Finding The Best Network Marketing Companies
So how do you find the best Network Marketing Companies either to join, research or compare to your existing company?
Literally millions of people every month go looking for home businesses eveyone month by putting into google search terms like shown in the screen shot below.
Network Marketing or MLM (Multi Level Marketing) is one of the most popular home-based business vehicles people choose because of the low cost to start up usually less than $500. With the right company there will be training, support and marketing tools in place to help a newbie get started.
My Criteria For Picking The Best Network Marketing Companies
Having been involved with five different network marketing companies in the past 10 years, two of which were start ups and complete disasters, experience has shown me some critical criteria in picking the right one to partner one. This criteria is:
1. They are in the top 100 direct selling companies list in terms of sales revenue.
2. They are at least 5 years old with a minimum sales turnover of $50 Million which is growing year on year
3. They have the right management team in place. The last 3 companies I met the management team (twice I flew to USA) before I engaged in the business.
4. The basic fundamental processes are in place ie. payment system for customers, payment system for reps and customer delivery
5. Training systems, support systems and world class marketing tools are in place for the field.
6. There is major upside potential for the company in the coming years.
The Problem With The Top 10 Network Marketing Companies
Without being too critical of the top 10 companies most of them like Avon, Amway, Herbalife, Mary Kay & Nuskin have been around for a very long time with huge competition from other marketing channels. Yes there are many people involved in these companies who make alot of money but the reality is for most new people who join they somewhat missed the boat.
The trick is finding a company before it hits momentum but is not a startup and has some proven track record.
One of the reasons I joined my current company in 2010 was very few people had heard of the company yet it was just about 5 years old with an excellent track record in the USA and they were looking to take their business around the world. I believe in the next few years the company will go from $143 Million to a Billion dollar company. With 2013 growth topping $50 Million and growth speeding up you can see there is massive upside potential.
Now your passion may not be Travel like mine but it maybe Nutrition or Skin Care which is absolutely fine. Another important thing is pick a company that has a product you feel passionate about as you will be marketing it. Having belief in your companies product and in the company are absolutely critical for you to succeed.
I made the classic mistake one time of joining a company because I trusted my friend who introduced me to it but the truth is I did not I did not feel comfortable with the product. In a very short few weeks I realized I had made a big mistake in joining that company and broke ties with them.
I hope you find in valueable in researching network marketing companies and that you will find the right one for yourself.
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