There is a way to choose a business that will work for you, without all the trial and error. Throughout many years, different individuals have tried network marketing business after network marketing business and still not found the success they strive to achieve. After many years of finding myself in that same situation, I have finally found the four key components necessary in order to have success in a Network Marketing Business.
The first thing you should look for when determining what business to join is the Leadership. Does it exist? Do you see that the leadership is willing to help new members reach a level of success? If you ask the person introducing you to this business about the leadership and they seem uncertain or uncomfortable speaking about it then that should turn into a red flag for you. If they begin to discuss how the leadership is helping them to find success and can even place you on the phone with that leadership then you should count this business as a positive opportunity.
Next you need to evaluate how the team implements training for the new and seasoned members of the team. See if there is a weekly team call that will give ideas to the team on how to grow their network marketing business. See if there are webinar trainings that the team can plug into in order to reach the next level. See if there is a step-by-step blueprint for the new members to follow straight into success. If you ask the person you about training and they seem to avoid the question…then this is another red flag. If you ask the person introducing you to this business about training and they begin to get excited about all that they have had the chance to learn and how it has grown their business then count this business as a positive opportunity.
3. Compensation Plan
Now some will tell you that the compensation doesn’t matter until you build a team. This phrase should put up a red flag for you. The compensation plan absolutely matters. This plan is how you will get paid as you grow. Now I have found a great question to test this area is as follows: “How many members do I need to create a 6-figure income per year?” If they go into this long drawn out answer and round about points that do not answer the question.. then consider that a RED flag. If they answer you directly with a number then, the next question is: “Do you have a plan to get to 6-figures per year?” Usually they will have a plan if they know the number needed to get there. Remember that you want to know what you are getting yourself into, and rather you will have to spend the next 5 years doing them impossible or possible.
Many will make their decision of joining a business based on the product. Remember that Network Marketing is not about “selling” a product. It is about helping a person use a product to create a new life style. It doesn’t really matter which product, as long as it is from a company that hold integrity. You want to make sure that product does what it says it will. And that it will stand the test of time. I placed this as number 4 because that is the level of importance based on the other areas that need to be explained first. Now some will totally disagree with me, and that is fine. I have found in my 15 years in Network Marketing that the product is the least of my concern as long as the leadership is in place, the training is in place, and the compensation plan is explainable.
I hope this helps you decide the next business you join. The Network Marketing Industry works and is the best way to take control of your financial situation. Yet you still need to make an informed decision on which direction to go. These points should help you receive the information necessary for success.