You are looking for ways to grow your cashflow from home with a Network Marketing company as your small business. Here are some tips to help analyze your Network Marketing Company to make sure it is a true fit. As a child that grew up in the Network marketing business, DON’T BUY INTO THE HYPE. Hype has it’s place but you need to be able to see through all the fluff to the real deal. Below I am listing 6 tips a Network Marketing system should contain before you join.
1. Does The Network Marketing Company Have A Solid Track Record? When you invest your money and your reputation in a company, you want to be certain that company will be around 20 years down the road. Around 90% percent of all network marketing companies go out of business before 2 years. A network marketing distributor can be sure that a company has gotten through the major challenges when they choose a company that is at least 5 years old.
2. Does The Company Offer Unique Products and/or Services? There are plethora of Network Marketing companies that offer nutrition based products. Some of these companies have really great products to help keep us energized and enjoying a healthier life. A lot of them are doing the same thing with the same old compensation plan. A network marketing distributor could have a much easier time promoting a company that is doing something that noone else has seen before.
3. Do People Really Want The Products The Company Offers? You hear everyday about the failing network marketing distributor that has zero success and ends up with a garage full of product that they don't need or even want. A lot of companies promote products at such a high rate that the "smart consumer" realizes that they can go find the same product a lot cheaper at their local retail store. The simple fact that their friend is selling it means nothing especially during these challenging economic times. So offer something that will add to your prospects life, a better business foundation, list building online, life coaching tools, and watch them come running to sign up. We all want to have something unique. We like to impress our friends with unique ideas. Uniqueness is much more interesting.
4. Does The Company Have A Rich Compensation Plan? I won't go into all the different types of compensation plans. The important question to ask is, can the average network marketing distributor really climb the ranks in the compensation plan? A lot of the dinosaur type companies have compensation plans that are nearly impossible to compete in unless you are an intense marketer. The compensation plan that is becoming popular is the 3x3 plan. It works very well because you only need to refer three people who do the same to build your business to significant monthly residual quickly. The average network marketing distributor can build a lot of momentum with this type of compensation plan.
5. Can You Have Fun While Building The Business? The failure rate of network marketers is substantially high. One of the main reasons for the failure is because they don't ever treat it like a real business and or because they can't have FUN while building their business. Most people are doing a small business from home to get out of the job that does not fit their lifestyle anymore, but they end up feeling like they have gained another job. When you work with your network marketing company you can have a lot of fun being on forums with other like-minded people or providing or attending fun teleseminars while being out the boat enjoying your day. The calls are fundamental but can be fun too. You must decide to use Network Marketing as a vehicle to get you to the next level in your life and provide a way to help your family and friends too.
6. Does your distributer or Network Markeitng Company offer substantial training and coaching? Having good training and a coach is essential to you growing to the level you want in your business. You need a mentor who can guide you to the tools and resources to be successful. You must have somewhere, someone to go to and ask questions on an ongoing basis. So when you run into obstacles you will feel secure that you can get past them with your coaching. Your coach should be there to help you customize the opportunity to your lifestyle.
Now go out and choose the right Network Marketing company for you. Start your own small business that will help you reach the financial level you have always dreamed about. When you need help no matter what it is that may be holding you back, if you are ready to have a coach like celebrities, successfull entrepreneurs, and athletes be sure to contact me. Have questions about network marketing contact me here. I will answer your question ASAP. In the meantime LIVE YOUR BEST LIFE NOW.
Presented by Atarah The Magiccashlady, Life Success Coach with Multiple Streams of Income.
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