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How To Choose The Best Network Marketing Company: 3 Crucial Choices, Part 1
Written by: Laurie MonahanArticle Overview: Personal experience speaks volumes and here are 3 crucial question, in a longer series, that one must ask before joining any network marketing company. These questions and answers gathered from experience will save you thousands of dollars, years of wasted time and a great deal of heartache. Question #1: Does the company have a solid and highly tested marketing system in place for you to plug into? Answer #1: You are looking for a tightly constructed turnkey.... Question #2: Does the company allow online marketing NOW? Answer #2: Look for a company that will train you in Internet marketing..... Question #3: Does the company have a lucrative enough compensation plan allowing you to replace your income in 6-12 months? Answer #3: Look for a company with high end products $500-$1000 This is the first article in a series.
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Free Download - More Millionaire Secrets for Network Marketers By Laurie Monahan |
How To Choose The Best Network Marketing Company: 3 Crucial Choices, Part 1
A new set of 21st
century parameters for the network marketing industry has emerged and it’s
extremely important to learn about the crucial choices and decisions you have to
make at the onset, as an educated entrepreneur, in order to succeed. Those
defining choices are not so easy to decipher for a person new to the
industry. It is also safe to say
these choices are not so easy to decipher for those already in the industry
either. Many people remain in the
“school of hard knocks” continuing to lose money as they jump from company to
company in hopes of the success so possible in this great industry.
Experience
can eventually teach us if we work intelligently and today I hope to help you
learn from my early experience of failure in network marketing with a company
of high integrity producing the top products in their niche! I believe implicitly in the integrity
and quality of this company, however I was never able to make more than $200
per month no matter how hard and long I worked! Bottom line: I did not turn a
profit on the thousands of hours and dollars invested but instead only racked
up an increasing amount of debt and despair!
The
reasons for failure were numerous but in this article let’s turn to the first 3
crucial questions you must ask in any opportunity and the answers you are
looking for. It is absolutely
imperative that you answer these to your full satisfaction before joining any
company, no matter how unique or in demand they claim their products to
be! This is a critical part of
your due diligence.
Question
#1: Does the network marketing company have a solid marketing system? This is
central to why 97% fail and you want to be in the 3 % that succeed! Most
companies expect you to begin marketing to your list of 100 family members,
friends and colleagues, place ads in newspapers and magazines, or buy leads
where you can waste hundreds of hours and dollars talking to mostly unqualified
leads. These systems, for
beginners and the experienced alike, are like throwing jello at the wall! Sponsors will say to you: “Don’t give
up. All you need to find is a
marketing method that suits you, 2-4 leaders and your business is built.” Wrong! That method may have worked well in the ‘90’s, however times
have changed.
Answer
#1: Look for a proven,
duplicatible marketing system that has been tightly constructed for you to plug
into – a turnkey system. The system should be ready to set into motion for
creating a solid and growing funnel of leads. Your training should begin with
the free methods of marketing and eventually progress to and include Google
Adwords marketing for attracting leads.
These leads should then move through a highly crafted funnel of
thoroughly tested and optimized Internet pages designed to fully explain and
invite prospects into the business.
In other words, this part of the “heavy lifting” in marketing should be
done for you.
Question
#2: Does the network marketing company allow online marketing? Many network marketing companies do not
allow online marketing until the associate reaches a specific level of income
generation. This means you need to
generate a down line with thousands of customers at an average commission rate
of $20-$200 per customer in order to reach the allowable level in most
companies. These are daunting
numbers, as is the need to generate 100-200 leads per week and try to talk to
them all. This is easily a 60-80
per week job without the Internet to present, sort and sift for you.
Answer #2: Look
for a company that has a strong Internet marketing belief and will train you to
compete and harness 21st century Internet marketing techniques! You want to work smarter. This is crucial. There are 1.4 billion people with
Internet access and this is exactly where you want to focus your marketing
efforts and dollars. Just think of
where you go first when searching for an item or beginning research: the World
Wide Web.
Question
#3: Does the network marketing company have a lucrative compensation plan
system? You cannot bank your
future on small 10-20% up front commissions for $20-$200 products and then look
to retire later on greater residual income. At this rate it takes the vast majority of people years and
thousands of customers and/or associates to bring the business up to a
sustainable level of residual income.
Here is where 97% of people fail in network marketing: they run out of
stamina and sustaining capital before accomplishing the goal of a full-time
residual income.
