There are a lot of factors you should consider before you join a network marketing company. Personally, I would recommend a company that has a very good track record of stability and success. Whichever company you choose, you also want to have a great team around you with the right marketing system that fits your personality. Here are 4 important questions you should ask yourself before you join any network marketing company.
What Is the Marketing System?
Historically, network marketing companies would teach it's distributors to have home business parties, bring prospects to hotel presentations, or treat them to a business presentation over lunch. Recently network marketing companies have been sharing new training and tools to teach their distributors how to build their business on the internet. Companies that implement these strategies are going to be more successful long term . I believe the single most important factor for any serious network marketing professional is having an effective network marketing system.
Who are the Company Creators?
It's also vital to research who the founders of the companies are by a simple Google search. Although you can't believe everything that you read on the internet, you will actually see what your potential prospects will be seeing. Some founders have had a history of lawsuits while others have a ton of success and are very charitable. I believe it's very important to research the founders of any company that you are seriously considering joining.
What Type of Compensation Plan?
Each company has their own compensation plan. There are binary compensation plans, matrix compensation plans, uni-level compensation plans, etc. All companies will have multiple requirements to tap into all of the money. It's important to do due diligence and understand the dynamic of the compensation plan for a home business that you are considering. Some companies have coded bonuses, matching bonuses, or legs that have to balance to get paid the residual income.
What is the Product or Service?
I personally believe that network marketing companies have the best products available on the planet. Certainly you cannot do them all but here's a little advice to help you find one or more that will be right for you. There are fewer than a dozen companies that have reached the billion dollar in sales achievement. They range from financial planning, cosmetics, kitchenware, health and wellness, and even an aloe vera based company. Again, out of several thousands of network marketing companies that have formed it's important to know that less than a dozen have actually achieved billion dollar status. With this in mind, there are companies currently that are on track to achieve this rank as well. So you can take the safe route and join a company that is already there or take a chance on a newer company that's climbing up the ranks.
Good luck to you in your quest for a network marketing company. There are several excellent network marketing companies, I hope this post helps you in your selection. Discover more about the Author James Wehner at http://www.JamesWehnerBlog.com
What Is the Marketing System?
Historically, network marketing companies would teach it's distributors to have home business parties, bring prospects to hotel presentations, or treat them to a business presentation over lunch. Recently network marketing companies have been sharing new training and tools to teach their distributors how to build their business on the internet. Companies that implement these strategies are going to be more successful long term . I believe the single most important factor for any serious network marketing professional is having an effective network marketing system.
Who are the Company Creators?
It's also vital to research who the founders of the companies are by a simple Google search. Although you can't believe everything that you read on the internet, you will actually see what your potential prospects will be seeing. Some founders have had a history of lawsuits while others have a ton of success and are very charitable. I believe it's very important to research the founders of any company that you are seriously considering joining.
What Type of Compensation Plan?
Each company has their own compensation plan. There are binary compensation plans, matrix compensation plans, uni-level compensation plans, etc. All companies will have multiple requirements to tap into all of the money. It's important to do due diligence and understand the dynamic of the compensation plan for a home business that you are considering. Some companies have coded bonuses, matching bonuses, or legs that have to balance to get paid the residual income.
What is the Product or Service?
I personally believe that network marketing companies have the best products available on the planet. Certainly you cannot do them all but here's a little advice to help you find one or more that will be right for you. There are fewer than a dozen companies that have reached the billion dollar in sales achievement. They range from financial planning, cosmetics, kitchenware, health and wellness, and even an aloe vera based company. Again, out of several thousands of network marketing companies that have formed it's important to know that less than a dozen have actually achieved billion dollar status. With this in mind, there are companies currently that are on track to achieve this rank as well. So you can take the safe route and join a company that is already there or take a chance on a newer company that's climbing up the ranks.
Good luck to you in your quest for a network marketing company. There are several excellent network marketing companies, I hope this post helps you in your selection. Discover more about the Author James Wehner at http://www.JamesWehnerBlog.com
About the Author:
Network Marketing Mentor and Internet Marketing Strategist James Wehner gives away FREE tactics and ninja marketing secrets here http://www.WorkWithJamesWehner.com and see my video that exposes the exact marketing blueprint of the top 1% of money earners at http://www.MLMonlinemagic.com
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