subject: Best Mlm Business Opportunity [print this page] If you are seriously considering splashing out your hard-won cash to start a new network marketing business you need to take the time to comprehensively research the assorted options available to ascertain, for yourself, what's the best MLM business opportunity for you and your future team.
Because not all internet promotion or direct selling businesses are created equal and spending the time up front, at the beginning, to do your due groundwork can pay of big time later on . So here are a couple of things you must consider prior to making the final choice :
How long has the company been in business? Are they privately held or in public traded. Who is the managing team and what real world experience to they have in operating and growing a Global business? Where are they open for business and can the services readily be shipped into different nations without custom issues?
These are all important questions because most new, ground-floor start-up firms fail inside five years. Not some. Most. So although it may appear like getting in on the ground floor is an advantage, in many cases, it should be a big warning sign because the likelihood of this new start up company surviving is terribly slim and your best likelihood of success is to join a definite MLM business opportunity with a real record that has been in business, on a steady expansion curve, for at least 5 years.
One more thing to consider is the price of the product and services. Ask yourself this one question, "Would the typical individual buy this product from this company at this price, under normal market conditions, if a MLM business opportunity was not attached to it?" If you cannot honestly answer, "Yes" then you shouldn't join this company.
The explanation is solely economics. Understand the majority who start in MLM will sponsor and recruit less than three folks their whole careers. Put simply, most people never do what is critical to succeed in their new business. So if these folks are required to make a once per month acquisition of a product they would not usually buy at that price... They may cancel their autoship and give up. Explaining why the yearly attrition rate, the drop out rate, in many social marketing corporations is often in the 70 to eighty percent range. And any attrition rate higher than 20% annually will make building a moneymaking business fast very , very challenging.
So the best MLM business opportunity is one that has a good product that folk already use at a price similar to what they are already purchasing. If they're used to paying $35 for supplement they already use and are now asked to pay $75... If they don't build the business they can soon quit and go back to paying $35 per bottle.
Next thing you need to seriously consider before starting any new business is how, specifically, you intend to publicize, market and pitch your new business. Because the bottom line is you won't make any money until you sell a large amount of products and sign up plenty of new team members. So what's your plan? Because even the best MLM business opportunity out there won't make you a cent unless and until you efficiently and effectively market and promote that business.
