There are literally thousands of network marketing companies around and each one of them claiming to be better than the other. It is crucial to select a sound company to work with because your decision is for the long term and once you start building it, it will be frustrating and even disastrous to find out later that the company has closed down, change its compensation plans or is a pyramid scam.
The following criteria will be helpful in assisting you to make a wise decision:
1. The background of the company and its track records.
It is of course wise to select a company that has a successful and sound track record of at least 5 years. Check out on the paid-up capital, cash flows and profitability of the company. The reason is that most networking marketing companies does not last more than 5 years. This does not mean that new companies are not good. It is that you will have to do some extra facts finding about the company.
2. The Management of the company
It is important to check out the credibility of the management of the company. Is the management experienced in the business of network marketing? Is network marketing the principal business activity of the company? Is the company also involved in other unrelated business operations? It is wise to choose a company that has experienced management team that is focused only on the business of network marketing.
3. The Products and Services offered
This is the core of the business. The following considerations should be taken into account:
- variety of products and services
- consumable products that are needed everyday
- the effectiveness and quality of the products and services
- money back guarantees
- source of the products and services
- constant supply
- products that are safe to use and are environment friendly
- competitive prices
- after sales service
4. The Compensation Plan
The compensation plan should be generous and fair to everyone. It should reward distributors based on the effort put in and not on other criteria. It should be a working plan and not a quick get rich scheme.
5. Support
The company should have proper support in terms of training and motivation. This includes training courses, seminars, workshops, materials like audio visual, etc. There must be proper infrastructure set up to aid the supply and delivery of products and services. There must be warehouses or collection centers set up to assist the supply of products and services. The availability of genealogy reports, commission and bonus reports are also important.
6. International
Is the company operating overseas, and is it possible for distributors to expand their business worldwide? For those who are planning to build a big and global business, this is a very important factor to consider. With the Internet, it is now possible to conduct a global business with ease.
7. Legality
Is the company properly registered with the relevant authorities? Does the company have a valid direct selling license and do they follow the rules and regulations of the countries they are operating in? Are they registered with the Direct Selling Associations of the various countries they are operating in? These are important factors to consider because it will determine whether the company will continue operation in the long run.
sâmbătă, 10 ianuarie 2015
The Benefits of Network Marketing
Network marketing enjoys a very large degree of success due to the excellent benefits offered as compared to conventional business. The various benefits can be summarized as follows:
1. Low Capital Investment and set up cost.
2. Risk free.
3. No qualification and experience necessary.
4. A good source of Multiple Sources Income since it can be done on a part time basis.
5. Excellent support system to assist you. These are provided by the company and the upline organization.
6. Unlimited income potential.
7. Generate Passive Income. After building a successful network the business continues into the future without your presence. The income will continue and can be inherited to your spouse and children.
8. There are opportunities to travel because most of the network marketing companies offer incentive trips to successful distributors.
9. There are plenty of recognitions in the network marketing industry. You will be honored and recognized for your achievements.
10. There are plenty of opportunities to develop yourself. You will be exposed to lots of training and motivation programs. You will have a chance to develop your character and become a good leader.
11. For those who like to help others, this is a good opportunity to help people realize their dreams. This is a business of giving hope to people.
12. The business is fun to build since it is a peoples’ business. You will have the opportunity to meet people from all parts of the world.
1. Low Capital Investment and set up cost.
2. Risk free.
3. No qualification and experience necessary.
4. A good source of Multiple Sources Income since it can be done on a part time basis.
5. Excellent support system to assist you. These are provided by the company and the upline organization.
6. Unlimited income potential.
7. Generate Passive Income. After building a successful network the business continues into the future without your presence. The income will continue and can be inherited to your spouse and children.
8. There are opportunities to travel because most of the network marketing companies offer incentive trips to successful distributors.
9. There are plenty of recognitions in the network marketing industry. You will be honored and recognized for your achievements.
10. There are plenty of opportunities to develop yourself. You will be exposed to lots of training and motivation programs. You will have a chance to develop your character and become a good leader.
11. For those who like to help others, this is a good opportunity to help people realize their dreams. This is a business of giving hope to people.
12. The business is fun to build since it is a peoples’ business. You will have the opportunity to meet people from all parts of the world.
The Power of Duplication
Network marketing is a duplication business. It is a simple business where ordinary people can create extraordinary income. To be successful one must be a good “copy cat” and be able teach others to do the same. There must be a good duplication process in place so that everyone in the network, new or old, would be able to follow the system and do the same thing in a simple way.
Network Marketing is a global business and it is important that everyone in the network have a simple system to follow regardless of his or her educational background, experience, and geographical location.
In order to be effective the duplication process need the have the following criteria:
1. There must be a SYSTEM.
This will enable everyone in the organization to follow the pattern of success, which all the leaders have gone through. This will be especially useful for new people since they will have a track to run on. The system may be simple or elaborate depending on the leaders of the organization. The system may include the following:
- training, workshops, seminars, and materials.
- way of showing the compensation plan.
- reading materials and audio-visual aids.
- awards and recognition
2. The system must be SIMPLE to follow.
This is important because there will be people in the network with different educational background, financial standing, experience, EQ and IQ. In order to build a huge organization it is crucial that everyone in the network will be able to follow the system.
3. The system must be the SAME everywhere.
Regardless of the country or geographical location, the system must be the same everywhere. This uniformity is important to ensure the smooth running of the business and the identity of the organization.
Can you imagine if the McDonald’s logo and business set up are different in different places? This will surely lead to confusion.
Network Marketing is a global business and it is important that everyone in the network have a simple system to follow regardless of his or her educational background, experience, and geographical location.
In order to be effective the duplication process need the have the following criteria:
1. There must be a SYSTEM.
This will enable everyone in the organization to follow the pattern of success, which all the leaders have gone through. This will be especially useful for new people since they will have a track to run on. The system may be simple or elaborate depending on the leaders of the organization. The system may include the following:
- training, workshops, seminars, and materials.
- way of showing the compensation plan.
- reading materials and audio-visual aids.
- awards and recognition
2. The system must be SIMPLE to follow.
This is important because there will be people in the network with different educational background, financial standing, experience, EQ and IQ. In order to build a huge organization it is crucial that everyone in the network will be able to follow the system.
3. The system must be the SAME everywhere.
Regardless of the country or geographical location, the system must be the same everywhere. This uniformity is important to ensure the smooth running of the business and the identity of the organization.
Can you imagine if the McDonald’s logo and business set up are different in different places? This will surely lead to confusion.
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