Written by George Hancock Jr.Our goal, here at Best Company, is to provide you with honest, reliable information you need to find companies you can trust.
Anybody lucky enough to get in on a multilevel marketing business near the time of its founding has the potential to earn lots of money. A few founders have even become millionaires, such as the founders of the well-known Amway brand. The latest entrant into that elite club is Myron Wentz, who founded a dietary supplement MLM business called USANA Health Sciences.
USANA stock closed at $140.51 per share yesterday, after posting nearly $20 million in net income. That's a 20% improvement over the previous year. According to Forbes, a large portion of that success can be attributed to the company's popularity in China, where 46% of it's revenue was generated in the first quarter of the year.
Last month, USANA announced its expansion into Indonesia. PR Newswire says that country is the fifth fastest-growing economy in the world and is USANA's 20th market. David Wentz, Myron Wentz's son and the current CEO of USANA, said that the expansion is "another step towards my father's vision of making the world a place free of pain and suffering. That's what USANA is all about."
USANA is based in West Valley City, Utah, where it manufactures most of its health products. Nutritionals, diet and energy, and personal care are the product categories it markets and sells. Besides its multilevel marketing structure, USANA is promoted by establishing partnerships with sports organizing bodies and by the construction of USANA Amphitheater in West Valley City.
MLM isn't for everybody, but it may work for you. Want to learn more about multilevel marketing and some of the organizations you can be a part of? Have a look at our reviews.