Network Marketing-A Few Golden Rules for Choosing the Right Company For You

How do you go about choosing the right network marketing company for you? I’m know this is a decision that can turn your life around and lead you to financial freedom. But that is going to happen only if you’re careful enough to let it happen! There are a few things you should really look out for when choosing your network marketing company. When you set out to give Network Marketing a try, you’ll find out that this was just the easy part! The hard part is choosing the right network marketing company for you. With all these so called “opportunities” that flood the internet, you should be very careful in choosing a work at home business. To help you, I have put together a golden rules to help you with your decision.

Rules for to Choosing the right Network Marketing company

Rule #1 : Try to avoid “get rich quick deals” Now that’s a golden rule! Usually, when something sounds too good to be true then it probably is! I know these sound appealing and of course you would like to get paid for doing nothing (so would the rest of us!). But don’t you think that if these people had the magic solution to making big money they would use it instead of trying to sell it to you for whatever price? It’s sad to know that so many people end up feeling frustrated when they realize that they have wasted their time and hard earned money. There are no magic tricks! Commitment and hard work instead, can make you rich.

Rule #2 : Find a program that you really like and can work with. Another rule that’s essential! Say that you come across a program that requires you to sell life insurance. You hate insurance people, you think they’re full of hype. So what, the compensation plan looks great! What would you do? Would you join the program? Could you picture yourself selling life insurance even if you hate the very idea? The answer is that you’re never going to make any money doing something you don’t like! The point I am trying to make here is, that you should go on and find out everything there is to know about the program you are interested in. Just spend some time doing an essential reading through the available material (company website, related articles etc). Try to get an overview of how the system works and if you need more information or if you get confused , go ahead and ask the person who referred you to the program for help. Doing your homework always pays off.

Rule #3 : Make sure you know exactly what you’re getting for your money There are just too many companies out there that present you with sales letters as long as a book but not even a hint as to what you are actually getting in return! If the product they’re selling is that good and is going to make you so much money, why hide it? Why only mention it in the last few paragraphs? Ok, I know, it’s the way sales are closed. Still, you would like to know exactly what you’re buying. It could save you a lot of grief! Rule

#4 : Perform a background check on the company. The longer it has been around, the better. This way you know that you’re dealing with an established company that will not go bankrupt 4 months after you join! It has been known for people to lose their online businesses and commissions owed to them for this very reason. Choosing a quality company is essential but can prove critical to the survival of your work at home business.

Rule #5 : Make sure you’re going to get all the help that you need. It’s just typical for someone to join a program, pay his membership fee or buy a product and then be left in the dark, not sure what on earth to do next! Again, I’m repeating myself here but this is important, try to get an overview of how the system works, who your upline people are and how they can help you. If you need more information or if you get confused, go ahead and ask the person who referred you to the program for help. In this way not only will you get an idea of how the program is structured but you would also be testing your referrer to see if he/she will respond promptly to your need for help. But first, you have to have an idea of how the program works.

Rule #6 : Check out the compensation plan. Ok, so you’ve joined a program which, hopefully, is going to make you rich. Do you know how this is going to happen? It’s not necessary that you know every detail about the compensation plan from the first day that you join. But still, wouldn’t you like to know if you’re getting 5% or 60% commission on an average sale? After all, it takes the same amount of effort to generate a sale. Wouldn’t you like to be paid more?

Rule #7 : Do not spend much at the beginning. A legitimate work at home business should be able to operate at a minimum/low cost. You should not have to invest a lot of money in any home business. At least not in the beginning. When you do decide to invest some money into your own home business, this should be your own decision, not someone else’s and must arise from your understanding that a business is what you make it.

There are more rules that I can add to these and make a really long list but this is not my goal. My goal is to provide a clear path, a few steps that should be easy to follow through the minefield of schemes and “get-rich-quick” deals to a company you can really trust. Using your own common sense is as important as having these rules in mind when looking for an opportunity or a work at home business. Your decision to join a program should be the result of considering facts and should not in any case come from mere curiosity. Keep in mind that there are very few true work at home opportunities out there and you have to weed through them so you end up choosing the right network marketing company for you!

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Comments

Louise Steiner says:

07/21/2011 at 5:13 pm

Hi Angela….these are all really valid points in finding the right network marketing opportunity and I wish I had seen a list like this when I started out in MLM. I had no idea what to look for and I think most people are in the same boat. Hence few people make a success from their first MLM experience.

For me the most important factor is finding someone I can work with, who shares the same work ethics that I do and who is enjoying success. Most of us need training when we first join a MLM and having someone who is ahead of the curve to work with is in my mind the key to success…..along with hard work and being prepared to operate outside of your comfort zone of course.
Louise
Louise Steiner´s last [type] ..Does Your Blog Resemble A Ghost Town? How To Turn Your Blog Into A Busy Hub!

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Eldon Beard says:

07/26/2011 at 7:16 am

Good points Angela. Rule #2 also applies to products – you really need to like your products and have a “connection” to them if you want to be successful in network marketing. Sometime all the emphasis is put on the compensation plan and income potential, and that is very important too, but if you’re not sold on the actual products themselves that can hold you back without you even realizing it.
Eldon Beard´s last [type] ..The Four Secrets to Home Business Success
Twitter: eldonbeard

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Ben says:

07/31/2011 at 12:36 am

Angela, I absolutely concur with these. I would add a few that I’ve learned both from Andrew Hewitt and Tim Sales, and I’m curious about your thoughts on each of them:

1. Must be part of a huge expanding market. If you had a passion for vinyl records, that’s great but it won’t make much money today

2. Timing – be in front of large trends. Baby boomers (1946-1964) are the biggest trend-setters. First the trend was baby food and diapers (Gerber), then elementary schools were built, then fast food chains, then real estate, then discount super stores, and now it’s health, looking younger, education, retirement, security, and money.

3. Founder started the company for a purpose he was passionate about. Does network marketing fit into the vision, or does the vision fit into network marketing? The former has the foundation, the latter does not

4. Focus on helping people, not selling to people. Speaks for itself. Seller talk is the verbal B-O

5. Regarding performing a background check on the company, I’d definitely look for a good reputation and having been in business at least 7 years.

6. Is the product unique and consumable? When the product’s not unique, you compete on price and convenience. When it’s unique, people must come to you. When the product’s consumable, you benefit from repeat business and are not “unemployed” between sales.

7. Is the product distributed through online resources? Can people go online and reorder the product so they don’t have to depend on you being there. Great way to create leverage.

8. Is the product capable of creating word-of-mouth buzz? Speaks for itself. Network marketing is based on word of mouth

9. Regarding the compensation plan, I’d argue binary is the one to look for. It fosters teamwork instead of team competitiveness, you get paid weekly, and no limit to the number of levels you get paid. A problem does exist when one leg is doing much better than the other, but many companies have a matching bonus to circumvent that problem.
Ben´s last [type] ..Happy July 4!

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