If you think you’ve missed the boat in Network Marketing………
March 16, 2009 at 2:05 pm 3 comments
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68 Million people worldwide are part of Network Marketing/MLM
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175,000 people join every week!
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$100 Billion a year global industry
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200 million more people will join in the next 10 years
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A 91% increase in the last 20 years
Which ever way you look at it, these are some pretty impressive numbers and I’m sure that anyone in their right mind would want a part in the future of this amazing industry right?
I guess the reason for your visit here is that you are either already in it and checking me out or you are considering it and still uncertain as to which company to ‘invest your future and possibly your families future in’? There’s a lot riding on your decision and you want to ensure that the company you choose will have staying power. So, what questions can you ask to help you to decide whether this is the company for you?
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How long has the company been trading? (the majority of MLM companies less than 5 years old fail)
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Which market sector are they in and is it a declining marketplace or forecasted for massive growth?
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Have they shown consistent growth and profitability since they started trading?
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What’s their 5/10 year plan?
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Are they a bricks and mortar based company, do they own assets?
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Are they Vertically Integrated? (do they own and control the whole process)
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How do they provide training, is it 3rd hand or trained at source?
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Can they demonstrate how your residual income may be safe guarded if the company faced financial difficulties?
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Do they have unique products or are they a ‘ME TOO’ company (entering an already crowded marketplace with similar but inferior products to their competition)?
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What professional associations and awards do the company have, for example; are they approved by the DSA(Direct Selling Association), do they have governmental standard recognitions, for example BS9001 or Investor In People (UK)?
Finally and most importantly, how ethical, honest and fair is the marketing plan, how will you earn your money and are the figures quoted actually being achieved by people in the business today?
These are just a few of the questions we had and you may well have other questions that I have omitted and by all means please send them to me, I would be delighted to include them. I just hope that I may have prompted you to ask a question/s that will provide you with the reassurances you have to have. After all it’s your belief in what you do that drives your business forward, there is no room for doubt!
But back to my original question in the headline. When you have found the company that can provide you with all your answers satisfactorily, there’s just one more that you need to ask:
“HAVE I MISSED THE BOAT”?
What you really want to hear back is:
“OUR BOAT HASN’T EVEN BEEN BUILT YET”
I hope you found this article useful? Please use the form below to contact me with any comments or questions you may have and to receive further information on the company who answered ALL of my questions.
Entry filed under: Your Call. Tags: corporate, dreams, full-time, fun, Future, genuine opportunity, goals, happiness, help, job security, MLM Questions, more time, Network Marketing, part-time, pension, Recession, recruiting now, relationship, stressed, support, training, worry.
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Devon Brown | March 23, 2009 at 5:10 pm
I’d love to know where you got those statistics at! Those are some awesome numbers and very inspiring! Thanks!
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Mark Judd | March 23, 2009 at 6:15 pm
Hey there Devon,
These estimated figures can be found generally through-out the internet, you might also want to check them out with the DSA. I know the European figures alone are astounding and when adding the rest of the world well, they kinda speak for them selves. Try searching on a few of the headings and I think you might be surprised!
Mark
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Mike | July 5, 2009 at 9:16 am
MLM or network marketing I think is a really good, fast and legal way to earn a living – both offline and online. Too bad there are scams out there that smudge the good face of the industry. On the other hand, there are also those that are legit, some of which I’m a part of.