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How To Pick an MLM Company

How To Pick an MLM Company: Are you trying to figure out how to pick a good mlm company to get started with?

Picking the right MLM company is super important. Picking the right company is far more important than you might even realize.

Because lets say you join some fast rising star. The new ground floor revolutionary MLM opportunity that's making huge waves and that's spreading like wide fire. The upside is that in the short term you might make some money. But what about long term? Will the company be still around in even a few years.

One example that comes to mind is the recent story of OneCoin. It skyrocketed to the top of the MLM charts in recent times! But now everyone's left panicked wondering whether or not it's a scam and if it's going to crash and burn.

Or another example: Stemtech International, a USA based network marketing company and offers "innovation, wellness and prosperity" in the global marketplace just recently filed for bankruptcy.

But it's not only that, picking the right MLM company is so important because first off your future is riding on this business decision. If you pick the wrong company you could end up wasting many years of your life along with thousands of dollars in expenses only to wind up going out of business as a result of no fault of your own. Something that the company management did that ruined the company or the FTC shuts them down or whatever the scenario may be.

There's another BIG ISSUE that most people don't fully understand. There's basically a war on MLM right now. Just too many people have been burned in the past, so now regulating bodies are stepping in with increases scrutiny on MLM companies, shutting down many of the smaller ones, and only letting many of the bigger one's that are already "grandfathered in" to make it. After all they don't want to necessarily ruine the industry as it's a cash cow for the powers that be.

So here you are, stuck in the middle of all this chaos not really knowing what step to take in order to ensure it's a safe one. Here's some basic rules and principals to follow which can help ensure that you pick the right MLM company:

1) Has the company been around for at least 10 years? (some say 5 years, I don't think that's enough time. I say 10 year minimum)

2) Does the company have a generous compensation plan that actually will give you a realistic chance to one day retire off the plan, or do they keep you running around like a rat in an endless maze, never fully being able to take it easy?

3) Does the company have a product that can evolve and grow that meets a pressing ongoing need, or is it a fad that's destined to fad away? ie: Vitamins or Make up lets say chances are will be around for a good long while. While the latest tech gadget will be old hat by next year unless they update it regularly. A situation that ACN ran into with their video phone. Will within a few years the iphone had come out, then video chat and left the ACN video phone in the dust!

4) How many words in the company name? If it's too wordy that's a bad sign. It should be short and sweet like: Amway, Herbalife, Nuskin, Avon ...see how catchy those company names are compared to something like: 2Xtreme Performance International ? Or Fortune Hi-Tech Marketing (FHTM) which had to abbreviate it's name in order to not tongue twist it's members. 1 word is best, 2 words is ok 3 is already too long. Which was an actual MLM company at one time.

5) Are the product prices realistic? (if they're too high it could be a warning sign as often MLM products tend to get overpriced)

6) What are others saying online about the company? (for example as I'm writing this, OneCoin is still in business even though most people seem to be thinking online that they're some kind of a scam.

7) Does the product and company interest you? And will you actually enjoy buying the products. For example, let say you're a makeup artist by trade and you join some kind of a make up company like Arbonne or Avon. So chances are you'll get a lot of use out of the products. Or you're into fitness and you already buy supplement regularly, so you join some kind of a health and wellness company and you get onto their whey powders and things like that. That way you're just switching what you're already buying anyway. But if you join something that you have no interest in and or the product isn't already something that you buy, then you run the risk of quitting the product and company as soon as you're not feeling that the business is paying off. Where as if you buy the products already and are passionate about that area already then chances are you'll stay a lot longer with the company, which will increase your chances of eventual success.

8) Can you actually make time to do this in your already busy schedule? Most MLMer's don't really take that into consideration when joining. They don't realize how many hours it takes to build a business. It's practically a full time job. And we get a lot of clients that come to use specifically wanting our services to help them grow their downlines simply because they don't have time to do it themselves. So for more info on how we build downlines click here now.

9) You're not only picking a company but you're picking "the mlm industry". So you have to factor in a failure or two along the way in some cases. Because even the biggest companies can go under if situations change. Of course it's safer to join a bigger company but it can be harder to convince people to join a saturated MLM brand name. Where something new and flashy sounds cool, so people are more likely to join but then the chances of failure also go up. So if something falls apart could you see yourself picking another company.

10) Compare a few and even join a few. There's no rule saying you have to only choose 1. And you can compare some different one's. Weigh the pro's and con's of them and see which makes better sense for you.

So pick wisely as ideally you don't want to have to rebuild your MLM business at some future stage of the game simply because you picked the wrong MLM company and they went out of business.


 

OTHER:

Also be sure to check out our free article on 101+ ways to promote your mlm business here

Click here to see our fully automated downline building system now!

Click here to exchange links with us.

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