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Best MLM Business Training
Choose a MLM Company

Lets face it, most people agonize over what MLM Company to join. 

If you made it this far in the The Best MLM Business Training, congratulations.  You're in the home stretch!  We've discussed the Network Marketing, the MLM Industry and where you fit in so you now have an idea of one or two products you'd be interested in representing.  If not please review the list again of Home Based Business Ideas.  We talked about the different compensation plans in the MLM Industry, so you know what kind of compensation plan you're looking for. 

Now all you need is the best MLM company for you!

Check List: Choosing a MLM Company

   The following is that final check list for you to use.  I change it or add to it as needed.  It should be  pretty easy if you've completed the earlier sections MLM Industry and MLM Compensation, to have a real clear picture now of what your looking for.. 

    These are the questions you want answered by the MLM Consultant with the company you're considering.  These question are designed to help you discover information that will keep you away from companies that may be facing challenges.

    This Best MLM Company check list is compiled with input from the Federal Trade Commission, MLM Forums, and other MLM Industry leaders. 

What to consider in a MLM Company

1. How long Has the MLM company been in business?

     Unfortunately we all hear the MLM disaster stories.  The fact of the matter is that 90% of all MLM and Network Marketing companies will go out of business and fail within the first two and a half years in business.   Moving companies is no fun and hurts a lot of people.  Choose a company that's been in business at least 5 years and you'll be stacking the odds in your favor.

    The fact is out of the thousands of MLM companies in existence today less than a couple dozen have even been around for 10 years.  That's staggering when you consider the thousands and thousands of Network Marketing companies that have come and went over the last ten year.

    The so call "Heavy Hitter" or "MLM Gorilla" (Successful Networkers)  will sometimes get involved in younger MLM Companies. 

    It deserves a brief discussion.  The MLM Gorilla is at a younger company for one of two reasons.

A)   

They were bought off by the new company with cash or business volume.  Real Network Marketers and professional MLM Consultants don't jump from deal to deal.  They have stints with MLM companies that last several years at a time and those only ended because of some dramatic event.  If the guy you're talking to knew how to pick a company, what happened to his last one?  Seriously, ask that question.  You really do need to know the answer.  You know how woman judge a guy by how well he ended his past relationships!  Their right!   If you're breaking this rule on the advice of some MLM Guru ask their background.  Not at their current company.  Ask them, "Where before have they had ANY success?".   Remember, only ask this if you're A) breaking this rule or  B) They claim to be a MLM Gorilla.  Otherwise it might be kind of rude.

B) 

    The other reason you'll find a Gorilla at a younger or smaller MLM Company is that networkers are entrepreneurs, free spirits.  With this group of "MLM Rock Stars" you'll find that something happened causing them to move from another MLM company.  They "passed" on taking money and instead joined a MLM Company that was smaller or younger. 

    They're less concerned with the age of a particular MLM Company as they are with how many distributors they have.  They plan to come in and create all the support, all the training,  the "community" which they believe is the foundation for momentum.  These are the MLM Rain Makers!  They're in MLM companies that have less than 100,000 consultants seeking the momentum that usually hits somewhere between 30,000 and 80,000 consultants- if it does.  They're in search of the monster play to make "rock star" money.

      A word of caution about so called MLM Guru's, Gorillas and Heavy Hitters.  The best you never hear from.  Their system worked.  They came into Network Marketing.  They did what they wanted to do and now they're gone- out living their life exactly as planned.  

2. Does the MLM Company Have Enough Money to Grow.

    Lets face it the MLM Business is about making money.  If you're MLM Company doesn't have the money to grow, pay for the best management, invest in technology — and, of course, to pay your commissions- it's game over!   So what will you run into when asking about financials?  One of two things:

A) Publicly Traded MLM Companies

     The great thing about publicly traded MLM companies is you see all the financials.  they are required by law- as a publicly traded MLM-  to file financials with the SEC.  People go to jail if they misrepresent it. 

    The downside to a publicly traded MLM is they may be slow to make decisions and more focused on serving the needs of their shareholders rather than their consultants.  The worst of this results in MLM companies eliminating their Consultant sales force and selling direct through retail outlets.

B) Privately Held MLM Companies

    Privately held MLM Companies have both good and bad aspects.  The best part of a privately held MLM is that there are owners or a group of people that can make quick decisions and are not beholden to any "share holders".  In the best of all worlds the owners are free to plan long term, without concern for short term gains for sock holders.  The downside to a privately held MLM is that you're powerless to influence the company if the owners go nuts and decide to do stupid things.   You need to know the values of a privately held MLM..

4. Do you love their products?

    When an MLM consultant fills his garage with their company's MLM product we call it "Garage Qualified".  Don't let this be you.  The reason this happens is their in companies with crappy products.  Products that only the  distributors would possibly pay those outrageous prices for.  Lets be honest.  that garage is full of product so he could qualify for a check, not because he loved the products so much he wanted a whole garage full of them.

     If you completed The Best MLM Business Industry Training you already know what MLM products you're interested in, so I'll simply refer you back to that if you have further questions.

    I will reiterate, however,  your product must fill a REAL need in the market place at a fair price.  Market forecasts for your industry should be optimistic and show it growing.  Your product must provide enough value that your customer is even more of a winner than you are!

5. Forget the latest greatest thing?

You can't build long term residual income if the product your representing is only part of the latest fad.    Do you remember what happened to Beanie Babies?  Exactly!  Focus on the long haul.  As described in our product training, your product or service must be one that your customers will want to use month after month.

6. How fast can you get into profit?

    You obviously have some kind of a budget to start your MLM business.  You need to honestly ask yourself how long you will need to market your MLM before getting to break even. 

    Will your MLM opportunity provide any cash flow that can be reinvested back into the business?  Many poeple join a MLM with expectations that are unrealistic.  Many times even the Consultant that signed them up would have told them they were crazy.  When you are considering an MLM ask exactly what you will need to invest and how long you will need to invest it before reaching break even. 

    There may be some you love, but simply can not afford to do.

7. Does the marketing system take full advantage of technology?

     The Internet is here to stay.  Even if you hate computers you need to be at a company that embraces technology.  Not everyone can get up in front of a thousand people like the MLM Rock Stars, but  ANYBODY can plug into a system that does the selling and sorting for them.    At the very least your MLM Company must offer a web site where customers can purchase your products.

8. Is Your Consultant or Sponsor committed to YOUR success?

    If you've selected the right company.  You have products that you really believe in and you're ready to go to work, you'll have "almost" everything you'll need to succeed.   You'll want a good "sponsor."  There's a big difference between a "sponsor" and a "recruiter."  A sponsor coaches. motivates and trains.  They're with you through thick and thin.   A recruiter just signs people up and in a lot of cases, abandons them.  To learn more about selecting a good sponsor visit this  Best MLM Business - Consultant Training.

9. Is there a way to build your business part-time without losing your full time income?

The fact is that most people in MLM or Network Marketing are only working part time.  Your MLM company must offer a compensation plan and system that people can tap into in order to build their business while holding down a full time job. 

10. The Fun Factor!

I'm still working on this one :)  You know this entire web site is a science project.  Yep,  my whole workshop is watching as Best MLM Business goes #1 on Google.

Have fun, make money & Make a difference!

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