So you’ve decided to give network marketing a try. You’ve done the research and see the income potential and life style change this type of opportunity can provide. Now you have an even bigger decision to make: Which opportunity or opportunities are best for you? Here are a few guidelines to use when choosing the right network marketing opportunity.
1) How stable is the company? The majority of network marketing companies don’t make it past their first year. The last thing you want to do is join an organization, only to find yourself looking for a new opportunity before you even had a chance to get this one off the ground. Now this does not mean to ignore any company that hasn’t been around for very long. After all, those that have been around for 20+ years had a first year as well. More importantly check the resumes of the principles in the company. Do they have previous experience and success in building a company? Do they have experience in building a network marketing company? Also inquire about the financial stability of the company. If they are new make sure they have strong financial backing to weather the first couple of years.
2) Is there value in the product you will be selling? Although your financial success in any network marketing organization relies on you recruiting other consultants, the company’s success relies on the product. It should be a consumable product that will be purchased month after month after month. Make sure that it is priced competitively. It does not have to be cheaper than the competition, although that would be nice. If it is more expensive the consumer must see value in paying more for it. There should also be a genuine need for the product. It should be something that the consumer is either already using or will gain a major benefit from using. It should not be a fad. You are planning your retirement on this product, so make sure it is something that the consumer will continue to use for years.
3) What investment are you willing to make? This comes in two forms: time and money. Remember, you are building your own business, so you should expect to have to invest time and some money to build it. Find out not only the initial cost to participate, but what other reoccurring costs can you expect. Will it be necessary to invest money every month in marketing? Are you required to purchase a certain amount of product every month? Are there any monthly fees for web sites or other support? Are there yearly renewal fees? Also, find out how much time will be necessary to build your business. Make sure it is something you can do in your spare time while you continue to work your regular full time job. Remember, network marketing is not a get rich quick scheme and it will take time to replace your current income.
4) Is the person who introduced you to the opportunity 100% committed to your success? This is critical if you are new to network marketing and have no sales or marketing background. Make sure that this person will be a sponsor or mentor and not just a recruiter. A recruiter merely signs people up and then sends them off on their own to sink or swim. A mentor will be by your side to coach, motivate and train you.
5) Will you have fun building this business? This should be something you can become passionate about and have fun doing. You most likely already have a J.O.B., the last thing you want to do is replace that with something that is not enjoyable for you.
Following these guidelines will not guarantee success, even with the perfect company you still have to put forth the effort to make it work. There is no free lunch. It will require hard work and determination. But unlike your J.O.B. your rewards will grow exponentially.
If you would like to learn more about me or how an online marketing system can benefit your business, check out my resources below.
Over $225,000 added to your bottom line and 4,120 people added to your down line in just 14 months is nothing to sneeze at. Yet, this 25-yr old "unknown" rookie network marketer claims he can show any knuckle-head how to repeat these results. And thousands already agree. And if you don't agree that his SYSTEM is the quickest and laziest way to build your network marketing business, then you get double your money back. Is this guy stupid or just plain brave?
ElectricMLM.net My online marketing system
MLM The Easy Way My training blog
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Videos on my computer
By: busylady | 29-04-2008
Why can't i play videos from news feeds on my computer? Would someone please help?
Tracking corporate new hires
By: msanders | 25-04-2008
I'm looking for an RSS feed or email updates from a service that tracks executives promotions and new hires. Primarily in the corporate space, fortune 5000. For example who's the new CEO of IBM, who got promoted to CMO for Sun, who joined the board of directors of Cisco. It would be great if this source could be filtered by region.
How do people find out if there website page is ...
By: Cathymarie1 | 20-04-2008
How do people find out if there website page is being jeapardize? Where can you find these answers and where does one get help without reporting it yet to the BBB? Business and values are very important to me.
How to view who gave me love on facebook?
By: dumbdumb | 18-04-2008
how to view who gave me love on facebook?
What kind of enviromental movements can I use for ...
By: dgriffinlewis | 16-04-2008
What kind of enviromental movements can I use for cold stone creamery?
Had an idea of cell phone use ie texting for ...
By: davidfenner | 14-04-2008
had an idea of cell phone use ie texting for purchasing lotto ticket. googled, and found your 2004 article. what has happened with approval? david fenner
Q&A Powered by:
Latest MLM Articles
Is MLM a Scam?
