How To Spot The MLM Best Opportunity?
“Unless you are networking, you will soon be not working” - Dr Denis Waitley
365 Million Indians will reach the age of employment in the next 15 years.
Will these 365 million be unemployable graduates?
Makers of consumer goods and service around the world are salivating at the thought of India's impending demographic dividend: 23-25 mn people will become eligible for work every year for the next 15 years. This would give us at least 365 mn empowered young Indians by 2025, with the power to buy and consume.
Not so fast though. With more Indians than the total current population of the United States poised to enter the workforce over the next 15 years, what work are these people going to do? The northern and eastern belt will produce more than half of this 'new' population. In the absence of a significant overhaul of employment infrastructure, India's historical pace and profile of employment generation is unlikely to absorb the demanding dividend. This gap is likely to be exacerbated by the demands of an increasingly literate work force with rising aspirations. India has created ~6.5-7.0 mn employment opportunities per year over the past quarter century, starting now, it will need to create 11.0 mn employment opportunities every year.
This gap is going to be filled by network marketing companies. For that to happen the Network Marketing Industry has to gear up and get its act together. Government can not create this kind of employment opportunities, but it sure can help by granting the industry a legitimate status and bringing it under a regulatory authority to weed out unethical and undesirable fly by night operators. Till that happens we can take the onus of educating people about this business of the future and also explaining "How & Why To Choose The Right Opportunity"
Before Going Ahead On This List There is One Factor Which Is Most Important. Make Sure That The Business Is Legal In The Country You Wish To Build Your Business In. Do A Google Search About The Company & Check For The Track Record Of The Company In The Countries They Have Been Operating In. There Are A Lot Of Companies Masquerading As Network Marketing Companies But Are In Fact Nothing More Than Illegal Ponzi Schemes. The Best Way To Find Out Is If The Person Who Has Approached You Has Done Some Research On The Background Of The Company. Ask Questions About It And You Will Know If He/She Starts Fumbling For Answers.
After making sure about the legality, check for the following.
1. QUALITY PRODUCTS & SERVICES :
The best mlm company must strive to provide very high quality products. These products especially wellness ones must have scientific tests to back them up. They should yield the promised results.
2. RARE PRODUCTS & SERVICES:
It would lose meaning to walk down the street in any store and find the product. It is also critical to have a product with retail customers. Those not interested in the compensation plan.
3. TRANSPARENCY:
The best mlm company must provide a clear system here distributors can track their efforts. They should get their checks on time. Personally, I would rather deal with the Company directly. The concept of middle men has really brought many wrangles.
4. TECHNOLOGY FRIENDLY:
Gone are the days when distributors had to create room in their small homes for the company's products. With the advanced technology, you should be able to make a sale just by one click on your mouse. However, if your target market "believes by seeing", then you want products to demonstrate with.
5. GLOBAL BUSINESS:
I don't know about you but I would want a product which can't limit me by space. Especially with the Internet, you should get distributors worldwide.
6. TIME FACTOR:
How long has the company been in operation? This is very important especially if you are not a risk taker. Check out the pros and cons of joining a new mlm company
7. COSTS:
This is very critical. You must know costs involved. Sometimes the start up costs are okay but the monthly charges have left distributors frustrated. Even the little commission they make goes back to the company. I would rather buy a product that I want to use and afford even if I were not doing the business.
8. KNOWN COMPANY:
The best mlm company should be recognized Internationally. Surely by searching Google, you should be able to find it. They should have real offices and staff to connect to in case of a problem.
9 FLEXIBILITY:
How flexible is your company? Do they want to own you? Do they sabotage your marketing efforts?
As Donald Trump says, some distributors should tell their mlm companies that they "are fired!". Some restrictions don't make sense at all. By the way, just know that Companies survive without you. You must be wise.
10. TRAINING AND SUPPORT :
The best mlm company should provide training. However, you must be careful. If they insist that you keep doing what doesn't work, then that is a problem. I know of a distributor who was dismissed because he was not following the "proven system". And yet, he was the best distributor in that company- What a shame!
11. COMPENSATION PLAN:
Honestly, compensation plans are very difficult to understand. You can take decades. Statistics say that the best mlm company should require an individual to have 1,000-3,500 downlines to earn a substantial amount of residual income. The smaller the number the better. However very high commissions will result into the company collapsing.
The list goes on. But I can't stress this point enough! The company really doesn't matter as long as it qualifies the above criteria. In any case, you are familiar with these huge mlm companies which are known everywhere but distributors are shedding tears. Most of these companies are collapsing. What matters is YOU and your MENTOR. Develop your skills. You can never fail to get a company as long as you have outstanding qualities.
