Showing posts with label choosing a company. Show all posts
Showing posts with label choosing a company. Show all posts

Sunday, September 27, 2009

Do you have a system and is it duplicatable?


Gone are the days that you could just call all of your friends and family, and start walking the streets peddling your Multilevel Marketing business opportunity.  Today you must leverage the internet, or you will not be able to duplicate what you do with your down line.  You need to have a system that gives you targeted leads, and a system to introduce them to your opportunity.

Saturday, September 26, 2009

Am I in the best compensation plan?


It's really interesting how compensation plan's work.  All of them sound good during the presentation and of course they would.  The guy giving you the presentation has been snowed too.  Not saying that they are all bad but there is a broad spectrum from plans that completely DO NOT work and those that are awesome.

Friday, September 25, 2009

How great is your product......and is it affordable.


There's a fine line to ride here because you want a good profit margin but you don't want an overinflated price on your product either.  If people can go to the store and buy a comparable product for less, even if it's a little inferior, they will.  Do people want what you have?

It's not a cardinal sin but also think hard about Multilevel Marketing companies with only one product.  Obviously, if there is only one product people's autoship isn't going to change a whole lot and those that are only product consumers don't have a whole lot to choose from so your target market is a little tight.

Remember your profit should be made off of the product sales.  Do you earn a lot of your bonus money from new recruits? ........ Be careful.

Thursday, September 24, 2009

Timing is everything.


Getting into a Multilevel marketing business opportunity at the very beginning is really exciting.  There's hardly anyone signed up and everyone will be going under you. Man, can you believe your luck.  They'll tell you things like "What if you were there day one when one of the big name MLM's started.

There's something they won't tell you though, 99.9% of new start ups fail within the first two years.  So now where are you.  A big downline that is looking at you as the one that screwed them all.

Wednesday, September 23, 2009

Do you understand EVERYTHING in your Multilevel Marketing business opportunity's Policies and Procedures


     When you joined your Multilevel Marketing business opportunity did you read your Policies and Procedures.  Most people that join an opportunity don't even know what it looks like let alone what it said.  Your friend came over and gave you a presentation that sounded fool proof (by the way they didn't read them either).  They were so excited, you were so excited.  Everyone in the place was going crazy, it had to be legit.  Well, don't blame your buddy, they were fed the same line that you were.  Now take a deep breath and start into your policies and procedures.  

Tuesday, September 22, 2009

How much overhead does your Mulilevel Marketing company need to cover?


This is the corporate headquarters of a popular Multilevel Marketing company.  It's a beautiful multi-million dollar building with probably hundreds of employees ready to help you with your every need.  They'll be there 24/7 to help you with orders, answer questions on the intricacies of the compensation plan, and they'll be happy to help you with your autoship.

How mush do you think it costs to pay those employees?

Monday, September 21, 2009

Check the Corporate leadership of the multilevel marketing company.



Who's in charge is probably one of the first things that you will hear when you are getting pitched on a multilevel marketing company. Take down the names of the corporate leadership and Google them with the word scam or fraud. See if there is anything that comes up. Ask if they have built any downlines of their own as a distributor. If the answer is no then they probably don't even understand that 80% of Network Marketers are part timers, working a full time job while trying to work the business. Most likely they didn't but they'll tell you how much money the COMPANY made, and how many millionaires were made.

Saturday, September 5, 2009

Choosing the company you work for that works for you


Here at “Mentoring for FREE” we talk a lot about the 5 pillars. I think there is a misconception about the meaning of some of the pillars so I wanted to briefly go over them.