You'll waste years of hard work by joining the wrong network marketing company. Don't even think of selecting a company or product until you've read this revealing article.
The first step to success in network marketing is selecting which of the thousands of companies you'll get involved with. You have to do some due diligence on this before just jumping into a company because someone got you excited about the opportunity.
There are some logical steps you can take when checking out a company and it's opportunity. We'll cover a couple of the beginning steps here so you have some homework to do.
What is the product or products?
In order for you to be successful, the company you join must be successful. There's nothing worse than putting a couple of years of effort into a company that goes out of business.
It seems obvious, but the product or products must be highly consumable for the company to succeed. You could do network marketing of Rolls Royces, but how many people could afford one and how many would they buy in a lifetime?
The product shouldn't be available on a store shelf.
You can't change most people's habits of buying at the super market or corner grocery. If your product isn't exclusively available through independent reps, it won't succeed.
Does your product have magic?
The product should have some sizzle. This means it should have a story that's fascinating enough to capture the imaginations of many people and make them want to know more and to try the product. If the product is weak, not too many people will be drawn to it.
The other part of the success equation is the compensation plan. I'm assuming you're in this business to make money in the form of residual income.
The compensation plan should be one that rewards people right in the beginning so they make some decent money for their effort and want to stick with it.
A person who is diligently working the plan should be able to expect a 5 or 6 figure residual income within 2-3 years. If it's too hard to earn a good income, most of your people will lose interest and drop out.
Beware of the nasty little secret that most network marketing companies hope you won't notice when you read the compensation plan. This is a word called "breakage" and it doesn't appear in any of the material you'll read.
The way breakage appears in the a compensation plan is "we pay up to". That means the company doesn't have a hard and fast rule of payout that they pay a certain, pre-determined percentage on every dollar they take in. Many companies make it so difficult to qualify for that high percentage, that no one ever reaches the percentage of payout they advertise. It's a shame that they use this sleight of hand method to get people to work hard.
Look for a company that pays out about 50% of every dollar back to the distributor workforce. If you find the words "up to 50%, or up to 75%" in the compensation plan, look for another company to get involved with so you don't waste your effort making money for the company owners only.
An honest network marketing company will state exactly what percentage they pay out. Someone in the distributor workforce should qualify and be paid on every dollar that's due to the distributors in the company.
Finding the Best Memory Foam Mattress
Trying to find the best memory foam mattress for your budget and sleeping style? Read on to get the insider information and tips you need to help you avoid a disaster.
iCoil Mattress Miracles
You'd like to know if there was a magic bullet, in the form of a simple question, that would insure your getting a great mattress at a great deal, wouldn't you? Well, there is one question you need to ask and you'll find it here.
Which Type Mattress Gives Best Back Pain Relief?
Want to ditch back pain for good? Read on to find out why your mattress can be the cause of back pain and the cure for back pain.
