subject: Mlm Companies Find Out What Traits All Legitimate Mlm Companies Posess [print this page] How do most people get started with these mlm companies?
Many people get involved in the mlm industry through someone they know. It may be a friend or coworker. They are handed a CD or invited to a meeting at someones house. Maybe they plug into a webinar. The person that invites them to join them in business is very excited and usually brand new themselves. Their excitement rubs on the prospect. The prospects decision to get involved is based on emotions.
However, before joining one of these mlm companies you should do your due diligence to make sure the company is ligit.
Here is an outline that you can use as a check list to evaluate your potential mlm company. Use it to seef if yours is a good one or just another one of the many mlm companies out there that are not honest.
1. Do some basic detective work.
Check out the mlm companys website. You want to find an actual street address and a real phone number. If both of these arent there then dont join. Also, drive by the address given using Google Maps. http://maps.google.com/help/maps/streetview/ If the address doesnt look like a business then dont join!
2. Steer clear of any MLM Companies that only accept checks, bank wires or money orders.
Dont sign up for auto-debits from your bank account. Use a credit card for all purchases.
The company should offer a money-back guarantee of all purchases up to 90 days.
3. Check out http://compete.com. Run the companys website through it.
If their traffic is getting less than 2000 hits, and the graph is headed down then this is a red flag!
4. Good MLM companies will have a $500 or less start-up cost option. Dont get in if its more.
Over 22 states require a business registration if the start-up cost is over $500.
The best mlm companies will have a refund policy on the products that come with the starting package.
5. Do a search with the BBB in the city where the mlm company is located.
Heres a link to do an advanced search with them. . . http://search.bbb.org/SearchForm.aspx?mode=Business
If there are more than 4-5 unresolved complaints then dont join.
6. Test the products prior to joining one of these mlm companies.
Dont just get sucked into the hype about making a ton of money.
Use and try to sell some of the products first.
Buy some of these products if necessary to test them out.
7. Read and understand the contract.
The paperwork should be less than 15 pages long.
This contract can be upheld in a court of law.
Have the recruiter explain anything you dont understand.
8. Get a copy of the pay plan and analyze it.
Find someone with knowledge of mlm companies to help you if you dont understand it.
Ask lots of questions.
9. Does the mlm company provide sufficient support?
Checks paid on-time without errors?
Products delivered correctly all the time?
10. Are the products or services marketable?
Are they consumable? This gives monthly usage and creates residual income
Are they exclusive to that company?
Do you like them?
Can you get excited about the products and sell them?
With this list you cant go wrong when faced with the task of choosing one of many mlm companies available in the marketplace. If the company has these characteristics then its a winner.
At the end of the day the mlm company you pick has to fit with you personally. If youre not into health and fitness then dont join a vitamin company.
