Questions to ask yourself before deciding if MLM/Network Marketing is right for you and when choosing which company……
You probably have an image firmly set in your mind of what network marketing (also known as direct sales or multilevel marketing) is all about…housewives sitting on Facebook all day selling lipstick or similar for something to do or a high pressure sales type person trying to convince you how easy it is to become a millionaire if you can manage to sell a million tubes of zit cream by getting your friends and your friends friends to sell by any means possible!
Both of these images couldn’t be further from the reality of network marketing. It’s neither a hobby nor a get-rich-scheme but an opportunity for you to earn money running your own part- or full-time business.
But what does it take to succeed in this industry? These are the important things to look at when selecting a MLM/Network Marketing business opportunity.
There are six key things that anyone considering an opportunity should be looking for…
Number one: Does the company have excellent products or services that consumers will use and need more of? and do those products comply with all the regulations of the market you are operating in?.
Number two:How stable is the company? How old is the company? Is the company financially secure?…A company does not have to be well established..however you do need to understand the level of risk involved in the company and make sure the risk is worth the reward….
Number three is the marketing/pay plan..how fair and generous is the distribution? And how clearly is it explained?This is really crucial as the pay plan represents exactly how you’ll get paid…or not get paid.
Number four is the integrity of the company and the management. As much as possible, research the company, the products and the experience of the CEO, their experience in the network marketing industry, and their background. Have they been successful in other companies in the industry? Do they have a good reputation?
Number five is momentum and timing. Look at where the company’s at, what’s going on with the company, and if it’s growing.
Number six is support and training . You may have selected a great company with excellent management, products that make a difference, a marketing plan that’s fair and very generous, and momentum and stability, but if you don’t have a system in place that works, all of that doesn’t matter.
Practice what your mentor teaches.To succeed,you need to be willing to listen and learn from them and you need to duplicate what they teach you.How supportive are they? Do they call you? Do they help you put a plan in place? Are they as committed to your success as they are to theirs?
When using the Internet to market remember that inevitably the ones who end up with no friends and a bad reputation are those that use it to spam.Just DO NOT DO IT, when using the internet as a marketing tool. It is the fasted way to get a bad reputation both for yourself and to the company you’re with.
Don’t quit your day job…yet. Never leave your full-time position unless you’re absolutely certain that the income that’s coming in with this company is going to be there long term.