The chance of a lifetime… Join now before it’s too late… You can get rich working part time…
We see and hear these and more everywhere. I am talking about network marketing, MLM… multilevel marketing.
It is a way to start your own home based business and yes, you can get rich working the business part time. But one important key word here is working. It takes diligence, persistence and a willingness to keep learning.
No matter the network marketing company you do join, if you follow those 3 traits, you will have a much better chance of succeeding.
Keep in mind that there are certain things in life that you must rush to do…
- Stomp on the brakes when a car pulls out in front of you.
- Put out a fire that has started.
- Or rush someone to the hospital who has been in an accident.
But when it comes to choosing a network marketing company, rushing into it is not wise. The smart entrepreneur does his/her research to ensure that the business is “right” for them.
Today, I am going to share 6 things you should look at when deciding on the network marketing company you will join. And even if you have a friend or family member trying to push you to join fast, just tell them you want to do some research and allow them to set up a presentation 2 or 3 days later. That will give you the time to see if the opportunity is worth pursuing.
Joining The Correct Network Marketing Company #1: Try The Products Or Services First
This is probably one of the most important tips I will give in this post. If you don’t like the product or service, why would you want to try to sell it to others?
In some cases, the person trying to recruit you will have samples or will be able to work a discounted price so you can try the products or services.
When you are a product of the products, it will show to others. They will be more apt to purchase or join your team knowing you use the products.
Joining The Correct Network Marketing Company #2: The Company Leadership
Before joining a network marketing company, you should research the complete leadership behind the company.
- Who founded the company and why?
- Learn about the CEO and other top management. Have they been involved in network marketing prior to this position? Are they trusted? What is their educational and career background?
- And your sponsor and upline, you should look at their background too. This will help you determine if they will be able to help you when you need it.
The leadership of any network marketing company should be transparent. It should not be difficult to see into their backgrounds.
If you do have problems finding information on the leadership of the company, I suggest you just contact them and ask. If they are not willing to provide you with the information you are seeking, do you think it would be a good network marketing company to affiliate with?
Joining The Correct Network Marketing Company #3: The Company Profile
You should absolutely research the company…
- How long have they been in business?
- What does their financial statements look like?
- Are they publicly listed or privately owned?
- Have they had any legal issues?
While there is nothing wrong with joining a brand new network marketing company, keep in mind that many fail within their first year of business.
The company financial statements can tell you a lot. Do they have a good supply of assets or are they just “squeaking by?”
While public and private should not be a huge importance, it is good to know. And being listed on the stock exchange does give a company some added respect.
And lastly, legal issues are quite important. Now it is possible they have had in the past but handled the situation properly. That does not make them a bad company. But wariness should come if the company is in the midst of a legal situation. You need to ask yourself, “Do I dare take a risk until I see the outcome?”
You should also look at the Better Business Bureau rating of the company and see if they are a member of the Direct Selling Association.
Before joining a network marketing company, you should know the company inside and out.
Joining The Correct Network Marketing Company #4: Analyze The Products Or Services
This is completely different than #1. Sure, you love the products or services, but now is the time to analyze them on a deeper scale.
Are they safe?
Do you get a good amount for the money you spend?
Does the pricing compete fairly with retail or other network marketing competitors?
What makes this product or service more valuable then the rest?
You want to know if you will have something to stand on when selling the products. If you can show that they are safe for children and animals, that is a strong selling point.
And while we know that pricing is important, equally important is getting a good quantity and high quality. Most people are willing to pay more to get more and better.
But if a person can buy essentially the same product at a retail store for 75% less, what do you think the chances are you will be able to sell?
Joining The Correct Network Marketing Company #5: The Compensation Plan
How will you be paid?
When will you be paid?
The compensation plan is ultra important and believe me, every representative will tell you their company’s compensation plan is the best. And the thing is, for them, it is the best. But would it be the best for you?
There are 4 primary compensation plans in the world of network marketing:
- The stair step breakaway
- The binary
- and the Unilevel
Most network marketing companies use one, or a combination of these plans. And the thing is, they all work!
You can make good money with any of these plans as long as the company is using them properly.
So you should look at the comp plan, bonuses, and incentives. All the ways you can make money with the company. In most cases, network marketing companies have developed a PDF of how their particular compensation plan works. Many have also created videos to explain the compensation plan.
I suggest you take a close look at each plan and the pros and cons to see if it would be right for you.
Joining The Correct Network Marketing Company #6: Support And Training
One of the key words in network marketing is duplication. The system should be simplified enough that the newest team member can duplicate what more experienced representatives are doing and have success doing so.
So what the company needs is an easy to understand training system. The elder member should have the ability to show the recruits how to follow the system to both recruit and sell.
Some questions to ask…
- Is the basic training free (it should be)?
- Does the company offer advanced training at a reasonable cost?
- Is there online training?
- Are upline members willing to help new recruits learn, grow and succeed?
- Does the company offer conventions and conferences so members can network and learn from each other?
These are just a few of the things you should look at in the area of support and training.
Keep in mind that network marketers have goals of recruiting and some will use hype and the “do it now” approach to get you to sign up and start your own home based business.
Is this wrong?
Not really as long as they are not telling falsehoods. Keep in mind that they are on a mission to recruit. So it is up to you to research these 6 areas before joining their opportunity.
I know if you follow the tips, tricks and strategies I outlined for you, success is within your reach. Just reach out and grab it.
If you have any questions, just ask and I will get an answer to you.
Thanks and be sure to share this with others.