Answer
#3: What you are looking for is a compensation plan that pays at least 50% of
the retail price up front in commissions plus a residual income. What makes this possible is looking for
a company with products selling for at least $500-$1000 upward. This level will get your business off
to a far stronger start and build commissions plus residual income that you
will see within your first 6 months.
In summary, take a hard look at these three questions and if
you are a diligent and teachable entrepreneur, you absolutely have the
opportunity to generate a five or six figure income within the first year.
Check out Part 2
of this article for the next 3 three critical questions to ask!
How to Find the Best Online Business Opportunity
The Best Network Marketing Company
How to Create Multiple Streams of Income - Online
Network Marketing-how to succeed not fail
Why Network Marketers Are Afraid Of Working Online.
Referred by: http://jaykubassek.com
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About the Author: Laurie Monahan RSS for Laurie's articles - Visit Laurie's website 
Laurie Monahan has 3 years of network marketing experience that is reinforced by 30 years experience marketing her two professional classical music groups’ concerts and recording careers, and 30 years experience as a conservatory teacher training and mentoring graduate students. She now enjoys the linear move and expansion into network marketing with the stimulating challenges of doing internet marketing for her home based, direct marketing business. She is a Master Consultant in her company. She finds network marketing on the internet to be the perfect companion to her music career as she can take the business on the road with her and work with team members no matter where travels take her. Laurie is looking for individuals to join her team who are independent, have a strong entrepreneurial spirit, are teachable and who are seeking an opportunity to be mentored in successful redesigning their lives and creating financial independence. If you would like to be considered for master marketing training, be interviewed to join an excellent company and a team of top producers within that company, visit her websites today:http://www.MLMStressRelief.com?t=evan, http://www.youtube.com/user/LaurieMonahan1, or call 781 308-2575. Laurie currently lives in Boston Massachusetts with her beautiful teenage daughter, three wonderful cats and teaches part time at a conservatory in Cambridge.
Click here to visit Laurie's website   How To Choose The Best Network Marketing Company Part 3 Who says No or Yes Millionaire Secrets for Network Marketers The Beatles More Millionaire Secrets for Network Marketers How To Choose The Best Network Marketing Company 3 Crucial Choices Part 1 Secrets of Successful Entrepreneurs Strategies for Home Based Business |
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Why do people hate Network Marketing / MLM?
- I've been looking at a number of different opportunities and end up meeting a lot of Network Marketing / Multi-Level Marketing people.
Some of the offers look interesting but everyone I talk to about it says to avoid these guys like the plague - what's the deal? Why do people hate network marketers and MLM people so much?
Is it not legit?
Re: MLM Marketing, youtube, and buzzirk mobile.
- I have experience with MLM too. My initial reaction to the business was "snake-oil salesman" but once I got to understand the "overall business model" I am now an advocate to it.
MLM (Multi-Level Marketing) is also known as Network Marketing. I realized an MLM business is no different than any other business. One needs to focus on both words "Network" and "Marketing" and give both equal respect. Some people focus heavily on the Networking part but forget "Marketing".
I've started to use Building on a Budget and Magnetic Sponsoring concepts in my NM business and have found that people don't get involved so much because of the product but more because of what you bring to the table as far as marketing systems and support.
I have both products listed in my signature. you don't have to buy it as the link to the free videos itself provides you a good understanding of what is required to position yourself as my above paragraph.
If you do plan on purchasing it I can tell you that the measly $40 will open your eyes BUT your upline will not be too happy (atleast in the short term) beacuse the system is not duplicateable.
I wrote this post as a polar post to Bulmer's reply as I have exhausted the friends and family networking and realized i never really focused on marketing. My leads now are more qualified and open to hearing about my opportunity than the other way around.
my 2 cents if you plan on growing an MLM or Networking Marketing business.
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Recently, I had join a Network Marketing Business on a part-time basis. Does anyone here who has some knowledge on this type of business? I want to learn as fast as I can from all the gurus here
10 best franchises to get involved
- My advice is:
1) Go to the library and start reading business books (accounting, finance, etc.)
2) Go to your local community college and enroll in night classes
3) Join the local Chamber of Commerce
4) Network / Network / Network -- through the above sources.
Once you have spent two years doing the above, then look for a 55 - 60 year old business person that is looking to reduce their time in the business. Then you can work on a sweetheart financing option.
Re: answer this question
- This is a good topic. I haven't done anything, yet, to seriously damage my business. I did shift gear though. It was the best decision I ever made. For me, affiliate marketing was not working. Making the switch to Network Marketing made all the difference.
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