Network Marketing Business Opportunities
Any Network Marketing business opportunity worth considering will either have a track record that you can investigate and evaluate or it will have a clear statement of the plan, the potential, and the up-front costs. Before starting any specific Network Marketing business opportunity, there are some questions you should consider first.
1. How long has the business opportunity been in business?
It is important to determine how long it has been operating. If it is a new concept and has not been proven in the marketplace, you have no assurance that it will even work. The true test for a good Network Marketing company is three year and how effective they have become over the course of the three years.
2. Does the company have a fixed address and phone number globally?
This may seem obvious to you, but the fact is, thousands of companies operate with nothing more than a website and an email address. Many of them are here today and gone tomorrow. Make sure the business you intend to deal with has a fixed address, physical location, and established phone number locally and globally.
3. Does the Network Marketing business opportunity have many successful members you can talk to?
Most business opportunities will show you testimonials. But these are often untrustworthy. They could even be completely fabricated. Ask the owner of the business for names of real people you can talk to. Call them on the telephone and ask them to share their experiences. This will not only provide you with valuable first-hand information about the business, but it will give you a list of advisors who might be willing to help you along the way.
4. How much are you going to start with?
In many cases a proven Network Marketing business opportunity with a successful track record will involve some kind of capital to start with. It is not investment. It is just like you are buying your membership. You should not assume that a business opportunity that is free to join is better. Usually a free-to-join business will involve other costs such as marketing and advertising fees. Just keep in mind that nobody gives away “opportunities” for free.
What you have to determine is whether a specific Network Marketing business opportunity has a successful track record, is managed by honest people and offers you a realistic chance of actually making real money. These are the things you must weigh against the entry costs.
5. What is the realistic income potential of the business?
Have a careful look at the numbers and projections provided by the business opportunity. Then talk with actual members who are using the program to determine if they have been able to turn those numbers into reality.
6. Are there extra fees such as yearly or monthly subscription fees, shipping costs, or minimum purchase requirements?
Make sure to get a detailed list of all the fees involved in operating the new business. These things may not seem significant now, but they can easily eat into your profits later. Better still, a network marketing business where you don’t pay much fees should be a good idea for you.
7. How much control of your new business will you have?
Be clear on who owns the business, and who controls the way it is developed and marketed. You may want to diversify your product offerings in order to avoid being at the mercy of a “head office. The MLM business opportunity should require low startup and have high profit potential both in the short term and in the long term. It should allow you to build a profitable business of your own that will be a source of income far into the future.
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