By: Tony Bernard | 14/05/2008
Is MLM a scam? Knowing the answer will enable you to choose whether or not you want to get involved. And if you'll be able to make a ton of money in the MLM industry.
Lead Qualification and Its Effect on the Success of Your Business
By: Denise MacDougall | 14/05/2008
Lead qualification is the front line in the battle to secure your share of the market. Dedicate time and effort to this process and you will produce credible prospects and quality leaders that will help your business to flourish.
3 Marketing Pillars for MLM Success
By: Sean Smith | 13/05/2008
Sean Smith reveals the 3 powerful pillars of marketing that all MLM and network marketing business owners must understand to succeed. When you implement these 3 strategies, your marketing efforts will be effortless and your results will explode.
The Importance of the Right Business Attitude
By: Mark Piper | 13/05/2008
Maintaining a positive business attitude is important in creating a successful business. This is crucial during the first six months that you are building your business because they will be the hardest.
Can-spam Act, Email Marketing, You are Responsible
By: Mark Piper | 13/05/2008
This act has much father reach then most people realize. Email marketing is one of the major marketing modalities promoted in the home-based business and online business Industry.
The Importance of MLM Sales
By: Chris Kosman | 13/05/2008
Many distributors tend to forget that we are in the business of making sales. That of product sales. Unfortunately they concentrate on selling the opportunity and try to recruit new members believing that the only way to succeed is by building a huge organization of distributors with few if any customers in it.
Networking Meetings: Why They Don't Work for Most Network Marketers
By: Bill Stroud | 13/05/2008
Networking meetings, why do we go to them? Why? Because someone told us when we started out in business to network, network, network. It seemed like a good idea.
Network Marketing is not About Preying on Friends and Relatives
By: Chris Kosman | 13/05/2008
Network Marketing albeit a unique business model doesn't stop being a business. If you want to succeed in it you should treat it as such. What every entrepreneur does is finding out what his target market is and then try to reach that market with his offer. Begin relatives and friends is not a serious model to implement in your effort to build a home based business and your chances to succeed by doing so are dim.
More from Troy Anderson
Advice From Three MLM Gurus
By: Troy Anderson | 01/05/2008 | MLM
I recently had the opportunity to go to a presentation by three top network marketing gurus. Their combined income for 2007 was in the neighborhood of $4 million. I walked away with a couple of great ideas and one big question.
Myspace - Free Leads Using the World’s Largest Online Community
By: Troy Anderson | 28/04/2008 | Internet Marketing
If you are like most network marketers starting out, you have very little money to spend on marketing your business. What I am about to share with you here is one of the most powerful marketing tools available to you today and it is absolutely free.
To Build Your Business Market Holes Instead of Drills
By: Troy Anderson | 28/04/2008 | MLM
Every person who ever went out and bought a drill, did not buy it because they needed a drill. They bought it because they needed a hole. This simple adage is the key to building your business.
Minimizing Attrition in Your Network Marketing Organization
By: Troy Anderson | 28/04/2008 | MLM
Statistics show that over 95% of people who join a network marketing company drop out within the first year. Attrition is unavoidable, but there are some very simple things you can do to increase the success rate of your organization and minimize attrition.
Online Network Marketing – Keys to Success
By: Troy Anderson | 28/04/2008 | Internet Marketing
The internet has made it possible for network marketers to grow their business like never before. In this article I will give you a few keys to being successful in the online network marketing arena.
Power Prospecting System – Will it Really Help My Organization Grow?
By: Troy Anderson | 28/04/2008 | Internet Marketing
In Power Prospecting System, expert network marketer, Daegan Smith has put together a turn key online marketing system that is simple to use and the bottom line is it works. Learn the basics of this system and why it is so effective in building your organization.
Setting Up a Domain Name Using Godaddy.com
By: Troy Anderson | 28/04/2008 | Domain Names
Learn how to quickly and easily set up a domain name to give you and your company instant creditbility. Having a customized domain name will show your prospects and customers that you are serious about your business.
Network Marketing Success – Stop Closing Your Prospects
By: Troy Anderson | 28/04/2008 | MLM
Success in network marketing requires that you bring other like minded individuals into your organization. Too often we are taught closing techniques by the beg hitters in our organizations that are actually detrimental to building a strong down line.
Marketing 
