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Step 1: The benefits of Network Marketing and Choosing the right company.
Benefits of Network Marketing
Before
you even consider getting involved with Network Marketing, you
should be aware of the benefits of getting involved with
the Network
Marketing industry. Network Marketing is taking the world by storm and is
providing hope for people around
the world.
Network marketing enjoys a very large degree of success due to the
excellent benefits offered as compared
to conventional business. The
various benefits can be summarized as follows:
1.Low Capital Investment and set up
cost.
2.Risk free.
3.No qualification and experience necessary.
4.A good source of Multiple Sources of Income since
it can be done on a
part time basis.
5.Excellent support system to assist you. These are provided by the
company
and the upline organization.
6.Unlimited income potential.
7.Generate Passive Income. After building a successful network
the
business continues into the future without your presence. The income will
continue and can be inherited to your
spouse and children.
8.There are opportunities to travel because most of the network
marketing companies offer incentive
trips to successful distributors.
9.There are plenty of recognitions in the network marketing industry.
You will be
honored and recognized for your achievements.
10.There are plenty of opportunities to develop yourself. You will be
exposed
to lots of training and motivation programs. You will have a
chance to develop your character and become a good leader.
11.For
those who like to help others, this is a good opportunity to
help people realize their dreams. This is a business of giving
hope to
people.
12.The business is fun to build since it is a peoples business. You
will have the opportunity to
meet people from all parts of the world.
Choice of Companies
There are literally thousands of network marketing
companies around and
each one of them claiming to be better than the other. It is crucial to
select a sound company
to work with because your decision is for the
long term and once you start building it, it will be frustrating and even
disastrous to find out later that the company has closed down, change
its compensation plans or is a pyramid scam.
The
following criteria will be helpful in assisting you to make a wise
decision:
1.The background of the company and
its track records.
It is wise to select a company that has a successful track record of at
least 5 years. Check
out on the paid-up capital, cash flows and
profitability of the company. The reason being most networking marketing
companies,
do not last more than 5 years. This does not mean that new
companies are not good. You will have to do some extra fact
finding about the
company.
2.The Management of the company
It is important to check out the credibility
of the management of the
company. Is the management experienced in the business of network
marketing? Is network marketing
the principal business activity of the
company? Is the company involved in other unrelated business operations? It
is
wise to choose a company that has an experienced management team that
is focused only on the business of network marketing.
3.The Products and Services offered
This is the core of the business. The following considerations should
be
taken into account:
-variety of products and services
-consumable products that are needed everyday
-the effectiveness
and quality of the products and services
-money back guarantees
-source of the products and services
-constant supply
-products
that are safe to use and are environment friendly
-competitive prices
-after sales service
4.The Compensation
Plan
The compensation plan should be generous and fair to everyone. It
should reward distributors based on the
effort put in and not on other
criteria. It should be a working plan and not a quick get rich scheme.
5.Support
The
company should have proper support in terms of training and
motivation. This includes training courses, seminars, workshops,
materials
like audio visual, etc. There must be proper infrastructure set up to aid
the supply and delivery of products
and services. There must be
warehouses or collection centers set up to assist the supply of products and
services.
The availability of genealogy reports, commission and bonus
reports are also important.
6. International
Is
the company operating overseas, and is it possible for distributors
to expand their business worldwide? For those who
are planning to build
a big and global business, this is a very important factor to consider.
With the Internet, it
is now possible to conduct a global business with
ease.
7. Legality
Is the company properly registered
with the relevant authorities? Does
the company have a valid direct selling license and do they follow the
rules and
regulations of the countries they are operating in? Are they
registered with the Direct Selling Associations of the various
countries they are operating in? These are important factors to consider
because it will determine whether the company
will continue operation in the long run.
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