "human-made phrase" while they were in Nice.
8. Oriflame:
Oriflame Holding AG is a Swedish multinational multi-level marketing company that uses a network of independent sellers to sell beauty and personal care products online directly to customers.
Bengt Hellsten and the brothers Jonas and Robert Af Jochnick founded Oriflame on January 1, 1967, in Sweden.
Oriflame has a registered office in Stockholm, Sweden, as well as a head office in Schaffhausen, Switzerland. Up until its delisting on July 17, 2019, Oriflame was listed on Nasdaq Stockholm.
The company has 1,000 products, 6,000 employees, and a turnover of over 1.3 billion euros.
Over 3 million Oriflame Brand Partners will market Oriflame's beauty products as of August 2020 in more than 60 countries.
Online marketing and sales are carried out:55% of the company's global orders in 2019 were placed on mobile devices, and 96% of them were placed online.
9. Nu Skin Enterprises:
In 1984, Nu Skin was laid out in Provo, Utah. After first taking special care of the market in the US, the business started tasks in Canada in 1990. The business started tasks in Asia in 1991, starting in Hong Kong. In 1996, the association was recorded on the New York Stock Exchange.
Pharmanex, the dietary enhancement organization's parent organization, was procured by Nu Skin in 1998.
Nu Skin Ventures is a staggered promoting organization that makes and sells dietary enhancements and individual consideration items in the US. It is a public corporation. Through an organization of roughly 1.2 million free merchants, the organization sells its items in 54 business sectors. The organization makes and sells in excess of 200 items for individual consideration under the Pharmanex and Nu Skin brands, determined to cause individuals to look and feel more youthful. They have approx 5,000+ employees. Its revenue is reported as $2.68 billion in 2018.
The staggered showcasing practices of Nu Skin were the subject of an examination by the FTC during the 1990s. Following an examination by the FTC, Nu Skin paid $1 million and marked an assent order denying it from making tricky or unconfirmed cases about its items in 1994.
In 1992, the organization settled claims that it had been blamed for tricky publicizing and exaggerating wholesalers' earnings. In 1997, the organization settled cases of unconfirmed limited-time claims by paying the FTC an extra $1.5 million. In the wake of being sued by China in a Utah government court, Nu Skin consented to pay a $47 million settlement for working a fraudulent business model. After a U.S. Protections and Trade Commission examination, Nu Skin was likewise requested to pay another $750,000 for utilizing assets from its magnanimous division to pay off a high-positioning Chinese authority.
10. DXN:
Malaysia-based multilevel marketing company DXN was founded by Datuk Dr. Lim Siow Jin in 1993. Dietary supplements containing Ganoderma or Lingzhi are made and sold by DXN.In some countries in Europe and Asia, affiliated businesses Daehsan, Ltd. and Daxen sell DXN products.
In September 2003, DXN Holdings Berhad became the first company to be listed on the main board of Bursa Malaysia. In December 2011, the company was taken off the board as a result of a takeover bid from the founder.
DXN Possessions was the sole investor of Daxen Biotechnology, a Malaysia-based maker of monascus, vinegar, organic product catalysts, and other drink items.
On the Direct Selling News Global 100 list of direct-selling businesses in 2018, DXN ranked 15th.
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2 Comments
Highly recommended. One of the best post for everyone who wants to know about marketing companies.
ReplyDeleteNice thanks
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