Tuesday, February 5, 2013

WHO IS FEARING NETWORK MARKETING BUSINESS MODEL? -PART 3

Success or failure of a network marketer could also be attributed to the dynamics of the company being represented. In the last post on this subject matter, I delved a little bit into individual efforts required to succeed in this business.

However, experience has shown that the making of the organization has a lot to do with ability of its distributors to succeed or not. What are the peculiarities that a potential member should check well before joining the company?  This can be divided into different sections as below:
  1. Company Structures
  2. Company Products and Effectiveness
  3. Company Compensation Plans
  4. Company effectiveness in trainings and response to members concerns.  
Is the company structure solid or is it a bogus smokescreen window dressing type? How effective are the products and subsequent product effectiveness? Is the product a type of product that consumers will seek to have even if there is no network marketing options? Do the company effectively have on-going research plans on a continuous basis?  How people friendly is the marketing plan and the compensation plan? Is the compensation plan structured in a way to ensure distributor success or is it skewed in favor of early members in the network? This issue alone make many people in network marketing business hate anything bearing MLM today.

Most peoples' efforts were wasted due to the impact of not-so-friendly company marketing plan and compensation policies. Many companies made their distributors perennial Sales Representatives without much to show for the efforts. In frustrations, they quit and all their previous efforts only benefit their uplines.   There is a great need to verify the company you want to partner with before making your decision. Go online and check their website. Check the product testimonials, check how long they have been in business, check if they have weathered the early storm of growth before venturing overseas to launch their network marketing business.

It is a common thing today to find some companies less than two years old planning to launch in 100 countries within months. Beware and do your due process investigation before making your decision.

Finally, check out if the company is ready to give you seamless trainings to turbo-charge your efforts. Training is one of the key positive benefits derivable from Network Marketing business model. I believe if all these factors are put in practice, network marketing business success will be a reality faster than expected. Network marketing business model is expected to give a sort of 'LIFE SKILLS'. In network marketing, you 'earn while you learn'.

I will like to end this post by quoting a passage from Robert Kiyosaki's book- The Business of The 21st Century......''in network marketing, the training is more than theory; it's experiential. And regardless of whether or not you reach the top of the specific program you're in or make a great deal of money, the training itself is of tremendous value for the rest of your life. Many people actually end up in other businesses where they become very successful due to the business training and experience they first received in their network marketing experience''.  I wholeheartedly agree to this postulation. Do you? Your comment and experience in any previous mlm is welcome. Let us share it in the comment section. See you in the next post.


   
 

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