You're setting across the table from a prospect. You show them your company's presentation as you have shown others dozens of times before. And then they tell you, "my neighbor showed me this two weeks ago". You think to yourself, "If only I had gotten into my company during the early days, before everyone's neighbor was in."
They call it a MLM ground floor opportunity, a network marketing start-up. It is the opportunity to get in with the first distributors of the company. They are called the early adopters. They hear about it and have the ability to think quickly and move quickly to position themselves.
You hear the story of the one of those who got in early. You want to be one of those stories. For many the start-up position seems enviable. In an ocean of possible companies, it is the one that has grown to a position of preeminence in your mind.
In that ocean of possibilities, the start-up MLM may be a ship that it is best not-to-board because it is doomed to sink. How would you know? Consider the following:
What is the vision of the founders?
A company is only as good as its vision. Get to know what you can about the true vision. Not just the vision statement but listen to the founders speak and ask yourself, "Does what they are saying match with the vision statement of the company?"
What is the experience of the founders?
Have they been successful in networking marketing? But, that is not all. Have them been successful in leading a network marketing company? You want to associate with people who have good business sense and experience.
What is the compensation plan?
Unless you are looking for another hobby, you want a compensation plan that is worth your effort. You want one that pays out something early on so that people you sponsor see early progress. You want a compensation plan where there is no breakage. That is, all earned money stays with the distributors and does not roll-up to the company when no one qualifies for it.
What are the products?
Do they have broad or niche appeal? Are you excited by them? You want products that are consumable, so that you can get repeat sales from the same customers. You want products that are unique in their ingredients or value.
What is the trend?
Are the products positioned in an up-trend? Products that appeal to retiring baby boomers are going to be a major up-trend. An example is health products that offer anti-aging factors. Eco-friendly products are a huge trend. Nutritional products from the ocean or tropical rainforests are the beginning of an enormous trend. The public is paying more and more attention to how and where products are grown.
Does it have an expandable product line?
Product lines built on a single ingredient, juice, or extract, may go through the rise, expand, contract, & decline cycle much more quickly than products with a broad range of components. Look for a company that can adjust to changing market conditions with new product lines.
Is the company synergistic with internet business?
Can you market, transact business, and train people on the internet? Companies and products rise to prominence today faster than they ever have. If you want to reach a generation of young ambitious marketers, you need to be prepared to have your content, commerce, and community online.
Does the company offer international opportunities?
While you may not personally sponsor people internationally, those you sponsor may want to sponsor them. The most successful network marketing or MLM companies go international. The emerging markets are international in places like India, China, and the Latin American region. What about Singapore, the UK, Canada, or Australia and New Zealand?
Does the company offer good overall OGI?
OGI stands for Opportunity & Growth versus the Investment. There will be an investment of time and resources in a ground floor MLM opportunity. You want to make sure that the opportunity offers you and those you sponsor sufficient financial rewards. You want to make sure that it offers you professional growth to help you stay on the cutting edge of the direct sales industry. Why not sit down and do an OGI analysis?
When you examine a new opportunity or even an existing one, make sure you can get past the barriers. Many people today blame network marketing, or themselves for a perceived failure when they tried it once. That may not be accurate. Barriers may have been the reason.
Want To Join Army
Are you considering a part-time or even a full time home business in network marketing? Then the following tips will be helpful for you to consider when choosing a good company.
Stability is the first and utmost factor to consider when selecting a network marketing company. It is best to select a company that has been operating an honest and good business for at least 3 to 7 years. Although the new companies can be interesting and have innovative products, the established ones have more to offer with regards to stability and proven products. Actually, you will have a better chance of success with companies that have been around for quite some time.
Once you have started building a network marketing career, there are enough things to be concerned about, such as advertising and sponsoring affiliates, instead of whether or not the company is stable enough to be around in the future. If you are starting a business in this field, you must realize that there are no guarantees. However, you will have more chances to be successful with a company that has a longer track record.
Secondly, the leadership within the company is worthwhile to consider. You should take into account the company structure, their track record, and other internal factors. You can call or email the company to obtain these information as it is important in order for you to decide to join them. A few of the most desired characteristics in the company leaders are savvy, honesty, and integrity in all areas of the network marketing business world.
Thirdly, it is advisable to examine the product or service being offered by the company. Find out if there is a genuine emphasis on promotion of the product and not just the opportunity. The products that are promoted by the company should be competitively priced, unique and offer value to the market.
Next, consider the methods available to get started in the company . Are there online procedures available, or do they only have offline applications in an office? Signing up online is more efficient, and makes the business available worldwide . Some companies have the option to join free and this will open up the opportunity to even more prospects. This will allow prospects to try out the business and get familiarized with the company procedures, products and its marketing strategies.
Lastly, find out if the company provides any automation tools as this will definitely boost the efficiency of the business. It will be very useful if the company provides a website that prospects can be referred to and be opted-in. Prospects should be able to contact you from that website, and receive follow up emails automatically from the company's auto-responders.
As you can see, there are a few factors to be considered to see if the company is a good one. You have to make your research to find the proven, legitimate and effective companies. The effort which you put in will enable you to have a long-lasting home business in the network marketing industry.
Both Rick Hubbard & Kamsani Mohd 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.
Rick Hubbard has sinced written about articles on various topics from Entrepreneurship, Network Marketing and Multi Level Marketing. Rick Hubbard - B.A.Communication and Organizational Leadership; M.A. in Educational Technology He is a media specialist at a university and consults in communication and e-learning.He enjoys helping people successfully market their internet businesses.He. Rick Hubbard's top article generates over 3600 views. to your Favourites.
Kamsani Mohd has sinced written about articles on various topics from Affiliate Programs, Work From Home and The Internet. Kamsani is a network marketeer and enjoys helping people to achieve financial freedom. To download free ebooks on internet marketing and find the best home based business ideas and opportunities so you can work at home, visit:. Kamsani Mohd's top article generates over 4400 views. to your Favourites.
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