Today I was looking at a new video posted by one of internet network marketing’s big fish. As always I like to read some of the comments below to see peoples responses.
The participant exclaimed “how do you find a good company to join in the MLM business? There are so many, how do you choose?” I got to thinking wow that is one very fundamental question that every home business entrepreneur must come to grips with.
Perhaps you have thought this before as well. Many join a business very hastily, wooed by the lure of big money and then later the buyer remorse sets in.
The question should be asked and answered then… Does it matter? Does it really matter who you join? The obvious answer is of course yes. But why is that, and what factors determine a good choice?
You see not too long ago during a conference call of one of Network Marketing’s great leaders, Mr Mark Yarnell. He made a statement that goes something like this… “if you were to drop me off into any small town in America with a starter kit from any Network Marketing company, I could build a 100k/month income in a year.”
That is without a doubt a very confident statement about his abilities. But what stuck out to me is the part “any Network Marketing company”. He even mentioned the older companies like Amway.
So then let’s examine a few things to consider when selecting a home business to join and promote.
First it has to be something that you can be passionate about. If you can’t be excited and passionate about your business then your dead in the water. Everyone you talk to will see right through you, ending in failure.
Now this is something that for many is not really too big of an issue. After all if you sign up at the first presentation it was all emotion wasn’t it. You got excited about the product or the company and “BANG” you were in business.
The second thing to consider is the company. Are they solvent? Are they owned or run by a team that knows what they are doing. Not just in the product but in the industry of Network Marketing. Anyone can start a company, even an MLM company.
A few thousand dollars worth of software a great idea and you are the “next great launch”. So a team with experience and credibility is essential. It’s critical that the company vision is firmly rooted in Network Marketing.
Otherwise you could go to all the work of building a profitable business and then the company changes their business model to a “brick and mortar” style and you’re out, income zero! (this actually happened to one of my personal mentors)
The next critical thing to consider also steps back a little. You see we are in Network Marketing. All marketing or sales (oops I said it, the “s” word) is dependent on two things, supply and demand.
The law of supply and demand is basically this. You must have demand for your product or service or you won’t sell it, no matter how good it is. (remember the Edsel?) If you swing the pendulum the other way and you have all the demand in the world but you also have all the product and choice you want, then it will drive the prices down and the profits with it.
This has some implications for the Direct Sales industry including MLM. A product that is sold by the Network Marketing model must have a substantial profit margin in it to be able to pay out all the commissions needed to build a large sales force.
This is why you see so many Network Marketing companies in the health and wellness sector. (large profit margins with a consumable and perishable product)
So then factor that into the equation, it’s not too hard to see why the great majority of MLM’s choose this area to focus on. Plus talk about demand. Some figures estimate about $200 billion. Sounds like a no brainer doesn’t it.
Let’s follow this a little… great little company “X” researches and markets a new super juice. Business is great and sales are increasing. As attention grows on this new idea, now the vultures are circling!
