Having Trouble Choosing A Network Marketing Opportunity?

Posted on April 12 2010 by Wealth Curu

Do You Need Help Choosing An MLM Opportunity?

Do you need help choosing an MLM opportunity? So many people get recruited directly into one company by one of their friends that they don’t get the chance to choose.  Many of these people have never heard of MLM before. However, if you do need help choosing an MLM opportunity, you need to do some ‘due diligence’ on the companies you are interested in, as well as some soul searching before you can find the right opportunity for you.

 I disagree with alot of people who say that it does not make any difference which company you join.

 1. You need to really like the products the company sell.  Would you happily sell them to your Granny? Because if you would not, will you be able to happily sell them?  People can see when you are speaking from the heart, and if you are not, they will not buy from you. Ask yourself this; would you want to use these products even if you were not in the company?

 2.  Have you considered the market for the product? If, for instance, it is the latest super juice, have you considered market saturation?  There are just so many companies out there right now, selling the latest antioxidant super juice that I for one, even though I have sold a juice in the past and loved it, would not want to be involved in one nowadays. (And yes, I still drink it!)  Nowadays I would rather go for a product with a wide open, untapped market, something which is a powerful, current, and on trend.

 3.  One essential is to have a low startup cost.  A high start up cost will put off a large portion of prospects.  Apart from anything else, low start-up costs are one of the best things about an MLM opportunity. It makes it affordable to start your own business.  Many people could not afford to get involved in their own business, so MLM is accessible to many more people.

 4.  Retention rate is very important in choosing an MLM opportunity.  If the retention rate is low it will affect your residual income.  The problem is that retention rates in MLM are very rarely high.  How much better would it be to know that the majority of people you put into your business would stay there, year in, year out? You would need a considerably larger number of distributors in a company with a low retention rate than you would in a company with a high retention rate.

 5.  Compensation Plans do matter.  It can be hard to understand which type of compensation plan would be better for you.  All you can do is find out what the company that you are interested in has and then do some research on it.  Unless you know alot about many different compensation plans, you will mainly need to use your common sense.  If it sounds too good to be true, it probably is.

 6.  Check out the management of the company.  Are they well-known and liked?  Do they have a proven track record in business, either in MLM or direct sales? Make sure you also do some research on the company. Find out how long it has been operating; many MLM companies go under in their first year. See if you can find out their sales over the years it has been going, and see how these have increased.

 7.  Lastly check out MLM Watchdog.com for lots of information on MLM’s to help you in choosing an MLM.

 I hope this will help you if you need help choosing an MLM opportunity. There are some great companies out there, one of them will be right for you.  And if you have not been in an MLM before, welcome to this wonderful industry!

 

If you enjoyed reading ‘need help choosing an MLM opportunity’ you may be interested in the very Marketing System which Sue uses to build her business.

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