Are you feeling comfortable in your job today with all the economic uncertainty? Are you tossing around the idea of a home based business or joining a network marketing company but are worried about the reputation of the industry?
Well let me tell you something; you really need to get over that. If you do your research you will find that many larger well known companies like Avon, Shaklee, NaturesOwn are all network marketing companies with very successful track records and many people respectfully making good yearly incomes.
How do you define a network marketing company?
In its simplest terms you have a product or service to sell, you contract with distributors to sell the product or service and give them a percentage based on their efforts. This is no different than the sales department of a large pharmaceutical company, or a manufacture like Xerox?
Most people get nervous because of a few highly publicized bad apples in the industry that took peoples money and never provided a legitimate product or service, absconded with the money and everyone was left high and dry. I guess we might say the same thing today about our mortgage lenders, who make loans to people knowing they could not pay them back and they walked off with commissions and large bonuses. Every business opportunity will or can produce bad apples, and none should be judged based on the ugly few.
The network marketing model is still a fantastic business model to provide you with a steady income stream especially in these slow economic times. If you spend some time doing your due diligence to find the right home business opportunity, you will reap huge dividends in the end.
How do you pick the right network marketing company?
The number one key is to know how long the company has been in business. If they are less than one year old you might want to wait. However, others will tell you if it's the right product it's best to get in on the ground floor. And financially that would be correct. You have to make that call based on the product or service.
Number two is the product something everyone wants or will use? Knowing that your product is in high demand will ensure longevity of the company. What industry is it in? Is it an industry that has a strong customer base and will allow you to produce niche products in the future? And don't worry about how much competition there is in the market, the more the merrier.
Last but certainly not least, what does the pay plan look like. Not all pay plans are made equally. Make sure you understand the plan thoroughly; many people are disillusioned after they spend money and time recruiting and selling to end up with pennies. That's a sure way to give up on the business opportunity and call the industry a scam.
So you shouldn't shy away from the network marketing industry. The model is sound and now is one of the best times to start your own home based business.
Much of your home business success is based on your marketing skills. If you would like to learn more about how you can become a successful online business entrepreneur visit my blog at http://www.BuildingOnlineBusinessSuccess.com
If you're tired of your nine to five and want to make real money on the internet without any previous experience, visit this my website for all the details http://www.WealthDiscoveryPortfolio.com
Cindy Floyd
Network Marketing Entrepreneur
303-429-6333
Article Source: http://EzineArticles.com/?expert=Cindy_Floyd
Subscribe to DETCBF Feed
Subscribe To My Blog
Posts
Comments
Search the Web
Custom Search
Ecclesiastes 3 9-13
- 9. What does the worker gain from his toil?
- 10.I have seen the burden God has laid on men.
- 11.He has made everything beautiful in its time. He has also set eternity in the hearts of men; yet they cannot fathom what God has done from beginning to end.
- 12. I know that there is nothing better for men than to be happy and do good while they live.
- 13. That everyone may eat and drink, and find satisfaction in all his toil--this is the gift of God.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment