To Pick an MLM Company: Are
you trying to figure out how to pick a good mlm
company to get started with?
the right MLM company is super important. Picking
the right company is far more important than you
might even realize.
lets say you join some fast rising star. The new
ground floor revolutionary MLM opportunity that's
making huge waves and that's spreading like wide
fire. The upside is that in the short term you
might make some money. But what about long term?
Will the company be still around in even a few
example that comes to mind is the recent story
of OneCoin. It skyrocketed to the top of the MLM
charts in recent times! But now everyone's left
panicked wondering whether or not it's a scam
and if it's going to crash and burn.
another example: Stemtech International, a USA
based network marketing company and offers "innovation,
wellness and prosperity" in the global marketplace
just recently filed for bankruptcy.
it's not only that, picking the right MLM company
is so important because first off your future
is riding on this business decision. If you pick
the wrong company you could end up wasting many
years of your life along with thousands of dollars
in expenses only to wind up going out of business
as a result of no fault of your own. Something
that the company management did that ruined the
company or the FTC shuts them down or whatever
the scenario may be.
another BIG ISSUE that most people don't fully
understand. There's basically a war on MLM right
now. Just too many people have been burned in
the past, so now regulating bodies are stepping
in with increases scrutiny on MLM companies, shutting
down many of the smaller ones, and only letting
many of the bigger one's that are already "grandfathered
in" to make it. After all they don't want
to necessarily ruine the industry as it's a cash
cow for the powers that be.
here you are, stuck in the middle of all this
chaos not really knowing what step to take in
order to ensure it's a safe one. Here's some basic
rules and principals to follow which can help
ensure that you pick the right MLM company:
Has the company been around for at least 10 years?
(some say 5 years, I don't think that's enough
time. I say 10 year minimum)
Does the company have a generous compensation
plan that actually will give you a realistic chance
to one day retire off the plan, or do they keep
you running around like a rat in an endless maze,
never fully being able to take it easy?
Does the company have a product that can evolve
and grow that meets a pressing ongoing need, or
is it a fad that's destined to fad away? ie: Vitamins
or Make up lets say chances are will be around
for a good long while. While the latest tech gadget
will be old hat by next year unless they update
it regularly. A situation that ACN ran into with
their video phone. Will within a few years the
iphone had come out, then video chat and left
the ACN video phone in the dust!
How many words in the company name? If it's too
wordy that's a bad sign. It should be short and
sweet like: Amway, Herbalife, Nuskin, Avon ...see
how catchy those company names are compared to
something like: 2Xtreme Performance International
? Or Fortune Hi-Tech Marketing (FHTM) which had
to abbreviate it's name in order to not tongue
twist it's members. 1 word is best, 2 words is
ok 3 is already too long. Which was an actual
MLM company at one time.
Are the product prices realistic? (if they're
too high it could be a warning sign as often MLM
products tend to get overpriced)
What are others saying online about the company?
(for example as I'm writing this, OneCoin is still
in business even though most people seem to be
thinking online that they're some kind of a scam.
Does the product and company interest you? And
will you actually enjoy buying the products. For
example, let say you're a makeup artist by trade
and you join some kind of a make up company like
Arbonne or Avon. So chances are you'll get a lot
of use out of the products. Or you're into fitness
and you already buy supplement regularly, so you
join some kind of a health and wellness company
and you get onto their whey powders and things
like that. That way you're just switching what
you're already buying anyway. But if you join
something that you have no interest in and or
the product isn't already something that you buy,
then you run the risk of quitting the product
and company as soon as you're not feeling that
the business is paying off. Where as if you buy
the products already and are passionate about
that area already then chances are you'll stay
a lot longer with the company, which will increase
your chances of eventual success.
Can you actually make time to do this in your
already busy schedule? Most MLMer's don't really
take that into consideration when joining. They
don't realize how many hours it takes to build
a business. It's practically a full time job.
And we get a lot of clients that come to use specifically
wanting our services to help them grow their downlines
simply because they don't have time to do it themselves.
So for more info on how we build downlines click
You're not only picking a company but you're picking
"the mlm industry". So you have to factor
in a failure or two along the way in some cases.
Because even the biggest companies can go under
if situations change. Of course it's safer to
join a bigger company but it can be harder to
convince people to join a saturated MLM brand
name. Where something new and flashy sounds cool,
so people are more likely to join but then the
chances of failure also go up. So if something
falls apart could you see yourself picking another
Compare a few and even join a few. There's no
rule saying you have to only choose 1. And you
can compare some different one's. Weigh the pro's
and con's of them and see which makes better sense
pick wisely as ideally you don't want to have
to rebuild your MLM business at some future stage
of the game simply because you picked the wrong
MLM company and they went out of business.