Because not all internet promotion or direct selling businesses are born equal and spending the time up-front, at the beginning, to do your due groundwork can pay of massively later on . So here are a few things you must consider prior to making the ultimate decision :
How long has the company been in business? Are they privately owned or in public traded. Who is the managerial team and what real world experience to they have in operating and growing a World business? Where are they open for business and can the services instantly be shipped into different countries without custom issues?
These are all crucial questions because most new, ground-floor start-up corporations fail within 5 years. Not some. Most. So although it may seem like getting in on the ground floor is an advantage, in several cases, it should be a massive danger signal because the odds of this new start up company surviving is very slim and your best chance of success is to join a proven MLM business opportunity with a proven record that has been in business, on a steady growth curve, for no less than 5 years.
One more thing to consider is the price of the product and services. Ask yourself this one question, "Would the average individual buy this service or product from this company at this price, under standard market conditions, if a MLM business opportunity wasn't attached to it?" If you can't honestly answer, "Yes" then you should not join this company.
The explanation is only economics. Understand the majority who start in MLM will sponsor and induct less than three people their complete careers. In other words, the majority never do what is necessary to achieve success in their new business. So if these folks are required to make a once a month purchase of a product they would not usually buy at that price... They will cancel their autoship and give up. Which is why the once a year attrition rate, the drop out rate, in many network marketing firms is usually in the 70 to eighty percent range. And any attrition rate higher than 20% annually will make building a lucrative business fast very , very challenging.
So that the best MLM business opportunity is one that has got a good product that folks already use at a price similar to what they are already purchasing. If they're used to paying $35 for supplement they already use and are now asked to pay $75... If they don't build the business they can soon quit and return to paying $35 per bottle.
Next thing you should seriously consider before beginning any new business is how, in particular, you intend to publicize, market and popularize your new business. Because the final analysis is you won't make any money till you sell a large amount of products and sign up a large amount of new team members. So what is your plan? Because even the best MLM business opportunity out there won't make you a dime unless and until you efficiently and effectively market and promote that business.
How long has the company been in business? Are they privately owned or in public traded. Who is the managerial team and what real world experience to they have in operating and growing a World business? Where are they open for business and can the services instantly be shipped into different countries without custom issues?
These are all crucial questions because most new, ground-floor start-up corporations fail within 5 years. Not some. Most. So although it may seem like getting in on the ground floor is an advantage, in several cases, it should be a massive danger signal because the odds of this new start up company surviving is very slim and your best chance of success is to join a proven MLM business opportunity with a proven record that has been in business, on a steady growth curve, for no less than 5 years.
One more thing to consider is the price of the product and services. Ask yourself this one question, "Would the average individual buy this service or product from this company at this price, under standard market conditions, if a MLM business opportunity wasn't attached to it?" If you can't honestly answer, "Yes" then you should not join this company.
The explanation is only economics. Understand the majority who start in MLM will sponsor and induct less than three people their complete careers. In other words, the majority never do what is necessary to achieve success in their new business. So if these folks are required to make a once a month purchase of a product they would not usually buy at that price... They will cancel their autoship and give up. Which is why the once a year attrition rate, the drop out rate, in many network marketing firms is usually in the 70 to eighty percent range. And any attrition rate higher than 20% annually will make building a lucrative business fast very , very challenging.
So that the best MLM business opportunity is one that has got a good product that folks already use at a price similar to what they are already purchasing. If they're used to paying $35 for supplement they already use and are now asked to pay $75... If they don't build the business they can soon quit and return to paying $35 per bottle.
Next thing you should seriously consider before beginning any new business is how, in particular, you intend to publicize, market and popularize your new business. Because the final analysis is you won't make any money till you sell a large amount of products and sign up a large amount of new team members. So what is your plan? Because even the best MLM business opportunity out there won't make you a dime unless and until you efficiently and effectively market and promote that business.
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