What’s the best mlm to join in 2020? How do you pick a network marketing company?
Read this post BEFORE signing on the dotted line!
Unfortunately, lots of people in this industry sign up for a company without putting much thought into it.
If you’re on this page, I commend you. It means you want to make an intelligent decision instead of just enrolling in the first mlm company that your buddy brings to your door.
In this article, I’ll cover the things to look for and the things to watch out for. Then I’ll show you what we feel is the best mlm opportunity for the new year!
Is the Best MLM Really Necessary?
Won’t any reputable mlm suffice?
Does it really need to be the best?
Well, to put it frankly, yes it does.
If you’re signing up for an opportunity to change your life, you absolutely need to find the best mlm out there.
A wise man (Jim Collins) once said, “Good is the enemy of great”.
Not all companies are created equal.
Not all products are created equal.
Not all leadership is created equal.
Not all compensation plans are created equal…
I could go on and on here, but I think you get the point.
You don’t want to do the work and 5 years from now look over at XYZ company with better products, better culture, and (dare I say) a better compensation plan only to realize you would be making 10x the income for the same amount of work.
If you’ve built a 5-6 figures a month business, it’s difficult to walk away and start over- I don’t care who you are.
Key Indicators of Successful MLM Companies
The following list outlines the key components of the best mlm companies in the market today.
In the words of Tony Robbins, “success leaves clues”.
When you’re picking a network marketing company to join, here are the things you should be looking for.
1) Seasoned Leadership at Corporate Level
This is where you start. The mlm leadership team and executive board must be experienced. Actually, they need to be experienced AND previously successful.
This short video by Orrin Woodward outlines why leadership is so important.
In addition to all this, the greatest indicator of the future is the past.
Your CEO, director, owner, etc. must have some experience managing the monumental and phenomenal growth that can occur in this type of organization.
They should also have experience driving and maintaining the type of growth you want to see.
You wanna go fast, like Ricky Bobby… right?
The last thing you want is for the company to grow too fast. How fast is too fast?
If it’s too fast for the leadership team to keep up with, then it’s too fast. If that happens, product will stop shipping on time, compensation checks will get missed, and a variety of other issues will crop up.
Then, your team will start to leave and fall apart. You do NOT want to lose all your hard work simply because you chose to go into business with people who can’t keep up or choose not to.
So how fast is too fast? If you pick the right leadership team, there is no such thing as too fast!
This was one of the largest deciding factors in our decision to join the company we’re currently with. It wasn’t the biggest factor, I’ll get into that later. But it ranked pretty high up on the decision ladder.
The company we chose has the best executive leadership team in the industry.
The founder has started two other major MLM companies and taken them both to 1 billion dollars (one in record time). They can keep pace with whatever growth our team throws their way.
Trust me, that can be a very important factor.
2) High Quality Products
This seems like it would go without saying, but I’ve been approached by a lot of people who hitched themselves to companies with some pathetic and sad products.
Don’t get me wrong, most of the reputable companies out there have incredible products.
Everything from the packaging to the product itself should scream quality.
Good marketing and branding requires money. That usually means a higher price point.
That’s not something to fear. In fact, many branding experts suggest being the highest price in your category and letting everyone else fight for the scraps.
I’m not suggesting that the best network marketing company must have the highest priced items, but I am suggesting that they aren’t competing for the lowest price.
No scraping the bottom of the barrel allowed.
Different types of people shop at different places.
You want to attract high quality people to your organization.
You’re simply won’t be able to do that if the products are sub-par.
3) Experienced and Active Upline
Before you read this section, keep in mind that an upline can help you succeed, but it’s not their job. It’s your job.
Okay, now that we have that out of the way, let’s get started. The first time I was in network marketing, I was enrolled by my brother on a team by myself.
It wasn’t long before he quit and I was orphaned to build a business all alone.
An island unto myself.
No overflow from my upline.
No growth below me unless I put them there (or my team did).
No answers to my questions.
Luckily, as I started building a team, an upline mentor above my brother noticed and reached out to me.
