Sunday, April 1, 2007

NOT ALL NM/MLM COMPANIES ARE CREATED EQUAL

Generally, people spend more time reading consumer report magazines to buy a washing machine than they do researching the MLM company they sign on with.

There is no wonder why MLM has such tremendous drop out rates. How many of you actually decided you wanted to be an MLMer, found a product you loved, then researched several companies who offered those products before making your decision?

How many of you were shown the Opportunity by a person who told you the five worst things a sponsor can tell a perspective MLMer: 1) It's easy; anyone can do it! 2) Listen, you'll make big money almost immediately in this business. 3) Everybody's gonna want this product ... it sells itself. 4) Ours is the best deal -- the best deal out there anywhere! 5) All you have to do is talk to people you know.

MLM is not easy. Everybody will not want your product. To be successful in an MLM company, It takes men and women who are visionaries. It takes hard work and extensive training. You work only on commission and you can expect tons of rejection. In the event that you are one of those special people who can weather the storm of starting up your own business in MLM and are successful, you will reap the benefits which include, travel, honour, and recognition. You will make new friends, you will have financial freedom (a risidual income inheritable by two generations) and the luxury of doing what you want, when you want and with whom you want.

Not all Multi-Level Marketing (MLM) Companies are Created Equal. Following are 10 key indicators of a Great MLM

1. QUALITY PRODUCT -- Look for a company that has a proven, mainstream product line. Quality products are remembered long after gimmics and fads have faded.
2. NO PASS-UPS -- You should look for a marketing plan that rewards you for your efforts. When someone you sponsored and introduced to your MLM business excels in sales, you will be rewarded and not passed up.
3. NO DEMOTIONS -- A distributor should not be demoted due to inactivity of sales. Once you have been promoted to a certain level, you should remain at that level for life.
4. BONUSES PAID ON THE RETAIL COST OF THE PRODUCT -- Even though you only pay wholesale prices for your products, a quality company will still pay your bonuses on the retail price of the product.
5. PROVEN FINANCIAL STABILITY -- The company's sales chart should demonstrate their steady growth, sales figures, and sales history ultimately projecting their future trends.
6. AT LEAST 5 YEAR MINIMUM INDUSTRY EXPERIENCE -- A well-established MLM will make it past the crucial first 5 years with solid management, a strong business plan, motivated distributors and quality products.
7. MULTIPLE INCOME OPPORTUNITIES -- A variety of income opportunities should be offered to you, along with the advantages of working on your own schedule, either part-time or full-time, and working from home. You should enjoy multiple opportunities to earn money, such as profit sharing and earned incentive bonuses.
8. CONSUMABLE PRODUCTS -- Consumable products help you to easily build a base of loyal customers wanting to regularly purchase replacement products. An active consumer base is the key to a successful MLM and can only be built on quality consumable products.
9. EXTENSIVE SUPPORT NETWORK -- Your company should offer extensive support, from training seminars and materials, to incentives and helpful staff, at the regional, national and international levels. Remember, your success directly affects the MLM's success!
10. INTERNATIONAL PRESENCE -- A company with a multiple-year track record that is established around the world, shows growth, reliability and quality products. Most companies that venture internationally are stable and have ample industry experience.

Before signing on the dotted line, try the products. If you love the products, and they are products you would use regardless of whether or not you choose to build the business, then read your companies policies, and study the compensation plan before making your final decision.

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