subject: Best Mlm Opportunity? Here's How To Find It [print this page] First off, lets be honestFirst off, lets be honest. Ask any business builder from any mlm organization and they will tell you that the best mlm opportunity is without question the company they are promoting. I would be hesitant about buying that line.
It's true... network marketing, when done correctly, can be the most robust means of generating life changing income for yourself and those you care about.
That being said, if you don't pay attention to some important points, MLM can be one of the most awful experiences of your entire life.
Selecting the right company with the right product is a great place to begin.
Paying close mind to these 5 areas will help you find the best mlm opportunity for you so you can make the most money in the shortest amount of time.
1. OVERPRICED PRODUCTS
One big annoyance I have with this industry is the fact that a lot 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 marketplace than it costs, you're on the right track.
It should have marketability outside of the business opportunity.
This will make certain that your business does not crumble if people aren't making money with the opportunity.
2. MASS MARKETABILITY OF THE PRODUCT
All mlm companies will naively spread the lie that "everyone is your prospect".
What a story! The truth is that not everybody wants what you have. some niches may, but not everyone does.
If you're marketing a product that is not attractive to that masses, you could be in for quite a bit of rejection.
The best mlm opportunity effortlessly solves this problem by marketing a product product or service that truly does have mass market appeal.
3. COMPENSATION PLANS
Understand that no matter which type of compensation plan you're looking at, individuals will always be able to point out both good and bad points within in it..
Point of view can be found to support or condemn matrix, binary, hybrid, uni level or any other compensation plan you can think of.
Keep these things in mind...
* If a rep says that their comp plan pays "up to...__%" that almost certainly means they pay less than that. You'll want to find comp plans that vow to pay out at least 50% to the distributor force.
* 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 recognize the pros and cons of each.
4. POOR MANAGEMENT
This is an topic that will also demand 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 explosive growth.
If possible, meet with the management team to get a feel for their talents and goals. It's also helpful if members of the management team that have been successful distributors in the past.
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 empire.
