22 März 2014
Choosing a Network Marketing Company
Choosing a network marketing company can be a difficult task. There are Literally hundreds of network marketing business opportunities to decide from and you could spend hours, even months finding the best one. Many people who search for a network marketing business will not get past the first step as the amount of opportunities and misleading information presented on the Internet is confusing.
We support you to keep strong, go after your dreams and keep on your journey to finding a home business that is right for you. The optimum way to keep on-course is to read through this article and apply our simple six step process.
1. Where to start?
The Direct Selling Association (DSA) web site is a great place to start when choosing a network marketing company. The Direct Selling Association (DSA) is the national trade association of the leading firms that manufacture and distribute goods and services sold directly to consumers. In fact, you will find 70 different categories of products and services, and over 200 different companies you can potentially choose a home based business from. These categories contain everything from financial services to Animal Care industries.
This means you automatically have a list of 200 companies and 70 different products and services that you could potentially partner your self with. You are not just limited to this list either. There are many more companies in network marketing who are not members of the DSA and there is a good reason for this. So we strongly recommend that you choose a company who is a DSA member for your own good.
2. What do you love to do?
One of most significant criteria when choosing a home based business opportunity is; will you love it? The most successful people in the world become successful because they really love what they do. Donald Trump, for example - property investor, over 60 years of age and still working, not because he needs to but because he loves to, there is a major difference.
Imagine a MLM business where you can wake up in the morning feeling energised and thrilled to go to work. Most people that are searching for a home based business do not enjoy their current employment, under paid or would prefer to be at home with their family. Whatever the reason, you must love what you do.
3. Look for a trend
In addition to working out what you love to do, you must look into the service or product the company has to offer and in particular the opportunity it has to grow. If you do some study into this topic you will find that one of the driving forces behind many of the economic trends over the past 60 years was directly related to the baby boomer’s spending. Why you may ask? Well, the baby boomer period accounts for one third of the world’s population and two thirds of the world’s spending. Leading economic forecasters have used these trends to predict where the baby boomers will next spend their dollars, namely Health and Wellness, and Financial Service industries.
4. Compensation Plan
What you need to look for is a lucrative Compensation Plan that allows anybody to succeed and succeed equally, not just those who are at the top. Personally we are big advocators of the Binary System, not because it is the most lucrative of compensation plans, but rather because it is the fairest compensation plan. If you been in the industry for numerous years and you are a power house, which only accounts for 1% of the network marketing population, then the Stair Step Breakaway plan will be the most lucrative for you, but for the rest of us regular people, we suggest that you stick to the binary system.
5. Choose a solid company
If you are going to put all your blood, sweat and tears into a MLM business, you want to choose a company that is going to be around for the long term. Research suggests that 90% of all MLM companies FAIL within their first 2 years, slightly stronger than a traditional small business where 80% will fail within their first year. There would be nothing worse than putting four or five years into a home business for it to fold, leaving you with no business and no residual income. So we strongly recommend you choose a MLM company that has been around longer than 5 years and is still growing.
6. The Product
There is two criteria that your product must meet, (1) your product must be consumable and (2) would you use it yourself? If the product meets these two requirements then the MLM Company receives a tick in this section.
Once you have finished this six step process, you will observe that you will be able to abolish 99% of the MLM companies and make your decision quite easy. But always remember, even the best MLM deal in the world will not make you wealthy without consistent hard work. We wish you all the best in your journey.