Control your personal finance   free website content | contact | privacylink partners
Home » Business
Money articles

» Personal finance
» Credit cards
» Saving money
» Debt elimination
» Budgeting
» Investing
» Business
» Real estate
» Making money
» Miscellaneous
» Career
» Loans
» Promote your business
» Insurance
» Bankruptcy

» Archive

Pick a winning company, and make it work for you

Well, you've heard it all haven't you ?? Headlines screaming with promised riches, group meetings that pump you up with music and hype, people telling you over and over again that this one is different ! How in heck do you sort through it all ?

Network marketing is a jungle ! In fact, there are over 27,000 network marketing businesses in the world. Many of these companies will fold with in their first 2 years in business.
The hard reality is that only a measily 1% of network marketers ever make the big time ! WOW ! Still wanna leave that "9-5" ;-) Wouldn't you like to increase the odds in your favor ?
It is true.... you CAN. But it is not going to be easy ! Simple yes, but not always easy!
OK, let us look first at the "COMPANY". Experts within the industry have given us some landmarks to go by when choosing the right company. You need to find a company that has reached the "benchmark" of at least $50 million in sales in one calendar year. But that's not all! You also want a company that is not done growing. In other words, you want a business that is in it's "pre-momentum phase" of development. This is the stage when it is steadily increasing in growth, but it hasn't reached "the masses" yet. Here's a litmus test for you. Go out in your neighborhood and ask 20 strangers if they have heard of your company yet. If one or less has, you may be on to something.
Now, let's look at the products. The most successful of the network marketing companies have a consumable product. One that is used and loved and people want more. The product should also have a uniqueness to it. The best products are new, in demand, high impact (immediate results) products that are priced reasonably. Even better, the products should have an emotional appeal. (youth and vitality, health, and weight loss products fall into this category) Now, if the company you are looking at has all of these, there are a few more factors you should look at. One of the most important features, for me, is the dynamics of the team I will be working with. Interview the people who are trying to recruit you? Do you like them ? Are they positive? Inspirational? Are they more experienced than you are? And if not, do they add skills that will round out what you bring to the table. Do they have the information you need, and if not, do they get back to you with the answer right away ? Do they keep scheduled appointments with you and are they punctual? These things are important, because they tell you a lot about what your working relationship will be like.

Now...here's the crunch....what are YOU prepared to bring to your own business?
You need to be prepared to learn a new business. You need to have "bounce-back-ability". You need to see your future so clearly, that nobody can take you off your chosen path.
Make no mistake about it, you DO have to do SOMETHING !
Now, if someone tells you that you can make money/do nothing you need to RUN... fast, in the other direction. We all know that is not reality.
First, you need to talk to people then you have to sell something. Yes you do ! Network marketing is just that! Let's break it down.
"network" (talk to people) and "marketing" (sell something) This may go against what everybody has told you, but it's a fact. The thing is, if ALL of the other things are in place, then it makes your "job" easier. If you have a team that can teach you, and help you refocus through the tough times, if you have a product that people can get passionate about, if you have a company that you can be proud of, then, just add YOU. The final ingredient in your "success recipe".

About the author
Shelley Penney is a network marketing and internet marketing specialist with 7 years in the field. She is currently mentoring a small group of people to achieve financial freedom from home. If you would like to be part of her group, please go to http://marketsmart.ws/WorkFromHome.html and fill out the form for consideration.

Search CashBazar

Google
 
Web www.cashbazar.com


Latest money articles

» Controlling the price changes in futures markets
The lock-limit is one way that the markets can be controlled.

» How much will price changes effect stock trading?
Price elasticity is an economics term that refers to the way that price changes of stock can affect the demand for that stock.

» Large volume trading in steps
Program trading is a term that is also used in at least two different (though similar) meanings.

» How many stock options are available?
Open interests are not a feature of all stock market trades. In fact, open interests are calculated based on options and futures trades.

» Protect your portfolio from large losses
If you are worried about the stock market, then you might want to consider portfolio insurances.

» Insure your investment without limiting returns
Are you looking for a way to trade on the stock market without having to deal with all of the risks?

» Regional funds explained
Increase your portfolio diversity with funds from other regions.

» What is a derivative?
Invest in commodities without buying the commodities themselves.

» What is an option?
An option is an agreement that a commodity or stock will be available for purchase at a set date.

» Should I always pay a commission when buying mutual funds
There are three main types of mutual funds when it comes to commissions.

» Find the lowest risk investment portfolio
If you're trying to find a good investment portfolio, then you may want to look at the Treynor measure.

» The difference between PAX World Funds and The World Funds
The first type is purchased through the company PAX, and these funds focus on socially responsible companies.

» The Alpha factor explained
A new method of differentiating between different investments.

» How good is your planned investment
A company prospectus is a legal document that has been filed by the company that you might be thinking about investing in.

» How do I find the best investment advisor?
If you're looking for the best investment advisor for you, you should make sure that you pay attention to the type of investments that that advisor usually recommends.

» How to find the best full-service stockbroker - ask questions
Before you decide who you should choose for your full-service stockbroker, make sure that this is the best option for you financially.

» Investing in commodities
Investing in commodities is not too hard to do - the real problem comes in when you are trying to decide which commodities you should invest in, and when it is better to buy or sell a particular product.

» Don't wait to get your retirement payments!
If you're looking for an annuity, there are a variety of different annuities to choose from.

» Multisector bond funds explained
If you are looking to invest in bonds, but you are not sure that you want to deal with making all of the purchases on your own, bond funds might be the right option for you.

» Private annuity explained
The biggest difference between a regular annuity and a private annuity is that private annuities take place between two individuals, instead of between an individual and an insurance company.

» Avoid estate taxes with a life insurance trust
If you're looking for another way to insure yourself with a life insurance policy that will avoid any taxes after your death, then you should look into getting a life insurance trust.

» What is a Section 1035 policy exchange?
Don't lose insurance money when you change policies.

» Who should consider annually renewable term life insurances?
If you're looking for a good insurance policy, then you should probably take a good look at your financial situation, and at what you can count on being your situation in the future.

» Death benefit only plan explained
If you need life insurance, but you are not able to afford the regular price for life insurance, then you might want to look into a death benefit only plan.

» How to save money on your homeowner's insurance
In the case of homeowner's insurance, the most common way to reduce the amount of money that you will be paying each month is to increase your deductible.


Make money online

Please visit Sitetube.com and learn how to profit from your website.