What are the most well-known MLM firms in Asia? The goal of this piece is to provide an answer to that question. Multilevel marketing has now become a popular concept in Asia in recent years. Opening operations in Asian nations has proven to be quite profitable for many former North American MLM companies. Because Asia is such a large continent, some governments are wary of allowing multilevel marketing organizations to operate within their borders. However, let’s take a look at the top MLM companies in Malaysia.
Mary Kay Cosmetics had $3.5 billion in revenue in 2016. There are 3.5 million distributors for the brand all over the world. Most of those marketers have recruited others and risen up the ranks because it is a multi-level marketing organization. About 39,000 women work as independent sales directors for the firm. Around 600 people hold the position of Independent National Sales Director, which is the highest position a person may have. Mary Kay has routinely been on Forbes’ top firms and employers rankings. It was ranked 341st on the list of top employers at the end of 2015. In the same year, it was ranked 107th on the list of the biggest employers.
Vorwerk, a German household products’ manufacturer, is ranked fourth, with sales of $4.20 billion (or $3.1 billion Euros) in 2016. Vorwerk has a limited distribution network, considering its billions in sales. According to the brand’s Facebook page, 649,075 employees worked as consultants in 2016. The number of professionals who work for one of the brand’s firms has consistently risen in recent years, according to the company’s annual report for 2016. In 2015, for instance, there were 625,496 consultants.
Herbalife is ranked third on the Global 100, with $4.5 billion in sales in 2016. According to Business for Home, the firm has a market worth of $6.44 billion, making it the largest direct selling company in the world. The ratio of the value of a company’s outstanding shares scaled by the value of its shares is its market capitalization. Herbalife said at the start of 2017 that it had outperformed expectations in the first quarter. During the first half of the year, net revenues exceeded $1 billion.
Another oldie is the second-largest network marketing firm. Avon has been around since the 1800s in some form or another. It made $5.7 billion in revenue in 2016. Despite the fact that this is a 7% decrease from the previous year, the firm is still ranked second on the Global 100 list. According to a corporate information sheet, Avon products are sold by over 6 million people in roughly 70 countries. According to CNBC, the number of “Avon Ladies” fell by 3% in the fourth quarter of 2016, but the firm has great ambitions to turn things around. It intends to begin utilizing technology, such as social media, in order to reach out to new clients and improve its image.
Amway was one of the original network marketing firms, having been founded in the 1950s. The firm was the first to bring the concept of multi-level marketing to the public. Despite its highs and lows over the years, along with a 12 percent dip in revenue in 2015, the firm remains the largest and most successful MLM enterprise in the world. Amway isn’t simply about making huge sales. It also has a huge distribution network. Although it has a substantial presence in the United States, it is not its sole market. It operates in more than a hundred countries. The US, China, Hong Kong, Russia, India, Malaysia, Taiwan, Thailand, South Korea, and Japan were its top ten markets in 2016.
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