As a network marketer, your success depends on a number of factors. One of the most important factors is choosing the right network marketing company or opportunity. Your success or failure greatly depends on it.
There are too many networking marketing companies and opportunities out there. All of them are seeking means of enticing you to join them. In fact, not giving adequate consideration to these factors has led so many people to exit prematurely from their network business. Imagine the waste of time.
So which which network marketing company should you chose? Here you will find the crucial factors to consider before choosing the right network marketing company.
Factors to Consider Before Choosing the Right Network Marketing Company
A number of important factors must be carefully considered before joining or choosing a network marketing company. The factors listed below should be given adequate consideration if your goal is outstanding success.
The company’s perception of you as its marketer
I consider this the most critical of all the factors in choosing the right network marketing company. Does the company see you as a tool that should be exploited or as person that should be partnered with or empowered?
Does the company see you as a competitor that should be frustrated or as an important complementary partner? Does the average part-time entrepreneur truly have the chance to create wealth for himself?
A network marketing company that does not place premium value on its marketers will leave both parties dissatisfied. Neither the company nor the marketers can go far.
There would be too many restrictions that are truly necessitated by fear, greed and completion between the company and its marketers. For example, the marketers are not restricted to marketing only for the company.
How would you know this before joining? You may need to come around the company and some of the people marketing for the company. You may need to find out how satisfied the networkers are by being observant. The urge to make you join their team will make most of them not reveal to you how dissatisfied they are. But by being observant to their conversations, you can get to know the true state of the company’s relationship with its marketers.
The stability of the company
This is another important factor in choosing the right network marketing company.
How stable is the company? How long has it been in operation? Is it just starting up? Has there been a steady growth of the company since inception? These are some of the important questions you should ask to assess the stability of the company. A company with over 33 years of existence has a slimmer possibility of going under than one of 3 years.
If a company is unstable, it will likely collapse sooner than you imagine. Majority of companies fail to survive beyond 5 years.
themselves to be reached before payout.
Right vision
Having a right vision is a critical factor if the network marketing company will survive beyond 5 years. Most companies fold before they are 5 years.
The company’s vision is an extension of the vision of the founder or founders of the company. So it is important to know what the vision of the individual founders of the company looks like.
One can easily have a feel of the vision of the company and its operators by looking into their mission statements and goals. This can be found in the white Paper of the company, its website and even social media.
If you are already into a network marketing company, what is their vision?
If you don’t know, you will need to find out.
Compensation plan
The compensation plan or structure is another important consideration when thinking of joining a network marketing company.
Is the compensation plan rated fair enough to give the participants opportunity to truly have opportunity to financial freedom?
Is the pay out fast enough or does it takes forever to get paid?
A good compensation plan should pay you for all your work without exploiting any loophole that they created. A great compensation plan should be able to pay you better than most employment if you take the marketing as a real business.
An adequate compensation plan will not wait for a threshold they set just by themselves to be reached before payout.
Awesome Products
Every sustainable network marketing company must have a product or service to market. This is one of the distinguishing factors between a network marketing company and Ponzi schemes.
Having awesome product lines is a big factor when choosing the right network marketing company to partner with. This simply means you don’t have to compete with thousands of others in a similar niche marketing similar products
The products should be awesome and of high quality. They should be made of the best ingredients, and should be able to attract buyers even without compensation plan.
In other words, the products should give real and the desired results.
Free Trainings
Information is important in making informed decision.
The company should offer FREE training on regular basis to its marketers. The training should be about the company, the products, the compensation plan, and how to get started as a distributor.
The company should be able to provide all trainings and tools necessary to succeed in marketing the products.
All the necessary training materials and videos to get you started on the right track should be provided free. Where such materials are charged for indicates that they are not committed to your success as a partner. Best promotional materials to help improve your retail sales should easily be accessible.
Also, the training materials should fit into the 21st Century Marketing Concepts or strategies.
So this factor cannot be down played when choosing the right network marketing company
Debt Free
The company should be free from debt. This helps ensure that the company does not run the high risk of bankruptcy.
Any company that is in debt is already suffering from distractions and distress. It won’t be long before the debt is extended to their marketers!
Awesome Company Support
Issues are bound to arise from time to time in the company and among marketers. Therefore, the availability of support is crucial when choosing the right network marketing company.
The company support team should be able to settle these issues as quickly as possible.
Hot demand products
This is an important consideration when choosing the right network marketing company.
Are the products in regular demand?
The products that have mass market appeal and that lots of people want and are willing to buy regularly are of great importance. This greatly increases the probability of success with such network marketing company.
Several product categories
This is not a critical factor. But having several product categories that you can choose from improves the success factor. This provides different choices to different people with different interests and needs.
Passion for the brand
Having some degree of passion for the niche as well as the product is important.
You should be passionate about what the company stands for and the products.
It should be noted that passion is developed. So even if you are not passionate about the product now, it can be developed over time.
Overall, people who have great passion for what they are marketing are proven to do better than those who are not.
Having a good mentor or up-line
This is a critical factor when choosing the right network marketing company. It is important that you have a mentor that is resilient and knowledgeable. Having a mentor that would hold your hands at the moment of storms cannot be overemphasized.
Being knowledgeable is critical for network marketing success. It would only amount to disaster if your mentor is still applying methods that worked years back today. Imagine someone still writing a letter and going to post office to get it posted to someone.
Having a blind and unmotivated up-line would only end up in disaster. Nobody ever wants that.
Not putting this factor into consideration when choosing the right network marketing company to work with has made many to quit prematurely. You should not be one of such.
Conclusion
Only just a few network marketing companies would be able to meet up with all the factors listed above. Therefore, you must need to strike a balance when choosing the right network marketing company.
A company meeting up with a good percentage of the above factors will be great to work with.
If you find that you are in the wrong marketing company after considering all these factors then it better to quit.
I have done all these researches before choosing the network marketing company that I am enjoying their partnership now.
Your Next Step
If you think you rock, find out if we can partner together to rock even higher.
You can find out if we are a good fit to work together by checking this page on working with me.
Also check out the 7 Social Media Prospecting mistakes 98% of network marketers make that frustrate and kill their recruiting effort.