Everybody Chases the BEST Network Marketing or MLM Business
I will also recommend what I believe is the ONLY successful way to work a Network Marketing business. It's new, it's radical and it's BOOMING big time.
Interested in Network Marking but unsure which Company is the BEST one
They all claim they have the best model, but do they. Who do you believe?
If you are looking for a Network Marketing business to join you will undoubtedly be asking yourself at some point in time, "What is the BEST one?".If you are already in a Network Marketing business then you will undoubtedly ALSO be asking yourself at some point in time, "Am I in the BEST one?"
Most people will look for a Company to offer all of the following attributes but you are going to be pushing it trying to find the PERFECT MODEL
1. Entry cost should be FREE or minimal.
2. Look for multiple streams of income within the compensation plan.
3. Affiliate programs attached to your business are advantageous.
4. The Company must have International representation.
5. The Company must be well established - at least 10 years minimum.
6. Compensation plan includes a residual income.
7. Ongoing training resources are clearly evident.
8. Team support is critical. It doesn't matter if they are not in your country of origin. The internet has made the world very, very small.
9. A 100% satisfaction guarantee - NO RISK.
10. Must have a point of difference but be able to market itself to 100% of people.
11. You should be able to use the latest internet resources and the latest marketing techniques to promote your business.
12. The product range must be extensive - limited product range limits consumer attraction.
13. Products should be unique and consumable - this enhances product turnover and therefore your income.
14. Avoid bulk purchase programs - can be hard to retain a customer base.
15. Customers shop direct - no selling products or collecting orders - avoids the requirement to make personal Retail Sales to generate income.
16. There must be experienced, strong company management - at a minimum they must be able to show you evidence of their growth in annual Sales.
17. Product discounts and membership benefits with a monthly order - if the customer purchases on a regular basis they should be entitled to additional benefits. Loyalty is important for customer retention.
18. Demonstrated high reorder rate - guarantees your income stream.
19. Products must be reasonably priced and of exceptional quality - they don't have to be the cheapest.
20. You must feel comfortable with the integrity of the company.
Some of these things you may also consider but are more of a personal preference.
Party plan - you may have flair for these types of Companies but Distributors can tend to run out of steam. In saying that some of the biggest companies have successful party plans as there main sales strategy.
Gender specific programs - there are a significant gender specific programs that are very successful but it can narrow the SALES target market.
Serviced based companies rather than Product based - there are a number of very successful Service based companies in the market which may fit your personality better than a Product based company.
Single product line companies, - those companies that specialize in one product generally have a very unique product. You may be much more comfortable with this "Specialized" focus.
Retailing - Many companies do give you the option of creating a Retail Sales income stream as part of the program. There seems to be a shift for many Networkers away from the need to complete Retail Sales to generate income.
Top Tier Direct Selling - There is a big momentum shift towards these companies at the moment for a variety of reasons.
Advantages of Top Tiered Direct Selling
a] They pay much larger up front commissions ranging in the thousands of dollars per sale rather than ten's or hundred's of dollars.
b] Building a downline is not required to make good money. No major duplication required.
c] Not totally reliant on residual income to generate income although residual incomes are attached to most plans.
d] No requirement for customers to purchase each month.
e] Faster income stream rather than 2-5 year plans most MLM's are associated with.
f] Generally have a niche product [this is good]
Disadvantages of Top Tiered Direct Selling
a] There is a higher cost to start up, around $1000. Still cheap really for your own business but not everyone has cash available.
b] The products or services are more expensive - have to be if commissions are larger.
c] They are generally serviced based rather than product based.
d] No 100% guarantees attached - when is there really.
Well how are you feeling about now....CONFUSED. I bet you are.
So, what one do I Recommend for you?
I am not going to name a specific Company because we are all unique people and we all see things and appreciate things differently. What I believe is the best Company for ME doesn't mean it is the best for YOU.
For instance you may love to do Party Plan because you love socializing with groups of people and the products are something you just love. However the next person just wants to work entirely on the internet and provide services and not a physical product.
We will each have our own preferences and analyse the risks and our current income levels to match the financial commitment required.
For the record I prefer the Top Tier Direct Selling.
MY RECOMMENDATIONS ON HOW TO BUILD A NETWORK MARKETING BUSINESS.
Now that's easy and I will make some recommendations in that respect.
Firstly you need to be embracing the Attraction Marketing method NOT the Solicitation method.
The leading teacher in the Attraction Marketing industry is Mike Dillard and he is re-writing the success ratio's of the network marketing industry. If you are not using Attraction Marketing then you are making a BIG mistake.
Complementing this shift in business building methodology is a sensational online STRATEGIC AND SYSTEMATIC MARKETING SYSTEM CALLED MLMLeadSystemPro. Many of the Top Earners in the industry are using these Marketing Strategies and I would strongly recommend you look at both Mike Dillard and MLMLeadSystemPro to grow your business whichever one you choose.
The other reason why MLMLeadSystemPro is so successful and powerful is that it is a FULLY FUNDED proposal.
What this means is you will generate income from people who not only join you in your business but from those who don't join you in your business. This will well and truly pay for your Marketing expenses.
Where do I go from here your asking?
Once you have chosen your business and I cannot help you with that but once you have...... start marketing it and yourself the RIGHT WAY and not the OLD WAY.
The key to success in this Industry is in three very, very critical areas.
1. Marketing the RIGHT way - do not use 50 year old methods in today's modern era.
2. Plug into a Marketing System that has all the tools you will need to succeed.
3. Find someone you TRUST, who will HELP you, and show you HOW to build a business.
I hope you have gained something from this information. Good luck in your search for the right business for you.
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- EricStifel EricStifel Sep 3, 2008 @ 9:02 am
- It certainly can be overwhelming with all the choices out there, thanks for you input, I feel a little wiser then I was before I opened this lens. You point out a lot of very important facts a person should consider before jumping in to this gigantic pool of network marketing. I also knew the Spiderweb was lurking in here early as I was ready and found it at the end...LOL I'm a member too.
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