This is not your sleazy MLM sales pitch. No, this is your information-packed, straightforward e-business. It reflects you and your interests.
What works for Cousin Jo may not work for you. The best network marketing company will reflect your product mix, your way of doing business, your life. Truly, once you believe in it, you'll be amazed how easy it is to promote it. Your toughest job is to find that company.
While the very best network marketing company may be different for each person, great companies have a good deal in common. As you search for your company, keep an eye out for these 7 qualities:
1. The company has a real product. A good product. Maybe even a great product. One you can sell and make money from. If they push you to "build your downline" more than sell the product, all they are selling is your downline. Get away. Fast. A company without a great product is skidding on very thin ice.
2. Agreements are easy to read and understand. If the agreement is written in legalese, or is printed so small that you can't read it, walk away. This company is trying to hide information from you.
3. There is someone you can contact at the company for questions. Since well over 90% of MLM-ers leave their programs, it is very possible that your sponsor will leave. If that happens, who do you turn to for advice? There should be a backup system in place.
4. If it is an MLM company, there are no more than three levels of payment: you, the person under you, and the person under them. Even that is a lot. You won't know who the third level people are, so make sure your primary income is coming from your own efforts, not those of others. When your commissions start getting lost in the labyrinth of 10 levels, it is gone. Absolutely gone. You will never see a dime.
5. You are not required to buy an outlandish amount of product. If you really like this product, odds are that you will want to buy some. But if the company requires you to purchase cartons of it each month, that is a real trouble sign.
6. The company has a way for you to easily check your commissions. The best network marketing company will give you a password protected online capability that you can check daily if you want to. It should show your sales, the customer's name and type of sale, as well as your actual commission. For your downline, you should be able to see only the totals. It would not be fair for you to see the names and emails of your downline's clients, just as it would not be fair for your sponsor to see information on your specific clients. But downline summaries should be there.
7. The company has a good reputation. Check the Better Business Bureau, both in the area where the company is physically located, and the online BBB. Also do a Google search on the company to see what comes up.
Oh, yes, one more thing. The best network marketing company will be computer savvy. For instance, it will provide a way for your clients to click directly from your website to the order form that they provide. Be wary if your visitors are asked to put in "ID numbers", etc. Your visitors won't remember those numbers, and your commission will be lost.
From there on, look for the network marketing company that suits your style. That's a very hard concept for most people to really accept. With all the "millionaire gurus" shouting in our ears, it is sometimes hard to hear the wee small voice inside that tells us to watch out.
It takes uncommon good sense to identify the best network marketing company. Use all the analytical and research skills that you've got. After all, this is your business. YOUR business. Do it right.
This article is about how to select the best network marketing opportunity for you. There are so many different types of business opportunities available to select from it can become overwhelming and time consuming. And sometimes making the wrong selection can COST YOU LOTS OF MONEY, instead of making money. At the end of the day you just want to find the best way to make more money selling quality products with a home based business that provides you with the freedom of being financially independent. Thousands of new mlm network marketing companies are started each year and only a fraction of them go on to be viable companies that truly help people make money. Let's take a look at some of the questions you should be asking about a network marketing company before you make any decisions and help you avoid any costly mistakes. Here are 7 things to consider when looking at an mlm opportunity:
1. How established is this company? Getting in at the proverbial ground floor can be great but you still have to get others to join in order to get paid. There are NO free rides. You want to make sure all of the processes are in place to track and manage things like orders and payments. If your company does not have a good back office foundation it can lead to many problems downstream.
2. Do they offer a quality product? I can't stress this one enough. You may be able to get people to buy something once but if it's not quality don't expect any repeat orders. Quality is what will allow you to consistently build your business month to month.
3. Do you believe in your product and company? This is another BIG one. The most successful people are passionate and driven about their business. This will come through in your marketing pitches. You can only fake it for so long. Pick a product and company you truly believe in. Don't take this decision lightly because it will have a huge impact on your success or failure.
4. How good is your up-line and support team? Unless you're an experienced network marketer with the knowledge of what it takes to build a large organization you will need to rely on your supporting team. You want to make sure they have a coordinated and consistent system available for you to plug-in to. Make sure they have weekly conference calls, webinars and training events that you can leverage as you build out your network.
5. Can you understand the compensation plan? If it takes a slide rule and a complex algorithm to understand the compensation plan then good luck trying to explain it to a potential prospect. Nothing sells better then a straight forward, no bs comp plan.
6. How will this mlm business or upline help you generate leads? You only have so many friends and family. Once you've exhausted that list you will be on your own to grow your business. You want to work with a company and team that is going to HELP YOU generate qualified mlm leads. Ideally they will help you identify people that are looking for a home based business as opposed to people just wanting to buy product. You want to find Leaders that are going to grow under you and help you make more money.
7. How much does it cost to join? Don't make the same mistakes I did and go out and join some expensive program without first getting your feet wet and experiencing whether or not this is something for you. I can't tell you how important it is to set a budget up front and stick to it. I would not spend any more than $500 to join any company or opportunity and make sure you don't have to take on any inventory yourself in order to sell their product.
So many people end up failing in this industry. Take the time to find a product and company you believe in that offers high quality at a competitive price. Make sure the company is reputable and established and has a compensation plan you can understand and explain to others. If you take the time to evaluate your business opportunity and develop a plan it will go a long ways towards contributing to your success of working from home.
Both Maryann Shank & Ray Forrest are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Maryann Shank has sinced written about articles on various topics from Network Marketing, Network Marketing and Business Plan. MaryAnn Shank, , has coached hundreds of entrepreneurs, reaching far into the internet to find solutions for many. She knows wel. Maryann Shank's top article generates over 60500 views. to your Favourites.