There are a lot of factors you should consider before you join a network marketing company. Personally, I would recommend a company that has a very good track record of stability and success. Regardless of the company, you also want to have a great team around you with the right marketing system that fits your personality. Here are four simple questions you should ask yourself before you join any network marketing company.
What Is the Marketing System?
Traditionally, network marketing companies would teaches distributors to have home business parties, bring prospects to hotel presentations, or treat them to a business presentation over lunch. Recently network marketing companies have been providing new training and tools to teach their distributors how to market on the internet. Companies that teach these strategies are on the cutting edge of today. 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 buy a simple Google search. Although you can’t believe everything that you meet 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 plans. There are binary compensation plans, matrix compensation plans, stairstep compensation plans, etc. All companies will have unique requirements to unlock all of the money. It’s important to do due diligence and understand the dynamic of the compensation plan for a company that you are considering. Some companies have coded bonuses, matching bonuses, or legs a have to balance to get paid the residual income.
What is the Product or Service?
I personally believe that network marketing companies have the best products available anywhere. Of course you cannot do them all but here’s a little advice to help you find one or more that will be right for you. There are less than a dozen companies that have reached the billion dollar milestone. They range from financial planning, cosmetics, cookware, health and wellness, and even an aloe vera a based company. Again, out of tens of thousands of network marketing companies thath have formed 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 poised 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 on its way up.
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