“The 5 key things to choosing a great Network Marketing Company”
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In this article I am going to cover the 5 key things you need to know before joining a network marketing company some of the material will overlap from my article starting your home business. However, i will go into more depth on a network marketing company.
- The compensation plan is the most Important
- Your Upline will do it all for you
- The product sells it self
- The company is new so now is a good time to start
I do agree that a compensation plan or package is important but is not your No 1 concern, knowing what the plan will offer you and your downlines when you bring more prospects into the business and of course you are in business to make money, but you should be looking mainly at the benefit the products will offer your customers and how you can help them first and foremost.
If a company claims that your upline will do it all for you dismiss this straight away your upline is there to guide you and help you not to do everything for you.
If the product sells itself then why do they need you, a good product requires good information by you learning about the product and having faith in what you are offering, will build trust with your prospects and genuine valuable no hype information will get you sales providing the product is worthy and satisfies a need for the customer.
Be aware of new companies i am not saying they won’t be good but many companies come and go very quickly and unless you are completely satisfied with the product and how the company is progressing in its efforts to move forward be careful. Having said all that new companies with an experienced background and sound vision with good products can be a goldmine as you can have a good start on building a solid team.
Do your research here. As a rule of thumb a company that has been in business for five years is usually quite sound and more likely to continue but again really research to find out more.
Quite often a company that is new still has a lot of work still to be done, so you could have paid in but not really receiving the true benefit of your money until all the plans and structure have been approved and in place.
The Essential 5 key things
- Product Demand
- Network Marketing Model
- Upline your sponsor
- Company Resources
- Compensation Package
Product Demand The most important component of your network marketing company is the product or products, there must be a demand for what you are offering, now the company would have done their research and justified the reason for choosing the products. But it is a good idea to do some research too, to make sure there is a demand from your target market and that they want such a product and willing to buy this from you.
How much the products are going to cost and can you see the value for such a product for your customers what will be the benefits
Network Marketing Model will the company allow you to be different you want to eventually have your own capture page so you can brand you not the company and the leads you bring in will be your leads and prospects not just the companies you want to have access to all that hard work you are putting in to attract these leads. So when you decide to join a company it is important that you can differentiate from all the others in the company by branding you.
Upline your sponsor will play a big role in your success with the company you need to be happy and have confidence in a person that you will be in contact with and they are willing to give you enough time to help and guide you in the right direction it is important that you stay connected and discuss the methods on how you are going to promote the products. Receive feedback and advice.
Company Resources does the company have training, meetings, web site product conference calls and has the company been in business for at least 5 years. Now this does not mean that you should not join a new company but having 5 years experience and the company is still strong then it will be good bet if all the other things are in place. oh and make sure they don’t have too much hype in their advertising and feel comfortable in what they are using to promote.
Compensation Package bottom of the list but you want to know what are the benefits to you and your team is it easy and simple to understand.
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