Next : Misconceptions About Network Marketing
365 Million Indians will reach the age of employment in the next 15 years.
Will these 365 million be unemployable graduates?
Makers of consumer goods and service around the world are salivating at the thought of India's impending demographic dividend: 23-25 mn people will become eligible for work every year for the next 15 years. This would give us at least 365 mn empowered young Indians by 2025, with the power to buy and consume.
Not so fast though. With more Indians than the total current population of the United States poised to enter the workforce over the next 15 years, what work are these people going to do? The northern and eastern belt will produce more than half of this 'new' population. In the absence of a significant overhaul of employment infrastructure, India's historical pace and profile of employment generation is unlikely to absorb the demanding dividend. This gap is likely to be exacerbated by the demands of an increasingly literate work force with rising aspirations. India has created ~6.5-7.0 mn employment opportunities per year over the past quarter century, starting now, it will need to create 11.0 mn employment opportunities every year.
This gap is going to be filled by network marketing companies. For that to happen the Network Marketing Industry has to gear up and get its act together. Government can not create this kind of employment opportunities, but it sure can help by granting the industry a legitimate status and bringing it under a regulatory authority to weed out unethical and undesirable fly by night operators. Till that happens we can take the onus of educating people about this business of the future and also explaining "How & Why To Choose The Right Opportunity"
Before Going Ahead On This List There is One Factor Which Is Most Important. Make Sure That The Business Is Legal In The Country You Wish To Build Your Business In. Do A Google Search About The Company & Check For The Track Record Of The Company In The Countries They Have Been Operating In. There Are A Lot Of Companies Masquerading As Network Marketing Companies But Are In Fact Nothing More Than Illegal Ponzi Schemes. The Best Way To Find Out Is If The Person Who Has Approached You Has Done Some Research On The Background Of The Company. Ask Questions About It And You Will Know If He/She Starts Fumbling For Answers.
After making sure about the legality, check for the following.
1. QUALITY PRODUCTS & SERVICES :
The best mlm company must strive to provide very high quality products. These products especially wellness ones must have scientific tests to back them up. They should yield the promised results.
2. RARE PRODUCTS & SERVICES:
It would lose meaning to walk down the street in any store and find the product. It is also critical to have a product with retail customers. Those not interested in the compensation plan.
3. TRANSPARENCY:
The best mlm company must provide a clear system here distributors can track their efforts. They should get their checks on time. Personally, I would rather deal with the Company directly. The concept of middle men has really brought many wrangles.
4. TECHNOLOGY FRIENDLY:
Gone are the days when distributors had to create room in their small homes for the company's products. With the advanced technology, you should be able to make a sale just by one click on your mouse. However, if your target market "believes by seeing", then you want products to demonstrate with.
5. GLOBAL BUSINESS:
I don't know about you but I would want a product which can't limit me by space. Especially with the Internet, you should get distributors worldwide.
6. TIME FACTOR:
How long has the company been in operation? This is very important especially if you are not a risk taker. Check out the pros and cons of joining a new mlm company
7. COSTS:
This is very critical. You must know costs involved. Sometimes the start up costs are okay but the monthly charges have left distributors frustrated. Even the little commission they make goes back to the company. I would rather buy a product that I want to use and afford even if I were not doing the business.
8. KNOWN COMPANY:
The best mlm company should be recognized Internationally. Surely by searching Google, you should be able to find it. They should have real offices and staff to connect to in case of a problem.
9 FLEXIBILITY:
How flexible is your company? Do they want to own you? Do they sabotage your marketing efforts?
As Donald Trump says, some distributors should tell their mlm companies that they "are fired!". Some restrictions don't make sense at all. By the way, just know that Companies survive without you. You must be wise.
10. TRAINING AND SUPPORT :
The best mlm company should provide training. However, you must be careful. If they insist that you keep doing what doesn't work, then that is a problem. I know of a distributor who was dismissed because he was not following the "proven system". And yet, he was the best distributor in that company- What a shame!
11. COMPENSATION PLAN:
Honestly, compensation plans are very difficult to understand. You can take decades. Statistics say that the best mlm company should require an individual to have 1,000-3,500 downlines to earn a substantial amount of residual income. The smaller the number the better. However very high commissions will result into the company collapsing.
The list goes on. But I can't stress this point enough! The company really doesn't matter as long as it qualifies the above criteria. In any case, you are familiar with these huge mlm companies which are known everywhere but distributors are shedding tears. Most of these companies are collapsing. What matters is YOU and your MENTOR. Develop your skills. You can never fail to get a company as long as you have outstanding qualities.
Next : Misconceptions About Network Marketing