Whether you're an experienced Networker or looking to join the industry for the first time, there are a number of factors that you need to take in to account before deciding which network marketing company to choose from.
The first thing that needs to be taken in to account is what your goals are.
80% of Networkers only work the business part time, so you need to decide how many hours per week you're willing to dedicate to your new business.
This can be as little as 5-10 hours a week (for part time) to 20-30 hours per week (full time).
Once you have an idea of your time commitment, you can realistically set your goals around it.
You need to choose an industry that speaks to you or that you have passion in.
The largest categories within Network Marketing are Health & Wellness and Skin Care & Personal Care, so if you have a passion for anti aging and helping people, for example, then you're going to want to look at a company within these categories.
When looking at companies within the category that you're interested in, you need to do your research before committing to join.
I've compiled a list of the key factors that you need to investigate when doing your due diligence: - Company Owners: you should be looking for private companies as opposed to public company where the owners have a long, proven history in business, preferably with a background in the Direct Selling industry.
- Products: you should be looking for products in high growth categories (anti aging is a very high growth category) with proven results that are backed by science.
Personal testimonials are also a good way to test the quality of a product.
Also, companies that have first-to-market products that contain new technologies (such as adult human stem cell technology in a cosmetic range) have proven to be extremely successful in a short period of time.
- Timing: you should look for companies that have a truly ground floor opportunity.
A ground floor opportunity is where the business is still only young, has experienced multiple years of double-digit growth and has unique, first-to-market products.
- Compensation Plan: you should be looking for companies with binary Compensation Plans.
The Compensation Plan is the way in which all of the distributors get paid from the business.
The new binary model Compensation Plan is a far better tool to allow for exponential growth in a new distributor's down-line.
- DSA Accreditation: you need to ensure that any company you are looking at is accredited with the Direct Selling Association (DSA).
The DSA is the governing body of the Network Marketing industry and creates the standards that the industry abides by.
99.
9% of Network Marketing companies that are not DSA accredited fail within the first 3 years.
In the Network Marketing industry people don't join companies, people join people.
So whilst it is true that you can make money from any Network Marketing opportunity if you have the dedication to learn and are teachable, you need to have a passion for what you're doing.
By spending a little time upfront investigating these factors, you will massively increase your chances of success.
Yours in Freedom
The first thing that needs to be taken in to account is what your goals are.
80% of Networkers only work the business part time, so you need to decide how many hours per week you're willing to dedicate to your new business.
This can be as little as 5-10 hours a week (for part time) to 20-30 hours per week (full time).
Once you have an idea of your time commitment, you can realistically set your goals around it.
You need to choose an industry that speaks to you or that you have passion in.
The largest categories within Network Marketing are Health & Wellness and Skin Care & Personal Care, so if you have a passion for anti aging and helping people, for example, then you're going to want to look at a company within these categories.
When looking at companies within the category that you're interested in, you need to do your research before committing to join.
I've compiled a list of the key factors that you need to investigate when doing your due diligence: - Company Owners: you should be looking for private companies as opposed to public company where the owners have a long, proven history in business, preferably with a background in the Direct Selling industry.
- Products: you should be looking for products in high growth categories (anti aging is a very high growth category) with proven results that are backed by science.
Personal testimonials are also a good way to test the quality of a product.
Also, companies that have first-to-market products that contain new technologies (such as adult human stem cell technology in a cosmetic range) have proven to be extremely successful in a short period of time.
- Timing: you should look for companies that have a truly ground floor opportunity.
A ground floor opportunity is where the business is still only young, has experienced multiple years of double-digit growth and has unique, first-to-market products.
- Compensation Plan: you should be looking for companies with binary Compensation Plans.
The Compensation Plan is the way in which all of the distributors get paid from the business.
The new binary model Compensation Plan is a far better tool to allow for exponential growth in a new distributor's down-line.
- DSA Accreditation: you need to ensure that any company you are looking at is accredited with the Direct Selling Association (DSA).
The DSA is the governing body of the Network Marketing industry and creates the standards that the industry abides by.
99.
9% of Network Marketing companies that are not DSA accredited fail within the first 3 years.
In the Network Marketing industry people don't join companies, people join people.
So whilst it is true that you can make money from any Network Marketing opportunity if you have the dedication to learn and are teachable, you need to have a passion for what you're doing.
By spending a little time upfront investigating these factors, you will massively increase your chances of success.
Yours in Freedom
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