It seems to me that the Network Marketing is heavily loaded with supplement based companies. These would include things like weight loss products, body-building supplements, and of course, the various nutritional supplements. When you remove these companies from the list it seems there are not that many left.
What list you ask? Well I don’t know of a truly comprehensive list but this one at MLM Consultant comes pretty close although I see a few dead ones in there so it can’t be 100% current. It says its edited quarterly, but I see SeaSilver on there which went out of business in 2005.
I wonder why the supplement industry is so heavily represented in MLM? I think the supplement market is huge and has been huge for a while. Along with “huge” comes lots of demand but also lots of competition. I have often thought the competition level in the supplement market was a bit too heavy and I think it’s showing some strain under the present economy.
In our present day economic conditions, you will want a network marketing company that offers a product and/or service that people will use in spite of economic conditions. This makes many of the supplement products somewhat questionable now. When people start cutting back on basics because they can’t afford to have anything but basics, they are not going to want to spend $50 on a supplement. I would suspect supplements are one of the first things to drop off the shopping list when times get tough.
If you are considering a network marketing home business, do you want to join this already crowded market?