Which is the BEST online business opportunity?
I am talking about work at home, MLM, referral programs and the like.
The best network marketing company for you should be one that has characteristics that are necessary for YOUR SUCCESS, not the company’s success but YOUR SUCCESS. The best network marketing company must have at least 5 critical success factors in place in order to be a “good” company to consider joining.
Here are the five critical success factors that must be in place before you join any Network Marketing Company.
1.Does the company management have personal experience building their own networking organization? Have they done it with Integrity?
a.) Search Google for the owners of the company. Check these two websites: http://www.MLMwatchdog.com and http://www.imreportcard.com
b.) Do the owners have Integrity? Add the word ‘Scam’ to your search.
c.) Do the owners have a Corporate background or an in-the-field Network Marketing background?
d.) Read your "Policies & Procedures" and "Terms & Conditions"; both are part of your legal Contract
i.) Look for the word "Ongoing".
ii) Look for policies that strike you as "Unreasonable". Like "Termination, with or without cause"
iii.) Ask yourself "Does this contract protect me or the company?" "Is it clear which way it leans?"
v.) Rules of Thumb:
• The longer the contract, the greater the possibility that the policies important to you
are being hidden in "Legalese"!
2: Has the company passed the "early failure" Time Line? Are the company’s Products timed with the beginning of a massive trend of consumer demand?
a.) Beware of "ground floor opportunities" and start-up companies. 99% of companies don’t last two years.
b.) Avoid companies which have passed beyond their "momentum phase" and have become household names. (The realistic potential for big growth is gone)
3: Does the company have a Remarkable product at a reasonable price?
a. All MLM companies have a good product. But, there are others available that are just as good!
i.) It should be competitively priced.
b.) Warnings:
i.) If the product would not sell without the business opportunity attached, it is ILLEGAL.
ii.) If you can’t pay with a credit card and Must pay by cash or money order, it is ILLEGAL.
iii.) If distributors collect the money while the company stays at arm’s length, it is ILLEGAL.
iv.) If you MUST have a Retail Merchant’s account, the company is SCAMMING YOU.
v.) When you begin to justify your product to someone, You become a salesperson.
4: Does the Compensation Plan Pay Part-Timers?
a.) 95% of networkers are part-time people. The plan should ensure that people can make a decent income working a few hours per week.
b.) Beware of companies that advertise how many millionaires they have created. Make sure it’s not at the expense of those "at the bottom". Everyone should be able to benefit.
c.)Take the Comp Plan Test – Ask yourself this question:
"How many people do I need on my Team to earn a recurring income check of $500 per month?"
There are companies out there that require as many as 500 and as few as 20. If your up-line won’t or can’t answer this basic question, You should Run.
d.) If a company stresses "Recruit, Recruit, Recruit!", You should "Run, Run, Run!"
5: Does your Mentor offer a System for Success that will work for You?
a.) The team you join must have a system in place that will work for everyone who uses it.
b.) There must be complete resources available; books, videos and audios explaining the system.
c.) Personal development should have a big emphasis in the system. This is a relationship business, the more you know about yourself, the better you’ll relate to your clients and customers.
There are some really good Network Marketing Companies in the industry but unless you are experienced, finding them is like looking for a needle in a haystack. If you would like to see the company I partner with you can check out my personal site http://alanyoungsing.com for the link.
Best of luck in your search.
Alan Young Sing
The best network marketing company for you should be one that has characteristics that are necessary for YOUR SUCCESS, not the company’s success but YOUR SUCCESS. The best network marketing company must have at least 5 critical success factors in place in order to be a “good” company to consider joining.
Here are the five critical success factors that must be in place before you join any Network Marketing Company.
1.Does the company management have personal experience building their own networking organization? Have they done it with Integrity?
a.) Search Google for the owners of the company. Check these two websites: http://www.MLMwatchdog.com and http://www.imreportcard.com
b.) Do the owners have Integrity? Add the word ‘Scam’ to your search.
c.) Do the owners have a Corporate background or an in-the-field Network Marketing background?
d.) Read your "Policies & Procedures" and "Terms & Conditions"; both are part of your legal Contract
i.) Look for the word "Ongoing".
ii) Look for policies that strike you as "Unreasonable". Like "Termination, with or without cause"
iii.) Ask yourself "Does this contract protect me or the company?" "Is it clear which way it leans?"
v.) Rules of Thumb:
• The longer the contract, the greater the possibility that the policies important to you
are being hidden in "Legalese"!
2: Has the company passed the "early failure" Time Line? Are the company’s Products timed with the beginning of a massive trend of consumer demand?
a.) Beware of "ground floor opportunities" and start-up companies. 99% of companies don’t last two years.
b.) Avoid companies which have passed beyond their "momentum phase" and have become household names. (The realistic potential for big growth is gone)
3: Does the company have a Remarkable product at a reasonable price?
a. All MLM companies have a good product. But, there are others available that are just as good!
i.) It should be competitively priced.
b.) Warnings:
i.) If the product would not sell without the business opportunity attached, it is ILLEGAL.
ii.) If you can’t pay with a credit card and Must pay by cash or money order, it is ILLEGAL.
iii.) If distributors collect the money while the company stays at arm’s length, it is ILLEGAL.
iv.) If you MUST have a Retail Merchant’s account, the company is SCAMMING YOU.
v.) When you begin to justify your product to someone, You become a salesperson.
4: Does the Compensation Plan Pay Part-Timers?
a.) 95% of networkers are part-time people. The plan should ensure that people can make a decent income working a few hours per week.
b.) Beware of companies that advertise how many millionaires they have created. Make sure it’s not at the expense of those "at the bottom". Everyone should be able to benefit.
c.)Take the Comp Plan Test – Ask yourself this question:
"How many people do I need on my Team to earn a recurring income check of $500 per month?"
There are companies out there that require as many as 500 and as few as 20. If your up-line won’t or can’t answer this basic question, You should Run.
d.) If a company stresses "Recruit, Recruit, Recruit!", You should "Run, Run, Run!"
5: Does your Mentor offer a System for Success that will work for You?
a.) The team you join must have a system in place that will work for everyone who uses it.
b.) There must be complete resources available; books, videos and audios explaining the system.
c.) Personal development should have a big emphasis in the system. This is a relationship business, the more you know about yourself, the better you’ll relate to your clients and customers.
There are some really good Network Marketing Companies in the industry but unless you are experienced, finding them is like looking for a needle in a haystack. If you would like to see the company I partner with you can check out my personal site http://alanyoungsing.com for the link.
Best of luck in your search.
Alan Young Sing
References :
Hello there, thank you for your question.
An online business is quite easy to start; anybody and everybody can start an online business. You can also decide to be an affiliate marketer which is quite similar to having an online business. What I advise is you search for a product which interests you and which you think will sell quite well. When you sell the product you get a hefty 50 – 70% commission!
I wouldn’t say it’s easy to make money online, however with persistence and the right knowledge, anyone can make it.
I myself used top class resources to help me earn money online.
I wish you luck in your venture! Rogier.
References :
http://www.affiliatemarketingadvisor.info http://www.affiliatemarketingadvisor.info