Want to start a business for low startup costs and with unlimited earning potential? Multi-level marketing (MLM) is that low-cost and high upside business model you have been looking for as a frugal entrepreneur. Also known as network marketing, MLM lets you sell valuable products or services while building a downline team that is your key to that elusive passive income and increased revenue streams in 2024.
Stop dealing with the 9-5 grind at that job you hate and become your own boss with MLM and direct selling!
Start Building Your MLM Business Now
The MLM business model for a distributor doesn't require finding investors or doing fundraising, and you can bootstrap the negligible startup costs yourself with one week's paycheck or side hustle gig. You can literally start a six or even seven figure potential network marketing business for just a few hundred dollars or less and low monthly fees with most MLM companies. That is an unbeatable opportunity in 2024 where many businesses and industries are floundering or failing. Want to work from home or travel often instead of being stuck in your cubicle? That is no problem with network marketing, affiliate marketing, and direct sales!
But which MLM company is the best to become a rep with? What network marketing business should you join? We answer that below in our network marketing guide to the five top MLM businesses in the industry today for plentiful profit potential in 2023 and 2024.
Top 5 Best MLM Companies For Profit Power 2023-2024
1. LiveGood
LiveGood is legit and is changing the MLM game forever! It is time to leverage LiveGood to make your entrepreneurial dreams come true. Their claim to fame is a fast-growth multi-level marketing business that has premium products at a wholesale price. The startup and membership costs of this network marketing business is very low and you don't have to deal with any expensive auto-ships monthly. You can even save money by purchasing annual memberships instead of monthly, since it is worth staying in this MLM startup for years. Boost your health and wealth with the LiveGood MLM opportunity!
Learn More About LiveGood MLM Here
Don't get left in the dust, sign up for LiveGood before a million more members join! Over 900,000 have already joined and it is growing at a record-breaking pace.
2. Oriflame
As a multi-level marketing beauty company with more than 50 years of history in the direct sales market, Oriflame maintains their stance as being a company without comparison. Oriflame offers high quality products with safety reassurance and maintains this year after year. The top-ranked direct selling company also has shown great adaptability as they remain relevant to today’s latest trends and fashions. Believing that you do your best when you feel and look your best, Oriflame has set out on a path of successfully enriching people’s lives in 2023 and beyond.
3. Avon
With over 130 years of experience, it is no surprise that Avon finds itself as one of the leading network marketing beauty and skincare brands in the world. Offering a plethora of skincare, beauty items, and personal care products, the company has shown great resilience and determination over the years. Avon has always aimed to empower women with a direct sales business opportunity they otherwise may not have, and has found remarkable success as a result. This top MLM company has also shared this success by giving back for those in need and for awareness purposes.
4. Mary Kay
When Mary Kay Ash set out to launch her own business, she wanted an opportunity for women to feel comfortable and successful in the business world to be born. She did just that when she launched her cosmetic line that remains one of the top network marketing companies across the globe to this day. As a global enterprise helping to reach women all over the world and help them make a difference in their own lives, Mary Kay is also giving back and making a difference all over the world. It continues to be a top ranked MLM company even today.
5. Valentus
With an MLM company name meaning ‘to prevail’, Valentus has made a prevailing impact on the network marketing world as a business that seeks to reach all new heights and make itself known in the MLM world. Valentus has seen great success in doing this, as the MLM company offers such a wide array of health and wellness products that it offers something for anyone no matter what stage of their wellness journey they may be. Most of the world drinks coffee, so it is time to tap into that massive market with this leading MLM company in 2023. Caffeinate your passive revenue streams with Valentus network marketing!
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More Top MLM Companies Coming Soon In 2023 And 2024
There are many other top MLMs to consider as well such as MWR Life, Cruises, Bode Pro, Perfectly Posh, Tupperware, and Amway but these are some of the most dependable and proven network marketing companies in the industry today. But keep researching the right particular MLM and checking back to this article, because there are new network marketing businesses launching and pre-launching each month in 2023 and 2024!
MLM Mistake Minimization: Business Blunders To Avoid In Network Marketing
It is tough taking the plunge and committing to an MLM company. I was a little worried myself when I joined my current MLM company, but there is a lot that I have learned about the Direct Selling industry since then. People do make mistakes though in network marketing and direct sales, especially since they are starting a new profession.
Let’s see what mistakes new network marketers make as they build their MLM business venture after they join a top MLM company:
Rejection Is A Normal Part Of MLM
First thing an excited new network marketer wants to do is tell everyone they know about these awesome new products and the financial freedom they can have if they just join NOW. This is like the 15 year old revving up the engine and everyone watching is worried. This is when the sponsor who brought the new network marketer in needs to train them in how to speak, because MLM is a language and there is no selling in this language if it is spoken properly. Rejection can be prevented at the best network marketing coffee business if the sponsor teaches the new distributor how to prospect properly.
