Because not all internet marketing or direct selling businesses are made equal and spending the time up front, at the beginning, to do your due research can pay of enormously later. So here are a few things you should consider before you make the ultimate decision :
How long has the company been in business? Are they privately held or publicly traded. Who is the managing team and what real world experience to they have in operating and growing a Global business? Where are they open for business and can the services instantly be shipped into different states without custom issues?
These are all vital questions because most new, ground-floor start up companies fail within five years. Not some. Most. So although it may seem like getting in on the ground floor is an advantage, in several cases, it should be a big danger signal because the odds of this new start up company surviving is very slim and your best likelihood of success is to join a definite MLM business opportunity with a definite record which has been in business, on a steady expansion curve, for no less than 5 years.
Another thing to consider is the price of the product and services. Ask this one question, "Would the average individual buy this service or product from this company at this price, under standard market conditions, if a MLM business opportunity was not attached to it?" If you cannot honestly answer, "Yes" then you shouldn't join this company.
The explanation is only economics. Understand most people who start in MLM will sponsor and recruit less than three folks their complete careers. Put simply, most people never do what's necessary to succeed in their new business. So if these people are required to make a once per month purchase of a product they wouldn't typically buy at that price... They can cancel their autoship and give up. Explaining why the yearly attrition rate, the drop out rate, in many network marketing companies is usually in the 70 to eighty percent range. And any attrition rate higher than twenty p.c. annually will make building a lucrative business fast very , very challenging.
So that the best MLM business opportunity is one that has a good product that people already use at a price close to what they are already purchasing. If they are used to paying $35 for supplement they already use and are now asked to pay $75... If they do not build the business they can soon give up and return to paying $35 per bottle.
Next thing you must seriously consider before beginning any new business is how, in particular, you mean to advertise, market and popularize your new business. Because the base line is you will not make any money until you sell a lot of products and sign up a lot of new team members. So what is your plan? Because even the best MLM business opportunity out there won't make you a cent unless and until you effectively and efficiently market and promote that business.
How long has the company been in business? Are they privately held or publicly traded. Who is the managing team and what real world experience to they have in operating and growing a Global business? Where are they open for business and can the services instantly be shipped into different states without custom issues?
These are all vital questions because most new, ground-floor start up companies fail within five years. Not some. Most. So although it may seem like getting in on the ground floor is an advantage, in several cases, it should be a big danger signal because the odds of this new start up company surviving is very slim and your best likelihood of success is to join a definite MLM business opportunity with a definite record which has been in business, on a steady expansion curve, for no less than 5 years.
Another thing to consider is the price of the product and services. Ask this one question, "Would the average individual buy this service or product from this company at this price, under standard market conditions, if a MLM business opportunity was not attached to it?" If you cannot honestly answer, "Yes" then you shouldn't join this company.
The explanation is only economics. Understand most people who start in MLM will sponsor and recruit less than three folks their complete careers. Put simply, most people never do what's necessary to succeed in their new business. So if these people are required to make a once per month purchase of a product they wouldn't typically buy at that price... They can cancel their autoship and give up. Explaining why the yearly attrition rate, the drop out rate, in many network marketing companies is usually in the 70 to eighty percent range. And any attrition rate higher than twenty p.c. annually will make building a lucrative business fast very , very challenging.
So that the best MLM business opportunity is one that has a good product that people already use at a price close to what they are already purchasing. If they are used to paying $35 for supplement they already use and are now asked to pay $75... If they do not build the business they can soon give up and return to paying $35 per bottle.
Next thing you must seriously consider before beginning any new business is how, in particular, you mean to advertise, market and popularize your new business. Because the base line is you will not make any money until you sell a lot of products and sign up a lot of new team members. So what is your plan? Because even the best MLM business opportunity out there won't make you a cent unless and until you effectively and efficiently market and promote that business.
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