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Jul 29
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If you are looking to get into the Network Marketing Business, selecting the right network marketing company is the most important step you need to take to get started.
Picking the wrong Network Marketing Company can be disastrous. Take a look at the following points when making your decision.
- Solid background. The company you select should have at LEAST 5 years of history, and it should be positive history. If it is a newer company, this can be a ground floor opportunity, but its Owners must have the positive history, and a very strong financial backing.
- Great leadership. I learned this from Jim Collin’s book, Good to Great. See what the company leaders have done in the past. Also – Are any high profile figures endorsing the products? (With a high profile person’s reputation at stake, they will only associate with top products.)
- Re-usable products. Whatever you’re selling and or consuming needs to be items that are used up quickly and re-ordered regularly. (Mortgage Refinancing doesn’t work in network marketing because the average person only refinances every 5 years.)
- In demand products. Example, the health industry is seeing tremendous growth due to all of the baby boomers. This is paired with the life expectancy rising every day. (We’ could be at life expectancy of over 100 years in no time.) The health field is a GREAT example of a great place to investigate.
- Solid marketing techniques. There are something like 6 or 8 main models of how a network marketing company can pay it’s associates. Make sure the model of your company is fair, and is truly residual. (So that if you ever stop growing your business, your income keeps coming in.) Also – How do you find your associates? (Through the internet? Friends and family?) (Read Richard Poe’s Wave 4: Network Marketing in the 21st Century)
- Do your research. You need to take calculated risks to be successful in anything in life; but make sure you’ve done your research by checking out the BBB (better business bureau), and other resources. See if there is any “dirt” on the company or owners. (Most important though, is to check the validity of the sources claiming the dirt.)
- How are the products delivered? (Do you need to stock a garage full of products? Can the associates place orders directly?)
- Great training. Make sure that you will have the proper training and support from your team. You don’t want to be a part of something where you’re totally on your own to figure it out. (This typically relates directly back to the companies compensation plan.)
- IMPORTANT – How many hours per week do you need to put into the business? Are true passive/residual income techniques employed? (e.g. How do you find your downline? How do they get trained? How much help is your upline?)
Now that you nave selected the right network marketing company, take note of the following points as you get started.
- Make sure you keep your current “linear” income job until your new network marketing company residual income can overtake it!
- MOST IMPORTANT – Learn how to dream, and also learn how to set goals. (Read Napoleon Hill’s Think and Grow Rich) 90% of this business is mental. (This is true of any endeavor in life, playing professional sports, achieving great wealth, affecting mass humanity, etc.) EVERYTHING starts with an idea in one person’s head. Conceive it, believe it, and achieve it.
- Don’t Quit, and don’t expect success overnight. Some people have worked 20 years in their career to reach the success they have now. Some of you went to school for 4 – 8 years, just to start your career. Yet still, in network marketing, many quit after 2 months, disappointed that they were not a success in 60 days, and saying that network marketing does not work.
The only failure’s in network marketing are those that quit. There is no other way to fail.
© 2008 Rod Larrivee


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