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Multi-level marketing (MLM), also called network marketing [1] or pyramid selling, [2] [3] [4] is a controversial [4] and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or ...
Amway Corp. (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. [2] [3] [4] The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. [5] Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. [1]
Beautycounter (dissolved in 2024); Betterware (placed into administration in 2018) [23]; Black Oxygen Organics (shut down in November 2021) [24]; BurnLounge (shut down as pyramid scheme by FTC in 2012)
Forever Living Products is a multi-level marketing company which was founded in 1978 in Tempe, Arizona by Rex Maughan. [1] The company has reported a network of 9.3 million distributors and revenue of $4 billion in 2021, and in 2006 they reported having 4,100 employees. [2] [3]
ASEA is based on technology developed and patented by Medical Discoveries, Inc, a publicly traded company (MLSC). [citation needed] MDI went up for sale in 2007, and board member Verdis Norton secured investment to purchase the technology. Under the company name of ASEA, they began selling the product in 2009 with an official launch in 2010.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. [3] The company manufactures most of its nutritional products, dietary supplements, and skincare products at a West Valley City facility. Its ...
Meditech South Africa, founded in 1982, provides software and services to the healthcare industry in Africa and the Middle East. [15] On June 6, 2012, Meditech announced its partnership with Intelligent Medical Objects to provide mapping of clinician-friendly diagnosis and procedure terminologies to billing codes and medical concepts.
Fortune Hi-Tech Marketing (FHTM) was a Lexington, Kentucky based company which used multi-level marketing to sell consumer goods and services. The company was founded in January 2001. In January 2013, the Federal Trade Commission (FTC) and regulators for three states shut down FHTM for being a pyramid scheme. [1]