The days of having a new distributor create a list of their 25 closest friends and family that might do well in the business are over. It is okay that your broke uncle and crazy step-mom don’t join your business. They are broke and crazy for a reason to be honest, so you might be better off building your downline with a top MLM business opportunity without them.
Go after the people you want in your business. It is your business, you can pick and choose who you want in it. There are way better prospects online who are looking for the type of opportunity you offer. Attracting prospects to you online takes time, but is more rejection free than prospecting in person. This is what rejection feels like in the MLM business.
Rejection is integral with prospecting, even the best MLM leaders get rejection but it can be treated with indifference, like a waitress asking customers if they want more coffee. Some will want more, some won’t, and so what. It is not a personal attack on the waitress and that goes for network marketers who are constantly prospecting. You have to get a lot of "no" to get to some "yes" responses.
Go through the numbers, sift through the sand to find the gold nuggets of leaders and never look back. Keep shucking oysters until you find some top MLM team leader candidates, especially in a big MLM marketplace such as India.
Getting Stuck In MLM Management Mode
When we do finally create a team of distributors in our MLM downline, some of us get stuck in management mode. We stop bringing in fresh people, the lifeblood of our business, and go into management mode. Management mode is basically micro-managing people and doing things for them that they could do themselves.
Discouragement Happens In Network Marketing
Discouragement and even depression can set in after the “honeymoon” stage of MLM wears off in the first six months to a year in your home-based business. Many new network marketers jump ship and go to the next MLM company, or quit altogether. It is imperative to keep in contact with your new distributors and check in with them. Ideally, if they were initially presented the opportunity properly and told about the time frame for becoming successful in network marketing to be 2 to 5 years, sometimes longer, sometimes shorter, than the new distributor would have a better perspective on the venture.
Keep them plugged into the training and testimonial calls from your company. This will keep their enthusiasm elevated. The longer you sustain someone’s optimism, the quicker they will become leaders themselves. When in doubt, learn more about direct selling and MLM recruiting. If you feel stuck, read positive books on success, network marketing and self-development.
My first six months after joining a top MLM company I watch every training video on YouTube. I downloaded over 30 eBooks on network marketing and I tuned in to the weekly testimonial calls. Do what you have to do to stay in the MLM in 2023. You will never fail in network marketing if you don’t quit.
Branding Your MLM Company, Not Your Personal Brand
When I joined my current business, I researched it thoroughly online. I found a top 100 list and found the company and product I wanted and set out to find a sponsor. I found maybe 10 people on YouTube who were talking about joining their business, which was the company I wanted.
I found one guy at the top of the page and I was turned off right away by his baseball cap and his casual talk about your MLM company success and using the word bro. I didn’t feel comfortable joining some younger guy wearing a baseball cap. That is just me personally, but professionalism is needed in this industry and I found a guy that seemed more my style about 5 videos down. So, it does matter how you present yourself online. I certainly wouldn’t join a person if all they did was spam “Earn $5000 a week for FREE” with their MLM opportunity to uninterested recipients.
The internet is flooded with scams and most people can’t tell the difference between a Ponzi Scheme and a legitimate network marketing company. The easiest way to tell if it is legit is that the company has a consumable product that needs replenishing monthly, this is how re-occurring income happens for us in the profession. A Ponzi Scheme has no product and the company is driven by the commissions of recruiting lots of people, but there is no product. Bernie Madoff pulled off the biggest Ponzi Scheme in America with scamming billions of dollars off of investors. The Ponzi worked as long as it did because he was always bringing in new investors, whose investments paid the dividends to the investors who were in longer. Know the difference and find a product you love.
Conclusion: Learn And Earn In MLM For 2023 And 2024
This leads me back to suggesting books on Success and Leadership. A really good classic is How to Win Friends and Influence People by Dale Carnegie and Think and Grow Rich by Napoleon Hill. These books will slowly transform you and your multi-level marketing success opportunities. The more you learn, the more you earn in affiliate marketing and direct selling. Network marketing is one big self-development course, even with Chinese MLM businesses. Of course, in the beginning most people are money motivated, but as they mature within the business they will learn that helping others become successful within MLM is way more satisfying and more profitable.
Spamming your links is a dead-end. It might work in the short-term, but to build a strong foundation in your home-based MLM business takes being a selfless leader who solves people’s problems, not directly, but through videos or content that can be distributed automatically and effortlessly to thousands of your team members.
There will be a time when you have so many people on your downline team you will want to do webinars and videos to communicate to them all. You will have teams growing in parts of the world you had never heard of. It is an exciting profession and once your business gains momentum there is no stopping it. You will be set for life and your children can inherit the business. Stay focused and positive with your MLM business strategy, online marketing, product sales, and recruiting.
You can only get better, so stick out the tough times by training more and visualizing the end result you desire. I use positive affirmations daily and have my ideal lifestyle pasted as pictures on my vision board. These practices do add up to a complete version of myself that I wanted to become. You will become that leader you look up to as well if you don’t quit MLM in 2023 and continue piling on the profits in 2024 along with the years ahead.
