Because not all network marketing or direct selling businesses are created equal and spending the time upfront, at the start, to do your due research can pay of big time later. So here are a few things you need to consider before you make the final decision :
How long has the company been in business? Are they privately owned or publicly traded. Who is the managing team and what real world experience to they have in operating and growing an International business? Where are they open for business and can the goods readily be shipped into different states without custom issues?
These are all vital questions because most new, ground-floor start up corporations fail inside five years. Not some. Most. So while it may seem like getting in on the ground floor is an advantage, in many cases, it should be a massive danger signal because the odds of this new start up company surviving is extremely slim and your best chance of success is to join a proven MLM business opportunity with a proven record which has been in business, on a steady expansion curve, for a minimum of 5 years.
Another thing to consider is the cost of the product and services. Ask this one question, "Would the typical individual buy this service or product from this company at this price, under normal market conditions, if a MLM business opportunity wasn't attached to it?" If you can't truthfully answer, "Yes" then you shouldn't join this company.
The rationale is only economics. Understand most people who start in MLM will sponsor and recruit less than 3 folk their whole careers. To paraphrase, most people never do what's important to succeed in their new business. So if these people are required to make a once per month acquisition of a product or service they would not normally buy at that price... They may cancel their autoship and give up. Which is why the yearly attrition rate, the drop out rate, in several internet promotion firms is commonly in the seventy to 80% range. And any attrition rate higher than twenty percent yearly will make building a profitable business fast very challenging.
So the best MLM business opportunity is one that has a good product that folks already use at a price comparable to what they are already purchasing. If they're used to paying $35 for supplement they already use and are now asked to pay $75... If they do not build the business they may shortly give up and return to paying $35 per bottle.
Next thing you should seriously consider before beginning any new business is how, specifically, you propose to publicize, market and pitch your new business. Because the final analysis is you will not make any money till you sell a lot of products and sign up a lot of new team members. So what's your plan? Because even the best MLM business opportunity out there won't make you a cent unless and till you effectively and efficiently market and promote that business.
How long has the company been in business? Are they privately owned or publicly traded. Who is the managing team and what real world experience to they have in operating and growing an International business? Where are they open for business and can the goods readily be shipped into different states without custom issues?
These are all vital questions because most new, ground-floor start up corporations fail inside five years. Not some. Most. So while it may seem like getting in on the ground floor is an advantage, in many cases, it should be a massive danger signal because the odds of this new start up company surviving is extremely slim and your best chance of success is to join a proven MLM business opportunity with a proven record which has been in business, on a steady expansion curve, for a minimum of 5 years.
Another thing to consider is the cost of the product and services. Ask this one question, "Would the typical individual buy this service or product from this company at this price, under normal market conditions, if a MLM business opportunity wasn't attached to it?" If you can't truthfully answer, "Yes" then you shouldn't join this company.
The rationale is only economics. Understand most people who start in MLM will sponsor and recruit less than 3 folk their whole careers. To paraphrase, most people never do what's important to succeed in their new business. So if these people are required to make a once per month acquisition of a product or service they would not normally buy at that price... They may cancel their autoship and give up. Which is why the yearly attrition rate, the drop out rate, in several internet promotion firms is commonly in the seventy to 80% range. And any attrition rate higher than twenty percent yearly will make building a profitable business fast very challenging.
So the best MLM business opportunity is one that has a good product that folks already use at a price comparable to what they are already purchasing. If they're used to paying $35 for supplement they already use and are now asked to pay $75... If they do not build the business they may shortly give up and return to paying $35 per bottle.
Next thing you should seriously consider before beginning any new business is how, specifically, you propose to publicize, market and pitch your new business. Because the final analysis is you will not make any money till you sell a lot of products and sign up a lot of new team members. So what's your plan? Because even the best MLM business opportunity out there won't make you a cent unless and till you effectively and efficiently market and promote that business.
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