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Thursday, August 20, 2009

MLM Companies That Do $100 Million Or More In Revenues

I just checked out a very interesting article posted to Direct Selling News. This article highlights MLM Companies that do at least $100 million dollars in revenue.

The top 2 companies are of course the mighty Avon with its 5.8 million representatives and of course, Alticor Inc, which is the parent company for Amway Global.

65 companies made the list. However, what I found interesting were two things. #1) Some of the companies that made the list that I never even heard of and #2) Some of the companies that didn't make the list.

For example, the #3 company on the list is Vorwerk & Co KG, with annual revenues of 3.4 billion dollars. I have never even heard of this company, yet they are the 3rd highest revenue grossing company in the network marketing industry!

I was shocked to see that Ambit made the list. These guys are only in 3 states and yet they are doing more in revenue than a LOT of MLM companies that are in multiple countries! $197 million in revenues in less than 3 years is VERY impressive!

Now of course, revenue alone doesn't mean anything. A more important indicator of the company strength is profits. In other words, after the company pays all of its bills, including the commission checks of the distributors, pays it taxes and so on, how much money does the company have left?

Some of the companies on this list are actually LOSING millions of dollars a year when you look at their profit numbers. However, many of the companies on this list are generating millions of dollars in profits even after all their bills are paid, which is a good thing.

Some distributors will have you believe that the company profits is not important, which is silly. If your company isn't making any money, how in the world do you expect them to be able to continue to pay you? It's just like a person who lives on credit cards. Eventually, everything is going to collapse.

I was shocked that Ameriplan didn't make the list. I also thought that if Ambit made the list, surely some of the other start-ups like Send Out Cards and Worldventures would have made the list as well. Apparently, they did not. Now it doesn't mean that those companies don't make $100 million. The authors of the articles clearly admit that the list is not complete. I just thought for sure that those companies were $100 million dollar companies.

Anyway, here is the list of the $100 Million Club - MLM Companies that do $100 Million or more in revenue. Check it out and see if your company made the list!

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