Choose the Right MLM Company

So you’ve made the decision to get involved with MLM or Network Marketing. You might have read all the literature about how it’s a great marketing plan and that it’s recommended by such people as Robert Kiyosaki and Donald Trump.

But now you are not sure what company you should work with. Why is one organization superior to another?

Well I am here to tell you that if you simply want to join, stand on the corner next to the homeless guy and put on your sign “Searching for MLM Company”. You will create a traffic jam of network marketers jumping out of their car and racing to sign you up.

But once you sign on the dotted line what do you really get. Never assume all MLM organizations are the same. From payment plans to training there’s a lot to know before you press go.

Below are a few things to consider (your guidelines, so to speak)

1. What is the merchandise you’re going to be promoting?

First and foremost, you are selling merchandise and selling by word of mouth. Therefore the product needs to be something you believe in. Consider this, Do you enjoy the product? Would you be buying it and using it even if you weren’t promoting it? Is there a demand for it? Is it of top quality? (Does the company stand behind it with some sort of guarantee?)

2. What is the cost for the product?

Is the price affordable and fair? How does it compare to the value of similar items in the marketplace? Is there a discount available to you as a distributor? Basically, can you generate income by retailing the product?

3. What is the initial investment required to get started?

To join a network marketing company you’re typically required to become a member or a supplier of some sort. To do this there is a price. How much does it cost to become a business builder in the company you are considering? Do they offer several levels of entry? What all do you receive for your initial investment (product, training material,etc…)?

4. How much product must you purchase every month?

Most MLM businesses will require some form of personal product purchase in order to be considered a distributor or business builder. How much would this purchase amount to each month? Are you able to pick what you would want or are you just mailed an auto shipment of products they establish and force you to purchase?

5. Are your profits based on amount of product sold or the number of distributors you sign up?

While it is desirable to have a downline (people you sponsor into the company), ensure your earnings are based on quantity of product sold by you or your team.

Since you have 2 ultimate goals, selling and recruiting, really pay attention to #6 & #7 of the checklist

6. Is the item consumable? / Do you have a possibility of recurring customers?
Because one of your goals with an MLM company is to retail a product, it will help to understand who your target customers are and how they are going to use the item. Will you be able to get them going on a monthly plan of buying your product? Does the company offer an auto ship program to help keep your product moving?

7. Will there be training offered to help you develop your business?

In my opinion, this is one of the most important areas to check out when you are hunting for a good company. Do they offer you a way to get trained and trained effectively? Network Marketing, like any other job, has its own strategies. There are both good and bad methods to go about the business. Your sponsor is an important piece of this training puzzle.

Your upline is the person who sponsors you into the company and the people who sponsored them in. They are your mentors and coaches. They are the people who can get you through the tough times of starting a new business.  Everyone comes in with a different skill set but most people still need some help to get going on this new MLM job just like they would if they started any job.  Sometimes its the silly little things that can really bog down the process. Having a team of people willing to help and answer all the questions, even the silly ones, is a HUGE benefit.

Even if the person who sponsors you isn’t the most effective at training, there might be someone farther up that is doing the business and achieving the success you are interested in. 95% of all people who begin an MLM business are unsuccessful. The two main reasons are they don’t want to actually work or they aren’t getting trained to work the correct way. So if you are committed to the program than all it takes is the correct guidance.

8. What is the company’s history and reputation?

Last but not least, you should look at the company and find out how it does business. Do the company’s beliefs and values complement yours? Have they been around for a long time or did they just start recently? Do they have a stable history? Do they have a good reputation for customer service, product quality and distributor support? Have a look at their website and don’t be afraid to go around the person sponsoring you to do your own personal research. Don’t believe everything you hear.

Starting a business – even a home based business – is a big deal.  You need to go into it understanding that and realize that it still takes work.  Just because you get to work from home doesn’t mean you don’t have to do any work.  Joining up with the right company can help make the start-up easier and put you on the right path to achieve the success you desire.

One last thought – No matter how good the parent MLM company is, you will not be successful without commitment and action.  You are still the biggest factor in determining your success!

So you’ve made the decision to get involved with MLM or Network Marketing. You might have read all the {literature|articles} about how it’s {a good|a great|an excellent|a superb|a very good} marketing {plan|strategy} and that {it’s|it is} {endorsed|recommended} by such people as Robert Kiyosaki and Donald Trump.

But now {you are not|you aren’t} {sure|positive} what {company|organization} {you should|it is best to} {join|work with}. {What makes|Why is} one {company|organization} {better than|superior to} {the other|another}?

{|Well} I am here to tell you {that if|if} you {just want to|simply want to} join, stand on the corner {next to|alongside} the homeless guy and put on your sign “{Looking|Searching|Hunting} for {MLM|Multilevel marketing|Network marketing} Company”. {You will|You would|You’ll} create a traffic jam of network marketers running to sign you up.

But {once you|after you} sign on the dotted line what do {you really|you actually} get. {Not all|Never assume all} MLM {companies|businesses|organizations} are the same. From {compensation|payment} plans to {training|coaching} {there is a lot|there’s a lot} {to know|to understand}.

