What is a 5 Pillar company?

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 13 people | Log in to rate

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Are You In a 5 Pillar Company?

The first step to succeed in your business is to be educated. You need to be able to create a long-term, walk-away (residual) income. The '5 Pillars' helped me to recognize all the areas you need to evaluate, to achieve this goal.

So what is a 5 Pillar company? This is the question i had, when I started.

Learn the 5 Pillars! 

I was looking for a business, so that I could be a stay-at-home mom and be with my daughter. I did not know much about MLM / Network Marketing, other then alot of them out there are Scams! So i always do my research and was told i should look for a 5 Pillar Company.

So what is a 5 Pillar company? - This is what I found out.


Pillar #1 - Company management with experience and integrity

Do your homework, research the company. Do a Google search of the company name then type 'scam' or 'fraud' and see what comes up. The CEO(s) or owner(s) of the company should have experience in the field. Read the biography of the people running the company. Have any of these people been successful in MLM or network marketing? ....If the people running the company don't have any training or experience in MLM or network marketing, how will they teach you to run the business and build your team?

How do you know a company has integrity?


Read the companies Policies & Procedures.

- If the policies are more than 5 pages long, this could be a red flag.

- Does the P&P have a yearly renewal clause.

- Does the Company charge you for training or a Company Website?

Red Flag words to look for - Terminate, Ongoing, Recruiting, and Retail Sales.


Pillar #2 - Timing, In The Industry and The Company

Watch out for start-up companies and companies younger than 2 years old. Approx. 99% of new companies fail within that period. Wait and see if the company is going to survive...by then all the problems should be fixed/worked out.


Pillar #3 - The Product

Most companies have remarkable products. Ask yourself this question... "Would I buy this product if there was no business opportunity attached?" If not, then you may want to re-think your decision. The product should be high quality and in high demand.

Are the Products Affordable? ....You should be able to sell your products at retail. If you are only able to sell your products by giving your customer your discount, then this is a red flag.



Pillar #4 - The Compensation Plan

95% of networkers are part-time people. So it makes sence, to have a pay plan that pays even the part-timer. A good compensation plan is one that pays the most with the least amount of people in your downline.

If the recruiting stopped, would you still get a check?



Pillar #5 - A Proven Duplicatable System

You must have a proven duplicatable system for success. People are not duplicatable, but systems are. If your sponsor is telling you to recruit and buy leads...RUN! Buying leads is a Scam! Build people, by sharing knowledge and teaching them skills. Network marketing is about trust and building relationships. People join people, they don't join companies! If they do, they usually won't stay long.



Before you get involved with a MLM or network marketing company, do your homework, Look for these 5 Pillars. Each pillar is very important, if you plan on being successful in this industry.


MLM is the the best work from home opportunity out there. However, education is the key in order to be successful. The Free eBook "Success In 10 Steps" has plenty of valuable information, including how to find the very best compensation plan. This ebook has saved me years of failure and frustration and it can do the same for you.


Michael Dlouhy explains the 5 Pillars 

Click here to Order

"The 5 Pillars of Success" on CD

Success In 10 Steps by Michael Dlouhy  

Learn why "Your Lack of Success is Not your Fault!"

This book was written by my good friend and mentor Michael Dlouhy
It will save you years of MLM failure and frustration.

Success In 10 Steps - Secret MLM Strategies

Amazon Price: $0.99 (as of 07/14/2009) Buy Now

Usually ships in 24 hours

Other Recommended Readings 

Educate Yourself!

Reading paves the way to success, which can build self-confidence and motivate yourself to set high expectations for life.

Think and Grow Rich: The Landmark Bestseller--Now Revised and Updated for the 21st Century

Amazon Price: $8.00 (as of 07/14/2009) Buy Now

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Chicken Soup for the Network Marketer's Soul

Amazon Price: (as of 07/14/2009) Buy Now

Your First Year in Network Marketing: Overcome Your Fears, Experience Success, and Achieve Your Dreams!

Amazon Price: $10.85 (as of 07/14/2009) Buy Now

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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

Amazon Price: $10.79 (as of 07/14/2009) Buy Now

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Your Thoughts! 

Lensmaster

Danny Chiquito wrote

Excellent information. This ebook will save time and money to every one in this Industry.

Make it a great day!

Danny Chiquito

Reply Posted October 10, 2008

PeterBloch wrote...

After having read your e-book I agree with you. You must have all 5 pillars present in the company you are working with to have a genuine hope of success.
Thanks for sharing.

ReplyPosted September 13, 2008

mkissell wrote...

I totally agree with everyone's comments here ... especially Michel's!

The 5 Pillars for Success IS the blueprint for success!

Live Well,
~Melanie Kissell

ReplyPosted September 12, 2008

mlalib wrote...

The "blueprint" for network marketing success.

It's just that simple.

Michel

ReplyPosted September 12, 2008

success4free wrote...

Great information, learning the 5 pillars can save years of failure and frustration.

ReplyPosted September 12, 2008

 
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