| Multilevel Marketing: Finding the Best Match for You |
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| Written by Jamie Deonas | |||||||
| Thursday, 20 November 2008 09:15 | |||||||
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Sell what people are already buying! Often and in quantity! The Company. MLM companies have reputations, just like any other company out there. The power and effectiveness of the company for you as an income generator is defined by that reputation. Another factor that weighs heavily is the market penetration. Some of the successful Multi Billion Dollar companies have been around for decades with several million distributors in their line ups, which limits your opportunities but worked diligently can provide a solid income because of the reputation. Leadership. A very important success factor is your upline leadership and their connections inside the organization. MLM is all about inner circles. You're part of a powerfulo inner circle and your chances for chances for success improve dramatically. Products. A company without good products will fail and fail quickly. Just ask yourself would you use the products this company offers? How will these products work and fit in the environment you are working in. How easy will it be to find customers for what you have to offer and how frequently will they need additional product from you. The compensation plan. You really only need to know 2 things; where is the break even point and how many people do you need in your down line to create the desired monthly income you are shooting for. The MLM industry average for distributors desiring a monthly income of $10,000.00 per month will require 2800 people in his or her down line. The best MLM business should obviously be one with a very low number, the lower the number the better. In addition to your down line income what are the percentages profit-wise earned for retailing your products and the normal consumption rate for an end user every month. Training and systems. The type and frequency of training that is provided and available is vital to your success with any company and product. Cold calling doesn’t work. You need to be properly trained to use a system that brings in a good supply of leads, is inexpensive and easy to duplicate, so that your down line can duplicate your success. Marketing Plan. The company's marketing plan needs to clear and concise, with many opportunities for you to play into. The ultimate plan includes a clear AIDA approach (Attention-Interest-Desire-Action) to attract product desire and distributor acquisition. The old MLM approach of alienating friends and family with your constant badgering is out the door. Friends and family will come around and join after you have made it. To be successful in today's MLM business, you need to use the power of networking the Internet.
3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
Most people that are successful internet entrepreneurs know the golden rule of Internet Sales.
Market Notes
January 6, 2009 Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies. Financial stocks also slumped after Deutsche Bank cut its earnings forecast on 16 large commercial banks, including JPMorgan Chase & Co another Dow component. JPMorgan fell nearly 7 percent. The Dow Jones industrial average .DJI fell 81.80 points, or 0.91 percent, to 8,952.89. The Standard & Poor's 500 Index .SPX shed 4.35 points, or 0.47 percent, to 927.45. The Nasdaq Composite Index . slid 4.18 points, or 0.26 percent, to 1,628.03. We spent the day polling stock analysts; they all think we are in for a minor Obama rally but our technical charts don’t show it. It’s a mixed bag folks. Think about it this way Tech company Logitech is laying off people, while the FBI initiates its largest hiring spree in its history. We're living in interesting times. Be careful, very careful. |
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