People often want to know what a good MLM consist of and how to pic out a good company vs a not so good one!
This is probably one of the most debated things in mlm everyone out there says that there company is the best or that it has the best comp plan or something along that line. Well i ask you this if everyone is saying there company is the best or there company is the the best how can you decide what one is right for you?
Ill give you a few guides that you can use when picking a mlm that are simple and easy to use!
#1 thing to look at- the products it seams so simple but the products a company offers has a lot to do with the success of the company and have a direct effect on you as a rep or distributor or what ever you title is. So take a close look at the products your offering would you use them, how many other people do you know would use them, what is the over all market of your products and what is the size of the industry, and what is the composition in that market?
#2 Leaders- this is also a huge thing when considering a company look at the founder or founders what kind of credentials do they have? Dose your company have a main office, this is also big deal it give people a tangible when looking at a company. Look at every really big company out there they all have offices or headquarters.
# 3 The stage of growth of the company, Ever company go's threw 4 stages of growth Formulation,Concentration,Momentum, and Stability! Formulation is the most risky to join this 98% of all network marketing company fail in this stage, how ever there is also a huge potential to make money in this stage as well. Concentration any company in concentration has made 50 million in sales in a given year, this is also a great time to make money because not many people know about the company and unlike formulation the risk is a lot less 90% of company that are in formulation make it to stability! Momentum this is where the money is really made, how ever if you get in a company that is already in momentum the gains will not always be as good as if you became a part in the 2 stages before this stage. Last but not least Stability Its is a company that has been around and has made a name for them self I.E. Amway, Mary Kay, So forth this is the least amount of risk when you join a company in this stage but there is much less opportunity to make more, because everyone has herd of the company and most people have ether found a distributor to buy products from or have been in the company.
#4 Comp Plan! Here is where the rubber meets the road! There are so many comp plans I don't even want to was you time by going over them all, Just know this you want a comp plan with no retractions, you see some comp plans only pay out so much or go so deep or wide before you a punished for growing it to big so make sure you understand what your comp plan entails is there a restriction on how much you can make, what kind of bonus's are there I.E. Car bonus, house bonus, bonus for building a team and so forth!
#5 the tip of tools the company offers you, I.E. websites, Lead generation, training calls and so forth!
To see a company i fee meet all the criteria i put forth! "MY RECOMMENDATION"
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Good post, Arlen. I would disagree with you on the order of importance but you're spot on with each point. My screening process starts with "looking at the books". I won't partner with any company that won't give me their financial track record. It does no good to build a six-figure income with a company that is about to go under. Take care, Kevin
ReplyDeleteVery nice post, Arlen.
ReplyDeleteGood post with clear content, Arlen. I agree with your points made
ReplyDeleteGood stuff Arlen.
ReplyDeleteDefinitely all things you listed should be considered when joining a company.
ReplyDelete~ Linda Dougherty ~