If you’re reading this post, you’re either in a network marketing company and thinking about changing, or you’re just getting started and trying to figure out the best network marketing company to join.
In this article, I’ll outline the things you should consider when deciding the best network marketing company for you.
I’ll also share with you the top two companies we believe are the best opportunities in the industry right now.
Let’s get started.
What’s the Best Network Marketing Company for You?
First things first.
Every company out there believes they have the best products, the best people, and the best compensation plan.
Historically, people have chosen companies that their friends have brought to them and it was more a choice of convenience than of research.
Since you’re here. I assume you believe in the industry and you’ve also been around long enough to know that there are many companies with many options out there.
Doing your homework is a great idea. So I’ll share my opinion here but I want to encourage you to put a time limit on your research.
If you’re like me, you can get wrapped up in research.
That can go on for ever if you wanted it to (the power of the internet).
So pick a date and time that you want to make a decision and then stick to it. Keep a running list of companies and if you haven’t already joined one by your pre-determined time… then it’s time to make a choice.
Now let’s get into the nitty-gritty.
Minimum Start-Up Cost of the Network Marketing Company
In this section, we’ll discuss network marketing start up costs. Typically this includes a sign-up fee and the cost for your first product order.
Start up fees can be anywhere and everywhere.
I’ve seen $0 and I’ve seen start-up costs in the $5,000 range.
What you want to look at initially is the minimum cost to start. If it’s a direct sales company, you often have to order a ton of merchandise to start.
We steer clear of those companies.
With technology today, a great network marketing company will drop ship all the orders for your customers and recruits.
That means THEY ship it, you get credit for it.
That is definitely something I would be paying attention to.
Monthly Operating Cost of Being in an MLM Business
The next thing you want to look at is the minimum monthly operating cost to stay in business.
This includes autoship products as well as any other tools you plan to use (clickfunnels, advertising, web hosting, etc.)
There are a lot of people that like to promote easy and fast.
Easy and fast is a myth. Even those that seem to go easy and fast usually do it because they took the long road and developed themselves as leaders in a different industry.
There are no shortcuts.
You are opening a business, go in with that attitude.
You may not be profitable right out of the gates so you want to make sure your business is sustainable… until it’s profitable.
Type of MLM Products
There are all types of products. Generally, we always recommend consumable products and monthly consumable health products are our first choice.
There are a few reasons for this.
First, if it’s consumable, customers can reorder forever.
If it’s a health supplement, made to take everyday, the reorders are typically monthly.
Think about it, make up is consumable. However, it may take months or years for a customer to completely consume a make up product depending on how often they use it.
Even if they use it everyday it could take a while.
So stick to consumable products that need replenished every month. That way it makes sense for your customers to be on a monthly autoship program and it allows you to not have products stockpile.
Most network marketing and mlm programs require business builders to order every month. If you are consuming your order and getting the health benefits from it, it makes sense.
Otherwise, your business builders are simply stockpiling merchandise and it feels a lot like the old-time mlm programs.
Things have changed, there is no longer a reason to stockpile product.
Another reason we like consumable products is that they are usually shipped directly to your customers from the company.
If you’re running around doing parties to sell merchandise or deliver merchandise, it defeats what we feel is the greatest benefit of network marketing (aka passive income).
Lastly, non-consumable programs such as clothing or cookware can usually be categorized more of a direct sales program. Yes, you can build a team, but the focus is on selling direct to the customer.
Plus, these programs usually require you to front end load your business with a few thousand dollars of merchandise.
We say, “thanks… but no thanks” to that business model.
MLM Company Policies for Online Marketing
I won’t spend a lot of time here. But if you happen to be looking at a company, be sure they allow for online marketing.
The world has changed.
If they aren’t with the times now, don’t expect them to be in front of the curve on anything else.
Longevity of Network Marketing Company
This one is a catch 22. You want a company that will be around for a long time. The best indicator of that is to that they’ve been around for a while already.
However, there is something to be said of excitement and newness in this industry.
Getting in on “ground floor” opportunities is a little like rolling the dice. Maybe they’ll last… maybe they won’t.
So do your best to find a company that has a little longevity and that seems to have everything in place for a very long run.
Our recommendation is to try to join a company that has been around a few years but is new enough that people haven’t heard of it or they haven’t hit massive momentum yet.
FYI: It just so happens our company fits that particular recommendation (for now). Momentum is starting to build, so now is the best time to get in and get going.
Network Marketing and MLM Leadership
So how do you know if a company will last or not?
Leadership is a good indicator.
Corporate leadership- Have they done it before or is this a new experiment for them?
Upline leadership– Are there leaders in the company who have done this successfully before? If so, it’s a good indicator that they’ll do it again and a good indicator that the corporate structure and leadership is solid.
This points a little to the corporate leadership as well.
Think about this. If you had built 6 figures a month in a business before, would you join a company with the intent of doing it again if you didn’t take a good, strong look at the corporate leadership and corporate structure… probably not.
So if the company is fairly new and there are experience leaders building the business… that’s a good indicator it’s a very strong mlm opportunity.
FYI: Our current company falls into this category as well. Many of our top earners have done it before and they’ve hitched themselves to this opportunity.
MLM Compensation Plan
This is the last piece I’ll discuss and everybody has their views on this.
The truth is, most compensation plans of reputable companies have strong earning opportunities. That’s why this section is last.
It’s important, but more important is the strength of the company and leadership. If the company fails or is mismanaged and can’t pay out the compensation plan, all your hard work goes down the drain.
That being said, I’ve said it many times but I’ll repeat it here for my new readers… if you are looking for a long term compensation plan, the binary compensation plan is currently the strongest model.
The main reason for this is that it pays for infinite depth.
Experience has shown me that anybody working the business seriously eventually has 1 leg that takes off and leaves the other leg in the dust.
That’s a good thing, it’s the first rung of the passive income ladder. Now that leg needs less attention and you can focus your efforts on the 1 remaining leg.
The true strength of the model comes in the form of infinite depth. If you’re thinking about a legacy business, you should be thinking in terms of decades, not months or years.
Infinite depth means that if a rock star shows up in my business 30 years from now…. I’ll still benefit from the volume, even if they are 100,000 levels down.
Yes! That’s the power of a binary compensation plan.
I believe we have been called by God to help as many people as possible change their lives.
As long as that calling is strong and until God tells me otherwise, we are here to help.
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