Team National - Grow Your Downline Smarter, Not Harder
Is Team National The Right Business For You?
Greetings,
When we get involved in an MLM opportunity, how do we know if it's the right business?
Maybe you already pulled the trigger, or maybe you're still "shopping around" looking at all the options out there. Either way, you want to know that you selected the best possible business for you.
In this issue, I'm going to outline a few of the more critical components to look for when evaluating an MLM company. This information might surprise you, but it is all about putting the odds of success in your favor.
There are thousands of different options that you have available to choose from. Here is a checklist of questions that you should be asking before you put your hard-earned money on the table to get involved with any opportunity.
Critical Question #1 - How Long Has Your Business Been Around?
Statistics show that roughly 65% of all businesses go belly-up in the first 2 years. With those odds, it would make a lot of sense to select a business that has been around a while. I personally recommend that you select a business that has a minimum of a 6 year track record.
Personally, the last thing that I want to do is work my tail off for a few years, grow a gigantic organization under me, only to find that my company has mis-managed itself into bankruptcy. I'm looking at the long-haul, and I want my work, my investment of time, energy, and effort to pay me for a long, long time.
Trust me, it stinks to have your business go out of business. So make sure your business has been around a while. Publicly traded is even better, as you can have a chance to review their books and see what their finances look like.
Critical Question # 2 - Who Is Running The Company?
What is the background of the officers of the company? If there is one single item that can determine the fate of the company, it's the quality of the management, and in particular, the decision makers. You want leaders that have had major accomplishments in their careers.
What you don't want is a CEO who's only experience is managing a hot-dog stand in Disney World. Look for management that has tapped into new markets, or have taken companies public or taken a small company internationally. These are critical elements that should be reviewed before pulling the trigger. Look for an established team, with solid accomplishments.
Critical Question # 3 - How Exclusive Are The Products?
This is absolutely essential to the success or failure of the company. Honestly, do you really want 1,000 other companies marketing the same exact thing that you're marketing?
Probably not. Trademarked products, patented products, proprietary products; these are all great things to have. You need to have the process through which the product is produced legally protected. Again, this type of thing really falls to the responsibility of management, and their competency as managers.
Critical Question # 4 - Are You Passionate About The Product You Market?
I can't stress how important this question truly is. You are paid on the consumption of product. If you got involved with your company based solely on the fact that you could make a ton of money, and you couldn't care less about the product, then (in my opinion) you've made a tremendous error.
Enjoying your product, having some passion for your product, is absolutely essential to the success of your business. Money is great, and honestly, we ALL want to generate revenue with our businesses. However, flat-out greed is usually not enough to keep the average distributor going through all the ups and downs that are inevitable when starting a business from scratch.
Having a deep belief in the benefits and values of your product is crucial if you want to create a successful business. If you focus your attention on helping people to find and enjoy the benefits of your products...if you dial your efforts towards bringing the maximum value possible to the consumers, then the cash-money takes care of itself. It has to.
I truly hope that you have enjoyed this information. I hope that it has given you some insight into what you should be looking for when you evaluate an opportunity. I hope it has given you a peek at a "business owner mindset", and has given you the chance to look at what you're doing to make sure it makes sense.
This information is 100% designed to help you. I distinctly remember when I purchased a $9,000 "lead generation system" from a company that promised me huge results, and feeling literally sick to my stomach when I realized that it wasn't going to work. That I had completely wasted my money.
Of course, on this side of the fence, I'm actually very grateful for that mistake. I learned a lot from that goof-up, and it instilled a burning passion to help people who are serious about their businesses make the most of their efforts.
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