He helped me learn, grow, and build my organization by giving me support, encouragement, and solid advice.
But it was 100% my team with no overflow volume.
I wouldn’t trade the experience for the world because it forced me to really learn what it takes to build a profitable mlm business from scratch.
If I had to do it all over again though, I would opt join with somebody I shared a leg with who was all in.
Not just kinda in and not just “in” because they were excited. I would join with somebody who I knew would be around even if I quit the next day.
That’s the type of sponsor you want to be with. Somebody who would like you to do it, but they’re going to do it with or without you regardless.
The biggest reason I recommend this route is because if you join a company with the right compensation plan (which I’ll discuss in the next section), it can make a huge difference to your profitability, speed of growth, and team dynamics.
4) Lucrative Compensation and Rewards
I’ll probably ruffle a few feather here and that’s not my intention, so just hear me out.
Compensation plans have come a long way in the mlm industry.
There are basically four types of compensation plans in this industry. The most powerful one for the amateur as well as the seasoned network marketing professional is the binary compensation model.There are 4 main types of compensation plans in the mlm industry. By far, the most lucrative for the majority of people is the binary compensation plan. Click To Tweet
When we found our current company we made sure it had a binary compensation plan.
In a binary, you are only building 2 legs (or teams). You get paid based on the volume in the lesser leg, that’s why sharing a leg with an active upline sponsor is so valuable.
It allows one leg to grow at a faster speed. As people above you place team members, they have to do it in your shared leg and everyone in that leg gets credit for the volume.
This effectively allows you to spend more time recruiting and building your other leg, known as your money leg because that’s the one you’re paid on.
It’s much harder to create and maintain momentum in your lesser leg if you have to go back and forth (I know from experience).
The reason it’s good for amateurs is because binaries pay volume on infinite depth. That means you don’t have to worry about a superstar joining 100 levels down and you never benefiting.
You could have a superstar join 1,000 levels down and you’d still get credit for any volume they produce. This makes it easier for an amateur to get profitable and stay profitable.
Binaries are ideal for superstars because you also get paid on width. Unfortunately, this is sometimes misunderstood by those familiar with other compensation models.
Let’s suppose you’re a beast and you enroll 500 people in your binary. You don’t just get volume credit, you also get overrides and bonuses based on your personal recruits activity.
This is usually how you climb ranks and the more people you help succeed the larger your bonuses will be. In fact, in my experience, it doesn’t take long for the bonuses on your personal recruits to overshadow your basic volume commissions.
The company we ultimately went with has a max volume payout of around $112,000 per month. Any unused volume rolls over to help create a healthy base pay that you can count on.
Keep in mind, that is only 1 of many ways to earn commission. The other bonuses don’t max out, they’re based on your personal recruits (width) and their personal recruits for multiple levels.
A binary has all the benefits of other plans, but with the added bonus of you only having to build two teams. Building 3, 4, or 5 teams is harder and completely unnecessary.
I believe it’s also easier for a binary company to calculate and project numbers, which means they can offer better rewards to the distributors in the forms of bonuses, trips, cars, etc.
I know a gal in a company who is able to earn an $8,000 bonus if she reaches the top rank. In our binary, top rank bonuses are $100,000 and go up to $1,000,000. It’s the same exact job- bring on reps and customers and move product.
These aren’t pie in the sky bonuses either that nobody will earn. In my last company, I watched somebody earn the million dollar bonus and a Lamborghini on the same day for hitting a top rank.
The company I’m in now is relatively new so nobody has had time to hit those bonuses yet, but they will.
Make sure you pick the mlm with the best compensation plan.
The activity it takes to build a poorly structured mlm business is the same activity it takes to build one with a great compensation plan.
So make sure you’re putting your energy into one with generous and lucrative rewards.
5) The Right Timing
Oh, I know!…
Get in the ground floor!
Make sure you’re in the pre-launch phase!
etc, etc, & etcetera.
