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How to choose a network marketing business that is right for you
1. How to choose the
network marketing
company that is right
for you
Elaine Ross
http://www.meetelaineross.com/
2. Are You New To Network Marketing?
If you are seriously considering investing your money to start a new network
marketing or internet marketing business.
You should take the time to thoroughly research the various options
available.
You need to determine, for yourself, what is the best network marketing
business opportunity for you and your future team.
Because not all internet marketing or network marketing or direct selling
businesses are created equal.
Spending the time in the beginning, to do your due diligence can pay off
massively later on.
So here are a few things you need to consider before you make the final
decision:
3. Stability Of The Network Marketing Company
How long has the company been in business?
Are they privately owned or publicly traded.
Who is the managerial team and what real world experience to they have
in operating and growing a Global business?
Where are they open for business and can the products or services readily
be shipped into different countries without custom issues?
These are all important questions because most new, start-up companies
fail within five years.
Not some. Most.
4. So although it may seem like getting in on the ground floor is
an advantage.
In many cases, it should be a massive warning sign because
the chances of this new start-up company surviving is
extremely slim.
Your best possibility of success is to join an established
network marketing business opportunity with a proven record
that has been in business, on a steady growth curve, for at
least five years.
5. Products And Services Provided By Network Marketing Company
Another thing to consider is the cost of the product and services.
Ask yourself this one question, "Would the average person buy this product or
service from this company at this price, under normal market conditions if a
network marketing business opportunity wasn't attached to it?"
If you can't honestly answer, "Yes" then you shouldn’t join this company.
The reason is purely economics.
6. Understand most people who start in network marketing will sponsor and
recruit less than three people their entire careers.
In other words most people never do what is necessary to succeed in their
new business.
So if these people are required to make a monthly purchase of a product or
service they wouldn't normally buy at that price... They may cancel their
auto-ship and quit.
Which is the reason why the annual attrition rate, in numerous network
marketing companies is often in the 70 to 80% range.
And any attrition rate higher than 20% annually will make building a
profitable business fast very challenging.
7. The Best Network Marketing Business Opportunity
So the best network marketing business opportunity is one that has a good
product that people already use at a price comparable to what they are already
purchasing.
Next thing you need to seriously consider before starting any new business is
how, specifically, you intend to advertise, market and promote your new
business.
Because the final analysis is you won’t make any money until you sell a lot of
products and sign up a large amount of new team members.
So what is your plan?
Because even the best network marketing business opportunity out there won’t
make you an income until you effectively and efficiently market and promote
that business.
8. Some tips on what to look for in a network marketing business
What are you given in your back-office to help you get started on-line?
Do they allow you to market your business on-line?
The quality of training the company provides
Is there a good support system to help you with your questions?
Incentive schemes to reward your achievements
Is there a good commission plan so you can start earning quickly?
A compensation plan for you to review and understand
These are just a few of the things to check out before you join a network
marketing company so that you will feel happy with the decision that you made.
9. Network Marketing Is A Great Business
Before you join any business you should do your due diligence on the
company and prepare your own business plan
Remember this is after all your business.
You are just promoting the company products or services as part of your
business.
Because there are people out there who will promote a network marketing
business as a get rich scheme and if you meet people like that it is very wise
to move on.
10. Network marketing is a great business but it is important
when starting on your new venture you treat it as a business.
Begin with the understanding that it could take months or
even years to really build a profitable business.
If you go in with this mind-set you will be willing to work until
you achieve your dreams.
Your vision will help you not to be fazed by the obstacles and
set-backs involved in any business venture.
Remember to treat your new venture as a business and not a
hobby and you are well on your way!
11. Discover more Success Secrets to building your network
marketing business and create success here:
http://ElaineRoss.bizbuildermastery.net/
Visit my blog for more tips for building a successful business
http://www.meetelaineross.com/
Build a 6-Figure Residual Income in YOUR Company, and Set
Your Family Financially Free.
http://ElaineRoss.sixfigurebizbuilder.com/