MLM: 12 Things to Look for in a Network Marketing Business
Are you considering a network marketing (also known as multi-level marketing or MLM) business? If so, please make sure the business you're considering has the following 12 items:1. The MLM company is well established. How many years has the company been in business? At least 10 years is good because you can determine what type of reputation the company has. Anything less than 10 years - do some serious research on the company and the people involved. 2. Integrity exists at the top. Do the owners and people managing the company have excellent reputations in the business world as well as in their community? 3. The company sells daily, consumable products. This is the best way to make a consistent, monthly income from a network marketing business. Why? Because people will regularly buy a daily, consumable, quality product . Be careful of network marketing businesses that have good quality products or services, but those products or services do not need to be consumed or used monthly. 4. The MLM company has a unique product line with product loyalty. People who start using the products continue to buy from you because of the high quality of the products and there are few, if any, other place where the product can be purchased. 5. The company manufactures all of their products. It's important that the company manufactures as close to100% of their products as possible. This gives the company control over what products wear their label. It should also give the company's distributors more confidence that they are in fact distributing a good quality product that people can't buy elsewhere. For example, there are only a few companies in the world who manufacture over-the-counter women's cosmetics. What most women pay top dollar for at the department store is really the same stuff at the drug store. The difference? More expensive packaging and advertising. 6. The MLM company has a strong retail focus. Distributors who sell products at retail prices are able to enjoy a double-digit profit margin. This is a key component to what separates legitimate network marketing businesses apart from pyramid schemes. 7. The company has a fair and lucrative compensation plan. The best compensation plans are designed such that those just getting started are rewarded and those that have been steadily building their businesses are also rewarded. 8. The company has a car bonus program. This is an indication that the company values its distributors. It's also an indication that the company is willing to offer competitive benefits to its distributors. 9. The company has a distributor support and benefits package. The company should have numerous support services and products available to distributors. If medical benefits are available - even better. At the very least, the company should provide medical benefits to its staff that work in the office. 10. The company has international opportunities. Find out how much revenue the company generates overseas. Many people have created a nice residual income for themselves by recruiting just one person who lives abroad. 11. The company has a strong mission statement. What is the company's mission statement? Can you get behind it? 12. The MLM company has a good story. If you join this company's business program, do they have a story worth telling? Network marketing is a business rich with success stories - stories about transformations in health, longevity, and prosperity. Whatever company you choose, make sure that the company's story is worth telling.
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