Friday, August 22, 2014

Plexus Ranks #8 on Inc. Magazine's Top 5000 - What Does it Mean?

Breaking it down

From the Inc. Website
New York based Inc. magazine, a publication which has been in circulation since 1979, publishes a yearly ranking of the top 5000 fastest growing companies in the U.S. They also highlight the top 10% with what they call the "Inc. 500". In the ranking, each company's three year growth is measured. To qualify, companies must have an annual revenue of at least $2 million in the most recent year measured. Without that revenue measurement, the list would be suspect of having any reasonable meaning. However, with that measurement, the public is able to get a glimpse into what could be the nations future top businesses, and companies that might be worth seeking out when looking for a job.

Plexus' ranking at #8 on this list is quite substantial for the company. First, that position makes them the fastest growing network marketing company in the country. An article from April of this year in Direct Selling News said, "Plexus Worldwide may be the biggest company in the direct sales industry that you’ve never heard of. But Plexus executives don’t expect that to be the case for long." Now that Inc. has published their list, it would seem that the Plexus executives are correct.

The other important note in the ranking is that among the top 10, Plexus ranked #2 in revenue last year, with $159.9 million. Fuhu, a company that makes an Android tablet for kids ranked #1 in both revenue and sales growth amongst the top 10, with $195.6 million in revenue last year.

Accolade


Michelle Thomas, Emerald Ambassador for Plexus holding a copy the of
Success from Home magazine which featured Plexus, and in which
she is also pictured.
Plexus was also recently featured in Success from Home magazine which is circulated throughout the United States at Barnes and Noble bookstores. But the sudden rise in notoriety is only bested by their own explosive growth, with a clip of 16,458% over the last three years.

Plexus vital signs are incredible. Add to their explosive growth and sudden notoriety the fact that Plexus Worldwide is also a debt free company, and you have a meal that investors would salivate over, if Plexus were public.

But you won't find Plexus stock available on the market today. Plexus has chosen to remain a private company, which means the only way that you can get a piece of the action is to become one of their distributors. And Plexus has developed it's own way of dividing up the company profits. According to  Plexus International President, Alfred Petterson, their goal was "to do network marketing the way it could and should be done." This has proven to be very lucrative for many stay at home mom's, who tend to lean toward the weight loss focus of Plexus' marketing. But don't count the dad's out. Several of Plexus' top distributors are men, and Plexus product offering expands well beyond weight loss and into other areas of health and help with pain.

The overall picture looks very good for Plexus. Though they are still in the young, growing stages of their business, they are off to a nearly unrivaled start. This fact alone gives Plexus the upper hand in the battle for strength and longevity; a promising thought for any company.

No comments:

Post a Comment