This can seem like an intimidating and nerve racking process, but that’s fair enough because the company you select can be the difference of achieving your financial goals or failing altogether.
There are a few things to take into consideration before you make the final call and I will go over them shortly.
There are many points that you can take into account when narrowing down your list. I outlined a great deal of them in the
top network marketing companies
article in bulleted format before revealing the best MLM companies to you.
So if you feel like you should, take a quick recap before moving on.
Now that you have a good idea of the areas of interest, I am going to reduce the selection criteria to a very simplified version that covers the most important features that must meet your needs. This also wipes out that sense of being overwhelmed and where you think you should start the eliminating process.
OK, from experience I have found the following points to be the most important to someone who is seriously looking at starting a Network Marketing business with a company:
- Company credibility – I believe this is probably the most important factor that should be thoroughly researched before taking any further steps.
Why? Because imagine pouring piles of money and time into the early stages of building your business, then after all of that very hard work you lose everything!
Yes, this nightmare has been a reality to some unfortunate people in the past.
If you sign up with a company that hasn’t matured and become financially stable, it is quite possible that it can collapse due to all kinds of things going on in the economic climate.
So checking the credibility as well as the reputation of an MLM company should be the number one thing you do. You want to make sure it is solid, there to stay and give you the sense that it won’t crush any of your hard efforts by going under.
The best way to do this is to get a feel for its past performance over the last few years.
If its profits appear to be growing, then excellent! You have yourself a likely candidate. But the show isn’t over yet, there are still some crucial points to study before deciding what the best Network Marketing company is.
- Age of the company – You might think that this is covered by company credibility. Just because an MLM entity has performed well two or three years in a row doesn’t mean it is likely to do that in the foreseeable future.
In this industry you will find that new companies come along all the time, perhaps doing quite well in the first two years, then fizzle out due to lack of turnover in products and high attrition rates.
The main point I am trying to get across here is that you should really only consider an MLM company that has been around for at least 8-10 years. This means they have stood their test of time and are obviously doing something right to be growing in size.
- Product Range – The variation and range of products that a company offers is very important to your success.
Trying to grow a Network Marketing business with a very small group of potential consumers can extend the time for you to achieve your goals significantly.
Having diversity in what you have to offer your customer definitely gives an advantage in targeting a profitable audience.
For example, you join a company that only sells cosmetic products. You spend a few months trying to take a strong footing in the market place, but you soon discover that this isn’t a good niche for you to specialize in and you also aren’t doing as well as you expected.
Now there aren’t many options to take from here apart from trying to stick at it and hopefully start seeing some progress, or leaving the company you are with.
If you had been with another MLM company that has a wide range of products, then you won’t have such a big dilemma as you could try and market something else such as nutritional products, which opens you up to a whole different target audience.
An additional benefit of being able to market to multiple niches is that if all of a sudden a huge number of competitors targeting cosmetic’s consumers enters the market, then you can focus on less saturated consumer groups such as users of supplements, home care products and jewelry.
This is why the product range is very important to consider when you are determining the best Network Marketing company. The more products available, the greater the chance of you succeeding.
- Membership Requirements – Before making any commitments be sure to carefully look into the sign up costs associated with the company and also check to see if there are any hidden expenses.
For example, some MLM companies may require you to purchase a certain amount of products each month just so you can retain your membership.
Now, I see this as a huge dead weight, because the last thing you want is an on-going expense hacking away at your budget that you have set aside for building your business.
A couple of other things to bear in mind are whether or not you have to attend compulsory functions and purchase training material.
You could easily be spending a few hundred dollars a month on all of these things, which is not what you want in the early stages of you Network Marketing venture.
The best Network Marketing company would let you grow your business at your own pace, without any financial commitments.
- Website Restrictions – To make sure that you truly don’t limit yourself to conventional methods of building your MLM business, it pays to go with a company that allows you to at least put a website up and lets you prospect people into your down line.
The restrictions enforced by the many companies out there vary a lot.
You may find that you can put absolutely anything you like on your site, but then you may also discover that the level of your content is very limited with other Network Marketing companies.
I recommend looking into the term and conditions including the company policy which outlines the rules and regulations for building your business.
You don’t want to end up with a firm that puts a ceiling on your potential.
- Compensation Plan- The compensation plan can also play a role in limiting the way you build your business and this is why I think it is a very valid thing to look further into.
You will be surprised by the many kinds of
network marketing compensation plans
out there.
The plan I strongly recommend going with is the
unilevel
alternative because it puts no bounds on the size and structure of your down line.
Hey, the best Network Marketing company wouldn't hold you back right?
The unilevel pay plan permits your team to be as large as you want, given that you put the effort in to build it of course.
The Best Network Marketing Company – What to do From Here
That selection criteria explained above may still seem a lot to go through, but it’s well worth the return on investment if you follow it.
So what you need to do is look at the
top 10 MLM companies
again as this is a very good starting point and work your way through the selection process until you find that best Network Marketing company.
I mustn’t forget to tell you that the first thing to do is to see whether or not the company is in your country/city/town. If not, just move onto the next strongest competitor.
Then carefully match its features to what you require according to the criteria I have provided and you will eventually find your best Network Marketing company, that’s the way I did it and haven’t regretted the company I am with one bit.
If you feel that you need some assistance with this process or advice on anything, don’t be shy to ask as I know it can feel like an overwhelming task.
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