Network Marketing is a genuine business and
genuine cash is made by that person that treats their Network Marketing open
door as a genuine business! Along these lines, all things considered, before
bouncing into the main open door that presents itself to you, ask yourself six
significant inquiries:
1.
How much will it cost and how much will I
invest?
Your
initial startup costs can be anywhere from a couple of hundred to a few thousand
dollars. Sometimes I think they should cost more because people would put more
value on their business. The beauty of network marketing though is that it
takes very little capital to start which allows anyone to really make it big if
they do the work. Comparatively speaking, the first franchise I opened cost me
$140,000 to open the doors. Glad I do not own it anymore My current network
marketing opportunity cost me $1,500, one-tenth of the franchise. The bottom
line is you need some capital to start any business, but the reality is, how can
I afford not to invest in yourself via a great network marketing opportunity!
2.
How am I going to get paid?
When
sizing up the network marketing opportunity you are interested in making sure you
understand the compensation plan. You need to understand when and what you get
paid for and then work the plan to optimize your income. Your sponsor should be
able to answer the big questions about how your network marketing opportunity
pays the distributors. Set goals but remember, it will take time to achieve the
big numbers and do not even ask what your sponsor makes because it has absolutely
nothing to do with what you will make. The big question is, ten years from
now what will my check look like? The only way you will not achieve your goals
is that you quit your network marketing opportunity.
3.
Is the training just a bunch of Hoo-Rah?
Nothing
wrong with an exciting group of networkers, but is the training delivering you
content. If there are local meetings, then go, you will learn a lot about
building your business from other networkers. Can your company give you a step
by step process that is easy to understand and duplicate? It is all about the
training, your personal development, and most importantly developing
you as a leader so you can duplicate the process.
4.
Does the product perform and is it a match for
you?
When
you are excited about your network marketing opportunity and the products, your
passion is contagious. BUT, beyond passion, does the product deliver the
results? Are the results of the product based on scientific evidence or just a bunch
of testimonials? Give some thought to how you might market it and listen to what
your sponsor and other networkers do.
5.
How long has the company been in business? This
is HUGE!
The
first network marketing opportunity I joined went out of business just as my
pay peaked. It took a long time before a sought another network marketing opportunity
because of that one huge mistake, I did not check out the company, I just
jumped in! My current opportunity has been in business for over 20 years. You need
a solid company. A stable publicly traded company that must report to
shareholders is a great foundation for the hard work you will put into your
business. In the same way, I interview those I want to sponsor, you should
interview your sponsor and the company being represented. You want your company
to be around in the future to ensure that you receive your residual income
while alive and your heirs when you are gone.
6.
Is your sponsor a leader?
Will
your sponsor works with you until you have developed into a leader? You want the
person that introduced you to your business to be someone you both respect as a
person and admire as a leader. This person is really your business partner and
you will initially spend a lot of time with them learning how to lead and
duplicate the process.
In
conclusion, if you treat your network marketing opportunity like it is serious the business chose a great leader to emulate, pick a solid company with a fair and
profitable compensation plan, and be willing to put in the time and effort to
grow. Do not get discouraged. Those not open to your network marketing
opportunity will try to shoot you down and steal your dreams. Treat your
network marketing opportunity like the serious business it is, have fun,
develop a great positive attitude, and success will come.
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