Top 10 Ways to Choose a Great Network Marketing Company
There are a few network marketing opportunities that are just
scams. There are far more that may be well-intentioned, but
have a poor track record, for any number of reasons. There
are many people who have joined network marketing companies
which the hope to be wealthier than their wildest dreams,
but dreams were all they were. So how do you find the needle
in the haystack? We have put together the "Top 10 Ways
To Choose A Great Network Marketing Company" to help
you make the right decision that's right for you!
1. How long has the Network Marketing company been in business
A business that has been around for over 5 years should be
an important criteria if you want increased stability and
lower risk. It's important to choose a company that has been
around for a long time because they will have the experience,
systems, tools, know-how, and track record.
2. How well is the company funded/capitalized?
Does the company have a large reserve fund or reserved cash
to grow, expand, promote, change systems, and keep up with
technology? It would be wise to choose a publicly traded company
because they are required to be transparent and must disclose
all their financial statements in detail every 90 days to
the IRS. It would be more difficult to get financial information
on public companies and they are usually non-transparent!
3. Does the company have a "Unique Selling Proposition"
One of the keys to marketing success is to have a USP! It's
important to have products or services that are unique from
competitors. What are the advantages of the companies products
or services over their competitors? Does the company have
that edge? A USP will ensure that the company always remains
on top of it's competitors as well has justify the increase
in price for the product or service (which means higher commissions
4. Is there a high demand for the product or service?
This world works on supply and demand. More supply will mean
less demand and less supply will mean more demand. Also, it's
important that there is a genuine need for the product or
service. There have been many horror stories of people who
joined network marketing companies with their basements filled
with the companies junk (inventory) which no one wanted or
needed! The product or service must have REAL need at a fair
5. Is the product or service a trend or fad?
It's important to choose a company that has a product or service
that will be in high demand for the long haul! If the company
was selling beany babies, you wouldn't have lasted until today!
Think long term and ask yourself if people will still need
your product or service 20 to 50 years from today.
6. How long will it take to start actually making money?
It's important that you understand the companies system and
know the timeframe for which the average person starts earning
commissions. If you want to join a financial company that
requires you to get a license before start earning commissions
you may want to take that into consideration. I know of people
who didn't start earning income for over a year after they
started working in network marketing companies.
7. How good is the system and technology of the company?
In any business the system is the key to success. Without
a great system, there will be no enduring success or profit.
If you go into any McDonalds they have a system that is run
the same all throughout the world. Because everyone doesn't
have sales abilities it would be important for people who
are not good at selling to either have a very good upline
or a system and tols that do the selling for you!
8. Is the person who introduced you to the company a great
leader and committed to serving you?
Another important factor to your success in the company is
the person who introduced you to the company. It's important
to follow a successful leader and the sponsor which be there
to serve and help you as much as possible.
9. How much time is required to become successful in the
Time is a very important asset ALL of us are running out of.
How much time will be required to become successful in the
company? Does the company have internal systems that are efficient
and save a lot of time to make it easy for you to run a successful
business? There are companies that only require a few hours
a week while others may require you to be full time! Understand
what the requirements are!
10. Do What You Love?
There is no better feeling than making money doing what you
love! Many people have jobs and hate their work, so you should
choose a company that has a philosophy that you love and enjoy.
Their products, people and leaders should be a pleasure to
work with which will optimize your chances for success. This
will also make you a lot happier in general! Ask yourself
how much FUN you'll have?
Network Marketing companies are not for everyone, however,
most of these companies have EXCELLENT training programmes
and teach great "Principles". We would highly recommend
that you appreciate not only the money you make from these
companies, but what you LEARN as well. Finally, the definition
of insanity is "Doing the same thing over and over again,
expecting different results". If it's not working, change
your approach or the company! There are MANY ways to earn
income in this world as long as you keep an open mind and
believe you can achieve!