In your home business, the most important thing you can possibly do is decide which company is right for you. So many Multi Level Marketing Companies are promoting themselves as the ‘fix all’ company that it makes it impossible for the average person to sort the true information from all of the junk that’s out there.
Because of my ability to spot opportunities at the right time, I have been able to create much prosperity in the MLM industry. I wanted to warn you in advance on a few things that you need to look out for, as well as give you some advice on how you can spot a company that is right for you.
First, the problems you need to watch out for. There is an issue that becomes a problem so much from the myriad of Multi Level Marketing Companies that are out there that it is worthy of special notice and recognition
You absolutely, no matter what have to choose a company with a product that actually is competitive in the market place. The competitive factor doesn’t always have to be the same, you can compete on price, value, or service for example. However, it has to actually compete. It also has to be unique in the sense that your customers can’t just go buy the exact same product at Wal Mart.
Over the years, I have heard companies claiming that their compensation plan is so good that it doesn’t matter at all what their product is. Unfortunately, companies will invariably fail if they don’t have a product that provides value in the marketplace. Is that something you would actually buy at that price outside of the MLM? This is a great evaluative question. Many times an opportunity looks good, but when you ask that critical question it falls to pieces.
So rule #1 – Find a company with an awesome product.
The next problem you’ll see quite frequently when researching Multi Level Marketing Companies is unethical compensation plans. For example, the FTC will severely penalize a company if they are involved in any form of ‘Front End Loading.’
Steer clear of anything that is rewarding any form of monetary compensation for anything but the sale of products and goods to the end consumer. Multi Level Marketing Companies that attempt to side step this rule may get investigated and shut down by the FTC.
Also, you’re going to want to find a compensation plan that is lucrative, and will keep the money earners in your downline long term. If a compensation plan isn’t balanced properly, different levels of people in the organization will have checks that will not motivate them to continue promoting the product.
Which brings me to the most important factor in deciding which out of the myriad of Multi Level Marketing Companies you should join – and that is you need a marketing system that is duplicable, easy, and fun, but most importantly…
…It has to work.
You would be amazed if you found out how many people promote their companies products with systems that just plain aren’t effective in the slightest. If you want to succeed from home – you need a strategy that will work, work well, and more importantly – it will work for you!