There are a lot of variables you should consider before you join a home business opportunity. Personally, I would recommend a company that has a very good track record of stability and achievement. Regardless of the company, you also want to have good support surrounding you with the right marketing system that fits your personality. Here are 4 important questions you should ask yourself before you become a member in any network marketing company.
What Is the Marketing System?
Historically, network marketing companies would teach it's distributors to have home business meetings, bring prospects to hotel meetings, or treat them to a business presentation over lunch. Recently home business companies have been providing new training and tools to teach their distributors how to build their business on the internet. Companies that teach these strategies are going to be more successful long term . I believe the single most important factor for any serious network marketing professional is having the proper network marketing system.
Who are the Founders?
It's also important to research who the founders of the companies are by a simple Google search. Although you can't believe everything that you read on the internet, you will actually see what your potential prospects will be seeing. Some founders have had a history of lawsuits while others have a ton of success and are very charitable. I believe it's very important to research the founders of any company that you are seriously considering joining.
What Type of Compensation Plan?
Each company has their own compensation plan. There are binary compensation plans, matrix compensation plans, uni-level compensation plans, etc. All companies will have unique requirements to tap into all of the money. It's important to do due diligence and understand the different variables of the compensation plan for a home business that you are considering. Some companies have coded bonuses, matching bonuses, or legs that have to balance to get paid the residual income.
What is the Product or Service?
I really believe that MLM companies have the most superior products available on the planet. Of course you cannot do them all but here's a little advice to help you find one or more that will be a good fit for you. There are less than 12 companies that have reached the billion dollar in sales achievement. They range from financial planning, make-up, cookware, health and wellness, and even an aloe vera based company. Again, out of tens of thousands of network marketing companies that have started it's important to know that less than a dozen have actually achieved billion dollar status. With this in mind, there are companies today that are on track to achieve this rank as well. So you can take the safe route and join a company that is already there or take a chance on a newer company that's climbing up the ranks.
Good luck to you in your journey for a network marketing business. There are several excellent network marketing companies, I hope this post helps you in your selection. Learn more about MLM Mentor James Wehner at http://www.JamesWehnerBlog.com
What Is the Marketing System?
Historically, network marketing companies would teach it's distributors to have home business meetings, bring prospects to hotel meetings, or treat them to a business presentation over lunch. Recently home business companies have been providing new training and tools to teach their distributors how to build their business on the internet. Companies that teach these strategies are going to be more successful long term . I believe the single most important factor for any serious network marketing professional is having the proper network marketing system.
Who are the Founders?
It's also important to research who the founders of the companies are by a simple Google search. Although you can't believe everything that you read on the internet, you will actually see what your potential prospects will be seeing. Some founders have had a history of lawsuits while others have a ton of success and are very charitable. I believe it's very important to research the founders of any company that you are seriously considering joining.
What Type of Compensation Plan?
Each company has their own compensation plan. There are binary compensation plans, matrix compensation plans, uni-level compensation plans, etc. All companies will have unique requirements to tap into all of the money. It's important to do due diligence and understand the different variables of the compensation plan for a home business that you are considering. Some companies have coded bonuses, matching bonuses, or legs that have to balance to get paid the residual income.
What is the Product or Service?
I really believe that MLM companies have the most superior products available on the planet. Of course you cannot do them all but here's a little advice to help you find one or more that will be a good fit for you. There are less than 12 companies that have reached the billion dollar in sales achievement. They range from financial planning, make-up, cookware, health and wellness, and even an aloe vera based company. Again, out of tens of thousands of network marketing companies that have started it's important to know that less than a dozen have actually achieved billion dollar status. With this in mind, there are companies today that are on track to achieve this rank as well. So you can take the safe route and join a company that is already there or take a chance on a newer company that's climbing up the ranks.
Good luck to you in your journey for a network marketing business. There are several excellent network marketing companies, I hope this post helps you in your selection. Learn more about MLM Mentor James Wehner at http://www.JamesWehnerBlog.com
About the Author:
Network Marketing Mentor and Internet Marketing Strategist James Wehner shares FREE strategies and guru marketing secrets here http://www.WorkWithJamesWehner.com and see my video that reveals the exact marketing blueprint of the top 3% of income earners at http://www.MLMonlinemagic.com
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