All Network Marketing Companies Are Not Created Equally
by Joseph Demasi
Did you know that every year over 500 new MLM/Network Marketing Companies are started. Within a 2 year period over 90% will fail. 5% will be treading water and the remaining 5% will last over 3 years. Can people make money? Yes. Those that get in first. The ones that get in near the end, well they lose and MLM/Network marketing gets another bad mark.
Did you know that in the US 90% of the businesses that are started on a yearly basis fail within the first 3 years. It is hard to run a business these days. It is very important to choose carefully when you start a business. There are really 7 critical elements that a MLM/Network Marketing company needs to give you the best chance for success.
Did you know there is a such thing as MLM Minimum Wage? That is when you are working like a dog to make $200-$300 a month. Is that any way to live? Of course not, we all want to work less, not more in our home based businesses.
What are the 7 things you should look for?
1. Unique Products: Products must serve multiple different Market Categories, Products must be unique enough to get Patents, and the Products have to serve the Masses. There is a problem if the company has only a few products or product lines. The more the better. Are the products something you will use regardless of the business opportunity? This is very important.
2. Company Stability: The ability to give you long-term business and financial security, based on their company and business history. Minimum 10 to 20 years using the network marketing as the primary method of distribution of products. This way the company has been proven and has survived the test of time.
3. Marketing System: The system must be Simple, Duplicatable and Proven successful for the average part-time person (NO SELLING). Can anyone plug into it and be successful? We are not talking about referring someone to a corporate website.
4. Company Management: Must be led by already Successful Leaders in Business with a Vision for the Future Growth. What kind of experience do the leaders have? Are they successful business people with a proven track record of success?
5. Global Reach: Must be groundfloor in their Global Expansion. Are they in every country already or are they in a few countries, but with plans for global expansion? You want a groundfloor global opportunity.
6. Compensation & Incentives: Maximize your income based on your efforts. Must payout at least 50% of Sales, must offer Unlimited Depth within compensation plan, must offer Fast Start Bonuses, must offer other Rewards and Recognition, you must be able to achieve $10,000/month true residual with less than 500 people in the organization. Do you know that with the average network marketing company you need over 1800 people in your organization to make $10,000 per month residual income.
7. Pay-It Forward: Does the company Pay-It Forward to the Masses. They must give back globally what they are taking out. The company's vision is to make an Impact on the World in a Positive Way. Are they a recognized leader in this area? They must care about the masses that they serve.
When choosing a company to align yourself with, make sure it is not just about the product. You may have heard the hype of the latest and the greatest product that literally sells itself. Let's be honest - no product sells itself. If it did, the company would not need you.
The bottom line is to be educated about the process and the company. This site will give you good information about choosing a company:
Mastering Your Primary
To Great Success,
Joseph Demasi
Tuesday, January 09, 2007
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