Serious money is made by those who take their network marketing oppurtunity seriously. So, with that being said, before leaping into the very first network marketing opportunity that is put in front of you, ask yourself six very important questions:
1) How Much Money Will I Need?
Your network marketing opportunity can cost you anywhere from one dollar to a few thousand dollars. I bet if they cost more it would cause people to put more of their heart into their network marketing oppurtunity. The beauty of network marketing though is that it takes very little capital to start which allows anyone to really make it big if they do the work.
Comparatively speaking, the first franchise I opened cost me $140,000 to open the doors. I am glad I do not own it anymore. My current network marketing opportunity cost me $1,500, one-hundredth of the franchise cost. The bottom line is you need some capital to start any business, but the reality is, how can I afford not to invest in my future via a network marketing opportunity.
2) What Does the Compensation Plan Look Like?
When looking at the network marketing opportunity you are interested in, make sure you comprehend the compensation plan. You need to understand when and what you get paid for and then work the plan to optimize your income. Your sponsor should have the answers to your most pressing questions about how your network marketing opportunity pays the distributors.
Set goals but remember, it will take time to achieve the big numbers. Everyone always wants to know what their sponsor makes, but don’t ask. What they make has no meaning to how much you can make. The big question is, ten years from now what will my check look like? The only path to success is to stick with your network marketing opportunity and DO NOT give up.
3) Is the Training Just A Bunch of Hoo-Rah?
I love a group of excited networker marketers, but is the training delivering you content. If there are meeting in your town, you should be there. These other networkers can teach you all kinds of things about building your business. Does your network marketing opportunity lay out a easy to follow process that is easy to duplicate? It is all about the training, your personal development, and most of all turning you into a leader so you can lead others and show them the way.
4) Is The Product Something You Would Be Comfortable Promoting?
When your enthusiasm shows for your network marketing opportunity and your products, your passion is contagious. BUT, beyond passion, does the product deliver the results? Sure, testimonials are wonderful, but are the products claims backed by scientific evidence as well? Consider the ways in which you will promote your products and get ides from your sponsor and other networkers.
5) How Long Has The Company Been In Business?
This is HUGE! The first network marketing opportunity I was in closed the doors just when I started making great money. It took a long time before a sought another network marketing opportunity because of that one huge mistake. I did not check out the company, I just jumped in! The company I am with now has been in business for over 22 years. You must find a stable company. A stable publicly traded company that must report to shareholders is a great foundation for the hard work you will put into your business.
In the same way I interview those I want to sponsor, you should interview your sponsor and the company being represented. You want your network marketing opportunity to be alive and prospering well into the future so you can keep getting your residual paychecks for decades to come.
6) Can You Sponsor Lead And Teach You?
Will your sponsor work with you until you have developed into a leader? You want the person that introduced you to your network marketing opportunity to be a person you can look up to and who can lead you to success. This person is really your business partner and you will initially spend a lot of time with them learning how to lead and duplicate the process.
To sum things up, if you treat your network marketing opportunity like a real business, choose a great leader to emulate, pick a reputable company with a great compensation plan, and are willing to put in the time and effort to grow, you will succeed. Do not give up. Those not open to your network marketing opportunity will try to shoot you down and steal your dreams. Treat your network marketing opportunity like the serious business it is, enjoy yourself, develop a great positive attitude, and the success will come.