{Here are some|Below are a few} {points to consider|items to consider|things to consider} (your {checklist|guidelines}, so to speak)

1. What is the {product|item|merchandise} {you will be|you’re going to be} {marketing|promoting}?

{First and foremost|Above all}, {you are|you’re} {selling|offering} {product|merchandise} and selling by word of mouth. {So the|Therefore the} {product|merchandise} {needs to be|must be|has to be} something you believe in. {Ask yourself|Think about|Consider} this, Do you {like|enjoy} the {product|merchandise}? {Would you|Do you} {buy|purchase} it and use it if you weren’t {selling|promoting} it? Is there a {demand for|need for} it? Is it {of high quality|of top quality}? (Does the {company|producer|manufacturer} stand behind it with a {guarantee|money back guarantee|full money back guarantee}?)

2. What is the {price|cost} for the product?

Is the {price|cost} {reasonable|affordable} and fair? How does it compare to {the price of|the cost of|the value of} {similar|comparable} {products|items} on the market? {Is there a|What is the} discount available to you as a {distributor|representative}? {In other words|Basically}, can you {make money|generate income} by {retailing|marketing} the product?

3. {What is the|Is there an} initial {investment|expense} {required to|needed to} {get started|get going}?

To {join|be a part of|be part of} {an MLM|a network marketing} {company|organization} {you are|you’re} {usually|typically} required to {become a member|registered as a member} or a {distributor|supplier} of {some kind|some sort}. To do this there is a {cost|price}. How much {does it|would it} cost to become a business builder in the {company|organization} {you are looking at|you are considering}? Do they {offer|provide} {several|a number of} levels of entry? What all do you {get|receive} for your {initial|preliminary} investment (product, training material)?

4. How much {product|merchandise} {do you have to|must you} {purchase|buy} {each month|every month}?

{Most|Many} MLM {companies|businesses} will require {some sort of|some form of} personal product purchase in order to be {considered|thought of as} a distributor or business builder. How much {will it|would it} {cost you|amount to} each month? Are you {allowed to|able to} {pick|choose} what you would {like|want} or are you {just|simply} {sent|mailed} an auto shipment of products they {decide|establish} you must {buy|purchase}?

5. Are your {earnings|profits} based on {amount of|quantity of} product sold or the {number of|quantity of} distributors you {sign up|enroll}?

{While it is|Even though it is} {desirable|appealing} to have a downline ({people|individuals} you sponsor into the {company|organization}), {make sure|ensure} your earnings are based on {amount of|quantity of} product sold by you or your {downline|team}.

{Since you|Because you} have {two|2} {goals|objectives}, {retailing|selling} and {recruiting|prospecting}, {you need to|you should} {pay close attention to|pay attention to} #6 & #7

6. Is the {product|item} consumable? / Do you have a {chance for|possibility of} {repeat|recurring} customers?
{Since|Because} one of your goals with an MLM company is to retail {a product|merchandise}, it {helps|will help} {to know|to understand} who your target {prospects|customers} are {and how|and in what way} {they are going to|they will} use the {product|item}. Will you be able to get {them|these folks} going on a {monthly|month-to-month} {program|plan} of buying your product? {Is there|Can there be|Will there be} an auto ship program to help keep your product moving?

7. {Is there|Will there be} training {offered to|provided to} {help you|assist you to} {build your|develop your} business?

{In my opinion|I believe}, {this is|this can be} one of the most {important|crucial|critical} areas {to check out|to look at} {when you are|while you are} {looking for a|hunting for a} good company. {Do they|Will they} {offer you a|provide you with a} {way to get|method of getting} trained and trained {correctly|effectively}? Network Marketing, {like any|like every} other {job|occupation}, has its own {methods|strategies}. {There are|You will find} both good and bad {ways to|methods to} go about the business. Your {upline|sponsor} {is critical|is important} to this {training|instruction}.

Your upline is the {person who|individual who} sponsors you into the {company|organization} {and the|as well as the} people who sponsored them in. This is your {mentor|advisor} and coach. This is the person who can get you through the tough times of {starting|establishing} {a new|a brand new} business.

Even if the {person who|individual that} sponsors you isn’t {the best|the most effective} at training {is there|will there be} {someone|anyone} farther up that is doing the business {and having|and achieving} the success {you are looking for|you are interested in}? 95% of all {people who|people that} {start|begin} an MLM business {Fail|Are unsuccessful}. The two main reasons are they don’t want to actually work or they aren’t {being|getting} {trained to|taught to} work the correct way. So if you are {committed to|invested in} {the plan|the program} than all it takes is {the right|the correct} guidance.

8. What is the {companies|businesses} {track record|history|reputation}?

{Last but not least|Finally}, you should look at {the company|the organization} {and see|and find out} {how it|the way it} does business. Do the company’s {values|ideals|beliefs} {match up with|complement} yours? Have they been around and do they have a stable {track record|history}? {Check out|Have a look at} their website and don’t be afraid to go around the person sponsoring you to do {your own|your own personal} {research|investigation}. Don’t believe everything you hear.

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About Michael Tomberlin

I am happily married and have 6 wonderful kids so life is sweet! I am building my own business on the internet and helping others to do the same. If you are looking to achieve more in life and reach for your dreams of being your own boss let me know. I would love to help you.

Working online and sharing what I have learned about an online business and improving your health and wellness are two things I enjoy.

Comments

  1. love this site – it’s a great blog – may i suggest you get an rss feed.

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