MLM or Multi Level Marketing companies are organizations that use a strategy that uses existing distributors of certain products to recruit more distributors. The already existing distributors are paid on how much they recruit and how much these new recruits sell their products. This article here will list out some MLM companies to watch out for so you don’t get caught up into their schemes which resemble pyramid schemes. You absolutely should not get involved with or join an mlm software provider. These companies may promise good pay and claim you could get rich by joining an MLM company, but in reality, you will not make much money or you will even lose money.
Firstly, we have Amway. Amway is an american company which is short for ‘American way’. This MLM company sells health, beauty, and home care products. Most of these products’ quality is not really high and they are mostly cheap items that are sold to the common person. Amway is one of the biggest Amway companies in the world. It was reported in 2019 that Amway has made $8.4 billion dollars in profit. It has been a target of scrutiny and investigation after the allegations made that Amway was a pyramid scheme. Do not fall for any recruitments to join Amway.
Secondly, we have Avon Company. Avon is the most popular makeup MLM company in America. Avon is famous for its cheap makeup, anti aging cream, eyeliners and its catalogues. By producing and distributing cheap makeup, Avon is able to make a lot of profit from people who buy their products. People who love Avon’s products have also built a brand loyalty towards Avon. Avon also had an annual sale of $5.7 billion in 2019. If you have seen Avon products around in your local store, do not buy them and boycott them. If you have been offered to join Avon, decline the offer.
Thirdly, we have Herbalife. Herbalife is a popular nutrition and supplement company that continues to sell their powders in America and Latin America after coming under fire in the recent press. Their supplements and meal replacers are known to be affordable and are claimed to be of high quality. Their dietary supplements have been reported to cause liver damage however. In 2019, Herbalife was reported to have made $4.5 billion dollars in profits.
Foruthly, we have Vorwerk. This german company offers intensely engineered, expensive like Thermomix cooking and appliances such as vacuum cleaners. Vorwerk is known to build affordable vacuum cleaners for the german public. Their kitchen appliances are also popular among people. Their appliances such as the Thermomix makes cooking easier for those who work in the kitchen. In 2019, Vorwerk has made $4.2 billion dollars in profits.
In conclusion, these are the companies you should watch out for and avoid at all costs. Joining an MLM company will make you regret it as you will not be able to make much money or even make money at all. For more articles related to this one, click here.