Hogwash! (to put it in my daddy’s words)
Haven’t you ever seen shark tank? In the words of Daymond John, “Pioneers get slaughtered, settlers prosper”.Pioneers get slaughtered, settlers prosper. -Daymond John Click To Tweet
There have been sooo many companies that people put their money into that don’t exist any longer.
There’s something to be said for a company that’s established and will have longevity.
That being said, it helps to get in within the first few years with somebody you can share a leg with. You want to be involved before it’s a household name and before people have preconceived notions about it.
Not because the people who get in early make all the money, because that’s not true.
The people who do the work, make the money.
It’s just that typically, those who have been actively building an organization with a company the longest have the largest teams and largest paychecks.
They don’t make more money because they got in early, they make more money because they’ve been working it longer.
There are plenty of people who get in early and make no money (because they do NO WORK).
The reason I suggest getting in early is because at some point there’ll be early stage momentum in the organization that you can capitalize on. That doesn’t make it easy, just a little easier.
You’ll still have to do the work, but excitement and momentum will help propel you to the next level.
While we’re discussing timing, let’s talk about the overall timing of the marketplace. Changes in public perception and advancing technology makes this the best time in history to build a network marketing business.
Eric Worre explains it better than I can:
I would steer clear of companies led by leaders with no experience. But if the leadership is spot on and they’ve done it before, you know you’re in a relatively safe space and can build a team without the fear of losing it.
You don’t want to get into bed with somebody who has an exit strategy from the beginning and which you know nothing about. That strategy could include selling the company to the first venture capitalist who sees dollar signs.
The company we chose and recommend is just a few years old.
Old enough to be established and have all the back office, product shipping, and compensation systems in place, but young enough to still be in front of the momentum curve.
They’ve also got a CEO who has done it before and wants this to be a legacy company.
That means it will be around for a long time, hopefully forever.
I don’t use Mary Kay or Avon, but knowing what I know now, if I could have joined and started building their business the first few years after they opened, I would have figured out a way to get involved and I’d be driving a pink Cadillac right now (hey… free is free).
The world is changing. The company and upline leadership you choose to partner with should have a progressive mindset, especially when it comes to the internet.
They shouldn’t discourage you from using the internet and technology. I’ve never run into this problem, but I’ve met people who have left companies because of it.
If you’re with a company who doesn’t want you to use the internet, social media, YouTube, or any other online platform for building a business and generating mlm leads… then you’re absolutely in the wrong company.
Run! Choose a different one.
Even if they eventually come around, they’ll be other issues as the world continues to change.
If they’re still not embracing technology when you read this, they will never be in front of the curve because they will never acknowledge change fast enough for it to manifest in the company.
It’s a mindset problem of the leadership running the company.
7) A Long Term Vision & Cause
Most companies have a cause they promote and stand behind. Maybe it’s feeding the hungry, housing the poor, taking care of widows and orphans, building schools in 3rd world countries, etc…
Whatever their cause, it should be something you can stand behind as well.
If they don’t have a cause or rarely talk about it, you may want to question their core values.
If it’s just about making money, I would keep looking. Keep searching.
Vision is what their long term goals are. Do you think they want to be a large company that makes a positive impact in the world and on this industry?
Or are they happy churning through distributors and lining their pockets with as much profit as possible?
Being connected with a visionary leader and positive cause are a necessity for long term success in any mlm. It’s one thing that separates the mediocre mlm’s from the best mlm companies.
This has nothing to do with compensation, products, or people. Okay, I guess it kinda has to do with people, at least the core values of people.
For a company to be the best mlm for you, there has to be spiritual and emotional congruence.
If there isn’t, you’ll never be “all in”, because of this hesitation and holding back, you’ll never reach the income levels and ranks you have the potential to reach.
Which, by the way, means you’ll not be able to impact the world and the causes you’re passionate about as much as you could if you were with a company that was more congruent with who you are and what you believe.
So what exactly do I mean by that?…
Spiritual and Emotional Congruence?
I mean that you share the same core beliefs as the leadership of the company, your upline, and the overall culture of the organization. Culture matters. It really does.
