How To Identify Legitimate Mlm Business Opportunities
The Internet has made it much easier for companies to open new MLM businesses
. There are literally hundreds if not thousands of these available online. For this reason we want to talk about how to identify legitimate MLM business opportunities so you can be confident you are dealing with a quality company.
1. Does the company have an existing track record? If they do the chances are they will be around in the future.
If they do not can you trust the person who is approaching you on the opportunity? Sometimes getting in early on that opportunity is an advantage and you can rely on your sponsor and their credibility as opposed to the track record of the company.
2. How long has the company been in business? I think this is a fair question to ask.
Certainly existing companies that have been around for awhile such as Amway, Herbalife and so on have track records. However there are many companies that have now been around for 10 years and more and you can find that out.
3. Does the company provide a phone number and a physical address? Even an Internet based MLM opportunity should be able to provide this to their distributors. If they don't it could be a red flag and something you should look closer at.
4. Is the product line something that you personally can get excited about? I think this is very important and if you feel like you would use the product even if you were not a distributor it is probably one worth representing.
5. Will the MLM business opportunity provide contact information for successful distributors you can talk to? This does not mean you are always going to be able to get a hold of these people, but it's comforting to know there are people making money and having success and opportunity before you join it.
6. Is there a lot of upfront capital required? Most MLM businesses do not require a lot of money upfront and if they do it should be a red flag. Depending on the opportunity you may be able to get started for very little money out of your pocket and today inventory is not generally required.
7. Do they pay on time? If there are any rumblings amongst the distributors about the commission checks coming in slowly this is something you want to carefully consider before joining. Stable companies understand the importance of getting their distributors paid when they are expecting their checks.
These are a few tips on how to identify legitimate MLM business opportunities. Use your own common sense and gut instincts. If something doesn't seem right to you there are plenty of other opportunities to check out.