How do you choose the right network marketing company to work with so you avoid a scam? Here are twelve critical success factors to consider when looking for a network marketing company to work with
1. Company Track Record.
Look for a company that will be there for the long term.
If the company is less than 5 years old, there is a 95% chance they will go out of business in the next 5 years. That is still at 70% until the company reaches the age of 10 years old.
2. Financially Sound
Completely debt free, with no long-term debt.
Look for a company where you are not a distributor for another manufacturer.
Look for a company that can and does finance their growth
3. Strong Management
Their management team is from a Fortune 500 background.
The management team that knows how to run a business.
4. Unique Consumable Products
Some companies sell one-time purchase items, so you are spending money you would not have otherwise spent. Look for a company that sells everyday household items that you are buying anyway.
5. Competitively Priced
The products should be competitively priced to comparative products, The products must be competitively priced so customers will continue to buy these products on a long-term basis.
6. Low Personal Production Requirements
Some companies require anywhere from $100-$300 per month, or more, in personal production. This means that you would either have to use that many products or sell it retail to friends and family.
7. High Reorder Rate
To choose a network marketing company wisely, verify that your customers will continue to order month after month, because it just makes sense to order directly from the manufacturer and save money,
8. Low Attrition Rate
Most companies have an 80% attrition rate, which means you are spending all of your time just replacing the people who are leaving your organization.
The industry average is an 82% attrition rate.
9. Low Initial Investment
Many companies require a huge buy-in to join, anywhere from $200 to $1,000's.
Look for a low and refundable minimal investment to become a preferred customer and a marketing executive.
10. Timing
How long has the company been in business? How many customers do they have documented? .
11. No Breakaways
In many companies, if the person you bring into the business passes you or achieves a certain level of success, they "break away" from your organization, so you are no longer earning commission on their sales.
12. No Risk
There is no risk at all
Educating yourself about these twelve critical success factors will help you make a wise choice when you choose a network marketing company.
Learn the 12 MLM success factors here http://tinyurl.com/2fq3p3
As promised, here are a few tried and true marketing tools
Advertising, particularly online advertising can be beneficial for gaining attention, if not leading directly to a sale. You can also consider buying ad space online with blogs or other websites that have a similar theme or subject matter as your book. Then all it takes is a click onto your website and a potential sale is made. Additionally, web advertisements can be much less expensive than print advertisements.
Publishing articles is a terrific way to gain credibility and attention for your book. Articles made available on free websites are an amazing way to drive traffic to your website. Posted articles are read by visitors, who then click to your website for more information. You can also query online and print publications with article ideas. You can write for businesses and organizations that share a similar subject matter. For example, if your book is about youth basketball coaching, then you could contact coaching associations to see if they're interested in including an article in their newsletter about dealing with difficult parents or motivating young players
Book signings are required whether you self-publish or publish via traditional means. The key to a book signing is to make it an event
Attend conferences and trade shows that might have a similar subject matter. Again, you will want to present your book and topic in the most exciting and interesting light possible to gain an opportunity to sell your book
Community events and organizations. Many community events and organizations are starving to get speakers. You can give anywhere from 20 minute to 90 minute talks on your book and business which will bring you many leads and a good amount of long term customers who will be very eager for your information
Press releases are a very inexpensive way to get the word out about your book. You can send your release to media contacts and post it on the web. This makes it available to resources all over the world to reprint
These are just a few of the marketing options available to you. When you have a website, the marketing options available to you are limitless. Jumping in and tackling all of these marketing tools at once can be both time consuming and overwhelming. Instead, focus on one or two at a time to make sure your time and efforts are rewarded with book sales, which is after all the ultimate goal.
Both Jon Roussel & Bob Burnham 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.
Jon Roussel has sinced written about articles on various topics from Basketball, Marketing Tool and Blog Traffic. Jon Roussel is a successful internet marketer in Beverly, MA He helps people succeed with a home based business that will generate a long term reliable leveraged residual income. Learn more at. Jon Roussel's top article generates over 12100 views. to your Favourites.
Bob Burnham has sinced written about articles on various topics from Writing, Writing and Marketing. For Your FREE MP3 (Value $97.00)How To Make A 6 Figure Income Writing & Publishing Your Own BookGo To: Bob Burnham. Bob Burnham's top article generates over 165000 views. to your Favourites.