There are many MLM companies our there and the distributor trying to sign you up will tell you her’s is the best.But you only have her word for that,so what should be looking for in any opportunity?How do you spot top MLM companies.
1.The product or service is in demand.Do people really want what you are offering?In a recession that ultra expensive fruit drink that you are trying to sell will get dropped like a stone.Go for something that people already need and use for example telecoms or utilities,you just sell it to them cheaper!
2.The company will send the product directly to the customer?You do not want a garage full of product that you are waiting to ship.
3.The company should have a easy to navigate back office that will show the status of all your customers and distributors.Where are order is,how many people your downline has signed up in the last month.
4.Is the company listed?The company should be reputable and preferably listed on the Stock Exchange so that it’s accounts are easy to obtain.The accounts should show a strong cash flow and balance sheet.
5.The company is global?When you market online you will receive enquirers from all over the world so you want to sign up distributors to a business they can market in their own country.
6.What is the entry cost?Some price points are very high thousands of dollars.So firstly can you afford it?Secondly it it much harder to sell a more expensive item than one that is cheap.Are you up for that?
7.How much freedom will the company give you to market online?Some will not allow you to mention their name in social media like Twitter or Facebook,and personal websites have to be vetted and approved-for a fee of course.Best not to mention the company at all until you are talking offline with a prospect.
8.The compensation plan?These vary and are often difficult to understand,but you must know you are going to have to build a substantial downline before you get to a passive income big enough for you to live off.
9.Who is your upline and how much training and support is she going to give you?If the first thing they say is “make a list of everyone you know” be afraid ,be very afraid.For they know only “old school ” MLM,you however want someone who is internet marketing savvy.
In the end this whole internet marketing process is about building brand YOU.MLM should be just one source of income.You need at least ten.Start doing some affiliate marketing as well.For if the company is your sole source of income and it goes down,you are in trouble.
Relying on one source of income from one MLM company is like being an employee.You get retrenched.Then what do you do?
See how the skill in learning internet marketing can serve you in building further incomes streams.Focus on that rather than just one opportunity.