Choosing Your MLM Company
By Lois R. Thompson
In recent years, with the growth of the Internet and it's lightening fast communications ability, more and more MLM companies are staking their claims of an Internet presence. The more reputable companies offer their distributors what's called a replicated webiste. This website usually offer the distributor on-line order processing, real time tracking and for some a virtual office from which the distributor can track their genealogy and conduct a host of other business activities.
Unfortunately, many people don't spend much time in checking out a company before joining. They may see an ad or hear about an opportunity to financial freedom and simply sign-up, get a distributor's kit, buy products, and try to learn how to promote that opportunity.
If after a month or two they haven't signed up a good following, are not making a few thousand dollars they simply jump on to another MLM opportunity repeating the same in-effective process or they quit MLM all together blaming the industry for not working. Is it that MLM does not work? Absolutely not! Their approach to it did work, because they are
doing it backwards. If in deed, they took the time to do due diligence, start with a solid MLM company, applied the principles necessary for achieving success with time they would begin to see results.
Surely if you were buying a franchised business you'd take the time to investigate the company, it's products/services, and get to know some of the other franchises and so on. The same should be true in choosing an MLM or any other type of business for that matter.
>>> Choosing An MLM Company Wisely
There are a greater number of legitimate MLM companies with solid integrity and excellent credentials on and off-line, that offer you the opportunity to earn a very good, solid residual income. These are the companies you should be looking for.
Because there are also a lot of "get-rich-quick-schemes", hype and simply fly-by-night operations out there, it is crucial that you know how to choose a company wisely.
Here are some pointers in when choosing an MLM company:
* Has the company been around for a number of years?
* Does the company have an excellent reputation in the MLM
industry?
* Does their website provide visible contact information?
* Do they offer testimonials of satisfied customers and/or
successful distributors?
* Does the company offer a business that can be easily
duplicated - learn and build sucessfully by others?
* Do they provide real time stats and online payment?
* Does the company track off-line sales if you are promoting
off-line?
* Do they meet the criterion of a legitimate MLM company?
* Are the products offered in high demand?
* Does the company have a generous commission pay plan?
* Do they provide good ongoing training and support?
* Does the companies philosophy support the success of
their distributors?
It's also wise to do a search on the web for information relevant to the company. For instance, you could do a 'scam' search which would reveal any positive or negative information about a company, or a Who Is Search to determine who actually owns the website, where are they located and so on.
In addition to choosing an MLM company, you should also choose wisely your Sponsor.
When choosing your MLM company, don't hesitate to contact the the person who referred you to the company's web site. Find out how long they have been involved with that company. Take time to develop a relationship with this person, get to know them, keeping in mind that should they become your sponsor you'll be working in close relationship with them for years to come. If that person is fairly new, request a three-way call with their up-line.
You'll find that good upline support offering training on exactly how the business works, how to build it realistically and how to find and sponsor new prospects can greatly benefit the success of your organization.
Here are some added pointers:
* It is your business, so choose wisely the people that
you'll be working with. Look for those who are self-starters, people who understand that effort is required by all to succeed.
* Take the time to learn and know your business before attempting to promote it. This way, you'll be equipped and prepared to intelligently respond to any questions your prospects or down-line may have. You'll also have a head start on being prepared to train your down-line effectively.
* Be patient! Rome wasn't built in a day, neither will your MLM business earn you a six figure income in a month or two. Keep your focus - It will take time. If your business doesn't begin to pay off in a month or so, persevere - never give up!
* Take time to learn form your sponsor and upline how to train and work with your new down-line members to keep your sales organization duplicating the producess.
* Make every effort to attend and participate in all available training calls, seminars and confrences.
* Be realistic about your goals, being sure to make a workable plan. Work your business as a business, not as a hobby. Remember, that in order for your goals to materialize, you will need to make and work you plan.
So, by choosing a company and sponsor wisely you can build solid residual income in MLM for years for a life time. Get out there and do it ... get going! The only limit you have is, you!
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About the Author
==>>> Lois has been blessed with earning a full time <<==
= income working from home part-time, through combining
= MLM and Affiliate Marketing. You CAN TOO! Subscribe to
= Building Wealth News Ezine and Discover HOW to
= "Bridge The Gap Between MLM And Affiliate Marketing"
= Visit http://www.the-power-to-get-wealth.com
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What Everyone Should Know About How To Buy Wholesale
By: Melanie Burns
Finding a supplier for the product you want to sell, at a price that you can profit from, can be a big task. The best suppliers for your online sales or auctions do not advertise their services and often cannot be found online.
Those that you can find online tend to be middle-men. It is often difficult to get a good enough price to make any real profit online.
Let me tell you about my simple 2 step system to find an untapped source for wholesale suppliers. This is so simple that it's often overlooked as a source for product. This system involves thinking outside the box and not letting policy stop you. (continued below)
The First Step to find a supplier is to find someone that already sells or has access to what you want to sell. This could be a website, an eBay seller, a manufacturer, a wholesale outlet, or a regular store in your city. This is the easy step. You know what you are looking for and you can search on the internet, not for a wholesale source, but for anyone already selling what you want to sell.
Another valuable source for a local supplier is your local phone book. The yellow pages are the best way to find local sources. This should be the first place you look. Doing business locally with someone that you can meet face to face is a big plus for your business.
Another potential source for your product is to find a distributor who would be willing to private label a product for you. You could get a very high quality product for a much lower price than if it had the name brand label.
The Second and Key Step is to convince the source you found to become your supplier.
Manufacturers and wholesale sources often have minimum orders that might be beyond your reach if you are just starting out. Online retailers, eBay merchants, and retail stores may be your best bet. Try to find a small store who is looking to expand.
But remember, you are dealing with a human being and they can be convinced to do business with you. Just be sure to sweeten the deal for them. One way is to offer the person you are dealing with at your new found source, a percentage of your profits from the products he supplies you.
Be sure to project it out for him. If he can see the benefit of working with you even though it causes extra work for him, you can be successful in making a deal.
You could offer him 20% of the profit from sales of his products. For example you could show him that you project to make at least $100 profit from each product, and you expect to sell 40 of them per month. The $4000 a month means an extra $800 per month in his pocket. You still make a nice $3200 profit for the month in this example.
On top of that, he will be ordering more products from his supplier and may be eligible for a higher price break from them. This way, his reward for the effort to work with you, is making money on both sides.
There are many benefits you can offer your potential supplier, but no matter how you look at it, the main thing it comes down to is MONEY. What's in it for your potential supplier to do business with you? If can you show him that, you have a better chance of making a deal with him and starting your online sales.
NOTE: When looking for suppliers around your city, don't go trying to impress the big stores with your $800 or even $3,000 extra income per month proposal. Try going to the little stores that are looking to expand their business, they are the ones that are usually more open to new opportunities.
The big stores are making hundreds of thousands of dollars per month in profits, so an extra couple of thousand would probably not impress them the least bit.
So now you see that by thinking outside the box, you open the door to many possibilities and increase your ability to make money online with your products.
About the Author:
Copyright © Melanie Burns
This article is free for reproduction but must be reproducted in its entirety including live links and this copyright statement. Subscribe to the iBusiness How2 Newsletter to receive hot tips, how to's, internet business tools, and relevant product reviews by sending an email to: newsletter@internet-business-how-to.com
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