5 Pillars in choosing the right company
So do you due diligence and continue to read what the 5 Pillars are and how they will help you in picking the right company.
5 Pillars to Success
Learn what they are not telling you.......
Keep your money, put your sneakers and run like heck.
Pillar 1. Does the company management have integrity?
Do a Google search on the company owner(s).
If the owner has had any experience in building a network marketing downline then the compensation plan with be "Distributor minded".
The plan will be easy to build a business with, there will be an excellent support system in place.
If however, the owner(s) have never built a downline, it will show in the compensation plan which will be "Company minded".
Distributors will find it very difficult to make money if they can at all.
Another thing to consider is the Policies & Procedures.
Are they readily available to read before you sign up?
If not, they may have something to hide.
For instance, one company I recently was looking at, (insurance) in the P&P's, if you had someone purchase a policy from you and they later canceled, you had to pay the difference.
This is something they will not share openly, but will cost you greatly in the end.
Pillar 2. Timing in the company; Timing in the industry!
Approximately 92% of new companies fail.
If the company does not own it's own software program, they will have problems with it most of the time.
They will have to hire someone to tweak it here and there, they will not be able to maintain the website themselves.
This can be very costly. It is preferred to join a company that has been in business for 2 years or more.
Timing in the company - should the company your with be past the growth phase - it will be very difficult to build a large business - the right company should be entering or in the momentum phase of their growth
Pillar 3. MLM products!
Most companies do have remarkable products.
You need to ask your self this question, "would you buy the product yourself if there was not a business opportunity involved?"
If you join this company do you get a discount? If so, what is the product really worth?
This type of behavior indicates a Recruiting mentality.
If you are only recruiting, you are only building a temporary paycheck.
You have to have retail sales to develop a true residual income.
Think of it this way, a stock broker sells stocks, but if no one buys from the store what good are the stocks? You have no outside income coming in.
Pillar 4. Network Marketing Compensation Plan.
A good compensation plan is one that pays the most with the least amount of people in your downline.
Does the plan pay on your total volume, or does it pay on specific numbers of levels, or stop after a set depth.
Does it pay part-timers?
Do you make money on retail sales? If it is less then 7%, that will kill you!!
There is a simple formula that will show
you exactly how many people you will need in your organization, to make your desired monthly income.
How much money do you make per person, per spot, and divide that by your desired month income.
This simple formula will give you the exact number of people you will need in your organization.
Once you have that figure, ask yourself if this is something you think you can reasonable achieve.
Then ask your self is this something that your team will be able to achieve as well.
Is this system duplicateable, can you teach others to do it with in reason?
Pillar 5. MLM Systems for Success!
It is absolutely imperative that you have a system that is duplicateable.
PEOPLE are not duplicateable, SYSTEMS ARE!!
So when your new distributor asks, "can I do this, and will you help me" will you be able to?
Network marketing is about building relationships and trust.
People join People, they do not join COMPANIES!! If they do they do not stay long.
So with that in mind, if you are trying to find a real legitimate company to join, some place you can stay with, Build a Team, Build a business once, and Build to pay your children's children; then contact me and I will help you!!! FREE OF CHARGE.
Or you can download my e-book here and educate yourself first.
my e-book
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- J-Luiz J-Luiz Jul 12, 2008 @ 6:23 pm
- I was there myself joining company after company, now through Mentoring For Free we can definitely pick the right, honest, and profitable company.
J-Luiz
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- 1crazydream 1crazydream May 5, 2008 @ 8:17 am
- I was NOT in a 5 pillar company and it would have taken me 10,000 people to make that much income a month! That's a lot of people. The Mentoring For Free system is amazing and has taught me what to watch out for in a good and bad company.
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- MLMSPOT MLMSPOT Apr 24, 2008 @ 10:38 am
- Very good information on choosing the right multilevel marketing company and very detailed I must add.
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- MentorSarah MentorSarah Apr 19, 2008 @ 5:33 pm
- Carol I love what you said in your bio "I have not been told to make a list" that is a wonderful statement and very refreshing
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