If you are considering joining and MLM business opportunity and you are new to the world of network marketing, there are several things you should look for before choosing a company to join.
Stability. How old is the company? Generally, you should steer clear of companies who have been in business less than three years. The longer they’ve been in business the more stable the company, and the better the MLM business opportunity. Companies that have been around for only a few years have not proven their product or their business model.
Products and Services. This goes along with stability. Does the company sell products that people buy, use and love? You should do plenty of research on the products before you join any network marketing company. MLM Business Opportunities that do not have a proven product line should be avoided. Many network marketing scams are built off of fake or shoddy products and services.
Compensation Plan. Learn how their distributors get paid. A good MLM Business opportunity offers independent reps a variety of ways to make money from sales to commission to bonuses. Search the internet to find out how satisfied other reps are with the compensation plan.
Training Program. Research how new reps are trained. Solid companies will have solid training programs. Be wary of companies that make you attend paid training at a faraway location. Some legit network marketing companies do require this, but they also offer local training in the form of support groups, etc. Fake opportunities are notorious for making new reps pay hefty fees for their initial training.
And finally, you have to consider yourself in this equation. First and foremost, do you have the time and energy to devote to building a business? Because an MLM business opportunity is just that – a business, run by you. Network marketing is often thought of as a get rich quick scheme, but it isn’t. It’s a real business model in which people can make a living for themselves and their family, but that money only comes after hours and hours of hard work. If you are working your business part time, you’ll have to sacrifice evenings and weekends. If you don’t think you can keep up with the workload, it might not be worth it to invest the money in an MLM business.
Next, do you have the money to invest? While the startup fees for a network marketing business are low, if you don’t have a hefty savings and a cushion to fall back upon, those small fees can seem like a mountain of expenses. If you can’t join a MLM business opportunity without putting yourself into debt or cleaning out your savings account, you should reconsider.
Deciding whether to join an MLM business opportunity as a network marketer is a personal choice that can’t be made by your mentor, your family or your friends. Do diligent research and evaluate your circumstances closely before investing the money and time in starting your own business.
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