Mary Kay is one of the world’s leading MLM companies in the cosmetic products genre. The company has a network marketing system where people join into the distributors’ network and continue selling products, at the same time providing commissions to those in their upline. Apart from using the products of Mary Kay, a lot of people are investing their time and effort into this home based business opportunity and also making their livelihood out of it. Mary Kay’s direct competitors are Arbonne and Neutrogena.
The company was launches in 1963 in Dallas, Texas in the suburb of Addison. The founder was Mary Kay Ash. Today, her son Richard Rogers is the CEO and the chairman of the company. The company went public in 1968 and in 1976 it began its trading over the stock exchange. There have been controversies time and again that Mary Kay is a pyramid scheme, but it has managed to deal with these allegations satisfactorily so far.
The products of Mary Kay are mostly from the cosmetic line. This includes various cleansers and moisturizers. There are also products for the care of the eyes and the lips. Mary Kay also has a line for anti aging products. One of the reasons of the success of Mary Kay is because its products are generally acceptable by all women of the world, which makes them buy the product and even become distributors for it. There is a possibility for anyone to earn up to $1,000 a month with a network of 50 to 100 distributors through the Mary Kay home based business opportunity.
The compensation plan of Mary Kay is the complicated stair step breakaway MLM compensation plans. Here, any distributor can work within the network, bringing more people into it, till he or she reaches a certain point. Once that level is reached, the distributor can break away from the network and start his or her enterprise. This will reduce the commissions to the sponsor because after breaking away, only a small percentage of the total volume of the distributor will be available as commissions to the sponsor. Now the sponsor will have to find new people to replace the distributor.
Hence, with Mary Kay, sponsors are constantly at an effort to find new distributors as people qualify and break away. This keeps the company running actually and is what has made it such a prominent entity.
Two things go in favor of the Mary Kay MLM business – a good product line and a good compensation plan. It is a reputed company and a bankable one for starting an MLM venture with.
- Devendra Patel
I like the layout of your blog and I’m going to do the same thing for mine. Do you have any tips? Please PM ME on yahoo @ AmandaLovesYou702 2 5 1
I had been extremely pleased to locate this web site.I needed to appreciation for a great read!! I definitely enjoying every little bit of it and I have you bookmarked to see new stuff you post.