Choosing A Network Marketing Company
When you are choosing a network marketing company, there are several key points to have in mind. You do not want to choose a company that will fail you in a very short time. Taking some time to really explore and find the right marketing company to work with can help prevent failure and help you to be more geared to succeed.
Choosing A Network Marketing Company – Control The Questions
Do not let someone else do all of the talking when you are looking at a specific company. You want to make sure that you are asking the questions that you may have. You should be able to get answers that satisfy you and this is something to look for. You should look for a company that has been around for at least 5 years. This will help to show a good track record.
Choosing A Network Marketing Company – Financial Strength
You also want a company that has some capital and consequently, a strong financial foundation. A good company will need to grow and change for the future. The company you want to work with should have the money to make these changes that are necessary for a strong future. You should never be afraid to ask for this personal information related to any marketing company.
Choosing A Network Marketing Company – Leadership
Who runs the company that you are considering? What is their background? Do they really understand network marketing or did they just see it as an opportunity to get their company on the map?
Choosing A Network Marketing Company – Product – High, Medium or Low Tier
Take a close look at the product that is offered. Is this a product that has a tremendous amount of competition? A new product can be very exciting, but also very risky. Finding a product to market to a mass audience can be a very delicate balance. It can be very hard to compete with a great deal of competition and this may be something that you want to try and avoid.
There should be a real need for the product or service offered. This will help to keep this product popular for a much longer time. A product that quickly fizzles out can be very frustrating. You should always look at the need for this product now and in the future to avoid any fad products.
In choosing a network marketing company take a look at high tier, medium tier and low tier products. An example of High tier or high ticket might be a global travel membership. Medium tier is usually $500 to $1,000 initial cost with monthly autoship of $100 to $150. An example might be silver and gold collectible coins. Low tier usually has an entry cost of $25 to $50 and includes every type of consumable product imaginable.
Pros of High/Top Tier:
– Earn income fast
– Earn good money before you build a large organization
Cons of High/Top Tier:
– Expensive to join
– Product or products may not be easy to sell due to price
– Little or no residual income
Pros of MLM:
– Real long term residual income
– Greater leverage
– Larger prospect base
– Can go autopilot when you reach a certain level
Cons of MLM:
– Takes time to build
– Slow start and many people drop out in the first 90 days
My view is that MLM medium and MLM low tier are completely different from the high tier business model and it is up to you which one suits you better.
Choosing A Network Marketing Company – The Compensation System
If you are looking for immediate income, you will want to find an affiliate to help you accomplish this goal. You will always want to try and calculate how long this affiliate will take you to make some money. There are some great affiliates out there that can help you to generate income faster compared to others.
Choosing a network marketing company does not have to be an overwhelming task. When you are armed with the right information you can easily find a great company that will fulfill many of the things you are looking for in a network marketing company.
WARNING: 97% Fail In Network Marketing…..
Or should I say that they quit, usually after 90 days of no results or limited results. They get sick and tired of bugging friends and family. They get tired of paying for the monthly product autoship and they are REALLY tired of not making money.
WHY does this happen? Let’s take a closer look and see what this has to do with choosing a network marketing company.
1. Emotions run high during the “hype” and the choice of the network opportunity is done without careful inspection of the items mentioned earlier in this article
2. No budget
3. No training and implementation system that provides step-by-step, easy to follow system that can be used by even the newest computer user.
The list can go on and on but I suggest you check out these detailed articles Is Network Marketing A Scam? The Answer May Surprise You and Overcoming Your First Year In Network Marketing
SOLUTION:
1. While you are choosing a network marketing company using the checklist presented earlier, establish a budget and find a system that you can follow and achieve financial success in a short period of time, like 30 days or less. A system that provides value to your prospect. A system that produces leads and sales to help fund your network marketing business. What attraction marketing system is best?
After months of work and countless hours getting sucked into all of the hype for the next “shiny object” someone is peddling, here is what I found.
1. Find a mentor. Someone who has achieved the success that you are looking for. Model them. Don’t waste your time on “busy work” but invest in marketing and marketing tools as suggested by your mentor. I found the following businesses to be the best path to develop online businesses while I was choosing a network marketing company:
Fund your efforts and feed your budget through:
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Choosing a network marketing company is a process that you need to do very carefully and be sure that you have an advertising, affiliate marketing and attraction marketing and training system in place to earn money quickly so you can fund your longer term network marketing team building and provide your team with a system they can use.
To Your Success,
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