5 Questions to Ask Before Joining an MLM Company
If the company offers you opportunities that are too good to be true then it probably really is. There are many MLM companies out there that offer you good business opportunities that just might be your breakthrough. But unfortunately, there are also some that offer the worst and are probably a scam. Before investing any of your time, effort and dreams into a company, make sure you have chosen the right one.
Always remember that the key to success is to do the things you love. So the company doesn’t always have to have a big name, sometimes it has to have the right ingredients that tells you ‘you belong here’. Choose a company that stirs your passion and makes working with them an easy ride. Choose a company that feels like it was designed and meant to be for you.
To find the right company for you, I have summed up a mini checklist of things you have to check before entering a Multi-Level Marketing Company.
1. What is the product or service that the company offers?
Before even making any sale, you have to fall in love and believe in the product you sell. It has to be something you would want to buy and use for yourself and it has to be something really useful. It should be something you think interests both you and the market.
2. How much does the product cost?
If you already have loved the product, you should also love its price. It has to have a reasonable price and seem really practical. It should have high quality to make people think that they got the right thing out of their money. You already have a lot to work on in convincing people you don’t have time for any justification of the price.
3. Who are the leaders of the MLM Company?
Before investing in a company, you should know the history and the background of the company. Who are these people that run the company I interested in? Do they seem like the right people? Are they responsible enough? You should know who you are working with especially in a MLM company. You should know who you are working with and how they work in certain situations. You should feel comfortable in the walls of the company.
4. Does the MLM company seem financially stable?
One of the main reasons why companies fail is that they have low financial budgets, they are under capitalized or they don’t have enough money to get them through their first 2 years. This part may take a few time for research. Most MLM companies share even a part of their financial status to their clients. It’s when they don’t that you should be worried.
5. How long has the MLM company been in business?
According to research, 90% of MLM companies go out of business or shut down after two years. So before investing in a MLM company, make sure it has served more than that. However, if you have fallen in love with the company and its services even when it hasn’t reached its second year anniversary yet, then you might as well check the growth line. If it has been positive and stable for quite a while then I guess it’s safe enough for investment.