Did you know that the Network Marketing Industry has a 98% failure rate? One reason is because people jump into selling without understanding how to make a knowledgeable decision on if the company is a good fit.
Some of the factors that need to be considered are:
- Quotas. Does the company have monthly quotas that have to be met for you to stay a representative? Many companies have have quotas for you to be paid, but you stay a representative and you keep your web site. Are you satisfied with filling the quota every month?
- Take a look at the earnings.
- Commission structure. 100% commission or higher is not sustainable. The company has to make money or it won't be in business.
- Income claims. Any opportunity that claims you will make so much money a week is not a good opportunity. If they say it is a possibility to make a certain amount, then that is a more true statement.
- Never go with a company where the representatives only post graphics of cash.
- Never click on just a link in the ad/spam groups. These are probably viruses.
- Look at the products. Are they good solid products? Are they reasonably priced?
- Research the owners. See if they have any connections to any previous network marketing companies that have gone bankrupt or sued.
The question you should be asking is not will I make money, but is the company sound. I have said in previous posts that your Network Team will make or break you. Here is where that comes into play. Take your new opportunity to them for their opinions. Some of them may want to join your opportunity right at the start.
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Great information for those just getting started in this crazy industry.
ReplyDeleteNice! Jumping right in without thoughtful consideration does lead to failure
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