If your company is dog eat dog, cross recruiting, drama, and all other sorts of nonsense, you’ll hold yourself back. You may not even know why you’re holding back, just that something doesn’t feel right.
That’s called intuition. You may never figure out what’s not congruent, but if that feeling persists and you stick around, you’ll be delaying your chances of epic success.
If you’re in that position right now, I’m sorry to say, it’s time to look for another team. As hard as it is, just do it.
9) Extensive MLM Training and Support
Does the company and your upline offer training, systems, and resources you can implement immediately to see results?
To be fair and as I’ve stated earlier, the world has changed. So really, you can train yourself for free using the internet. But it’s always good to have a company system that you can plug your new distributors into.
The fact is, top earners are going to earn. They’ll figure out a way to make it happen with or without a system. But, do you want to do all the training’s yourself and spend your time teaching the same thing over and over?
Hopefully, you answered with a resounding “no”. The whole purpose of leverage is to be able to point to a system for training, so you don’t have to do it all.
You don’t want to be the go-to person for answers. It’s nice in the beginning. It feeds the ego. I get it. I’ve been there. But leadership isn’t about being the person with all the answers. It’s about growing other leaders.
Eventually, your team will get to a size that makes it impossible for you to keep up and your growth will come to a halt. It might even start to erode.
Be sure your company has a system in place to help distributors get started. If it incorporates the latest technology and social media platforms (as ours does), it’s a bonus.
10) Positive Relationships and Community
Does the company culture promote positive relationships and a strong community.
Believe it or not, the thing some people like most about the business model is not the income, but the relationships.
Hard to believe for those of us that like to Get ‘R Done… but it’s true.
Relationships are a powerful thing you shouldn’t overlook.
If the company puts no emphasis on relationships and the leaders don’t stick around before or after presentations to encourage new people who are just getting started… then they may NOT BE the best mlm to join.
11) Will You Have Fun?
You would think this goes without saying, but I’ll say it anyway.
Are you going to have fun? Does the company culture and environment lead you (and others) to believe it will be fun? Everyone wants to have fun, especially before they get to profitability.
I like to tell people I sponsor that if they’re not having fun, they’re doing it wrong.
They’re taking themselves and their business too seriously.
I mean, this is a highly leveraged and lucrative opportunity; it’s cheap to get started.
It should be fun, loads of fun.
If it’s not fun or if the bigger you build it, the less fun you’ll have, then it defeats the purpose.
I don’t want to have less fun the more I make. I want to have more fun.
That’s one reason I build mostly from home and definitely why I’m in a binary. I refuse to juggle more than two teams.
I built a traditional business the old fashioned way. I drove hours for home meetings, drove to different states to support people, and sacrificed time with my family.
In the end, I made money… but at what cost?
Now that the world has changed, it’s not necessary to do all those things.
To be quite frank, it wasn’t necessary most of the time when I did it before because I wasn’t usually supporting my leaders… I was trying to make leaders out of people.An eagle is an eagle and turtle is a turtle. Gluing wings to a turtle doesn't make it an eagle. #truth #leadership #success Click To Tweet
So use advances in technology to help support your team from where you are. It makes sense from a business and financial perspective.
If you have a leader that deserves a visit and the volume generated covers the cost- then it might make financial and business sense to schedule something with their team.
But only if it is warranted from a business perspective.
HINT: It’s not warranted if you hope by physically going to them that growth will occur. It’s only warranted after they’ve produced. It’s how the rest of the business sector does business and it should be how you do business as well.
How to Pick the Best MLM Company to Join (Conclusion)
That about covers it. Your guide to picking the best mlm business in the industry.
As long as you pick one with these key indicators of success you’ll do okay.
If you’re currently looking for an mlm that has all of the elements above and are looking to be sponsored by a serious team, we’re currently taking applications for the upcoming year!
Click on the link below to see if you qualify:
And always remember, the definition of insanity is doing the same thing over and over and expecting a different outcome.
“If nothing changes… nothing changes.”
Jason & Daniele