ou've heard many horror Instead of paying huge
stories about MLM /network advertising sales and marketing
marketing programs. But costs to promote their products,
what you are really hearing about MLM companies convert their loyal
are stories relating to illegal customers into a huge sales
programs or pyramid schemes. force. They rely on
Basically, pyramid schemes have word-of-mouth to do the
no real, viable and worthy marketing. The commission from
product. Obviously, you do not the savings on employing sales
want to participate in such staff, advertisement and
schemes. You want to be promotions is paid to you
associated with a high quality instead. It is a win-win
product that you will readily situation for both the company
endorse. and the MLMer.
Why participate in a MLM or If you decide to join one, please
network marketing company then? note that many MLMs require an
The lure of joining a MLM has initial investment. Before making
great appeal: It allows you to such an investment, here are 10
work part-time, gives you an tips on how to choose a good MLM
opportunity to build residual program to promote:
income and you become a small
business owner. MLMs have 1. Choose a program that you
created many millionaires. Those like or have some interest in.
who are successful testify that The best way to know if this is a
it is a result of hard work, program you wish to promote is
continuous prospecting, whether you are interested in
motivating and training others. purchasing the product for your
own use. If so, chances will be
The concept of MLM is simple. that there will be others who
will be interested in the same Some MLM companies impose a
program. pre-requisite before you get
paid.
2. Look for a program that is
of high quality. For instance, 7. Choose one that gives you
choose one that is associated plenty of tools and resources to
with a top expert or many experts help you grow the business
in the particular industry. easily.
3. Participate in ones that 8. For online MLMs, check
offer real, viable products. whether the company has a proven
system that allows you to check
4. A program that caters to a your network and compensation.
growing and target market will There must be a reliable referral
ensure that there is demand for tracking system.
your referral. Do your research,
participate in discussion forums 9. A program that offers strong
to get feedback. incentives for members to renew
their membership each time.
5. A compensation plan that Obviously, one that provides
pays out a residual income and a continuous help and upgrades for
payout of more than 30-50% will its product and business will
be great. Avoid wasting time tend to retain its members and
with programs will ensure growth of your
that do not reward you network.
substantially for your efforts.
10. Be aware of any complaints
6. Be aware of minimum quotas or if there is anything about the
that you must fulfill or sales MLM that the current subscribers
target that is hard to achieve. are unhappy about. Do your
research by checking out touch with them constantly and
discussion forums. If your automate your business easily.
upline is someone you know, you With the above 10 tips, I have
can always ask him/her to spell narrowed my search to an exciting
out if there is any downside risk MLM company that I highly
involved. recommend. The payout is great
With millions of people coming on at 65%. Check out
the internet, an online MLM will http://www.e-SuccessMap.com for
be a great business to be in. more information if you are
You can easily recruit affiliates interested.
from all over the world, keep in
About the Author:
Evelyn Lim is an online business entrepreneur. She publishes a free weekly newsletter "Mapping You to Success" for aspiring e-biz owners. The aim of her publication is to equip readers with skills to acquire multiple sources of online income. To subscribe, please visit http://www.e-BizMap.com .
Read more articles by:
Evelyn Lim
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