Want to join one of the top 50 network marketing companies? Get ready for long and extensive research. Marketing hype is only rarely indicative of real quality. In order to pick the right program to join, you will have to draw your own conclusion on the basis of facts.
Membership in Relevant Associations
Start with the basics. Go to the Direct Selling Association (DSA) website. There is an extensive list of all the companies that are members of the association.
The DSA members have to stick to a code of ethics. Some MLM practices are much better than others. You should be looking for highly ethical and transparent business practices, if you want to turn network marketing into a long term occupation.
Look at Professional Rankings
Many websites, magazines and professional organizations accept the difficult task of ranking network marketing businesses. Such rankings can give you a lot of information about the top 50 network marketing companies and the benefits you will get to enjoy by joining each one.
Some rankings are much more reputable than others. The Fortune 500 list, for example, is one of the most trustworthy sources of information. The best network marketing companies will be listed alongside other highly successful businesses. The information is created on the basis of revenue figures and the level of growth that the companies achieved.
There are special rankings dedicated exclusively to companies in the MLM niche. Pay attention to the factors used to rank the companies. Revenue is only one of the important criteria.
Examine the Product
Once you have narrowed it down to several viable possibilities, you should get started with the in-depth research.
The type of product is obviously the first and the most important factor to examine. Is the quality really high? Is this product something that you will feel comfortable working with on a daily basis?
The best network marketers have strong belief in the quality and the usefulness of the product they are trying to sell. Customers are very intelligent and they can sense when marketers are really passionate and when they are simply doing a job. You want to be included in the first group and the quality of the product will be largely determining.
Is Network Marketing Right for You?
Before doing anything else, you have to ask yourself one final question. Are you certain that network marketing is the career opportunity you want?
Assess the pros and the cons of working in the field of MLM. You will have a lot of time and you will be your own boss. The freedom from the traditional employment model attracts many people to the industry. Still, you will have to work very hard and be fully committed. This is a serious job opportunity and it should never be viewed as a leisure time activity. By having this kind of attitude, you will be setting yourself up for failure.
1. Design your cards to be easy to read for one thing if you are not using premade ones offered by the company you have linked up with for network marketing. If the cards are difficult to read it does not matter how you use them, people will not read them.
2. Carry your business cards wherever you go. You never know when you will have the opportunity to leave a card with an interested person. There are card carriers that you can get that will fit in your pocket or purse. These carriers will also protect your business cards from getting bent.
3. Send one of your Network Marketing Business Cards with every correspondence you send by snail mail to any interested individuals. This could be with quotes you give on an order or answers you are providing a prospective or existing customer or client. This just gives customers or clients a convenient way to carry your contact information with them wherever they go.
4. Pass out business cards at any recruiting event where you are trying to find people for your downline. These people are as important as potential customers or clients are. You want them to remember how to contact you once they have made up their mind to help you promote your business.
5. In some situations, you may have to be sneaky with your card. Write down your cell number on the back of your card, hand to someone and tell him or her it is your direct line in case your home number or business number is different. This way, you do not even need to be talking about the network marketing to pass your card to them. The topic may be what paint you used on your house and if he or she calls you, you will be happy to tell them after you get home. People will become curious to what is on the front side of the card and when he or she calls for the name of the paint, he or she may ask you more about your network marketing.
6. You need to be careful not to push your card on someone who may not want to take it. This person could view you as over aggressive and you will scare him or her off instead of encouraging further contact.
Follow the above tips to get the most out of your Network Marketing Business Cards. These cards will encourage more sales or people to join your downlineBusiness Management Articles, but only when used wisely.
1. Be coachable. MLM is a business of duplication. Those who've already been successful will share their secrets to success, and all you need to do is listen and then do what they tell you. Unfortunately, I wasn't very coachable in the beginning. I was successful in traditional business and figured I could do the same things and be successful in network marketing. Boy, was I wrong! Because I didn't listen to my upline leaders, I didn't make any money at first. Successful MLMers have been there, done that--and have the paycheck to prove it--so be coachable, and duplicate their success.
2. Develop your dreams, goals and objectives. Studies have shown that very few people have written dreams and goals, yet those who do achieve high levels of success. Identify your dreams first. As yourself, if time and money weren't inhibitors, what would your life look like? Describe your dream house in great detail. Likewise, get a mental image of your dream cars, vacations, wardrobe, lifestyle and so on.
From those dreams, develop your goals. A dream is the big picture, and goals are the steps that will get you to your dreams. For example, let's say your dream car is a Mercedes SL65 with a cost of $225,000 and a monthly payment of around $3,800. What are the steps you need to take to achieve that dream? An increase in your income might be necessary, so your goal would be to increase your monthly income to, let's say, $10,000.
Next, you break your goals down into bite-size objectives (in our example above, this would be the things necessary to increase your monthly income to $10,000). Each day, you should review your dreams, goals and objectives in order to determine your daily activities.
3. Work. Network marketing has probably produced more millionaires than any other industry, and although each of those people built their businesses with different companies and using different methods, they all did one thing--work. MLM isn't a get-rich-quick scheme; you'll only get rich through hard work.
One of the main differences I see in those who fail vs. those who succeed is their level of work. Most people who've failed treated their MLM businesses like a hobby, working whenever they had some spare time. The top income earners, on the other hand, work at their businesses every day.
Let's say that after a thorough evaluation of your schedule, you can only devote 10 hours a week to your business. Take a daily planner and block out those available time slots. Remember, work isn't filing, checking e-mail or surfing the web. Work in MLM is prospecting, presenting, following up, registering new associates, training and support.
In the beginning, you should spend 90 percent of your time on prospecting, presenting, following up and signing up new people. As your network builds, you can devote more time to training and support. But never, ever stop prospecting, or your business will die.
4. Be consistently persistent. Most network marketers give up too early. They expect to make $10,000 their first month, and when they don't, they quit. But it takes time to build an MLM business. You're going to have to contact a lot of people, give many presentations and endure a great deal of rejection. However, it's the person who is consistently persistent who will succeed.
If you're duplicating a successful system, the only thing separating you from success is time. When things are looking dark, keep going. Make one more call. Talk with one more person. Follow up one more time. If you're with the right company, you should never give up because you'll eventually be successful.
5. Make a million friends. The advice that made the biggest impact on my success in network marketing was to go out with the idea of making a million friends instead of a million dollars. You can only be successful in network marketing if you help others become successful. So go out and find some new friends who you can help become successful in your business. Forget about your wants and needs, and serve these friends instead. This concept is called "servant leadership"--you lead by serving those you lead. The more friends you make and serve, the greater your success in network marketing.
These five principles of success are just the start. I'm sure that your sponsor and upline leaders have their own list, so make sure you ask them how they became successful. And finally, realize this: It's one thing to have this knowledge--and a whole different thing to actually do what you've learned. So be a doer, and watch your business and income skyrocket.
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+ The value of skills over cash
A lot of people get confused. They think that cash is the be all and end all of everything. If we look at the true value of things, we can see that the skills we have determines our Paycheque.
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Multi Level Marketing gives us exactly this same ability. The best Multi Level Marketing opportunities gives us the ability to learn the skills of how to do marketing, and what makes a successful products. We also learn a lot about ourselves, our strengths and our weaknesses. Knowing all this is like being able to print cash.
