Today we talk about How To Choose The Best Network Marketing Company For you.
With thousands of Network Marketing companies opening their doors every day, it’s extremely important to make sure that you align yourself with one that will be mutually beneficial for both you and the company you partner with.
After carefully observing the trends of the fly by night companies versus those that have a strong and solid reputation with a long term vision for growth and success for their Reps, I have put together a 5 Point Checklist that you must use BEFORE signing up with any company.
1. Company / Vision
Knowing the integrity and vision of your company is critical to your decision making process, and it must not be overlooked. Far too many times, people joined up with companies where the owner just wanted to make a quick buck, and had no personal interest in the long term success of their reps.
Partnering with a company whose vision is both long term and fully committed to the growth of the company and the success of the reps will provide more security and confidence in your future and growth within that organization.
Be sure to ask questions about the ownership. Listen in on their calls. Attend the meetings when they speak so that you can judge the genuineness of the leaders and their intentions. If you do this upfront, you will prevent yourself from massive heartache and disappointment later.
Especially looking at the history of the CEO can give you some insight into the WHY of a company. What has the CEO achieved, what where his reasons for starting the company etc.
2. Leadership / Upline
Being associated with the right team and up-line leadership can make or break your business. This may step on some toes but it has to be said. Joining a company to do your cousin or brother a favor isn’t going to work if you’re serious about building a business. You want to make sure that your up-line and team has systems in place that will provide training and support where needed.
If you join any random team without guaranteeing that you’re under proper leadership, it won’t take long before you lose your zeal and eventually get disconnected from what’s happening within the company.
One of the benefits of being involved with a network marketing company is the ability to be amongst an exciting culture of people that motivate and challenge you to grow. If you aren’t plugged in with that culture, the chances of you surviving alone are slim to none.
Be sure to get to know your potential upline, visit their meetings and join in on their calls to see what kind of support system your connected to. Also, if you can, see what kind of system and training your upline offers!
3. Systems
To succeed in any business you must have systems in place to support you and the growth of your organization. Network Marketing is all about building a team of people that duplicate you and your efforts so that you can begin developing a residual income.
The most frustrating scenario is one in which there is no structure and no systems in place that support the growth of a blossoming organization. It’s as frustrating as sitting in traffic because that’s exactly how you’ll feel when your team is growing but the duplication isn’t happening due to a lack of systems.
Every leader should be preaching the same message. This is not the place where you want to reinvent the wheel or promote superstardom. The more duplicable your systems are, the quicker you’ll grow and the more success you and your team will experience.
Our upline makes it look really easy. You know about the “Power of Two”, don’t you? That definitely works in a perfect world. We know those above us are bringing in some big bucks, but we’re not sure how they do it. I don’t think it’s with the Power of Two!
The methods our upline teach us will not work for the majority of us. If they did, then the Network Marketing business success rate would be above 10%, not below.
From my personal experience i can say:
Hard work, alone, will not work for you if the methods you are taught do not work for you.
-You really shouldn’t try to sell everyone, and yes, it is selling!
-It doesn’t really matter how much belief you have; although it helps.
-The product you represent is not as important as you think it is.
-Not everyone is a good candidate for a Network Marketing business.
I believe Network Marketing is changing rapidly and the future is already here. You DO need to learn not only to recruit, but learn how to recruit effectively using online marketing. Click the banner below and enter your best email address to unlock the secret to recruiting reps and selling products ‘at will’, all online, without ever picking up the phone…
4. Product
Theres a common myth that products don’t matter, but that’s not true. In order to generate and income in your business, you have to sell something so it’s best to ensure that you’re selling something that people are willing to buy.
Far too many times, I’ve seen people begging for a sale, trying to convince someone that they “need” their product. The best way to master the art of sales is to be sure that you’re selling umbrellas when it’s raining and snow boots when it snows.
If your company is trying to create a market for your product, it will be much harder to convert sales, rather than selling products that are already in demand. The reason why most people despite the term sales is simply because of the idea of “convincing people” to buy, rather than having people chase you for the purchase.
When you are selling the right product, you will find more motivation and commitment to build your business along with great potential to keep your team inspired to continue making sales.
Be honest with yourself when assessing the potential companies product, and if you know for a fact that you wouldn’t dare buy them, don’t fool yourself into believing others will either. Just face it, the company isn’t for you in that case!
5. Compensation Plan
Money does matter so the comp plan has to make sense. Compensation plans can often be more complex than necessary so before partnering up with the potential companies that you’re considering, ask the following questions to make sure that your time invested in building this organization is worth it.
A. What percentage of earnings do I make for each sale?
B. How much do I earn for each new rep that I sign up?
C. What is the percentage of overrides that you will earn from your organization, and what do you need to do to qualify?
D. What kind of bonuses are being offered and what do you need to do to earn them?
This is to say that you can get paid to do nothing, as work is definitely required in order for you to generate a generous income. However, the compensation plan must make sense and you want to understand the numbers and the work involved to earn a decent income.
Network Marketing company trends 2013
I personally see 2 great trends when it comes to Network Marketing compensation plans.
The 1st major Trend which has been started by Talk Fusion is INSTANT PAY. While other companies pay commissions weekly or even monthly, Talk Fusion pays commissions instantly.
I believe that in the future more and more companies will adopt this kind of payout as it just makes sense. Sure not every Network Marketing company will be able to pay out instantly, but Talk Fusion sure has set a new standard.
The 2nd major Trend which i see more and more, is to payout 100% commissions. This actually has been started by Empower Network. 100% commissions! What’s the catch? How does the company make money? You will find the answer here. Just click on the banner below, enter your email and watch the video to find out.
Bottom line – Talk Fusion and Empower Network are changing the Network Marketing scene and their payout model is revolutionizing the way people make money online …and offline. I believe more and more companies will be looking at Instant Pay and 100% commissions.
So whats the best Network Marketing Company for you?
You decide! Most important thing is to feel good about it and just do it!
Now that you have the 5 Point checklist to selecting the right Network Marketing company, you should be well on your way to partnering with an amazing company and accomplishing great success!!
To your success
Dennis Koray
Skype: denniskoray
email: info@denniskoray.com
Latest posts by npn78252 (Posts)
- FB Marketing – Increasing Engagement on Your Facebook Posts - August 25, 2013
- How to Determine an Approach to Your Facebook Page - August 24, 2013
- Facebook Marketing – How To Promote Your Facebook Page - August 23, 2013
- Tips for Setting up Your Facebook Page for Your Target Audience - August 22, 2013
- Facebook for Business – Balancing Your Personal Profile and Facebook Page for Business - August 21, 2013