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Five Factors to Consider When Choosing a Good Network Marketing Company
| Guest post by: Kris De Leon |
Article Overview: If you are reading this article, you are probably in the process of choosing a network marketing company, or wondering whether or not you chose the right company. If you already found a network marketing business that you are happy with, great job on making the right choice! You are on the right path towards enjoying the benefits of a network marketing, such as enjoying the residual income through owning your business, and continuing with your personal development as you are guided by your mentors. But if you’re wondering how to choose the right network marketing company, I recommend keeping the five points below in mind.
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Free Download - Winning Market Share in a Tough Economy By Kris De Leon |
Five Factors to Consider When Choosing a Good Network Marketing Company
If you are reading this
article, you are probably in the process of choosing a network marketing
company, or wondering whether or not you chose the right company. If you
already found a network marketing business that you are happy with, great job
on making the right choice! You are on the right path towards enjoying the
benefits of a network marketing, such as enjoying the residual income through
owning your business, and continuing with your personal development as you are
guided by your mentors. But if you’re wondering how to choose the right network
marketing company, I recommend keeping the five points below in mind.
1) Executive Leadership –
there are a large number of network marketing businesses in the market, and
many often hype up to their prospects promising to be the next Amway, NuSkin,
and MonaVie. Before joining, you should look at the background of the executive
team and find out whether they have a solid track record of building up a
successful MLM business. If they do have a solid track record, they have a
better chance of succeeding with building a new company because they have
strong experience under their belt. They already know what type of mistakes to
avoid, and how to create and execute a successful blueprint in building up a
business. If the company has been in existence for less than 3 years, having an
executive leadership team with a solid track record is even more critical.
2) Field Leadership – strong
mentorship and personal development are critical elements for your success.
Over 95% of people quit during their first 3 months because they lack strong
leadership. If you’re looking at companies, ask your sponsor about the training
and relationship they have with their mentors, if any. And ask yourself if you
believe that your sponsor is committed to your success in this industry? Good
mentors would value that “You’re in the business for yourself, but not by
yourself.”
3) Timing – is the company’s
products found in the industry that’s growing, even during this recession? Examples
of fast growing industries include health and wellness, education, and the
Green sector.
4) Uniqueness of the Product
– If your company is in a highly competitive industry, like health and
wellness, does the product or products offer something quite unique and value
added? Is the product in high demand, and will it remain in high demand for the
years to come?
5) Compensation plan - Is the plan easy to understand and explain? Does
it reward new associates who sponsor a couple of people, or do you have to
sponsor a large number of people in order to make a decent income? I suggest asking
for average annual incomes at different levels of the company to get a picture
of what people are making. You might want to ask how long it will take to reach
a desired income level.
Good luck, and keep these
five factors in mind when you in the process of choosing a good network
marketing company.
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Referred by: http://www.AndyAcci.com
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About the Author: Kris De Leon RSS for Kris's articles - Visit Kris's website Here are some of the challenges and problems I help solve for entrepreneurs and small business owners: - Help them gain clarity on their target market and ideal customer profile, and making sure their marketing message is crystal clear to them - Help them to drive targeted leads to their online profiles - Help them create an engagement strategy that gets their followers to actively participate, and rave about their business to their network of followers - Help them convert their followers into paying customers, and get their followers to spend with them time and time again. - Help them measure the results of their online marketing and social media campaigns so that their time and money is best spent on activities getting them results Prior to my career in online marketing and social media, I have strong international experience with a solid track record of building businesses in Japan and the U.K. I graduated from the University of Pennsylvania in 2000, and have a strong passion for adventure travel and learning new cultures. I speak business-level Japanese after living over 5 years in Japan, and I am also a certified Scuba Diving Assistant Instructor with PADI. Want to generate more customers and improve your bottom line? Grab your FREE copy of my E-book 5 Steps to Creating a Successful Facebook Marketing Campaign, and learn the proper way to build your fan base and convert them into paying customers. Click here to visit Kris's website   Facebook Marketing Campaign |
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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.
Network Marketing Business
- Hello all,
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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