manqian
zonduurzaam
etnwt63
resatravel
tosohbioscience
daveworks
sfarts
ingent
homenewshere
milandes
wilbers
camslivefree
prodopravce
tworedbowls
woodstockinn
istanbulviva
warwicks
sjohistoriska
flippingtypical
migliorisitidiincontri
autopartsearch
shilian
ifly
furnishplus
disenadorwebfreelance
777-online
psi
bitcoin-qr-code-generator
autohausebner
zfp-web
japanphil
scame
weavespindye
chrisg
ejf
veteransairlift
galette
graff
pado
hyundai
shv-fsvl
landkreis-straubing-bogen
dmoj
iardc
czarnagora
audience2media
baccarathotels
blueinkreview
45
popshops
ngobg
cci-ammunition
wb
tzsiju
arbo
mountaineagle
multikraft
bookoo
cdhrss
parenthoodweb
danlon
wildlifealliance
uwayapply
679565
opas
meta-net
hennnahotel
adnetic
zirca
sexwithemily
swissreplicawatchonline
fdpmoldremediation
zurich
websoft
ennews
huodonghezi
coworking
philsfonts
constancezahn
divergence-images
dogfoodanalysis
linovel
wikiwebagency
digimember
usfigureskatingfanzone
steunpuntcoronazorgen
chevrolet
firehorsecreative
switchmedia
gatrees
wxwindows
maildeliver
vivook
ewrdigital
streampakket
unic
olgaintimates
multiapkclub
theymakedesign
congress
pelirajaton
phillips66lubricants
thongtinketsat
octoyl
usabilitynet
geopoll
kitemediagroup
gakkensf
rdir
it-uk
franciscanecare
e-shop
dgjinhong
schuldnerberatung
rage-esports
7399
yypt
erma
oxy
cherryline
communityhealthliteracyproject
psycologyintheworld
speakingaboutadvertising
harrietbeecherstowecenter
financemalta
theredheadbaker
tronwallet
dbpower
moritz
lavozdelsur
aventon
socialnewsdaily
nissinfoods
taskglobal
catacombesancallisto
chengde
readthecloud
explorefairbanks
cnkiedu
danosa
gudduztechnologies
europaportalen
strill
xbase
lixil-online
inglotcosmetics
changelives
soundstagenetwork
viacustomers
shinygoods
buytwitterpolls
thewonderofworldbloggers
fabulous
iedunote
cycling-friendly
768574
oaklandedfund
omros
bioplasticsnews
dolomiti
biblia
serenebach
kif-fodbold
bizz-hosting
gzmz
walk-ons
resumention
vevioz
openlands
phlexchat
trendingpodcast
westwing
jsta
nucleus
rabota-zarabotok
davidgilmour
bcc10
faceid
redefiningstrength
keepcool
cmpbook
myriobiblos
natreve
radiostudent
learncbse
sfdns
targetbp
easythemes
vesti
map-of-sao-paulo
s-microsoft
zhiqiyun
siouxfalls
snmm21
cei
bownet
ridm
z2u
webtagger
onlinecasinohex
sante-du-pied
markdown-here
freestocktextures
ipictheaters
foodsaver
idahobit
streamlinepublishing
d-reizen
estudiodesign
startup
ccc36
statesassembly
adressmonster
scottbolan
regincontrols
swisschess
3d755
fastline
shopby
abf
pre-3
century21
montenegroairlines
perseus
ustwogames
mybook
mauiwebdesigns
nc0427
kixeye
ianslive
kubotadigital
smallplanet
mcp
luonghaphong
bitzinger
gonesse
hipa
zhangyongmi
crulmedia
alexgaynor
bloischambord
etrasa
a-vista-studios
cg59
ses
itrust
vultors-triefs
lightglint
benesse-bestudio
smpf
fabi
wordtune
bitit
topessayswriter
datastori
socialwatch
ahuobncyohvh
linkdirect
novaratoday
commfides
wheelpower
wvsp
spectacularnwt
alchemistbeer
espace-ethique
atweb
horseandrider
3364
ligneparents
davidseah
motional
usertrack
sparkle
skillsandslots
evolosiswebdesign
ilfordrecorder
cibustec
pagemason
ugllimited
tupalo
skatedeluxe
viviansathre
teknesolution
strangeloopnetworks
emet
theluxonomist
jy1
dm-harmonics
awdudes
bitc
lizzomusic
skyalps
brazil
mi
theodo
201867
mt-on365
tzga
seeiendom
michaelmann
gatewayloan
pointephemere
broca
buckinghamshirelive
importgenius
stiftgoettweig
bliccathemes
litv
inol
54647
dossierjournal
nonaka
fusion
sedonaartscenter
fly-away
warresisters
forumgenerationegalite
naftalantour
panews
healthrising
apg
kulasuoluhui
agrifish
centrak
siamparagon
patientcarelink
ocat
hessen-agentur
linkeo-rouen
ihirenursing
youngarchitectscompetitions
equitybulls
triple
kaetsunou
