Have you joined a network marketing company with great excitement for your family's future and high hopes for firing your boss - only to quit in defeat 2 months later?
There are many "keys to success" in network marketing, but I want to focus today on what I consider the MOST important key. If you don't get this right as you begin your Network Marketing journey, you could possibly spin you wheels for a long time.
What is the MOST IMPORTANT KEY? ------- Pick the RIGHT MLM Company.
Here are 5 critical elements to look for:
1. First, how competitive is the market you're going to enter? You want a product with an untapped and HUGE Wide-Open Market.
2. Is the Network marketing product in high demand and does it have staying power for the next 25 years? Or can you find the over-priced products at Costco? What does this say about the viability of the company?
3. The Retention Rate (people on autoship) of the Network Marketing industry is 15%. It's important that your product is highly sought after and loved, so you can have a 90% or better retention rate.
4. Low Start-Up Cost. In a depressed economy like we have, nothing is more important than having a low entry cost. Your recruiting and new associate sign-ups will falter and slow way down if you have high sign-up costs. This equates into very slow or even no business opportunity growth.
5. A Great Compensation Plan that rewards everyone. It pays big rewards for those who just want to retail products. It pays big rewards for those who's passion it is to grow a huge downline with many legs.
One other think to think hhiin gll. Most MLM nutritional and juice products are priced too high for our current economy. These Network Marketing companies are already feeling the pinch as their autoship retention rate is taking a nose dive.
The best MLM company to be a part of is one that has a product that helps people 'make money' in these difficult times. The company and products should help the new recruits feel better about themselves too and give them hope for a brighter future.
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Would you like to discover a Network Marketing Company that fits every single one of the 5 criteria listed in the article? Visit
Stephen Bolin Blog