One of the biggest decisions that any internet marketer will make is deciding what MLM or Network Marketing company to join. I am talking here specifically about internet marketers as opposed to home business owners or people who only want to distribute for one company because I really see that there is a distinct difference here.
To me an internet marketer is someone who has a range of internet marketing skills and who is seeking to add yet another income stream to their arsenal. So in essence whether it’s the first MLM or Network Marketing Company you are looking to join or whether it’s another one to add to your list, here are my top tips on how to know you have found the right company for you.
One of the most important aspects of growing a successful business, is having a real authentic passion for the products. The type of product you decide to promote will depend on your individual choice. It doesn’t matter how good the compensation plan is or even how supportive the up-line is.
Believing in the products will go a long way to ensuring that you are successful in your MLM or Network Marketing Company.
Ask yourself these questions:
- How close are the products to your Niche?
- Do the products compliment your niche or other MLM/Network Marketing Company?
- Do you have a similar product you already use?
- Do you already have a large customer base that would benefit from these products?
Sometimes it is easy to get caught up in the promises of financial freedom, listen to your heart and intuition and be sure that you do have a real passion for the products.
Do you connect with the Sponsor
Whilst we all need to start somewhere, make sure you are comfortable with your sponsor. Remember you are starting a business and it’s alright to question your potential sponsor.
Treat it like you are interviewing them for the position of training and development manager for your company.
If you are building a business you need to treat it like one, don’t be railroaded in to joining up with any old sponsor. When you are looking for a sponsor you are also looking for a leader, it needs to be someone you can rely on, who will help you out, will answer questions and who you can call a friend.
Ask yourself these questions:
- How much social proof do they have?
- Are they well known and respected in the industry?
- Do you feel comfortable with them?
- Have they got your best interests at heart?
It’s all about the Training
Having access to free training is always a big plus as long as the training is quality and cutting edge. Dependant on your personal preferences having access to both traditional and modern network marketing methods is advantageous. So before you join up with your sponsor ask them what they have to offer you in terms of:
- Example Emails
- Conference Calls
- Getting Started Packs
There is nothing worse than joining a MLM or Network Marketing Company only to find you have little if no support from your sponsor. The great thing about communities is that they are continuously growing which means there will always be someone to reach out to. You will be able to find more likeminded people. Form long lasting relationships and mastermind groups.
Many great Join Ventures have been created in communities like forums and Ning Communities. Communities also allow you to step up and show that you are yourself a leader, who is willing to share your own knowledge and help others become successful.
I can’t stress how important it is to be part of as many communities as possible within your mlm or network marketing company, whether it’s on Skype, Facebook, Twitter, Ning.
Before signing up for your next MLM ask your potential sponsor what they offer in terms of communities and if you can speak with their up-line and other members of the team, if this isn’t an option for you, alarm bells should begin to ring.
Research the Market
There are tons of drink companies and health companies out there. Whilst there is no denying that the health and wellness industry is continuing to grow, the market is also becoming saturated and whilst I wouldn’t want to deter you from a company you feel passionate about, I do want you to consider if the company you are thinking about is unique.
Is there any competition out there? If there is competition, how does your company compare to the others in terms of start up costs, monthy costs, compensation and the quality of the products? If there isn’t any competition be sure it’s because your company is revolutionary and not because there is no requirement for the products in the market place.
Social Media Friendly
Now that fact that you are reading this on my blog, I am going to assume you know something in the way of social media and social media marketing. The reason why I am throwing this into the mix right now is that; believe it or not there is still some network marketing and MLM companies that are not completely ready for Social Media, nor do they allow you to use social media to build your business. With that being said read the company handbook back to front and if you are still not sure, ask your sponsor.
Social Media is here to stay and with more and more people getting involved, asking someone to join a company that isn’t social media compliant or friendly is going to be a hard sell for you in the future.
The Compensation Plan
I am not going to go through each and every type of compensation plan with you, we would be here all day. There are so many different types and each company has its own structure and pricing structure anyway. The basic principle of any good compensation pay should be both easy to understand and with a little training it should also be relatively easy for a new distributor to explain.
As a general rule the more complicated a compensation plan is, the harder it will be to explain. If your prospects can see that your compensation plan is easy to understand and explain, they themselves will feel more confident in their ability to join your business. Don’t get too dazzled by all the bonuses on offer, be sure this is a model that you can be successful with.
Last piece of advice don’t sign up for the first business that comes your way. It can take time to find then right company for you. Trust your intuition and find a sponsor that is committed to your success.
Let me know how you get on,
Republished by Blog Post Promoter