The only problem is, most people who venture into multi-level marting (MLM) as it is most commonly referred to, end up with fraud companies instead of genuine, reliable, and profitable companies.
In today’s post, instead of showing you new MLM companies that just set foot in India the other day and are yet to be verified as either reliable or fraudulent, I will show you;
Top 20 MLM companies in India that operated in 2022 with success and have a high potential of making you more money in 2023.
Before we begin though, let’s define network marketing for that young person who’s just coming across this concept for the first time.
What is network marketing or Multi-Level marketing (MLM)?
Multi-Level Marketing is a type of marketing strategy that uses direct sales to sell products and services.
This concept uses distributors, salespeople, consultants, promoters, and interested participants.
One too many times the MLM concept fails. Especially when participants can no longer gain enough earnings from the binary or pyramid-shaped compensation commission systems developed by network companies.
That said, I’d recommend that you only join network marketing if you have strong sales skills and you get your mojo earning from a commission type of structure.
Otherwise, stick to your 8-5 job or spend more time in your business.
How to start your network marketing agency in India in 2023.
If you already have in mind a product that you wish to promote and you have some strong sales skills, then you are halfway into MLM.
The next thing to do is to establish and market your business and you will be all you can be sooner.
For a totally new marketer who’s seeking network marketing for the first time, consider following the process outlined below if you truly want to be successful on your first try.
- Find your niche
By niche, I mean a specialized segment of the market for a particular kind of product or service.
Which product or service do you feel comfortable promoting?
Could you sell it?
Is there a market for it in India?
What are the market trends and demographics for the geo you wish to target?
Try to answer these questions and try to align your business with your answers to ensure success.
2. Develop your product and/or determine your suppliers.
Did you find your market in step 1?
Have you decided on the product to go for?
Now it’s time to bring in your products.
Decide if it will make sense to your business to bring in already existing products at wholesale or to develop a whole new product from scratch.
Whichever option you choose, ensure it will make business sense and bring you profits either short term or in the long run.
3. This is network marketing, remember?
Now that you have both a niche and a product, it’s time to set margins and develop a compensation plan for the distributors, promoters, and other interested salespeople.
You could decide to pay a percentage for every successful sale or better yet, create a stratagem rewards and incentives plan.
4. Organizational structure.
Remember, this is a Multi-Level Marketing company we are coming up with.
As such, it is important that the organization portrays seriousness in and outside the organization’s premises.
Before going live, ensure to set up the required software services, get an interactive website, do instruction manuals for your products and services, and make order forms, price lists, and catalogs.
Also, ensure that you do a thorough management setup and cast it in stone for new marketers to know who they are reporting to and at what time to do what.
5. Show your customers what you got.
If anything, this is the most important part of the process.
Market your products to reach the end-user. Because otherwise, your new business is as good as dead without customers.
Remember we built a website in step 4? Leverage cost-per-click advertising, SEO, and social media advertising to get consistent and continuous clients.
If starting your own network company is too much for you at the moment, then consider working for other established MLM companies in India.
Below are some of the best MLM companies in India to work for in 2023.
Amway, short for American Way is a US-based MLM company founded in 1959 by Jay Van Andel and Richard Devos.
This company has a strong presence in India and in other Asian countries and it specializes in the sale of homecare, health, and beauty products.
Amway is known for its household cleaners, dishwashing liquid, health and beauty brands (Attitude), energy drinks, serums, anti-aging creams, cosmetics, skincare, and eSpring Water filters.
Compared to other MLM companies that started in the ’60s, it is the largest direct-selling enterprise in 2021
2) Vestige Marketing Pvt Ltd.
There is no way in the world that you can talk about the best network companies in India without mentioning Vestige Marketing Pvt Ltd.
As of the time, I was writing this post Vestige Marketing Pvt Ltd was the largest direct-selling company in India with more than 3000 offline and online sales outlets throughout the country.
What do they sell you ask?
