Many people are discovering the lucrative industry of network marketing; but how do you find great network marketing opportunities? What is the best company to join?
Let me first say that there isn’t one right company for every person. This is definitely an individual decision, but here are some things to consider when making your choice.
Tips On Determining Great Network Marketing Opportunities
1. Passion For The Product or Service
Think about it this way. If you don’t believe in the product or service you are going to be selling, why is anyone going to feel compelled to buy it from you?
This is not a retail sales job, it is your own business. Find something you believe in and feel will make a difference in people’s lives. You can’t fake passion, people will see right through you.
Also, it is going to be considerably easier to get up everyday and work on a business that you truly care about. Think about your day job. Is it fulfilling for you? Are you truly driven by the work you do? Passion is what makes people successful and is a component that simply cannot be overlooked.
2. Leadership
Take a look at the leadership in the network marketing opportunity. First, consider who your sponsor will be. This is the person who will be signing you up and who will be your mentor.
Look for someone who you connect with. Someone with whom you have some common interests. Someone who you look at as a leader and who is willing to guide you in this new journey. You will be responsible for your own results, but it is so important that you have a mentor who can guide you along the way.
Second, take a look at the leadership in the company. Do the owners and leaders seem like people you would be proud to work with? Are they transparent or do you have to dig around to find out who they are and anything about them? Trust your gut on this one and do your due diligence!
3. Training and Support
You are embarking on a brand new business. Look at the network marketing company and decide whether they are providing you with the training and support you will require. This is going to be an exciting time for you, but there is a lot you are going to have to learn.
Does the company provide you with online training, leadership calls and support, or do you get the feeling you are going to be on your own? Remember, you will have your mentor to guide you, but they are running their own business, so they won’t be able to hold your hand every step of the way.
I’m not just talking about training on the products that you are going to be selling. I’m talking about training on starting and running your own business. I’m talking about training on how to market yourself and your business. This is key, so be sure they are offering you this type of training and support.
4. Compensation Plan
Compensation plans can vary widely between different network marketing opportunities, so it’s important to understand how you are going to be paid. Residual income is a component in MLM or network marketing opportunities and is the money you receive for your team’s efforts. Therefore, it’s key to find out what you will be paid both for your direct efforts, as well as your team’s efforts.
It is also important to consider selling high price ticket items versus lower price ticket items. Some argue that it is easier to sell hundreds of lower price items, while others will argue that it is easier to sell just a couple larger ticket items a month. This is something you are going to want to factor into your decision.
Also, keep in mind what your financial goals, because that will weigh in to your decisions when looking over the compensation plans. Which ones will and which ones will not help you reach your financial goals in the time frame you are comfortable with.
5. Sales Process
Now that you know how you will be compensated, it’s important to understand how the sales process works. If a customer wants to order something, how will that work? Who will be responsible for shipping the products? Will they pass through your hands or will they be shipped directly to the customer?
You are looking for not only financial freedom, but also time freedom, so it’s important to understand this process. Dealing with orders and shipping takes time, so understanding how streamlined the process is and how hands on you are going to need to be is important.
6. Company History
The history of the network marketing company is definitely something to consider. Some marketers love the idea of getting started with the newest, greatest network marketing opportunity out there. Others believe it is important that the company is well established and has been around for awhile. You will need to make your own decision, but do take this into consideration.
I can’t tell you what to do, as it is a decision that only you can make. Whichever company you are thinking about, I will say that you should do your due diligence on the company, and on the founders and the leadership. Be careful not to get caught up in hype and trust your instincts and you will make the right decision.
Now that you have these tips on finding great network marketing opportunities, go ahead and start looking. You can browse the internet and find plenty of leaders ready to help you get started. Get on the social networks if you are not there already and start to get to know people. Trust me, finding network marketers to introduce yourself is extremely easy on social media sites.
Be aware of the ones who try to sell you on their network marketing opportunity right after you meet them. It is a definite sign of an amateur, not a leader. Look for someone who wants to get to know you and isn’t just trying to sign you up on the first day!
I would say that the best advice I can give, above all else, is to trust your gut. It may sound simple and even somewhat silly, but believe me when I tell you we make the best decisions in life when we listen to our gut and trust it. Of course, don’t be afraid to back that gut instinct up with a bit of due diligence! 
