4 Different Types of Network Marketing Companies: Understanding the Difference Will Help You Win!

4 Different Types of Network Marketing Companies: Understanding the Difference Will Help You Win!

ChoosingMLM 4 Different Types of Network Marketing Companies: Understanding the Difference Will Help You Win!Network Marketing is an extremely profitable multi billion dollar industry that has become a common alternative source of income for people who are suffering during these tough economic times. Chances are you are considering joining an MLM company and if that’s you, you may be wondering how to find the best network marketing company for your individual needs. Before you can determine this, you must understand the various types of network marketing companies and how they function. Understanding the difference will help you make an educated decision on which type is right for you. By choosing the right MLM wisely from the start, you will save yourself from partnering with the wrong multi level marketing companies, which will surely help you win in MLM long term.


Here is an overview of the 4 types of network marketing companies and what they offer to potential associates…
Type 1: Health & Wellness

Of all the types of network marketing companies the most common you’ll encounter are health and wellness companies. This niche is very popular due to the fact that baby boomers (who control 35% of the world’s wealth) are becoming very health conscious as they age. They want to feel great and live longer, therefore health and wellness products are a stable backbone for any MLM.

Health & wellness products are highly consumable and appeal to a large spectrum of people. They are sometimes called ‘nutraceuticals’ due to the ingredient’s ability to prevent certain diseases.

These products are used to improve various body functions, boost immunity, enhance natural levels of energy, and speed up weight loss while increasing muscle mass.

Autoship is a key component in this niche. If you want a large residual income in this niche, you must have a ton of people on autoship.
Type 2: Cosmetics and Personal Care

Following the Health and Wellness trend is cosmetics and personal care. This is easily the most popular and profitable category you’ll find, as is evidenced by the following statistics (taken from http://www.directsellingnews.com/index.php/site/comments/dsn_global_100_1_50/) that show that 9 out of the top 10 revenue producing companies are in skin care/cosmetics:

Avon Products, Inc. 2010 Revenue: $10.9 billion
Amway 2010 Revenue: $9.2 billion
Natura Cosmeticos SA 2010 Revenue: $3 billion
Vorwerk & Co. KG 2010 Revenue: $2.9 billion
Herbalife Ltd. 2010 Revenue: $2.7 billion
Mary Kay Inc. 2010 Revenue: $2.5 billion
Tupperware Brands Corp. 2010 Revenue: $2.3 billion ***Only company that doesn’t offer cosmetics***
Oriflame Cosmetics S.A. 2010 Revenue: $2.2 billion
Forever Living Products 2010 Revenue: $1.7 billion
Nu Skin Enterprises, Inc. 2010 Revenue: $1.5 billion

This mlm niche is also heavily focused on autoships and moving a ton of product. The products are not supplements, they are usually topical products aimed to improve youthfulness and beauty.

This category of products focus on image, that is, how to help you look your very best.

These beauty/cosmetic network marketing companies offer a ton of tools and training for their products. Usually, these products are promoted through home parties, demos, and business opportunity meetings.

With so many companies in this niche to choose from, how do you choose the right one for you? Simple… I’ve already done the research for you! Here’s my choice for the best network marketing company in the beauty niche…

Seacret
Type 3: Internet Marketing-Based Companies

Since the advent of the Internet, more and more people are becoming increasingly more interested in profiting off of the internet. Along with this interest, network marketers are becoming more savvy at marketing online to grow their businesses.

As we get more comfortable with buying online, a new category of Network Marketing companies has emerged.

Here are the two most common types of internet network marketing companies you’ll encounter:
1. E-Commerce

These are mlm companies that generate sales online. They can sell anything from vitamins, to books, to informational products… or anything really.

One of the most profitable of these are companies that sell informational products. The cost to create info products is very little, and since these products can be delivered in a download format, there is no overhead from shipping, packaging or materials.

E-commerce mlms don’t pay to ship items to the customers. It can instantly be downloaded which makes the customer happy since they don’t have to wait for the mail to get their product.

Other types of downloadable products include CDs, DVDs, instruction guides and manuals, which these companies also provide as well.
2. Internet Service Companies

There are also mlm companies that selling various internet services. The focus of these companies are internet tools such as web hosting, web design, autoresponders and direct marketing systems.

The market for this type of network marketing company is virtually infinite since millions of traditional businesses are now seeing the internet as the most powerful marketing and promotional tool in existence.
Type 4: Party Planners

Another popular category of network marketing companies is the party planning niche. This niche attracts people who really like staying home and throwing parties for a side income.

This type of mlm company generally requires a low investment to obtain products for home demonstrations. This is one of the most ‘family friendly’ type of network marketing company and is a simple way to generate extra part-time income. By joining a party planning mlm, people can enjoy flexible hours and fun home parties with all their friends, family and neighbors.

There are many more types of network marketing companies that I didn’t cover here but these are definitely the most common. As you continue to research to find the best network marketing company for you, be sure to commit to one that is in alignment with your passions and core principles. There’s so much to gain in this industry that when you find the proper company for you, you will only win by joining!

Yours in Success,

Garry Regier

P.S. If you still are having trouble finding the best network marketing company, let me know. I am looking to lock arms with 3-5 self-motivated self-starters and help them generate a 5-figure monthly passive income in 12-18 months with a massive legacy company…

http://garryregier.net/network-marketing-companies/