Best Mlm Opportunity? Don't Get Duped!
Right away, lets be candid
Right away, lets be candid. Ask any distributor from any company and they will quickly inform you that the best mlm oppportunity is without question the company they are selling for. I would be a little bit careful about buying that line.
There is no disputing the fact that incredible fortunes and life shifting financial freedom is made doable through multi level marketing..
That being said, if you don't have the stars aligned just right, MLM can be one of the most horrible experiences of your entire life.
One of the first important decisions you will make in getting yourself started in the right course is finding the right company to partner up with.
Paying close attention to these 5 areas will help you find the best mlm opportunity for you so you can make the most wealth in the shortest amount of time.
1. HIGH PRODUCT COST
One big irritation I have with this industry is the fact that scores of companies market products or services that are way too expensive in relation to their true market value.
If your product or service provided more value to the consumer than it costs, you're on the right track.
It ought to have market demand outside of the business opportunity.
If the product provides great value outside of the biz opp, you can be certain you've got a good venture on your hands.
2. MASS MARKETABILITY OF THE PRODUCT
All mlm companies will openly spread the lie that "everybody is your prospect".
What a fib! The fact is that not everybody desires what you have. a few niches may, but not everyone does.
If you're marketing a product that is not attractive to large numbers of people, you could be in for quite a bit of heartache.
Mass marketability is one clue that can indicate you may have found the best mlm opportunity for you.
3. COMPENSATION PLANS
Know that no matter which type of compensation plan you're looking at, folks will always be able to point out both good and bad points within in it..
I don't care if you're talking about matrix, hybrid or uni-level, different opinions will form for the positive and the negative on them all.
Here's some counsel....
* Watch out for companies that say they pay "up to" a certain percentage of gross sales. "Up to" predictably means "less than".
* If the company requires that new distributors purchase a large quantity of products to start the business, be careful. This is referred to as "garage qualified" in the industry. This is where people can get hurt in MLM.
* Do some basic analysis on the several types of comp plans out there and be aware of the pros and cons of each.
4. POOR MANAGEMENT
This is an topic that will also require some due diligence.
Some will suggest that you only go with companies that have been in business for x number of years.
While the past can be 1 factor in predicting the future, it's not the only factor. Old companies do occasionally go bankrupt.
New companies, if managed correctly, offer exciting opportunities for tremendous growth.
The bottom line is this, I don't care if it's a new company or an old company, meet with the management if you can and try to get a feel for the foundation of the enterprise.
Are they financially solid? Does the executive team have the experience to stay in business? Are they trustworthy? These are all questions you'll want to have answered.
The word of the day here is Due diligence,due diligence, due diligence.
The last piece of advice I can give you in finding the best mlm opportunity is to find a product or service that you can have faith in and be passionate about.
This will get you through the challenges you most certainly will face in building your network marketing enterprise.
by: Paul Hutchings
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