Vestige Marketing Pvt Ltd sells Ayusante, Mistral (of Milan), Truman, Skin Formula, Hyvest, Assure Natural, Agri82, Dew Garden, Enerva, Lite House, Vescare, Invigo, and Zeta brands.
Consider visiting their website to find working opportunities.
There is no denying that Oriflame is big in India.
As a matter of fact, it is one of the top 10 direct-selling companies of all time in India for its Swedish beauty and personal care products.
If you can’t start your own network marketing business as outlined above, then joining Oriflame VIP would be the best bet.
You can purchase products at a 10% to 20% discount from Oriflame and sell them to earn profits.
Since this is a business and the main objective of a business is to make profits, try to get discounts on the schemes.
Modicare is another top MLM company in India that provides salespeople, distributors, and other entrepreneurs with earning opportunities through network marketing.
Like the rest of the internet companies in India, it provides a wide range of products in both personal care, home care, wellness, and skincare.
Medicare incentive structure allows salespeople to earn up to 20% profit through direct selling and even more with group sales performance.
If you’d like to make money by selling groceries, cosmetics, and garments then RCM India is the network company to join in 2023.
Note that the minimum product purchase for the company is 200Rs and the minimum product repurchase is also set at 200Rs monthly.
Herbalife is another MLM company that’s known to have a strong foundation in the country.
And just like the other major players, it has pushed its weight to now have over 2.3 million distributors in over 95 nations
Its main products include: – protein bars, teas, vitamin supplements, and sports beverages, energy drinks, etc.
It also has products on weight management, digestive health, cardiovascular health, children’s health, women’s health, fitness, and immunity.
Just to imply how big the company is, Herbalife’s operating revenues in India grew to over 500 crores for the 2020 financial year.
6. Safe Shop.
Now to new things.
Safe Shop is one of the fairly new entrants in the Indian network marketing scene.
Some of the products offered by the company include: -essentials, fashion products, and personal care products.
Considering how MLM companies work and how they generate income, this could just be the best time to join Safe Shop.
You will definitely earn more income when the network begins to grow.
What should you consider before selecting a network marketing company in 2023?
In this post, we have only listed the best network companies in India.
But, what if you’re already working with these companies?
What if you want more MLM companies to work with? What should you look out for?
Consider checking the MLM company’s reputation and capitalization.
Before investing your money in any network company it is only proper that you do your due diligence.
Consider checking if the company you are about to start working with has a good reputation in the market.
What of their products, are they quality?
Look into all that. Capitalization and more.
Look for already established companies.
But remember, if you join a fairly new network company, you will make so much money soonest. Especially if your network can grow like wildfire.
2. Nature of products.
Before signing up with a network company, find out if the kind of products they are selling is a product you’d want to promote.
Consider the cost of joining via a vis the cost of products.
Will you break even? After selling how many products?
What’s the minimum order value? And what’s the minimum reorder value?
Find out all this stuff about the product before committing.
3. Market and competition.
Do some due diligence on market trends and competition before signing up with a company.
Find out if it would be easy to sell those products to who and after how long can your clients reorder.
Considering the market and competition before joining a network company will provide you with a rough idea of what to expect.
4. Incentive plan.
There is no doubt that the main objective of a business is to make money. And that of an employee is to be paid for his services.
If the company that you are planning to work with is established, talk to those employees, distributors, or salespeople.
Ask about their experience working with those companies.
Are they getting paid regularly? If yes, how much?
If possible, look at the income structure to figure out if it will favor you in any way.
5. Sales Skills.
And of course, you have to make a commitment to achieve with any MLM company.
Remember, you have to give to get.
Give your sales skills to get good networks and returns.
Are you still interested in network marketing?
Did this guide help?
Did you find an MLM company to join our list?
If your answer to all these questions is yes, then we wish you luck in starting your new venture in MLM.
If there is a no in any of your answers, tell us about it in the comment sections.
Until next time, bye-bye.