subject: How to Choose the Right Network Marketing Opportunity in Canada [print this page] How to Choose the Right Network Marketing Opportunity in Canada
It is amazing how many people today are joining network marketing companies. With the current economic challenges affecting so many individuals on a global basis, everyone is looking for a plan B or in some cases a new plan A. However, with thousands of network marketing companies worldwide to choose from, how do you choose the right opportunity in Canada for you?
Whether you have found out about a new opportunity through the internet, at a meeting or through a friend,doing your research and due diligence is essential. There are some key questions you must ask!
Is this a productthat is first rate and that people want? Is the product recession proof? For example,is it replacing a product that they are already spending their money on and not something new to their budget? If it is technology based, there are so many unknowns for the future. Technology changes so rapidly! Something in today, can be so different in a year or two.
How much competition is there? The best opportunities are those with little to no competition in the network marketing industry. These are called blue ocean opportunities. There are a few thousand nutrition based network marketing companies, and even though the majority have great products, it is hard to compete with the newest juice or ingredient of the month.
What are the global implications? Is the company only open in Canada and the U.S.? Do they have future plans for global growth? Long term success is dependent on the growth that will come from many of the foreign markets.
Does the companies management team have a track record for success? Do they have experience in network marketing? Understanding the independent marketers and what they go through to build their business is very important. In my opinion, having a corporate team who understands this because they have been in the trenches before is key!
Lastly, you want to find a company that has a record of success and is close to hitting the momentum phase of growth. Too many people tout the ground floor opportunities, yet over 90% of them, never reach the third year of business.
If you are looking to start a network marketing business in Canada, these questions will helpdetermine the right opportunity for you!
