Before paying to join any network marketing company.by Alice Coaxum Writer/ Web Host/Internet Marketer
Before Paying to Join Any Network Marketing Company
By Alice Coaxum
You just heard of a great opportunity. Several people you know are involved with the company and they tell you that his is the one and you need to join now!
You are so excited. It sounds like such a wonderful opportunity. People are earning already. You know how much it costs to join and you have the money.
Halt, stop, do not pass go and do not collect 200 dollars.
1. Have you checked the company out? You can Google the name of the president of the company. Check the company out with the Better Business Bureau and see if the company is reputable or if they have been involved in any business scams in the past. If so be wary of dealing with them.
If they have been unscrupulous in the past do not assume that they have regained good business morals or a conscience now. A good company will run their company well and their aim is not to cheat you. They have integrity.
2. Did you find out how long the company has been around? Timing is important. It is best to not join a company that has just started up. Most companies fail after two years. Where would that leave you? If they make it to three or four years, join then. It will be just as good or better than what they are hyping it up to be now.
3. Have you really investigated the product? Is it truly remarkable? You want a product that people want, need or just have to have. While it is good when you can use a product you market, do you absolutely have to use it? No. It is for the customer and does not have to be for you. Example: A man selling make up or a woman selling vitamins for men. Find out what the people want and give it to them.
Also is the product you will sell available online or in a store for less than you will be asking? If so, where do you think customers will go? People will go to who ever is selling the product for the cheapest price.
4. Have you truly checked out the compensation plan? If the company says you can make 12,000 per month or even 40,000 a month have you checked into how much volume it will take to do that or if your pay plan is even based on volume?
Is the compensation plan based only on referrals? Does the money stop when you are not recruiting? Those are things you need to know. You also need to know what type of plan it is. For example: If it is a matrix plan you may need thousands of referrals to achieve your desired level of pay.
If the company is offering spillover it can promote laziness. Many people will join and do nothing thus waiting for you to build their business instead of contributing to the business. Are you willing to pay month after month or year after year to be in a business that will be almost impossible to get the extremely large amount of referrals needed to achieve the monthly amount of money the company is offering?
Also if your plan is a 4X6 matrix for example: Do you realize that you will not make money on levels 7 on down. What if that is your strongest level? Or what if level 9 is? It does not even matter because you will not get paid on the levels outside of your compensation plan.
5. Can the system be duplicated? If you can not train your sponsored team members to do what you do or if the one who sponsored you has not taken the time to properly train you how far do you think your business will go? People who do not earn money get frustrated and they will drop out of your business. You need a system you can use to train your sponsored members so they are prepared to help build the business.
In addition to these five crucial steps do not hesitate to ask for a companies policies and procedures. That is a binding contract between you and the company. What is in there could seriously affect you. Would you knowingly join a company that could terminate you at any time for any reason or even steal the members you worked hard to sponsor and mentor? Of course you would not, as that would be the equivalent of the company stealing your earnings, but if you do not read the contract you will never know until it is too late. Better safe than sorry.
Gain knowledge. Apply what you learn.
Alice Coaxum is a happily married mother of four beautiful girls a dog and one frisky cat. She home schools hers daughters and taking care of her family is a top priority to.
She love networking and meeting new people http://wahmsonline.com
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Created on Sep 18th 2010 13:14. Viewed 279 times.