Before You Sign up With Any MLM...Learn How to Choose the Right Company.
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There are lots of great MLM Home Business Opportunities out there...
Joining a MLM company is a huge life decision. You would never start a new job without first knowing how much you will get paid, or if there are benefits or what the hours are like, right? So why do people sign up for business opportunities with doing the proper research? I think it's because they get so sucked into the hype that they think with their emotions rather than doing the proper research. This lens is to help you learn how to research a company.
New Table of Contents
- Michael Dlouhy helped to educate me....
- Pillar #1 Company Management Experience with Integrity
- Pillar #2 Timing in the Company / Timing in the Industry
- Pillar #3 Remarkable Product
- Pillar #4 Compensation Plan That Pays Part-Timers
- Question?
- Pillar #5 System for Success
- More Red Flag Warnings....
- MLM Lead Scam
Michael Dlouhy helped to educate me....
5 Pillars of Success
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Pillar #1 Company Management Experience with Integrity
Do a Google Search
It is a good idea to Google the Company. You can type the name of the company then type 'scam' and see what comes up. You can also Google the name of the owner or the big up-line Guru. Do you see a lot of negative or even any lawsuits.1 point
Beware of Companies pressuring you to invest in large quantities of products
Some companies will encourage you to buy your way to the top. This is a huge big flag.1 point
Read your Policies and procedures.
If the policies are more than 5 pages long, this could be a red flag. If you need an attorney to help you decipher it, then that may be a red flag. Keep your eye out for words like, "terminate" or "ongoing".0 points
Give your honest Answer...
When I signed up with my first company I was so sucked into the hype and excitement that I didn't read the policies and procedures. After being educated, I learned that not only was I NOT in a 5 Pillar Company, but there was a clause that said they could terminate me for any reason without cause. I am no longer with that company.
Pillar #2 Timing in the Company / Timing in the Industry
Beware of Start-up Companies or Companies younger than2 years old
Give the company a chance to go through some growing pains and fix any problems.1 point
Pillar #3 Remarkable Product
Is there a real product.
Ask yourself this question... "Would I buy this product if there was no business opportunity attached?" If your answer is no, then run the other way. This may very well be a pyramid scheme which is illegal.2 points
Will your customers buy the product at retail?
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.0 points
Pillar #4 Compensation Plan That Pays Part-Timers
Understand the Comp. plan
A good pay plan is a plan that pays the most, for the least amount of people, in your organization.0 points
Question?
If you were offered two jobs that were exactly the same and one paid $6 an hour while the other paid $20 an hour, which would you take?
Well Duh! Of course you would take the second job.
An MLM shouldn't be any different. You need an MLM that pays the part-timer!
You deserve it right?
Pillar #5 System for Success
You must have a system for success. People are not duplicatable, but systems are.
Do not treat your business like a numbers game.
People are not numbers. They are real people just like you with hopes and dreams.0 points
Can Anyone use the system?
You need to have a system that anyone can be successful with.0 points
More Red Flag Warnings....
- Can you buy your way to the top? - scam
- If you can't pay with a credit card and must pay only with a money order or cash...- Run as fast as you can in the other direction - scam
- If your company tells you you must have a Merchant account to process your customers credit cards...Red Flag.
- Does the company encourage you to invest large amounts of money for advertising and leads. This is a scam. You don't need to buy leads to grow a business.
- Worse, Is your up-line telling you do buy leads from them? They are probably getting a cut and making their money off of selling leads, not the business.
- Does the company flash large checks at trainings or on the website? This is called enticement and is against the law in most states.
- Did someone say... "We will build it for you". That is a lie- Run!
MLM Lead Scam
Learn why buying leads is a scam!
Fetching RSS feed... please stand bySo what if you are already in an MLM but you are struggling to be successful?
Here are some sites with some really good resourses for you.-
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Buying Leads! The biggest Lie of All! Are you going broke buying leads for your network marketing business? You are not alone and it is not your fault. You simply got sucked into the hype and lies like I did. My goal with this lens is to help you u...
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Please post a comment. Did you find this lens helpful?
ekurit wrote...
Points are well made and facts are quite true. Good content. Looks like you did your homwwork.
Posted April 30, 2009
allymay wrote...
This lens looks like a very good guide on avoiding MLM scams! Very useful! 5 stars!
Posted February 12, 2009
Gayle wrote
Gee I did the 5 pillars without knowing about them. I'm glad about that -seeing them in print makes me feel even more comfortable about the leap into MLM I've made. Never sold a thing in my life before but with a good company and good concept I'm actually enjoying it!. Selling a group power saving scheme and what's more when I get a check from a new member I get my check from the company a week later and I dictate, when and how much I work. No get rich ideals for me. You make some very good points. Thank you. If anyone wants to contact me check out my unrelated Kiwis in America squidoo page. Cheers.
Posted January 29, 2009
Brilliant Lens - loads of useful and informative info
Have a look at my lens
Any feedback or ratings would be appreciated.
Posted January 29, 2009
It was indeed a great lens with nice collection of ideas and articles. A great read but need lot of time to read for sure.. lol... It is going ot be one of favies...
Have a look at my lens
Posted January 29, 2009
by WendyKrick
I discovered Squidoo... (more)
