Top 10 Things to Look for in the Best Network Marketing Companies
Looking to create income from home around your family with one of the best network marketing companies? Aren’t sure which company is best for you? The best network marketing companies will have each of the components found below. Do your homework, stay the course in your opportunity and network marketing can easily change your life! It has mine!
1. No Parties
Some people love hosting parties, but that was never something that interested me. I created my business so I could be home with my family, not so I could be out every night hosting events.
Remember, you can only hold so many events because there are only so many hours in a day. Make sure to find a network marketing company where you can host events if you want, but you aren’t required to. The party model is a dying breed; you wouldn’t want to jump on a sinking ship!
2. No Inventory
With inventory comes risk. The last thing you want is to invest exorbitant amounts of money in products hoping you can offload them, or worse, buy lots of products only for the company to discontinue a line or change the packaging, ultimately making your inventory worthless.
3. Proof of Concept
A network marketing business is nothing without a product, and you want to represent good products that work as promised. Ask to see documentation of any clinical trials the company has done to prove their products’ efficacy. Not only will this prove you are representing products that work, it will be a great selling point when you discuss your product or business opportunity with others.
4. Consumable Products
This one is so important! If you want residual income, you want to represent a product that people will need and want to buy over and over again. When a customer buys a non-consumable product, like a piece of jewelry or a bag, then they don’t need to come back to you!
Is the company stable? Are you sure your company will be around in a decade? If you align yourself with a billion-dollar brand backed by a strong reputation, you can feel confident as you build your business and discuss it with others.
How does the network marketing company represent itself? Is it worth YOU and your personal branding? I only align myself with the best, as should you!
7. Room for Growth
Is there room for growth in your company? It’ll be hard to grow a business with tens of millions of distributors, but if you can find a network marketing company with branding, stability, and lots of room for growth, you’ll know you’ve hit a home run!
8. Compensation Plan
How you get paid matters. It’s important to look at all facets of the compensation plan when comparing companies. For example, one might seem to offer better compensation because of a higher percentage of commission, but they may offer less compensation on your generational downline. Keep in mind that the ultimate compensation plans can be highly complicated. At the end of the day, it’s best to choose a company and product you believe in.
9. Upline and Training
Nothing is worse than a toxic upline or a sponsor who doesn’t work their business and help you get started with the right systems and tools in place. The sad truth is that your sponsor’s mentorship directly impacts your success in network marketing. Remember, you are going into business with someone, so make sure you like them and feel you can work with them over the long term.
10. Culture and Community
Culture and community are everything. Make sure the culture is positive, supportive, giving, and successful. Choose wisely and you will create a structure of lifetime friendships.
Bonus: Money-Back Guarantee
One last tip: The best network marketing companies will offer a money-back guarantee. If you terminate, will they buy back any unused products? Not only does this provide you with a low-risk business opportunity, it’s also great to lean on when signing other distributors.