If you’re seriously considering paying with your hard-earned cash to start a new internet marketing business you should make an effort to thoroughly analyze the different options available to ascertain, for yourself, what is the best MLM business opportunity for you and your future team.
Because not all online or direct selling businesses are born equal, and spending the time up-front, at the beginning, to do your background checks, can pay of a great deal later. So, here are a couple of things you must consider before you make your ultimate decision:
-How long has the company been in business?
-Are they privately owned, or traded publicly?
-Who is the managing team, and what real world experience to they have in operating and growing a World business?
-Where are they open for business, and can the products or services readily be shipped into different nations without custom issues?
These are all important questions because most new, ground-floor startup firms fail within five years. Not just some, but most. So, even though it may appear like getting in on the ground floor is an advantage, in most cases, it should be a big warning signal because the chances of this new start up company surviving is very slim, and your best possibility of success is to join a confirmed MLM business opportunity with a real record which has been in business, on a steady growth curve, for at least 3 to five years.
One more thing to consider is the cost of the product and services. Ask yourself this, “Would the average person buy this product or service from this company at this price, under standard market conditions, if an MLM business opportunity wasn’t attached to it?” If you can’t honestly answer, “Yes” then you shouldn’t join this company.
The rationale is solely on economics. Understand that most people who start in MLM will sponsor and bring in less than 3 folks during their entire business career. Put simply, most never do what is needed to succeed in their new business. So, if these individuals are required to make a once per month acquisition of a service or product they would not normally buy at that price… They probably will cancel their autoship and quit. Which is why the yearly attrition rate, the drop out rate, in many internet marketing companies is commonly in the seventy to eighty percent range. And any attrition rate higher than twenty percent annually will make building a profitable business quickly; exceedingly challenging.
So the best MLM business opportunity is one that has a good product that folks already use at a price close to what they are already paying. If they are used to paying $35 for supplements they already use, and are now asked to pay $75… if they don’t build the business they will quickly give up, and go back to paying $35 per bottle.
The next thing you must actually consider before starting any new business is how, exactly, you intend to publicize, market, and pitch your new business. Because the base-line is this: you will not make any money unless you sell a lot of products, and sign up a lot of new team members. So what is your plan? Because even the best MLM business opportunity out there will not make you a cent unless, and until, you efficiently and effectively market and promote that business.