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Archive | May, 2017

Read this if you are looking for an MLM company

 

The growth of the Internet and people looking to earn some extra money from home, paved the way for MLM companies to double over the last decade. With this growth in interest in network marketing, many new companies have sprung up to join the ranks of the time-tested, older MLM companies.

If you are thinking of starting a side career in MLM, or just want to see how your current company measures up, take note of the critical things to look for when choosing an MLM company.

The first thing to look for is stability. It would be best if an MLM company has been in business for 2 to 5 years. There is really something about companies that have already “stood the test of time”.

The longer the MLM company has been around, the more chance of it staying around. There are enough things to worry about in network marketing, such as sponsoring and advertising, without having to wonder if your company will be around next year.

Even if you were able to build the biggest downline and become the highest earner in the MLM company, it would not matter if they suddenly shut down. There are never any guarantees, but a company with a longer track record generally has more chances of longevity.

The second thing to look for is the one in charge of the company. Who is the president, and who are the directors? What is their track record? Have they spent time in the network marketing industry, or are they new to it all? What businesses have they been involved with in the past?

If you do not know the answer to these questions, call or email the company to find out. It is critical to know the answers to these questions from the outset. If you plan to spend many years with the MLM company, you would want to be dealing with people who are honest, savvy, and have integrity in and outside of the business world.

Third, is the product being marketed. Generally speaking, the more products the better. The fewer products you have, the more chance your prospects or potential customers might not be interested.

There was one MLM telecommunications company that recently went bankrupt. They basically only had a few products in the industry. Perhaps if they had added some nutritional products, they could have survived.

In addition to this, the products should be competitively priced, and somewhat unique.
Fourth, know if it is easy to start in that MLM company. Can people join online, or do they have to fill out paper forms?

Having the option to join online makes the whole process a lot easier. On the same note, having the option to join free will open up your opportunity to many more people.

Your MLM company should let people join free and allow them to market the products to earn income. Once someone has joined free, they have partially committed to the business. This makes it easier for you and your company to follow up with them, via mail or email.

Lastly, the more automated the MLM company is, the better. They should give you a personal company website that you can refer prospects to. A prospect should be able to contact you from that page.

And the MLM company should have a series of emails that follow up with your prospects.

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How do you choose the right MLM software for you?

 

With the many MLM software out there already, how do you choose the one that is right for you?

Choose a reputable vendor.

There are many fly-by-night software companies that make many claims of experience, know how and MLM software gadgetry. Unless you are willing to put your business at risk, choose a vendor that has a proven track record.

Track records are built over many years of working with Direct Selling companies, not just selling a software package a few times.

Check out at least six references. Remember that vendors will be eager to provide only their best references. You might be surprised to find a different story when you call companies not included in the reference list.

Visit the MLM software company’s office.

You not only choose the MLM software but also choose the vendor’s support services. If the vendor is not able to provide support services acceptably, what will you do when you need to change your compensation plan or add a new input field to the order entry screen?

Remember that there is only one constant among all MLM companies; they constantly change things. And your MLM software will need to be changed as well.

At the vendor’s office, meet the vendor’s people that will service you. See what kind of people they are and how long they have worked for the vendor. Be willing to pay for experience and competence. You are paying far less in the long run.

Avoid small MLM software companies.

Small software companies, to compete with larger established firms, must offer software at bargain prices. This often puts them on shaky financial ground during their most critical years.

Companies that are trying to save money by purchasing an MLM software from these small software houses find themselves virtually abandoned later on when they need assistance. The problem is that servicing one highly successful client can consume virtually all of the human resources of a small software company leaving the other clients out in the cold.

The more deadly problem is that smaller companies tend to go out of business without warning. If you value your business, stay away from the small vendors and stick to those with staying power and track records.

Buy an MLM software package that allows you to create your own reports.

Many packages force you to live only with those reports they put on the menus. Managers must resort to running large reports to answer small questions or concerns instead of small exception reports on demand. Small exception reports can be reviewed quickly and accurately.

Compare features.

MLM software is designed to handle specific business issues and often has a great deal of difficulty dealing with matters outside the original design. It’s difficult to force a software to do things it was never intended to do.

Wise computer buyers compare features and capabilities, side by side, of one package to another. Ask the vendor which features they consider are unique to their package compared to others.

Remember that you are not just buying a computer; you are buying software, expertise, emergency support services, programming services, and starting a long-term relationship.

Choose your MLM software vendor wisely. Do not be tempted to penny pinch in the computer area. If you do, you may cripple your chances for success.

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Is the MLM business opportunity better off worked at home or what?

 

MLM is a legitimate and potentially lucrative way to work from home for your own MLM business opportunity.

By directly selling products while creating your own upline downline, you can work your MLM business opportunity part-time, from home, and at in your own hours. Even with all the potential for making money, you should decide, though if an MLM is for you.

Many people are blinded by all the benefits of an MLM when determining if this type of business is right for them. You do not need to have a college degree or any experience to get into the industry.

The products are already manufactured and are usually shipped by the company directly to your customers. Plus, you choose your hours and your work location. In fact, many MLM business opportunities are taken by people who work from the comfort of their own home.

Other benefits of an MLM business opportunity that is worked from home is that you have leverage; you continue earning commissions on a single effort. You do not need to come up with your own business or marketing plan, because the company does it for you. Also, recruiting and training systems are provided for you by the company.

Despite the numerous benefits, MLM businesses do come with some downfalls.

For instance, you usually start of marketing to family and friends. This is especially so if you are just starting your work from home MLM business. This can create some friction and alienation, especially among people who are more acquaintances than close friends and family.

The work is selling, so you need to have a pretty strong backbone, as many people will tell you, “no” instead of the much-coveted “yes”. Therefore, it takes a lot of effort and motivation.

In order to make the most potential income, you need to continuously recruit new representatives. Plus, if you are working from home, your MLM business opportunity require that you purchase a certain amount of product each month or quarter, adding in a financial commitment.

Working at home works for some people. But other people find that it takes a great deal of discipline and motivation to get the job done without being easily distracted. Before you decide to take up the MLM business opportunity and work at home, make sure that you get all the information that you need to make an informed decision.

So weighing out the good and bad, is MLM for you?

Well, if you are a self-starter with a lot of energy and motivation then it is a good start. If you have leadership skills and can set goals and meet them, then MLM might be for you, too.

MLM people have great people skills and are self-starters. They have strong powers of persuasion and can influence people easily.They also have an ability to guide and encourage others to work the program.

An MLM business opportunity is an ideal trade to run on the Internet and work from your home. If you have the personality to run this type of business, then it could be the perfect opportunity for you.

Just make sure you watch out for MLM scams and do your research before joining. Then take advantage of the MLM opportunities that await you. Try working at home and see how well it suits you.

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