4 IMPORTANT FACTORS TO CONSIDER BEFORE JOINING THAT NETWORK MARKETING COMPANY.

 

4 IMPORTANT FACTORS TO CONSIDER BEFORE JOINING THAT NETWORK MARKETING COMPANY.

Super day my wonderful friend I hope you are doing great and fine.

Today's training is about some important factors to consider before joining that network marketing company.

I have been actively involved in network marketing profession for seven years and I've experienced a lot of things.

Network Marketing industry is a great Industry I can never regret that I encountered it.

Although I enjoy the industry now than when I started I still which I had known some things during my early days because getting those ideas would have positioned me for a faster result in the industry.

These four factors are some of the things I wish I had known back then.

Nevertheless, I'm still happy that I learned it the hard way.

At least I can't forget the lessons learned.

These four factors are not the only factors to consider before joining that Company.

There are many of them but in my opinion these four are the most important factors to consider before joining any network marketing business.

I know that there's a 90% chance that every new networker is always found by their companies and not the other way round.

This is what I mean...

90% of new people join the first network marketing company that exposes them to the MLM Industry. 

 They join without researching about these factors.

They may know about them during the the business presentation but that is the end of it.

They don't do personal research about the founder's capability, effectiveness of the products, compensation plan e.t.c.

The reason behind this is simple if you are new to an industry, alot of things will elude you because you don't know what you don't know.

You are likely to only go by what you hear during the company's business presentation.

In most cases it's just like your religion. 

Religion found 90% of the people and not the other way round.

You are in your religion probably because you grew up in it.

You didn't know that there was anything like religion as a baby in this situation, your religion found you.

Same thing applies to first timers in network marketing.

They probably won't know that there are other companies outside the one they are introduced to.

So in most cases, they begin with that one without paying attention to alot of things.

This is what usually happens to 90% of networkers.

In situations like this, it  wasn't your fault.

but if you have been in the industry for a while and you want to join another company you must consider all these factors carefully.

#1) MANAGEMENT

These are the executives that coordinates the activities of your company.

The success of any company begins and ends with the management.

your company can be doing really great but a little mistake made by the management crumbles everything.

You don't want to build your team only to wake up one day and all your efforts are down the drain because of your Management's wrong decisions.

You must research about your CEO's business track record.

Be sure that he/she has recorded some successes in his/her previous businesses.

No one is 100% perfect in terms of business prowess but you don't want to leave things to chance.

#2) ACCEPTABILITY

This is another factor to consider.  For the fact that you like a product or  business opportunity doesn't mean that other people will like it.

You must observe on a larger scale the market response to the company's product and Compensation plan.

Understanding market acceptability maybe difficult for you to know  if you are building your network marketing business offline But you can still ask objective business minded people around.

For those building their network marketing business online, you can use different online methods to track market acceptability.

I always use my blog traffic to determine market acceptability.

This strategy is simple to do; blog about the business you intend Understanding market acceptability about.

If People's visit to that post is on a high side, it means that many people are interested in it.

but if it doesn't generate much traffic as compared to other related businesses you have written on, it simply means that many people are not interested in it.

Other methods of using to identify market acceptability is to observe the number of networkers talking about such company on social media platforms.

While these ideas may not be 100% accurate in determining market acceptability; they will give you some clues on what to expect when you join the business.

#3) PRODUCTS LINE/ CATEGORIES 

This is another factor to consider before joining that network marketing company.

Your company's line of products will determine income range in your business.

If two networkers with equal capabilities promotes different companies.... 

If one of them Promotes a company with one line of product while the other Promotes a company with many lines of products.

The later will earn more money than the first.

Many new networkers don't know about this idea.

They don't pay attention to product line when choosing a network marketing company.

Another thing you should consider is Product category.

Companies with health Products,  cosmetics and other daily consumable Products will always sell faster than service based companies e.g ( travel and hotels)  or fashion companies  ( jewelry and clothes).

It's always advisable to pick a healthy and wellness company or cosmetics/daily consumable Company.

These categories will help you earn good money faster.

#4) COMPENSATION PLAN

This list won't be completed without including Compensation plan.

If your aim of joining a particular network marketing business is to make money from it then you must pay close attention to their compensation plan.

Some Company's Compensation plan are not lucrative. You earn far less than you work.

Don't be in a hurry to sign up.

Go through the explanation and ask questions where you don't understand.

Most networkers are always led by the initial hype only to discover after they are registered that it wasn't worth the rush.

If a Company's Compensation plan isn't okay by you no matter how attractive it is don't join.

Only join a business that you are comfortable with.

On a side note; know that you won't understand everything in detail right out the gate.

But ensure that you are comfortable about the information you have received before joining.

I hope you got value from this training.

Do you have any question or contribution to this topic if yes kindly leave a comment below I'll like to hear from you.

Till you hear from me again keep attracting great things to yourself.