subject: Best Mlm Opportunity? Watch This Now! [print this page] Business builders from every opportunity will preach to you that "Absolutely, we have the best mlm company in the world.". I would be a little bit careful about buying that line.
It's true... network marketing, when done right, can be the most powerful means of generating life changing profits for yourself and those you care about.
Done wrong, however, and you'll waste incredible amounts of time and energy engaging in very uncomfortable situations with friends, family, coworkers and strangers.
Selecting the right company with the right product is a great place to begin.
If your goal is to attain financial freedom as promptly as possible, here are 5 places to put some thought into that will help ensure you get there as fast as possible.
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 overpriced in relation to their true market value.
To be successful in any business you'll want to make sure that the product or service has great value for the price.
It must have marketability outside of the business opportunity.
If the product brings great value outside of the biz opp, you can be certain you've got a good project on your hands.
2. LACK OF MASS MARKET APPEAL
If you've been a distributor with any mlm venture in the past, I can almost say with certainty that you've been told that "everyone is your prospect."
The fact of the matter is some products are only popular to a certain niche of customers
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.
The best mlm opportunity easily solves this problem by marketing a product product or service that actually does have mass market appeal.
3. PAY PLANS
It appears there are pros and cons to every type of compensation plan on the market.
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 in all probability means they pay less than that. You'll want to find comp plans that pledge to pay out at least 50% to the distributor force.
* Watch out for comp plans that require distributors to "front load" products. This simply means that distributors are required to buy/push large quantities of products when they join. This is where people can get hurt in MLM.
* It's a good idea to gain a basic understanding of the several types of pay plans that are common. There are only a handful that tend to be used.
4. BAD LEADERSHIP
All I can say here is "Do your Research!"
Some will advise 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 crash.
Start up companies, if managed correctly, offer exciting chances 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 corporate leadership if you can and try to get a feel for the foundation of the enterprise.
Are they well funded? Does the executive team have the know how to stay in business? Are they trustworthy? These are all questions you'll want to have answered.
The word of the day here is research, research, research.
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.
